Full text of Commercial and Financial Chronicle : October 15, 1898 : State and City Supplement, Vol. 67, No. 1738

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TATE

TY

D

U F P tE W E lU
OF

0 OMWERCIAL &

THE

f IN M O A

l

C

h RONICLE.

[Entered according to act of Congress in 1898 by W illiam B. D ana Company , in the office of the Librarian of Congress, Washington, D. C.]

N EW

YORK,

OCTOBER

18,

1898.

These were the questions that investors and dealers
AmCin^SUfftEMENT.
put to themselves, and they and the other circum­

STATE

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WILLIAM B . DANA C O M P A N Y, P u b l i s h e r s ,
P in e S t r e e t , c o r n e r o f P e a r l S t r e e t ,

Post Office Box, 958.

N ew Y ork .

THE STRENGTH OF THE MUNICIPAL BOND
MARKET.
The events of the past few months have served to
reveal very clearly the inherent strength of the mu­
nicipal bond market. The change in the situation as
compared with six months ago is naturally marked;
but that in itself would not signify much. The con­
ditions prevailing last March and April were every­
where recognized to be exceptional. The Cuban com­
plications, which had been in a threatening state so
long, finally culminated in war in the last-mentioned
month. This introduced an entirely new factor in
affairs. War with another country must necessarily
always have a more or less disturbing effect. In the
present instance the immediate influence of such a
condition, threatened or in existence, was certain to
be unsettling in a noteworthy degree.
It is not surprising, under the circumstances, that
a sort of paralysis resulted for the time being in nearly
all the markets and in all lines of trade and human
activity./ I a the municipal bond market there were
special reasons for caution. The market is obviously
dependent to some extent upon the course of money
rates. Btft these rate3 already reflected a disturbed
condition of things, and the future was dependent
upon many circumstances whose character or influence
could not be foreseen. Tnen, also, a war involved the
certainty of a new issue of United States bonds. Such
loans appeal in large part to the same class of persons
and the same class of institutions as those who bid for
and invest in State and city securities. W hat effect
would such an issue have on the price of municipal
securitiesi W hat effect on the ability to dispose of such
securities? Would the market for the moment be
taken away from these securities?




stances -here .recited will explain why, six months ago,
the municipal bond market came almost to a standstill.
In April (the month the latter part of which the war
broke out) the aggregate of the sales, according to
the records we keep, dropped to the low figure of 3-Jmillion dollars— $3,570,963. This was a smaller ag­
gregate even than any reported during the silver
campaign of 1896, and was without exception the
most diminutive figure reached since the panic of
1893, when for two months the totals temporarily
fell to below two million dollars each. As indicative
of the extreme tension prevailing, we may note that
Cambridge, Mass., in the month referred to (April)
offered $245,000 of 3£ per cent 20-year bonds, and
did not obtain a single bid, while such places as
Cleveland, O ., Omaha, N eb ., and Columbus, O .,
in offering bonds received such unsatisfactory pro­
posals that the bids were all rejected. W ith this
experience before them, other municipalities having
new issues to negotiate pursued the only course open
to th e m ; they took care not to press their offers on
an unwilling market.
The great success achieved by American arms worked,
it will be remembered, a quick and very decided change
in the general trade and financial situation very early in
the war with Spain. In the municipal bond market,
however, the recovery was at first rather slow and
gradual. This was due in part to the fact that in­
tending borrowers thought it wise to adopt a cautious,
conservative policy, so as to be sure that they were not
anticipating the improvement before it had actually
occurred, or were not predicating too much upon it.
In part also it was due to the prospective issue (since
realized) of a large loan by the National Government
and to possible complications resulting therefrom in
the money market. It is always interesting to have the
bond sales by months extending back for a number of
years; accordingly we present the following record.
TOTAL MUNICIPAL BOND SALES B Y MONTHS.
1898.
1897.
1896.
1896.
J a n u a r y ..................... $3,147,893
$10,405,776 $6,507,721 $10,332,101
F eb ru ary
............ 9.30-1,489
12,676,477 4,423,520
6,779,436
M a r c h .............i
. . . 6.309,351
12,483,809
4,219,027
4,915.355
A p r il...........................
3,570.963
13,060.323 4,521,850
8,469,484
M a y ............................... 7,036,926
8,258,927 10,712,538
11,687,766
J u n e ..........................
»,704,925
16,385,065 12.792,308
15,907,441
J u l y - - - - ........................ 7,868,563
17,389,85» 5,318,495
15,374,660
A u g u s t ........................ 25,029,784
6 449,536 4,045,500
8,464,481
S e p te m b e r ................
6,145,665
9,272,691 3,693,467
11,423,212
O c t o b e r ...............................................
6,872,293 4,638,463
6,697,012
N o v e m b e r ..........................................
6,868,775 34,913,394
6,524,901
D e c e m b e r ...........................................
17,855,473 10,664,287
8,545,804

1894,
$7,072.267
11.986,122
5,080,424
11,599,392
14,849,410
18,359,377
8,258,287
7,626,260
8,249,847
8,685,435
4,549,580
13,486,374

G ra n d t o t a l.............................$137,984,034 $106,498,060 $114,021,633 $117,170,225

It will be observed that for August the aggregate of
the sales reached $25,029,781, which finds its only par­
allel in the large total for November 1896, when,

2

_____________STATE AND CITY SUfftEM ENT,

Vol. LXVII

after the defeat of the silyerites in the Presidential During the long period of depression through which
election, the unsold accumulations of the whole summer the railroad industry was forced to go, many of these
were disposed of. To be sure, the August sales included persons unquestionably lost faith in the stability and
the issue of New Y ork City bonds, amounting to desirabilty of even the best issues of railroad securi­
$12,688,992 offered that month (it is well enough to ties, and became inclined to turn away altogether
say that in November 1896 no less than $16,046,590 from that field of investments.
During the last
of New Y ork City bonds were included); but even twelve months, however, conditions have been such as
with that issue entirely eliminated the total would to wean them back. In this period there has been
still he $12,340,792, which is larger than for the cor­ wonderful recuperation, and nearly all the discredited
responding month of any year so far hack as our properties have through reorganization been placed
records extend, August being usually a dull month in upon a sound and conservative basis. The temptation,,
this line, making this year’s activity all the more too, to turn again to railroad investments would be
noteworthy. For September it is not surprising to find further increased by the fact that the return on mu­
a falling off again, especially as there were no large nicipal bonds has been declining, while many of the
offerings; the aggregate of the sales for the month was newer railroad issues still yield a comparatively large
only $6,145,665.
return. As bearing on the same point, we may note
W e have stated above that the mere faot that the furthermore that a number of municipal bond houses
market is active now where six months ago it was dor­ have latterly made offers of selected bonds of street
mant, would not in itself signify much, since the con­ and steam railroads and of miscellaneous companies a
ditions at the earlier period were so clearly exceptional. branch of their business, in some cases taking the en­
W hat does give importance to the present eager tire issue of a new loan and then disposing of the
demand is that it has been co-existent with a number bonds to their customers.
of circumstances and events which it might have been
Notwithstanding all these circumstances, there has
supposed would to some extent interfere with or spoil been, as already stated, most spirited bidding and
the market for State, city, county and town bonds. an active demand for municipal bonds, and the
Thus in the interval since last June the United States amount of the takings, large though they have been,
has placed 200 million dollars of Government bonds. hardly indicates the eagerness of the inquiry, for lat­
A s already noted many of the institutions and terly the supply of bonds has been far short of the
investors who are most likely to subscribe for demand.
The prices which buyers are paying ina United States loan, are precisely the ones order to procure the bonds furnishes confirmation of
who from choice or necessity are ordinarily obliged to this statement. The very best bonds are now being
invest part of their funds in municipal issues. To be placed on a basis netting but little more than 3 per
sure, the 200 million loan has been in name a “ popu­ cent, and even below that figure. St. Louis, M o., in
lar” loan, but we have pointed out in the Chronicle July sold $593,000 of bonds on a 3*086 basis; Rhode
how far from being 'so it was in fact. W e happen to Island the same month put out $800,000 bonds on a
know of several financial institutions which sub­ 2*906 basis and Massachusetts in August disposed of
scribed for fixed amounts of the bonds in the names $1,000,000 bonds at a price to net the buyer only 2 93
of every one of their employes. In some cases these per cent. The New Y ork City bonds were sold under
subscriptions were so far bona fide that the employes unfavorable circumstances, and yet they went on a
were allowed to make a good share of the profit in the 3*23 basis.
Cleveland, which in April found notransaction, but the bonds themselves went eventu­ bidders for one of its issues, was able to negotiate
ally to the institution itself (which had advanced the $300,000 in August at a price netting the purchaser
money for the purpose) or to its customers. Y e t the only 3*24 per cent. Allegheny County (Pa.) bonds have
placing of this large Government issue has operated been bought to net only 3*20, those of Providence, R.
apparently not in the slightest degree to disturb the I ., and Rochester, N . Y ., have been taken to net but
market for municipal bonds.
3*107, while Cambridge, Mass., got as low a rate
The demand for State and city securities has also
been coincident with the opening up to our New Y ork
savings institutions of an entirely new class of invest­
ments. As was shown in an article in the last number
of this.S upplem en t , by a law approved last April the
savings banks of this State were given authority to
invest in the bonds of New Y ork steam railroads under
certain restrictions. The privilege granted is so cir­
cumscribed and restricted that the new field is, after
all, a limited one; but that it has been availed of to
an extent there can be no doubt, and to just the ex­
tent it has it means the displacement of some one of
the other forms of investments permitted the banks.
Another circumstance which it might have been
thought would possibly operate somewhat to the detri­
ment of the market for municipal bonds is the fact
that issues of railroad bonds have latterly begun to
wear an increasingly attractive look. N o doubt there
is a olass of investors who will not touch anything but
a Government obligation of some kind, national, State
or city, and who would not take a railroad bond under
any circumstances. But there are others who want
merely reasonable assurance of safety and a fair return.




as 3*097.

______________________ _

LEGISLATION TO IN DEM N IFY
COLLECTORS ILLEGAL.

TAX

The Constitution of New Y ork State (Section 10,
Article 8) provides that “ no county, city, town or
village shall hereafter give any money or property, or
loan its money or credit to or in aid of any individual;
* * * nor shall any such county, city, town or vil­
lage be allowed to incur any indebtedness except for
county, city, town or village purposes.”
Judge
Hiscock in the Supreme Court, Special Term , sitting
in Onondaga County, recently decided that this provi­
sion of the Constitution forbids legislation giving
authority to levy taxes for the relief of tax collectors
who may have sustained losses upon deposits made by
them in bank in their official capacity. The facts of
the case are interesting, and of course the decision is
of wide importance.
It appears that in 1895 and 1896 Seymour J. Burch
was acting as Tax Collector of the town of Western, in
Oneida County. As such Collector he deposited in
the F t. Stanwix National Bank of Rome tax moneys

October, 1898.

STATE AND CITY S U f f l E W E H T .

to the amount of $7,192 97. These moneys were cred­
ited to him on the books of the bank in his name as
Tax Collector. Some time in 1896 the bank failed
and went into the hands of a receiver. Only $4,322 25 of
the deposit was repaid, leaving a deficiency of $2,870 72.
This deficiency Burch and his bondsmen made good.
The collectors of some other towns in Oneida Coun­
ty seem also to have suffered through the deposit of
town moneys in the bank in question. The Legislature
thought the cases proper ones for relief. Accordingly in
1897 a law was passed, and received the approval of the
O-overnor, which provided in substance that the Board
of Supervisors of Oneida County might raise by the
ordinary process of taxation, in the various towns in
the county, a sum sufficient to reimburse the collectors
for the losses incurred by them through the failure of
the bank. It was distinctly provided that no tax of
this kind was to be raised in any town without the
consent of the taxpayers therein owning more than
one-half the taxable property of the town, and
various proceedings were prescribed by which this
latter fact should be certified, and made certain.
The money, when collected in any town, was
to be
paid
over to
the
person
for
whose
relief it had been raised, or to his bondsmen. A c t­
ing under authority of this law, the Board of Super­
visors of Oneida County, at its regular session in
December 1897, took steps to raise the sum of $2,870 27
upon the taxable property of the town of Western
for the relief of Burch. Thereupon Stephen R. M er­
cer and others, taxpayers and residents of the town,
brought an action against C. Frank Floyd as Super­
visor and others to have the law of 1897 declared
unconstitutional, and to restrain the officials named
from proceeding thereunder.
Judge Hiscock, in his decision, pointed out that it
was practically conceded, as indeed it must be, he
said, upon the present action, that Burcn was liable
for the moneys collected by him as a tax collector and
deposited in the Rome bank, and that he and his
bondsmen were not relieved from obligation to make
up the deficiency arising through the failure of the
bank, even though Burch himself was free from fault.
This liability, under the statute relating to Burch's office
and the bond given by him as such officer, has been
finally and fully settled, Judge Hiscock declares,
within the principles laid down in Tillingham vs.
Merrill. Accordingly, he thinks, the contention of
the plaintiff, that the A c t called in question is one
providing for the private relief of the collector
and his bondsmen and therefore unconstitutional,
must be upheld.
The Collector was bound to
pay over to the proper authorities the moneys
collected by him. He was not exempted from so pay­
ing them over because pari of them had been lost
without his fault through the failure of the bank
wherein they were deposited. He and his bondsmen
were in effect compelled to bear the loss.
Reasoning thus, Judge Hiscock declares that the
result of the 1897 law is to reimburse the Collector
and his bondsmen for a loss which they are legally re­
quired to bear. However unfortunate and much to
be regretted the loss is, and however free from personal
fault Burch may be, the risk of losing part of his col­
lections in such a manner as this is one that was as­
sumed when he took the office and when the under­
taking was executed by his bondsmen.- This being
the case, it is well settled that the Legislature cannot
authorize and the county and town authorities cannot




_________®

make a levy and take the property of the taxpayer to
relieve the Collector from his loss. There cannot be
any doubt, the Judge declares, but that the appropria­
tion of private property for such a purpose, under the
form of taxation, is unlawful under the general prin­
ciples of law which govern the subject. The power of
taxation is and should be broad and vested with great
powers of discretion; but underlying all of its forms
is the general principle that it is to be exercised for
public purposes and benefits and not for private relief
or gratuity.
It had been urged that it was not unlawful or un­
constitutional for a municipality to repay an indi­
vidual for services performed or moneys expended for
its benefit, and whereby a moral or equitable, if not
legal, claim has arisen; and in support of that conten­
tion reference was made to the discussion of that
question in Bush vs. Board (10 App. D iv., 542, 42 N .
Y . Supp., 417). Assuming this contention to be cor­
rect, says Judge Hiscock, as it very likely is, he does
not think it applies to the present case. The Town
of Western has not received from the moneys in
question any benefit or advantages which may be the
basis of an equitable claim. The defendant Burch
has unfortunately and, so far as it appears, without
personal fault, lost them. The lo3S has bGen a mis­
fortune to him, but not the source of any benefit or
advantage to the town.
The further point had been made that the plaintiffs
were not entitled to bring the present action. But
Judge Hiscock rules that the statutes authorizing a
taxpayer to bring suit to restrain public officials from
doing an alleged unlawful act are very broad and
amply cover the case under review.

PROPOSED CONSTITUTIONAL CHANGES I N
THE VA RIO US ST A TES.
A n unusual number of changes in the organic law of
the different States are under consideration the pres­
ent year. These changes embrace entirely new con­
stitutions in two of the States, namely Rhode Island
and Louisiana, and various amendments in several of
the other States.
The Rhode Island Constitution is to be submitted
to a vote of the people on November 8. I f adopted,
the State will lose one of the peculiarities for which
it has been distinguished so long. Though the small­
est State of the Union, it has enjoyed the distinction
not only of having two State capitals, namely N ew ­
port and Providence, but also two legislative sessions
each year, one in each of the State capitals— at New­
port in May, an adjourned session at Providence later
in the year. W e shall not attempt to rehearse the
historical facts that go to explain the existence of
these dual arrangements. Suffice it to say that under
the new Constitution the anomaly referred to will dis­
appear. The official title of the State will still be
“ The State of Rhode Island and Providence Planta­
tio n s," but the only provision regarding legislative
sessions contained in the instrument is found in A rti­
cle I V ., Sec. 3, which says, “ There shall be a session
of the General Assembly at Providence, commencing
on the first Tuesday of January in each year." Thus
the double sessions are to be dispensed with.
The provisions regarding the debt-contracting power
of the State and its various civil divisions have of
course much interest for our readers. W e give the
provisions in full in a subsequent part of this Supple ­
ment in the place devoted

to the affairs of Rhode

4

S W I AWJ3 CITY SUfftEMEWT,

Vol. L X V I

Island, and hence will only say here here that the
references to the subject in this new instrument are
hardly more extended than those in the old Constitu­
tion. There are only two brief sections regarding the
matter. One provides that the Legislature shall have
no power, without the express consent of the people,
to incur State debts (except in time of war or in case
of insurrection or invasion) to an amount exceeding
half a million dollars in the aggregate at any one
time. The other section simply forbids the Legisla­
ture from authorizing any city, town or incorporated
district to guarantee the indebtedness of any corpora­
tion, association, institution or individual;

volved upon the local legislative body. The other is
intended to prevent the creation of additional county
indebtedness after the county has been absorbed by
and made part of the city. The existing Constitution
covers the case where the boundaries of city and county
are the same. The proposed revision goes a step
further and brings within the same limitation the
case “ when any city shall include within its boundaries
more than one county.”
In California no less than seven amendments will
be voted on by the people on November 8. The first
of these, relating to revenue and taxation, reaffirms
the existing limitations upon the contraction of

The new Constitution of Louisiana is already in
effect. It rigidly limits both State and municipal
indebtedness.
As far as the State is concerned, the
provision is precisely the same as that in the old Con­
stitution. Here is the article bearing on the subject.

indebtedness by cities, counties, towns, &c., but
changes the sinking fund provision so as to allow the
principal to be paid in 40 instead of in only 20 years.
A section is also added excepting from the prescribed
limitations certain, claims against the city and county
of San Francisco; there is likewise a provision that the
city of Vallejo, in Solano County, may pay its existing
indebtedness incurred in the construction of its water
works whenever two-thirds of the electors thereof, vot­
ing at an election held for the purpose, shall so decide.

A rticle 46. The Geaeral Assembly shall have no power to contract,
or to authorize the contracting of, any debt or liability on behalf of
the State, or to issue bonds, or other evidence of indebtedness thereof,
except for the purpose of repelliDg invasion or for the suppression of
insurrection.

W ith reference to municipalities, the limitation is
10 per cent upon the assessed value of the property of
the municipal corporation, parish or district. W e
give the provisions herewith in full.
As regards the
exception made of N tw Orleans in the text of the
section, it should be stated that in the case of that
city various limitations have from time to time been
provided by legislation and are reaffirmed.
A rticle 281.—Municipal corporations, parishes and drainage dis­
tricts, the City of New Orleans excepted, when authorized to do so by
a vote o f the majority in number and amount of the property tax­
payers, qualified as electors under the Constitution and laws of this
State, voting at an election held for that purpose, after due notice of
said election has been published for thirty days in the official journal
of the municipality or parish, and where there is no official journal, in
a newspaper published therein, may incur debt and issue negotiable
bonds therefor, to the extent of one-tenth of the assessed valuation of
the property within said municipal corporation, parish or drainage dis­
trict, as shown by the last assessment made prior to the submission of
the proposition to the property taxpayers, as above provided, and may
be authorized by the property taxpayers, voting at said election, to le vy
and assess special taxes upon the property subject to taxation in the
parish, drainage district pr corporation ; provided, said taxes so im­
posed do not exceed five mills on the doUar of the assessed valuation
In any one year, nor run for a greater number of years than the num­
ber named in the proposition submitted to the taxpayers. No bonds
shall be issued for any other purpose than stated in the submission of
the proposition to the taxpayers, and published for thirty .lays, as
aforesaid, nor for a greater amount than therein mentioned; nor
shall such bonds be issued for any other purpose than for paving
and improving streets, roads and alleys, purchasing or con­
structing a system o f water works, sewerage, drainage, lights, public
parks and buildings, bridges and other works of public improvement,
the title to which shall vest in the municipal corporation parish or
drainage district, as the case may be; nor shall such bonds run for a
longer period than forty years from their date, or bear a greater rate
o f interest than 5 per cent per annum, or be sold by the municipal
corporation, parish or drainage district issuing same for less than par.
The municipal corporation, parish or drainage distriot issuing such
bonds shall provide for the payment of the interest annually, or semi­
annually, and the principal thereof at maturity; provided that the
total issue of bonds by any municipality, parish or drainage district,
for all purposes shall never exceed 10 per cent of the assessed value
o f the property in such munioipalty, parish or drainage district. Pro­
vided, that drainage districts availing themselves of the provisions of
this ordinance shall be limited to the rate of taxation herein fixed ;
and such districts shall be prohibited from levying contributions
under the provisions of existing laws, and provided, further, that
nothing herein contained shall prevent drainage districts from being
established under the provisions of existing laws.

The second amendment relates to the framing, by the
inhabitants of counties, of local county government
Acts. Amendment No. 3 provides for the organiza­
tion of a Court of Claims to hear claims against the
State. Amendment N o. 4 relates to consolidated city
and county governments. Amendment No. 5 makes,
changes in the section relating to the qualifications,
functions and succession of the Lieutenant-Governor.
Amendment No. 6 revises the section relating to
primary and grammar schools. The seventh and last
amendment relates to the legislative sessions, and ia
evidently intended to guard against hasty or ill-advised
legislation. A t present there is no limit to the length
of the biennial sessions, though it is provided that
members can draw pay for only sixty days. U n der
the proposed revision the limit of pay will be seventyfive days, but an entirely new and unusual feature is
incorporated. After having been in session twentyfive days the Legislature must adjourn for not less
than thirty nor more than sixty d ay s; and at the
adjourned session no bill can be introduced without
the consent of three-fourths of the members thereof.
In the State of Washington two propositions for re­
vising the framework of the organic law are to be
passed upon by the electors. One of these confers
the elective franchise upon women. The second con­
fers upon municipalities the option of determining by
a majority vote of the electors the class or classes of
property upon which taxes for municipal purposes
shall be levied.

A s regards the amendments proposed in other States,
five are under consideration here in New York. A ll
these amendments received the approval of the last
Minnesota is also engaged in the task of altering its
Legislature, but must further, however, receive the Constitution. It is proposed in the first place to
approval of the next Legislature and then be sub­ amend the section regarding the right of women to
mitted to ratification by the people before they can vote for and become members of school boards by ex­
become effective. Two of these amendments relate tending to them also the privilege of voting for mem­
to the judiciary section of the Constitution, and are bers of library boards and be eligible to membership
intended to relieve the higher courts from the pres­ in such boards. The effect of the amendment will
sure of overwork. A third amendment provides for also be to make the provisions in this respect self-op­
biennial sessions of the Legislature instead of annual erative instead of dependent upon legislative action. A
sessions. The other two amendments are intended to second proposition provides for altering somewhat the
cover the peculiar situation which has arisen through requirement as to the number of votes necessary to
the creation of the Greater New Y ork, composed of adopt constitutional amendments. The third propo­
territory embracing more than one county. One of sition has to do with the charters and government of
these provides that in a city which includes an entire oities and villages. The purpose of the fourth amend­
county, or two or more entire counties, the powers and ment is to create a State road and bridge fund for use
duties of the county board of supervisors may be de­ in the improvement of highways and bridges.




5

October, 1898.

U n ited

States

D eb t

and

I ts

H isto ry.

The follow ing is a statement o f the debt of the United States past and present. To add to its usefulness we give refer­
ences to the laws authorizing each of the issues of bonds outstanding to-day, and likewise, so far as we deem it needful, cita
tions from those laws.
A ll our figures, except when otherwise noted, represent the status at the close o f business June 30 or the beginning o f
business on July 1 of each fiscal year. To conform to that feature and yet furnish information through which any reader
can always have the data for a correct exhibit of the debt situation at any past or future day, and make an accurate com ­
parison w ith previous years, we present, F ir st , the details as they stood at the close o f the last fiscal year ending June 30
1898; S econd , the changes in those details since June 30 1898 down to Oct. 1 1898; T h ir d , the items of interest-bearing debt,
& c ., at the beginning o f each fiscal year since July 1 1876 ; F o u rth , we publish in the C h ronicle every m onth— usually
the first or second Saturday— the full detailed Government statement o f the debt as reported by the Treasurer on the last
day o f the previous month ; some months lack of space forces us to delay the publication to a later week
W ith these data at his command, it would seem as if any inquirer could satisfy himself fully w ith reference to every
point which m ight become of importance for him to know respecting the U nited States debt.
INTEREST-BEARING DEBT OUTSTANDING JUNE 30 1898.
Title o f Loan.

Authorizing Act.

Rate.

Funded loan o f 1891..
Funded loan o f 1907..
Refunding certificates
Loan o f 1904...............
Loan o f 1925.............

July 14,’70, & Jan. 20,’71 £
July 14,’70, & Jan. 20,’71..
February 26,1879...............
January 14 1875..................
January 14 1875..................

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

When
j Interest
Redeemable. Payable.

Amount Issued.

Registered.

■Oustanding
Coupon.

£ Option U.S. M,J,S&D. (4iflS) $250,000,000 $25,364,500
July 1 ,1 9 0 7 .1J,A,J& O.
740.907.400 490,847,750 $68,798,300
...................... J.A.J&O.
40.012,750
Peb. 1,1904. F,M,A&N
100,000,000 65,755,950 34,244,050
Feb. 1,1925. F,M,A&N
162.315.400 111,051,900 51,263,500

Agg’ ate of interest-bearing debt.excl. of U. S. bonds issued to Pac. RRs., as statedbelow

Total.
$25,364,500
559,646,050
41,520
100,000,000
162,315,400

1,293,235,550 693,020,100 154,305,850 847,367,470

DEBT ON WHICH INTEREST HAS CEASED JUNE 30 1898.
Fancied loan of 1891, matured September 2 1891...................................................................................................... ...................................
Old debt matured at various dates prior to Jan. 1 ,’ 61,and other items of debt matured at various dates subsequent to Jan. 1, ’ 61..
Aggregate June 30 1898 of debt on which interest has ceased since maturity.

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

DEBT BEARING NO INTEREST JUNE 30 1898.
Authorizing Act.
United States notes . . . .
Old demand notes........
National Bank notes:
Redemption account.
Fractional currency....

Feb. 25 1862; July 11 1862; Maroh 3 1863.
July 17 1861: Feb. 12 1862...........................
July 14 1890 .......................................................... .........................
July 17, ’62; Mar. 3, ’ 63; June 30, ’64, $15,260,686 14; less
Act of June 21, ’79 ............................................................. ......

Aggregate June 30 1898 of debt bearing no interest.

$346,681,016 00
53,397 50
i,375,934 e8tim’d as lost or destroyed,

30,493,147 00
6,884,752 14
$384,112,912 64

The foregoing shows that the Government debt on June 30 1898 was made up of (1) interest-bearing debt, $347,367,470, o f
(2) debt on which interest has ceased, $1,262,680 26, o f (3) debt bearing no interest, $384,112,912 64, m aking total gross debt,
1,232,743,062 9 0 ; subtracting from the total the net cash balance in the Treasury ($205,657,570 76) at the same date (June
80 1898) we have the, net debt as it stood at the close o f the last fiscal year, $1,027,085,492 14. To bring down the interes tbearing debt to Oct. 1 1898— which, as stated, was $847,367,470 on June 30 1898— we must include the $142,720,820 war
bonds (Loan of 1918) already issued, add to the Funded Loan of 1907 $850 and deduct from the Refunding Certificates
•$540 (a net addition of $142,721,130) to reach the total o f the interest-bearing debt Oct. 1 1898, which was $990,088,600.
For later and fu tu re details o f the debt, see the same as issued every month in the C h ron icle , the first or a later Saturday.
W e now add, first, references to and citations from the laws which are the authority for the debt as it stands to -d a y ; second,
th e tw o tables on the next page, which exhibit all the particulars o f the total debt of the United States on June 30 o f each
year from 1876 to 1898, both years inclusive ; third, the Pacific Railroad bonds ; and fou rth , the Cherokee certificates o f
indebtedness; the last two classes of debt are never included in the Treasury debt statements.
“ FUNDED LOAN OF 1 8 9 1 ” (Column 1) 4 ^ per cents, continued at 2 per cent. The bonds of this issue still outstanding were issued in
•exchange for the 4Lj per cent funded loan of 1891 by mutual agreement between the Secretary of the Treasury and the holders, and were made
redeemable at the pleasure of the Government. Amount issued was $25,364,500 and they are all outstanding to-day.
“ FUNDED LOAN OF 1 9 0 7 ” (Column 2) 4 per cents. The act of July 14,1870, authorized the issue of 1,000 million dollars of bonds at]4
per oent, payable in coin of the present standard value, at the pleasure of the United States after thirty years; these bonds to be exempt from all
taxes or duties of the United States, as well as from taxation fix any form by or under Státe, municipal or local authority. Bonds to be sold at
not less than par in coin, and prooeeds to be applied to the redemption of outstanding 5-20s, par for par. Outstanding (Oct. 1 1898),
$559,646,900.
“ REFUNDING CERTIFICATES” (Column 3).—Act o f February 26 1879 authorized the Secretary of the Treasury to issue in exchange
for lawful money o f the United States certificates of deposit of the denomination of ten dollars, bearing interest at the rate o f 4 per cent, and
■convertible at any time, with aocrued interest, into the 4 per cent bonds described in the Refunding a ct; the money so received to be applied
only to the payment of the bonds bearing interest at a rate not less than 5 per cent. On March 12 1879 the issue o f these certificates and their
exohange into 4 per oent bonds were authorized; the certificates were to draw 4 per cent interest from April 1 1879 and were oonvertio.e in
sums or $50 or its multiples. The amount issued at the close of the fiscal year (June 30 1879) was $39,308,110, but they had been converted
so rapidly that there were outstanding at that date only $12,848,210. On October 31 1879 the entire authorization had been reached, tie
maximum amount o f the issue being $40,012,750. Of these there were still outstanding on Oct. 11898 a total of $40,980.
“ LOAN OF 1 9 0 4 .” —(Column 4.) The act of January 14 1875 authorizes the Secretary of the Treasury to use any surplus revenues from
time to time in the Treasury not otherwise appropriated, and to issue, sell, dispose of, at not less than par in coin, either of the descriptions
-of bonds of the United States described in the act of July 14 1870 for the purpose of redeeming on and after January 1 1879 in coin, at
the office of the Assistant Treasurer of the United States at New York, the outstanding legal-tender notes when presented in sums o f not less
than fifty dollars. Under this authorization, and for the purpose mentioned, there were issued in February, 1894, payable in 10 years, $50,000,000 of 5 per cents and in November 1894 there were issued $50,000,000 more for similar bonds for the same purpose. There are now outstand­
in g $100,000,000.
“ LOAN OF 1 9 2 5 .” —(Column 5.) Sales of bonds included under this designation were effected (1) in February 1895 to the amount o f
$62,315,400 and (2) in February 1896 to the amount of $100,000,000. In a message to Congress under date of February 8,1895 (published in
the Chronicle February 9 1895, page 244), President Cleveland stated that “ in pursuance of Section 3700 of the Revised Statues the details
o f an arrangement have this day been concluded whereby bonds of the United States authorized under the act of July 14 1875, payable in coin
■thirty years after their date, with interest at the rate of 4 per oent per annum, to the amount of a little less than $62,400,000, are to be issued for
the purchase of gold coin amounting to a sum slightly in excess of $65,000,000, to be delivered to the Treasury of the United States, which
sum added to the gold now held in our reserve w ill so restore such reserve as to make it amount to something more than $100,000,000. Such
a premium is to be allowed to the Government upon the bonds as to fix the rate of interest upon the amount of gold realized at 3% per cent per
annum. At least one-half of the gold to be obtained is to be supplied from abroad.” Section 3700 of the Revised Statutes is as follow s:
“ Sec. 3700. The Secretary of the Treasury may purchase coin with any of the bonds or notes of the United States authorized by law at such
rates and upon such terms as he may deem most advantageous to the public interest.”
For a construction of the “ Refunding A ct of 1870” and of the “ Resumption A ct of 1875,” see Chronicle , February 18 1893, page 265.
The issue in February 1896 was an ordinary offering, open to all bidders, of $100,000,000 of the same bonds as the foregoiug—same in
date, same in time of maturity, same in rate of interest and time of interest payments. Consequently both issues are called the “ Loan of 1925 ’ *
o f which there are outstanding $162,315.400.
“ LOAN OF 1 9 1 8 .” - (Column 7.) The bonds included underthishead are auissue of $200,000,0003 per cents. They were authorized by A ct
o f June 1 3 ,1»98, andaré known as the “ War loan.” The law provided that in allotting said bonds the individual subscriptions of the lowest
amount must be first allotted. On theday the Act was signed a Treasury circular was issued (see circular in C hronicle o f Ju ie 18, 1898, page
1168,) inviting subscriptions for 32 days, from June 13 to July 14, for the amount of bonds stated, in both coupon andregistered form, coupons in
denominations o f $20, $100, $500 and $1,000, and registered in denominations of same amounts, and also in $5.000 and $10,0 >0, dat-^d August
1,1898, redeemable in coin at the pleasure of the United States after ten years trom date of issue, and due and pay «ble August i 1918. See
circular for further details. Subscriptions reached the amount of $1,325,000,000. The Department has not as yet announced the full details
o f the awards. Probably about $120,000.000 went to subscribers for $500 or less and nothing to any subscriber for $5,000 or over.




Vol. L X V II

STATE AND CITY SUfflEMENT*

6

In April, 1895, we gave a table showing the debt of the United States on the first day of July 1856, and every subsequent
year. It is not necessary to repeat all those figures. W e have determined on this occasion to begin our statement with e
1876, as that year antedates all of the issues now outstanding, and yet carries the record sufficiently far back to show th
nature and extent o f the Government securities when the latest refunding operations began. It has the advantage, too, o f
giving separate and distinct each issue of bonds now outstanding. The statement is subjoined.
PRINCIPAL OP THE PUBLIC DEBT OF THE UNITED STATES FROM JULY 1 1876 TO OCTOBER 1 1898.
4.
9.
1.
5.
6.
1Loan o f
“ Funded Loan 1Funded Loan “ Refunding
“ Loan o f ‘ Navy Pension Old 6s and 7s
Total
Oonverted into Interest-Bearing
Certificates,” 1904,” 5 Per 1925,” 4 Per
o f 1891,” 4i2 P.
o f 1907,” 4
Fund,” 3
Debt.
Oents.
O. Oontin’d at 2.
4 Per Oents.
Per Oents.
Per Oents. 4 and 4*2 P. Ots,
Oents.

Y e ar .

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

140,000,000
240,000,000
250,000,000
250,000,000

$
$
Maximum
00
issue was
00 98,850,000 00 40,012,750 00
00 728,673,790 00 12,848,210 00
00 737,980,800 00 1,367,000 00

$
14.000.
14.000.
14.000.
14.000.
14.000.

$
1,696,685,450
000 00
1,557,888,500
000 00
1,441,885,650
000 00
000 00792,121,700
000 00720,645,300

1,710,685,450 00
1,711,888,500 00
1,794,735,650 00
1,797,643,700 00
1.723.993.100 OO

1881
1882
1883
1884
1885

.

250,000,000
250,000,000
250,000,000
250,000,000
250,000,000

00
00
00
00
00

738,659,000 00
738,884,300 00
737,586,300 00
737,661,700 00
737,719,850 00

688,800 00
465,050 00
355,900 00
290,000 00
240,600 00

14.000.
14.000.
14.000.
14.000.
14.000.

000 00 636,219,950
000 00t460,461,050
5 132,082,600 >
000 00
1 1304204350 \
000 00t224,612,150
000 00tl94,190,500

1,639,567,750 00
1,463,810,400 00
1,338,229,150 0 0
1,226,563,850 00
1,196,150,950 00

1886
1887 .
1888 .
1889 .
1890.

250.000.000
250,000,000
222,207,050
139,639,000
109,015,750

00
00
00
00
00

737,759,700
737,800,580
714,177,400
676,095,350
602,193,500

00
00
00
00
00

207,800
175,270
138,050
119,640
103,860

14.000.
000 00tl44,046,600
tl9,716,500
L4,000,000 00
14.000.
000 00
14.000.
000 00
14.000.
000 00

50,869,200
25.364,500
25.364,500
25,364,500
25,364,500

00
00
00
00
00

559,566,000
559,581,250
559,604,150
559,618,400
559,625,750

00
00
00
00
00

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

25,364,500
1896
..............
25,364,500
1897
..............
25,364,500
1 8 9 8 .....................
25,364,500
1898, October 1 ...
Î Continued at 3*2 per cent.

00
00
00
00

559,636,850 00
47,140 00
559,640,100 00
45,130 00
41,520 00
559,646,050 00
40,980 00
559,646,900 00
t Continued at 3 per cent.

1891
1892
1893
1894
1895

$

,
.
,

.
.
.
.
.

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

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

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

7
“ Loan o f
1918”
(W ar Bonds),
31,157,700 3 Per Oents.

847.363.890 00
847,365,130 00
847,367,470 0 0
990,088,600 00

100 ,000,000 162.315.400

100,000,000 162.315.400
100, 000,000 162.315.400
100 ,000,000 162.315.400

00
00
00
00
00

142,720,820

PUBLIC DEBT OF THE UNITED STATES, E tc. (Continued.)
11.
Debt bearing no
Interest.

12.
Outstanding Prin­
cipal.

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

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

15.
14.
13.
Cash in the Treas­ lotal Debt less Cash Annual Interes
Oharge.
in Treasury.
ury July 1.

Y eab .

10.
Debt on which In ­
terest has ceased.

1R76 —July 1 .....................
Í877........'..........................
Í 8 7 8 ...................................
1879....................................
1880....................................

$3,902,420 26
16,648,860 26
5,594,560 26
37,015,630 26
7,621,455 26

1881....................................
1882....................................
1883....................................
1884.......... .........................
1885....................................

1,723,865
16,260,805
7,831,415
19,656,205
4,100,995

26
26
26
26
26

353,847,504 32
353,787,958 77
353,740,691 81
353,719,517 31
353,603,141 88

2,000,139,119 58
1,833,859,164 03
1,699,801,257 07
1,599,939,572 57
1,553,955,087 14

180,488,965 3*
158,835,689 7 i
161,019,431 92
161,396,577 18
178,602,643 23

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

1886....................................
1887....................................
1888....................................
1889....................................
1890....................................

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

26
26
26
26
26

397.692,548 52
353,685,110 37
353,660,467 32
353,654,148 97
353,648,559 47

1.509.411,093 78
1,381,492,625 63
1,306,679,062 58
1,185,419,624 23
1,080,777,474 73

227,265,253 34
206,323,950 21
243,674,167 85
209,479,874 01
189,993,104 20

1891....................................
1892....................................
1893....................................
1894....................................
1895....................................

1,614,705 26
2,785,875 26
2,094,060 26
1,851,240 26
1,721,590 26

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

1,005,806,560
968,218,840
961,431,766
1.016,897,816
1,096,913,120

153,893,808 83
126,692,377 03
122,462,290 38
117,584,436 13
195,240,153 51

89
84
27
78
37

35
37
87
42
99

15 .
10
53
04
63

61
63
13
68
25

*90,788,326 70
144,453,360 73
164,179,012 08
200,394,517 01
166,114,752 88

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

OO
50
50
50
OO

23
25
15
39
91

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

50
75
50
50
OO

1,282,145,840 44
1,175,168,675 42
1,063,004,894 73
975,939,750 22
890,784,370 53

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

00
50
25
60
15

$2,060,925,340 45
2,019,275,431 37
1,999,382,280 45
1,996,414,905 03
1,919,326,747 75

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

78
60
75
55
74

955,297,253 70
267,432,096 70
1,222,729,350 40
373,728,570 14
1,636,890 26
1896..................................
986,656,086 14
240,137,626 76
1,226,793,712 90
378,081,702 64
1,346,880 26
1897....................................
1,027,085,492 14
205,657,570 76
1,232,743,062 90
384,112,912 64
1,262,680 26
1898....................................
1,067,479,205
38
307,557,503
52
1,375,036,708
90
1,256,790
2«
383,691,318
64
1898, October 1................
N ote 1.—The annual interest charge is computed upon the amount of outstanding principal at the close of the fiscal year, and
interest charge on Pacific Railway bonds.
,,
..
. .
.
. . .
N ote 2.—The figures for July 1 1879 were made up assuming pending funding operations to have been completed.

23,615,735 80
22,893,883 20
22,894,194 00
25,394,385 60
29.140,782 40
34,387,265 60
34,387,315 20
34,387,408 80
38,669,045 80
is exclusive o f

P a c if ic R a il r o a d D e b t .— Two other classes o f bonded debt must be referred to which have never been included in th e
total of Government debt — we mean the Pacific Railroad debt and the Cherokee certificates o f indebtedness. To show th e
situation o f these two classes of bonds we have to make compilations of our own, as the Treasury form comes short o f
indicating the existing situation. First we bring together the details respecting the issues to the Pacific Railroads
which are still unliquidated by the companies, giving likewise in the statement the unliquidated bonds already paid by theGovernment and the dates at which the balance becomes payable.
UNLIQUIDATED BONDS ISSUED TO PACIFIC RAILROADS—THEIR STATUS OCTOBER 1 1898.
Railroad Liability.
Name o f Railway.

.

1
2
Bonds issued Net Interest paid
by Government. by Government.

$
Central Pacific.......................... 25,885,120 00
1,970,560 00
Western Pacific........................
Central Branch, Union Pacific 1,600,000 00
1,628,320 00
Sioux City & Pacific................
Totals...................................

31,084,000 00

$
36,637,721
3,428,344
2,165,336
2,600,368

06
34
53
89

44,831,770 82

4
Deduct
Sinking Fund,
die.

3
Total.
$
62,522,841
5,398,904
3,765,336
4,228,688

06
34
53
89

75,915,770 82

5
Leaving Net
Liability.

Bonds, Maturity of.
6
Past-Due,
Unpaid.

7
Due Jan. 1,
1899.

$
8,904,519 76

$
53,618,321
5,398,904
3,765,336
4,228,688

30
34
53
89

$
17,312,120
360,000
1,600,000
1,628,320

$
8,573,000
1,610,560

8,904,519 76

67,011,251 06

20,900,440

10,183,560

C h e r o k e e C e r t if ic a t e s o f I n d e b t e d n e ss .— The other item of debt not mentioned in the debt statement is the
Cherokee four per cent certificates. The indebtedness upon which these certificates were issued grew out of the purchase
(see act making appropriations, etc., for Indian tribes passed March 8, 1893,) from the Cherokee Indians of certain lands
known as the Cherokee Outlet, the Government agreeing to pay therefor $8,300,000 in five equal annual instalments, the
first payment to fall due March 4,1895. It was likewise provided that the Cherokee Indians m ight realized upon the princi­
pal and interest of the last four annual instalments in case they should deem it more advantageous, etc. Ia pursuance o
th authority thus granted these Certificates of Indebtedness were issued, $1,660,009 being payable M a r c h é 1896,1897,189
and 1899. O f these certificates there are still outstanding $1,680,000, all of which are due and payable March 4 1899.
R ate of interest is 4 per cent, payable annually March 4.




7

Debts and Resources

ZUKT

NEW

ENGLAND.

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

7 to 10

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

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

R H O D E IS L A N D — State, Cities, «fee.. . .

Pages 31 to 84

VER M O N T— State, Cities, «fee.............................P a g e s 14 to 16

CO NNECTICUT— State, Cities, «fee...........

Pages 34 to 89

State of Maine.
ITS

•

D E B T , R E SO U R C E S, E t c .
Admitted as a State (Act March 3,1820)
March 15,1820
Total area of State (square miles)
33,040
State Capital
—
- ■ Augusta
Governor (term expires 1st W ed . Jan,, 1899), Llewellyn Powers
Secretary of State (term expires *Jan., 1899), - Byron Boyd
Treasurer (term expires *Jan., ’99),
Francis M. Simpson
Legislature meets biennially in odd years on the first Wednes­
day in January, and there is no limit to length of sessions.
* Is chosen by Legislature.
H ISTO RY OF D EBT.—For history of Maine State debt up to
1889, see State and City Supplement of April, 1895, page 9.
The whole State debt matured in June and October, 1889, and alj
that was not paid was refunded into the following loans, payable by
instalments, part eaoh year.
LOANS —
>— Interest.— . ,---------------- Outstand'g.
NAME AND PURPOSE. Bate. Payable.
When Due.
Principal.
Reissue Loan, 1889 “ A.” 3 J <St D 5 June 1, 1898-1901
$132,000
Original, 1864.
ggy $33,000 yearly.
Do
Class “ B.” 3 J &
& tv
D SJune 1, 1902-1911)
®
X $50,000 yearly. \ 500.000
Do
Class “ C.” 3 J & D I June 1, 1912-1921)
500.000
' $50,000 yearly. >
Do
Class “ D.” 3 J «St D ) June 1, 1922-1929)
280.000
i $35,000 yearly. (
Reissue Loan, 1889 “ A.” 3 A & 0 [ Oct. 1,1898 to 1901)
68,000
Original,,1869.
[ $17,000 yearly. J
Do
Class “ B,” 3 A & 0 i Oct. 1,1902 to 1911)
200,000
1 $20,000 yearly. 5
Do
Class “ C.” 3 A & O , Oct. 1,1912 to 1921)
280,000
! $28,000 yearly, f
Do
Class “ D.” 3 A «St O , Oct. 1,1922 to 1929)
24.000
' $3,000 yearly,
Bonds to State College.. 5 J & D
118,300
June 1,1919
Do
do
do
4 J <St J
July 1,1917
100,000
Bond to Insane Hospital. 4 J «St J
July 1,1917
50.000
Loan of 1869, not presented for payment.........................
700
PAR VALUE.—The bonds are chiefly for $1,000 or multiples.
INTEREST is payable at the State Treasury, Augusta, Me.
T O T A L D E B T .—The subjoined statement shows Maine’ s total fund"
ed debt on eaoh of the dates named. On January 1,1898, the total re­
sources of the State amounted to $1,266,591 91.
Jan. 1, 98. Jan. 1, ’ 97. Jan. 1 ,’ 96. Jan. 1 ,’95
Bonded debt..............$2,253,000 $2,303,000 $2,353,000 $2,403,000
Temporary lo a n ...___
200,000
Nil.
Nil.
Nil.
ASS ESS E D V A L U A T IO N . —V aluations are taken only in even years.
The tax rate for 1898 is $2*75 per $1,000.
■------------------Assessed Valuation.------------State tax
Years.
Beal.
Personal.
Total,
per .$1,000
1896.................$257,389,047
$71,111,947
$328,500,994 $2-25
1894................ 249,629,509
74,848,812
324,478,321
2*50
1892................. 236,135,199
78,194,982
314,330,181
2-75
POPULATION OF S T A T E .—The following statement shows the
population by Census periods since 1790:
1890................. 661,086 1850.................583,169 1810.................228,705
1880.............. ;.648,936 1840.................501,793 1800.................151,719
1870................. 626,915 1830.'...............399,455 1790................ 96,540
18 6 0 ................. 628,279 1820.................298,269
DEBT LI IMITATIONS.—Constitutional and statutory limitations
restircting municipal indebtedness have become quite a feature since




Pages 16 to 81

the crisis of 1873. In the States where these limitations are provisions
of the Constitution of course debts contracted in excess of such lim ita­
tion are absolutely void. In Maine the amendment to the Constitution
took effect January 2,1878, and is in the following form and w ords:
“ Article X X II. Limitation of Municipal Indebtedness. No oity or town
**shall create any debt or liability which, singly or in the aggregate,
“ with previous debts or liabilities, shall exceed five per oentum of the
“ last regular valuation of said city or tow n; provided, however, that
“ the adoption of this article shall not be construed as applying to any
“ fund received in trust by the said oity or town, nor to any loan for the
“ purpose o f renewing existing loans, or for war, or to temporary loans
“ to be paid out of money raised by taxation during the year in which
“ they are made.”
SAVINGS BANKS’ IN V E S T M E N T S -P O W E R S AND RESTRIC­
T IO N S .—The provisions regulating the investments and loans o f sav­
ings banks and institutions for savings in the State of Maine are con­
tained in Public Laws 1895, Chapter 161, Publio Laws 1893, Chapter
170, and Revised Statutes, Chapter 47, Sections 102 and 103.
All the provisions referred to above have been compiled by the Com­
missioners of Savings Banks, and we give their compilation below in
full.
Maine Savings banks and institutions for savings are restricted to
and hereafter may invest their deposits in manner following, to wit:
P u b l i c F u n d s .—Aggregate o f Investments Unlimited.—
Publio funds o f the United States.
Public funds o f the District of Columbia.
Public funds of any of the New England States.
Bonds of the cities, counties and towns of any of the New England
States.
Public funds of the States of New York, Pennsylvania, Maryland,
Ohio, Indiana, Kentucky, Michigan, Wisconsin, Minnesota, Iowa, Illi­
nois, Missouri, Kansas and Nebraska.
Bonds of counties of twenty thousand inhabitants or more in said
last-named States, when issued for municipal purposes and which are
a direct obligation on all the taxable property therein, except when
Issued in aid of railroads, provided the net municipal indebtedness of
such county does not exceed five per cent of the last valuation of the
property therein for the assessment of taxes.
For meaning o f “ net municipal indebtedness” o f counties see memo­
randa “ A.”
Bonds of any city of ten thousand inhabitants or more in said lastnamed States, when issued for municipal purposes and which are a
direct obligation on all the taxable property therein, except when issued
in aid of railroads, provided the net municipal indebtedness of such
cities does not exceed five per cent of the last preceding valuation of
the property therein for the assessment of taxes.
For meaning o f “ net municipal indebtedness o f cities” see memo­
randa “ B.”
Bonds of the above-described cities and counties issued to take up at
maturity bonds that were legal and constitutional when issued, p ro ­
viding the interest has been fully paid on the original bonds for at least
five years last prior to such refunding, provided the net municipal in­
debtedness of such cities and'counties does not exceed live per cent of
the last preceding valuation of the property therein for the assessment
of taxes
Bonds and obligations of School District Boards, Boards of Educa­
tion and other corporate bodies within said cities authorized to issue
bonds payable primarily from taxes levied on all the taxable property
in such districts, provided the population of the district is ten thou­
sand or more and the population and assessed valuation of the district
are equal to at least ninety per cent of the population and assessed
valuation of the city itself, provided the net municipal indebtedness
of such district does not exceed five per cent of thelast valuation of
the property therein for the assessment of taxes.
For meaning o f “ net municipal indebtedness o f districts!” see mem­
oranda •*B.”
Bonds of cities and districts in said States having a population of
seventy-flve thousand or more, when issued for municipal purposes
and which are a direct obligation on all the taxable property therein.
R a i l r o a d B o n d s .—Aggregate o f Investments Unlimited.—
Railroad bonds of Maine, but no bonds of street railroads excepting
those already constructed in this State shall be purchased unless an
amount of capital stook equal to thirty-three and one-third per cent o f
the mortgage debt shall have been paid in, in cash, and expended upon
the road, evidenced by a certificate of the Railroad Commissioners, filed
In the office of the Secretary of State, that said percentage has been so
paid in and expended, in addition to the amount of the bonded debt.

8

STATE AW® OfTY SU fflE M E W T ,

First mortgage bonds o f any completed railroad in New Hampshire,
Vermont, Massachusetts, Rhode Island, Connecticut, New York, New
Jersey, Pennsylvania, Maryland, Ohio, Indiana, Kentucky, Michigan,
Wisconsin, Minnesota, Iowa, Illinois, Missouri, Kansas and Nebraska;
but no bonds of street railroads shall be purchased unless an amount
of capital stock equal to thirty-three and one-third per cent o f the
mortgage debt shall have been paid in, in cash, and expended upon
the road, evidenced by a certificate of the railroad commissioners of
the State where the road is located, filed in the office of the Secretary
of State of Maine, that said percentage has been so paid in and ex­
pended, in addition to the amount of the bonded debt.
First mortgage bonds of the Central Pacific, Union Pacific and
Northern Pacific railroads.
Mortgage bonds of any railroad leased to any dividend-paying rail­
road in New England, upon terms guaranteeing the payment of a reg­
ular stated dividend upon the stock of such leased road and the inter­
est on its bonds.
W a t e r "B on d s.—Aggregate o f Investments Unlimited.—
Mortgage bonds of any water company in this State and New Hamp­
shire actually engaged in supplying to any city or cities, town or
towns, village or villages, or other municipal corporations, water for
domestic use and for the extinguishment of fires, whenever such comiany is earning more than its fixed charges, interest on its debts and
ts running expenses.
C o r p o r a t io n B o n d « .—Aggregate o f Investments Unlimited.
Bonds of any corporation (other than railroads and water compa­
nies) incorporated under authority of this State, which earns and is
paying regular dividends of not less than five per 09nt a year.
B a n k M o c k .—Aggregate o f Investments Unlimited.—
Stock of any bank or banking association incorporated under au­
thority of this State.
Holdings o f the capital stock o f any one hank limited. See mem­
oranda ' » * ’
Stock of any bank or banking association incorporated under au­
thority of the United States, if located within the New England States.
Holdings o f the capital stock o f any one hank limited. See mem­
oranda “ E.”
R a i l r o a d S t o c k .—Aggregate o f Investments Unlimited.—
Stock o f any railroad in Maine unencumbered by mortgage.
Holdings o f the capital stock o f any one corporation limited. See
memoranda “ E.”
Stock of any dividend-paying railroad in New England.
Holdings o f the capital stock o f any one corporation limited. See
memoranda “ E.”
Stock of any railroad leased to any dividend-paying railroad in New
England, upon terms guaranteeing the payment o f a regular stated
dividend upon the stock of such leased road and the interest on its
bonds.
Holdings o f the capital stock o f any one corporation limited. See
memoranda “ E
C o r p o r a t io n S t o c k .—Aggregate o f Investments Unlimited.
Stocks o f any corporation (other than railroads and water compa­
nies) incorporated under authority of this State, which earns and is
paying regular dividends of not less than five per cent a year.
Holdings o f the capital stock o f any one corporation limited. See
memorandd “ E.”
R e a l E s ta te I n v e s t m e n t .—Not Exceeding Five Per Cent o f De­
posits.—"Real Estate in the city or town in which such bank or institu­
tion is located.
R e a l E s ta te F o r e c l o s u r e .—Holdings Acquired by Foreclosure,
<tc., Unlimited.—Real estate acquired by foreclosure of mortgage
thereon or upon judgment for debts or in settlements to secure debts.
L o a n s o n R e a l E s t a t e .—Not Exceeding Fifty Per Cent o f Deposits.
—First mortgages of real estate in this State and New Hampshire to
an amount not exceeding sin ty per cent o f its value.
L o a n s o n C o lla t e r a l.—Aggregate o f Investments Unlimited.
Notes with a pledge as collateral of any public funds or bonds of any
kind the bank or institution would b y this statute be authorized to
purchase.
Notes with a pledge as collateral o f any stocks the bank or institu­
tion would by this statute be authorized to purchase.
Holdings o f the capital slock o f any one corporation limited. See
memoranda “ E.”
L o a n s o n D e p o s it B o o k s . —Aggregate o f Investments Unlimited.
—Notes with a pledge as collateral of any savings bank-deposit book
or books of any savings bank in this State.
L o a n s o n R a i l r o a d S tocK .—Aggregate o f Investmeats Unlim­
ited.—Notes with a pledge as collateral of the stock o f any railroad or
railroads mentioned in this sectx n , but not over seventy-five per cent
o f the market value of such stoex.
Holdings o f the capital stock o f any one corporation limited. See
memoranda “ E.”
L o a n s t o M u n lc ip a lit ie s .—Aggregate o f Investments Unlimited.
—To any county, city or to wn in this State.
L o a n s o n O th e r P e r s o n a l P r o p e r t y .—Aggregate Unlimited.—
Notes secured by a pledge or mortgage of such other personal prop­
erty as, in the judgment o f the trustees, it is safe and for the interest
of the bank to accept.
L o a n s t o C o r p o r a t i o n s i n M a in e .—Aggregate Unlimited.—To
any corporation having real estate and doing business in this State.
D e p o s it s I n B a n k s .—Aggregate Unlimited.—May deposit on call
In banks or banking associations incorporated under authority of this
State or the laws of the United States and receive interest thereon.

i

MEMORANDA.
A.
From Chapter 161, Public Laws 1895.
. . . . . — .The term net municipal indebtedness of countiep, as used
in this section, shall be construed to include all bonds which are a
direct obligation o f the county, less the amount of any sinking fund
available in the reduction o f such debt.
B.
....... - — The term net municipal indebtedness of cities and districts
as used in this section, shall be construed to include in the case oi?
either not only all bonds which are a direct obligation of the cities but
also all bonds of the districts or boards within the same, as above
enumerated, exclusive o f any such debt created for a water sup dIv
and of the amount of any sinking fund available in the reduction of
such debt.
0.
...............The number of inhabitants of cities and counties shall be
determined by the last previous official census thereof, as established
b y the United States or State census or city or county census taken in
the same manner as United States or State census and duly certified
to by the clerk or treasurer of such city or the auditor or treasurer of
such county.
D.
...............A11investments shall be charged and entered on the books
o f the bank at their cost to the bank or at par when a premium is paid
B.
From Chapter 47, Section 102, Revised Statutes.
No such bank or institution shall hold by way of investment or as se­
curity for loans, or both, more than one-fifth of the capital stock of
any corporation, nor invest more than ten per cent of its deposits not
exceeding sixty thousand dollars, in the capital stock of any corpora­
tion.
F. '
From Chapter 165, Public Laws, 1889.
The trustees shall see to the proper investment of deposits and funds
o f the corporation in the manner hereinbefore prescribed.




Vol. L X V II

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

Cities , Counties

and

T owns

IN THE

STATE

OJF M A IN E .

Note.—For places not given in alphabetical order among the fol *
lowing, see “ Additiopgl Statements ” at end o f this State.

A R O O ST O O K

C O .- - L . 0 . L ud w ig , Treas.

County seat is Houlton.
LOANS—
When Due.
B uilding J ail 48, Aug., $30,000.......Aug. 1,1909
Sutyect to call after Aug. 1,1899
Court H ouse—
4s, J&D, $40,000.......June 1,1915
R ailroad A id (B. & A. RR.).
4JfiS, M&S, $440,000.. Sept. 1,1912
4^28, J&J, 173,000..July 1,1915
Bonded debt Aug. 1, ’ 98. .$683,000

Floating debt....................... $24,000
Total debt Aug. 1 ,1 8 9 8 .. 707,000
Sinking fund.......... ........... 727,000
Net debt Aug. 1,1898......... 84,00 a
Interest is payable in Boston.
Tax valuation 1897... 17,026,768
Assessment about ^ actual value.
Tax rate (per $1,000) 1897..$3-55
Population in 1890 was.......49,589
Population 1897 (local est.) .60,000

A T T R T T B X T__ $N. W. HARRIS, Mayor.
A U 1JU 1 _
l E. Gk. EVELETH, Treasurer.
Auburn is in Androscoggin County.
When Due.
City B onds- Dont’d.
LOAN SCity B onds—
4 s ... ...$13,000. ........ July 1,1910
4s. .......$15,000.... ...J u ly 1,1917 4 s ... . . . 13,000. ........ July 1,1911
4s. ....... 15,000.... ...J u ly 1,1900 4 s ... . . . 4,000. ........ Jan. 1,1912
4s. ....... 1 5,000.... ...J an . 1,1902 4 s ... . . . 7,000. ........ July 1,1912
4 s ... . . . 16,000.
4s. ....... 25,000....
4s. ....... 2 3 ,500.... ...J u ly 1,1904 4 s... .. . 14.500.
City Water B onds—
4s. ....... 1 5,000.... ...J u ly 1,1905
4s. ....... 1 8,000.... ...J u ly 1,1906 OS... ...$58,700 ........ July 1,1 90 5
...J
u
ly
1,1907
4
s
... . . . 30,000. ........ May 20,1913
.......
1
0,000....
4s.
4s. ....... 14,000.... ...J u ly 1,1909
T O T A L DEBT, ETC.— Auburn’ s total bonded debt Feb. 1 ,1 8 9 8 ,
not including the water debt, was $218,000; temporary loan not in ­
cluded, $117,000; city water debt, $88,700; Water Commissionersr
bonds outstanding,$226,000; value of water works owned by the city,
$500,000.
ASSESSED V AL U A T IO N .—In 1897 the assessed valuation o f real
estate and personal property was $6,315,670; in 1892 it was $6,287,
460. Tax rate (per $1,000) for 1897 was $23.
POPULATION.—In 1897 the population was about 12,000; in 1890
it was 11,253; in 1880 it was 9,556; in 1870 it was 6,166.
* ttpttct A
> SAM’ L W. LANE, Auditor.
A U u U o l AV— l L. A. PURLEIGH, Clerk.
This city is in Kennebec County.
LOANSWhen Due. Bonded debt 1 8 9 7 ....... $279,597
F unding B onds—
Assessed valuation, real.4,543,824
6s, J&J, $74,500.......... 1898-1905 Ass’ d valuat’n, personal.1,731,412
R efunding B onds—
Total valuation 1 8 9 7 .... 6,275,230
5s,F&A, $ 9 ,0 0 0 ....Feb. 15,1902 Tax rate (per M.) 1897...... $20-60
4s, J&J,
6,000.......July 1,1900 Population 1890................. 10,527
4s, F&A, 182,500...... Feb., ’97-’ 17
INTEREST and principal of all the 4 per cents payable at the
Maverick National Bank of Boston, and of other bonds at City Treasury.
B A N G O R __ 5F- ° - BEAL, Mayor.
D r tiN u w ii.
(H . O. PIERCE, Treasurer.
Bangor (City) is in Penobscot County.
LOANS<— Interest.— > ,-------------Principal.----------- ,
NAME AND PURPOSE.
P. Ct. Payable.
When Due. Outstand'g.
City debt “ A” 1892............... 4 M & N
Nov. 2,1912
$50,000
do
“ X ” 1894............... 4
M &N
Nov. 1,1914
100,000
July 1,1905
500,000
Water loan, “ L,” 1875.......... 6 J & J
Trust funds..................................................................................
206,476
Railroad loans, secured to city by first mortgages—
Bangor & Piscataquis R R ... 7 A & O
Apr. 1,1899
325,000
do
do
... 6
A & O
Apr. 1,1899
600,000
PAR VALUE OF BONDS.—The water bonds and the Bangor &
Piscataquis RR. bonds are for $500 and multiples; others, $1,000.
T A X EXEM PT.—The bonds of this city are not taxed.
INTEREST is payable either at the Merchants’ National Bank in
Boston or by the City Treasurer in Bangor.
T O T A L DEBT» SINKING FUND. Et c .—The subjoined statement
shows Bangor’s total debt, the sinking fund, etc.
.
Mch. 1,1898. Mar. 1,1897.
Total direct liabilities (including water debt). $914,476
$873 900
Railroad aid bonds, contingent liability..........
925,000
925,000
Total debt..................................... - ......... -....$1,839,476
Sinking fund, etc................................................. 1,462,906
Netdebt.........................................................

$376,570

$1,798,900
1,483,721
$315,185

October, 1898.

*

9

5 C. E. SWAIN, Mayor.
Xch. 1, ’98.
Mch. 1,’97.
( GEORGE DOWNES, Treasurer.
Cash and uncollected claims (inol’ed in assets) $155,026
$155,026 C A L A I S . This
city
is
in
Washington
County
Water debt, included in above t o t a l .............
500,000
500,000
When Due. ' Total debt............ ............ $147,000
L O A N S - ___ __
Floating debt, included in above total............
58,000
17,500
30,000
Sinking fund....................
L
oans of 1883, ’90 & ’ 91—
ASSESSED VALUATION.—Bangor’s assessed valuation (about 4-5 4s, J&D, $1,000.......... Part yearly Net debt Jan. 1,1898 .. 117,000
actual value) end tax rate have been as follow s:
4s, F&A, 9,000.........Aug. 1,1900 Tax valuation 1897.........2,934,400
Real
Personal
Total
Rate o f Tax 4s, J&D, 101,000..................... 1911 Assessment about \ actual value.
Tears.
Estate
Property.
Valuation per $1,000.
Optional after 1901
Tax rate in ’95 (per $1,000).$18*50
1897............. ..$9,755,795
$4,201,201
$13,956,996
$19.00
4s, J&J, $10,000.........July 1,1915 Population in 1890 was........ 7,290
1896............... 9 504,233
4,157,225
13,661,458
27 50
Bonded debt Jan. 1 ,’98.. $121,000 Population in 1880 was........ 6,173
4,265,255
13,483,157
21*50
1895................ 9,217,902
Floating d e b t................
26,000 Population in 1898 (estim’ d).8,000
1890................ 7,151,830
3,158,288
10,310,118
......... INTEREST on the loans due in 1900 and 1911 is payable at the
1887................ 6,771,048
2,858,872
9,629,920
22*50
Globe National Bank of B oston; other interest in Calais.
POPULATION I n 1890 the population was 19,103 ; in l8 8 0 itw a s
16,856; in 1870 it was 18,289; in 1897 it was estimated at 23,000.
C A M D E N . — This town is in K nox County. Bonds tax free.
Town debt 1898............... $36,960 Tax rate (per $1,000) ’98...$18*00
JOSEPH TORREY, Mayor.
Tax
valuation 1897........ 1,587,738 Population in 1890 w as........ 4,621
B A T H .— \ O. C. ROGERS, Treasurer.
Assessment at full value.
Population in 1898 (est.).......3,200
Bath is a shire town of Sagadahoc County..
The lease of the Knox & Lincoln RR. in September, 1890, brought the
5
A.
F.
MOULTON,
Mayor.
City of Bath $486,000 of 4 per cent bonds and $74,820 in cash.
D E E R I N G , ( L. FRANK JONES, Treasurer.
Interest.-----.
-Principal.This
city
is
in
Cumberland
County.
LOANSWhen Due.
Outstand'g.
LOANS —
When Due.
NAME AND PURPOSE. P. Ot. Payable.
Assessed val., personal. $644,482
July 1,1907
$ 100,000
I mprovement BondsMunicipal bonds............ 4*3 - fe J
Total valuation, 1898.. 4,726,002
J June 1,1921 )
Dec.
1,1915
48,
J&D,
$15,000___
Tax
rate (per$1,000) 1898..20*00
do
refunding. 4
374,200 Bond, debt Feb. 14,*97. $94,975
( Opt. 1901-’ 115
Population 1890..................... 5,353
1908-1978
14,000 Assessed val’tion, real. 4,081,520
Old Ladies’ Home.......... 6
Railroad Aid Bonds—
J & J
July 1,1899
15,750
Knox & Lincoln R R .. 6
E L L S W O R T H . — T homas E . H ale , Clerk.
F & A
Feb. 1,1902
138,500
do
do
6
This city is in Hancock County.
INTEREST on all the bonds is payable in Boston with the exception
LOANS —
When Due. Total debt Jan. 1 ,1 89 8 .. $82,656*
of the interest on the Old Ladies’ Home issue, which is payable in Bath.
War D ebtUncollected taxes & cash. 24,144
T O T A L DEBT, SINKING FUND, ElC. -The subjoined statement 48, . . . . $28,000........June 1,1917 Total valuation 1897.......1,772,845
shows Bath’s total municipal debt, and the assets held by the city 4s........ 13,300...........June 1,1907 Tax rate (per $1,000) ’97...$26*00
against the same, on each o f the dates mentioned.
4 s ,------ 17,000.........June 1,1912 Population in 1890 w as........ 4,804
Feb. 1, ’98. Feb. 1, ’97. Jan. 1. ’96. Mar. 1, ’95.
$856,350
$864,600
$876,850 M A T T 0 \ A 7 T T T T
Bonded debt............. $776,100
5 g . A. SAFFORD, Mayor.
Floating debt............. 20,000
10,000
...................................
v v -E-J-'J-i.— ¿ C. K. TILDEN, Treasurer.
When Due Total debt Jan. 1,1898.. $70,000
LOANSTotal debt............ $796,100
$866,350
$864,600
$876,850
School B ondsSinking fund...................
560
Assets (see below )__ 376,800
452,800
460,800
472,800
48, M&N, $5,000........ Nov. 1,1903 Net debt Jan. 1,1898___
69,440
($1,000 due yearly) to Nov. 1,1907 Tax valuation 1897.........1,522,261
Net debt................ $419,300
$413,550
$403,800
$404,050 4 s , ........ $20,000........ May 2,1918 Assessment same as actual value.
R efunding 1893—
The assets as above given included on Feb. 1,1898, bonds received
Total tax (per $1,000)......... $17*00
from the Penobscot Shore Line RR. Co. for lease of Knox & Lincoln RR. 4s, M&N, $15,OOO.Nov., 1908 to ’22 Population 1890 was..............3,181
Water B onds—
and held for the redemption of the Knox & Lincoln bonds outstanding,
Population 1898 (est.)............3,500
$372,000, and bonds and scrip of the Bath Gas & Electric Company to 4s, J&J, g., $50,000...Jan. 1, 1918
The city owns property valued at $50,000.
the amount of $4,800. The value of city property not included in the
foregoing statement of assets is over $150,000.
INTEREST on the $5,000 4 per cent school bonds and refunding
is payable in Boston and Hallowell: on the $20,000 school
ASSESSED VALUATION.—The city’s assessed valuation and tax bonds
bonds, in Portland; on all others, in Hallowell.
rate in 1880 and later years have been as follows:
,---------------- Assessed Valuation.---------------- .
Total Tax
Years.
Real.
Personal.
Total.
per $1,000. H O U L T O N . — T hos. P. P utnam , Chrm. Selectmen.
18 9 7 ............... $3,503,010
$2,376,340
$5,879,350
$22*50
This town is in Aroostook County
2,656,855
6,114,475
21*50
1 8 9 6 .............. 3,457,620
LOANS —
When Due. Total debt Feb. 1,1898....$71,500
1 8 9 0 .......... ...2 ,9 2 5 ,7 7 0
3,102,594
6,028,364
23*50
School and RR. B onds—
Sinking fund, cash, etc___ 20,000
3,881,469
6,575,216
25*00
1880................ 2,693,750
4s, J&D, $40,000___Dec. 15,1910 Net debt Feb. 1,1898........ 51,000
POPULATION.—In 1890 was 8,723 ; in 1880 it was 7,874.
Subject to call at any time.
Assessed valuation, real. 1,479,324
School , Bridges , T own Imp . Bds . Assess’d valuat’u, pers’l. 778‘ 646
4s, A&O, $20,000.......Apr. 1,1917 Total valuation 1897___2,257,970
R efunding B ondsT3TTT XT' A C T
5 JOHN M. FLETCHER, Mayor.
Assessm’t abo’t75 p.c.actttal value.
VSVLL-.r A A t5 1 .— ) JAMES PATTEE, Treasurer.
48, A&O, $10,000........Oct. 1,1918 Tax rate (per $1,000) ’ 97...$20*00
Belfast is in Waldo County.
Bonded debt Feb. 1,1898.$60,000 Population in 1890 was. . . 4,015
LOANSWhen Due. Total debt Mar. 7,1898...$611,700 Floating debt..*................. 11,500 Population 1898 (estimated)'.5,300
Tax valuation 189 7..... $2,869,386
R efunding B onds48. M&N, $113,000...Nov. 1,1925
Assessment about actual value.
E W I S T O N . — Chas . C. B enson , Treasurer.
Subject to call after Nov. 1,1905 Total tax (per $1,000) ’97..$19*50 LLewiston
is in Androscoggin County.
R efunding B ondsPopulation 1890.....................5,294
i * I.,«
When Due.
~
LOANS—
R ailroad A id B onds—
48, F&A, $498,000..Aug. 15,1918 Population 1895.................... 5,300
Citt B ondsJ&J, $100,000......... July, 1913
Belfast owns $500,000 of Belfast & Moosehead Railroad stock, of 68, J&J, $185,000.. .July 1,1901 4s,
4s,
J&J, 100,000 ........ July, 1923
which 1,396 shares were preferred and 3,604 common.
4*28, J&J, 51,000... Jan. 1,1899 Bonded debt Mar. 1, ’ 98 $990,000
4s, J&J, 100,000... Jan. 1,1913 Floating debt................
INTEREST on the bonds is payable at Belfast and at the Firs
220,750
R efunding B ondsNational Bank, Boston, Mass.
c*
Total debt..................... 1,210 750
48, J&J, $ 8 0 ,0 0 0 ......July 1,1924 Sinking fund.................
226*474
W ater B ondsTax valuation 1 8 9 8 .... 12,450,566
58, A&O, $174,000
Oct. 1,1907 Assessm’t abt. 75 p.o. actual value.
B E T H E L , . — J. Y . P urington , Treasurer.
5s, A&O, 200,000
Oct. 1,1917 Tax rate (per $1,000) ’98...$22*00
Refund’g 4s, A&O, 100,000.. 1927 Population in 1890 w a s ....21,701
This town is in Oxford County.
iM T C r i C f ( T )
.. . _ ,
Population ’98 (estimated)..24,000
LOANS —
When Due. Assessed valuation, real.$621,867
INTEREST is payable in Boston at the National Bank of Commerce
4s, J&J, $30,000............ 1903-1932 Assessed valuation, per’l. 197,837
The city property, valued at $1,419,739, includes stock o f theLewis($1,000 yearly on Jan. 1.)
Total valuation 1 8 9 7 ..... 819,704 ton
& Auburn Branch Railroad to the amount of $225,000 and the
Bonded debt Jan. 1,1898.$30,000
Assessed at about full value.
x e
Floating debt..................... 5,760 Tax rate (per $1,000) 1897.$14 00 water works, valued at $595,934. Bonds are not taxed.
Total debt Jan. 1,1898___ 35,760 Population in 1890 w as.......2,209
Sinking fund assets............ 12,000 Population in 1897 (est.)....2,200 TYTO F? Y A / A
5 H. J. BANGS, Treasurer.
Net debt Jan. 1,1898........ 23,760
r ^ T lr t W A Y *— cC. G. MASON, Clerk.
This town is in Oxford County.
LOANS —
When Due. Float, debt and acc’d int $5.791
1 3 I D D E F O R . D . — Oh as . A. M oody , Treasurer.
R efunding B onds—
Total debt Feb. 1 ,1 8 9 8 .. 21,291
41«s, J&J, $10,000.......part yearly Assessed valuation, real. 879,806
This city is in Y ors County.
Schools—
LOANSWhen Due. Past maturity............
$500 4s,'F&A, $5,500, part y’ly aft. 1899 Assess’d valuat’n, pers’l. 236 261
4 ^ s , ........ , $25,000..May 1, 1900 Bonded debtFeb. 1,1898 240,500 Interest payable atNorwayNat.Bk. Total valuation 1897. 1,116 067
4s, ........ . 25,000..July l, 1901 Floating debt.................. 213, »00 Bonded debt Feb. 1,1898 $15,500 Tax rate (per $1,000) ’97...$15*50
Population m 1890 w as.... . 2 665
4s,
, 5O,O0O..Mayl5, 1904 Total debt Feb. 1 ,1898.. 454,300
4s,
, 50,000..May 1, 1905 Total valuation 1897... .7,006,464
4s,
, 10,000.. Sept. 1, 1906 Assessment abt. 60% actual value. O T T l T D W M
5 EDGAR B. WEEKS, Mayor.
4s,
, 10,000..July 1, 1907 Tax rate (per$l,000) 1897. .$27 04
t\Zs? i t y T s ^ ^ o b s c ^ l Ju ° ^ PH L‘ S- H IN 6K S,treasurer.
4s,
, 25,000..May 1, 1915 Population in 1890 was...... 19,443
R efunding Bonds—
4s,
45,COO..July 1,1917 Population in 1897 (est.).. .16,000
Tax valuation, real.......$1,269,54S
4 s , ........ $14,500........ July l 1918 Tax
pers’l . ..
89.76Í
Bonded debt Apr. 1, ’ 98. $60,600 Totalvaluation,
valuation 1 897... 1,359 311
B R U N S W I C K . — J. P. W inchell , Treasurer.
17 7 7 s Tax rate
Floating debt..................
(per $1,000) ’97...$29*00
Total debt. Apr. 1,1898.
78,378 Population
This town is in Cumberland County.
in 1890 was.........5,315
LOANS —
When Due. Various loans.................. $26,162
B ridge B onds—
Town debt Feb. 1,1898 .
83,662
May°r*
4s, M&N,$ 5 0 0 ......................... 1899 Total valuation 1897... 3,378,708 P O R T L A N D . — I george h
Portland (Citv) is in CumbS-fand C ?u?ty BBY’ Trea^urer*
T own H all B ondsAssessment about actual value. 48, J&J, $25,000............ 1899-1923 Tax rate (per $1,000) 1897. .$16*00
School B onds—
Population 1890.....................6,012
4s, J&J, $30,000............. 1899-1928
INTEREST on the bridge bonds is payable in Brunswick and on the aids the cityconsiderabiy in meeting’ ife in te r e s t c ^ r g e ;
8 re” tal
town nail and school bonds in Boston.
I , . » N®
>----Interest.— , ,---------Princinat

B U C K S P O R T .— This town is in Hancock County.
LOANS —

When Due. Tax valuation 1897........ $899,426
R efunding RR. B ondsTotal tax (per $1,000) ’97 ..$27*20
48, J&J, $107,900..........1897-1933 Population in 1890 was........ 2,921
Town debt 1897.............$128,100
Population in 1880 was........ 3,047
A certain amount of the above bonds becomes due each year from
July 1,1897, to July 1,1903, after which date the bonds are payable
at the pleasure of the town until July 1,1933.
INTEREST is payable at Boston, Mass., and at Buoksport.




f^

4

^

ur.p.0SE;.....

Funding, 1887.............

m

* J1- »

“ "¿X i " I S }S& }.* JSli

..................... i: a n

do g *
......................... *■g M & S Mot. 1 , 1905
Trustfund8!.8 ; ; ; ; ; ; ; ; ; : ; ; ; ; ; ; 48t 6s
July h 1912
Bonds matured, not presented for payment....................... ’ I
Temporary loan.................................................. Nov. 1, 1898

g$75,000
727,000
g64,000
48,000

1,200,000

g l 00,000
-g450,000
4,500
300 000

10

STAT £ AND CITY SU fftE W E N T .

Vol. L X Y II

IN T E R E ST on all the issues except tlie registered bonds is pay­
A D D IT IO N A L S T A T E M E N T S .
a b le in Boston at the National Bank of Redemption and at the Mer­
chants’ National Bank in Portland.
In the table following we give statistics regarding all minor civil
T O T A L DEBT, SINKING FUND, E TC.— The subjoined statement divisions in the State of Maine which have an indebtedness of over
$10,000, and which are not represented among the foregoing detailed
«how s Portland’ s total bonded debt and the sinking fund, etc.
reports. We also give the population according to the Census of 1890.
Feb 1, '98.
Feb. 1, ’ 97.
Feb. 1, ’ 96
Total Assessed
Tax
Popu
T ota l debt..................................... $2,716,383
$2,724,550 $2,724,550
Debt.
Valuation. Rate, latton
«in k in g fund and trust funds.. 1,499,590
1,464,948
1,429,543
Towns—
$
$
$
1890.
329,299 11-00
1,042
Net debt...............................$1,216,793
$1,259,602 $1,295,007 Albion, Kennebec Co....................... 10,000
Anson, Somerset Co........................ 82,883
578,370 30-00
1,444
AVAILABLE ASSETS. —The city’s available assets, amounting to Benton, Kennebec Co..................... 13,130
380,468
16-60 1,136
$1,464,948. include gas company stock, $170,000 and Portland & Og- Berwick, York Co............................. 16,500
931,912
16-40 2,294
¿ensburg Railway stock, $1,178,055.
Boothbay Harbor, Lincoln Co___ 41,466
727,746
18-00 1,699
Bremen,
Lincoln
Co........................
17,334
136,326
25-00
719
ASSESSED VALU A TIO N . —The city’ s assessed valuation (about 80
p e r cent of cash value) and the tax rate for a series of years have b e e n : Brewer, Penobscot Co..................... 39,060 1,449,435
21-50 4,193
11-90 2,605
Real
Personal
Total Rate o f Tax Bridgton, Cumberland C o ............ 21,800 1,262,672
188,845
20-00
846
Tears.
Estate.
Property.
Valuation, per $1,000. Burnham, Waldo Co........................ 17,736
398,860
23-00 1,303
1898...................$26,448,850
$12,659,700
$39,108,550
$21-00 Canton, Oxford Co.......................... 41,434
Caribou,
Aroostook
Co...................
33,250
1,268,377
22-00
4,087
189 7 ................... 26,182,075
13,130,186
39,312,261
20-80
462,175
19-20
3,423
1896................ 25,453,800
12,347,400
37,801.200
20 00 China, Kennebec Co....................... 15,000
690,470
16-00 1,487
1 8 9 5 ................. 24,974,900
12,232,125
37,207,025
20-00 Cumberland, Cumberland Co....... 21,677
71,437
60-00
662
12,427,590
35,611,990
19*70 Cutler, Washington C o.....’ ............ 10,110
1 8 9 0 .................. 23,184,400
410,181 20 00
1,012
1 8 8 8 ................ 22,120,000
11,952,405
32,702,405
2 0 0 0 Damariscotta, Lincoln Co.............. 34,224
Dixfleld, Oxford C o ........................ 12,500
288,345
23-00
988
PO PU LATIO N .—In 1890 was 36,425; in 1898 (estimated), 45,000. Eastport, Washington Co.............. 47,362 1,636,720
21-50 4,908
Eden, Hancock C o ......................... 54,3“/6 3,132,006
28-00 1,946
Fairfield,
Somerset
Co.....................
40,846
1,248,645
15-00
3,510
T A "NTlS
5 ALBERT W. BUTLER, Mayor.
r l U L i v L A i N l-J. £ E. A. JONES, Treasurer.
13-60
3,207
Farmington, Franklin Co............... 11,000 1,825,788
780,955
13 00
1,418
This city is in K nox County. Bonds of this city are not taxed. Bonds Fryeburg, Oxford Co....................... 16,000
Gardiner, Kennebec Co.................. 77,500 3,440,575
27-00
5,491
w ill hereafter be issued for refunding only.
Georgetown, Sagadahoc Co.......... 19,229
191,420
25-00
849
LOANS—
When Due.
LOANS—
When Due. Hartland, Somerset Co................... 19,363
381,445
17-00
974
City B onds—
K nox & L incoln RR. L oanYork Co............................... 21,232
371,566
20-00 1,278
4s, J&J, $45,000.. .July 1,1900 68, J&J, $2,500 ........ July 1,1899 Hollis,
Penobscot Co................ 15,392
218,737
26-00
171
-As, J&J,
54,100... July 1,1911 6s, F&A, 35,100.......Feb. 1,1902 Howland.
Kennebunk, York Co..................... 41,209 1,953,105
16 00 3,172
Optional at any time.
Interest is payable in Rockland. Kennebunkport, York Co.............. 20,100 1,170,540
13-30
2,196
•4s, overdue,$10,250, not presented Bonded debt Feb.14,’98 $409,550 Lisbon, Androscoggin Co............... 13,364 1,839,167
15-70 3,120
3iflS,J&J,
18,300...July 1,1901 Floating debt...........
111,138 Mechanic Falls, Androscoggin Co. 13,625
840,834
20-00
1,283
■
----27,600... July 1,1903 Total debt Feb. 14,1898
J&J,
520,688 Milbridge. Washington Co............. 10,800
377,029
24-50
1,963
12.400.. .July 1,1904 Resources......................
3%9, J&J,
145,656 Monson, Piscataquis Co................ 10,569
217,815
25-60 1,237
14.400.. . July 1,1905Net debt Feb., 1 8 9 8 ....
31*3, J&J,
375,032 Mount Desert, Hancock Co.......... 15,000
729,601
20-00 1,355
24.100.. . July 1,1906Tax valuation 1898___ 4,891,136 New
3*38, J&J,
371,034
19-00
1,064
Sharon, Franklin Co........... 13,382
S^fiS, J&J,
13.000. .. July 1,1907 Taxrate (per$l,000)’98
22-00 Norridgewock, Somerset Co.......... 51,780
542,485
22-00
1,656
28.000. .. July 1,1908 Assess’t less than actual value.
8*38, J&J,
790,855
16-00
2,044
Oakland, Kennebec Co................... 10,500
2 1.500.. . July 1,1909 Tax valuation 1886___ 3,788,780 Old Orchard, York Co................... 12,900
.3438, J&J,
641,265
22-10
877
25.000. .. July 1,1910 Population in 1890 w as......8 ,1 7 4 Orono, Penobscot Co...................... 24,231
3*38, J&J,
576,532
31-00
2,790
13.000. .. July 1,1912
3*28, J&J,
Paris, Oxford Co............................. 16,927 1,189,540
16-50 3,156
■3328, J&J,
16.800.. . July 1,1915
466,581
19-50 1,394
Phillips, Franklin Co..................... 12,492
AVAILABLE A SS E T S.—The city’ s total assets, as given above, for Phippsburg, Sagadahoc C o........ . 18,888
357,753
23-50 1,396
■February. 1898, included Penobscot Shore Line Railroad 1st mortgage Pittsfield, Somerset Co................... 20,461
964,230
20-80 2,503
4 per cent bonds, due August, 1921, to the amount of $92,000, but the Poland, Androscoggin Co............... 13,506
721,600
17-50 2,472
«m ou n t has since been reduced to $41,000 through the redemption o f Presque Isle, Aroostook Co.......... 41,000 1,210,000
21*00 3,046
bond issues maturing in 1898.
Richmond, Sagadahoc Co.............. 14,000 1,109,767
19-50 3,082
Rockport, Knox Co.......................... 14,950 1,064,719
18-50 1,484
847,851
15-70 1,794
Scarborough, Cumberland C o ___ 16,452
R U M F O R D . — F . B. M ar tin , Treasurer.
Skowhegan, Somerset Co................ 35,648 3,180,193
15-70 5,068
Somerville,
Lincoln
Co...................
15,480
73,636
22-00
453
This town is in Oxford County.
South Portland, Cumberland Co.. 62,000 1,891,199
22-00
......
LOANS—
When Due. Assessed valuation, p’l.. $130,808 Topsham,
Sagadahoc Co............... 13,404
820,889
17-00 1,394
4 s, ......,$ 1 3 ,0 0 0 ................. 1907 Total valuation 1897 ... 1,025,033
19,731
651,748
22-00
2,016
Turner,
Androscoggin
Co............
4s, . . . . . . .
7,000......... 1899-1904
Assessed at actual value.
K nox Co............................. 28,000
502,317. 16-20
1,436
^Bonded debt Feb. 1, '98...$20,000 Total tax rate (per M.) ’ 97
$18 Union,
Kennebec Co............... 17,187
911,699
12-70 2,052
¡Floating debt........................15,000 Population in 1890 w as...
898 Yassalboro,
595,945
24-50 2,617
Vinalhaven, Knox Co..................... 13,000
Total d$bt Feb. 1,1898....... 35,000 Population 1898 (e st.).... 4,000 Waldoborough,
Lincoln Co............ 46,131
894,301
17-50 3,505
.Assessed valuation, real..894,225
Windham, Cumberland Co........ 12,106
859,038
15-00 2,098
Wiscasset, Lincoln Co..................... 25,000
460,959
23*50 1,733
Woodland, Aroostook Co............... 17,000
144,835
27-00 8,857
S A G O . — F. B. W ig g in , Treasurer.
Yarmouth, Cumberland Co.......... 43,000
1,179,170
15-80 2,098
This city is in York County. The bonds of this city are not taxed.
York, York Co...............................
22,199 1,505,360
18-00 2,444
LOANS—
When Due.
Sidew alk B onds—
«General E xpense —
4s, M&S, $5,000........................1899
4s, J&J, $16,000..................... 1901
Interest is paid in Boston.
R efunding B onds—
Notes.................................... $40,950
.4s, J&J, $25,000 ......................1907 Total debt Feb. 1,1898. . 151,950
4s, J&J, 30,000......................1917 Tax valuation 1897.........3,908,784
Sew er B onds—
Assess’t about 23 actual value.
.4s, J&J, $20,000...................... 1900 Tax rate (per $1,000) 1897.$20-00
ITS
,4s, J&J, 15,000......................1909 Population in 1890 w a s ......6,075
Population in 1896 (est.).......6,500
D E B T , R E SO U R C ES, E tc.

New Hampshire.

" T H O M A S T O N . — E d w . 0 . B. B u r g e s s , Treas.
This town is in K nox County.
LOANS—
When Due.
■ R efunding B onds—
4 s , J&J. $28,000...............Optional
Interest is payable in Boston and
Thomaston.

W A S H IN G T O N

Treasurer.

Total debt Mar. 25,1898. $28,000
Tax valuation 1897......... 1,225,132
Tax rate (per $1,000) ’97...$19-20
Population in 1890 was........ 3,009
Population in 1880 w as..,...3 ,0 1 7

C O . — A ustin

H arris , Oo.
.’

County seats are Machias and Calais. The county has voted $500,000
■In aid o f the Washington County Railroad, and the first county bonds
<fo r this purpose were issued in February, 1896.
LOANS—
When Due. I Tax valuation 1897.. .$13,381,603
W ash . Co . RR. B onds—
|Tax rate (per $1,000) '97
$2-25
4 s , J&J, $25,000........Jan. 1, 1916 I Population in 1890 was. j. . 44,482
4 s , J&J. 275,000....... Jan. 1,1928 I Population in 1880 w a s....44,484
^(Subject to call after Jan. 1,1923) I Population in 1897 (est.) 43.000
jBona. debt. Apr. 15, ’ 98. $300,000 |
- '
M T E R E S T i8 payable at the Boylston National Bank of Boston.
W A T E R V I L L E — { r i u i ä ü Ä 'S r Ä a . u r e r .
This city is in Kennebec County.
Bonded debt Jan.l, '9 8 .. $240,000 Assessment about 23 actual value.
Floating debt...................
11,200 Tax rate (per $1,000) 1897.$22-00
Total' debt Jan. 1 ,1 89 8 .. 251,200 Population 1890.................... 7,107
„Assessed „valuation ’97. .4,846,020 j Population 1897 (about).
000
S M 1 7 Q T R R n n iC
(K IN G 8. RAYMOND, Mayor,
w
H O 1 L S irC L J D J L .— { c . 8. EASTMAN, Treasurer.
W estbrook is in Cumberland County.
LOANS —
When Due. Bonded debt Aug. 1, ’ 98. $123,800
«Cit y B onds—
30,000
Long time notes.............
j3%s, var., $6,000... 1898 to 1900 Total debt Aug. 1,1898. 153,800
4s, var., 13,800...1898 to 1903 Tax valuation, real........ 3,222,030
R efunding B onds—
Tax valuation, personal. 530,410
4 s, J&D, $ 1 5 ,0 0 0 ....Dec. 10,1905 Total valuation 1898 ...3,752,440
4 s, A&O, 20,000___AprU 1,1907 Assessment is abt. 65% actual val.
4 s , J&J, 2 5 ,00 0 .... Jan. 1,1915 Total tax rate (per M.) ’98..$17-00
4 s , J&J, 2 0 ,0 0 0 ....Jan. 1 ,1917 Population in 1890 was.........6,632
4 s , ....... 24,000___June 1,1918 Population in 1898 (est.)....... 8,000
IN TE REST on the refunding bonds o f 1907, 1915 and 1918 is
jayablein Boston, Mass.; on all other bonds at*Portland, M e . _ha




Admitted as a State
- . One of Original Thirteen
Total area of State (square miles)
9,305
State Capital ........................................ Concord
Governor (term expires 1st W ed. Jan., 1899), Geo. A . Ramsdell
Secretary of State j Chosen by L eg isla tu re;) Ezra, S. Stearns
Treasurer ( term expires Jan., 1899.) Solon A . Carter
Legislature meets biennially in odd.years on the first W edn es­
day in January, and length of session is not limited.
HISTO RY OF D E B T .- New Hampshire’ s debt history is very brief.
This State has always been extremely conservative, and no bonds were
issued until after the breaking out of the Civil War. In 1866 New
Hampshire reported her funded indebtedness at $4,169,818, co n ­
tracted exclusively for war purposes. June 1,1869, the total out­
standing was $3,213,962 22, against which the Treasurer reported
an asset of $77,082 89. The situation of the State debt now Is as below
LOANS
-— Interest.— > ,-------— Principal.--------------.
NAME AND PURPOSE.
P.Ot. Payable.
When Due.
OutstUnd’ a.
Agricultural College 1893. 4 ............
July 1, 1913
$135,000
Library bonds of 1 8 9 1 ....
4 J & J
July 1, 1911
175,000
Do
do
1893------ 4 ............
July 1, 1913
75,000

Municipal War loan.......... 6 J &J \$150^000yeSly5 } 1’050>000
do
do (overdue) ....
.................
1,300
Loan of 1873 (overdue)........................
............... .
500
Trust f u n d s ...................... 4&6
.....
.................
699,843 05
Of the trust funds $80,000 bear 6 per cent interest and $617,746 36 bear 4 per cent interest, no interest being paid on $2,096 19.
PAR VALUE OF BONDS.—The bonds of this State are in $500
and $1,000 pieces. .
INTEREST is payable at the Commonwealth Bank o f Boston and at
State Treasurer’s office.
T O T A L DEBT.—The net debt on June 1,1898, was $1,367,657 61.
The subjoined statement shows New Hampshire’ s total debt on the
dates named. Assets June 1, 1898, were $769,085; floating debt.
$100.

s

’

June 1 ,’98. J u n e l,’ 97. Jan. 1 ,’ 96. J u n e l,’ 95.
Total funded debt___ $1,436,800 $1,586,800 $1,740,400 $1.894.300
Trust funds.................
699,843
676,505
653,818
632,092
Total debt............. $2.136,043

$2,263,305 $2.394,218 $2,526,392

October, 1898,

NEW tf*ffffgtflfl£~-CITI£S

ASSESSED VALUATION.—The State’ s total assessed valuation (in­
cluding taxable savings, bank savings and insurance capital) has been
as follow s:
Years.
Valuation. Years.
Valuation.
1897.......... ................ $255,742,099 18 9 3........................... $274,816,342
1896............................ 259,116,800 1892............................ 266,427,500
1895.......... . . ............. not tabulated 1890............................ 250,530,530
1894............................ 269,683,779 1885............................ 218,122,554
IffDEBT LIMITATION.—There is no restriction in the Constitution
o f New Hampshire upon the debt-making power of the people through
the “ General Court,” except the following, which is the last clause of
Article 5 of Part Second of that instrument.
Provided, That the General Court shall not authorize any town to
loan or give its money or credit directly or indirectly for the benefit of
any corporation having for its object a dividend of profits or in any
way aid the same by taking its stocks or bonds.
The above is an amendment to the Constitution, which was ratified in
1877. The amendment would appear to be intended as a complete
estoppel to municipal loaning of money or credit to railroad and indus­
trial corporations. It is to be noticed, however, that by its terms the
restriction does not specifically mention “ cities,” the words being
“ any town.”
In addition to the foregoing is the “ Municipal Bond A ct of 1895.”
It tells in the matter .of issuing bonds what a municipal corporation
may do, what it must do, and what it cannot do. The law enacts: Sec.
1. The term “ municipal corporation” means town, city, school dis­
trict, village district and village precinct. Sec. 2. Bonds issued must
be payable within 20 years, interest semi-annual, not exceeding 6 per
oent, may be payable in gold coin. I f made payable in less than 20
years, may be extended but never beyond 20 years from time of issue.
Sec. 3. Bonds (except of cities) must be authorized by a vote of twothirds o f all voters present and voting at an annual meeting of such
corporation, or at a special meeting if properly called, &c. (for which
see act). Bonds must be signed by a majority of the Governing Board,
countersigned by Treasurer and have seal of corporation. Time
and place of payment and rate of interest, &c., may be delegated to
Governing Board. Sec. 4. City bonds must be authorized by resolu­
tion of City Council passed by at least two-thirds of members elected
to each branch taken by yeas and nays, signed by Mayor, countersigned
b y Treasurer, seal of city aifi xed. Place of payment, rate of interest
and sale may be delegated to Treasurer. Sec. 5. Bonds shall be pay­
able to bearer or to registered holder by name, and must be in form set
out in act—which see. In case bond be made subject to call they must
contain statement to that effect as given in act. “ The validity of any
bonds shall not be affected by any variation from the forms herein
prescribed.” Sec. 6. Treasurer to keep a book in which he shall
register bonds issued, &o. Sec. 7. “ All bonds purporting to be issued
by virtue of this act and signed and sealed as hereinbefore provided
shall in favor of bona fide holders be conclusively presumed to have
been duly and regularly authorized and issued in accordance with the
provisions herein contained, and no holder thereof shall be obliged to
see to the existence o f the purpose of the issue or to the regularity of
any of the proceedings or to the application of the proceeds. All such
bonds shall be negotiable in all respects and to the same extent as se­
curities negotiable bv the law merohant.” See. 8. Annual tax must be
levied and collected sufficient to pay interest and provide a «imring
fund sufficient to pay principal within 20 years. Sec. 9. No bonds can
be issued which shall increase the net debt of corporation to an
amount exceeding 5 per cent of the value of the taxable property
therein as last appraised for assessing taxes. To ascertain net debt,
all debts must be included except the following, which must be de­
ducted—water debt, “ cash and other means” in treasury and sinking
funds applicable to payment of debt so inoluded; “ but nothing con
tained in this section shall prevent the issue of bonds for the purpose
o f refunding an equal principal amount of other bonds of such corpo­
ration.” Sec. 10, corporation seal. Sec. 11. A ct to take effect on pas­
sage. Approved March 19,1895.
POPULATION

OF S T A T E .—Since 1800 the total population has

been as follows.
1 8 9 0 ................376,530 1860.................326,073 I1830............... 269,328
1 8 8 0 ................346,991 1850.................317,976 1820...................244,022
18 7 0 ................ 318,300 1840.................284,574 11810................ 214,460
In 1870-80 increase was 28,691, or 9 01 per cent, and in 1880-90, 29,539, or 8’51 per cent. For earlier population figures see State and
City S upplement of April, 1895, page 13.
SAVINGS

BANK S’ IN V E S T M E N T S -P R IV IL E G E S

AND

RE­

S T R IC T IO N S. —The laws in this State relaxing to savings banks in­
vestments were remodeled by the Legislature of 1895. The act referred
to was approyed on March 29,1895, and went into effect on July 1 of
the same year. It is as follow s:
AN ACT to regulate the investments o f savings banks.
Be it enacted by the Senate and House o f Representatives in General
Court convened:
Section 1. On and after July 1, 1895, savings banks shall make in­
vestments o f their funds in the following classes of securities o n ly :
1st. In notes secured by first mortgage on real estate situated in
New Hampshire.
2d. In notes secured by first mortgages of real estate situated out­
side of New Hampshire, which at the time is improved, occupied and
productive; but not exceeding 25 per cent of the deposits shall be so
invested.
3d. In notes secured by collateral in which the bank is at liberty to
invest, of at least equal value; but the amount of any one class of se­
curities so taken as collateral, added to that which the bank may own
at the time, shall not exceed the total limit of that class of securities;
and not exceeding 25 per cent of the deposits shall be so nvested
4th. In notes secured by collateral of securities which are listed on
the stoqk exchanges of Boston and New York, the listed price of which
shall at all times be at least ten per cent in excess of the face of the
n ote; but not exceeding fifteen per cent of the amount of the deposits
shall be so invested.
5th. In notes of individuals or corporations, with one or more in­
dorsers, but not exceeding five per cent of the amount of its deposits to
any one person or corporation, and not exceeding twenty per cent of
the deposits shall be so invested, and not exceeding ten per oent of
the deposits shall be invested in notes of individuals or corporations
resident outside of the New England States.
6th. In the public funds of the United States or those for which the
faith of the United States is pledged to provide for the payment of the
interest and principal, including the bonds or the District of Columbia.
7th. In the bonds or notes of this State, or of any county, city, town,
precinct or district of this State.
8th. In the authorized bonds, or interest-bearing obligations, of any
other New England State, or of the States of New York, New Jersey,
Pennsylvania, Delaware, Maryland, Ohio, Indiana, Illinois, Kentucky,
Missouri, Michigan, Wisconsin, Minnesota, Iowa, Kansas, Nebraska,
North Dakota, South Dakota, Colorado, California, Oregon, Montana,
Wyoming and Washington, or the territories of Utai) and New Mexico;
but not exceeding twenty-five per cent of the deposits shall be so in­
vested.
9th. In the authorized bonds, or interest-bearing obligations of any
county, city, town, school district, or other municipal corporation of any
o f the foregoing States whose net indebtedness does not exceed 5 per
oent of the last preceding valuation of the property therein for taxa­
tion, not issued in aid o f railroads; provided, however, that the bonds
or notes of any county of less than 10,000 inhabitants, or of any city,
tow n or other municipal corporation of less than 5,000 inhabitants, or
o f any school district of less than 1,000 inhabitants, of any of the
oregoing States or Terri ories west of the Mississippi River except
Minnesota shall not be authorized investments; and in the authorized




I T

bonds or interest-bearing obligations o f any city of 100,0001 inbabi
tants of any of the foregoing States whose net indebtedness do es not
exceed 7 per cent of the last preceding valuation of the pr operty
therein for taxation; but not exceeding 20 per cent of the deposits
shall be so invested.
The term “ net indebtedness” shall be construed to denote the in’
debtedness of any city or town, omitting debt created for sup plyingthe inhabitants with water, and deducting the amount of sinking fund»
available for the payment of municipal indebtedness.
10th. In the bonds of any railroad company incorporated u nder tho
authority of any of the New England States whose road is lo cated
wholly or in part in the same, and which is in possession of and o peratr
ius: its own road, and has earned and paid regular dividends for the
two years next preceding such investment; or in the bonds guar anteecB
or assumed by such railroad company, or of any railroad com pany so
incorporated whose road is thus located;*or in the bonds or notes o f
any railroad company incorporated under the laws o f this S tate; but
not exceedin g twenty-five per cent of the deposits shall be so invested.
11th. In th e bonds of any railroad incorporated under the authority
of any State outside of New England which is In possession o f ana
operating its own road, and has earned and paid regular dividend«
of not less than four per cent per annum on its capital stock f o r ther
five years next preceding such investm ent; provided said capital stock
on which it pays dividends equals in amount one-third of the entires'
bonded indebtedness of said road, or in the bonds of any corporation-1
guaranteed or assumed by said railroad; but not exceeding tw enty
per cent of the deposits shall be so invested. Street railroads shall
not be considered railroads within the meaning of this and the last
preceding section.
12th. In the bonds of corporations of this State whose net indebted­
ness at the time of such investment does not exceed its capital stock
actually paid in and remaining unimpaired, but not excedfng five percent of the deposits shall be so invested.
13th. In the bonds of street railway corporations located w holly or hr
part in cities of 50,000 inhabitants or more, situated outside of Nev>
Hampshire, whose net indebtedness at the time of such investm entdoes not exceed its capital stock actually paid in and remaining unim­
paired; provided, such corporation has earned and paid regular divi­
dends on its capital stock for five years next preceding such invest-*
ment, but not exceeding five per cent of the deposits shall be so-in­
vested.
14th. In the capital stock of any bank or trust company incorporated''
under the laws and doing business within this State, but the amaunt*
of such stock held by any savings bank as an investment and asocollateral for loans shall not exceed one-tenth o f the total capital stoe k o f
such bank or trust company; and not exceeding ten per cent o f th e
deposits shall be so invested.
15th. In the stock of any national bank in the New England S ta te»
and in the State of New York; but the amount of such stock held'
by any savings bank as an investment and as collateral for loa n »'
shall not exceed one-tenth of the total capital stock of such n ation a l'
bank, and not exceeding ten per oent. of the deposits shall be so intivested.
16th. In the stock of any railroad corporation, exclusive o f street*
railways, situated in whole or in part in New England, New Y ork-.
Pennsylvania, Ohio, Indiana, Michigan, and Illinois, that has earned
and paid regular dividends o f at least four per cent for five years pre­
vious to such investment; but not exceeding ten per cent of it »
deposits shall be so invested.
17th. In the stock of any manufacturing company in the New Eng­
land States that has earned and paid regular dividends for five y e a r»
previous to such investment, and whose net indebtedness does not!
exceed the amount of its capital stock fully paid in : but not exceeding
ten per cent of the deposits shall be so invested.
18th. Any savings bank may purchase and hold land and buildings
suitable and actually used by it in part for its banking-rooms, the to ta l
cost of which shall not exceed 10 per cent of its deposits.
19th. Any savings bank may hold and lease real estate acquired b y
foreclosure of mortgages owned by the bank, but all taxes, foreclosure
expenses and cost of maintenance shall be paid out of tne income off
the bank.
20th. Deposits of cash on call or subject to check shall be made 1 »
some authorized banking or trust company incorporated under the
laws of this State or the Commonwealth of Massachusetts, or in som e
national bank located in the New England States or in the City o f N ew
York.
# smut
Section 2. Whenever any person shall at the same time hold an office
in both a national bank and a savings bank he shall give bond in dou hl»
the amount required by existing law.

C it ie s ,

C o u n t ie s a n d

T o w ns.

IN THE

STATE

OF

NEW

H A M P S H IR E .

Note .—For debts o f minor civil divisions not foun d among the state ­
ments given below, see “ Additional Statements” at end o f this State.
B E L K N A P C O . — County seat is Laconia.
LOANS—
When Hue. Bonded debt-Jan. 1, ’98. $50,(MX?
Court H ouse Bonds 1893—
Sinking fund assets.........
11,99 & 1
4s, J&J, $30,000........ July 1,1913 Net debt Jan 1, 1898___
38,001
Interest payable at Nat’l Bank of Assessed valuation’ 9 7 ..9,167r4 1 4=
the Republic, Boston, Mass.
Assessment about ^ actual v a lu e Population in 1890 was.......20,32 W

B E R L I N . — L. H . Y

e il l e u x

This city is in Coos County.
LOANS —
When Hue.
School B onds48, $10,000..........1899-1908
($1,000 yearly.)
I mprovement B onds—
4*88, $70,000............................1913
F unding B onds—
4s, $50,000.............................1917
Bonded debt, Aug. 1,’ 98. $130,000
Floating debt.........
43,560

,

Treasurer.

I Total debt....................... $173,560"'
17,500
Sinking funds..................
|Net debt Aug. 1 ,1 8 9 8 .... 158,060
Assessed valuation, real 2,097,718
Ass’d valuation personal 508,223-'
! Total valuation 1 8 9 8 .... 2,605,94k
Assessment *2 actual value.
Tax rate (per M.) 1898..
$24*50
Population 1890......................3,720
Population 1898 (eat.).......... 8,025*

C L A R E M O N T .— G eo. A. T
This town is in Sullivan County.
LOANS—
When Hue.
T own H all B onds.
4 s ,........ , $45,000.................... 1899
($2,500 due yearly) to ......1916
R efunding B onds—
4s, J&J, $25,000.........Jan. 1,1909
4s, J&J, 50,000........ Apr. 1,1914
Bonded debt Feb. 15,’ 98. $142,500
Floating debt..................
34,275

e n n e y

,

Treasurer,

Total debtF eb.15,’9 8 ... $176,775^
Sinking fund assets.........
15,615;'’
Net debt Feb. 15,1898... 161,164
Total assessment 1898-.3,193,315Actual value (about). .. .4,400,00©>
Tax rate (per $1,000) ’98.
21 •GO'Population in 1890 w as..
5,565**
Population in 1898 (est.)
7,00G» *

INTEREST is payable at Claremont, or at the National Bank
Redemption, Boston.

12

STATE AND CITY SUfflEMENT,

C O N C O R 7^

5 A. B. WOODWORTH, Mayor.
— | j. A. COCHRAN, City Clerk.
n*?.01iS.0r<i i 8 the capital of the State and the county seat of Merrimack
county, its water works more than take care of the interest on the
water bends.

When Due.

Vol. LXVI1

H IL L S B O R O U G H

C O .— F r a n k
0.
L lV County seat is Nashua.
LOANS—
When Due. Bonded debt Jan., ’98....$312,000
Floating debt Jan.,, ’9 8 ..
15,174
B uilding Bonds48, June, $40,000___June 1, 1921 Total debt Jan., ’98......... 327,174
4s, March, 2 0 ,0 0 0 ....March, 1915 Assets (cash).................... 32,526
Net debt Jan. 1 ,1 8 9 8 .... 294,648
F unding Bonds 1894—
4s, J&J, $117,000...... Jan. 1,1914 Tax valuation 1897___ 60,659,440
Population in 1890 w as___93,247
Optional after Jan. 1,1894
R efunding BondsPopulation 1896 (about)___97,000
48, Sept., $35,000.......... Sept. 1910
INGSTON,

Treasurer.

Water P rec ’ ct B onds (Con.)
4s, J&J, $70,0 *o..Jan.,’ 13 to ’ 19
($10,000 due yearly.)
($5,000 due yearly.)
4s, A&O, $45,000___ Oct. 1,1912
M emorial A rch B onds—
4s, J&J. 400,000.... Jan. 1,1922
4s, J&J, $10,000. July, ’99 to 1900
School D istrict B onds—
($5,000 due yearly.)
(tSchool District No. 20.)
‘ P olice Station bonds —
4s, J&J, $500..............July 1,1899
4s, J&J, $17,000........ July 1,1903
‘ Widening P leasant St . E x .— H I L L S B O R O
B R ID G E
F IR E
P R E ­
‘ P ublic P ark B onds—
4s, J&D $13,800....... June 1,1905
C I N C T . — S t e p h e n D e n i s o n , Commissioner.
8*«8, J&D, $25,000...June 1,1914
tUNiON School D ist . B onds—
Se w er B onds—
4s, J&J, $60,000.......July 1,1899
Located in Hillsborough County.
4s, J&J, *$12,000... July 1,1904 ($15,000 due y ’rly) to July 1,1902
LOANS—
When Due. Interest payable in Hillsborough.
3*98,J&D, 25,000....June 1,1914
P enacook Sew er B ondsTotal debt Feb. 1 5 .1898..$66,<K)0
S
er Bonds 3*as, J&D,
9,000.. .Dec. 1,1914 48, F&A, $5,000.........Aug. 1,1903 48. ew
.
.
.
$
2
1
,0
0
0
..............................
Tax valuation 1896....... ¿..757,926
3*98, J&J, 25,000 ...J u ly 1,1917 4s, F&A, 6,000.........Aug. 1,1908
W
ater B ondsTax
rate 1897 (per M .).......... 2*35
Water P recinct B onds—
4s, M&N, *5,000.........May 1,1913
3*98, MAN, $15,000.Nov. 1,1900 Subject to call after May 1,1908 48, J&J, $45,000........ Jan. 1,1917 Population in 1897 (est.)___2,500
3 * 98 , M&S,
20,000.Mch. 1,1922 4s, J&J, $3,000.. .July 1, ’ 14 to ’19
r r ‘C’ 17 tvTIT
5 GEO. H. EAMES, Mayor.
4s, M&N,
20.000.Nov. 1,1898
($500 due yearly.)
^ LL IN H ,— } j . p . WELLMAN, City Clerk.
($10,000 due y ’rly) to Nov. 1,1899
West Concord Sewer P rec ’ t —
This city is the county seat of Cheshire County.
4s, J&J, $100,000..Ja n .,’01 to ’ l l 4s, A&O, $17,000.Oct., 1902 to ’ 12
($10,000 due yearly to 1909 and Total debt Jan. 1,1898,.$948,800
W ater B onds (Con.)—
_ LOANS—
When Due.
$5,000 in 1910 and 1911.)
R ailroad A id B onds3*28, J&J, $7,000....... Jan. 1,1910
48, J&J, $75,000........July 1,1899 3*28, J&J, 30,000....... Jan. 1,1911
* Exempt from taxation when owned by residents of Concord.
($15,000 yearly) to July 1,1903
($16,000 yearly) to Jan. 1,1913
f Coupon bonds*
4s, J&J, $10,000,.......July 1,1904 Bonded debt Jan. 1, ’98 $287,000
Sew er B onds—
Cash
and sinking funds
88,579
E X P L A N A T O R Y OF BONDS.—The Penacook sewer bonds were s, J&J, $60,000....... July 1,1905
Net debt Jan. 1 ,1 8 9 8 ..
198,421
issued on the city’s credit for the Penacook sewer distriot, the interest
($15,600
yearly)
to
July
1,1908
W
ater
debt
(included)..
117,000
and principal being payable from a special tax on that district. The 4s, J&J, $10,000....... July 1,1909
Assessed valuation ’ 97..6,484,194
school distriot bonds were issued under a special act of the State Legis­
------ —
Wa ter
'— B
" onds
rate (per M.) 1897..
14*90
lature. The school districts have by their votes and by their agents 5s, J &J,$35,000.......Jan. 1,1899 Tax
Union
Sch. Dis. tax (ad.)
1*45
bound themselves to repay the city all sums expended on account of 4s, A&O, 5 ,0 0 0 .....Oct. 1,1913 City Soh.
Dist.
tax
(a»d.)
*25
the principal or interest of these bonds.
4s, A&O, 40,000.......Oct. 1,1914 Population 1890 w as....
7,446
($10,000
yearly)
to
Oct.
1,1917
|
INTEREST is p a id a to ity treasury and at Nat. Revere Bank, Boston.
INTEREST on all issues is payable at the City Treasury, and on the
C IT Y PR O P E R TY .—The city valued its buildings and other prop­ water
4 per cents also in Boston.
erty on January 1, 1896, at $223,165, and besides this has water
_ C I T Y P R O P E R T Y .—The city owns its w aterw orks, valued on
works valued at $848,304 which are the property o f the “ precinct.”
January 1, 1897, at $200,000, and other property to the amount o f
ASSESSED V A L U A T IO N . —The city’ s assessed valuation and tax $85,432. Water works are more than self supporting. The railroad
rate have been as follow s:
loans were a gratuity to the Manchester & Keene RR., and are not
Total Assessed
Bate o f Tax offset by any railroad securities in the hands o f the city.
Tears.
Valuation.
Tax.
\per $1,000.
5 C. L. PULSIFER, Mayor.
1897.......................................... $11,200,690
$233,762
$20*90 T A r 'O IS J T A
1896......................................... 11,228,515
260,589
23*20 L / i C U i N l A . — |s. C. FRYE, City Clerk.
Laconia (City) is in Belknap County.
1890---- ,..............
10,243,857
176,081
12*00
10,150,586
172,831
1880.......
LOANS—
When Due. Total debt Feb. 15, ’ 9 8 .. $242,183
Sew er and F unding B onds20,311
P O P U L AT IO N .—In 1890 population was 17,004; in 1880 it was 48, J&J, $65,000............................... Available assets..............
Net debt Feb. 1 5,1898.. 221,872
13,843; in 1870 it was 12,241.
4s, A&O, $143,000............... . . . . . Tax valuation 1897......... 4,350,208
Coupon notes, 3*28............ $12,000 Tot’lta x (perM .)’ 97.......
20*30
Interest payable at Boston.
Population in 1896 (est.)... 12,000
C O O S C O U N T Y . — W . H . M cCortin , Co. Treas. Bondeddebt Feb. 15, ’ 98.$220,000 Population in 1890 w as... ...6 ,1 4 3
Floating debt..................... 22,183
Lancaster is the county seat.
„ LOANS-

B ridge B onds—

4s, J&J, $20,000. July 1, ’04 to ’07

Bonded debt Jan. 1,1898.$50,000 I Net debt Jan. 1,1898
$43 421
Floating debt.............. ..
10,904 |Assessed valuation’97.11,265,239
Total debt Jan. 1,1898— 60,904 I Population in 1890 w a s....23.211
Sinking fun d....................... 17,483 |
n r i i r u 1p
5 CHAS. A. FAIRBANKS, Mayor.
U K J V Hi CL.— )W M . K. CHADWICK, Treasurer.
This city is one county seat of Strafford County.
LOANSWhen Due. Bonds matured................. $10,000
R efunding L oans—
Bondeddebt Jan. 1,1898. 681,922
4s, J&J, $ 7 0 ,0 0 0 ....July 1, ’99-’05 Water debt (included).... 315,922
Cit y H all B onds—
Assessed valuation, real.5,614,558
4s, A&A, $48,000.. Apr. 1, ’06-’09 Ass’d valuat’n, personal.3,015,167
4s, A&A,
22,000..Apr. 1, ’ 10-’ l l Total valuation 1897___ 8,629,725
4s, A&O, 111,0 0 0 ....A pr..1,^1012 Assessment about
actual value.
F unding and Bridge Bonds$19*50
Tax rate (per M.) ’97 ___
48, J&J, $ 9 0 ,0 0 0 ....July 1, ’99-’ 16 Population 1890.............
12,790
Water loan notes 4*48___$315,922 Population 1896 (est.)...
13,000
INTEREST on refunding loan and city hall bonds payable at Boston.
. CJTY PR O P E R T Y .—The city has assets, including water-works,
to the value of $416,384.

E X E T E R .— This town is in Rockingham County.
Total debt J an. 1 ,1898.. $95,015 ! Total valuation 1897.. .$3,225,648
Assets. . . . . . . . . . . .
...
32,118 1Assessment about 23 actual value.
Net debt Jan. 1 ,1 8 9 8 ....
62,897 Total tax (per $1,000) 1897.$20*00
Tax valuation, real.........2,373,660 I Population in 1890 w a s .... 4 284
Tax valuation, personal. 771,975 |
The bonds all bear interest at the rate o f 4 per cent, and are issued
for street improvement, library and refunding purposes. They are
nearly all held by local investors.
.
J
T A X FREE.—The town’s bonds are exempt from taxation if owned
by residents.

F A R M I N G T O N . — D . W . K i m b a l l , Chairman
of Selectmen. This town is in Strafford County.
R efunding B onds48, J&J, $58,000........ Jan. 1,1917
Subject to call Jan. 1,1907
Total debt Jan. 1,1 89 8 __ $69,152
A ssets.......... ........................ 18,475

NetdebtJan. 1, 1898.... $50,677
Tax valuation 1897........1,207,309
Tax rate (per $1,000) ’97.
21*19
Population in 1890 w as......3 ,0 6 4
Populationin 1897 (est.)...... 3,000

F R A N I C T TIST
$ Ch a r l e s w . a d a m s , Mayor.
‘r J r t *rt- iNJrVJ- , i i N *— ( FRANK PROCTOR, Treasurer.
Franklin is in Merrimack County.

n/r A T\TC'' W TT d T tt1TD
5 JAMES E. DODGE, Auditor.
1 ^ ^ * — /F. L ALLEN, Treasurer.
This city is one of the county seats of Hillsborough County.
LOANS—
When Due.
LOANS—
When due.
B ridge B ondsSchool Bonds48, J&J, $60,000........July 1,1911 48, J&J, $ 170,000....July 1,’ 99-15
4s, J&J, 80,000 .........1899-1901 4s, J&J,
4 0 ,0 0 0 ....July 1, 1916
($25,000 y’rly to 1900,$30,000,’01)
Water B onds
Cemetery Bonds—
6s. J&J, $100,000.. Jan. 1,1902
5s, J&J, $50,000........ July 1,1913 5s, F&A, 100,000.. Aug. 1,1913
F unding B onds4*28, M&N, 100,000..Nov. 1, 1913
48, A&O, $ 5 0 ,0 0 0 ....April 1,1905 48, J&J, 106,000. .Jan. 1,1907
4s, A&O, 50,000___April 1,1907 4s, J&J, 100,000.. July 1,1910
4s, A&O, 5 0 ,0 0 0 ....April 1,1909 4s, J&J, 100,000.. Jan. 1,1912
4s, A&O,
5,000....A p ril 1,1911 4s, A&O, 50,000..Oct. 1,1914
I mprovement B onds4s, J&J, 100,000..July 1,1915
48, J&J, $ 100,000....Jan. 1,1913 4s, J&D, 50,000.. ¡lee. 16.1915
4s, J&J. 100,000... .Apr. 1,1914 4s, J&J, 100,000..Jan. 1,1917
4s, A&O, 1 0 0 ,0 0 0 ....Apr. 1,1915 Temporary loan, $100,000,
4s, A&O, 100,000....Apr. 1,1916
April, 1899
PAR V ALU E .—The city’s bonds are for $100,$ 5 0 0a n d $ l,000. They
are mostly of the denomination of $1,000 each.
INTEREST on bridge and water bonds of 1872 is payable at Treas­
urer’ s office, Manchester; on all other issues at Suffolk Bank, Boston.
T O T A L DEBT.—The subjoined statement shows Manchester’ s total
municipal debt, including the water debt, on the dates named.
• L ^ l« '98* Jan. 1 ,’97. Jan. 1 ,’ 96. Jan. 1,’95.
Total bonded debt.......... $1,890,000 $1,917,250 $1,571,250 $1,292,000
Water debt(incl. above).
900,000
900,000
900,000
850,000
In addition to the bonded debt the city had on January 1,1898. a
floating debt of $100,000. Sinking fund Deo. 31,1897, $139,189, and
cash on hand, $122,052.
V AL U A T IO N , T O T A L DEBT, Et c .—The assessed valuation (about
70j per cent of cash value)and th.6 tax rate liave been »¿t fniinwa^in fha
years named below
Assessed Valualion.Tax Bate
Real
Personal.
Total.
p er $1,000.
1898.........
$26,187,290
$4,722,754
$30,988,488
$19-50
1897................... 25,831,832
4,655,114
30,486,946
20-80
1896................... 25,031,116
4,412,552
29,443,668
18*60
1890................... 19,884,300
4,206,300
24,090,650
19*10
1880.........................................
17,735,990
„P O P U L A T IO N .—In 1890 population was 43,983; in 1 8 8 0 it w as
32,630; in 1870 it was 23,536. Estimated population in 1898, 60,000.

M E R E D IT H F IR E
Meredith is in Belknap County.
LOANS—
When Due.
Water B onds 1893—
4*28, J&J, $40,000.. July, 1923-’26
4*28, A&O, 4,500........1902-1910
($500 yearly from Oct., 1902.)
Interest is payable in Boston.

D I S T . — A.. S. C l o u g h , Sec.
Bonded debt Jan. 20, ’98, $44,500.
Total debt Jan. 1 ,1 8 9 8 .... 44,500
Bonded debt Jan. 20,1898. 44,500
Tax valuation 1897............269,677
Assessment about *2 actual value.
Tax rate (per $1,000).......$12*50
Population 1895 (about).......1,000

LOANS—
When Due. Floating debt.................
$25,294
Town B onds—
Total debt Jan. 1, *98..
187,294
4s, F&A, $40,000...... Aug. 1,1900 A ssets.... ......................
8,965 M E R R I M A C K . C O . — W arren A bbott, Treasr.
County seat is Concord.
4s, F&A., 30,000
Aug. 1,1917 Netdebt Jan. 1, 1898..
178,329
Water B onds 1891—
LOANS—
When Due.
Tax valuation 1897___ 2,540,285
Interest payable at Concord.
F unding B onds4s, A&O, $80,000.......Apr. 1,1916 Assessment about % actual value.
Tot.bond. debtSep.20,’98.$l07,000
Subject to call after Apr. 1,1901 Tax rate (per $1,000) 1898.$18-50 48, A&O, $10,000. Oct. 1,’99 to 1900 Tax valuation 1897....25,956,620
4s, A&O, $12,000___Apr. 1,1914
Population in 1890 was........ 4,085 4s, A&O, 6 ,0 0 0 .....Oct. 1, 1901 Tax rate (per $1,000)’96...$18-90
Bonded debt Jan. 1 ,1898.$162.000 |Population in 1896 (est.).......5,135 4s, A&O, 85,000.......Oct. 1,1902 Population 1896 (est.)......5 0 ,0 0 0
ann. to 1906 and $6,000 Population 1890 was........... 49,435
INTEREST payable at First Nat. Bank, Boston or Treasurer’s office. ($5,000
annually 1907 to 1916).




October, 1898.

M I L F O R D . — F. T. Sa w y e r , Treasurer.
This town is in Hillsborough Co.
LOANS—
When Due.
Water B onds of ’91 & ’93.—
4s, J & J . . . . $65,000 July 1,1921
Subject to call after July 1,1911
4s, J & J ___$10,000 July 1,1923
Schools and F unding—
4s, F&A, $45,000.......Feb. 1,1924
Interest on first loan is payable in
Boston, on others in Milford.
Bonded debt Jan. 1 ,’98.. $120,000
Floating debt..................
7,775

Bonds are exempt from taxation.
Total debt.......................... $120,775
12,834
Sinking fund....................
Netdebt Jan. 1 ,1 8 9 8 .... 107,941
Tax valuation, real........ 1,406,130
Tax valuation, personal. 569,465
Total valuation. 1897....... 1,975,595
Assessment is 75 p. c. real value.
Total tax (per $1,000) 1898.$19-95
Population in 1890 was........ 3,014
Population in 1880 was........ 2,398
Population 1898 (about).......4,000

XT A d LJ r T A
SJASON E. TOLLES, Mayor.
U A . — \ GEORGE F. SMITH, City Clerk.
This city is in Hillsborough County.
LOANS—
When Due. i F loating D ebt , School and
E ngine H ouse—(gold)—
St reet —
4s, g., J&D, $15,000g.June 1,1918 |4s, g., J&D,$200,OOOg. June 1,1913
F unding F loating D ebt—
I School B uilding—
6s, J&J,‘ $75,000........ July 1,1901 4s, F&A, $5,000,........ Aug. 1,1899
4s, J&D, 200,000........ 1911-1915 I 4s, F&A, 10,000.......... Aug. 1,1900
($40,000 due yearly on June 1.) 4s, F&A, 10,000......... Aug. 1,1904
4s, g., M&N, $100.000g.May 1, ’ 15 |4s, A&O, 25,000 g ....O ct. 1,1916
INTEREST on the funded floating debt bonds due from 1911 to
1915 is payable at the City Treasurers office; on the school building
bonds by Blake Bros. & Co., Boston; on the funded floating debt bonds
due 1901 at the City Treasurer’s office, or at the First National Bank,
Boston; on all others at the City Treasurer’s office, or at the National
Bank of the Commonwealth, Boston.
. T O T A L DEBT .—The city’ s bonded debt on January 1,1898, was
$640,000 ; floating debt $70,459 ; total debt, $710,459; sinking fund
and cash and unooUected taxes, $98,142; net debt, $612,317.
ASSESSED VAL U A T IO N . —Total assessed valuation (which is about
75 per cent o f actual value), was in 1898 $13,704,275. Total tax per
$1,000 in 1898 was $21-00.
POPULATION in 1898 («at.) 24,000; in 1890 was 19,311.

N E W P O R T . — S a m D. L ew is , Treasurer.
This town is in Sullivan County.
LOANS —
TFAen Due.
6s, J&J, $84,300.............. 1901
5s, F&A,
8,200..........................
6s, J&J,
10,000..........................
Town debt Feb. 1 5 ,1898.$102,500
Water debt (additional).. 51,300

13

ÌS£W ttAMfSttlflE- CITIES

Total debt Feb. 15,1898.$153,800
Tax valuation 1898.....1,427,128
Total tax (per $1,000) ’9 8 ... $23-60
Population in 1890 was........ 2,623
Population 1898 (estimated) 3,000

R O C K I N G H A M C O . - W m . H . 0. F ollansby ,
Treasurer. County seats are Exeter and Portsmouth.
LOANS—
When due.
Court H ouse B onds, 1893.
4s, J&J, $40,000.........July 1,1918
R efunding B onds, 1893.
4s, J&J, $20,000.........July 1,1903
4s, J&J, 12,500.........July 1,1905
Countt B onds48.......... 20,000.......Oct. 1,1901
4s, . . . . 8 0 ,0 0 0 ......June 1,1911

Notes outstanding............. $25,000
Ihterest is payable in Boston.
Total debt July 1,1898. $197,500
Cash on hand Jan. 1,’98
9,540
Net debt Jan. 1,1898 ..
187,960
Tax valuation 1898..-.26,415,526
County property 1895..
274,105
Population in 1890 was ...49,650

S A N D ^ W T C H . — D. D. A twood, Treasurer.
Sandwich is in CarroU County. Bonds are not taxable.
When Due. Total debt Jan. 1 ,1 8 9 8 ... $19,096
LOANSW ar D ebt—
Total valuation 1897....... 441,374
3s, Jan. 1, $17,600....1898 to 1906 Tax rate (per $1,000).......
21-50
Interest paid by Town Treasurer. Population in 1890 was....... 1,303

S T R A F F O R D C O . — G eorge D. N owell , Treas.
County seat is Dover.
LOANS —
When Due. Total debt Jan. 1,1898 $130,000
F unding B ondsCash, etc.........................
59,023
48, J&D, $30,000........Dec. 1,1898 N etdebt Jan. 1 1898..
70,797
($10,000 due y’rly) to Deo. 1,1900 Tax valuation in 1897.20,835,759
4s, J&D, $5,000........Deo. 1,1901 Tax rate (per $1,000) ’96...$17-70
4s, J&D, 70,000 g ...... Dec. 1,1911 Population in 1890 was.......38,442
J ail Note—
4*23, A&O, $25.000 ..Oct. 19,1908
INTEREST on the 4 per cent bonds is payable at the National
Bank of Redemption, Boston, Mass.

W H I T E F I E L D . — E. M. B r a y , Treasurer.
This viUage is in Coos County.
LOANS —
When Due.
W ater Bonds, 1 8 9 4 4s, J&J, $60,000........ Jan. 1,1914
Optional after Jan. 1, 1899
Total debt Jan .l, 1898. ...$71,525
Assets.................................. 4,855

Net debt Jan. 1,1 89 8....... $66,670
Tax valuation 1898........... 718,708
Assessment about ^ actual value.
Tax rate (per $1,000) ’98...$19-00
Population 1890 (Tow n)___2,041
Populat’n 1895 (ViUage) est. 1,500

INTEREST is payable at the Whitefleld Bank & Trust Co.

A D D IT IO N A L

STA TE M E N T S.

In the table below we give statistics regarding all minor civil
divisions in the State of New Hamoshire which have reported an
Penacook is in Merrimack County.
indebtedness of over $10,000, and which are not represented among
When Due. Floating debt.................
LOANS$2,000 the foregoing detailed reports. We add the population in 1890.
Water Works —
Total debt Jan. 1 ,1 8 9 8 ___ 72,000
Total
Assessed Tax Porm
.4*38, M&N, $70,000...July 1,1922 Tax valuation 1896............ 629,000
Debt.
Assets. YaluaVn. Rate. lation •
Subject to caU July 1,1907 Assessment from 23to fa c tu a l val.
Location$
$
$
$
Bonded debt........................ $70,000 Total tax (per $1,00 0 *98..$19-50
. 21,723
4,928
611,606 21-00 1,372
.
48,132
2,856
629,905
21-16
1,248
INTEREST is payable at the office of E. H. Rollins & Sons, Boston.
Ashland, Grafton Co............. 33,255
888
574,718 13-90 1,193
. 50,558 10,006
438,192 20-50 1,408
P I T T S F I E L D .— Pittsfield is in Merrimack County.
. 11,034 4,361
476,250 22-50 1.264
. 12,200
h19
722,293 18-70 1,267
LOANS—
When Due. Assets.............................. $15,924 Bethlehem. Grafton Co.,___».
80,800
1,800
607.470
18-60 1,487
R efunding T own B ondsNet debt Jan. 1 ,1 8 9 8 ...
42,380
. 18,015
8,275
346,697 21-10
982
48, J&J, $31.000........ July 1,1916 Total tax valuation,’98.1,127,145
.
13,524
3,521
425,407
1600
964
Interest payable in Boston.
Assessment about actual value.
. 13,500 15,024 17,979,057
29,579
Bonds subject to call July 1,1912 Total tax rate (per$ M .)’97.$19-00
.
19,728
1,529
874,804
16-20
2,331
Total debt Jan. 1 ,1 8 9 8 __ $58,304 Population in 1890 was........ 2,605
. 19,371
3,811
159,009 29-15
596
. 24,021
8,754 1,312.906 19-50 2,604
P O R T S M O U T H "
5 JOHN S. FILTON, Mayor.
. 15,531
3,899
100,930 31-50
379
1 n . — ) W. h . MOORE, City Clerk.
. 19,315 20,222
557,941 12-50
582
. 33,229
4,612
This city js oBe of the county seats of Rockingham County. The Eppi
694,588 19-50 1,721
. 47,884 1,445 1,203,684 14-10 1,931
city issued $343,000 bonds in aid o f the Portsmouth & Dover RR., and Goffs
. 11,464
3,354
reoeived in return stock of the par value of $344,000. This stock is
503,006 20-00 1,710
. 35,531
8,901 18,029,793
now worth considerable more than its face value, and the city has
37,317
. 26,954 21,916 1,104,336 17-60 1,817
been seUing it and applying the proceeds to the payment of the railroad
. 15,417
4,560
bonds. When all these bonds shall have been paid the city will still
335,100 17-00
748
. 53,152 10,289 1,256,097 21-15 2,545
have on hand a considerable balance from the sale o f the stock.
, 10,266
2,085
695,177 19-50 1,385
LOANS
•
— Interest— , ,--------- — ■Principal.
—,
. 97,771 10,622 1,138,150 19-80 2.120
NAME AND PURPOSE.
P. Ct. Payable.
When Due.
Outstand’g.
. 10,107
1,876
5 0,732 15-30 1,000
t
Apr.1898to 1900)
<*.«
.1883
.110,263
13,633 1,447,727 22-80 3,373
& ° l Part due yearly. \ * 6’ 500
.134,147 20,992 2,566,736 18-40 3,763
.1886
A& O
Apr. 1, 1901
10,000
. 36.500
4,029 1,075,670 20-45 2,060
.1884
A& O
Oct. 1, 1904
47.000
.126,536 24,025 1,651,604 23-40 3^365
.1889
J & J
Jan. 1, 1909
50.000
20,299
6,360
462,996 17-50 1,154
.1894
M&N
May 1, 1914
40.000
. 48,493
8,968
608,871 22-90 1,642
.1889
M & N
Nov. 1, 1914
57.000
.a*’ <n
.
49.188
49,599
595,742 17-70 1,640
.1896
U1V 1, 1916
_ ---- — J & J
July
175.000
. 15,100
3,268
581,635 15-40 1,067
_ . . ^
■■J
Optional after July 1, 1912.
. 24,694
4,347
275,350 15-90
488
Ports. & Dov. RR ref.1893 4
J & J
Jan 1 1913
160.000
. 16,067
2,037
320,903 16-70
988
Water bonds..............1692 4
J & j
Jan. l', 1907
160,000
12.450
2,396 1,188,832 14-40 3,172
165,000
!M-rdc?DtroT 1........1?9? £
J
* J
Jan. 1. 1912
. 84,251 14,367 1,404,305 18-60 2,507
IN TE RE ST is payable m Boston and Portsmouth.
21,042
1,569
342,536 17-00 1,085
T A X FREE.—None o f the above bonds are taxed in Portsmouth.
32,433
2,575
417,256 18-20 1,131
.
10,247
140 1,179,666 16-10 2,003
PAR V A L U E .—Bonds are in $100, $200, $500 and $1,000 pieces;
none registered except $19,500 o f the issue of 1884.
p
’
11,495
5,361
291.775 20 0 0 1.672
.308,847
8,341 3,117,952 20-90 6,300
« T P T A I7
° ° January. 1 1898, including the water debt, was
. 15,542
3,396
136,982 28-00
54Ò
a^ t^ tJ 6a8U^y ’ $A9A?0fl i water debt,$325,000; netdebt.
, 10,874
861
375,556 16-20 1,002
mont’h
T w ^ ,?i oT>)W1, s’ £? addition to the water-works and the Ports
,
10,249
4,406
445.474
19
0
0
1,304
8i oc j AbQYe mentioned, real estate, including
. 17,421
8,610 8,641,992
17,304
schools,etc., whichis valued at $185,700; personal property (includ. 15,466
2,055
446,486 17-30
900
i 6Pn ^ ® nt2 valued atK$51,007. The p a r v a l C Po fth e P o r t 8 10,560
7,288
180,232 30-60
632
«Y ri1onn •^°XvrJ 3t0?l£ held JSLthe city on January 1, 1898, Was
22,492
8,158
858,739 19-00 1,521
$161,200; market value over $200,000.
16,976
6,116 1,525 870 16-10 2,163
Assessed valuation in 1897 of real estate
, 23,566
874
638,741 15-20 1,383
41,976
3
413
946,280 16 0 0 1,850
t a f u 8 ^ S » & “ p S T l,0 0 0 ) | lliw ’.<i92 (estlmMe,i »* •*>“ *
25,940
4,892 1,249,474 16-50 2,534
110,907
4,150 1,109,268 23-40 3.020
1880' 9 -690; 19 1 s ™ .9.9 ! !
20,690
4,532
199,326 25-60
34Ì

P E N A C O O K . — W illis G. B uxton , Treasurer.

R D P R T 7Q T 17D
5 w - G- BRADLY, Mayor,
n v ju n n o i
— ) CHAS. W. BROWN, City Clerk.
This city is in Strafford County. Bonds are tax exempt.
LOANS, When due. Total debt......................... $376,804
Sew er B onds—
sinking fund....................
19,637
3^8, J&J, $118,100... Jan. 1,1899 Net debt Jan. 1 ,1 8 9 8 .... 357,167
($6,500 due yearly.)
Tax valuation 1897......... 3,862,492
W ater B onds, 1892.—
Assessment about % actual value.
4s, J&D, $200,000___June 1,1922 Total tax (per $1,000) ’97. .$20-00
Bonded debt Jan. 1, ’98...$318,100 Population in 1890 w as........ 4,638
Floating debt................. . 58,701 Population in 1897 (est. ( ___ 7,396
INTEREST on sewer bonds is payable at city treasury, on water
bonds in Boston, Mass.




STATE A1W CITY SUfflEMENT.

14

State of Vermont.
ras

D E B T , R E SO U R C ES, &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. 1900)
Edw. C. Smith
Secretaryof State, (term expires Oct. 1900) - Fred. A . Howland
Treasurer, (term expires Oct. 1900),
John L. Bdcon
Legislature meets biennially in even years the first W ednes­
day in October, and length of session is not limited.
H ISTORY OF DEBT.—For a brief history of the Vermont State
debt see State and City Supplement of April, 1895, pages 15 & 16.
The liabilities of the State on July 1,1898, were as follow s:
LOANS—
t— Interest.— , ,--------- Principal.—— ■—NAME AND PURPOSE.
Bate. Payable.
When Due. Outstand’g.
Agricultural College F u n d___ 6
J & D June 1, 1910 $135,500
Floating debt July 1 ,1 89 7 ........................................................
167,722
State school tax to be distrib’ d 5
........................................
87,195
do highway do
do
5
.......................................
87,195
INTEREST is payable at the State treasury.
T O T A L D EBT, ETC.—The total debt o f the State on July 1, 1898,
not including State school and highway taxes distributed July 1,1898,
was $303,222. On July 1,1898, the total resources were $537,619 59,
including cash on hand and in banks $137,431 76.
ASSESSED VALUATION.—The State’ s assessed valuation and tax
rate have been as follow s:
,--------------------- Assessed valuation.--------------------- . Tax rate
Tears.
Beal.
Personal.
Total.
per $1,000
$41,123,154
$157,265,133
$ ....
1 8 9 8 ...... $116,141,979
174,391,149
2-50
59,396,708
1897........ 114,994,441
174,697,223
TOO
60,996,759
1896........ 113,700,464
173,799,755
2'20
61,700,471
1895........ 112,099,284
175,132,912
1-00
63,045,247
1894........ 112,087,665
176,051.365
2-50
65,263,376
1893........ 110,787,889
........
178,052,513
65,157,388
1890........ 112,895,125
The tax rate for 1898 was $1-00 per $1,000 for State school
and State highway taxes of 50 cents each per $1,000, collected
and re-distributed to towns on a basis of the number of schools and
road mileage.
DEBT LIMITATIONS.—There appears to be nothing in the Consti­
tution or in the Statutes of Vermont providing a general limit to the
debt-making power of municipalities. Whatever in each case the Leg­
islature authorizes, the city, town, county or other civil division can
issue. Of course the purpose of the improvement must be o f a public
oharacter. Railroad subscriptions by towns are authorized by Section
2760, chapter 132 of the Revised Statutes,the section being as follows:
Section 2760. A town may aid in the construction of a railroad or­
ganized under the general law by issuing bonds to aid such railroad,
by taking capital stock therein, or in such other manner as it direotsbut the liability so assumed shall not exceed eight times the grand list
o f the town at the time. Such aid shall be given in the way provided
in this chapter.
It will be noticed that this section contains a limit to the power
granted of making subscriptions in aid of railroads—to wit : 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 owing; after this
is done “ the grand lis t” is made up by taking one per cent of that
amount, according to Section 317, Chapter 25, of the Revised Statutes,
which is as follows: “ All taxable property shall be set in the list at one
« per cent of its value in money on the first day of April of the year
“ in which the list is made.”
Following Section 2760, above cited, which authorizes subscriptions
in aid of railroads, are other sections describing the method in which
these subscriptions must be made, by calling a town meeting, voting,
&o., &c. Then follows Section 2766, authorizing the issue of bonds.
Section 2766. Such town may issue bonds, with coupons payable
semi-annually, at a rate of interest not exceeding seven per cent, to
aid such road.
The only other general authority granted for the issue of bonds by
municipal corporations in Vermont is that given for refunding out­
standing bonds and notes. The Sections which grant this power are
Sections 2769, 2775 and 2776, Chapter 132 of the Revised Statutes,
Sections 2769 and 2776 are as follows:
Section 2769. A town which has outstanding and unpaid negotiable
notes or bonds, issued to pay for stock subscribed to a railroad com­
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 of public buildings, or in a li of public improve­
ments!, or for the payment of soldiers’ bounties, may issue other
negotiable notes or bonds for the purpose of retiring the outstanding
orders, notes, bonds and coupons, in the same manner that it may issue
new notes or bonds to pay or retire outstanding notes or bonds issued
in aid of a railroad; and the powers, restrictions, duties and liabilities
o f the town and town officers in the matter shall be the same as is
»rovided by law in the case of the refunding by a town of town bonds
ssued 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
b y the two sections last above cited.
The only other section which we need quote is Section 2751 of
Chapter 130, which names the objects for which towns may vote money.
I f money is appropriated for any other object, the Charter or a special
statute must be looked to for the authority.
Section 2751.—Towns in town meetings may vote such sums of
money as they judge necessary for the support of the p oor; for laying
out and repairing highways; for the prosecution and defense of the
eommon rights and interests of the inhabitants, and for other necessary
incidental town expenses.

{




Voi.

Lxvn

POPULATION OF S T A T E .—According to the first census (1790) the
population of Vermont was 85,425, of which 44,756 were males, 40,39 8
were females and 271 free colored. The total in 1800 was 154,465.
Since that date each ten year aggregate is given below.
280,652
315,098 1830
1890
332,422 1860
235,966
314,120 1820
1880
332,286 1850
217,895
1810
291,948
1870
330,551 1840
SAVINGS BANKS INVESTMENTS—PRIVILEGES AND RE­
STRICTIO N S.—A single change with reference to savings banks
investments was made in 1896 and another in 1894. Important
changes were made in 1892 in the provisions in force regulating and
restricting the investment and loaning of the deposits. The whole
enactment on the subject as the sections now stand is contained in
the laws of 1884 amended in 1888, again amended in 1892 and
further amended in 1894 and 1896. In the year 1884 all previous
legislation respecting savings banks was collated and revised in and
by an act entitled “ An Act relating to Savings Banks and Trust Com panies ” In 1888 and again in 1892 the more Important seotions re­
lating to investments were amended. In 1894 only Section 26 was
changed, which fixes the portion of the deposits a savings bank may
put into a lot and building. In 1896 the only enactment was one pro­
viding that the capital of Savings Banks and Trust Companies be made
subject to the same laws of investment that already control their
surplus and deposits; this act of 1896 does not apply to investments
already made until January 1,1899.
In the following citations we have combined the legislation o f the
four years on the subject of investments, and therefore present the
law in the particulars mentioned as it exists to-day.
The first section having reference to investments is Section 23, which
treats of real estate mortgages. We need not cite the section in full. It
authorizes the investment of 70 p.o. of the assets in such mortgages, one sixth at least of which “ shall be upon real estate in this State” —that is
Vermont. A proviso adds that only 50 per cent of the assets may be
invested in mortgages on real estate outside o f Vermont. Section 24
relates only to obtaining and paying for insurance. Section 25 is a s
follows and has reference to investments on personal security.
Section 25—No loans or investments on personal security shall be
made except upon at least two approved names, not less than two of
whom reside in this State or within fifty miles of the institution making
suoh 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 only covers a single point, that is to say it restricts to
-five per cent (this read three per cent until the ohange in 1894) o f the
deposits the amount which a savings bank may invest in the lot and
building for the transaction of its business; then the law o f 1894 adds
that a revenue may be derived from portions of the building not required
for the bank’ s use. The next section (Section 27) covers the most im­
portant of the provisions relating to investments that are contained Id
thelaw. Wegivethesectioninfullbelow. The separation into paragraphs
and the figures inparenthesis 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 of the section can the more readily find the pari
desired. With that exception we give the section as it reads and waa
passed, preserving even the punctuation.
Section 27 (as amended by the Laws o f 1892;—With the foregoing
exceptions, the moneys deposited in Savings’ Banks, Savings’ Institu­
tions and Trust Companies, and the income therefrom, shall be invested
only as follow s:
(1.) In the public funds of the United States, or public funds for the
payment of principal and interest of which the faith of the United States
is pledged;
(2.) In the bonds or notes of the counties, cities, towns, villages and
school districts of the New England States, New York, Pennsylvania,
Ohio, Michigan, Indiana, Illinois and Iow a;
(3.) In the stock of any national bank in the New England States,
New York and the cities of Detroit, Chicago, St. Paul and Minneapolis;
in the stock of any banking association or trust company incorporated
under the authority of and located in this State;
(4.) In the municipal bonds, not issued in aid of railroads, o f
counties, oities and towns of five thousand or more inhabitants in the
States of New Jersey, Wisconsin, Minnesota and Missouri, and in
counties, cities and towns of ten thousand or more inhabitants in the
States of Kansas, Nebraska, North Dakota. South Dakota, Oregon
and Washington, but no investment shall be made in any of the
counties, cities or towns in the States above named, except in oities
of fifty thousand or more inhabitants, where the municipal indebted­
ness of such county, city or town exceeds five p er cent o f its assessed
valuation, and when not issued in aid of railroads;
(5.) In the school bonds and independent school district bonds o f New
Jersey, Wisconsin, Minnesota and Missouri, and in the school bonds and
independent school district bonds of school districts of two thousand
or more inhabitants in the States of Kansas, Nebraska, North Dakota,
South Dakota, Oregon and Washington, where the amount of such
bonds issued does pot exceed five per cent of the assessed valuation of
the respetctive cities, towns and school districts.
(6.) In the public funds of any of the States named in this section;
in notes with a pledge of any of the aforesaid securities, including de­
posit books or deposit receipts, issued by a savings bank, savings
Institution or trust company or banking association located in this
State as collateral, such notes not to exceed the par or market value
of such security;
(7.) But no savings bank, savings institution or trust company shall
hold, by way of investment or as security for loans, more than ten
per cent of the capital stock of any one bank, nor invest more than ten
per cent of its deposits, nor more than thirty-five thousand dollars, in
the capital stock of any one bank; and no such investments shall be
made In the capital stock of any such banks, owned or loaned upon, to
exceed in the aggregate one-fourth of the deposits of any savings bank,
savings institution or trust company.
The amount of loan which can be made to one person or corporation,
&c., is restricted by the next section, and we give it in full. It is as
follows:
Section 28.—No savings bank, savings institution or trust company
shall loan to any one person, firm or corporation, or the individual
members thereof, more than five per cent of its deposits, nor more
than thirty thousand dollars; nor shall suoh loan on personal security
exceed ten thousand dollars.
The following three sections (Sections 29, 30, 31) it is unnecessary to
insert in extenso. Section 29 restricts the amount in which any officer,
director or employee may at any one time be indebted to any “ trust
oompany; ” since Section 32 enacts that the words “ trust company

as used In the act shall “ include savings hanks,” this prohibition may
possibly apply to savings banks officers. Section 30 makes every stock*
holder in a “ trust company” liable for debts, &c., “ to the extent of
the amount of their capital stock.” Section 31 forbids any officer or
employee o f a savings hank, etc., receiving any fee or present, eto.,
directly or indirectly, for any loan made or security bought, eto.
The next section (32)we give in full. It confers authority upon sav­
ings banks to make deposits on call in banks and trust companies in
certain States and cities, and is as follows.
Section 32.—M.s amended by Laws 1888.page 56 J —The words “ trust
’Oompany” m this chapter shall be construed to include savings banks and
trust companies. A savings bank, savings institution or trust company
may deposit on call in banks, banking associations or trust companies
m this State, or in the cities of New York, Boston or Chicago, or in
national banks in the cities of St. Paul, Minneapolis and Kansas City
with or without interest, as may be agreed upon, sums not exceeding m
in the aggregate twenty per cent of the assets of such savings bank,
savings institution or trust company.
Section 33 enacts that savings banks may hold real estate acquired
on foreclosure or otherwise taken to secure debt, but it must be sold
within five years, &c. Section 34 authorizes savings banks to demand
and receive on loans 6 per cent interest.

Cities , Counties

and

T owns

IN THE

S T A T E OF V E R M O N T .

P O PULATION .—In 1890 the population was 14,590; in 1880 it was
11,365; in 1870 it was 14,387. According to local figures the popula­
tion in 1897 was about 17,000.

F A IR

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

LOANS —

When Due.
Water B onds—
4s, J&D, $26,000..................... 1905
Subject to call after 1895.
Bonded debt Aug. 1,1898.$26,000

Tax valuation 1898...... $1,169,025
Tax rate (per $1,000) ’ 98
$19-50
Population 1890..................... 2,791
Population 1880..................... 2,211

L U D L O W . — Fr an k A. W alker , Clerk.
This village is in Windsor County.
LOANS —
When Due. Total debt Mar. 1,1 89 8 .. $34,000
Sew er B onds—
Tax valuation 1897.......... 647,010
4s, A&O, $9,000.........Apr. 1,1905 Assessm’t abt. 55 p.o. actual value,
Subject to call after Apr. 1,1897 Tax rate (per $1,000) ’ 97.. $20-00
W ater B onds—
Population in 1890 w a s.. . . 1,081
4s, J&J, $10,000........ Jan. 1,1910 Population in 1895 (est.),.. 1,250
Subject to call after 1900
4s, J&J, $15,000___ Jan. 1,1915
Subject to call after Jan. 1, 1905
INTEREST on the sewer bonds is payable at the Ludlow Savings
Bank & Trust Co.

M I D D L E B U R Y . — C h a s . E . P i n n e y , Treasurer.
Middlebury town, including the village of the same name, is situated
in Addison County.
TOWN.
VILLAGE.
LOANS—
When Due.
LOANS —
When Due.
4 s ,..........$28.000............1898-1917 Water 4s, $30,000.........
1921
Bonded debt Mar. 1,1898.$28,000 Bonded debt Mar. 1,1898.$30,000
Tax valuation, 1897.........1,900,000 Tax valuation 1897......... 1,000,000
Total tax per $1,000’97.
$13-50 Tax rate (per $1,000) ’97....$20-00
Population 1890......................2,793 Population 1890...................... 2,793

R A R R 17
5 JOHN W. GORDON, Mayor.
D A V JTU T tH ..— $BURT H. WELLS, Treasurer.
This city is in Washington County.
LOANS —
When Due. Bonded debt Mar. 1, ’98. $138,000
R efunding B onds, 1896—
26,376
Floating debt..................
4s, M&N, $15,000...... May 1,1906 Total debt Mar. 1,1898.. 164,376
4s, M&N, 15,000......May 1,1911 A ssets...............................
56,908 M O N T P F T TPPXD
5 GEORGE H. GUERNSEY, Mayor.
4s, M&N, 15,000...... May 1,1916 Tax valuation 1897........ 2,594,211 ava
W IN x X -X LX jX X L lrt.— l Tt k , MERRILL Treasurer.
Sew er B ondsAssessment about 23 actual value.
The
city
is
situated
in
Washington
County. On March 5, 1895, the
48, J&J, $75,000... .July 1,1909 Tax rate (per $1,000)..
26-70
School B onds—
Population in 1897 (est.) ....8 ,3 0 0 town, village and school district were consolidated under a city charter
4Ljs, J&J, $ 1 8 ,0 0 0 ....July 1,1911 Population 1890......................6,812
When Due.
LOANSLOANS—
When Due.
R ailroad A id B onds—
INTEREST on refunding bonds is payable at the National Bank of 4s, J&J, $40,000........ Jan. 1,1911 4s, J&J, $15,000................. ...1 9 1 7
Bonded debt Feb. 1,’98.. $131,500
Redemption of Boston; on other bonds at National Bank o f Barre.
(Subject to call after Jan. 1,1896.) Tax valuation 1897........ 3,800,289
Water B onds—
Assessment about % actual value.
4s, J&J, [$12,000.......July 1,1904 Total tax (per $1,000) ’96..$15-00
B E N N I N G T O N . — C. H . D e w e y , Treasurer.
(Subject to call.)
Valueof water-wks.owned.13d,851
4s, A&O, $30,000....... Apr. 1,1914
A village in Bennington Co., forming part of town o f Bennington.
do
real estate owned. 16,500
(Subject to call.)
Population in 1890 w as........ 4,160
LOANS—
When Due. I Total debt Jan., 1898
$40.000 4s, J&J, $17,000....................
1917
Population
in 1897 (est.) ...,6 ,0 0 0
Sew er B onds—
|Tax valuation 18 9 7 .......2.183 820 4s, J&J, 17,500 ...................1917
4s, J&J, $35,000........ 1900 to 1916 1Population in 1890 was
3*971
INTEREST on the $30,000 water loan is payable at Montpelier
. T. T(^2i9°j?A^ue yearly.)
Population 1898 (estimated).5,000
4s, J&J, $5,000........ Jan. 1,1917 I
National Bank and upon the other loans at the Treasurer’s office.

"BJEill’S
NN
NG
TxOWI S
Moderator.
JZ>
INT11N
v-T
I NT. __ $¿E . DA. WELLING,
BOOTH, Clerk.
M O R R I S V I L L E . — F. G. F leetwood, Treasurer.
A shire town in Bennington County. (See separate statement for
Is in Lamoille County.
village of Bennington.)
LOANS —
When Due. Bonded debt Jan. 1,1898. $49,000
LOANS—
When Due. Bonded debt Jan. 1, ’98.- $128,000
Water & E lec.-Light B onds— Floating debt......................
6,000
R efunding B onds4s, F&A, $5,000........... Feb. 1,1900 Total debt Jan. 1 ,1 8 9 8 ... 55,000
Assessed
valuation,
real.2,263,568
48, J&J, $100,000.......July 1,1917 Assessed val’t’n, pers’l.. 1,479,026 4s, F&A, 14,000........... Feb. 1,1905 Total valuation 1897.......600,000
1 8 ,000.... 1899 to 1900 Total valuation, 1897...3,742,594 4s, F&A, 10,000........... Feb. 1,1910 Assessment about L) actual value.
4 s , .......
($9,000 yearly on Jan. 1.)
Population 1890.................... 6,391 48, F&A, 10,000........... Feb. 1,1915
rate (per $1,000) ’ 97. $21-00
4 s , ....... $10,000.......Jan. 1,1901 Population 1898 (est.).......... 8,000 4s, F&A, 10,000........... Feb. 1,1920 Tax
Population in 1895 (est.).
1,600
INTEREST is payable at the Nat. Bank of Redemption, Boston.
B R A T T L E B O R O . — W . H . B rackett, Treas'r.
This town is in Windham County
N E W P O R T . — H . S. R oot, Treasurer.
_ LOANS —
When Due. I Total debt Sept. 1,1898. $77,000
This village is in Orleans County.
B ridge B onds—
|Assessed valuations,real2,773,185
4s. J&J, $15,000........ July 1,1918 I Assessed valuations, p’1.1,800,436
LOANSWhen Due. Tax valuation 1897..........$978,987
R oad Im pv ’ t B onds­
Water B onds—
|Total valuations 1897...4,573,621
Tax rate (per $1,000) ’97...$15-50
es ........... $6,000.............. 1899-01 I Assessment about *2 actual value. 4s, J&D, $40,000.......June 1,1920 Population in 1880 w as......... 920
4 s . ........
5,000.............. 1899
|Total tax rate (per $1,000)...$9-00 Bonded debt Jan. 1,1898. $40,000 Population in 1890 w as........ 1,730
T own H all B onds—
9,000
I Population in 1898 (est.)__ 7,000 Floating debt.....................
4s, J&J, $50,000............... 1909-19 I Population in 1890...............6,862 Total debt Jan. 1 ,1 8 9 8 ... 49,000 Population 1896 was (est.)..3,000
INTEREST on town-hall bonds is payable in New Y ork; on other
INTEREST is payable at the Third National Bank, Boston.

bonds in Brattleboro.

B T J R T T 'N r n - n r m v j
5 HAMILTON s . p e c k , Mayor.
U -TYJ-.11N Lx I LJIN .— l Li c> GRANT, Treasurer.
This city is in Chittenden County.
LOANS—
,— Interest.— , ,----------- Principal.----------,
PURP°SE.
P.Ot. Payable. When Due. Outstand’g.
City improvement bonds........ 4
J & J Jan. 1,1914-15 $40,000
.
($20,000 due yearly.)
D ^ ^ /H ° ndiS •**v **A ............... 4 J & J
Jan. 1, 1919
65,000
Refunding imp. bonds............. 4 J & J
Jan. 1, 1913
20 000
y -----4 J & J
Jan. 1, 1914
15,000
do
RR. bonds, 1891...
4 A. & O
Apr. 1, 1931
160,000
.
■ 1
Subject to call Apr. 1, 1911
do
water b o n is ........... 4
J & J Jan. 1,I 1906
____
160,000
do
do
............ 4
J- &| J
Jan. - 1, —
1914
30,000
School bonds..............
4
A & O Apr. 1, 1913
37,000
do
............ 4 J & J
Jan. 1, 1914
20,000
do
4 A & O
Oct. 1, 1915
25,000
do
............................ 3*2 J & J
July 1, 1923
85,000
Street improvement bonds.*.*.* 4
J & J
July 1, 1916
20,000
do
........................... 4
J & J July 1, 1917
20,000
do
........................... 4
J & J July 1, 1918
20,000
INTEREST on the refunding water bonds due in 1906 and on the
refunding railroad bonds is payable at the Fourth National Bank,
New York; on all other bonds at the office of the City Treasurer.
Df B T , SINKING FUND, Et c .—The city’s bonded debt
f 6,12,000, of which $255,000 was water debt;
«
2
+
4°I,al. debt, $668,500; sinking funds, $167,146;
net debt, $501,354. The sinking fund is invested in city bonds, and
the interest amounts annually to about $6,000. In addition 5 per cent
o f the taxes, amounting to about $6,000, is annually appropriated to
the sinking fund.
ASSESSED VALUATION.—The assessed valuation (about 80% of
actual value) and the tax rate have been as follows in years indicated
_
------- —— ---------Valuation.---------------------- * Tax rate
. Real.
Personal.
Total.
p er $1,000.
97..................... $ ............
$ ........
$12,884,690
$15-00
*895.....................
■
............
12,139,800
15-00
1894..................... 7,129,950
3,597,703
10,727,653
11-00
1890..................... 6,927,963
3,217,209
10,145,172
12 00
1886.........................................
............
8,450,000
11-00




N O R T H F I E L D . — H . 0 . Ca d y , Treasurer.
This village is in Washington County.
LOANS —
When Due. Floating debt (about)........ $8,000
E lectric Plant B ondsTotal debt Feb. 1 , ’98, (abt.) 43,000
48, J&D, $35,000.......June 1,1917 Assessed valuation, 1896. 590,491
<$5,000 subject to call after 7 yrs., Assessment about ¿3 actual value.
and $20,000 after 10 years.)
Population 1897 (est.).........1,500
P R D n T D R
5 GEO. W. KEEFE, Mar or.
r - x - i . w w x u n . — )W M . SMITH, Treasurer.
This village is in Rutland County.
L O A N S—
When Due. Tax valuation, real........ $920,000
4s, J&J, $50,000...Jan. 1.1900-22 Tax valuation, personal. 150.000
(Subject to call after 1900.)
Total valuation 1897___1,070,000
Bonded debt Feb. 1, ’98.. $50,000 Tot. tax rate(per $1,000)’98.$13-50
Other debt........................
11,500 Population in 1897 (e s t.)
1,900
Total debt Feb. 1 ,1 89 8 .. 61,500 Population in 1890 was........ 1,758
INTE R EST is payable at Village Treasurer’s office.

R A N D O L P H . - W. H
This village is in Orange County.
LOANS —
When Due.
W ater Supply B onds, 1887—
4s, J&J, $21,000..___July 1,1907
Subject to call at any time.
Int’st payable at Treasurer’s office.

D u B ois, Treasurer.
Total debt Jan. 1 ,1 8 9 8 .. $21,000
Tax valuation 1897......... 1,200,000
Total tax (per $ 1 ,00 0 )........ $10-00
Population in 1890 w as......... 1,634
Population in 1880 w as....... ,1,060

R U T L A N D . — F red . A. F ield , Treasurer.
This city is in a town and a county of the same name.
LOANSWhen due.
School D ebt—(Con.)—
G eneral D ebt4s, . . . . , $1,000*..................... 1898
48, J&J, $25,000.........June, 1926
($1,000 due yearly in Nov.)
4g, M&N, 100,000*....... May, 1924 4 s ,.......$40,000*........ 1904 to 1919
4g, M&N, 50,000*.......Nov., 1924 ($10,000 due every 5 yrs. in Nov.)
School D ebt 4s, . . . . , $30,000*.........May, 1925
58, $7,000*...............1 8 9 8 to 1900 4s, . . . . ,
5,000........... Nov., 1925
($2,000 due yearly in Dec.)

STATS AWB CITY SUfflSlvrSWT,

16

Vol. XYL1I

LOANS.— Interest— ,
r- -----------Principal.------------ >
When Due.
Outstand’g.
NAME AND PURPOSE. P. Ct. Payable.
Metropolitan sew er____ . . . . r 3 g M & S Jan. 1,1930 5.830.000
Moh. 1,1935
do
do
.................. 3 g M & S
500.000
Jan., 1930
80,000
do
do
................. 3*2 ............
Jan., 1935
300.000
do
do
.................. ^
............
Jan.
1,1934
1.800.000
Parks (Metropolitan)............. r 3^2 g J & J
do
do
............. r 3*2 g J & J Jan. 1. 1936 2,600,000
Jaa., 1937 2.400.000
do
do
................ 3*2 .............
July 1,1901
935,00(v
State House............................ r 3 g J & J
do
.............................r JJ^gJ & J July 1,1901 1.400.000
State House construction___r 3 g A & O Apr. 1,1909 2.500.000
do
do
do
. . . . r 3 g A & O Apr. 1,1915
550.000
do
do
do
___ r S ^ g A & O Apr. 1,1916
625.000
............ April, 1917
do
do
do
3
t—<rn
a
i—i a x t q
) FULLER O. SMITH, Mayor,
125.000
o 1 . A l _ i J = 5 A . l N o . — s B. D. HOPKINS, Treasurer.
Water loan (Metropolitan) ’95 3 ^ g J & J July 1,1935 7.000.
000
July 1, 1935 6.000. 000
This city is in Franklin County. This city was organized March 2,
do.
do
’97 3^2g J & J
1897, and comprises the moBt populous portion of the town of St.
do
do
’ 98 3*2 J & J J a n .1,1938 4,000,000
Bonds over due, not presented........................
5,000
Albans. The town is a wholly separate municipality.
PAR VALUE OF BONDS. —The coupon bonds are in $500 and
-Principal —
LOANS,— Interest.— ,
Outstanding.
When
Due.
N A M E A N D PU R PO S E .
P.Ot. Payable.
$1,000 pieces and the registered $1,000 and upward.
$5,000 yearly
$45,000
Town—Refunding bonds. 3 ^ J & J
INTEREST on all sterling bonds is payable by Baring Brothers,
on July 1.
London; on all others at State Treasury, at Boston.
(The city’ s proportion is $39,135.)
n l » 5 Feb. ft 1908-14
T O T A L DEBT, SINKING FUNDS, ETC.—The subjoined statement
35.000
Town—Funding
1897
1 “ A ' $5,000 yearly.
shows Massachusetts’ s total funded debt and the sinking fund.
a jtr r\ 5 O ot.l,’99,tol909 I
55.000
City—Water bonds 1890
n. <b
^5(ooo yearly. 1
Jan. 1, ’98.
Jan. 1 ,'9 7 .
Jan. 1, ’96.
$40,636,729
$29,675,229
funded debt.........$51,563,729
1, ’98-1907 ,
63.000 Total
J & D l( Dec.
do
do
’ 92
Sinking funds, etc......... 13,889,893
13,458,574
13,089,874
$5,000 yearly. 1
1,1899 ’ 18. i
37.000
A & O l\ Oct.
do
do
’ 94
$27,178,155
$16,585,355
Net debt, .......... .$37,673,836
$2,000 yearly. 1
t
t -. <
, Dec. 3 0 ,1898-’ 21 j
ASSESSED V A L U A T IO N .—The State’ s assessed valuation has been
24.000
School Dist. bonds 1896
j »
$1,000 yearly. <
as follow s:
PAR VALUE.—The City 4s are for $500 and $1,000 each.
Years.
Beal Estate.
*Personal Property.
Total.
INTEREST is payable in Boston at National Bank of Redemption.
1897................. $2,117,888,637
$1,340,093,517
$3,457,982,154
1896.................
2,040,200,644
1,330,153,356
3,370,354,000
T O T A L DEBT, ETC.—City’ s total fundeddebt January 1,1898, whs
1895................. 1,964,834,106
1,304,518,417
3,269,352,523
$265,135.
1 8 9 4 ............... 1,898,855,000
1,222,194,557
3,121,049,557
ASSESSED V A L U A T IO N .—City’s assessed valuation (same as 1893................. 1,839,663,813
1,072,007,533
2,911,671,346
actual value) in 1897 was $3,474,709, including polls; tax rate (per 1892................ 1,753,655,698
1,043,612,025
2,797,267,723
$1,000) $22-50.
1891................. 1,678,545,512
1,012,425,145
2,690,970,657
C ITY P R O P ER TY.—The City owns its water works and two 1890................. 1,600,137,807
1,013,077,330
2,613,215,137
reservoirs, with a dual capacity of 240,000,000 gallons. In year 1885................. 1,287,993,899
827,043,710
2,115,037,609
1895-96 cash water receipts were $14,951; operating expenses, $4,698. 1880................. 1,111,160,072
816,695,358
1,927,855,430
POPULATION .—Town’s population in 1890 was 7,771; city’ s pop­
* includes, beginning with 1894, sundry small items not previously
ulation 1897 (estimated), 6,500.
counted.
POPU LATION OF S T A T E .—Massachusetts has the largest popula­
t TT'td
XT’ t\t "tvttt1c
$ ISAAC H. SMITH, Mayor.
tion of any of the New England States. In 1790 numbers were 378,V XL XT Lx XL IN in - t L o .— \J . A. HARRINGTON, Treasurer.
This city is situated in Addison County.
787 and in 1800 422,845; in the next fifty years the increase was to
LOANS—
When Due. \Total debt Mar. 15,1898. $66,000 994,514, and the 1890 Census showed a total o f 2,238,943.
W a t e r B onds —
Tax valuation, 1 8 9 5 ...... 800,000
1,457,351 I1830............. 610,408
1895............ 2,495,345 I1870........
4s, Aug. 1, $26,000 ..June 1,1908 I Assessment about % actual value. 1890............ 2,238,943 |1860............ 1,231,066 1820............ 523,159
4s, Sept. 1, 20,000..Sept. 1,1914 I Taxrate (per $1,000)..(?)
13-50 1 8 8 5 ........ 1,942,141 I 1850............ 994,514 1810............. 472,040
Floating debt..................... $20,000 |Population in 1890 was..........1,773 1880............ 1,783,085 |1840............ 737,699 |
Interest on bonds due in 1908 is paid by the City Treasurer; on those
DEBT LI IMITATIONS.—There seems to be no provision in the Con­
due In 1914 interest is paid in Boston.
stitution of Massachusetts limiting the power of the Legislature to
W O O D S T O C K . — F. 0 . S o u t h g a t e , Treasurer. create State indebtedness, or limiting its power to authorize municipal
indebtedness. Statutes general and special have, however, been passed
This town is in Windsor County.
LOANS —
When Due. Net debt Feb.7,1898..
$31,811 on this subject with respect to Cities and Towns.
First among these Statutes needing mention we have Chapter 29 o f
RR. A id B onds Valuation, real, 1897.. 1,176,760
48, A&O, $27,600........ Oct. 1,1900 Valuation, personal___ 1,534,432 the Revised or “ Public Statutes.” The important sections to be cited
Subject to call at any time. Total valuation 1897... 2,711,192 contained in Chapter 29 are as follows. We give only the substance
Floating debt........................ $8,438 Assessment about 23 actual value.
Total debt Feb. 7 ,1 89 8 .......36,038 Tax rate(per $1,000)’97
$14-72 of the sections, not the words.
Assets................................... 4,227 Population in 1890 was......2,545
S ection 1—Provides that cities and towns shall not incur debt
INTEREST is paid at the Woodstock National Bank and at the except in the manner and within the limitations prescribed in this
chapter.
National Revere Bank in Boston.
Section 2—Provides (as a preliminary for determining whether the
limitation fixed by Section 4 has been reached by any municipality)
that the water debt and the sinking funds shall be deducted from the
total debt.
Section 3—Provides that the first 17 sections of chapter 29 shall no t

LOANS—
When Due. I Bonded debt Jan. 1, ’98. $505,500
Sew er D ebt—
Floating debt..................
30.915
4g, M&N, $25,000*.....Nov., 1924 I Total debt............................ 536,415
4g, M&N, 75,000*__ May 1,1926 I Sinking fund, e t c .............
17,962
Water D ebt —
i Net debt, Jan. 1 ,1 8 9 8 ... 518,453
5 s ,........ $13,500*...........Jan., 1899 *Total valuation 1897... 8,550,798
5 s ,........ , 17,000*..........July, 1899 I Total tax rate (per $1,000) .$15-00
4g, M&N, 50,000*.........May, 1924 |Population in 1890 was
8,239
4g, M&N, 65,000*......... Nov., 1924 Population in 1880 was
7,502
4 b............ 2,000.......... Nov., 1925 |Population in 1897 (est.)... 14,OOo
* Coupon.
INTEREST is largely payable at Nat. Bank of Redemption, Boston.

State of Massachusetts.
ITS

D E B T , R E SO U R C E S,

E tc .

apply to debts incurred in aid of railroads, to water scrip is'sued under
special statutes, or to indebtedness for a fire district.

Section 4—Provides that no city or town except as provided in the
following section shall become indebted in an amount which exceeds 3
per cent on the last preceding valuation [but amended as noted below.]
Section 5—Provides that cities and towns which were indebted on
the 13th day of June, 1875, to an amount not less than 2 per cent on
valuation for that year may “ increase such indebtedness to the extent
“ of an additional one per cent on that valuation and no more.”
Section 6—Provides that cities, &c., “ may by ordinary vote incur
debts for tempory loans ” in anticipation of the year’s taxes and of the
year’ s taxes next ensuing.
Section 7—Provides that other debts than those referred to in
section 6 shall be incurred only by a vote of two-thirds of the voters
present at a tow n ’ meeting, of two-thirds of all the members of each
branch of the city council, and approved by the Mayor; or if the Mayor
disapproves, by another like vote after notice of such disapproval.
Section 8—Provides that debts incurred for water must be payable
H ISTO R Y OF D E B T .—For history o f the State debt see State within 30 years; in constructing sewers within 20 years; all other debts
a n d Cit y S u pplem en t of April, 1895, page 18. The debt at present is within 10 years.
Sections 9 to 17 inclusive, contain interesting provisions relating to
given in detail in the following table. A ll loans are payable, both prin­
sinking funds and other allied matters.
cipal and interest, in gold.
Section 18—Provides that any city which at a meeting of its voters
.-----Interest.-----, -----------Principal.-----LOANShas accepted by a two-thirds vote any act to supply said city with
N A M E A N D P U R PO SE.
P.Ot. Payable.
When Due. Outstand'
water,
may by a vote of a majority o f the members of each branch o f
Abolition of grade crossings, r 3*2 g M & N Nov. 1,1923 $500,OC
the city council contract debts and issue bonds for the purpose.
do
do
Nov. 1,1923 4,000,OC
do
Section 19—Provides that towns, &c., shall not increase their debt
do
r 3 g M & N Nov. 1,1923
500,0(
by subscriptions in aid of railroads beyond 3 per cent of valuation; but
mory bonds, gold........
3 g M & S Sept. 1,1918
830,OC
do
do
the limitation of this section shall not apply to temporary loans men­
do.........
3 g M & S Sept. 1,1920
55,0C
tioned in Section 6.
do
do
do..........
3 g M & s Sept. 1,1921
95,0C
do
do
do.........
3 g M & s Sept. 1,1922
100,0C
S ections 20 to 23, which are the final ones of Chapter 29, have no
do
do
do.........
3 g M & s Sept. 1,1923
110.0C
reference to the subject we are discussing and need not be cited.
do
do
do..........
3 g M & s Sept. 1,1925
150,OC
As
the reader has seen, the foregoing (Section 4, Chapter 29) fixes the
do
do
do..........
3
Mar., 1927
120,OC
general debt limitation for oities and towns at 3 per cent.
Bos. H. &ErieRR.ster’g.c*<fer. 5 g J & J Jan. 1,1900 £743,6C
Fitchb.RR.securities,’93.c*&r 3 % g F & A Aug. 1,1913 $5,000,0C
This general limitation was lowered by a later law. The provision is
Grade crossing......................... 3 ijg .......... . Nov. 1, 1923
500,OC
found in Chapter 312, Section 2 of the “ Public Statutes,” which provi­
Harbor improvement............. 3*2 ............
Jan., 1937
500,OC
sion reduces the general debt limitation from 3 per cent to 21a per
Highways, gold...................... r 3 ^ g A & 0
Apr. 1,1920 1,300.0C
do
do ......................... 3*2 ............
April, 1927
cent on the average valuation for the preceding three years. Worcester,
700,0(
Hospital loans........................r 3 ^ g M & N Nov. 1,1925
10 , 0<
Lynn, Gloucester and Brockton are in the same Section exempted from
do
do .......................r 3 g M & N Nov. 1,1925
300.01
the operation o f the Section until January 1,1889—later than 1889 the
Medfleld Insane Asylum, g,’94r 3 ^ g A & O Apr. 1,1924
700.01
do
do
3 *2 g A & O Apr. 1, 1915
only exemptions we find in the Statutes are special in their purpose,
300,0(
do
do
3J2 .............
April, 1927
25,0(
not general.
Registered loan o f 1898............ 3 A & O
Apr. 1,1928 1,000,01
The temporary loans provision, as it appears above in Section 6
“
“ ............ 3 1" A & O Apr. 1, 1928
3iiO,0<
(Chapter 29), is also changed by Section 4, Chapter 312, by omitting
“
“
“ .........
3*2 M & N May 1,1928 1,500,0<
“
i
“ ............. 3*2 J & J July 1,1938 1,100,01
“ and of the year next ensuing; ” so that at present cities and towns by
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
.
.
.
.
8,315
State Capital
Boston
Governor (term expires 1st W ed. Jan., 1899) - Roger W olcott
Secretary of State (term exp. 8d W ed. Jan..’99) W illiam M. Olin
Treasurer (term expires 3d W ed. Jan., ’99) - Edward P. Shaw
A u d i t o r ..................................................... John W . K im ball
Legislature meets annually the first Wednesday in January,
and sessions are not limited as to length of time.




M a s s a c h u s e t t s -b e s t or

October, 1898.

ordinary vote can incur debts for temporary loans in anticipation of
the taxes o f the year only in which such debts are incurred.
Temporary loans (for a term not exceeding one year) in anticipation
of money to be derived from an issue of bonds or other form of indebt­
edness, duly authorized, are provided for by a statute approved June
14,1898. The same Act states that the time within which said bonds»
eto., shall become due shall not be extended by reason of said tempor.
ary loan.
The foregoing statements cover all the material facts general in their
application passed with respect to debt limitation. In addition to
these General Provisions there are various Special Laws which contain
exceptions to the general law as to debt limitation, which apply to Bos­
ton, Cambridge, Lynn, Newburyport, Waltham, Worcester, &e., &c.
SAVINGS BANK

IN V E S T M E N T S -P O W E R S AND RESTRIC­

T IO N S .—The provisions regulating the investments and loans of
savings banks and institutions for savings in Massachusetts are con­
tained in Section 21, Chapter 317, acts of 1894, and amendments
thereof. All the provisions have been compiled by the Commissioners
of Savings Banks, and we cannot do better than to give their compila­
tion, which we do below in full—incorporating however an amendment
passed March 16,1898. which slightly changes the requirements as to
investments in railroad bonds, so that bonds can only be purchased
where dividends have been paid ‘.‘of not less than 3 per cent per
annum, &c.”
Massachusetts savings bank deposits and the income derived there­
from shall be invested only in manner following, to-w it:
P u b lic F u n d s .—Aggregate o f Investments Unlimited.—
Bonds of the United States.
Bonds of any of the New England States.
Bonds of the States of New York, Illinois, Pennsylvania, Ohio, In­
diana, Iowa, Wisconsin, Michigan, Minnesota, Missouri and of the
District of Columbia.
Bonds or notes of any county, city or town of this Commonwealth.
Bonds or notes of incorporated districts in Massachusetts whose net
indebtedness* does not exceed five per cent of the last preceding valua­
tion o f the property therein for the assessment of taxes.
Bonds or notes of any city of the States of Maine, New Hampshire,
Vermont, Rhode Island or Connecticut whose net indebtedness* does
not exceed five per cent of the last preceding valuation of property
therein for the assessment of taxes.
Bonds or notes of any county or town of the States of Maine, New
Hampshire, Vermont, Rhode Island or Connecticut whose net indebted­
ness* does not exceed three per cent of the last preceding valuation of
property therein for the assessment of taxes.
Bonds issued for municipal purposes, and refunding bonds issued to
take up at maturity bonds which have been issued for other than mu­
nicipal purposes, but on which the interest has been fully paid, of any
city of the States of New York, Ohio, Illinois, Pennsylvania, Indiana,
Michigan, Iowa, Minnesota, Missouri and Wisconsin, having at the date
o f such investment more than 30,000 inhabitants, as established by
the last national or State census (or city census certified to by the city
clerk or treasurer of said city, and taken in the same manner as a
national or State census preceding such investment), and whose net
indebtedness* does not exceed five per cent of the last preceding valua­
tion o f property therein for the assessment of taxes.
R a ilr o a d R on ds and Notes ,—Aggregate o f Investments Unlimited
First mortgage bonds of any railroad company incorporated under the
authority of any of the New England States whose road is located
wholly or in part therein, which is in possession of and operating its
own road, and which has earned and paid regular dividends of not less
than 3 per cent per annum on all its issues o f capital stock for the two
years next preceding such investment; or in the first mortgage bonds,
guaranteed by such railroad company, of any railroad company so in­
corporated whose road is thus located.
First mortgage bonds of any railroad company incorporated under
the authority of any of the New England States and whose road is
located wholly or in part in the same, and has earned and paid regular
dividends o f not less than 3 per cent per annum for the two years next
preceding such investment on all its issues of capital stock, notwith­
standing the road of such company may be leased to some other railroad
company.
Bonds or notes o f any railroad company incorporated under the laws
of this Commonwealth, whose road is located wholly or in part therein,
unencumbered by mortgage, which has paid a dividend of not less than
five per cent per annum for two years next preceding such investment.
Street railway companies shall not be considered railroad companies
within the meaning o f this section.
Bonds and notes of the New York New Haven & Hartford Railroad
Company, issued according to law, notwithstanding the existence of a
mortgage indebtedness not matured upon the whole or a part of the
road of said railroad company.
Bonds or notes of the Old Colony Railroad Company, issued accord­
ing to law, notwithstanding the mortgages on that part of its road
formerly belonging to the Boston Clinton Fitchburg & New Bedford
Railroad Company.
Bonds and notes of the Fitchburg Railroad Company, issued accord­
ing to law.
Bonds and notes of the Boston & Lowell Railroad Corporation, issued
according to law, notwithstanding the mortgages on that portion of its
road formerly belonging to the Salem & Lowell and Lowell & Lawrence
railroad companies.
First mortgage bonds of the Concord & Montreal Railroad, notwith­
standing such company be formed by the union of two or more compa­
nies only one of which has paid regular dividends for the two years
next preceding such investment on all its issues of capital stock, and
notwithstanding the mortgage indebtedness existing on that part of its
road formerly belonging to the Boston Concord & Montreal Railroad:
provided, 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 se­
curing the same, be made applicable exclusively 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 Common­
wealth and doing business in the city of Boston, as may be approved by
the board of commissioners of savings banks.
In the bonds of the Maine Central Railroad Company known
as consolidated mortgage bonds, notwithstanding the existence
o f a mortgage indebtedness not matured upon the whole or
a part of the road of said railroad com pany: 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
o f 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 of the same, said bonds shall be deposited with and held

* The term “ net indebtedness ” used of city, town or district in any
statute limiting or regulating the investment of the deposits in savings
banks and trust companies, or other like funds, shall be construed to
denote the indebtedness of such city, town or district omitting the debt
created for supplying the inhabitants with water, and deducting the
amount of sinking funds available for the payment o f such indebted­
ness.




state.

17

by such trust company, incorporated under the laws o f this Common­
wealth and doing business in the city of Boston, as may be approved by
the board of commissioners of 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.
Bonds of the New York & New England Railroad Company issued
according to law, and for the payn ent of the principal and interest o f
which first mortgages, made as provided in cnapter three hundred and
one of the acts of the year eighteen hundred and eighty-eight are held
as collateral security under an indenture of trust duly made and
entered into for that purpose: provided, that the amount of the
bonds so issued shall not exceed the amount of the mortgages so held
in trust, and that no one of said mortgages shall exceed in amount
sixty per cent of the value of the real estate thereby m ortgaged; and
no investment in said bonds shall be made by any such corporation
except upon the report of not less than two members of the board of
investment, who shall certify to the value of the premises covered by
each of said mortgages according to their best judgment, and such
report shall be filed and preserved with the records of the corporation.
When the first mortgage indebtedness to the amount of three hun­
dred and fifty thousand dollars, now existing upon that portion of the
railroad of the Boston Revere Beach & Lynn Railroad Company
lyiDg between Boston and Lynn in this Common wealth, and maturing
on the fifteenth day of July in the year eighteen hundred and ninetyseven, shall have been discharged, savings banks and institutions fo r
savings in this Commonwealth may invest their deposits and the in­
come derived therefrom, in the bonds of said company issued accord­
ing to law, notwithstanding the existence of the present mortgage
indebtedness, not matured, upon that part of its railroad, franchise
and property, formerly belonging to the Boston Winthrep & Shore
Railroad Company.
R a n k Stock .—Thirty-five per cent o f deposits, both as loans and
investments.—Stock of any bank incorporated under the authority of this
Commonwealth.
Stock of any national bank located in any of the New England
States.
Stock of any trust company, or safe deposit and trust company,
incorporated under the laws of and doing business within this Com­
monwealth, as provided for in chapter four hundred thirteeen o f the
acts of the year eighteen hundred eighty-eight, or of those trust com­
panies, or safe deposit and trust companies, incorporated as such by
special charters granted under the laws of and doing business within
this Commonwealth, whose special charters require them to provide
the same security as prescribed in sections thirteen and fourteen o f
said chapter four hundred thirteen.
Holdings, by way o f investment or as security fo r loans, in the stock o f
any one bank, trust company, or safe deposit and trust company not to
exceed three per cent o f deposits nor more than $100,000, nor an amount
exceeding one-quarter o f the capital stock thereof.
R ea l Estate for R a n k in g P u rp o ses.—Five per cent o f deposits
but not exceeding $200,000.—For the purpose of a site and the erection
or preparation of a suitable building for the convenient transaction o f
its business.
R e a l Estate by F o reclosu re.—May hold real estate acquired by
foreclosure or otherwise; same to be sold within five years after the
title is vqpted in the corporation. Commissioners may in certain cases,
upon petition of the board of investment, grant an additional time
within which such real estate shall be sold. See Chapter 77, Acts of
1886.
L o an s o n R ea l E state.—Seventy per cent o f whole amount o f
deposits.—First mortgages on real estate situated in this Common­
wealth, to an amount not exceeding sixty per cent of the valuation
thereof, no loan to be made except upon report of not less than two
members of the board of investment, who shall certify to the value o f
the premises to be mortgaged, such report to be filed and preserved
with the records of the corporation.
L o an s o n P erso n al Security .—Thirty-three and one-thirdp er cent
o f deposits and income. Bonds or other personal securities, payable
and to be paid at a time not exceeding one year, with at least tw o
sureties, if principal and sureties are all citizens of and resident in this
Commonwealth, provided that the total liabilities to any such corpora­
tion of any person, partnership, company or corporation for money
borrowed upon personal security, including in the liabilities of a part­
nership or company the liabilities of the several members thereof, shall
at no time exceed five per cent of such deposits and income.
L o an s on R a ilr o a d Stock —Aggregate o f investments unlimited•
—Notes of citizens of this Commonwealth, with pledge as collateral o f
the stock of any railroad company incorporated under the authority of
any of the New England States whose road is located wholly or in part
therein, which is m possession of and operating its own road, and
whichhas earned and paid regular dividends of not less than five per cent
per annum on all issues of its capital stock for five years next preceding
the date of such note or notes or any renewal thereof, at no more than
seventy-five per cent of the market value thereof, such note or notes to
be made payable on demand and to be paid or renewed within one year
of the date thereof.
Note or notes of any citizen of this Commonwealth, with a pledge as
collateral of shares of the capital stock o f the Boston & Lowell Rail­
road Corporation; of the Boston & Providence Railroad Company; of
the Connecticut River Railroad Company, and of the Old Colony Rail­
road Company, notwithstanding the road of each of said comoanies
may be leased to some other railroad company; such note or notes not
to exceed in any case seventy-five per cent of the market value o f
the securities pledged, and to be made payable on demand, and to b e
paid or renewed within one year of the date thereof.
Street railway companies shall not be considered railroad companies
within the meaning o f this section.
L oan s o n P u b lic F u n d s—Aggregate o f Investments Unlimited—
Notes of any citizen of this Commonwealth,with pledge of the bonds of
the United States; any of the New England States; State of New Y o rk ;
bonds or notes of any city, county or town of this Commonwealth;
bonds or notes of any city of the States of Maine, New Hampshire, Ver­
mont, Rhode Island or Connecticut whose net indebtedness* does n ot
exceed five per cent of the last preceding valuation of property therein
for the assessment of ta x es; bonds or notes of any county or town
thereof whose net indebtedness* does not exceed three per cent of such
valuation.
xioans noi to exceea me par value o f the securities pledged.
Notes of any citizen of this Commonwealth, with a pledge as collateral
of the bonds of the States of Pennsylvania, Ohio, Michigan, Indiana, Illi­
nois, Wisconsin, Iowa, Minnesota, Missouri and of the District of Colum­
bia; of any city of the aforesaid States and the State of New York, issued
for municipal purposes, and refunding bonds issued to take up at matur­
ity bonds which have been issued for other than municipal purposes but
on which the interest has been fully paid, which has at the date of such
investment more than 30,000 inhabitants, as established by the last
national or State census, or city census taken in the same manner as a
national or State census, whose net indebtedness* does not exceed five
per cent of the last preceding valuation of the property therein for the
assessment of taxes.
J
Loans not to exceed eighty per cent o f the market value o f the securities
pledged.
Loans on R ailroad. R o n d s.—Aggregate o f Investments Unlimited.—
Notes of any citizen of this Commonwealth, with a pledge as collateral
or. any of the following securities, viz.: First mortgage bonds of any
railroad company incorporated by any of the New England States,

18

*

Vol. L X V II

whose road is located wholly or in part therein, which is in possession
o f and operating its own road, and which has earned and paid regular A B I N G T O N . — G. R. F arrar , Treasurer.
This town is in Plymouth County.
dividends for two years next preceding such investment.
First mortgage bonds, guaranteed by such railroad company, of any
LOANS —
When Hue. Floating debt................... $42,276
railroad company so incorporated, whose road is thus located.
Water L oanTotal debt Jan. 1 ,1898.. 173,276
Bonds or notes of any railroad company incorporated under the laws 48, May, $90,000.......May 1,1899 Assets...........................
30,257
o f this Commonwealth whose road is located wholly or in part in the ($5,000 due yearly) to May 1,1916 Net debt Jan. 1 ,1 8 9 8 .... 143,019
same, which is unencumbered by mortgage, and which has paid a divi­ 4s, Jan., $18,000........ Jan. 1,1899 Tax valuation 1897.........2,250,417
dend o f not less than five per cent per annum for two years next pre­ $1,000 due yearly) to Jan. 1,1918 Prop’ty is assessed at actual value.
ceding such investment.
4s, M&N, $3,000.........May 1, 1926 Total tax (per $1,000) ’97..$21*60
First mortgage bonds o f any railroad company incorporated under 4s, May, 11,000..........1917 to ’ 25 Population in 1895 was........ 4,207
the authority of any of the New England States and whose road is 4s......... . 3,000.......................1928 Population in 1890 was........ 4,260
located wholly or in part in the same, and has earned and paid regular
INTER EST is payable in Boston at the National Bank of Redemption
dividends for the two years next preceding such investment on all its
issues of capital stock, notwithstanding the road of such company may
A
D A M S .__ This town is in Berkshire County.
be leased to some other railroad company.
Bonds and notes of the New York New Haven & Hartford Railroad
LOANSAm’t Oulst’g ,
LOANS —
Am’t Outsi’g
Company.
QJJJg—.
Public Building...............
$6,200
Bonds or notes of the Old Colony Railroad Company.
4s, A&O, $20,000...........1902-1905 Other debts.....................
4,900
Bond's or notes of the Fitchburg Railroad Company.
Tax valuation 1897.........4,550,643
($5,000 yearly on c t . 3.)
Bonds or notes o f the Boston & Lowell Railroad Corporation.
School houses......................$25,000 Total tax (per $1,000) 1896.$21-00
First mortgage bonds of the Concord & Montreal Railroad, not­ Cemeteries........................... 4,000 Population in 1895 was........ 7,837
withstanding such company be formed by the union of two or more Water w o rk s .................... *122,500 Population in 1890 was........ 9,213
companies, only one of which has paid regular dividends for the
* Bonds loaned Adams Fire District
tw o 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 & A G A W A M . — J. W . H astings , Treasurer.
Montreal Railroad: provided, however, that said bonds shall be issued
Agawam is in Hampden County.
in whole or in part to renew and refund said existing first mortgage
$3,696
LOANS—
When Due. Sinking fund..................
Indebtedness, and that an amount of such bonds equal at the par value
36,304
T own N otes for Schools, Net debt Jan. 1,1898 ..
to the amount of such existing mortgage indebtedness shall, by the
Tax valuation, real....... 1,167,855
R oads, B ridges —
terms of the mortgage securing the same, be made applicable exclu­ 6s, March, $2,000___On demand. Tax valuation, personal 171,965
sively to the payment of such existing mortgage indebtedness and, for 4s, J & D, 25,000... .June 1,1914 Total valuation 1898... 1,3 9,820
the purpose of securing such payment at the maturity of the same, 4s, J & D,
3,000
On demand. Property assessed at actual value.
shall be deposited with and held by such trust company, incorporated 4s, J & D ,
Tax (per $1,000), 1898........ $13*80
5,000...... 1900-1904
under the laws of this Commonwealth and doing business in the city
Population in 1895 w a s.... 2,408
($1,000 due yearly on June 1.)
o f Boston, as may be approved by the board of commissioners of sav­ 4s, J & D , $ 5 ,00 0 .... June 1,1905 Population 1890 w as..............2,852
ings banks.
Total debt Jan. 1,1898.
$40,000 Population 1880 was.............2,216
In the bonds of the Maine Central Railroad Company known as
INTEREST on notes due in 1914 is paid in Boston; on those due on
consolidated mortgage bonds, notwithstanding the existence of
a mortgage indebtedness not matured upon the whole or a demand at Agawam; on all others at Springfield.
part of the road o f said railroad company: provided, however,
5 F. w. MERRILL, Treasurer.
that said bonds be issued in whole or in part to renew and
E. COLLINS, Clerk.
refund said existing first mortgage indebtedness, and that A M E S B U R Y . — (N
( N.. Ü
“ I
Amesbury township is in Essex County.
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
LOANS —
When Due. Net debt Feb. 15,1898....$73,866
securing the same, be made applicable exclusively to the payment of
F unding B onds :
Tax valuation, real........ 4.094,028
such existing mortgage indebtedness; and for the purpose of securing 4s, A & O . $70,000. .Apr. 1,1900 Tax valuation, personal. 1,025,233
such payment at the maturity of the same, said bonds shall be depos­ 4s, J&J, $71,000........... 1902-1912 Total valuation, 1897. .5,119,261
ited with and held by such trust company, incorporated under the laws ($23,000 in 1902, $23,000 in 1907, Assessment about 45 actual value.
o f this Commonwealth and doing business in the city of Boston, as
$25,000 in 1912).
Total tax rate (per M.) 1897.$14*60
may be approved by the Board of Commissioners of Savings Banks.
T’l bond.debtFeb. 15,’98.$141,000 Population in 1895 was........9,984
Bonds or notes of the Boston & Maine Railroad, issued according to Sink, fund assets................... 67,134 Population in 1890 was.........9,798
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 A M H E R S T . — C. H . E dwards , Treasurer.
Great Falls & Conway Railroad.
This town is in Hampshire County.
Loans not to exceed the par value o f the securities pledged.
When Due. I Total debt Feb. 15,1898.$106,700
LOANS—
L o a n s o n B a n k S tock .—Thirty-fiveper cent o f deposits both as loans
R ailroad B onds—
Total valuation 1898__ 3,215,324
and investments.—Notes of any citizen of this Commonwealth, with a 4*28, J&J, $13,000......Nov. 7,1901
Assessment about actual value.
pledge as collateral of the stock of any bank incorporated* by this
T own H all B ondsTotal tax (per $1,000) 1898.$16*00
Commonwealth; or the stock of any national bank located in any of 48, J&J, $50,000.......Jan. 1,1900 Population in 1895 was.........4,794
the New England States; or the stock of any trust company, or safe
Population in 1890 w as
4,512
deposit and trust company, incorporated under the laws of and doing
business within this Commonwealth, as provided for in chapter four
5
GEO.
A.
PARKER,
Treasurer.
hundred thirteen of the acts of the year eighteen hundred eighty-eight, A N D O V E R ,
(ABRAH AM MARLAND, Clerk.
or of those trust companies, or safe deposit and trust companies, in­
This town is in Essex County.
corporated as such by special charters granted under the laws of and
LOANS —
When Due. Bonded debt July 1,1898.$240,000
doing business within this Commonwealth, whose special charters re­
Water B onds —
quire them to provide the same security as prescribed in. sections thir­
Floating debt.................... 25,000
4s, M&N, $105,000) Nov.1,1898 to Total debt.......................... 265,000
teen and fourteen of said chapter four hundred thirteen.
Loans to be made at no more than eighty per cent o f the market value ($5,000 due yearly) ) Nov. 1,1918 Sinking fund...................... 13,913
4s, M&N, $15,000....Nov. 1,1919 Net debt July 1 ,1 8 9 8 .... 251,087
o f the stock pledged, and not exceeding the par value thereof.
10,000...June 1,1922 Tax valuation 1897.........4,801,178
Holdings, try way o f investment or as security fo r loans, in the stock o f 4s, J&D,
4s,
J&D,
10,000_June 1,1923 Real valuation (est.)___5,500,000
any one bank, trust company, or safe deposit and trust company, not to
15,000_June 1, 1925 Tax rate (per $1,000) 1898..$15*00
exceed three per cent o f deposits, nor more than *100,000, nor an amount 4s, J&D,
4s, J&D,
5,000_June 1,1928 Population in 1895 w a s ......6,148
•exceeding one-quarter o f the capital stock thereof.
Sew er B ondsL o an s to D e p o s it o r s-—Aggregate o f Investments Unlimited.—Per­
J&J, $80,000........ June 1,1903
il0'??'* notes of depositors in the corporation, but not exceeding one- 48,
in 1903, $20,000 in 1908
half of the amount of his deposit to a depositor, with pledge of deposit ($10,000
and 1913 and $30,000 in 1928.)
and book of such depositor as collateral security.
INTEREST Is payable at the Nat. Bank of Commonwealth, Boston.
D eposits in B a n k s .—Aggregate o f Investments Unlimited.—May
deposit sums of money, on call, in any bank incorporated under the laws
of this Commonwealth, or in any national bank located in any of the A R L I N G T O N . — B. D elmont L ocke., Treasurer.
New England States, or in any trust company, or safe deposit and trust
This town is in Middlesex County.
company, incorporated under the laws of and doing business within
LOANS —
When Due'. 4s, A&O, $10,000....................1927
this Commonwealth, as provided for in chapter four hundred thir­
H igh School L oan4s, A&O, 10,000.......Oct. 1, 1925
teen of the acts of the year eighteen hundred eighty-eight, or in those 48, M&N, $64,000....... Nov. 1,1913 Other debts....................... $24,916
deposit and trust companies, incorporated as 4 s , ........
35,200___ Nov. 1,1906 Total debt Moh., 1898.... 598,717
fISSfckF «ffi60*?1 charters granted under the laws of and doing business
Sew er B onds 1896—
Sinking fund assets.........
58,876
Within ™i8 Commonwealth, whose special charters require them to 4s, J&D, $100,000___ June 1,1936 Net debt March, 1898... 539,841
provide the same security as prescribed in sections thirteen and four­
Water Works Tax valuation 1898........ 8,074,093
teen of said chapter four hundred thirteen, to an amount not exceed­ 48, J&J, $91,000.........Jan. 1,1912 Tax rate (per $1,000).......... $18 30
ing five per cent of total deposits in any one such bank or company, 4s, J&J, 92,000.........Jan. 1,1922
(Assessment at actual value.)
dux such deposits sliiill not exceed iu umount tweuty-five uer cent of
4s, A&O, 92,000.........Apr. 1,1924 Population in 1897 (est.).......7,000
"the capital stock and surplus of such depositary.
4s, A&O, 5,0 00..................... 1926 Population in 1890 was........ 5,629

Cities , Counties

and

T owns

IN THE

S T A T E OF M A S S A C H U S E T T S .
N ote .—For places not given in alphabetical order among the following
statements, see “ additional statements ” at the end o f this State.
The gross interest-bearing debt o f all municipalities of the State was
$158,029,875 on May 1,1897, at an average interest rate of about 4
■per cent. The amount raised by taxation for interest alone in 1897 w a s
$6,321,195.
The following table shows the aggregate assessed valuation as
returned by the local assessors, the aggregate net debt of all the
municipalities of the State, and the percentage of the same, for the
years indicated:
Aggregate-,Tear.
orfrr
. *aluution.
Net Debt.
Percentaae
1896...................................
1895...............................
1894...................................
1893...................................
1892....................................
1891...................................
1890...................................
1885....................................
1880...................................
1875....................................
1 8 7 1 ......................




2,622,520,278
2,542,348,993
2,471,521,505
2,428,339,029
2,333,025,090
2,245,042,273
2,154,134,626
1,782,349,143
1,584,756,802
1,840,792,728
1,497,351,686

104.702.875
98,511,920
87,786|918
80,125,652
76,483,323
73,066,660
70.742,786
63,306,213
68,512,929
71,784,006
39 421298

3-9
3*8
3*5
3*2
3*2
3*2
3*2
3*5
4*3
3*8
2*6

A T W DT
5 SAMUEL LEE, Treasurer.
***, \
(CHARLES F. RICHARDSON, Clerk.
This town is situated in Worcester County
LOANS —
When Due.
Sewer L oan (outside debt limit.)
Old D ebt—
4s, J&J, $50,000....... July 1,1924
4*88, J&J, $26,000...... Oct. 1,1899
E ngine H ouse(Part due yearly) to Oct. 1,1905 4128 & 4s, A&O, $6,000. Oct. 1,1899
School L oans—
($1,500 due yearly) to Oct. 1,1902
4s, A&O, $29,000........Oct. 1,1899 4s, A&O, $10,800...... Oct. 1,1899
(Part due yearly) to Oct. 1,1904 ($1,350 due y’l y ) ___to Oct. 1,1906
33i8, A&O, $1,200.......Oct. 1,1899 Total debt Oct. 1 ,1 89 8 .. $143,050
Sch .,St .Imp .& F.A l ’ m L o’N(Notes) Tax valuation 1898......4,055,925
4s, A&O, $9,800..........Oct. 1,1899 Tax rate (per M) ’98............. $19*20
(Part due yearly) to Oct. 1,1905 Population in 1895 was........ 7,360
Refunding L oanPopulation in 1890 was........ 6,319
3%s, A&O, $10,250 .,...1899-1908
The sewer loan is secured by sink ng fund.
INTEREST is payable in Boston, Worcester, Greenfield and Athol.

A T T L E B O R O U G H . — J. T . B ates, Treasurer.

Attleborough, which is in Bristol County, was divided July 30,1887
?nd. tfe® ou tstan tog ponded debt of $100,000 was apportioned $62,930
to Attleborough and $27,802 to North Attleborough, which see.
LOANS—
When Due.
W ater B onds—(Con.)—
T own B onds4s, J&J, $18,000......Jan. 1,1921
48, J&J, $50,000........ Jan. 1,1906 4s, A&O, 25 ,00 0...... Oct. 1,1922
Water B onds—
4s, J&J,
35,000..... July 1,1923
7s, J&J, $40,000........Jan. 1,1904 4s, J&J,
40,000..... July 1,1924
4s, A&O, 20,000....... Oot. 1,1902 4s, J &J,
25,000..... July 1,1926
4s, A&O, 20,000....... Oct. 1,1912 4s, J&J,
10,000..... July 1,1927
4s, M&S, 12,000........8ept.l, 1915 4s, J&J,
13,000..... July 1, 1928
4s, J&J, 20,000........Jan. 1,1919 Bonded debt Sept. 1 ,’ 98. .$328,000

October, 1898.
Floating debt..................
Total debt Sept. 1,1898.
Sinking fund assets........
Net debt 8ept. 1 ,1 8 9 8 ...
Water debt (incl. above).
Water debt sinking fund
(incl. above)..................

MASSACHUSETTS— CITIES AHO TOWNS,
Tax valuation, real---- $4,573,760
Tax valuation, pers’l.. 1,091,140
Total valuation 1897... 5,664,900
Ass’sed valuation,'98. 5,992,992
Total tax per $1,000’96.
$2T00
Population in 1898 w a s ......8,288
39,581 Population in 1890 was....... 7,577

$56,00C
3*4,000
51,080
332,920
278,000

A x rr\ i^ x
5 ORVILLE C. STOCK WELL, Treasurer.
v vJ-lN .—
D. RICHARDSON, Clerk.
Tins town is in Norfolk County.
_ LOANSAmount. Total valuation 1897.......$805,110
Water debt Jan. 1,1898..$61,500 Assessment about 85% actual val.
Town debt.......................... 5,500 Tax rate (per $1,000) ’97...$19-60
Total debt Jan. 1,1898___ 67,000 Population in 1897 (est.)___1,640

A Y E R . — E. D. Stone , Treasurer.
This town is situated in Middlesex County.
W ater D ebt (Notes)—(Con.)
LOANS—
When Due.
General T own D ebt (Notes)— 4s, F&A, $24,000................... 1918
Interest payable at Ayer,
3*28......... ., $3,000............................
Tot. bond.debtFeb. 15,’98.$62,000
School H ouse Loan (Notes)—
4s, var., $4,000..............1899-1903 Water debt (incl. above). . . 55,000
Assessed valuation 1897.1,324,936
Water D ebt (Notes)—
$15'00
4s, P&A, $6,000......................1903 Total tax (per $1,000)...
4s, F&A, 10,000......................1908 Population in 1895 w as........ 2,101
Population
in
1890
was........
2,148
4e, F&A, 15,000......................1913

B E L M O N T . — W . L . Chenery , Treasurer.
This town is in Middlesex County.
LOANS—
When Due.
R kfcnd’ g and School House—
4*28, A&O, $7,500.......Oct. 1, 1899
($2,500 due yearly) to Oct. 1,1901
School H ouse and St . B onds4128, A&O, $3,000.......Oct. 1,1899
($1,000 due yearly) to Oct. 1,1901
4s, M&S, $4,000.........Mch. 1,1899
($1,000 due yearly) to Mch. 1,1902
4s, J&D, $6,750........ Dec. 1,1898
($1,350 due yearly) to Deo. 1,1902
4s, J&D, $40,000....... June 1,1917
Sew er L oan48, M&N, $18,000....... Nov. 1,1924
4s, J&J,
9,000....... July 1,1926
4s, J&D,
6,000.___June 1,1927
Street & F ire D ept . L oan48, J&D, $3,800.........June 1,1899
($500 y’rly to 1905; $300 in 1906.)
4s, A&O, $25,000.........Oct. 1,1908

B E R K S H IR E

Water L oans—
4s, F&A, $15,750.......Aug. 1,1899
($1,750 due y’rly) to Aug. 1,1907
4s, J&D, $5,500........ June 1,1899
($500 due yearly) to June 1,1909
4s, F&A, $8,000........ Aug. 1, 1925
4s, J&J, 6,000........ July 1,1926
4s, J&D, 5,000 ......D e c . 1,1926
Interest is payable in Boston.
Bonded debt Oct. 1 ,’98-. $140,050
Water debt (additional)..
39,500
Tax valuation, reai ....... 3,226,065
Tax valuation, pers’l . . . . 991,730
Total valuation 1897___ 4,217,795
Total assessment 1898.-4,870,455
Assessment same as actual value.
Total tax (per 1,000) ’98.
$15-00
Population in 1895 w as........ 2,843
Population in 1890 w as........ 2,098

C O . — G eo. H . T ucker, Treas.

County seat is Pittsfield.
LOANS—
When Due.
N ew County B uilding D ebt—
4s, M&N, $60,000 ... Nov. 1,1903
4s, J&D, 10,000... Dec. 31,1898
4s, J&D, 10,00 0 ... Deo. 31,1900
4s, J&D, 10 ,00 0 ..'.Deo. 31,1901
3*28, J&D, 5 ,0 0 0 .... On demand

Old County D ebt, F unded—
5s, F&A, $35,000...... Feb. 1,1899
Interest payable at Pittsfield.
Total debt Aug. 1. ’ 98.. $130,000
Tax valuation 1897___52,091,969
Population in 1895 w a s __ 86,262
Population in 1890 was......81,108

d u i i u d t
J PERRY COLLIER, Mayor.
Jljx I i V JliJrtL j x . — \ c . F. LEE, Treasurer.
This city is in Essex County.
Principal.. LOANS/— Interest.— >
N A M E A N D PU R PO SE.
P-Ot. Payable, When Due. Outstand'g.
$793,000
Town bonds................................. 4 J & J July 1,1911
--------25.000
6
................
Town notes.........................
39.000
Sewer bonds............................... 4
J & J $4,000 y’rly
150,000
Water bonds.............................. 4
F & A Feb. 1,1917
75.000
Temporary loans..................... ........... — ....
Various
50.000
do
do ................................................. Nov. 8,1898
22.000
Water notes........ ............1896..............................................
INTEREST Is payable in Boston by the First National Bank.
BON DED DEBT on Aug. 1,1898, w as$927,000; floating debt $165,000, total debt $1,092,000, sinking fund $268,763.
ASSESSED VALUATION in 1898 was: Real estate-, $11,430,450;
personal property, $3,733,425; total, $15,163,875; total tax rate (per
$1,000), $15-00.
POPULATION in 1895 was 11,802; in 1890 was 10,821.

1 9

LOANS—
When Due.
LOANS”
When Due.
Sewerage B onds—(Con.)—
“ Miscellaneous L oans ” —Con.
4s,A&O, $169,000...Oct. 1,1917 3s, J & J , $3 0 9,0 0 0 ....July 1,1905
3*28, J&J, 155,800... Jan. 1,1918 4s, A&O, 41,000___Oot. 15,1916
3*28, A&O, 274,000..Apr. 1, 1918 3*28, J&J, 500,000....J a n . 1,1928
3*28, J&J,
80,000...July 1,1918 3*28, J&J, 500,000....July 1,1928
Stony B rook ,&c., I mp . B onds—
3*28, J&J, 500,000.. .July 1,1899
3*2S,A&O,1,037,000...Oct. 1,1899 4s, A&O, $ 5 0 0,0 0 0 ....Oct. 1,1917
4s,
A&O,
3 0 ,0 0 0 ....Oct. 1,1913
P a rk B onds—
4s, A&O, $200,000...Oct. 1,1900 4s. A&O, 1 0 0 ,0 0 0 ....Oct. 1 ,1 9 3 6
4s, J&J,
343,000...Jan. 1,1913 3*28, J&J, 3 0 0 ,0 0 0 ....July 1,1937
4s, A&O 913,000...Apr. 1, 1913 3*28, J&J, 1 0 0 ,0 0 0 ....Jan. 1,1938
Street , E tc., B onds4s, J&J,
500,000...Jan., 1914
$ 1 ,00 0 .... Jan. 1,1874
4s, A&O,
7 5,000...Apr. 1,1914 58, J&J,
4s, A&O, 500,000...Oct. 1,1914 5sg, J&J,£331,800--- July 1,1 89 8
4s,
A&O,
3
3 5 ,0 0 0 ....Oct. 1,1911
4s, J&J, 1,000,000.. .Jan. 1,1925
2 5 ,0 0 0 ....Oct. 1,1912
4s, A&O, 5 0 ,00 0 ...Oct. 1, 1927 4s, A&O,
4s,
A&O,
260,500...
.Apr. 1, 1913
3*28,A&O, 20,000... Apr. 1,1916
5 0 ,0 0 0 ....Jan. 1,1914
3*28,A&O, 55,000...Oct. 1,1916 4s, J&J,
4s,
J&J,
100,0
0
0
....July
1,1914
3*28, J&J, 500,000...Jan. 1,1927
3*28, J&J, 450,000...Jan. 1,1928 4s, A&O, 1 0 0 ,0 0 0 ....Oct. 1,1914
4s,
A&O,
5
0
,0
0
0
....Oct.
1.1914
3*28, A&O, 50,000..Apr. 1,1928
3*48, A&O, 29,000...Oct 1,1915 4s, J&J, 1,000,000....July 1,1 93 6
4s, J&J, 1,000,000....July 1,1936
P ark Construction —
4s, J&J,
$450,000...Jan. 1,1918 3*28, J&J, 50.000....Jan. 1 ,1917
4s, A&O,
5 ,0 00 ...Apr., 1918 3*28, J&J, 5 0 0 ,0 0 0 ....Jan. 1,1937
4s, J&J,
5,0 00 ...July, 1918 3*28, J&J, 181,480......July X, 1918
4s, A&O,
40,000...O ct., 1918 3*28, J&J, 209,000......July 1,1938
Water D ebt 4s, J&J,
480,500... Jan. 1,1919
Cochituate Water—
4s, A&O,
16,000...Apr., 1919
S,J&J,
3,5 00 ...July, 1919 6s, A&O, $25 0,0 0 0 ....Apr.27,1898
4s, J&J
439,500... Jan. 1,1920 6s, J &*J, 625,000... .Jan. 1,1901
‘ A&O,
" 688,000.... Apr. 1,1901
4s, J&J,
16,400...July, 1920 6s,
4s, A&O,
44,100...Oct., 1920 6s, J& J, 330.000. . . . July 1,1901
4s, J&J,
500,000...Jan. 1,1921 6s, J & J , 100.000. . . . July 1,1902
3*28, J&J 500,000 . Jan 1,1937 6s, A&O, 905.000. . . . Apr. 1,1903
8.000.
.. . Jan. 1,1904
P a rk L oan op May 20,1891—
6s, J & J ,
38.000. . . . Apr. 1,1904
4s, J&D, $700,000....June 1,1921 6s, A&O,
4s, A&O, 200,0 0 0 ....Apr. 1,1922 6s, J& J , 161.000. . . . Jan. 1,1905
4s, A&O, 3 0 1 ,0 0 0 ....Oct. 1,1922 6s, A&O, 142.700.. .. Apr. 1,1905
44.000. . . . July 1,1905
4s, J&J, 250,000....Jan. 1,1923 6s, J & J ,
6.000.
. . . Oot. 1,1905
4s, J&J, 500,0 0 0 ....July 1,1923 6s, A&O,
4s, A&O, 4 5 0 ,0 0 0 ....Oct. 1,1923 6s, J & J, ' 82.550.. .. Jan. 1 ,1906
8.7 50 ..
.. Apr., 1906
4s, J&J,
9 9 ,0 0 0 ....Jan. 1,1924 6s, A&O,
4.000. . ..0 .t .,
1906
4s, A&O,1,000,000___Oct. 1,1924 6s, A&O,
1907Jan.,
8.000
__________
P ub. I nst’ s and City H ospit’ l — 6s, J & J ,
1907Apr.,
5.000
__________
3*28, J&J, $38,500...July 1,1908 6s, A&O,
1907July,
1.000
__________
4s, A&O, 136,500...Oct. 1,1911 6s, J & J ,
' J&J,
----250,000... July 1,1912 5g, A&O, £ 3 9 9 ,5 0 0 ....Oct. 1,1902
4s,
5g,
A&O,
$552,000....Apr.
1,1
90 6
42.000. . .0 .t . 1,1912
4s, A&O,
15.000. . .Apr. 1,1915 5g, A&O,1,000,000.... Oct. 1,1905
4s, A&O,
5g,
A&O,2,000,000....Oct.
1,1906
4s, A&O, 400,000... Oot. 1,1915
5s, 1,1917
A&O,
1,0 00 ....Oot. 1,1907
.. July
3*28, J&J, 27.000.
3*28, J&J, 101,000... Jan. 1,1918 5s, A&O, 1 2 ,0 0 0 ....Apr., 1908
3*28, J&J, 23,000...July 1,1918 4*2g,A&O, 268,000.... Oct. 1 ,1908
4s, A&O, 588,000... .Apr. 1,1908
P a rk L ands—
-----82,000.... July 1,1909
J,
4s, J&J.$100,0 0 0 .... July 1,1924 4s, J&
4s, A&O, 100,0 0 0 ....Oct. 1,1924 4s, A&O, 280.000. .. . Apr. 1,1910
4s, A&O, 50,000... .Apr. 1,1 92 5 4s, A&O, 324.000. .. . Apr. 1,1912
48, A&O, 2 0 8 ,0 0 0 ....Oot. 1,1925 4s, J&J, 111.000 _July 1,1913
11,300....July 1,1926 4s, A&O, 336.000. .. . Oot. 1,1913
4s,. ......
3*28,J&J, 4 0 0 ,0 0 0 ....July 1,1917 4s, J&J, 466.000. . . . Jan. 1,1914
18.500.. .. Apr. 1,1914
3*28,J&J, 600,000....Jan. 1,1920 4s, A&O,
16.000. . . . Oct. 1,1914
4s, A&O,
R apid T ransit 50.000. . . . Jan. 1,1915
48, A&O, $50,000. ... Oct. 1,1934 4s, J & J ,
4s, A&O,1,000,000... .Apr. 1,1935 4s, A&O, 145.700.. .. Apr. 1,1915
23.000. . . . Oot. 1,1915
4s, A&O, 1 0 0 ,0 0 0 ....Oct. 1,1936 4s, A&O,
58.000. .. . Jan. 1,1916
3*28, J&J, 250,0 0 0 ....Jan. 1,1936 4s, J & J ,
128.500..
.. Apr. 1,1916
3*28,....... 5 0 0 ,0 0 0 ....Apr. 1,1936 4s, A&O,
. Oot. 1,1916
3*28,A&O,1,500,000...Oct. 1,1936 4s, A&O, 2 8 6 .3 0 0 ..
21.000. . . . Jan., 1917
3*28, J&J,1,000.000...July 1,1937 4s, J& J,
3*28, J&J, 500,000...Jan. 1,1938 4s, A&O. 161.000. . . . Apr., 1917
7.000.
. . . July 1,1917
3*28, A&O, 200,000...Apr. 1,1938 4s, J&J,
4s, A&O, 160.700.. .. Oct. 1,1917
School H ouses & Sites—
20.000. .. . Jan., 1918
4s, A&O, $500,000....Apr. 1,1911 4s, J& J,
6.3 00 ..
.. Apr., 1918
4s, A&O, 2 5 0 ,0 0 0 ....Oct. 1,1914 4s,A&O,
4s, J&J, 3 0 0 ,0 0 0 ....Jan. 1,1917 4s, A&O, 100.000. . . . 0 .t . 1,1918
3 *28,A&O,100,000.... Oct. 1,1917 4s, A&O, 200.000. . . . Apr. 1,1919
4s, J&J, 500,0 0 0 ....July 1,1926 4s, A&O, 300.000 _Oet. 1,1919
4s, J&J, 1 5 0 ,0 0 0 ....July 1,1927 4s, A&O, 384.000. .. . Oct. 1,1920
3*28, J& J,500,0 0 0 ....Jan. 1,1928 4s, A&O, 100.000. . . . Apr. 1,1921
4s, J&J, 500,000___July 1,1935 4s, A&O, 162.500.. . . 0 .t . 1,1921
4s, J& J, 100.000. . . . Jan. 1,1922
Sewerage B onds—
75.000. .. . Apr. 1,1922
5s, A&O, $ 3 2 ,0 0 0 ....Apr. 1,1899 4s, A&O,
5s, A&O,
1 7 ,00 0 ....Apr. 1,1900 4s, A&O, 283.000. .. . Oct. 1,1922
5s, A&O,
1 8 ,0 0 0 ....Oct. 1,1900 4s, A&O, 576.275.. . . 0 .t . 1,1923
.. Oct. 1,1924
4s, J & J ,1,000,000....Jan. 1,1899 4s, A&O, 644.225..
4s, A&O,1,250,000. . . Apr. 1,1900 3*28, A&O, 5 0 ,0 0 0 ....Apr. 1,1915
4s, J & J ,
2 4 ,0 0 0 ....Jan. 1,1901 3*as, A&O, 50,000....Oct. 1,1915
4s, A&O,
5 ,0 0 0 ....Apr. 1,1901 3*28, J & J ,100,0 0 0 ....Jan. 1,1916
4s, A&O,
1 0 ,0 0 0 ....Oot. 1,1901 3*28, J& J , 7 5 ,0 0 0 ....July, 1916
4s, J & J ,
8,000... .Jan. 1,1902 3*28,A&O, 2 5 ,0 0 0 ....Oct., 1916
4s, A&O, 317,000... .Apr. 1,1902 3*28, A&O,2 7 5 ,0 0 0 ....Apr. 1,1917
4s, A&O, 6 2 7 ,5 0 0 ....Oct. 1,1902 3*28,J&J, 100,000.... July 1,1918
4s, A&O,
22,500... .Jan. 1,1903 3*28, M&N,130,000... .Nov.30,1919
4s, A&O, 500,000... .Apr. 1,1903 3*28, A& 0,145,000....O ct. 1,1919
4s, A&O, 2 5 1 ,0 0 0 ....Oct. 1,1903 3*28, J & J ,220,000..r.Jan. 1.1920
4s, J & J , 500,0 0 0 ....Jan. 1,1904 3*28, A&O,150,000....O ct. 1,1927
4s, J & J ,
9 7 ,0 0 0 ....July 1,1904 3s, A&O,200,000... .Apr. 1,1917
Suffolk County D ebt .
4s, J& J,
5 0 ,0 0 0 ....Oct. 1,1904
4s, J & J ,
5 0 ,0 0 0 ....Jan. 1,1905
Court House B o n d s 4s, A&O, 5 1 ,5 0 0 ....Oct. 1,1906 48, A&O, $700,000....Oct. 1,1918
48, A&O, 4 2 1 ,0 0 0 ....Oct. 1,1911 4s, J&J, 406,000... .July 1,1922
4s, J&J, 250,000... .Jan. 1,1912 3*2S, A&O,8 0 0 ,0 0 0 ....Oct. 1,1919
4s, J&J,
50,000... .July 1,1914 4s, A&O, 7 5 ,0 0 0 ....Oot. 1,1923
4s, A&O, 67,650... .Apr. 1,1915 4s, J&J,
40,000... .July 1,1924
4s............ 35,000... .July 1,1916 3*28, A&O,8 0 0 ,0 0 0 ....Apr. 1,1937
3*28, J & J ,100,000.... July 1,1905 3*28, J & J ,100,0 0 0 ....July 1,1938
3*28, J& J , 5 0 ,00 0 ....Jan. 1,1906 3s, A&O, 6 1 2 ,0 0 0 ....Oot. 1,1899
3*28, A&O,3 59,0 0 0 ....Oct. 1,1906 ($17,000 due yearly) to Oct. 1,1935
Miscellaneous B onds—
3*28, A&O, 25.000...Apr. 1,1908
3*28, J & J ,500,000....July 1,1919 4 s,J & J , $64,000....Jan ., 1899

5 JOSTAH QUINCY, Mayor.
■( ALFRED T. TURNER, City Treasurer.
The oounty of Suffolk, in which Boston is situated, contains also
the oity of Chelsea and the towns of Revere and Winthrop. Boston,
however, receives all the county income, pays all the county expenses,
owns the county buildings, and is responsible for the county debt, which
amounted on Aug. 31,1898, to $3,631,000. The details of this county
debt are included in the following financial report for this oity.
LO A NS—
When Due.
LOANS—
When Due.
B ridge B ondsL ibrary B onds—(Con.—
48, A&O. $160,000...Oct. 1,1911 4s, A&O, $100,000...Oct. 1,1924
4s, J&J,
90,00 0 ...Jan. 1,1912 4s, A&O,
49,500.. .Jan. 1,1925
3*28,A&O, 250,000...Oct. 1,1917 4s, A&O, 150,500...Oct. 1,1925
3 *28,J&J, 500,000... Ju’y 1,1937 3*28, J&J, 500,000.. .July 1,1899
3*28,J&J, 300,000. ..Jan. 1,1938
“ Miscellaneous ” L oans—
4s, A&O,
10,00 0 ...Oct. 1,1934 4s, J&J, $574,000.. .Jan. 1,1900
4s, A&O,
10,000...Oct. 1, 1935 4s, A&O, 670,000...Oct. 1,1900
4 s . ......
3 0,000...July 1,1936 4s, J&J,
460,000.. .Jan. 1,1901
4s, J&J,
25,000...Jan. 1,1902
G eneral T en Y ear L oan48, J&J, $1,185,000... Jan. 1,1899 3*28,A&O,1,275,000... A pr.l, 1902
H ighways —
3»28, J&J, 300,COO. ..Jan. 1,1903
4s, J&D, $ 5 0 ,0 0 0 .... June 1,1 901 4s, A&O,
9 0 ,00 0 ...Oct. 1,1906
4s, A&O, 2 5 ,8 0 0 . .. .Apr. 1 ,1 9 0 2 4s, A&O 145,500...O ct.15,1906
4s, J&J.
3 1 ,0 0 0 .. ..July 1 ,1 9 1 2 4s, J&J,
606,000...Jan. 1,1907
4s, A&O, 2 4 3 ,2 0 0 .... Oct. 1 ,1 9 1 2 3*28, J&J, 833,000...July 1, 1907
4s, J&J, 1 5 0 ,0 0 0 . .. .Jan. 1 ,1 9 1 3 3*28, A&O, 13,800...Oct. 1,1907
INTEREST on the sterling loans is paid by Baring Brothers & Co.,
4s, J&J, 3 5 0 ,0 0 0 . .. .July 1 ,1 9 1 3 3*28, J&J, 50,000.. .Jan. 1,1908
4s, A&O, 1 5 0 ,0 0 0 .... Oct. 1 ,1 9 1 3 3*28, J&J, 11,500...July 1, 1908 Limited, in London; on other issues by City Treasurer in Boston
4s, A&O, 5 0 0 ,0 0 0 .... Apr. 1 ,1 9 1 4 4s, A&O, 1,599,725... Apr. 1,1912
T O T A L DE BT. —The subjoined statement shows Boston’ s total debt,
4s, J&J, 5 0 0 ,0 0 0 .... July 1. 1915 4s, A&O, 1,164,100...Apr. 1,1913 the
items of which it is made up, and the sinking fund held by the city,
4s, J&J, 1 5 0 ,0 0 0 .... July 1 ,1 9 1 6 4s, A&O, 1,350,000...Apr. 1.1913 against the same, on the dates indicated.
4s,........ 700,000.... July 1,1916 4s, A&O, 599,800...Oct. 1,1914
3*28, J&J, 500,000....Jan. 1.1917 4s, A&O, 367,000...Apr. 1,1915
Aug. 31,1898. Jan. 31,1898. Jan. 31,1897.
48, J&J, 150,000.... July 1,1917 4s, A&O, 401,500...Oct. 1,1915 City debt proper...................$59,674,116
$58,050,636
$49,993,326
3*28, J&J, 7 5 0 ,0 0 0 ....Jan. 1,1928 4s, J&J, 1,115,700...Jan. 1,1916 Cochituate water debt.. . . . . 17,461,274
17,911,274
18,261,274
589,500...July 1,1916 County debt.......................... 3,631,000
3*28, J&J,
5,000___July 1,1928 4s,........
3,631,000
3,648,000
L ibrary B onds4s,........
3,000... Apr. 1,1916
48, J&J, $297,000.. .July 1,1900 4s, A&O 192,500...Oct. 1,1916
$71,902.600
Total bonded debt.........$80,766,390
$79,592,910
223,500...Nov.30,1916 Sinking
4s, A&O,
14,000...Oct., 1900 4s,........
funds, &c............... 27,914,504
25,367,587
27,579,370
4s, A&O, 189,000... Jan. 1,1901 4s, J&J,
32,000... Jan. 1,1917
46, J&J,
44,00 0 ...Jan. 4,1916 4s, J&J,
13,500...Jan. 1,1917
Net
debt..........................$52,851,886
$52,013,540
$46,535,013
4s, A&O, 175,000...Oct. 1,1922 4s, A&O,
3,000.. *Apr. 1, 1917
4s, J&J,
200,000...Jan. 1,1923 4s, J&J, 309,000...July 1,1917
The following table shows thé amount of the gross funded debt,
4s, A&O, 325,000...Oct. 1,1923 3*28, J&J, 203,500...July 1,1917 Binking funds and the net debt on Jan. 31 for the follow ing years :

B O ST O N ,




20
TS^oS‘
Gross Debt.
If
..................... $79,592,910 76
} f £ £ ...................... 71,902,600 57
I f g f ...................... 65,665,774 64
i§ ^ 5 ...................... 59,337,964 93
I f " 4 ...................... 54,418,535 00
} § § ? ...................... 56,908,148 00
...................... 53,930,095 22
1886...................... 43,628,322 04
1885...................... 42,962,180 02
1 8 8 1 .................... 40,949,332 18

STATE AWB CITY SUfftEMENT,
Sinking Funds.
Net Debt.
$27,579,369 97 852,013,540 79
25,367,587 13 46,535,013 44
24.324,566 93 41,341,206 71
21,604,153 72 37,733,811 21
20,482,297 00 33,936,238 OO
25,477,682 00 31,430,466 00
22,505,598 72 31,424,496 50
18,409,433 51 25,218,888 53
18,022,484 25 24,939,695 77
14,511,84919
26,437,482 99

Yol. LXVII

■Assessed Valuation.■sRate o f Tax
RealL
Personal.
Toted.
per $1,000.
$
$
1898.............. 830,194,900
205,818,194
1,036,063,094
13-60
1897.............. 803,360,550
208.696.706
1,012,557,256
13 00
1896.............. 770,261,700
210,990,726
981,252,426
12- 90
1 8 9 5 ............ 744,743,550
206,618,969
951,362,519
12-80
1894.............. 723,728,750
204.363.706
928,092,456
12-80
1893.............. 707,762,275
216,331,476
924,093,751
12-80
1890.............. 619,990,275
202,051,525
822,041,800
13- 30
1880.............. 437,370,100
202,092,395
639,462,495
15-20
1870.............. 365,593,100
218,496,300
584,089,400
15-30
The tax rate for 1898 includes the State tax $0-54 per $1,000; the
county tax, $1-06; the city tax proper, $12-00; total, $13 60.
PO PU LATIO N .—State census, 1895, was 494,205. In 1890 popu­
lation was 448,477; in 1880 it was 362,839; in 1870 it was 250.5267
Tears—

.. DEBT LIMITATIONS. —The general provision as to debt limita
Won 'which applies only to Boston is found in the Supplement to the
Public Statutes of Massachusetts, Laws of 1885, Chapter 178. The
■act is entitled “ An act to limit the municipal debt of, and the rate of
■‘ taxation in, the city of Boston.”
Section 1—Provides that the taxes exclusive of State tax and of
sums required by law to be raised on account of the city debt shall B R A D F O R D . , See City of Haverhill.
not exceed in any one year $9 on every $1,000 of the average of the as­
sessors’ valuation for the preceding five years, the valuation year
d i d a T N T T D 'E 'E i’
5 PETER D. HOLBROOK, Treasurer.
to year being first reduced by all abatements.
-L J T T /A ilN I
} HENRY A. MONK, Clerk.
Section 2—Provides that the limit of indebtedness of the city of
This
town
is
in
Norfolk
County.
Boston shaU hereafter be 2 ^ per cent until January 1,1887, and there­
LOANS.—
When Due. Total debt May 1,1897...$349,800
after shall be 2 per cent on the average valuation prescribed in section
water B ondsTotal value town prop­
1 o f this act.
48, J&J, $100,000.......July 1,1917
erty, estimated............. 246,279
The foregoing limitation is of course exclusive o f debts created for 4s, J&D, 1 5 0 ,0 0 0 ....June 1,1921 Tax
valuation, 1897....... 4,449,175
water supply.
Municipal L ighting —
Total
tax(per $1,000) ’ 97
18*80
Another exception is found in Laws of 1886, Chapter 304—which act ...» . . . . . $16,500........ Apr. 1,1917 Population
1895 was.
5,310
authorizes a loan for $500,000 each year to a total amount not to Town notes..........................$89,400 Population in
in
1890
was.
4,848
exceed $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 cited.
A further exception is found: in Laws of 1887, Chapter 312, which B R I S T O L C O U N T Y . — Geo. F. P ratt , Treas.
County seat is Taunton.
authorizes $400,000 bonds issued for the purpose of paying for lands
NO TES —
When Due. Bonded debt Aug. 13, *98.$8 30,000
already acquired for public parks adding (in section 3) that the
4s, ., $100,000....... Jan. 18,1902 Floating debt (addit’n’l) $200,000
debt authorized shall not be included within the limit fixed as above.
...........
555,000.............
1899-1905 Tax valuat’nin 1897.. 170,682,508
Still another exemption to this debt limitation is found in Laws of
1888, Chapter 392, which act authorizes, for the purpose of purchase 4s, P&A, 70,000...........1899-1902 Population in 1898 w as...220,019
4s,
M&S,
160,000....Sept.
23,1902 Population in 1890 w a s ...186,465
in g 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 R R D P i r T C ' i M
5 HARRY E. GARFIELD, Mayor.
limit fixed as above.
C r U J U l V l U 1 N .— (W . H. EMERSON, Treasurer.
This city is in Plymouth County.
In addition to the foregoing, which cover special authorizations of
LOANS—
When Due.
School B onds—(Con.)—
bond issues by the legislature for park purposes, &c., not included in
City H all —1891-2-3-4-5.
the debt limit, there are a number of other laws, of which we make a
4s, J&J. $4,000..............1899-1902
brief mention below.
4s, A&O, $72,000......... 1899-1916
($1,000 due yearly on July 1.)
($4,000 due yearly on Oot. 1.)
Chapter 101 Laws o f 1887 and Chapter 288 Laws of 1892 author­
4s, J&D, $ 6 ,5 0 0 .....___1899-1903
4s, J<\tD, $24,000.......... 1899-1922
ized loans for the Suffolk County Court House.
($1,300 due yearly on June 1.)
($1,000 due yearly on June 1.)
4s, A&O, $3,000..............1899-1901
Chapter 282 Laws o f 1887 authorized $250,000 for New Harvard
Bridge.
4s, J&D, $15,000...........1899-1913
($1,000 due yearly on April 1.)
($1,000 due yearly on June 1.)
Chapter 394 Laws o f 1887 authorized $75,000 for Stony Brook Sewer
4s, J&J, $24,000............ 1899-1904
($4,000 due yearly on July 1.)
Chapter 322 Laws o f 1889 authorized $500,000 to extend sewerage 4s, J&J, $3,500.............1899-1905
system.
n
($500 due yearly on Jan. 1.)
4s, J&D, $28,000............ 1899-1905
($4,000 due yearly on June 1.)
Chapter 68 Laws o f 1889 authorized $1,000,000 to complete the new 4s. M&S, $21,000.......... 1899-1904
($3,500 due yearly on Sept. 1.)
Publio Library building.
4s, J&D, $32,000............ 1899-1905
($4,000 due yearly on Dec. 1.)
Chapter 254 Laws o f 1889 authorized not exceeding $75,000 to extend 4s, A&O, $45,000.......... 1899-1923
($1,800 due yearly on April 15.) 4s, J&J, $36,000............ 1899-1916
West Chester Park to Harvard Bridge.
4s, M;&N, $30,000.......1903-1922
($2,000 due yearly on July 1.)
Chapter 283 Laws o f 1889 authorized $500,000 for extension. &c
($1,500 due yearly on Nov. 1.)
o f Congress, Oliver and otherstreets.
B
4s, J&J, $7,000........ Jan. 1,1899
Chapter 271 Laws o f 1890 and amended chapter 444 Laws of 1890 4s, M&N, $50,000......... 1903-1922
($1,000 due yearly) to Jan. 1, ’ 05.
($2,500
due yearly on Nov. 1.;
authorized $200,000 for public parks in Charlestown.
4s, F&A, $9,000 ......... 1899-1907
D rainage B onds—1888-1895.
Chapter 301 Laws of 1891 authorized $3,500,000 for parks.
($1,000 annually on Aug 1.)
4s, J&J, $27,500 ........ 1899-1909
Chapter 324 Laws of 1891 authorized $1,000,000 for library.
Sew er B onds—1892-3-5.
($2,500 due yearly on July 1.)
Chapter 323 Laws of 1891 authorized loans for highways.
4s, F&A, $12,000.... ¡....1899-1922
4s, M&N, $24,200..........1898-1919
Chapter 288 Laws of 1892 authorized $100,000 for Co. Ct. House
($500 due yearly on Aug. 1.)
($1,100 due yearly on Nov. 20.) 4s, J&D, $37,500............ 1899-1923
Chapter 478 Laws o f 1893 authorized $2,000,000 for subway
4s, A&O, $1,000 ...........1899-1900
Chapter 548 Laws of 1894 authorized $7,000,000 for rapid transit
($1,500 due yearly on June 1.)
($500 due yearly on Oot. 1.)
Chapter 408 Laws of 1895 authorized $1,000,000 for schools
4s, J&J, $200,000...........1899-192S
4s, J&D, $7,000............. 1899-1911
Chapter 435 Laws o f 1895 authorized $500,000 for ferry.
($8,000 due yearly on July 1.)
($500
due
yearly
on
June
1.)
Chapter 516 Laws of 1896 authorized $400,000 for Union station
4s, A&O, $175,000........ 1900-1924
4s, J&D, $4,800............. 1899-1922
($7,000 due yearly on April 1.)
Chapter 319 Laws o f 1897 authorized $3,000,000 for highways
($200 due yearly on June 1.)
4s, A&O, $100,000.........1904-1923
Chapters 346, 347 and 394 Laws of 1897 authorized loans for street
($5,000 due yearly on April 1.)
approaches to Charlestown bridge and parkways in amounts not 4s, M&S, $19,200..........1899-1922
specified.
($800 due yearly on Sept. 1.)
4s, M&N, $29,000.......... 1899-1927
‘ -'',0 0 0 ............. 1899-1914
($1,000 annually on May 1.)
Chapter 426 Laws of 1897 authorized $1,000,000 yearly for sewers !
($500
due yearly on Aug. 1.)
Street I mp . B onds 1897—
Chapter 442 Laws o f 1897 authorized $1,300,000 for schools.
1
Chapter 446 Laws o f 1897 authorized $500,000 for widening streets 4s. J&J, $10,500............ 1899-1919 4s, J&J, $18,000........ Jan. 1,1399
($500 due yearly on July 1.)
($2,000 due yearly) to Jan. 1, ’07.
Chapter 500 Laws of 1897 authorized $500,000 more for rapid tran­
4s, F&A, $4,000.............1899 1902
sit and also further amount for Charlestown bridge.
W ater B onds—1897.
($1,000 annually on Aug. 1.)
5s, A&O, $ 3 0 ,0 0 0 ....Apr. 15,1900
Chapter 149 Laws of 1898 authorized $850,000 for schools.
F ire D epartment—1890-4-5.
5s, A&O, 90,000___Apr. 15,1910
Chapter 275 Laws of 1898 authorized $200,000 for widening streets
4s, M&S, $1,000....... Mar. 1, 1899 4s, A&O, 50,000... .Apr. 15,1906
Chapter 313 Laws of 1898 authorized $500,000 for parks
4s, J&J, $1,000........July 1,1899
4s, J&J, 50,000. ...J u ly 15,1912
Chapter 412 Laws o f 1898 authorized $500,000 for playgrounds.
4s, A&O, $7,000............ 1899-1905 4s, M&N, 50,000___May 1, 1914
Chapter 475 Laws of 1898 authorized $100,OOu for publio library
($1,000 due yearly on Oct. 1.)
4s, M&N, 25,000___May 1, 1915
Chapter 531 Laws of 1898 authorized $500,000 for Charles River
H ealth B uilding—
dam.
4s, M&N, 25,000___May 1, 1927
4s, J&D, $2,000............1899-1902 4s, F<teA, 1 5 ,0 0 0 ....Aug. 1, 1927
, NEW LOANS AUTHORIZED.—The following is a summary of
($500 due yearly on June 1.)
4s, M&N, 25,000___May 1, 1916
loans authorized but not issued as o f August 31,1898:
P aving Bonds 1891.—
4s........... 2 0 ,0 0 0 ....May 15,1918
Inside
4s, J&D, $15,000.......... 1899-1901 4 s ,........ 10,000....M ay 15,1918
Outside
Purpose o f Issue—
Debt Limit.
($5,000 due yearly on June 1.)
Debt Limit.
4s........... 68 ,00 0 .... Apr. 1, 1920
Publio parks......................................................................
P olice—
$450,000
4 s ,........
5,000....O ct. 1, 1920
Rapid transit.......................................................
4s,
J&J, $10,320.......... 1899-1902 4 s ,......... 25,00 0 .... May 1, 1921
3,000,000
School houses....................................................... $650,000
($2,580 due yearly on July 1.)
4
s
,.........
2
0 ,0 0 0 ....May 1, 1922
New ferry landing.................................. ......................
School B onds—1889-1897.
331,200
4s, M&N, 25,000___Mar. 1, 1923
South Union Station...........................................
750,000
400,000 4s, F&A, $ 3,500........ Aug. 1, 1899 4s, J&D, 62,000... .Dec. 15,1923
Sewerage Works.....................................................................
($3,500 due yearly on Aug. 1.)
1,000,000
4s........... 25 ,00 0 .... Apr. 1, 1924
2 ’450’000
Laying out and construction of highways___
1889-’90-l-2 -3-4 -5-6 -7 .
4 s ,......... 25,000 .. . Apr. 1, 1925
Other lo a n s.........................................................
48,500
’ 6 4 l’,000 4s, F&A, $3,000............ 1899-1900 4 s ,........ 2 5 ,0 0 0 ....Oct. 1, 1925
($1,500 due yearly on Feb. 1.)
4s, M&N 25,000 ...M a y 1, 1926
Totals...............................................................$1,448,500
$8,272,200 4s, J&J, $12,000...........1899-1901 3*28, J&J, 50,000___July 1, 1919
($4,000 due yearly on July 1.)
3*28, M&N,15,000...M ay 1, 1917
.B O R R O W IN G PO W ER.—The city’ s borrowing power August 31 4s, J&D, $7,200............ 1899-1902 4s, F&A, 10,000... Aug. 1, 1928
1898, is shown in the following statement:
($1,800 due yearly on June 1.)
Total debt, oity and county.......................................... ....... $80,766 390 76
The water bonds are coupon, all others registered.
Less special loans (outside of limit).......$27,632,800 00
*
PAR VALUE OF BONDS.—The bonds are mostly for $1,000 each
do county loans (outside o f lim it).,.... 2,921,000 00
INTEREST is paid at the office o f the City Treasurer.
do Cochituate water debt...................... 17,461,273 98
T O T A L DEBT, SINKING FUND, Et c .—The subjoined statement
Total deductions............................................................ . 48,015 073 98 shows Brockton’s total municipal debt, the slnfc-mg fund held by the
city against the same, and the water debt.
Total debt less above deductions........................................$32,751 316 78
Jan. 1,1898.
1897.
189C.
1895.
Sinking funds,less $13,766,73123 held for loans deducted
’
Bonded
debt................$1,982,400 $1,938,680 $1,936,960 $1,687 918
as above (water loans, etc.)............................................... 14,147,773 20 Sinking fund................
242,000
207,000
187,000
167,000

Net debt, excluding debts outside of limit................. $18,603,543 58
Two per cent on $951,638,949 (average valuation lor
five years, less abatements)........... .................................. $19,032,778 98
Net debt, as above.......................................................... ....... 18,603,543 58
Right to borrow August 31, 1898, under chapter 178
acts o f 1885................................... ......................................
$429,235 40
Right to borrow August 31, 1898, under chapter 93,
acts o f 1891, estimated...................................................... 1,718,517 46
Bonds to the amount o f $1,448,500 inside of the debt limit have been
authorized, but are not yet issued.
ASSESSED VALU ATIO N .—The city’s assessed valuation of real
e >tate and personal property and tax rate have been as follow s:




Netdebt..................$1,740,400 $1,731,680 $1,749,960 $1,520,918
Waterdebtincl. above $760,000
$720,000
$695,000
$645,000
The city has no floating debt and the amount of sinking fund Jan 1
1898, was all applicable to the payment o f the water debt!
ASSESSED VALUATION.—The city’s assessed valuation (which is
23 or actual value) and tax rate have been as follow s:
Real
Personal
Total
*Rate o f Tax
Tears—
Estate.
Property.
Valuation.
per $1,000.
1807.......... $22,659,616
$2,981,756
$25,641,372
$20:70
1896......... 21,569,541
2,916,860
24,486,401
19-70
1895.......... 19,460,836
3,109,709
22,570,545
18-60
1890.......... 14,997,605
2,497,997
17,495,602
151882..........
............
9,150,702
16Including State, county and city levy.

20
6628

P O P U L A T IO N . —In 1897 population was 35,863; in 1890 it was
27,294 ; in 1880 it was 13,608 ; m 1870 it was 8,007.

B R O O K L I N E . — G e o r g e H . W o r t h l e y , T reas.
This town is in Norfolk County.
When Due.
LOANS—
When Due.
LOANSB ath H ousePakk B onds—(Con.)—
3128....... . $ 1 2 ,0 0 0 ....Nov. 1,1898 35ss........$2,600_____June 15,1899
($1,500 due yearly) to Nov. 1,1905 $650 due yearly) to June 15,1902
3?16s, . . . . $ 2 0 ,0 0 0 ....July 1,1899 3 % » ,....... $87,500..June 15,1899
($2,500 due yearly) to July 1,1906 ($6,250 due y’rly) to June 15,1912
B ridge N otes—
3*28, ....,$ 1 8 ,3 6 0 .......Jan. 1,1899
4s, J&J, $3,000........ Jan. 1,1899 ($1,080 due yearly) to Jan. 1,1915
($1,000 due yearly) to Jan. 1,1901
P lay Grounds—
39jfcs ...... $23,750........... 1899-1917 3®8S,___, $2,800___ May, ’99-’05
School Notes —
($1,250 yearly in October.)
4 s ,. . . . . $5,600..........Apr. 1,1899
Miscellaneous—
4 s ,........ $60,000........ June 1,1899 4 s , .. . . , 22,400......... Ju n el, 1900
($20,000due yearly) to Ju n el, 1901 ($5,600 due yearly) to J un el, 1903
4 s , ........$57,900..........Nov. 1,1898 4s, . . . . . $6,000... July 1, 1902-3
($9,650 due yearly) to Nov. 1,1903 35gs......... 110,500......May 1,1899
35s8......... 7 ,2 5 0 ...May 1,1899 ($6,500 due yearly) to May 1,1915
3916s, . . . . 10,20 0 ...June 15,1899 3*28....... . $17,500......Aug. 1,1899
($1,700 due y ’rly) to June 15,1904 ($2,500 due yearly) to Aug. 1,1905
39,6s, ....$ 1 4 8 ,8 0 0 ..June 15,1899 3*28,____ $42,500......Jan. 1,1899
($9,300 due y’rly) to June 15,1914 ($2,500 due yearly) to Jan. 1,1915
Sew er B onds—
3»16s, . . . , $ 7 5 ,2 0 0 ....July 1, 1899
($9,400 due yearly) to July 1,1906 4 s ,......., $7,500.... Feb. 1,1899
3*28, . . . . . $28,5 0 0 ...Nov. 1,1898 ($1,250 due yearly) to Feb. 1,1904
3*28,....... Ip,000.. Nov. 1,1899 3*28, ....,$ 3 ,0 0 0 ........ July 1,1898
Street Notes—
P ar k B onds48, J&J, $49,000........ July 1,1898 4s, J&J, $10,000........ Jan. 1,1899
Water Scrip (Part due yearly) to July 1,1911
4s, M&S, $12,000.......Sept. 1,1899 58, J&J, $42,000...Jan. 1,1900
($4,000 due yearly) to Sept. 1,1901 4s, ....... I l l , 6 5 0 ...July 1,1899
4s, F&A, $8,000.......Aug. 1,1899 ($4,466 due yearly) to July 1,1923
($4,000 due yearly) to Aug. 1,1900 4s, F&A, $23,000...Jan. 1,1899
4s, J&J, $3,000.........Jan. 1,1899 ($1,000 due yearly) to Jan. 1,1921
($1,000 due yearly) to Jan. 1,1901 3®88.........$49,560... .June 15,1899
4s, J&J, $24,000........ Aug. 1,1898 ($2,065 due yearly) to June 15,1922
(Part due yearly) to Aug. 1,1910 3» t« s, $26,000........... June 15,1899
4s, J&J, $15,000.........Aug. 1,1898 ($1,000 due y’rly) to June 15,1925
(Part due yearly) to Aug. 1,1906 3»i6f», ....,$ 1 4 ,2 5 0 ___Jan. 1,1899
4s, J&J, $13,000.........Jan. 1,1899 ($7oO due yearly to Jan. 1, 1917
($1,000 due yearly) to Jan. 1,1911 3*28.........$16,200... Aug. 1,1899
($600 due y ’ rly) to Aug. 1,1925
4 s ,___ , $10,400.......... Mar. 1,1899
($2,600 due yearly) to Mar. 1,1902 3'35s, . . . . $14,000 ....Ja n . 1,1899
($700 yearly)
to Jan. 1,1918
48, . . . . . $56,000.......... Mar. 1,1899
/$4,000 due yearly) to Mar. 1,1912
T O T A L DEBT, SINKING FUND, E T C .—The subjoined statement
shows the total municipal debt, the sinking fund held by it against
the same, and the water debt, in each of the years mentioned:
Feb. 15,1898. Feb. 15,1897. Feb. 15,1896Total d e b t ..................................$1,394,951
$2,079,212
$2,235,673
Sinking funds, except for water
38,977
125,000
154,214
Net debt.....................................$1,355,974
Deduct water debt...................
304,791

$1,954,212
727,172

$2,081,459
735,653

Net debt as defined by law .......$1,051,183
Net debt allowed by law.......... 1,925,076

$1,227,040
1,829,904

$1,345,806
1,770,078

Available balance.................. .
............
$602,864
$424,272
The sinking funds are mostly invested in sundry municipal bonds.
T O W N P R O P E R T Y . —The town’s total assets, including buildings’
parks, water works, sinking fund, etc., amount to $4,672,199. The
water works are valued at $938,585.
ASSESSED VALU ATIO N and tax rate have been as follow s:
,--------------Assessed Valuation-------------- , Rate o f Tax
Tears—
Real.
Personal.
Total.
per $1,000
1898.................. $49,947,300
$16,542,300
$66,48^,600 $11-80
1897.................. 47,519,000
16,650,200
64,169,200 12-20
1896...........
45,782,700
15,129,300
60,912,000 12-40
PO PU LATIO N .—In 1898 population (est.) 17,500; in 1890, 12,103.
P A tv/t mj tz? T r \ p tt1
5 A.
SORTWELL, Mayor.
O A V l V i l D l r t l U L x l l , . — f WILLIAM W.DALLINGER. Treasurer
This city is in Middlesex County.
Sew er B onds—(Con.)
LOANS —
When Due.
B ridge L oan4s. A&O, $75,000..Oct. 1,1916
48, A&O, $10,000..Oct. 1,1917
Street L oan4s, J&J, 100,000.. July 1,1918 48, M&N, $55,000..May 2,1902
4s, M&S, TOO,00 0 ..Sept. 1,1918 4s, F&A, 30,000.. Aug. 1, 1914
4s, M&S, 115,000..Mar. 1,1919 4s, A&O, 60,000..Oct. 1, 1915
4s, M&N,
5,000..Nov. 1,1920 4s, A&O, 137,000..Oct. 1,1916
4s, J&J,
15,000..July 1, 1901 3*28. M&N, 11,000..Nov. 1,1907
4s, J&J.
60,000.. July 1,1921
Street W idening B onds4s, F&A, 10,000 .Aug. 1,1923 68, J&J, $10,000 July 1,1903
B uilding L oan—
6s, J&J,
90,000. July 1,1904
4s, M&N, $20,000..May 2,1902 6s, J&J.
14,000.. July 1,1905
4s, F&A, 118,000.. Aug. 1, 1914 4s, J&J.
8,000..Nov. 1, 1899
4s, A&O, 60,000..Oct. 1, 1915
Cemetery 4s, A&O, 103,000..Oct. 1, 1916 48, F&A, $65,000..Aug. 1, 1905
4s, M&N, 40,000.. Mov. 1, 1903
Clay L and L oanM unicipal Bonds—
48, J&J, $50,000.. July 1,1911
4s, F&A, $52,000..Aug. 1,1904 3*28, M&N, 20,000..Nov. 1,1912
PXrk B onds3*i s, F&A, 10,000.. Aug. 1,1913
48, F&A,$360,000.. Feb. 1,1924
Charles R iver I mp’ t . B onds4s, F&A, lu0,000..Aug. 1,1935 3128, F&A, $50 000 Aug. 1, 1938
4s, F&A, 100,000..Feb. 1,1936
W ater B onds4s, F&A, 100,000.. Aug. 1, 1926 48, A&O, $90,000..Oct. 1,1907
4s, A&O, 40,000..Oct. 1,1926 4s, M&N, 22,000..Nov. 1,1907
46,000.. July 1, 1908
3*28, M&S, 100,000..Sept. 1,1937 4s, J&J,
3*28, M&N, 50,000..Nov. 1, 1937 4s, F&A, 25,000. Aug. 1,1908
3*28, F&A, 50,000. Aug. 1,1938 4s, J&J,
20,000.. July 1,1909
4s, M&N, 288,000..May 1, 1910
P aving B onds48, M&N, $50,000..Nov. 1, 1902 4s, J&J.
75,000..July 1,1910
3*28, A&O, 20,000..Oct. 1,1907 4s, M&S, 125,000..S ept.l, 1910
School B onds4s, J&J,
20,000. Jan. 1, 1911
48, M&N,$100,000..May 1,1900 4s, A&O, 35,000..Oct. 1,1911
4s, J&J, 100,000.. Jan. 1,1901 4s, J&J. 150,000.. Jan. 1,1912
4s, J&J, 60,000.. July 1, 1901 4s, M&N, 75,000..May 2,1912
4s, M&N, 20,000.. Nov. 1, 1902 4s, M&N, 45,000..Nov. 1,1912
3*28, J&J, 100,000.. July 1,1917 4s, F&A, 100,000..Feb. 1,1913
3*28, M&N, 9,500..Nov. 1,1907 4s, F&A, 50,000.. Aug. 1, 1913
4s, A&O,
6,000..Oct. 1,1916 4s, A&O, 300,000 . Apr. 1, 1924
3*28. F&A, 140,000..Aug 1,1918 4s, A&O, 200,000..Apr. 1,1915
Sew er Bonds—
4s, F&A, 200,000..Aug. 1,1915
6s, J&J, $136,000. July 1,1903 4s, A&O, 100,000.. Apr. 1,1916
6s, J&J, 295,000.. July 1,1904 4s, J&J, 200,000.. July 1,1916
6s, J&J. 144,000.. July 1,1905 4s, F&A, 100,000.. Aug. 1, 1916
4s, M&N, 30.000. .Nov. 1,19074s, A&O, 265,100..Oct. 1,1916
4s, M&N, 22.000. .Nov. 1,19093*28, M&N, 43,000..Nov. 1,1906
4s, M&N, 15.000. . May 1,19103*28, J&J, 100,000.. July 1, 1917
4s, J&J, . 15.000. . July 1,19113*28, A&O, 200.000.. Apr. 1,1917
4s, F&A, 75.000. .Aug. 1,19243*28, M&N, 75,000..Nov. 1,1917
4s, A&O, 60,000..OcL t ; 1925 |3*28, J&D, 100,000..Dec. 1,1917




INTEREST on bonds Is payable atthe Nat.Bank of Redemption,Bos
T O T A L DEBT, SINKING FUNDS, ETC.-The subjoined statement

shows Cambridge’ s total municipal debt, the sinking fund held by the
city against the same, the water debt and its sinking fund on the first
of December of each of the last three years.
Dee. 1,1897. Dec. 1,1896. Dee. 1,1895
$3,313,000
$2,756,000
Total bonded debt..................... $3,623,500
Sinking funds.............................
714,974
581,668
511,817
Net municipal debtDec. 1..$2,908,526
Water debt (additional)............$2,961,600
Sifiking funds........ ......... -........
464,138

$2,731,332
$2,602,600
369,347

$2,244,183
$2,215,506
546,049-

Net water debt.................. $2,497,462
$2.233,253
$1,669,451
Net city and water debt__ $5,405,988
$4,964,585
$3,913,634
The city has no floating debt. The borrowing capacity for 1898 i8>
$572 935.
The sinking fund for the ten-year loans receives yearly 8*2 per cent
of the amount of outstanding bonds, for fifteen year loans 5 per cen t
yearly, for the twenty-year loans 3*2 per cent, for the thirty-year loans
2 per cent and for the forty-year loans 1*4 per cent.
C ITY W A T E R W O R K S.—The cost of the water works up to De­
cember 1,1897, was $5,285 926, while the net debt on the same is$2,497,462. In year 1897 receipts from water rates were $291,457.
ASSESSED VALUATION.—The city’ s assessed valuation and tax
rate at various periods have been as follows, property being taken at
cash valu e:
------- =— Rale o f Tar
Assessed Valuation
Personal
Total
per $1,000..
Years—
Real
$16,642,990
$89,551,090 $16-40
1898.................$72,908,100
16,302,045
86,641,745
17-50
1897................. 70,339,200
15,914,995
83,750,085
15-10
1896................. 67,835,100
16.607,360
80,911.060
15*70
1895................. 64,303,700
15,339,925
67,574,925
15*60
1890.................. 52,235,000
12,758,255
55,346,555
15*50
1885.................. 42,588,300
11,699,660
49,629,060
1600
1880.................. 37,929,400
PO P U LATIO N . —In 1890 population was 70»028; in 1880 it w as
52,669; in 1870 it was 39,634. According to State census population
in 1895 was 81.643.
/ -* a T v T ’ - n / ^ i v T
S ROBERT BIRD, Treasurer.
0 -A .I N 1 LJJLN.— (W ALTER AMES, Cierk.
This town is in Norfolk County.
LOANSWhen Due. Bonded debt July 1 , ’98.$149,000Tax valuation, real........ 2,632,840
W ater B onds—
4s, J&J, $95,000.... 1899 to 1917 Tax valuation, personal.1,294,218
Total valuation 1898___3,927,058;
($5,000 due yearly on July 1.)
4s, J&J, $36,000.......1918 to 1923 Assessment about % actual value.
Total tax rate (perM.) ’98..$16-00
($6,000 due yearly on July 1.)
4s, J&J, $14,000.......1924 to 1925 Population in 1890 w as........ 4,538
Population in 1880 was ......4 ,5 1 6
($7,000 due yearly on July 1.)
4s, J&J, $4,000...
July 1,1926 Population in 1896 (est.). . . .4,700

INTEREST is payable at the town treasury.

C H A T H A M . — L evi A twood, Treasurer.
This town is in Barnstable County.
LOANS—
When Due. Total bonds Jan. 1,1898..$25,000
Chatham RR. B onds—
Town notes................
13.83T
4*28, M&S,$ 9 ,0 0 0 ....Sept. 1,1902 Stock Chatham RR. owned. 31,000
Tax
valuation,
real............
714,2994*28, M&S, 1 2 ,0 0 0 ....Sept. 1, 1907
4*28, M&S, 4 ,0 0 0 ....Sept. 1,1912 Tax valuation, personal ...120,357
Total valuation 1897........ 834,656Refunding Bonds—
4*28,........ $6,000............................. Assessment about % actual value.
Total tax per $1,000 ’9 7 ... $17*06
R oad F und Notes—
4s, J&J, $ 1 ,0 0 0 ...........Jan., 1899 Population in 1895 w as.......1,809
($500 due yearly) to Jan., 1900 Population in 1890 was........ 1,954
INTEREST on the railroad bonds is payable at the Bank o f Com­
monwealth, Boston; on the road fund bonds at Cape Cod Saving»
Bank, Harwich, Mass.
't ox? a
5SETH J. LITTLEFIELD, Mayor.
r l l l i i _ .o L L . / A . — ( t . B. FROST, Treasurer.
The city is in Suffolk County. The city bonds at present outstanding;
will be refunded at maturity and the new bonds will be payable in 1911..
When Due.
P ublic I mp . Loan—Continued—
LOANS—
.
City B onds4s, A&O. $70,000........ Oct. 1,1927
Special Loans—
48, J&D, $27,000... .Dec. 1,1898
■4s,
B A&O,
UM
150,0 0 0 ....Oct. 1,1901 4s............ $4,000... .Dec. 1,1898
4
s
90.000. . . . 0ct. 1, 1903 , ........ . 1 9 ,7 0 0 .....Dec. 1,19024s, A&O,
48, A&O,
70.000. .. . Oct. 1,1905 4s, . . . . . . . '20,000....... Dec. 1,1898
4s, A&O, 100,000.... Oct. 1,1907 4 s , ........... 18,000......Dec. 1,1896
4 s , . .......... 10,000......Dec. 1,1 89 6
Refunding B onds—
4s, A&O, $1 8 1,0 0 0 ....Oct. 1,1911 4s.............. 10,000......Dec. 1,1904
4 s ,. . . . . . . 2 0 8 ,0 0 0 ....Dec. 1,1911 4 s , ........... 32,000......Dec. 1,1911
P ark Loan—
W ater B onds—1891—
4s, A&O, $ 6 0 ,0 0 0 ....Oct. 1,1936 4s, g.,J&J 15, $150,000g. Jul.,1911
P ublic I mprovement Loan4s, g.,J&J 15, 150,OOOg.Jul.,1921
48, A&O, $40,000........ Oct. 1,1907
INTEREST is paid in Boston at National Bank of Redemption or by
City Treasurer, Chelsea.
p u l

T O T A L DEBT, SINKING FUND, ETC.—The subjoined statement
shows Chelsea’ s total municipal debt, the water debt, the special loan»
and the sinking fund held by the city, on the 1st of January o f each
of the last four years. Mr. Frost, the City Treasurer, informs us that
all the indebtedness ot the city o f Chelsea is now covered by special law,
and that hence the 2*2 per cent limit on the indebtedness of Massachu­
setts cities does not apply.
1898.
1897.
1896.
1895.
Loans and debt.......*$1,109,700
$949,700
$906,200
$935,206
Sinking fund.............
158,088
165,059
116,008
92,776

Net debt.............
951,612
Water debt (addit’al) $300,000
do
sinking fund
36,642
Net water debt..
263,358
Total net debt..........$1,214,970

$784,641
$300,000
36.642

$790,192
$300,000
29,808

$842,424
$300,006
23,448

$263,358
$270,192
$276,552
$1,047,999 $1,060,384 $1,118,976

* Including improvement loan.
C ITY P R O P E R T Y .—The city owns its water works, which in 1896
earned from water rates $50,603 70.
ASSESSED VALU ATIO N .—The city’ s assessed valuation (the same
as actual value) and tax rate have been as follows in the years named,
<---------------- Assessed Valuation---------------- , Rate o f Tax
Years—
Real
Personal.
Total.
per $1,000.
1897................ $20,751,100
$2,304,827
$23,055,927
$17-60
1896................. 20,528,550
2,384,544
22,913,094
16-80
1895................. 20,032,050
2,482,993
22,515,043
17-00
1890............... 18,187,500
2,613,439
20,801,139
17-60
1884............... 15,802,550
2,300,947
18,103,497
18*60
P O P U L AT IO N . —In 1895 population was 31.295; in 1890 it was27,909; in 1880 it was 21,782; in 1870 it was 18,547.

22

st a t e

firn c m B v r n t m n T .

L-T T f'v TD up tt’
$ GEO. D. ELDREDGE, Mayor.
V x7 1-L,rL'-— \JOHN D. WHITE, Treasurer.
1890COPee 1S ^ ^ amP^en County and was incorporated as a city in

Vol. L X V II

, ASSESSED VALU ATIO N .—The assessed valuation of real estate
in 1897 was $14,262,900; personal property, $665,100; total, $14,928,000; total tax rate (per $1,000), $18-70. Property is assessed at
a fair cash value.
POPULATION—In 1897 about 21,000; in 1895 it was 18,578; in
1890 it was 11,068 ; in 1880 it was 4,159 ; in 1870 it was 2,220.

LOANS—
When Due.
LOANSWhen Due.
B ridge L oan48. J&D, $10,000... June 1,1906
48, J&D, $53.000___ June 1,1904 3Sts, J&D, 10,000...Aug. 9, 1902
E lectric L ight B onds—
3*28, J&D, 51,500...June 1, 1902
4s, J&D, $75,0 0 0 ......... 1898-1922 3*28, J&D, 4,0 00 ...Deo. 1,1898 F A I R H A V E N . — Chas . F. Sw ift , Treasurer.
-*8j......... 6 ,0 0 0 .... July 15,1906
($1,000 yearly) to Dec. 1,1901
City Notes—
This town is in Bristol County.
School Bonds4*28, M&S, $11,000.8ept. 1, ’ 99-’04 48............ $ 26,000.... June 1,1907
LOANS —
When Due. Total debt Mar. 1, 1898. $98,525
4428, J&D,
2,000...Dec. 1,1903 3*28........ 10,000....................1903
Sew er B ondsAssessed valuation, real. 1,929,619
4*28,
550... On demand.
Water B onds—
48, A&O, $73 ,0 0 0 ..... 1899 to 1917 Assessed valuat’n, pers’l. 294,118
4s, J&D,
5.000.
.. Dec. 1, 1898
4s, J&D, $299,000.$11,500 yearly. ($2,000 to 1902; $3,000 to 1907; Total valuation 1897___2,223,737
4s, J&D,
4.000.
.. Deo. 1,1*99
Net debt Jan. 1 ,1 8 9 8 .... $624,850
$4,500 to 1912; $5,500 to April Tax rate (per $1,000) 1897.$15-20
4s, J&D, 10.000.
.. Oct. 1,1905Water debt (included).... 299,000
1, 1917.)
Population in 1897..... .........3,338
4 b, J&D,
2.800..
.Dec. 2,1905
Tax valuation, real........ 6,884,660 Floating debt..... . ........... $23,525
4s, J&D, 20.000. .. Aug.29,1900Tax valuation, personal.2,427,280
4s, J&D, 23.500.. . June 1,1902Total valuation 1898___9,311,940
5 CHAS. P. BRIGHTMAN. Treasurer.
3310s,
48,500.Nov. 30, 1898 Tax rate (per $1,000) 1898.$18-10 F A T T R T V T 7 P
17X1 v
— ? HENRY W. CLARKE, City Auditor.
4s, J&D,
6.500..
Nov. 18,1902
Population in 1895 was___16.427
i n ^ H H i - r , which is in Bristol County, was incorporated as a city

C L I N T O N . — A . S. F u l l e r , Water Registrar.
This town is in Worcester County.
'
LOANS.—
When Due. Tax valuation 1897 ___$7,148,967
Water B ondsTax rate (per M.) ’97.
17-80
48, A&O, $115,000___Oct. 1,1901 Population in 1895 was.
11,500
.............
2,5Q ............... . ......... Population in 1890 was.
10,424
Total debt May 1,1897...$462,420

C O N C O R D . — This town is in Middlesex County.
LOANS —
When Due.
W a t er w o r k s —
4s, A&O, $45,000........ Oct. 1,1903
............. 22,500..............................
Sewer Bonds—
•4s....... $70,000........................1928

Total debt Aug. 1,1898.. $95,600
21,000
Sinking funds..................
Tax valuation 1897.........3,880,115
Tax rate (per $1,000) 1898...13-33
Population in 1890 w as........ 4,427

D A L T O N F IR E D IS T R IC T
SON, Treasurer.— Tn Berkshire County.

-J o h n D . C a r -

When Due. Tax valuation, real.......$1,486,127
LOANS—
W arer L oans—
Tax valuation, personal 969,986
4s, J&D, $50,000........
1914 Total valuation, 1898... 2,456 113
6,000........ On demand Assessment about 23 actual value.
4 s ,........
Bonded debt Jan. 15,’98. $56,000 Town tax (per $1,000) ’98..$15-00
Floating debt..................
21,000 Population 1895 (of tow n).. .3,207
Total debt Jan. 15,1898.
77,000 Population 1890 (of tow n).. .2,885
There has never been any tax levied by the fire district, as water
rents pay all expense and a balance of about $1,000 is appropriated
yearly for improvements or sinking funds.
INTER EST on the bonds due in 1914 is payable at Boston and Pitts­
field: on others at Pittsfield, Mass.
5 A. P. LEAROYD, Town Treasurer.
I JULIUS PEALE, Clerk.
This town is in Essex County.
LOANS —
When Due.
W ater B onds (Con.)—
T own H ouse4s, J&D, $25,000--June 1,1911
48................ $30,050........... 1898-16 4s. J&D,
15,000...J u n el, 1913
E lectric L ight B onds—
4s, A&O, 22,800.................... 1919
4s, F&A, $1,500......................1899 4s, F&A, 12,515.......1920 to 1926
............. 11,000.........June 1,1916 • ....... , 14,000.......June 1 , 192'6
School B onds—
........ 2,993.......Feb. 1,1927
4s,
M&N, $3,400................. 1903
........ 1,335:......Feb. 1,1928
4s,
J&D, 15,500...... .1899-1915 Bonded debt July 1, ’98. $319,743
4 s , ............ 10,000................. 1917 Float’g debt (additional). 20,000
4s.............. 10,000......................... Sinking fund ................... 65,493
E lectric -Light B ondsTax valuation 1898.........4,976,575
48.........., $4,000.................... 1917 Tax rate (per $1,0001 ’98...$19-20
Water B onds—
Population in 1895 was........ 8,181
5s, J&J, $150,000.......July 1,1906 Population in 1890 was........ 7,454

D A N V E R S ,

5E. A. BROOKS, Treasurer.
I DON GLEASON HILL, Clerk.
LOANSWhen Due. Total debt July 1, 1898 $153,725
Notes—
Assessed valuat’n, real. 7,002,005
4 s , . . . . , $2,550..Nov. 26, 1898
Assessed valuat’n,pers’ l 1,163,780
4 s , .. . . ,
5,000..Nov. 26, ’99-’00 Total valuation 1898. . 8,165,785
4 s , . . . . , 109,375.. 1-20 years.
Tax rate (per $1,000) 3898.$16 80
School L oanPopulation in 1890 w a s.,__ 7,123
48, ........ , $38,000...........1899-1906 Population in 1898 (est.)..... 7.211

D E D H A M ,

T IT TYT R T TT3 " V
i J. W. SWIFT, Treasurer.
mCT . ^ U . “
1 *— <GEO. H. STEARNS, Clerk.
This town is in Plymouth County. Assessment is at fuU value,
i" LOANS
When Due.
A lmshouse Note—
B ridge N otes—
4s......... $1,000......................... 1899
4=8,........,$ 5 ,0 0 0 ....June 1, ’ 99-’03 Total debt Jan. 1 ,1 89 8 .. $41,650
R ailroad Notes—
Tax valuation 1897.........1,565,158
4*as, A&O, $ 6 ,0 0 0 ....Apr. 1,1899 Tax rate (per $1,000) ’97 $15-60
($2,000 yearly) to Apr. 1,1901 Population in 1895 w as........ 1,966
4s A&O, $25,000.......Apr. 1,1906 Population in 1890 w as........ 1,908

LOANS —
When Due.
City H all L oans—
3^s, M&N, $5,250..Nov. 5,1898
($1,750 due y ’rly) to Nov. 5,1900
3%s,M&N, $6,000... May 1,1899
($2,000 due y’rly) to May 1,1901
3*as, A&O, $5,000.O ct.... 1,1899
3*sss, A&O, $10,000.A pr.. 15,1899
($5,000 due y ’rly) to Apr. 15,1900
City H ospital L oan48, F&A, $10,000...Feb. 1,1899
($2,500 due yearly) to Feb. 1,1902
F unding L oans—
3%s,A&0, 20,000...Apr. 1,1899
H ig h w ay L oans—
4*28, J&D, $15,000... June 1,1899
($5,000 due y’rly) to June 1,1901
4*28, M&S, 40,000.. .Sept. 1,1901
4*28, A&O, 10,00 0 ...Oct. 2, 1903
4s, F&A, 20,000...Feb. 1, 1899
($5,000 due y’rly) to Feb. 1,1902
4s, M&S,$102,000...Mch. 1, 1906
3%s, M&S, $3,000...Sept. 15,1899
($1,500 due y ’rly) to Sept. 15,1900
Municipal L oans—
4s, M&N, $38,000...May 1,1899
($9,500 due yearly) to May 1,1902
4s, J&J, $105,000*..July 1,1899
($7,500 due yearly) to July 1,1912
4s, M&S, $86,500___Mar 1,1903
4s, A&O, 21,000...Oct. 1,1904
4s, F&A, 173,000...Feb. 1,1905
4s, M&S, 190,000...Mch. 1,1904
4s, J&J, 28,000...Jan. 1,1906
3%s, M&N, 4,500.......Nov. 5,1898
($1,500 due y ’rly) to Nov. 5,1900
4s, M&S, $150,000___ Mar. 1,1907
4s, F&A, 205,000___ Feb. 1,1908
P aving L oans—
4*28, J&D, $7,500..June 1,1899
($2,500 due y ’rly) to June 1,1901
3*28, J&D, $ 5 ,0 0 0 ...June 2,1899
($2,500 due y’rly) to June 2,1900
P ublic L ibrary 48, J&D, $75,000*___ June 1,1925
4s, J&D, 75,000*___ Deo. 1,1925
4s, J&J, 75,000.......Jan. 1, 1927
4s, M&N, 25,000.......... .May, 1918
School L oans—
4*48, A&O, $150,000* .Oct. 2,1913
4s, A&O, 60,000... Apr. 1,1916
3 *28, M&S, 10,000... May 5,1899
($5,000 due y ’rly) to May 5,1900
4s, F&A, $100,000...Aug. 1,1917
4s, A&O,
7 0 ,0 0 0 ....Apr. 1,1917

LOANS—
Whe>n Due
Sew er L oans—
4*2S, J&D, $32,500...June 1,1899
($2,500 due y’rly) to June 1,1911
4*28, A&O, $ 1 0 ,0 0 0 ....Oct. 2,1913
4s, A&O, $35,000.......Apr. 1,1899
($2,500 due y’rly) to Apr. 1,1912
4s, M&N,$25,000...May 1,1913
4s, A&O, 75,000...Apr, 1,1926
4s, A&O, 18,000...Oct. 1,1914
4s, F&A, 65,000...Feb. 1,1925
4s, M&S, 25,000...Mch. 1,1914
4s, J&J, 100,000*.. July 1, 1926
3 78S, M&N,125,000.. .May 1,1905
3%s, M&N, 6,500...Nov. 5, 1899
($500 due yearly) to Nov. 5,1910
3*28, M&N,$33,000...May 1,1899
($3,000 due y’rly) to May 1,1909
3*28, A&O, $30,000..Apr. 1,1899
($2,500 due y ’rly) to Apr. 1,1910
4s, A&O, $ 5 0 ,0 0 0 ....Apr. 1,1927
4s, A&O, 40,500___ Apr. 1,1928
4s, J&J, 100,000.......July 1, 1928
Water B onds—
6s, M&N, $25,000...Nov. 1,1898
6s, F&A, 150,000...Aug. 1,1899
6s, M&N, 175,000...Nov. 1,1899
6s, F&A, 100,000...Feb. 1,1900
6s, F&A, 300,000...Feb. 1,1904
6s, F&A, 300,000...Aug. 1,1905
6s, M&N, 100,000...Nov. 1,1906
5s, M&N, 100,000...May 1,1908
5s, F&A, 100,000...Feb. 1,1909
5s, M&N, 100,000...May 1,1909
4*28, J&D, 25,000...June 1,1905
4s, F&A, 100,000...Aug. 1,1900
4s, J&D,
75,000. .. June 1,1923
4s, M&N, 25,00 0 ...Nov. 1,1923
4s, M&N,
25,00 0 ...May 1,1924
4s, M&N, 25,000...Nov. 1,1924
4s, M&N,
25,000...May 1, 1925
4s, J&D,
50,000... June 1, 1925
4s, M&N, 25,000.. .Nov. 1,1925
4s, M&N, 2 5 ,0 0 0 ...May 1,1926
4s, M&N, 25,000...Nov. 1, 1926
4s, A&O,
25,00 0 ...Apr. 1,1927
4s, M&N,
25,000...Nov. 1, 1927
Water W orks E xtension —
3%s, M&N, $ 3,000....Nov. 5,1898
($1,000 due y’rly) to Nov. 5, 1900
4s, A&O, $ 2 5 ,0 0 0 ....April 1,1928
W ater T ank—
4s, F&A, $4,500........ Feb. 1, 1899
($1,500 due yearly) to Feb. 1,1902

* Special loans.
IN T E R EST on most of the bonds is paid only at the office o f the City
Treasurer; on some small issues, in B oston.
T O T A L DEBT, Et c .—The subjoined statement shows Fall River’ s
total municipal debt, the additional water debt, and the sinking funds
held by the city against the same, on the dates nam ed:
Jan. 1, ’98.
Jan. 1, ’97.
Jan. 1, ’ 95
Municipal bonded d e b t............ $2,578,750
$2,260,500
$2,366,861
Permanent loan, &o..................
76,380
73,905
50,000
Total debt............................ $2,655,130
Sinking fund, &o.......................
549,160

$2,334,405
440,227

$2,416,861
873,100

Net city debt...................... $2,105,970
Special loans, less sinking f ’ds.
609,804
Net city debt, less speo’l loans. 1,496,166
Water debt (additional)........... $1,925,000
Water sinking fu n d s.................
503,747

$1,894,178
520,000
1,374,178
$1,900,000
456,586

$1,543,761
285,000
1,258,761
$1,800,000
352,677

N etw aterdebt.....................$1,421,253
$1,443,414
$1,447,323
Tot. net debt, less special loans.®2,917,419 $2,817,592
$2,706,084
This town is in Hampshire County.
ASSESSED VAL U A T IO N —The city’ s assessed valuation (about the
T"nnot’s,4s&4*2S,Sept.,’98$84,809 1Total valuation 1898...$2,918,522 same as real value) and tax rate have been as follow s:
Water debt (included)..
30,000 |Assessment about % actual value.
Real
Personal
Total
Rate o f Tax
Tax valuation, real---- 2,254,265 |Tax rate (per $1,000) 1898.$15 -50 Tears—
Estate.
Property.
Valuation, per $1,000.
Tax valuation, person’l
664,257 |Population 1890................... 4,790
1898.................. $44,061,850
$26,856,286
$70,918,136 $17-80
1897.................. 43,363,900
27,928,463
71,292,363
17-20
1896................. 41,935,800
27,350,696
FRANCIS E. DYER, Mayor.
69,286,496
1700
E■cV E R E T T - t ;NATHAN
1895..................
40,043,050
25,195,128
NICHOLS, Treasurer.
65,238,178
17-20
21,013,533
.
*s in Middlesex County. It was formerly a part of the town 1890.................. 32,459,650
53,473,183
16-40
but was incorporated as the town of Everett on March 9 1885.......................................
43,820,005
18-80
1870. It became a city on Jan. 1,1893.
P O P U LATIO N —In 1897 population was 101,106; in 1890 it was
74,398 ; in 1880 it was 48,961; in 1870 it was 26,766. In 1898, ac­
> LOANS —
When Due.
Water B ondsSew er B onds—
48, J&J, $30,000........ July 1,1922 cording to local figures, 97,498.
4s, J&J, $50,000.......... Jan. 1,1911 4s, J&J, 100,000........ July 1,1921
4s, J&J, 50,000.........July 1,1911 4s, J&J, 60,000........ Jan. 1,1924
$ HENRY F. ROCKWELL, Mayor.
4s, J&J, 125,000......... July 1,1923 4s......... 10,000................................ F ’ T T ^ n T - T R i T R f T
r i i O n R U r t L r . - ^ G E O R G E E. CLIFFORD,Treasurer.
3*38, .., 10,000.......................1899
City Notes—
This
city
is
in
Worcester
County.
iMTCDtre-r
„ 3*as & 4s, $249,450.......1898-1913
water bonds and sewer bonds is payable at the
LOANS —
When Due.
LOANS—
When D ue
B ridge —
Wlntnrop Nat. Bank, Boston; on city notes by Treasurer’s check.
Grade Crossing —
4s,
J&D,
$1,000
(reg.)
Deo.
1,1898 4s, J&D, $8,000 (reg.) Deo. 1,1905
.T O T A L DEBT, Et c .—The follow ing shows Everett’ s total debt,
4s, M&N, 9,000 (reg.)Nov. 1,1902
P aving—
the sinking fund held against the same, and the water debt.
B urbank H ospital 4s, M&N, $3,000 (cou.)..Nov. 1, ’98
Jan. 1,’98.
Jan. 1,>97. Jan.lJQG.
Total debt.. ................................... $664,450
$652,575
$590,600 48, J&D, $90,000 (reg.)Dec. 1,1903 4s, M&N, 2,500 (reg.)Nov. 1,1902
F ire D epartmentP olice Station—
•Sinking funds................................ 74,070
57,457
41^480
48, A&O, $6,000 (reg.)1898 to 1900 4s, . . . . .. $10,000 (reg.).......Dec. 1,
4s,
J&D, 35,000 (reg.)Deo. 1,1903
1898 to 1903
i*et<iebt..............................
590,380
$595,118
$549,120
Cit y B onds—
Water debt (included in above).. $190,000
$190,0
$190,000 4s, J&D, $200,000(reg.) June 1, ’ 13 4s, A&O, 32,000 (reg.)Apr.l,1904

E A S T H A M P T O N .— Jos. W . W




il s o n

, JE.,Treas.

October, 1898.

M A s s A C t t u s r r r s - ciTiES

LOANS—
When Due.
School 48, J&D, $4,000 (coup.) June 1,’ 99
4s, M&N, 20,000 (reg.)Nov.l,1902
4s, J&D, 25,000 (reg.)Dec.1,1914
4s, M&N, 200,000(reg)Nov.l,1923
4s, J&D,
50,000(reg.)Jun el,’25
SEWER“ ”
4s, J&D, $3,500.......Dec. 1 ,’98-’01
4s, M&N, 10,000 (reg.)Nov. 1,1903
4s, M&N, 35,000 (reg.)Nov. 1,1912
4s, J&J, 4,000 (reg.).. 1899-1906
4s, J&D, 6,000 (reg.) Dec. 1,1906
4 s , ........,1 5 ,0 0 0 ............. 1898-1907
Sid ew alk —
4s, M&N, $ 2 ,0 0 0 ....Nov. 1, ’98-’99
4s, J&D, 4 ,5 0 0 ....D ec. 1, ’98 ’00

4s. J&D, $1,000 (reg.) .Dec. 1,1898
4s, M&N, 2 ,0 0 0 ....Nov. l , ’98-’99
4s, A&O, 50,000 (reg.) Oct. 1,1903
4s, J&D, 16,000 (reg.)........ Dec. 1,
1899 to 1903
4 s ,....... . 15,000............. 1898-1907
Water —
4s,J&J,$100,000 (reg.) July 1,1901
4s, M&N, ll,000(reg.)N ov. 1,1902
4s, M&N, 25,000(reg.)Nov.l, 1903
4s, A&O. 50,000(reg.) Oct. 1,1903
Now subject to call.
6s, J&J, 80,000(cou.)July 1,1905
6s, J&J, 20,000(cou.)July 1,1906
4s, M&N, 100,000(reg.)May 1,1911
4s, A&O, 300,000(reg.) Apr. 1,1922
Temporary loan, $50,OOO.Nov., ’98
PAR VALU E OF BONDS.—The bonds are for $1,000 each, part
registered and part coupon.
IN TE RE ST on coupon bonds is payable in Boston at Merchants’
Bank. The interest on registered bonds is remitted by check.
T O T A L DEBT. SINKING FUNDS Et c . -The subjoined statement
shows Fitchburg’ s total municipal debt, the sinking fund held by the
oity against the same, and the water debt, on the 1st of December.
1897.
1896.
1895.
Total city debt December 1 ___$1,760,500
$1,798,500
$1,733,000
Sinking funds, cash, etc............
522,191
505,499
411,121
$1,321,879
Net debt on December 1....$1,238,309 $1,293,001
Water debt, included above—
$736,000
$736,000
The total city debt on December 1,1896, included temporary loans
to the amount of $200,000. The sinking funds are invested in sundry
municipal bonds.
ASSESSED VALUATION.—The city’ s assessed valuation and tax
rate have been as follows:
Real
Personal
Total
Rate o f Tax
Estate.
Property.
Valuation.
per $1,000.
1897.............. $16,603,260
$4,652,016
$21,255,276
$19-20
1896
.1 6 ,11 3 ,6 4 7
4,660,212 20,773,859
19 2 0
1895 ..........
15 328,719
4,526,755
19,855,474
18-10
i «94 ......14 267,106

4,210,573

18,477,679

1893
.. 13,855,603
4,419,556
18,275,159
1892
12 971915
4,093,630
17,065,545
............................................
16,261,117
1891 ..........
1 8 9 0 . " " ! ! ! ;. . i l , 885,080
3,591,126
15,476,216
pnpilL ATION —In 1896 population was about 27,500; in
was 22,037; i n 1880 it was 12,429; in 1870 it was 11,260.

is -io

18'00
16-40
16-40
16*40
1890 it

F O X B O R O U G H . — E d w . M. P helps, Treas.
This town is in Norfolk County.
LOANS—
When Due, Floating debt.................. $15,000
Total debt July 1, ’ 9 8 ....
63,200
R efunding B onds—
4s, A&O, $5,000.......................1899 Debt of water dist. (add’l) 90,000
Assessed
valuation,
real.
1,618,255
School H ouse B onds48, A&O, $17,000.........1900-1902 Assessed valuation, per’l 341.232
Total valuation 1897
1,959,487
T own B ondsAssessment about actual value.
48, Sept., $5,000..................1 8 9 8
4 s , .......* 15,000.........July 1,1903 Tax rate (per $1,000) ’97. ..$16*30
($2,500 yearly) to July 1.1908 Population in 1890 was........ 2,933
3,200
Bonded debt July 1, ’98. ..$48,200 Population in 1898 (est.)
INTEREST is payable in Boston.

a n d to w ns,

23

G R A F T O N . — This town is in Worcester County.
LOANS—
When Due.
F unding B onds—
___ _
4s, A&O, $61,500.......Oct. 1,1899
($1,500 due yearly) to Oct. 1,1939
Total debt Oct. 1,1898.. ..$61,500
INTEREST is payable at Grafton.

Tax valuation, real — $1,758,000
Tax valuation, pers’l... 637,445
Total valuation 1897... 2,395,465
Tax rate (per $1,000) ’ 9 7 ... $17-00
Population in 1890 w as........5,002
Population in 1880 was....... 4,030

(W M. BLAKE ALLEN, Treasurer.
XXI
p i e r c e , clerk.
This town is in Franklin County. The fire district is a municipal cor­
poration within the town and has a distinct debt.
Sew er L oanLOANS—
When Due.
A bolition Clay H ill Crossing. 48, J&J, $12,000.......July 16,1914
4s, J&D, $2,000......... Oct. 15,1899 Settlement T own of D eerfield .
4s, J&D, 1886............ Oct. 15,1900 4s, J&J, $10,000 . . . Oct. 15,’06-’07
Interest is payable at Greenfield.
B ridge Loan—
4s, J&J, $8,000.........May 1,1905 Total town debt Mar.,’98. $97,311
Water
debt (additional).
53,375General L oan48, J&J, $10,925........ Oct. 15,1905 Tax valuat’n, real.......... 4,586,468
Tax
valuation,
personal
1,260,452
R enewal RR. B onds48, J&J, $12,000....... Oct. 15,1899 Total valuation 1898— 5,846,926
($3,000 due y’rly) to Oct. 15,1902 Tax val’n, Fire Dis. 1897,4,684,628
Assessment same as actual value.
School loan 48, J&J $2,000....... Oct. 15,1899 Town total tax 1898.............$18-00'
'70
4s, J&J,
1,700....... Oct. 15,1900 Fire District ta x ..................
4s, A&O, 10,000...Oct. 15,1901-2 Population in 1897 was........ 7,5004s, A&O, 15,000...Oct. 15,1903-4 Population in 1890 w as........ 5,252
T A X FREE.—All bonds issued by this town are tax exempt.
in _ . T- —

X T - n T ’n T

T v

J VYIVL. J5 L4A.iV.ru A . L i « i Ca Ln j

G R E E N F I E L D .— } george

H A D L E Y . — H . S. S h ipm an , Treasurer.
This town is in Hampshire County.
LOANS—
TT7ie» Due. I Total debt Feb. 16,1898..$74,920T own Notes—
I Sinking fund assets........... 25,066
4 * 2 8 , ........ , $5,000.
On demand Net debt Feb. 16,1898----- 49,853
4s & 4 12S,
42,000.
1901
I Tax valuation in 1897....... 954,212
4s, ........ , 2,500.Dec. 5,1898 I Tax rate (per $1,000) 1897.. 16-56
4s, ........ , 10,000 Nov. 1,1899 |Population in 1895 w as........ 1,704
4s, ........
4,000.Sep. 28,1899 I Population in 1890 w as........ 1,666
4s, ..........
6,000.Sep. 28,1904 |

H A M P D E N C O . — M. W ells B ridge , Treasurer.
County seat is Springfield.
$269,950LOANSWhen Due. Total debt Jan. 1, ’98.
Sinking fund, cash, etc
60,129*
Court H ouse Notes—
209,821
7s, ....,$ 5 0 ,0 0 0 .......... Jan. 1,1899 Net debt Jan. 1,1898.
($10,000 due y’rly) to Jan. 1,1903 Temp’y loan due Nov.,’ 98 100,000
Tax valuation in 1897.132,517,091
J ail & H. of Corr . B onds38, F&A, $200,000....Aug. 1,1905 Total tax (per $1,000), ’9 6..$12-00
Bonded debt Aug. 1, ’98... $260,000 Population in 1890 w as.. .135,713
Float, debt & notes Jan. 1,’98.9,950 Population in 1895 w a s ...152,721
INTEREST on the jail and house of correction b(jnds is payable a t
the Iirs t National Bank of Boston, Mass.; all other interest payable at
the Springfield Institute for Savings, Springfield, Mass.

t a t t tt*n *r t t t t
(JO H N A. GLINES, Treasurer.
\ A r t h u r e . l e a c h , Auditor.
This oity is in Essex County.
LOANS—
When Due..
LOANSWhen Due. I
Water L oan City B onds48, A&O, $65,000........Oct. 1,1899 4s, J&D, $300,000.......Deo. 1,1912
4s, A&O, 120,000....... Oct. 1,1900 4s, J&D, 500,000.......Deo. 1,1922
4s, A&O, 70,000....... Oct. 1,1901 4s, J&D, 50,000.......Deo. 1 ,1927
School B onds4s, A&O, 55,000....... Oct. 1,1903
4s, A&O, 90,000....... Oct. 1,1904 48, ........ $25,000.....................1908
4s, A&O, 50,000....... Oct. 1,1921 4s, A&O, 10,500 ....A p r . 1,1908
JOHN B. LOMBARD, Treasurer.
Street B onds4s, A&O, 6 0 ,0 0 0 ...... Oct. 1,1902
F R A M I N G H A M . — \FRANK E. HEMENWAY, Clerk.
4s, A&O, 110,000........ Oct. 1,1905 48. A&O, $22,000.......Apr. 1, 1908This town is in Middlesex County,
Sew er B onds—
4s, A&O, 2 5 ,0 0 0 ....Oct. 1,1922
LOANS—
When Due. Net debt Feb. 1 ,1 8 9 8 ... $195,500 4s, A&O, 2 5 ,0 0 0 ....Oct. 1,1923 4s^A&0, $2,000........ Apr. 1,1908
Tax valuation, real........ 6,665,350 4s, A&O, 6 5 ,0 0 0 ....Oct. 1,1906
Sew er B onds48, F&A, $140,000... .Aug. 1,1908 Tax valuation, personal.!,333,856 4s, M&S, 6 6 ,0 0 0 ....Mar. 1,1907
Total valuation 1897___7,999,206
Interest is payable in Boston.
INTEREST on the water bonds and on the $70,000, the $90,000 and
Bonded debt Feb. 1, ’9 8 .. $140,000 Total tax (per $1,000) ’97 $16-00 the $50,000 lots of the city bonds is payable at National Bank of Re­
Floating debt.................... 111,000 Population in 1896 was.........9,512 demption, Boston, and upon all other city bonds at Treasurer’s oflioe.
Total debt.................
251,000 Population in 1895 was.........9,498
T O T A L D EBT.—The following statement shows Haverhill’ s total
Sinking funds..................
55,500 Population in 1890 w as.........9,239 municipal
debt, the sinking funds held by the oity against the same,
the net debt, and the additional water debt, on each of the dates named;
F R A N K L I N C O . — E A . N e w c o m b , Treasurer.
Aug. 1,1898. Jan. 1,1898. Jan. 1,1897.
Bonded d eb t................................... $950,929
$927,429
$781,506County seat is Greenfield
Sinking funds.........................
305,317
299,418
232,175
State H ighw ay loan —
LOANSWhen Due.
. . . , .......,$ 2 6,5 7 3 .............................
J ail L oanNet debt..................................... $645,612
$628,011
$549,325
$59,073
4s, J&J, $25,500..........On demand Total debt Jan. 1,1898
$837,413
$733,935Tax valuation 1897....... 23,923,964 Net water debt (additional)........ $885,529
State Treasurer L oans—
9-57
3%s, J&J, $7,000.......Jan. 1,1900 Tax rate (per M.) ’ 97..
Additional temporary loans, in anticipation of taxes, authorized.
Population in 1896 (est)___ 40,149 Jan. 18,1898, to the amount of $100,000, and May 26,1898, $50,000.
(Subject to call.)
Population in 1890 was....... 38,610
ASSESSED VALUATION of the city and the tax rate have been
INTEREST on the jail loan is payable in Greenfield.
as follows in the years indicated. Assessment about % actual value.
Tax rate
T A X FREE .—AU bonds issued by this county are tax exempt.
-Assessment.—
Total.
per $1,000.
Personal.
Years.
Real.
$17-80'
$25,502,483
55,194,814
1898................ $20,307,669
G A R D N E R . — J. D . E dgill , Treasurer.
24,942,096
16-80
5,137,599
1897............... 19,804,497
16-80
21,228,671
4,561,414
1896............... 16,667,257
This town is in Worcester County.
20,793,004
164,734,556
1895............... 16,058,448
4s, J&J, $55,000.......1903 to 1924 Tax valuation in 1897.$5,023,759 1894............... 15,749,943
17- 80
4,686,362
20,436,305
Bonded debt Aug. 5, ’97.. $42,000 Tax rate (per $1,000) ’ 97.. ..$20-00 1890............... 13,139.666
17,870,772
1700
4,731,106
Demand loans................... 44,500 Population in 1895 w as.........9,183
PO
PU
LATIO
N
.—Population
in
1890
was
27,412;
in
1880,18,472
Time loans.............. ........ 101,000 Population in 1890 was.........8,423 in 1870,13,092; in 1895, 30,209; in 1897, 34,944.
Total debt Aug. 5 ,1 89 7 ... 187,500 Population in 1880 was.........4,988
On January 4, 1897, Haverhill annexed the town of Bradford and
INTEREST is payable at the First National Bank, Gardner, Mass.
assumed its indebtedness, which is as follows, and is inoluded in above
statement of “ Total Debt.”
LOANSWhen Due.
LOANS—
When Due.
/ —it n T T P 1 7 C T T 7 D
J F. E. DAVIS, Mayor.
L i L i U U U J i O i H iJrt.— ( EDWARD DOLLIVER, Treasurer.
B ridge bonds —
F unding B onds4s, J&J, $8,400......... July 1,1898 48, J&J, $12,000........Jan. 1 , 1899Gloucester is in Essex County.
($1,050 due yearly) to July 1,1905 ($3,000 due yearly) to Jan. 1,1902
LOANSWhen Due.
LOANS—
When Due.
Various notes..................... $5,429School H ouse B ondsCity and Municipal B ondsF ire E ngine-H ouse Notes—
48, A&O, $8,100.......Oct. 1,1898 Tot. bds.outst’d’g Jan.l ,’ 98 79,929
48, J&J, $136,000...July 1,1908 4s, M&S, $3,000..............1899-1901 ($2,700 due yearly) to Oct. 1,1900 Water debt (additional)... 121,0004s, J&J,
15,000....
1903
School-H ouse N otes—
4s, J&J, $14,000........ Jan. 1,1899 Net debt Jan. 1897........... 90,885
4s, J&D. 1 4,000.... 1899-1905
4s, M&S, $34,000............ 1899-1915 ($1,000 due yearly) to Jan. 1,1912 Tax valuation 1896........2,634,619
4s, M&N, 32,000.... 1899-1906
D rainage B ondsTax rate (per $ 1 ,0 0 0 )...... $19-76
Sew er B onds—
4s, J&J,
24,04 0 .... 1898-1907
48, &&0, $3,600..............1899-1907 4^8, J&J, $7,000...... July 1,1898 Population in 1895 w as........ 4,7354s, J&D, 3 4,000....D e c.l,’98-’07 Bonded debt Deo. 1,’ 97. $464,490
($500 due yearly) to July 1,1901 Population in 1890 w as........ 3,720
H ighw ay I mprov . B ondsSinking fund..................
167,972
I mprovement B onds—
48, J&J, $50,000.........July 1,1901 Net debt Dec. 1,1 89 7 ..
296,518 4s, J&J, $25,000........ Jan. 1,1903
4s. J&J, 50,000........ July 1,1902 Assessed val’ation.real.12,181,440 ($2,500 due yearly) to Jan. 1,1912
P olice and A rmory Notes—
Assessed val’ation,per’l 3,381,098
4s, J&J, $35,000.........Jan. 1,1899 Total valuation 1897.. 15,562,538
IMPROVEMENT LOAN NOTES—
Assessment about % actual value. H I N G H A M . — W illiam F earing 2 d, Treasurer.
This town is in Plymouth County.
4s, A&O, $13,950.........Oct. 1,1899 Tax rate (per $1,000) 1897. .$18*00
4s, J&D,
4,500............
1903
Population in 1890 was.......24,651
LOANS—
When Due. I E lectric L ight L oan,4s, J&J,
6,000............
1900
Population in 1895 was.......28,211
School L oan—
4 s, M&S, $18,000..................... 1906
IN TE R E ST on the oity bonds is payable at the First National Bank 3%s, M&N, $ 2 4 ,0 0 0 .... 1899-1904 |Total debt Feb.,15,1898 $46,000
($4,000 due yearly.)
|Tax valuation 1897.........4,023,616
o f B oston; on the city notes at City Treasury.




r

H A V E R H I L L .—

76

24

STATE AND CITY SUfftEMENT,

Assessment about 2g actual value. Population in 1895 was........ 4,819
T ax rate (per $1,000)’ 97.
19-10 Population In 1890 w a s..¿...4,564

H O L B R O O K . — G e o r g e T. W

This town Is in Norfolk County.
LOANSWhen Due.
Watek W orks —
4s, A&O, $30,000___ Apr. 1, 1907
4s, A&O, 30,000....... Apr. 1, 1912
4s, A&O, 40,000.......Apr. 1, 1917
4s, —---- , 35,000........July 1, 1922
Interest Is paid in Boston.

il d e ,

Treasurer.

Total debt Jan. 1 ,1 8 9 8 .. $155,905
32,475
Sinking fund assets........
Net debt Jan. 1,1898___ 123,430
Total value town prop’ty 177,251
Tax valuation in 1897.. .1,182,735
Tax rate (per $1,000) ’ 97
23-25
Population in 1895 w as.........2,298
Population in 1890 w as.........2,474

H O L L I S T O N . — J a m e s F . F i s k e , Town Treas.
This town is in Middlesex County
LOANS—
When Due.
War L oan—
Notes due 1898 to 1905.
$33,500
Total debt Feb. 1,1898.
33,500
Tax valuation 1 8 9 7 .... 1,536,159
u n r

Assessment about % actual value.
Total tax (per $1,000) ’97...$21-30
Population in 1895 was........ 2,718
Population in 1890 w as........2,616
Popula’n local census 1894..3,000

5 MICHAEL CONNORS, Mayor.
1
i PIERRE BONVOULOIR, City Treasurer.
This city is in Hampden County.
LOANS.— Interest.— ,
;------------ Principal.________,
NAME °R PURPOSE.
.Rate. Payable.
When Due.
Outstand’na.
Bridge bonds................ 1891 4g. M & S
Sept. 1, 1911
$85,000
. „
• --4 §2 i 4S- J & I>
June 1, 1914
105,000
^ttybonds....................1874 6
A & O Oct. 1, 1899
271,000
„
1894 4g. J & J
July 1, 1904
190,000
..
- ........... 4SA&O
Apr. 1, 1905
150,000
„
J896 4g. J & J
July 1, 1906
125,000
....................1897 4g. J & D
June 1, 1907
166,000
„ . , .
1898 4g. M & S
Sept. 1, 1908
90,000
School loan...................1895 4g. J & D
June 1, 1915
150,000
„
--Jg96 4g. J & J
July 1, 1916
100,000
................. 1897 4g. M & S
Mar. 1, 1917
109,000
Sewer bonds................. 1893 4g.
M & N May 1, 1913
50,000
„ % .
j.,.1893 4g.
A & O Oct. 1, 1913
100,000
J &J
July 1, 1900
250,000
Water loan................ .......... 6
n . .. ™ -v * ^v, -1897 4g.
J &J
Jan. 1, 1927
250,000
Holyoke &W estf.RR. (ref.) 4g. J & J
July 1, 1913
60 000
~,+
do 1890 4g. A & O
Oct. 1, 1910
166,000
City notes............................. Var. Various
1899
15,000
d0
.........................................
Feb.,
1899
100,000
INTEREST on the water bonds and on the city bonds due in 1899
is payable at the City Treas ary ; on all other bonds at the National Hide
& Leather Bank, Boston.
T O T A L DEBT, SINKING FUND, ETC.—The subjoined statement
«hows Holyoke’s total municipal debt and the sinking fund held bv the
«lty against the same on the dates named.
£ «P '-1 ’ ’ 98. Jan. 1 ,’98. Jan. 1, ’97. Jan. 1, ’96Total debt. . . . . . . . . . . . . $2,342,000 $2,482,000 $2,038,000 $1,859,000
Sinking fd. & RR. stk.
853,009
978,009
870,816
548)716

Vol. L X V II

T A \ X 7 "D T T M r'T T '
5 J- H. EATON, Mayor.
W n i l i N U J l — ( ARTHUR A. BAILEY, Treasurer.
This city is in Essex County.
LOANS—
When Due.
LOANS—
When D ue •
Water B onds—(Con.)
Cemetery B onds—
4s............ $12,500............1899-1903 6s, A&O, $ 1 00,000....Apr. 1,1906
Gale ’ s H ill Imp . N otes—
4s, J&J, 100,000___July 1,1923
4s. M. $15,00 >:...Nov. 1, ’98-1900 4s, A&O. 327,000 ...A p r. 1,1924
I (Subject to call after Apr., 1914.)
Municipal D ebt B onds—
6s, F&A, $3,000___ Feb. 1,1905 4s, A&O, 175,000___Oct. 1.1924
4s, J&J, 262,000......July 1,1924 (Subject to call after Oot. 1,1914.)
Public B uilding B ondsBonded debt May 1,’97.$1,874,500
327,349
48, ..........$52,000............1898-1905 Sinking funds, e tc........
Net debt May 1,1897... 1,547,151
Sew er B onds—
4s, J&J, $300,000.......July 1,1904 Water debt (included).. 902,000
4s, M&S, 42,000.......... 1899-1912 Assessed val’ ation,real.27,882,800
4s, J&D,
25.000.......... 1899-1903 Assessedval’ation.per’l 8,325,366
4s, J&D, 42,000........ 1898-1925 Total valuation 1897...36,208,166
75,000...........1899-1923
4 s ,.......
Assessment about full value.
Bridge B onds—
Tax rate (per $1,000) 1897.$15-60
4s, J&J, $65,000........July 1,1902 Population in 1890 was......44,654
Water B ondsPopulation in 1895 was......52,133
68, A&O, $200,000.... Apr. 1,1900
PAR VALUE OF BON DS.—The bonds are of various denomina­
tions.
INTEREST is paid at the Tremont Bank in Boston and by the City
Treasurer.
C IT Y P R O P E R T Y .—The city owns property valued at $2,138,783,
including $1,136,799 for water works.

L E O M I N S T E R . — C. A . J o s l i n , Treasurer.
This town is in Worcester County,
LOANS—
When Due.
Water W orks —
4*28, M&S, $20,000... Sept. 1,1900
..............., 21,000. . .
............
4s, M&N, 5 0 ,0 0 0 ... Nov. 1 7 ,1 9 0 0
4s. M&N, 4 0 ,0 0 0 ... May 1 7 ,1 9 0 0
4'S, J&D,
2 5 ,0 0 0 . ..June 1 ,1 9 0 0
4s, A&O, 1 0 3 ,0 0 0 ... Oct. 1 ,1 9 2 5
4s, ........ 20,000.........1899-1901*
($5,000 yearly on May 1.)
4s........... . 40,000.........Oot., 1926
Sew er L oans—
413s, M&N, $7,000...Nov. 1,1903
434s, J&D,
3,500.. .Dec. 1,1901
4s,
___,
6,000.........J___ 1904

LOANS—
When Due.
T own H all and School4328, J&J, $13,900.. .July 1,1918
............... ,
94,500..........................
4s.............
9 ,3 0 0 .................. 1914
Water debt........................ $319,000
Floating debt.................... 126,950
23,500
Sewer debt.......................
Town Hall & sch. h. debt. 117,700
Funds held in trust........
20,514
Total debt Jan. 1,1898..' 607,664
Tax valuation, real........ 5,368,657
Tax valuation, personal. 918,624
Tot’l valuation in 1897.-6,287,281
Total tax (per $1,000),’ 97 $21*50
4s,
.........
7 ,0 0 0 ...................1905 Population in 1895 w as........ 9,214
INTER EST on the water bonds is payable at the Boston Safe Deposit
& Trust Co. of Boston; on the 4 per cent general debt loan at Leominster; on all other loans at Boston.

G. 8 . HARRINGTON, Treasurer.
L. A . SAVILLE, Clerk.
This town is in Middlesex County.
LOANS—
When Due. . Trust funds, 6s........ .
$22,500
Net debt.............$1,488,991 $1,503.990 $1,167,184 $1,310,284
School H ouse Notes—
Bonded debt Jan. 1,1898. 252,000
Water debt,incl. above $500,000
$500,000
$250,000
$250 000 33gs, Var., $12,000......1899-1900 1 Floating debt.................... 35,000
($6,000 due yearly.)
Total debt Jan. 1 ,1 8 9 8 .. 287,000
C IT Y P R O P E R TY —Included in the city’s sinking fund as given
June 11,1899 Tax valuation, real....... 4,085,619
above for January 1 1898, is $226,500 Holyoke & Westfield RR. stock ...................$2,500..
W
ater Works B onds—
Tax valuation, personal 480,098
This railroad is leased to the New Haven & Northampton and has paid
, M&N, $190,000........1898-1916 Tax valuation 1897....... 4,565,717
■dividends since 1879. The value of all city property not including is($10,000
due yearly on Nov. 1.)
Assessment same as actual value.
water-works is estimated at $1,005,612. The water-works of the citv 4g, J&J, $8,000,
g...,July 1, ’ 99-06 Tax per $1,000 1897............ $15-00
«revalued a t $1,100,000.
J
($1,000 due yearly.)
Population in 1895 w as.........3,497
ASSESSED VALUATION—The city’ s assessed valuation and tax 4s,
,10,000 g........... 1898-1909 Population in 1890 w as.........3,197
rate have been as follows, real estate being taken “ at about 60 ner
Refunding W ater eent cash value.”
A
48, . . . . , $10,000 g ___Nov. 1.1917
-------- -— ;----Assessed Valuation.------------------ Hate o f Tax
_
Years—
Real
Personal
Total
ner SI 000
L I N C O L N . — C h a s . S. W h e e l e r , Treasurer.
1898..................$28,239,530
$7,637,010
$35,876,540
14-40
1897.................. 25,057,810
7,414,450
32,472,260
15-80
This is a town of Middlesex County.
1896.................. 21,908,720
7,648,505
29,557,225
16-40
LOANS—
When Due. Assessment about 23 actual value.
1895----------20,578,390 7,126,235
27,704,625
16-80
Water B ondsTotal tax (per $1,000) ’97...$12-50
1890.................. 16,914,870
5,158,955
22,073,825
18-00
48, . . . . , $17,000___Dec. 1, yearly. Population in 1895 w as......... 1,111
P O P U L A T I p N -m 1896 popuiation was 44,153; in 1890 it was Total debt Mar., 1898 ___$37,000 Population in 1890 was......... 987
35,528; m 1880 it was 21,915; in 1870 it was 10,733; in 1898 (accord­ Total valuation 1897......1,865,277 Population in 1880 w as........ 907
ing to local figures) it was 45,000.
IN TE R EST is payable at National Bank of Commonwealth, Boston
L. HEMENWAY, Treasurer
H O P K I N T O N , 5l GEORGE
WILLIAM E. POWER3, Clerk.
L O N G M E A D O W . - -This town is in Hampden County.
This town is in Middlesex County.
LOANS —
When Due. I Tax valuation, personal. $65,450
LOANS—
Amount. I Tax valuation in 1897..$1,815,590
W ater B onds —
I Total valuation 1897....... 620,470
J5^ter Works..................... $46,000 Tax rate (per $1,000) ’97
18-50
Jan.
1,1925 Assessment about 23 actual value.
4s,
J&J,
$30.000........
O tter debts........
.. 46,553 I Population in 1895 was........ 2/983
Total debt Aug. 1 ,1 89 7 .. 92,552 |Population in 1890 w a s ......4,088 Interest paid in Springfield, Mass. Total tax (per $1,000) ’ 97...$8-20
Total debt May, 1897....... $32.000 Population in 1895 w as............620
Tax valuation, real__ . . . 555,020 Population in 1885 was............677
H
U
D
S
O
N
__ i SAVILLIAN ARNOLD, Treasurer.
JTL U U O U 1 N .
/ D. W. STRATTON, Clerk.
BENNETT, Mayor.
This town is situated in Middlesex County.
L O W E L L _ U ! K £ F.
COBURN, Treasurer.
LOANSAmount. Net debt Jan. 1,1898___ $161,018
This
city
is
in
Middlesex
County.
Tow n N otes..................... $70,000 Tax valuation in 1897.. .2,908,750
Water N otes..................... 105,500 Total tax (per $1,000) ’97
LOANS—
When Due.
LOANS—
When Due.
19-75
Electric light n o te s ........
35,000 Population in 1895 w as........ 5,308
Miscellaneous —(Con.)—
Total debt J an. 1,1 89 8 .. 210,500 Population in 1890 w as........ 4,670 3%S, F&A, $36,000...1899 to 1904 4s, M&N, $22,000....1898 to 1901
($6,000 due yearly.)
Cash & uncollected taxes
49,452 Population in 1880 w as........ 3,739
($5,500 due yearly on Nov. 28.)
35ss, M&N, $2,500...May 22,1899 4s, M&N, #28,000....1899 to 1902
4s, F&A, $15,600...1899 to 1901
($7,000
due yearly on May 4.)
H Y D E P A R K . — J HENRY 8. BUNTON, Treasurer.
($2,600 yearly on Feb. 21.)
4s, J&D, $19,950.......1899 to 1903
I HENRY B. PERRY, Clerk.
4s,
J
&
J,
$52,500..
.1899
to
1905
($3,990
due
yearly on June 7.)
This town is in Norfolk County.
($7,500 yearly on Jan 4.)
332S, J&D, $30,600... 1899 to 1904
LOANSWhen Due.
4s, M&N, $10,100 ..1 8 9 8 to 1907
S ewer Loan($5,100 due yearly on June 29.)
T own B onds —
($1,010 yearly on Nov. 24.)
313s, A&O, $60,000...1899 to 1904
48, M&N, $145,000.........1899-1927
4s, M&N, $10,000...... Nov. 1, 1899
312s,........ , $25,000.-1899 to 1908
($10,000 due yearly on Oct. 19.)
($5,o0o annually on May 1.)
<$2,000 due yearly) to Nov. 1,1903 Total debt Oct. 10, ’98.. $i83,000
C. H. & M. B uilding—
4s,M&N,$80,000(reg.)1898 to 1905
T own Notes—
35ss,
J&D,
$1,000....................1899
($10,000
due yearly on Nov. 27.)
Tax valuation, real....... 9,022,025
4s, J&J, $1,000.......... July 1 1899 Tax valuation, personal 9 »4,590 4s, A&O, $9,000 ....1 8 9 9 to 1904 4s, M&N, $45,000.,.. 1898 to 1906
L ibrahy B onds —
($1,500
due
yearly.)
($5,000
due
yearly on Nov. 18.)
Total valuation 1898... 9,966,615
4s, M&N, $25,000. . May 1, 1899 Tax rate (per $1,000) 1898. $17-00 4s, A&O, $450,000___Oct. 1,1920
P ar k B onds—
($2,000 yearly) to May 1,1903 Population in 1895 was.......11,828
G rade Crossing—
313s, F&A, $70,210..Feb. 19,1904
($1,000 yearly) to May 1,1918 Population in 1890 was.......10,193 43ss, M&N, $20,000... .On demand
P ublic B uildings—
M iscellaneous—
4s, M&S, $4,000.......... Mar. 4,1899
414s, M&N, $93,000.-1898 to 1903 313s, A&O, $4,200....1899 to 1904
I P S W I C H . — T h o m a s E C o n d o n , Treasurer.
($15,500 due yearly on Nov. 1.)
($700 due yearly .»n Oot. 19.)
This town is in Essex County.
4s, J&D, $5,400........ Dec. 21,1898 4s,M&S,$15,200(reg.) 1899 to 1906
4s,
J&D, $44,000.......1898 to 1899
($1,900 due yearly on Sept. 19.)
LOANSWhen Due. Tax valuation, r e a l__ $2,294,021
($22,000 due yearly on Deo. 1.)
W ater B onds4s, J&D, $18,000....1899 to 1902
Tax valuation, person’l
758,504
48, J&J, $136,000.......July 1,1924 Total valuation 1897... 3,052,525 4s, J&J, $7,000..........1899 to 1900
($4,500 due yearly on June 3.)
($3,500 due yearly on July 16.)
Schools—
Bonded debt May 1, ’97..$136,000 Assessment about St actual value.
1899 to 1901
Floating debt.................... 16,000 Tax rate (per $1,000) ’ 97...$15-00 4s, M&N, $13,800 .. . 1898 to 1900 4s, J&J. $18,000.
($4,600 due vearly on Nov. 29.)
($6,000 due yearly on July 6.)
Total debt May 1 ,1 8 9 7 .. 152,000 Population in 1895 w as........ 4,720
Sinking fund.....................
3*528 Population in 1890 w a s ......4.439 4s, M&N. $50,000___1898 to 1902 4s, A&O, $5,700........ 1899 to 1901
($10,000 due yearly on Nov. 1.)
($1,900 due yearly on Oct. 19.)
N etdebtM ay 1 ,1 8 9 7 .... 148,472 Population in 1897 (about). .4,800
4s, M&S, $14,100.....1899 to 1901 4s, J&D, $14,000...... 1899: to 1902
IN TE R EST is payable in Boston at the Old Colony Trust Company.
($4,700 due yearly on Sept. 14.)
($3,500 due yearly on June 3.)




L E X IN G T O N .

October, 1898
„ LOANSWhen Due. I
LOANS—
When Due'
School —(Continued)—
Sew ers —(Con.)—
4s, F&A, $28,000.......1899 to 1902 I 33ss, M&N, $60,000.-1899 to 1906
($7,000 due yearly on Aug. 31.> | ($7,500 due yearly on May 5.)
4s, A&O, $150,000.. .April 1,1921 4s. W&V, $ 6 7 ,5 0 0 .... 1899 to 1907
4s, J & J, 2 0 0 ,0 0 0 ....July 1,1926
($7,500 due yearly on May 11.)
3*28, J&D, 15,000...1899 to 1904
Streets *“
<$2,500 due yearly on July 12.)
4s, F&A, $15,600.’. . . . 1899 to 1904
4s, . . . . $40,500 . 1899 to 1907
($4,506 due yearly on Feb 1.)
($4,500 du® yearly on Aug. 10.) 4s, J&J, $52,500........ 1899 to 1905
Sewers —
($7,500 due yearly on Jan. 4.)
4s, A&O, $20,000.......1899 to 1902 3«8S. M&N, *2,500 ..M ay 22,1899
($5,000 due yearly on Apr. 9.)
4s, M&N,$2 0,000(reg.) .1*99 to *06
4s, A&O, $56,000....... Oct. 2,1902
($2,506 due yearly on May 6.)
4s, A&O, 94.000...... Apr. 2,1903
Water W orks—
4s, J&J,
8,400...... 1899 to 1905 4s, M&S, $18,000.......1899 to 1901
($6,060 due yearly on Mar. 9.)
($1,200 due yearly on Jan. 4.)
3^8, M&N, $30,000..1899 to 1904 4s, J&D, $50,000.......1898 to 1902
($10,006 due yearly on Deo. 1.)
($5,000 due yearly on May 4.)
4s, F&A, $70,000.......1899 to 1905 4s, M&N, $75,000.Nov. 1, 1911
4s, M &N,1,000,000. Nov. 1, 1920
($10,000 due yearly on Aug 7.)
30,000.1899 to 1904
4s, M&N, $30,000....1899 to 1901 3^8, F&A,
($5,000 due yearly on Aug. 6.)
($10,000 due yearly on May 16.)
4s, J&D, $29,000.......1899 to 1903 4s, F&A, $60,000.......1899 to 1910
($5,006 due yearly on Aug. 7.)
($5,800 due yearly on June 17.)
4s, J&D, $73,200.......1898 to 1903 I 4s, M&N, $41,000 ...1898 to 1907
($12,200 due yearly on Dec. 3.)
($4,100 due yearly on Nov. 8.)
4s, M&N $15,000.... 1898 to 1907
($1,500 due yearly on Nov, 8.)
T O T A L DEBT, SINKING FUNDS, ETC.—
Jan. 1, ’96Jan. 1, ’98.
Jan. 1, ’ 97.
Total debt (incl. water debt)
$3,775,350
$3,820,340
$3,688,030
Sinking funds.............................
446,572
391,279
580,032

Net debt................................$3,328,778
$3,429,061
$3,107,998
Water debt (included above)__ $1,290,000
$1,275,000
$1,301,600
Water debt s. f.
do
. . . . $220,846
$196,691
$177,205
C IT Y P R O P E R T Y . —The city owns real estate and personal prop­
erty valued at $6,349,057 63.
ASSESSED V A L U A T IO N . —The city’ s assessed valuation (about
actual value) and tax rate in different years have been as follow s:
,---------------- Assessed Valuation---------------- , Bate o f Tax
Tears—
Beal Estate.
Personal.
Total, per $1,000.
$15,707,450
$70,386,170
$17 40
1897.................. $54,678,720
1896.................. 53,935,960
15,965,987
69,901,947
1500
1895.................. 52,257,400
16,524,642
68,782,042
18-00
1890.................. 45,316,150
17,037,462
62,353,612
17-00
1887.................. 41,322,794
15,426,459
56,749,253
1570
PO PU LATIO N .—In 1895 population was 84,359; in 1890 77,696.
r V M M
5WALTER L. RAMSDELL, Mayor.
J-. I IN IN .— ) WM. F. BRACKETT. Auditor.
This city is in Essex County. Lynn pays to the sinking fund yearly
an amount of money sufficient, with the accumulations of interest on
the sinking fund investments, to pay off the entire debt at maturity.
LOANS—
When Due.
LOANS —
When due.
Cemetery L andSewer L oan—(Con.)—
48, J&J, $25,000, r ___Jan. 1,1903 3%s, J&J, $10,000, r..J u ly 1,1904
E ngine H ouse—
Street I mprovement—
4s, J&J, $15,000, r ___July 1,1901 4s, A&O, $30,000......Apr. 1,1902
4s, A&O, 10,000, r....A p r. 1,1902 4s, J&J, 50,000, r..Jan. 1,1903
6s, J&J, 5,000, r ___ Jan. 1,1964 4s, A&O,
5,000, r..O ct. 1,1903
F ire A pparatus L oan4s, J&J, 30,000, r..Jan. 1,1904
48, J&J, $11,000, r ___July 1,1900 4s, J&J, 25,006, r..Jan. 1,1904
M unicipal L oan4s,*A&0,' 125,000, r..A pr. 1,1920
48, J&J, $101,000, r .. Jan. 1,1903 4s,*A&O, 25,000, r..O ct. 1,1921
4s, J&J, 58,000........ Jan. 1,1904
Sinking F und L oan4s, J&J, 60,000..........July 1, 1907 48, A&O, $54,000.......Apr. 1,1906
P ark L oan*—
Water L oan4s, A&O,$12,000,r...O ct. 1,1902 58, J&J, $50,000, c..Jan. 1,1899
4s, J&J,
5,006,r...J a n . 1,1903 5s, J&J, 50,666, c..Jan. 1,1900
4s, J&J, 30,000, C . .July 1, 1919 5s, J&J, 50,666, o..Jan. 1,1901
4s, A&O, 6,000,r...O ct. 1,1919 5s, J&J, 206,666,c&rJan. 1,1905
4s, A&O, 20,000,r...A p r. 1,1920 4s, A&O, 10,000, r. .Apr. 1,1900
4s, A&O, 5,000,r...O ct. 1,1920 4s, M&S,
8,000, r..Mar. 1,1903
P olice Station L oan4s, J&J, 150,000,c&rJan. 1,1905
48, J&J, $46,000,r ....J u ly 1,1899 4s, M&N, 20,000, r . .Nov. 1,1913
4s, J&J, 8,666, r ___July 1,1900 4s, M&S, 56,066, r..Mar. 1,1914
School H ouse L oan4s, J&D, 20,000, r..D ec. 1,1914
48, A&O, $11,000, r...A pr. 1,1899 4s, M&S, 10,000, r..Sept. 1,1916
4s, A&O, 4,666, r__ Apr. 1,1900 4s, A&O,
9,000, r..O ct. 1,1916
4s, A&O, 30,000, r...Oct. 1, 1900 4s, J&J,
7,500,r..J u ly 1,1917
4s, A&O, 55,000, r ___Apr. 1,1901 4s, F&A,
5,000, r..A ug. 1, 1917
4s, A&O, 30,000, r ___Oct. 1,1901 4s, A&O,
2,000, r..O ct. 1,1917
48, A&O, 20,000, r ___Apr. 1, 1902 4s, M&N,
6,500, r. .NoV 1,1917
4s, J&J, 28,000, r ___July 1,1902 4s, A&O, 15,000, r. .Apr. 1,1918
4s, J&J, 6,000,r....J a n . 1,1963 4s, J&D, 10,000, r..J u n e l, 1918
4s, J&J, 10,000, r ___July 1,1903 4s, J&J, 85,600, c&r.July 1,1918
4s, J&J, 5,000, r ___Jan. 1,1904 4s, A&O, 100,000, c&r.Apr. 1,1919
4s, A&O, 10,200, r....O ct. 1,1904 4s, J&J, 75,000, r..J u ly 1,1919
4s,*A&O, 60,000, r __ Apr. 1,1909 4s, J&J, 35,000, r..Jan. 1,1920
4s,*A&0, 50,000, r ___Oct. 1,1910 4s, A&O, 150,006, r..A pr. 1,1926
4s,*A&0,l40,000, o&r.Apr. 1,1911 4s, A&O, ‘ 50,000, r..A pr. 1,1921
Sew er L oan4s, A&O, 25,000, r..Oot. 1,1921
48, J&J, $10,000, r...Jan. 1,1903 4s, J&J,
50,000, r..Jan. 1,1922
4s, J&J, 25,660, r...Jan. 1,1914 4s, J&J,
25,000, r .. July 1,1922
4s, J&J, 30,000, r...July 1,1904 4s, A&O, 40,000, r..A pr. 1,1923
4s, M&S, 25,000, r...Sept. 1,1905 4s, J&J, 16 5 ,0 0 0 ....July 1, 1925
4s, J&J, 100,000, r...July 1,1906 4s, J&J,
50,000__ July 1, 192a
4s, M&N, 20,000, r .. .Nov. 1,1906 4s, J&J,
25,000, r July 1 , 1927
4s, M&S, 10,000, r ... Sept. 1,1907 3%s, M&N, 7,300, r..M ay 1,1904
4s, M&N, 10,000,r...N ov, 1,1907 3^s, M&N, 31,000, r..N ov. 1,1913
4s, F&A, 10,000, r...A ug. 1,196$ 3%s, J&D, 6,000, r..D eo. 1,1915
4s, M&S, 10,000, r .. .Sept. 1,1908 3*28, M&N, 66,500, r..M ay 1,1905
4s, M&N, 10,000, r...N ov. 1,1908 312s, J&D, 5,000, r..D eo. 1,1905
4s, J&J, 10,000, r...Jan. 1,1909 3*28, A&O, 2,000, r..A pr. 1,1916
4s,*A&O, 100,000, r... Apr. 1,1909 3*28, M&N, 24,500, r..M ay 1,1916
4s, J&J, 35,000, r...July 1,1910 3^8, J&D, 3,500, r..June 1,1917
4s, A&O, 10,000,r...O ct. 1,1910 3*28, F&A, 6,500, r. .Feb. 1,1917
4s, J&J, 10,000, r...Jan. 1,1911 4s, ........ . 2 5 ,0 0 0 ....July 1,1918
4s, A&O, 50,006, r,..Apr. 1,1911
Miscellaneous B onds—
4s, J&J, 35,000, r...July 1,1911 |4s, Var., $35,800, r. .1902 to 1904
4s, A&O, 20,006, r...Apr. 1,1912 4s, A&O,
56,000......Oct. 1,1907
4s, J&J, 20,000, r...July 1,1912
Temporary loan due November,
4s, J&J, 50,000, r...Jan. 1,1913 I 1898, $200,000.
4s, A &O, 40,000, r ...... Apr., 1916 | Tern, loan due Mar., ’ 98..$107,000
(c) coupon, (r) registered.

* The loans marked thus (*) in the above table are authorized by
special acts o f Legislature in excess of the city’ s legal debt limit. The
total amount o f outstanding bonds thus authorized is $685,000.
PAR VALU E OF BON DS.—The bonds are $500 to $2,500 each.
IN TE RE ST—W H E R E PAYA BLE. —Coupons are payable at the
Bank of the Republic, Boston, or at the City Treasurer’s office, Lynn;
other interest Is payable by City Treasurer only.
T O T A L DEBT, E T C .—The total debt on Dec. 20,1 8 97 , was $4,465,
450. The subjoined statement shows Lynn’s total municipal debt, the
sinking fund held by the oity against the same, the water debt, and the
city’s floating debt, on each of the dates indicated.




25

*

Dee. 20, ’97.
Funded debt (excl. of water)..... $2,232,150
Sinking funds................................
448,176

May, 1897.
$2,539,050
415,279

Mav, 1896.
$2,198,050
294,327

Net debt............................- ............$1,783,974 $2,123,771 $1,903,723
1,725,300
1,775,300
Water debt (additional)............... 1,860,300
239,276
300,421
Water works sinking fund..........
367,360
1,436,024
1,474,879
Net water debt.............................. 1,432,946
3,339,747
3,598,650
Total net municipal debt............. 3,216,914
The funded debt as given above for Dec., 1897 includes loans to the
amountof $685,000 in excess of debt limit and issued under author­
ity of special acts of Legislature. Temporary loans amounting to
$433,000 are not included in totals.
C IT Y P R O P ER TY AND W A T E R W O R K S.—The city property
consisting of real estate, school buildings and public parks, amounts
to $1,777,625. Total cost of water works to Jan. 1,1893, $2,363,767.
ASSESSED V A L U A T IO N . —Assessed valuation and tax rate, real
estate being taken “ at about three-fourth cash value,” have b een : *
,---------------- Assessed Valuation---------------->Bale o f Tax
Tears—
Beal
Personal
Total, per $1,000.
1897.................. $41,157,046
$9,724,857
$50,881,903
$17*40
10,441,874
39,256,182
49,698,056
1*7-20
1895....................
1890..................... 29,390,332
11,340,046
40,730,378
15-00
1880....................
17,913,543
5,470,192
23,383,735
17*60
1870..................... 14,277,212
6,649,903
20,927,115
17*20
P O P U L AT IO N .—In 1895, 62,355; in 1890, 55,727; in 1880, 38,274.

1\/T A T T 'l’C TVT
) JOHN E. FARNHAM, Mayor.
l V l / A J - . U I l . l N . — ) HENRY A. WILDER. Auditor.
This oity is in Middlesex County, m d was Incorporated Jan. 2,1882
LOANS—
When Due.
LO AN S—
When Due>
B rick Sidewalks —
Sewerage —(Con.)—
4s, M&S, $4,000... .Mar. 15,1899 4s, M&N, $200,000....May 2 ,1924
($1,000 due yearly) to Mar. 15,1902 4s, M&N, 150,000....May 2,1925
4s, M&S, $6,000....... M ar.15,1899 4 s ,........ 100,000....May 2,1926
($1,000 due yearly to Mar.15,1904 4s ........
1,0 00 ....Aug. 1, 1899
4s, J&D, $5,600........ June 1,1899
D rainage B onds—
($800 due yearly) to June 1, 1905. 4s, . . , $1,500..........Nov. 1,1898
4s, J&J, $8,001..........July l, 1899 4s, J&J, 4.000..June, 1899-1900
($1,000 due yearly) to July 1,1906
P aving B onds4s......... $9,000 .........July 1,1899 48, ........ $4,000...........4ug. 1, 1899
($1,006 annually) to July 1. 1907. ($1,006 due y’rly) to Aug. 1,1902.
4s, J&J, $5,000............... 1899-1903
A lmshouse B onds—
F ire D epartment—
4 s ,....... $1,000............July 1,1899
4s, M&N, $2,000....... May 1,1899
Street L oans—
($1,000 due yearly) to May 1,1900 4s, A&O, $ 3 ,5 0 0 ......Apr. 1,1899
4s, M&N, $1,800....... N ov.l, 1898 4s, M&N, $6,000........M ar.15,1899
($300 due yearly) to Nov. 1,1903 ($1,000 due yearly) to M ar.15,1964
4s, A&O, .$10,200......Apr. 1,1899 4s, M&N, $4,806..... Nov. 2,1898
($600 due yearly) to Apr. 1.1915 ($1,200 due yearly) to Nov. 2.1961
4s,
$1,250............ July 1, 1899 4s, J&D, $14,000......June 1, 1899
P ublic P arks —
($2,060 due yearly) to Juue 1,1905
4s, J&J, $80,000........July 3,1944 4s, J&D, $2,000..... Dec. 2. 1898
4s, . . . . . 10,000.........July 3,1945 ($i,090 due yearly) to Dec. 2,1899
4s, J&J, 10,000........July 3, 1947 4s, J&J, $16.000..... July 1, 1899
School H ouse L oans—
($2,000 due yearly) to J uly 1, 1906
4s, M&N, 3,200........May 15,1899 4s, J&J, $3,000...... July 1,1899
($1,600 due yearly) to May 15,1900 ($1,006 due yearly) to July 1,1901
4s, M&N, $5,400..... Nov. 1,1898 4s. J&J, $4,000...... July 1,1898
($1,800 due yearly) to Nov. 1,1906 ($1,000 due yearly) to July 1,1901
4s, J&J, $20,000.......July 15,1899 4 s ,........ $9,000.........July 1,1899
($5,000 due y’rly) to July 15,1902 ($1,000 annually) to July 1,1907.
4s, A&O, $4,000 ....A p r. 1, 1899 4s......... $4 ,00 0 ....... Aug. 1,1899
3%s, M&S, $22,000. Mar. 1,1899 ($1,000 annually) to Aug. 1,1902.
($5,500 due y ’rly) to Mar. 1,1902 4 s , ......., $5,500......... Nov. 1, H 98
48, M&N, $ 8 5 ,0 0 0 ....Nov. 1, 1898 ($1,000 due y ’rly) to Nov. 1,1903.
($5,000 due yearly) to Nov. 1,1914 4s, J&J, $10,000...... ...1899-1908
Water Construction—
4s, J&J, $29,750.....July 1. 1899
($1,750 due yearly) to July 1,1915 4s, J&J, $15,000...... Jan. 1,1901
4i, J&J, $4,40 0 ....July 1,1899 4s, J&J,
1 0 ,0 0 0 ..... July 1,1901
($700 due yearly) to July 1,1905 4s, J&J,
95,000...... July 1, 1907
4s, J&D, $31,556__ June 1, 1899 4s, J&J, 100,000...... July 1,1908
($1,850 due yearly) to June 1,1915' 4s, J&J, 120,000.......July 1,1910
4s, F&A, $55,000.......1898 to 1917 4s, J&J, 30,000.......July 1, 1912
48......... .
4 ,000___ Apr. 1,1899 4s„ J&J, 68,000.......July 1, 1913
($1,000 annually) to Apr. 1,1902. 4s, J&J, 42,000...... Jan. 1, 1914
4s.......... $8,000...........Aug. 1,1899 4s, J&J,
10.000...... Jan. 1,1915
($1,000 annually) to Aug. 1,1906. 4s, J&J,
19,000......Jan. 1.1916
4s, A&O, $5,000........ 1899 to 1903 4s, J&J,
15,000...... July 1,1916
Sewerage —
3^8, J&J, 25,000.......July 1,1905
4s, M&N, $50,000...... May 2,1922 4 8 ,........ , 12,500........Apr. 1,1899
4s, M&N, 100,000.......May 2,1923 4 s ,........... 10,000...... Dec. 1,1899
INTEREST is payable at theNat. Bank of Redemption of Boston.
T O T A L DEBT, SINKING FUNDS, Etc —
Jnne 22, 1898. -an. 1,1898. Jan., 1897. Jan., 1896.
Total debt................... $1,709,000 $1,733,400 $1,626,000 $1,563,100
Sinking fund, etc.......
178,053
201,659
130,316
159,081
Net debt............... $1,530,947 $1,531,741 $1,495,684 $1,404,019
Water debt (includ’d) $571,500
$581,000
$549,000
$580,000
Water sinking fund .. $108,675
$121,275
$77,330
$95,677
C ITY P R O P E R T Y .—The city owns property valued at $1,354,959
not including the water works, which cost $977,013.
ASSESSED VALU ATIO N .—Beal estate is assessed at about 75%

of its value:

,---------------- Assessed Valuation---------------- . Bate o f Tax
Years—
Beal.
Personal.
Total.
per $1,000.
$2,959,520
$25,385,520
$16*30
1897.................. $22,426,000
1896................ 21,299,200
2,500,360
23,799,560
16-00
1895................ 20,475,500
2,596,440
23,071,940
15*70
1890................ 15,167,000
2,090,475
17,257,475
15*10
P O P U L A T IO N . —In 1895 population was 29,706; in 1890 it was
23,031; in i880 it was 12,017. Present population (estimated), 31,914.

M A N C H E S T E R . — E d w in P. St a n l e y , Treas.
This town is in Essex County.
LOANS —
When Due.
P a rk B onds—
3^8 .......... $100,000...1899-1908
W ater Bonds48, M&N, $114,000.Nov. 1,»98 to ’16
($6,006 due yearly.)
Bonded debt, Feb. 1, ’ 98 $126,000

Tax valuation, real.......$3,984,604
Tax valuation, personal 3,560,017
Total valuation, 1898... 7,544,621
Tax rate (per M .)’97,...
$8*20
Assessment is about actual value.
Population in 1890 w as....... 1,876

M A R B L E H E A D . — W illiam G il l e y , Treas.

This town is in Essex County.
LOANS —
When Due.
LOANS—
When Due.
E lectric-Light B onds—
Town N otes—(Con.)
4s, J&J, $50,000.......July 1,1924
4s, J&D, $2,000...........Dec. 1,1898
R efunding B ondsW ater B onds48, A&O, $37,000.........1899-1906 48, M&N, $64,000...Nov. 1, '98 ’ 18
($5,000 due yearly on Oct. 1.)
4s, M&N, 26,000. ..M ay 1, ’ 98-’ 19
T own N otes—
4s, J&J, 28,500. Jan. 1, ’99 to *20
4s, J&D, $8,000........June 1,1899 4s, J&J, 58,000. July 1,’9S to ’21
($4,000due yearly) to Juue 1,1900 4s, J&D, 38,000.Deo. 1, ’98 to ’ 21

26

STATE AND CITY S U fftE M E N T ,

Vol. L XV II

INTEREST on the electric-light and water-works bonds is payable
„L O A N S —
When Due. Water debt, included.. . . $257,000
at Boston; on the refunding bonds at Boston and Marblehead; on
W ater W orks —(Con.)
Sewer debt, included___ 350,000
town notes at Marblehead.
4s, J&J,
$20,000..... 1899 to 1900 Total value town prop’ty. 564,939
($10,000 due yearly.)
BONDED, DEBT on March 1, 1898, was $306,500; water debt
Tax valuation, real.......11,450,600
25,000..... May 1,1912 Tax valuation, personal. 758,215
(included), $214,500; floating debt, $19,500; total debt, $326,000; 48, M&N,
Binking fund, $ 2,000.
4s, M&S,
37,000....Sept. 1,1912 Tax valuation 1897... 12,208,815
f s ........... 50,000......... Oot. 1,1913 Total tax (per 1,000) 1897..$15-60
T A X VALUATION (about the same as actual value) has been:
4s,
28,000.....July 1,1925 Assessment same as actual value.
---------------- Assessed Valuation--------------- , Rate o f Tax Total debt Jan. 1,1898. $942,400 Population in 1880 was.........4,560
_
Years—
Real.
Personal.
Total.
p er $1,000 Total assets..................... 157,178 Population in 1890 was.........8,519
.................. $4,793,650
$761,775
$5,555,425
$16-80
Net debt Jan. 1,1898
785,222 Population in 1897 (est.).. 12,520
1896.....................
4,735,600
800,068
5,535,668
20*20
IN T E R E S T is payable at the Everett National Bank and the City
1895'...................
4,642,200
823,905
5,466,105
17-70
.National Bank of Boston and the Melrose National Bank of Melrose.
1891.....................
4,213,800
832,032
5,045,832
21-40
POPULATION in 1895 was 7,664; in 1890 was 8,202.
M E T H U E N . — J oseph S. H owe, Town Clerk.
This town is in Essex County.
M A R L R O R O T T fT T T
5 e u g e n e g . h o i t t , Mayor.
l Y i A r u _ , D U n U u u n . — iG . S. HASKELL. Auditor.
When Due.
„ LO ANSB ridge N otes—
Water B onds1 TD1®^place is in Middlesex County; incorporated as a city on January
4s, F&A, $4,500.................... 1908
48, M&N, $100,000__ M a y l, 1924 Bonded debt Aug. 10,’98. $196,000
4s, F&A,
50,000......... 1904-1924 Floating debt....................
LOANSWhen Due.
68,750
Water B onds—
25,000___Oct. 1,1925 Total debt......................... 264,750
City Notes—
4s, J&J, $50,000..........July 1,1900 4s, A&O,
4s, A&O, $6,000........ Oct. 1,1899 4s, M&N, 20,000.......... May 1,1904 4s- ........ 5 21,000.. ..F e b .l, 1928 Sinking fund....................
9,000
T own N otes—
($2,000 due yearly) to Oct. 1,1901 4s, M&S, 125,000___ Sept. 1,1912
Net debt Aug. 10,1898.. 255,750
........ , $11,950.On demand.
T own Notes—
Tax valuation, real........ 3,186,660
4s, M&S,
75,000.....Sept. 1,1913
8,000.Deo. 1,1903 Tax valuation, persona!. 918,048
4*as, A&O, $20,000.Apr. 1,1899 4s, M&S,
30,000.....SeDt. 1,1921 4*28, J&D,
G eneral L oan—A&B&D—
4s, P&A, 150,000....... Aug. 1,1922 4s, M&N, 5,500. June 1,1899 Total valuation 1898.......4,104,108
4s, J&D, $50,000....... June 1,1915 4s, M&S,
80,000.....Sept. 1,1924 4s, M&N, 7 ,5 0 0 ..May 29,1900 Assessment about % actual value.
J&J, 6,000.. July 15,1902 Total tax (per $1,000) ’98..$16-80
4s, M&S, 15,000....... Sept. 1,1905 4s, J&J,
24,000__.July 1,1926 4s,
J&J,
9,000... July 1,1905 Population in 1895 w as.........5,690
4s, M&N, 1,000....... May 1,1899 Total debt Aug. 1, 1898. $974,056 4s,
School H ouse Notes —
4s, M&N, 1,000....... May 1,1900 Sinking funds.................. 213,422
Population in 1890 was........ 4,814
4s, M&N, 2,000....... May 1,1901 Net debt Aug. 1 ,1 8 9 8 ... 760,634 4s, F&A, $18,800........ 1906-1908 Population in 1897 (est.).. ...6,400
Sew er B onds 1891—
Water debt (included). , . 548,000
IN T E R E S T on the bonds Is payable at the National Bank o f R e­
4s, A&O, $125,000... .Apr. 1,1911 Tax valuation, real........7,803,397 demption, Boston; on the town notes, at the Treasurer’s office.
4s, J&J, 100,000.... July 1,1911 Tax valuation, personal..l,171,851
4s, M&S, 2 2 ,0 0 0 ....Sept. 1,1914 Total valuation 1898___8,975,248
4s, J&J, 2 0 ,00 0 ....July 1,1818 Tax rate (per $1,000) ’98...$19-00 M I D D L E B O R O U G H . — A. H . E aton , Treas,
School Notes—
Total valuation 1894 . ..8,310,714
town is in Plymouth County. The town of Middleborough and
4s, J&J, $62,000.......1899 to 1917 Assessment is 7-10 actual value.
($3,000 annually 1898 to 1912, and Population in 1895 w as___ 14,980 the Fire District of Middleboro are distinct organizations.
_
LO
AN S —
When Due.
Railroad L oan$4,000 annually 1913 to 1917.)
Population in 1890 w as___ 13,805
I mprovement B onds—
48, M&N, $20,000.......Nov. 1,1918
4s, . . . . , $ 3 ,0 0 0 ....Aug., 1899-’01 Population in 1870 w as___ 8,474
4*48,
J&J,
$5,200....July
25,1899
($5,000 due yearly) to Nov. 1,1921
ivnui L/iuionriH
Stone
Crusher n
Nuild
otes—
4*48, J&D, 5,055...Deo. 18,1900
Water B onds (Fire D istrict )—
4s, . . . . , $2 ,00 0 .... Aug. 1, 1902
L ight B onds4s, M&N, $69,000__ 1895 to 1923
INTEREST on bonds is payable at the Winthrop Nat. Bank, Boston. 48.........$71,000..Nov. 1, ’98-1923
Int. paid by Middleboro Sav. Bank.
4,500..Nov. 1, ’98-1906 Population in 1896 (est.)....... 7,000
W A T E R W O R K S are self-supporting and the value of the city 4s, . . . . ,
. . . . , ... . , 10,000.......Nov., ’04-’05 Population in 1895 was......... 6,692
property is $1,280,66495.
Sewer L oanPopulation in 1890 was......... 6,065
48, M&N, $5,000.......Nov. 1,1901
M A R S H F I E L D . — G eo. H . W eatherbee , Clerk. 48, M&N, 25,000.......Nov. 1, 1907
($5,000 due yearly) to Nov. 1,1911 .
This town is in Plymouth County. Bonds are tax exempt.
T O T A L DEBT, ETC.— Total debt of the town March, 1898, was
LO A N S —
When Due. Tax valuation, real.......$1,188,385
R ailroads , &c.—
Tax valuation, personal
147,515 <pi7«7)4o5t
The
Fire District on Jan. 1,1895, owed $72,000 on account o f water
4s, F&A, $ 5 5 ,0 0 0 ....Feb. 12,1901 Total valuation 1897... 1,335,900
Total debt Jan., 1898___ $55,000 Tax rate (per $1,000) ’97...$17-50 works; sinking fund, $2,072.
Sinking fund....................
23,085 Assess’t is about actual value.
ASSESSED VALU ATIO N , Et c .—In 1898 the assessed valuation of
Met debt Jan., 1 8 9 8 ......
31,915 Population in 1895 was........ 1,762 real estate was $3,321,673; personal property, $466,435; total, $3,IN T E R E ST is payable by the Cambridge Savings Bank.

M A Y N A R D . — W . H . G utteridge , Treasurer.

788,108; total tax rate (per $1,000) $19-00.

Valuation of Fire District in 1894: Real estate, $2,226,899; personal
?oooerty’ ^
’^ ’ total, $2,581,394; tax rate, $1-65 per $1,000 in
1898.

This town is in Middlesex County.

LO AN SWhen Due.
W ater B onds.
4s, J&J, $125,000.... Jan. 1, 1919
Interest is payable in Boston.
Net debt Jan. 1,1898__ $126,570
Tax valuation, real........1,520,436

Tax valuation, personal. $652,104
Total valuation 1897....... 2,172,540
Tot.tax (per $1,000) 1897
13-00
Population 1895 was___
3,090
2,700
Population 1890 was___

A /T F T Y T T O R T T
5 L. H. LOVERING, Mayor.
v a l o u r L J - r t i J .— ¿PARK ER R. LITCHFIELD. Treasurer.
Medford Is in Middlesex County.
LOANS—
When Due. I M unicipal L oan B onds—
B oni>8 I 4s, M&N, $200,000...May 1,1917
f?» T stii
.......... July 1» 1904 I 4s, J&J, 100,000. ...Jan . 1,1918
4s. J&D, 14,0u0.......... Dec. 1,1914 | Water -Works B onds—
P ublic B uilding B onds4s, J&J, $75,000.......July 1,1900
48, J&J, $45,000....... July 1,1913 4s, J&J, 125,000...... July 1,1910
4s, M&N, 56,000....... Nov. 1,1914 4s, J&J, 100,000............ 1899-1923
4s, J&J,
6,000....... July 1,1899
($4,000 due yearly on Jan. 1.)
4s, J&D, 18,000........... 1901-1903 4s, A&O, $25,000..... Oct. 1, 1914
($6,000 due yearly n July 1.)
4s, A&O, 25,000..... Oct. 1,1919
4s, J&J, $4,000......... July 1,1904 48, J&D, 45,000......Dec. 1,1922
4s, J&J, 4,000......... July 1,1907 4s, J&J,
6,000......July 1,1916
4s, J&J, 21,000......... July 1,1908 4s, J&J, 6 ,0 0 0 ..... July 1,1917
4s, J&J, 26,000......... July 1,1909 4s, J&J, 11,000..... July 1,1918
4s, J&J, 26,000......... July 1,1911 4s, J&J, 15,000..... July 1,1920
4s, J&J, 26,000..........July 1,1912 4s, J&J, 15,000......July 1.1921
4s, J&J, 18,000..........July 1,1915 4s, J&J, 36,000......July 1,1923
Sew er B onds4s, M&N, 16,000..... May 1,1923
48, J&J, $20,000 .......July 1,1905 Bonded debt Jan. 1,’ 98.$1,321,000
4s, A&O, 10,000.......Oct. 1, 1905 Sinking funds...............
208,004
4s, J&J, 12,000........July 1,1906 Water debt (in eluded)..
500,000
4s, A&O, 10,000.......Oct. 1,1906
Permanent debt (add’l).
14,609
4s, J&J, 12,000....... July 1,1907 Perpetual care fund (ad­
4s, J&J, 10,000....... July 1,1915
ditional) ......................
19,020
4s, A&O, 10,000....... Oct. 1, 1915
Unfunded debt.......... ..
16,600
4s, F&A, 80,000........... 1916-1919 Notes..............................
112,666
($20,000 due yearly on Aug. 1.)
Tax valuation, real...... 16,166,050
4s, F&A, $75,000..........1920-1922 Tax valuation, person’! 2,182,450
($25,O0O due yearly on Aug 1.)
Total valuation 1897.. .18,348,500
4s, F&A, $30,000...... Aug, 1,1923
(Property assessed at about mar­
4s, J &J, 10,000...... July 1,1924 ket value.)
4s, A&O, 10,000......Oct. 1,1924 Tax rate (per $1,000) ’ 97. ..$17-00
4s, J&J, 20,000...... July 1,1925 Population in 1890 was___11,079
48, J&J, 41,000...... July 1,1926 Population in 1897 was___15,601
The Municipal Loan bonds were issued to take up the unfunded debt
as it matures.
There is also a fund known as the Bradbury Fund, amounting to
$11,252. This is invested in the Medford Savings Bank and is not
included in estimating the city’s indebtedness.
INTEREST on bonds is paid at the Howard National Bank o f Bos­
ton. All notes and interest on same are paid by City Treasury.

MFT R D C 1 1 7
SEDWIN C. GOULD, Auditor.
D a n . J_,XTLJ£>H j.— \GEORGE NEWHALL, Treasurer.
This town is in Middlesex County.
LO A N S —
When Due.
School B onds—
Sew er B onds— *
4s, F&A, $ 1 5 0 ,0 0 0 ... Feb. 2 4 .1 9 1 6
4s, J&D, $1 00,0 00.. .June 1 ,1 9 2 4 4s, F&A,
5 0 ,0 0 0 . ..Feb. 24 1917
4s, J&D, 1 0 0 ,0 0 0 . . .June 1 ,1 9 2 5
T own H all (renewal)— *
4s, J&J,
5 0 ,0 0 0 ... June 1 ,1 9 2 6 4s, M&S, $45.000 ........Sept. 1 . 1912
4s, J&D,
25,006... June 1 ,1 9 0 7
Wa t e r w o r k s —
4s, J&D,
2 5 ,0 0 0 . ..June 1 ,1 9 1 2 4s, M&N, $ 3 7,00 0 ___ Nov. 1.1 9 0 5
4s, J&D,
5 0 ,0 0 0 ... June 1 ,1 9 1 7 4s, M&N, 50 ,000 .......May 1 ,1 9 0 7




M I D D L E S E X C O . — L evi S. G ould, Chairman
Board Commissioners ; J. 0 . H a y d e n , Treasurer.

County seats are Lowell and Cambridge.
LOANS—
When Due.
Court H ouse Bonds—1895—
B uilding Bonds—
4s, J&D, $100,000 ...1923 to 1932
4s, J&D, $90,000.......Deo. 1,1898
($10,000 yearly on Dec. 1.)
($10,000 due yearly to Deo. 1, ’06.) 4s, J&D, $80,000............ 1898-1905
4 s ,......., $170,000........ 1907-1924
($10,006 due yeariy on Deo. 1.)
4s, J &D, 80,000... .1898 to 1905 Notes........ $110,000___ 1898-1902
($10,000 yearly on Dec. 1.)
Total debt Jan. 1,1898..$790,000
3 * 2 8 , ........... , $30,000....... 1898-1902
Tax valuation 1897...478,402,809
($6,000 yearly on Deo. 1.)
County tax (per $1,000)........ $0-81
4s, J&D, $200,000___Deo. 1,1906 Population in 1895 w a s...499,248
$26,000 due yearly) to Deo. 1, ’ 15. Population in 1890w a s ...431,167
( INTEREST on the building and Improvement notes is payable at
the office of the County Treasurer; on the Court House bonds by the
Beacon Trust Company, Boston.

M I L F O R D . — Clifford A . Cook, Treasurer.
This city is in Worcester Co. Property assessed about actual value.
LOANS—
When Due. Bonded debt Feb. 1, *98.. $71,209
R efunding (gold notes)—
Tax valuation, real........ 4 ,434,990
4*ss, M&N, $28,506.Sept. 1, 1899 Tax valuation, persona!. 1 ,012,818
($5,700 duey’rly) to Sept. 15,1903 Tax valuation 1897....... 5 447,808
4 s ,........ . $25,000....1904 to 1907 Total tax (per $1,000) ’97. . $17 09
($6,260 annually.)
Population in 1897 (est.).. . 10,500
School (gold notes)—
Population in 1890 w a s... .. 8,789
4s, A&O, $10,000........ Oct. 5,1899
($2,000 due yearly) to Oct. 5,1903
INTEREST Is payable at the Milford Savings Bank.

M I L L B U R Y . —Worcester County.
Total debt Jan. 1,1898...$51,416 I Tax rate (per $1,000) ’ 9 7 .. $19-59
Net debt Jan. 1,1898, about 27,799 Population in 1895 w as..]
5.229
Tax valuation 1897___$2,262,954 I
M O N S O N . -This town is in Hampden County.
LOANS—
- When Due.
W ater -W orks B onds48, M&S, $4,000.......... 1899-1902
($1,000 yearly on Sept. 1.)
4s, M&S, $18,000..........1903 1911
($2,600 yearly on Sept. 1.)
4s, M&S, $ 3 3 ,0 0 0 ....... .1912-19221
($3,6o6 yearly on Sept. 1 )

Bonded debt Jan. 1 ,’ 98. $56,009
Assessed valuation, real. 1,226,870
Assessed valuation,per’l. 500,891
Total valuation 1897___1,727,761
Assessment at “ fair cash value.”
Tax rate (per $1,000) 1897. .$17-00
Population in 1890 was....... 3,650
Population in 1897 (est,)......3,746

M O N T A G U E .— This town is in Franklin County. AU the
loans are exempt from taxation. The Turners FaUs Fire District is a
part of the town, but has a separate debt of $90,000 for water pur­
poses. See Turners Falls. The town debt is as fo llo w :
'L O A N S —
When Due. Tax valuation, personal. $797,830
Sewer B ondsTotal valuation 1897...... 3,731,786
48, J&D, $50,000.......June 1,1905 Assessment about ^3 actual value.
Bonded debt May 1,1897. $50,000 Total tax (per $1,000) ’97..,$17-00
Sinking fund....................... 26,851 Population in 1895 was........6,054
Net debt May 1 ,1 8 9 7 ...... 23,149 Population in 1890 w as........6,296
Tax valuation, real.. ....2,933,956
IN T E R E S T on the sewer bonds is payable at the National Bank o f
the Commonwealth, Boston. Mass.

27

October, 1898.
XT a rr-ijf*,Tr( EDWARD Ci. ARK, Treasurer.
IN
I iO J k V .— \JAMES McMANUS, Clerk.
This town is in Middlesex County.
„ LOANSWhen D ie. T ota ldeb tM a r.il. 1898 $361,302
Tax valuation 1897___ 5,698,350
Sew er B onds48, J&J, $17,000... .July 15,1926 Total tax per $1,000 1897..$19-60
Population in 1895 w a s .......8,814
218,000..........1915-1927
Water bonds, $50,447 ..1899-1908 Population in 1890 was........ 9,118
x t t t *t

i"\r t a tv at
(L E V I LADD, Treasurer.
IN XL J tL J Jrl A I V L .— $ THOMAS SUTTON, Clerk.
TMs town is in Norfolk County.
LOANS—
When Due. Total debt Jan. 1 ,1 8 9 8 .. $140,000
Tax valuation, real........ 2,816,154
W ater D ebt—
2*28 to 4s, $140,000......... Various Tax valuation, personal. 370,907
Total valuation 1897___3,187,061
Issued in anticipation o f taxes.
Assessment about ^ actual value.
School D istrict B onds—
3*28,........ $26,500.......1899-1916 Total tax (per $1,000) ’97..$15-80
Population in 1895 w as........ 3,511
($1,500 yearly.)
Population in 1890 was........ 3,035

N E W

5 CHAS. S. ASHLEY, Mayor.

B E D F O R D . - ■( J AS. H. HATHAWAY, Treas’r.

TMs city is in Bristol County.
- LOANSWhen Due.
LOANS—
When due.
Sew er B onds (reg.)—(Con.)—
City I mprovment (reg. & cou
6s, A&O, $100,000 ...O ct. 1,1899 4s,g.,M&9,$69,000g..Mar. 1, 1927
($10,000 due yearlv)toOct. 1,1908 3ÎSS, A&O, 3 0 ,0 0 0 ....Apr. 1,1906
6s, A&O, 12,000 ...O ct. 1,1909 3^8, A&O, 3 0 ,0 0 0 ....Oct. 1,1906
A&O, 28,000 ...O ct. 1,1910 3 »«s, A&O, 1 5 ,0 0 0 ....Apr. 1,1907
A&O, 62.000. .. Apr. 1,18993^s,g,F & A ,35,000....M ar.l, 1928
A&O, 25.000. .. Apr. 1,1900 School & P ublic B ldg . Bonds—
A&O, 73.000. . .Apr. 1,19014s.g.,M&S, $128,000 g.Mar.1,1917
3iflS.g.,F&A,
92,000...M ar.l,1918
.. Apr.
1,1902
A&O, 50.000.
Wharf B onds—
4s,g, A&O; 162,000g-.Apr. 1,1903
4s, A&O, 89,000... Apr. 1,1904 4s, M&N, $52,000 g...M ay 1,1927
W ater L oan (reg. & cou.)—
4s,C.,A&O, 24,000...Apr. 1,1905
4s,g, M&8, 172,000g.Mar. 1,1907 7s, A&O, $100,000....Oct. 1,1900
3*28,^ F&A, 62,000..Mar. 1,1908 ($10,000 due ye’rly) to Oct. 1,1909
6s, A&O, $ 2 0 ,0 0 0 ....Oct. 1,1899
P ark B onds (reg.)—
4s, A&O, $100,000... .Apr. 1,1942 6s, A&O, $ 1 00,000....Oct. 1, 1905
($20,000 due ye’rly) to Oct. 1,1909
Sew er B onds (reg.)—
4s, A&O, $35,000 . . . .Oct. 1.1908 5s, A&O, $100,000....Oct. 1, 1900
4s, A&O, 4 3 ,0 0 0 ....Apr. 1,1909 ($20,000 due ye’rly) to Oct. 1,1904
48.000. .. . Apr. 1,19104s, A&O, $20,0 0 0 ....Apr. 1,1918
4s, A&O,
57.000. .. . Apr. 1,19114s,- A&O, 120,000.... Apr. 1,1924
4s, A&O,
4s, A&O, 100.000. . . . Apr. 1,1912 4s, A&O, 200,000... .Dec. 15,1924
4s, A&O, 108.000. . . . Apr. 1,1913 4s, g, A&O, 400,000g. Apr. 1,1926
32.000. ... Apr. 1,19144s, g, J&J, 400,000 g.Jan. 1,1927
4s, A&O,
58.000. . . . Apr. 1,19254s, g, J&J, 200,000 g.Jan. 1,1927
4s, A&O,
The 4 per cent improvement bonds due in 1903 and the water bonds
due in 1926 payable in gold if demanded.
INTEREST on the 7 and 6 per cent water bonds is payable at
Boston; on all others at the office of the City Treasurer.
T O T A L D E B T . S IN K IN G FUNDS, Et c .—The subjoined state­
ment shows New Bedford’s total municipal debt, the sinking fund held
by the city against the same, the water debt, and the city’s park debt
on the dates indicated.
Feb. 1,1898. Mar. 1,1897. Jan. 1,1896. Jan. 1,1895.
$3,520,000
$2,167,000
$2,420,844
Total debt..........$3,696,000
Sinking funds...
530,217
463,175
373,201
446,300

1 H ANSWhen due.
LOANS—
When due. 4s, A&O,
$2 0 0,0 0 0 ....Apr. 1,1912
H ighw ay L oans—
S
ew
er
B
onds
—(Con.)—
4s. F&A, $7,900....F eb. 16,1904
4s A&O,
5,800 .. Apr. 13, 1904 4s, F&A, $100,000 ...A u g . 1,1923
4s, J&J, 125,000... .Jan. 1,1924
4s, A&O,
6 ,5 0 0 ....Oct. 1,1905 4s,
A&O, 1 0 0 ,0 0 0 ....Oct. 1, 1924
4s, J&J,
4,600....Jan . 1,1905 4s, J&J,
7 0 ,0 0 0 ....July 1,1926
4s, F&A, 2 5 ,0 0 0 ....Feb. 1,1915
4s,
M&N, 1 0 0 ,0 0 0 ....May 1,1927
4s, A&O, 5 2 ,0 0 0 ....Apr. 1,1915
Sew er Notes—
_ „„ „
4s, J&D, 10,000___Deo. 26,1915
4s, M&N, 8 0 ,0 0 0 ....May 1,1936 4s, J&D, $ 2 0 ,0 0 0 .... Dec. 2,1925
9 8 ,0 0 0 ....Deo. 1,1922
4s, J&D, 5 0 ,0 0 0 ....Deo. 1, 1937 4s, J&D,
4s, J&D,
21,000___ Deo.15,1922
H ighw ay Stable L oans—
5 0 ,0 0 0 ....Deo. 2,1925
4s, F&A, $ 1 3 ,0 0 0 ....Aug. 1,1903 4s, J&D,
4s.
M&S,
50,000___Sept.l, 1928
4s, F&A,
8,000___Feb. 16,1904
W ater L oans—
, ,
Miscellaneous L oans—
6s,
J&J,
$60
0,0 0 0 ....July 1,1905
4s, M&9, $5,550___Mch. 1,1900
4s, J&D,
9,000....D ec. 1,1904 5s, J&J, 250,000... .July 1,1906
4s, M&N, 11,000....M ay 1,1905 4s, A&O, 100.000. . . . 0ct. 1,1910
4s, J&D, 30,000....D ec. 1,1907 4s, A&O, 100.000. . . . Apr. 1,1914
4s, J&D. 1 0 ,00 0 ....June 1,1908 4s, A&O, 100,000___Oct. 1,1917
M
4s, A&O, 1 0 0 ,0 0 0 ....Oct. 1,1918
P a r k B onds—
4s, A&O, $ 2 5 ,0 0 0 ....Apr. 1,1908 4s, A&O, 2 5 0 ,0 0 0 ...,Oct. 1,1920
4s, A&O, 100;000 ... Apr. 1,1921
School L oans—
4s, J&D, $ 5 0 ,0 0 0 ....June 1,1914 4s, A&O, 100,000___Apr. 1, 1922
4s,
F&A, 5 0 ,0 0 0 ....Aug. 1,1923
4s, J&J,
9 ,0 00 ... .July 1,1914
4s, A&O, 60,000___Apr. 1,1915 4s, A&O, 75.000. . . .Apr. 1,1924
4s, F&A, 75,000....A ug. 1,1915 4s, F&A, 60.000. . . . Aug. 1,1925
70.000. . . . July 1,1926
4s, J&D, 5 0 ,0 0 0 ....Deo. 1,1916 4s, J&J,
45.000. . ..J u ly 1,1927
4s, J&J, 1 0 0 ,0 0 0 ....Jan. 1,1917 4s, J&J,
„ J
H U 75,000__ Moh. 1,1928
M&S,
4s, M&S, 50,000.... Sept. 1,1917 4s,
W ashington Street L oan—
4s, Jan., 15,000.... July 1,1918
4s, F&A,
35,000...Feb. 1,1918 4s, F&A,$30 0,0 0 0 ....Aug. 1, 1935
4s, F&A, 200,000___Feb. 1,1936
Sew er B onds—
60,000___July 1,1936
4s, A&O, $5,000... .Oct. 1,1900 4s, J&J,
4s, A&O,
1 0 ,0 0 0 ....Oct. 1,1901 4s, J&D, 100,000___Deo. 1,1936
4s,
M&S,
100,000....
Sept. 1,1937
4s, A&O,
2 0 ,0 0 0 ....Oct. 1,1902
J&D, 50,000___Dec. 1, 1937
4sj A&O,' 250,000....A pr. 1,1911 P4s,
i ______
PAR VALU E OF BONDS.—All the bonds are for $1,000.
IN TE RE ST payable at Nat. Revere Bank, Boston, or in Newton.
T O T A L D E B T .SIN K IN G FUNDS, Et c -

1898.
1897.
1896.
1895.
MuMcipal d eb t........... $3,272,113 $2,925,613 $2,283,613 $1,615,063
Water debt................... 2,000,000
1,955,000 1,885,000 1,825,000
Total debt............. $5,272,113 $4,880,613 $4,168,613 $3,440,063
888,446
757,582
657,687
Sinkingfund................ 1,099,407
Net debt Jan. 1...$4,172,706 $3,992,166 $3,411,031 $2,782,376
The sinking fund receives yearly about $130,000.
ASSESSED V A L U A T IO N .—The city’ s assessed valuation and tax
ate have been as follows, real estate being at about market value:
Rate o f Tax
-Assessed Valuation.Personal.
Total.
per $1,000.
Tears—
Real.
$55,303,450
$16-60
1898 ...................$43,419,650 $11,883,800
10,471,650
52,022,000
16-20
18 9 7 .................. 41,550,350
10,728,375
49,951,825
1660
18 9 6 .................. 39,223,450
10,513,394
47,401,344
14-60
1 8 9 5 .................. 36,887,950
10,067,600
41,853,800
14*80
1893.................. 31,786,200
7,481,830
25,200,100
1400
1 8 8 0.................. 17,718,270
Tax rate in 1897 included city tax proper, $ 1 5 1 1 ; State tax, $0-44 ;
county tax, $0-65; total, $16*20 per $1,000.
T A X - RECEIVABLE C O U P O NS.—Water bonds for $2,000,000, and
sohool, municipal, sewer, park and stable bonds for $1,156,000 carry
tax-receivable coupons.
P O P U L A T IO N . —In 1890 population was 24,379; in 1880 it was
16,995; in 1870 it was 12,825. By State Census in 1895 was 27,590.

$3,056,825
$1,793,799
$1,974,544
• Net d eb t.. . .$3,165,783
Water debt, incl.
$720,000
$740,000
$1,800,000
above.............. $1,780,000
Park debt incl.
$ 100,000
$ 100,000
a b o v e ............. $100,000
$100,000
On March 1,1897, the city had no floating debt. The Park Loan of N O R F O L K C O U N T Y . — Ohas .H . Smith ,T reas.
1942 and the wharf bonds are authorized outside of debt limit.
Dedham is the county seat.
The municipal sinking fund receives yearly about $90,400 and the
NO TES— ___
When Due. Total debt Jan. 1,1898 $100,000
water sinking fund $26,700.
3*99s, ...,$ 2 5 ,0 0 0 ...Deo. 17,1898 Assessed valuat’n ’97.180,133,435
Population 1890................118,950
.
.
.
.
,
...,
80,000...
Dec.,
1898
C IT Y PR O P E R TY .—City’ s water-works valued at $1,300,000.
Population 1898................134,819
3^28......... 90,000... 1899-1904
($15,000
yearly
on
June
26.)
ASSESSED VALUATION.—The city’ s assessed valuation (wMohis
the same as actual value) and tax rate have been as follows:
5 H. T. CADY, Mayor.
Rate o f Tax
-Assessed Valuation.Personal.
Total.
per $1,000 N O R T H A D A M S . — ( JAS.W. HA RDENBERGH,Treas.
Tears.
Real.
This city is in Berkshire County.
$22,575,978
$58,171,798
$16-20
1897..............$35,595,820
*56,034,917
22,360,417
15-40
1896............... 33,920,700
LOANS—
When Due. I Tax valuation, real...... $6,828,325
20,658,583
52,642,733
1540
1895............... 31,984,150
P ermanent I mprovem ’ t L oan— |Tax valuation, personal 1,708,737
16,818,254
36,869,754
16-30
18 9 0 ............... 20,041,500
3*as, A&O, $36,000.......1899-1902 l Tax valuation 1897___ 8,537,062
13,137,519
26,275,919
15-70
1 8 8 0 ............... 13,138,400
($9,000 yearly.)
Tot. tax (per $1,000) ’ 97
24-00
Water d eb t.................... $452,750 |Population in 1899 (est.)...22,000
Less remittances by assessors.
548,833 |Population in 1890 was.......16,074
POPULATION.—In 1895 population was_55,316; in 1890 it was Bonded debt Jan.l, '98.
IN TE RE ST is payable in Boston and North Adams.
40,733; in 1880 it was 26,845; in 1870 it was 21,320.
'M i r 'W f l i i T T 'D V P H R T
5 GEO. H. PLUMER, Mayor.
IN EL. W XD U ire I J r U r i l .— $ j . y . FELKER, Treasurer.
TMs city is in Essex County. The city owns the option of purchasing
the water works, now in the hands of a private corporation.
LOANS—
When Due. Tem. loan, 4s, $77,895 ....................
Trust bonds, 4-4^s, $79,750. .dem.
A rmory B onde­
r ' s, M&S, $8,200....$2,000 yearly Bondea debt Jan. 1 ,’98.. $548,006
Sinking funds, eto.......... 148,162
C ity B onds48, J&J, $65,000....July 1,1908
Net debt Jan. 1 .1 8 9 8 .... 399.844
4s, J&J, 90,000....July 1,1911
Assessed valuation, real.7,166.200
Assessed valuation, ptsr’l. 2,497,874
4s, A&O, 25,000....Apr. 1,1913
Sew er B ondsTotal valuation 1897__ 9,664,074
48, M&S, $107,500....Sept. 1,1919 Assessment about
actual value.
School B ondsTax rate (per $1,000) 1897.$15-40
48, M&S, $4,500..........$1,500 yearly Population in 1890 was......13,947
3B. &M. RR. 4s, $71,661___demand Population in 1895 was......14,554
Notes, 4s, $15,000___Mar. 1,1899
PAR VALUE coupon bonds are for $1,000 each.
IN TE RE ST on all bonds is payable at the City Treasury or at the
First National Bank of Boston.
5 HENRY E. COBB, Mayor.
N E W T O N .
( SETH A. RANLETT, Treasurer.
The city is situated in Middlesex County. Newton is one of the few
Northern cities having tax-receivable coupons attached to any of its
bonds. See below.
LOANS—
When Due.
LOANS—
When Due.
B oulevard B ondsD rains and Culverts —
48, J&D, $100,000...June 1,1914 4s, J&D, $ 1 3 ,6 8 7 .... June 1 6 ,1 9 0 4
4s, A&O,
8 0 ,00 0 ...Oct. 1,1914 4s, J&J, 1 0 ,0 0 0 . .. .July 7 ,1 9 0 4
4s, A&O,
80,00 0 ...Apr. 1,1915 4s, A&O, 1 1 ,0 0 0 . ...O ct. 1 ,1 9 0 4
4s, M&N, 100,000...Nov. 1,1915 4s, M&N, 1 0 ,0 0 0 .... Nov. 30, 1904
4s, J&J, 100,000... July 1,1916 4s, J&D, 1 3 ,0 0 0 .... Dec. 1 8 ,1 9 0 4
4s, M&N, 4 0 ,00 0 ...May 1,1917 4 s , J&D, 2 9 ,0 0 0 .... June 1 ,1 9 1 4
Cit y N otes—
4s, A &0, 7 ,5 0 0 ... . Apr 1 ,1 9 1 7
4fl, J&J,
$ 9 ,2 5 0 ....July 8,1903
E ngine H ouse L oan4s, M&N, 14,000... .N ov.28,1903 48, J&J, $ 1 0 ,5 0 0 .... July 1 ,1 9 0 6
4 s, J&D, 22,826... .N ov.28,1903




5 H. P. FIELD, Mayor.

N O R T H A M P T O N . - — I GEO. W. CLARK, Treasurer.

This city is in Hampshire County.
LOANS—
When Due.
B ridge Notes—
4s, M&N, $26,750. May 15,1901
R ailroad L oan48, M&N, $74,000...May 1,1904
School B onds48, J&J, $50,000.... Jan. 1,1915
4s, J&J,
2 ,4 0 0 ....July 1,1899
4s, M&N, 15,000....N ov. 1,1907
4s, J&J,
7 ,2 0 0 ...June 16,1900
Sew er L oans—
4s, M&N, $25,000.. .Nov. 15,1898
($12,500 due y ’rly) to Nov. 15,1899
4s, J&J, $156,000.. .July 1,1902
Grade Crossing B onds—
3^ s, J&J, $30,000.... Jan. 1,1899

Water B onds—
4s, M&N, $18,000 g..N ov. 6,1898
($6,000 due semi-an.)toNov.6,1899
4s, A&O, $ 5 0 ,0 0 0 ...Oct. 1,1900
4s, M&N,$100,000.. .May 1,1909
Total debt July 1, 1898..$544,350
Net debt July 1 ,1 8 9 8 ..-- 494,350
Water debt included....... 168,000
Assessed valuation, real.9,330,520
Assessed valuation, pers.2,304,401
Total valuation 1898... 11,634,921
Assessm’t about 80% actual value,
Tax rate (per $1,000) 1898. $15 50
Population 1890.................. 14,990
Population 1898 (estimated) 17,000

N O . A T T L E B O R O U G H .— A .
Treasurer.
This place is in Bristol County.
LOANS—
When'Due.
E lectric L ight B onds48, J&J, $50,000............
1924
Water B onds48. J&J. $227,000....1899 to 1923
Tot. bond, debt Jan.l,’98.$277,000
Floating d e b t ............... 97,250
Total debt......................... 374,250

E.

C o d d in g ,

Sinking f u n d .................... $74,800
Net debt Jan. 1 ,1 8 9 8 .... 299,450
Interest payable in Boston.
Tax valuation in 1897. $3,827,664
Total tax per $1,000 1897..$23-00
Population in 1895 w as........ 6,576
Population in 1890 w as........ 6,727

-Ch a s . H . R ice , Treas.
This town is in Worcester County.
LOANS—
When Due. ' W ater Loan—
New School H ouse L oans—
4s, F&A, $ 5 0 ,0 0 0 ....Aug. 8,1902
4s, M&N, $4,000.N ov.l9,’ 9 7 to ’99 4s, fund, loan, $2,000.Aug.20,1900
Interest is payable at Worcester.
N O R T H B O R O U G H .

Bonded debt Feb. 1,1898..$56,000
Floating debt......................
4,000
Total debt....................5__ 60,000
Sinking fu n d ..................... 24,782
Net debt Feb. 1 ,1 89 8 ........ 35,217
Tax valuation, real............ 977,540

Tax valuation, personal..$243,178
Total valuation 1897... 1.220,714
Total tax (per $1,000) 1897.$13-20
Population in 1895 was.......1,941
Population in 1890 w a s ...... 1,953

N O R T H B R O O K F I E L D . — G eo. R. H am ant ,
Treasurer.
Bonded debt Feb. 1, ’ 98. $154,000
Floating debt.................
5 000
Total debt Feb. 1,1898.. 159^000
Water debt (included). . . 110,000
Assessed valuation,real.l,594,165

Assessed valuation, pers. $228,380
Total valuation 1897___1,822,545
Tot. tax rate(per $1,000)’97. $22*50
Population in 1890 was........ 3,871
Population 1898 (estimated) 4,800

N O R W O o n
5 CHARLES E. POND. Treasurer.
IN W n W U U U — ( EDGAR L. BIGELOW, Clerk.
The town is in Norfolk County.
When Due.
Due. I Floating debt.................... ..$33,532
LO A N S —
When
Wateb B onds—
Total debt M ar.l, 1898.
118,532
4s, F&A, $55,000.......Aug. 1,1901 |Sinking funds.................
13,529
($10,000 each fifth yr. until paid.) ' Net debt Mar. 1. 1898..
105,003
4s, J&D, $2J,000........ J u n el, 1901 Tax valuation 1897
3,686,175
4s........
7,000............... ....... 1917 Tot.tax (per $1,000) ’97
$18-40
($5,000 each fifth year until paid.) Assessment abt. 90% actual value.
Int. paid by N. E. Tr. Co., Boston. Population in 1895 was........4,574
Bonded debt Mar. 1,1898.$85,000 Population in 1890 was....... 3,733

O R A N G E . — T . W esley B ridge , Treasurer.
This town is in Franklin County.
LO ANSWhen Due. Floating debt.................
$37,795
W ater BondsTotal debt Jan. 1,1898.
223,779
48, M&S, $134,000..$1,000yearly. Water debt (incl. above)
135,000
Sewer B ondsTax valuation, real....... 2,336,615
48, M&N, $49,000.... 2,000yearly. Tax valuation, pers’n’l.
508,895
R efunded D ebtTotal valuation 1897 .. 2,845,510
775 yearly. Assessment about actual value.
48, F&A, $3,100.......
School H ouse L oans—
Total tax (per $1,000) ’97 $20 00
4s, F&A, $33,920... part yearly. Population in 1895 was........ 5,361
Bonded debt Jan. 1 , ’ 98 $186,000 Population in 1890 was........ 4,568
INTEREST on the water bonds is payable at the Orange National
Bank and at the office of the Town Treasurer; on the sewer bonds at
the National Hide & Leather Bank, Boston, and the Orange National
Bank; on all other loans at the Town Treasurer’ s office.

P E A B O D Y . — Elmer M. Poor, Treasurer.
This town is in Essex County.
LO A N S —
When Due.
E lectric L ight B onds 1892—
4s, J&D, $40,000.......June 1,1922
R efunding W ater B ond—
4s, M&N. $ J8,000.......... 1899-1910
($4,000 annually)
Town notes, &o.............. $87,700
Interest paid at City Treasury.

Total debt Jan.15,1898 $214,340
Water debt (included)..
61,000
Sinking fund and assets
80,110
Tax valuation 1 8 9 7 .... 7,644,550
Total tax (per $1,000) ’97 ..$16-00
Assesment same as actual value
Population in 1895 was...... 10,510
Population in 1890 was...... 10,158

Tax valuation, real— $15,557,500 1Population in 1896 (est.)... 22,562
Tax valuation, personal 2,454,646 I Population in 1890 was___ 16,723
Tax valuation 1897 — 18,012,146 I Population in 1880 was___ 10,570
Tax rate (per $1,000) ’ 97... $18-80 |
IN T E R E S T is payable at Nat. Bank of the Commonwealth, Boston.

R A N D O L P H . — J o s e p h T. L e a h y , Treasurer.
This town is in Norfolk County.
LO A N S—
When Due.
Water W

o rks—

4s, A&O, $10,000........Apr. 1,1902
4s, A&O,
20,000.....Apr. 1,1907
4s, A&O,
20,000.....Apr. 1,1912
4s, A&O,
40,000.....Apr. 1,1917
4s, M&N,
20,000.....May 1,1918
4s, J&J,
25,000.... July 1, 1922
4s, J&J,
8,000.... July 1,1926
Interest payable at Boston.
Bonded debt Jan.l, 1898.$143,000

Floating debt and accid’t $45,196
Total debt......................... 188,196
Sinking funds, e tc ..........
37,968
Net debt Jan. 1, 1898___ 150,228
Tax valuation, real........ 1,616,550
Tax valuation, personal. 266,750
Total valuation 1897___ 1,883,300
Assessment is about actual value
Total tax (per ($1,000) ’97..$21-00
Population in 1895 w as........ 3,694
Population in 1890 w as........ 3,946

R E A D I N G . — E. N. H un t , Auditor.
This town is in Middlesex County.
LO AN S —
When Due.
W ater B onds—
E lectric-Light B onds—
4s, J&D, $119,000. ..1899 to 1915
4s, A&O, $6,000.........Oct. 1,1899
($7,000 yearly on June 1.)
($1,000 due yearly) to Oct. 1,1904 4s, J&D, $94,000. .. 1916 to 1922
4s, A&O, $40,000.......Oct. 1,1905
($12,000 yearly on June 1.)
($2,000 due yearly) to Oct. 1,1924 4s, J&D, $10,000.......June 1 ,1923
4s, May, $11,200....... May 1,1899
Interest payable in Boston.
($1,400 due yearly)to May 1, 1906 Temporary loans, $20,000,
School B ondsFeb. & Mar., 1899
48, F&A, $2,000...... 1899 to 1900 Bonded debt Jan. 1, ’98..$327,600
($1,000 due yearly.)
Floating debt.................... 35,258
4s, F&A, $16,000....1901 to 1908 Net debt Jan. 1 ,1 8 9 8 .... 362,858
($2,000 yearly on Aug. 1.)
Tax valuation, real........ 3,586,315
4s, F&A. $21,000....1909 to 1915 Tax valuation, personal. 554,031
($3,000 due yearly.)
Total valuation 1897___4,140,346
4s, Mar., $ 5 ,0 0 0 ......Mar. 9,1901
Assessment about actual value.
4s, May, $6,000.......... May 1, 1899 Total tax (per$1,000) ’97...$18*00
($2,000 due yearly)to May 1,1901 Population in 1895 w as.........4,710
Population in 1890 w as.........4,088

R E V E R E . — G. A rthur T a pl ey . Treasurer.
This town is in Suffolk County.'
LO A N S—
When Due.
School L oan48, ......., $85,000....... 1898 to 1916
Sewer L oan48, ........ $25,800........1898 to 1899
4s, F&A, 2 2,000.... 1899 to 1919
Street L oan48 &4129. $7,800.... 1898 to 1899
T own H all Notes —
4s........,$76,000. ..1 8 9 9 to 1917
IN T E R E S T is payable iu Boston

Sundry P urfoses—
4s & 5s,$6,0 0 0 ....I ... 1899 to 1901
Net debt Feb. 1 ,1 8 9 8 .... $235,000
Tax valuation, real........ 9,113,000
Tax valuation, personal. 249,555
Total valuation 1897___ 9,362,555
Total tax (per$l,000) ’98
16-40
Population in 1895 was........ 7,437
Population in 1890 was........ 5,668
at the Fourth National Bank,

(J . S. GRAY, Treasurer.
(EZEK IEL B. DUDLEY, Clerk.
Town in Plymouth County.
This town is in Middlesex County.
LO A N S —
When Due.
LO ANS—
When D ue*
D eficiency B onds—
W ater Works LO ANSWhen Due. |Assessed valuation’98 $2,155,589
3%s, M&N, $4,000.........1899-1900 48, M&N, $72,000........... 1899-1916
4s, A&O, $22,000.........1899-1906 |Taxrnte (per $1,000) ’98...$13-00
($2,000 due yearly on May 1.)
($4,000 due yearly on May 1.)
($3,000 yearly.)
I Population 1890..................... 2,348
F ire E ngine B onds4s, F&A, $ t 9,000...........1899-1917
Total debt Sept. 1, 1898.. $37,000 |Population 1898 (est.).......... 3,70o
48, M&N, $4,000........... 1899-1902
($1,000 due yearly on Feb. 1.)
($1,000 due yearly on May 1.)
Total debt SeDt. 1, 1898.$126,500
5 W. W. WHITING, Mayor.
F dnding Notes —
Tax valuation, real........ 2,510,192
P I T T S F I E L D . - ( E. H. KENNEDY, Treasurer.
.......$16,000......... May 1, ’ 99 to ’06 Tax valuation, personal. 475,948
($2,000 due yearly.)
Total assessment 1898.-2,986,140
Pittsfield is in Berkshire County. It became a city in 1890, The
School B onds—
Tax rate (per $1,000) ’98
$22-30
sewer debt, included in total below, is outside of the debt limit.
4s, M&N, $6,000... May 1, ’99-02 Total assessment 1895...2,984,019
LO ANSWhen Due.
City’s bonds all payable in gold. 34 0s,M&S, 4,500.. Sept. 10,’99-03 Population in 1890 was........ 5,213
Water L oans—
Notes—
Street B onds—
Population in 1880 was........ 4,553
4s, M&N, $45,000...... Nov. 1,1908 4s, $24fi)0O........................Demand.
4s, M&N, 50,000...... May 1,1916 Bonded debt Sept. 1, ’98 $650,000 4^8, M&S, $1,000........ Sept., 1899 Population in 1895 (census).5,511
IN
T
E
R
E
S
T
on
the
school
bonds
at the New England Trust Co.,
4s, M&S, 75,000... $5,000 yearly Floating debt................
97,900
4 b, ......... 90,000... 1899 to 1907 Total debt Sept. 1,1898.
747,900 Boston; on the deficiency bonds at the State Treasury; on all other
Sew
er
B
onds
,
1
8
9
3
bonds
at
the
office
of
the
New
England
Trust Co., Boston.
'
>
I Water
h aaui ucut
iii.LiU.UOU.*..
^D
U.UUU
debt v
(included'..
260,000
4g, J&D, $200,000, g..June 1,1899 j Tax valuation,real.... 11,478.550
($
1
0
,0
0
0
d
u
e
v
’rl
viro
.Tlin«
1
1
G
l
8
T
oy
v
a
liin
t
iA
«
y
.«....,..,.,!
o
o
l
o
’i
r\t>
($10,000 duey’rly)to June 1,1918 Tax valuation, personal 3,313,196 o a t c n v r
5 DAVID P. WATERS, Mayor.
Notes, 4s, 20,000............Demand. Total valuation 1898... 14,791,746 O A A i_.X L lV l.— ( FRANK A. NEWELL, Treasurer.
School B ondsThis city is in Essex County.
Total tax (per $1,000) ’98.. $17-80
48, M&N. $190,000.......1899-1914 Population in 1898 w a s .... 24,000
When Due.
LO ANSLO A N S —
When Due.
($10,< 00 annuaUy on May 15.)
Population in 1890 was___17,261
A rmory B ondsMunicipal L oan 1892—
INTEREST on the water bonds due in 1908 is payable at Pittsfield; 48, M&S, $4,000................ March 1 4s, J&D, $57,000.......June 1,1899
($500 yearly.)
on all other bonds at Boston.
$3,000 due yearly) to June 1,1917
Canal Street Municipal L oan 1893—
48, M&N, $18,000.......May 1,1899 48, J&D, $30,000.......June 1,1899
P L Y M O U T H . — George S. D yer , Treasurer.
($6,000 yearly) to May 1,1901 ($6,000 due yearly) to June 1,1903
igh School B onds P ublic Library —
This town is in Plymouth County. The water department pays from 48,HF&A,
$33,600.......... Aug., 1899 6s, A&O, $25,000.......Apr. 1,1908
receipts interest on water loans and about $4,000 annually on debt.
($4,200 due yearly) to Aug., 1907
Sew er L oans—
Total debt May 1,1897. $220,619 I Tax rate (per $1,000) ’97 $16-40
I mprovement L oan 1892—
4s, A&O, $44,000.......Apr. 1,1899
Tax valuation, real....... 4,972,875 Population in 1895 was * 7 958 4s, F&A, $36,000.......Aug. 1,1899 ($2,000 due yearly to) Apr. 1, 1920
Tax valuation, personal 1,921,025 Population in 1890 w a s .'.!"’ '7*314 ($9,000 due yearly) to Aug. 1,1902
Water B ondsTotal valuation 1897... 6,893,900 |Population in 1880 was........ . 7,*093
Improvement L oan 1893—
58, J&J, $ 3 9 8,5 0 0 ....July 1,1904
4s,
A&O,
$25,000......
Oct.
1,1899
IN T E R E S T is payable partly in Boston and partly in Plymouth.
4s, J&D, 176,000... .June 1,1899
($5,000 due yearly) to Oct. 1,1903
($8.000 yearly) to J u n el, 1920
I mprovement L oans 1894—
4s, F&A, $20,000.......Feb. 1,1899
p r o v i n c e t o w n T -Seth S mith , Treasurer. 4s, M&S, $54,000.......Mar. 1,1899 ($2,000 due yearly) to Feb. 1,1908
This town is in Barnstable County,
($9,000 due yearly) to Mar. 1,1904 4s, F&A, $6.800 ($500 yr’lv) Mar.l
When Due. Floating d e b t ............... $13,515 4s, M&S, $3,000........ Mar. 1,1899 4s, M&S, $6,800............ 1899-1906
LO ANSI mprovement L oan 1895—
$850 due Aug. 1 yearly.
School BondsTotal debt Jan. 1, 1898..
87,515
48, J&D,$10,000J une 1,’99 to 1903 Assets...............................
15*947 $4s, A&O, $ 1 7 ,5 0 0 ....Apr. 1,1899 4s, )>I&N, $3,900........ Nov. 1, 1898
($2,000 due yearly.)
Net debt Jan. 1 ,1 8 9 8 ...
71*568 $2, 500 due yearly) to Apr. 1,1905
W ater B onds—
Water debt (included).. .
62,000
PAR V A L U E OF B O N D S.— The bonds are mostly in $1,000 pieces.
4 k s,J&D,$50,000J ne 1 ,’99 to 1923 Tax valuation, real........ 1,161 775
IN T E R E S T is payable at the Merchants’ National Bank, Boston.
($2,000 due yearly.)
Tax valuation, personal. 709,*321
T O T A L DEBT, S IN K IN G FU ND S, Etc —
4s, A&O, $8,000 June l , ’99to 1902 Total valuation, 1897.. .1,871 096
($2,000 due yearly.)
Tax rate (per $1,000) ’97. $17 00
Dec. 1,1897. Dec. 1,1896. Dec. 15,1895.
Total bond.debt Jan. 1,’ 98.$74,000 Population 1896 (est.)..
4,555 Total debt................................... $1,293,449
$1,167,500
$1,317,868
Sinking funds and cash............
242,156
192,767
229,439
Q U I N C Y . — 5 R- SEARS, Mayor.
Net d e b t................................$1,051,293
$974,733
$1 ,088,429
I JOHN O. HALL, Auditor.
Water debt (included above)...
696,650
711,500
699,500
This city is in Norfolk County,
Trust funds (included above)...
105.425
105,425
105,425
LO ANS—
When Due.
LO A N S —
.
When Due.
A
S
S
E
S
S
E
D
V
A
L
U
A
T
IO
N
.—
The
city’
s
assessed
valuation
and
tax
Bridges 4s, J &J.,$2,000. July 1, ’99 Sewer 4s, ......... $5,000 ’01 to ’05 rate have been as follows:
Parks, g ............. 46,000 ’98 to ’22
($1,000 due yearly on Oct. 1.)
■Assessed
Valuation.Tax
p
er
School 4s, M&S. 89,660 ’98 to *06 Sewer 4s, A&O, $97,500.1899-’37 Tears.
Beal.
Personal. Additional.
Total.
$1,000
School 4s........... 60,000 ’99 to ’06
($2,500 yearly on Oct. 1.)
1898..
$18,551,600
$10,818,700
........
$29,370,300
$17-00
($7,500 due yearly on July 1.)
Various
....... $29,200 ’98 to ’01
10.805.000
........
18,166.200
28.071.200
17- 30
Street 4s, J & J .. $70,155 ’98 to *04 W ater................ 719,000 ’98 to ’ 27 1897
10. 100.000
.........
1896.. 17,542,700
27,642,700
16-00
Street 4s........... 17,000.1898-1907
do 4s, M&N. 30,000 ’99 to ’ 28 1895.. 17,076,400
10,498,200
$9,000
27,583,600
1850
Sewer 4s, M&N 117,000 ’99 to ’ 37
($1,000 annually on Apr. 1.)
11,853,500
43,500
1894.. 16,463,200
28.360.200
16-80
($3,000 due yearly on May 1.)
Total debt A pr.l. 1898.$1,297,515 1890.. 14,289,500
11,888,690
20,700
1700
26,198,890

P E P P E R E L L . — E. L. T arbell , Treasurer.




R O C K LA N D .

October, 1898.

I

-P O P U L A T IO N .—In 1895 population was 34,437; in 1890 it was
30,801; in 1880 it was 27,563.
t t c
5 J. S. MEAOOM, Treasurer.
U U U D . — } E. B. NEWHALL, Clerk.
This town is in Essex County.
LO ANS—
When Due.
LO AN S—
When Due
Coupon N otes —
School-H ouse Loan4 s , ...... $10,000..... Not. 1,1898
48, . . . . . $10,200....... 1898 to 1903
(Semi-annually to May 1,1900 )
($1,700 yearly on Dec. 1.)
4 s , .......$12,000.......... Nov. 1, 1900 4s, . . . . . $2,700..........1899 to 1904
(Semi-annually to May 1, 1902.)
($450 yearly on Mar. 7.)
4 s , ...... $2,000........Nov. 1,1902
4s......... $30,00».......... 1904 to 1915
Water L oan($3,000 yearly on July 1.)
48,
, $10,500........1898 to 1900 Other debts..........................$75,500
($3,500 yearly on Dec. 1.)
Total debt May 1,1897.... 168,600
4 s ,. . . . , $4,000...........Dec., 1901 Sinking fund........................ 57,200
4 s , .......
2,5 00 ...........Dec., 1902 Net debt May 1 ,1897.........111,400
4s, . . . . . 15,000........1903 to 1907 Assessed val’n, real........ 3,171,363
($3,000 yearly in Dec.)
Assessed val’n, personal 177,883
4s, . . . . , $15,000....... 1910 to 1912 Total valuation 1897___ 3.349,246
($5,000 yearly in Dec.)
Total tax (per $1,000)’97..$18-00
4iflS, ...$ 10 ,0 0 0 ........1908 to 1909 Population in 1890 was........ 3,673
4 s ,---- - 3,500...............Dec., 1913 Population in 1895 was........ 4,504

C

a

TTp

i ALBION A. PERRY, Mayor.
IJOHN F. COLE, Treasurer.
This city is in Middlesex County
LO A N S —
When Due.
LO A N S —
When Due.
City B onds—
Sew er B onds—
4^28,A&O, $72,000...Oct. 1,1899 412S.J&J, $16,000... July 1,1899
($24,000 due y’rly) to Oct. 1,1901 ($1,000 due yearly) to July 1,1914
4^28,A&O, $30.000...Oct. 1,1902 4^8,A&O,$13,000___Oct. 1,1899
4*28,A&O, 3 5 ,00 0 ...Oct. 1,1903 ($1,000 due yearlyjto Oct. 1,1911
4s, J&J. 20,000... Jan. 1,189» 4s. J&J, $25,000....... 1898 to 1922
($10,000 due ye’rly) to Jan. 1,1900
($1,000 due ann. on July 1.)
4s, J&J, $54,000...July 1, 1899 4s, $88,000..................... 1899-1925
($9,000 due yearly) to July 1,1904 ($4,000 yearly on July 1 to 1905
4s, J&J. $20,000...July 1,1899
and $3,000 yearly to 1925.)
($10,000 due y’rlv) to July 1,1900 4 s ,........ $25,000....... July 1,1899
4s, J&J, $18,000...July 1,1901
($1,000 yearly) to July 1,1923
($9,000 due yearly) to July 1,1902 5*28, J&J, $10,000....July 1, 1906
4s, J&J, $72,000...July 1,1903 5s, J&J, 15,500___ July 1,1899
($8,000 due yearly) to July 1,1911 5s, J&J, 12.500.... July 1,1900
4s, J&J, $35,000...July 1,1912 4s, A&O, 13,000____ Oct. 1, 1899
($7,000 due yearly) to July 1,1916 4s, A&O, 14,000____ Oct. 1,1900
4s, J&J, $60,000...July 1,1905 4s, J&J, 6,000___ July 1,1901
($6,000 due yearly) to July 1,1914 4s, A&O, 2 0 ,0 0 0 ....Oct. 1,1901
4s, A&O, $ 9 ,00 0 ...Oct. 1,1899 4s, J&J, 1 7,000.... July 1,1902
4s, A&O, 15,000...Oct. 1, 1901 4s, A&O, 7,000____ Oct. 1,1902
($3,000 due yearly) to Oct. 1,1905 4s, J&J, 18,000.... July 1,1903
4s, A&O, $40,000...Oct. 1, 1899 4s, J&J, 10,000.... July 1,1904
($10,000 due y’rly) to Oct. 1,1902 4s. J&J, 10,000.... July 1,1907
4s, A&O, $ 7,000-..Oct. 1,1899 4s, A&O. 4 4,000....Oct. 1,1899
4s, A&O, 12.000...Oct. 1, 1899 ($2,000 due ye’rly) to Oct. 1,1920
($4,000 due yearly) to Oct. 1,1901 4s, J&J, $3,000___ July 1,1899
4s, A&O, $6,00 0 ...Oct. 1. 1900 ($1,000 due ye’rly) to July 1,1901
4s, J&J, $296,000................ .......... 4s, A&O,$10,000___Oct. 1, 1900
(Part due yearly.)
($2,000 due ye’rly) to Oct. 1,1904
4s, J&J, $131,000.... 1899 to 1917 4s, A&O,$30,000___Oct. 1,1905
(Due yearly $11,000 1899 to ’01; ($3,000 due ye’rly) to Oct. 1,1914
$9,000 ’02 to ’07; $5,000 ’08 to '11; 4s, A&O,$ 1 0 ,0 0 0 ....Oct. 1,1915
$4,000 ’12 to ’ 17.)
($2,000 due ye’rly) to Oct. 1,1919
4 s ,........ $151,000........ 1899-1918 48, J&J, $12,000___July 1,1907
(Due y’rly on July 1: $11,000 ’99 ($1,000 due ye’rly to) July 1,1918
to 1900; $10,000 »901 to 1907; 48, J&J. $10.000___July 1,1899
$9,0001908; $5,000 1909 to ’ 18) ($1,000 due y’rly; to July 1,1908
Paving B ondsTemporary loan........
$100,000
48, A&O, $70,000...Oct. 1,1899
($5,000 due yearly» to Oct. 1,1912
PAR V A L U E OF BO N D S.— The bonds are mostly for $1,000 each.
T O T A L D E B T ETC.—
Jan 1,1898. Jan. 1,1897. Jan. 1.1896.
Total debt....................................$1,548,000
$1,531,000
$1,506,500
Water debt (included above)...
294,000
$315,000
321,500
In place of an accumulating sinking fund, the city raises each year by
taxation a sum of money which is applied to the redemption of bonds,
which when paid are canceled.

S O M E R V IL L E ,

ASSESSED V A L U A T IO N .—The city’s assessed valuation (about
the actual value) and tax rate have been as follows, real estate being
taken at about cash value.

Years.
1898..
1-97..
1896..
1895..
1890..
1880..

■Assessed Valuation.Bate o f Tax
Beal.
Personal.
Total.
per $1,000.
$46,957,500
$2,723,925
$50,681,425
$17*90
. 46,363,625
3,867,375
50,231,000
17*30
. 45,224,800
3,788,250
49,013,050
15*40
. 42,879,900
3,574,000
46,453.900
15*40
. 29,981,700
2,575,800
32,557,500
14*00
18,393,200
2,064,900
20,458,100
19*10

P O P U L A T IO N .—In 1898 population was estimated at 6 0,000;
1890 it was 40,152 ; in 1880 was 24,933 ; in 1870 was 14,685.

in

S O U T H B R I D G E . — J ohn A. H all , Treasurer.

This town is in Worcester County.
LO ANSWhen Due. Tax valuation, r e a l ___$2,764,434
The town has no bonded debt.
Tax valuation, pers’l . ..
822,738
School-house notes 4 s.......$30,000 Total valuation 1897... 3,587,172
Sewer notes 4s................... 15,880 Assessment about 23 actual value
Armory and engine-house
Tax rate (per $1,000) ’97.. .$15*40
notes 4s.......................12,000
Population in 1897 was.........*,250
Loans due Nov. 1, 1898... 50,000 Population in 1890 was.........7,655
Total debt April 2 ,1 89 8 .. 57,880 Population in 1880 was.........6,464

29

o~ i—,]—, t a t /-» 'c ' t t t t 1—\
5 HENRY 8. DICKINSON, Mayor,
Or"^Jrv.liN L jJr I C j Lj U . — ( e . t . TIFFT, Treasurer.
This city is in Hampden County.
-Principal,------------ '
LO A N S—
— Interest,— ,
When Due.
Outstand'g.
N A M E A N D PU R PO SE.
P.Ol. Payable.
$50,000
City buildings, g’d, 1892... 4g J & J
July 1, 1902
3.500
City notes engine house,’96. 4
..........
Nov. 1, 1898
5.000
do
do
1896. 44
..........
Nov. 1, 1899
5.500
do
do
1896. 4
..........
Nov. 1. 1900
do (fire apparatus, etc.) q ,
5 Aug. 1,’9 9 to 1900)
12,000
.......... I $6,000 yearly. 5
1896.
20,000
Engine house bonds...1891 4
M& S
Sept. 1, 1901
Fire Dept, bonds, reg. 1894 4
29.000
June 1, 1904
June
6.000
do
do reg. 1894 4
Nov. 1, 1904
Nov.
School bonds, g’d, reg. ’93 4 g J & J
25.000
June 1, 1903
do
do
35.000
g’d, reg. ’95. f g A & O
Oct. 1, 1915
do
do
g ’d, reg. ’ 97. 4 g J & J
350,000
Jan. 1, 1927
1899 to 1917 )
do
do
'g’d, reg. ’97. 4 g J & J $4,500
85,500
annually. 5
.fc JT 5 July, 1899 1918)
do
do
g’d, r e g .___ 3»ag J <
174.000
® J ( $8.700 yearly. $
8ewer bonds............1891.. 4
70.000
J & J
July 1, 1906
do
do g’d, 1892.... 3k*g M & N
35.000
May 1.1907
35.000
Improvement bonds g., ’ 97. 3iflg F & A
Aug. 1, 1907
July, 1899-1908 )
do
40.000
do
gold, reg. 313g J & J 5
( $4,000 yearly. 5
Apr. 1, 1899 ) 100.000
Water bonds .......1873-74.. 7
A & 0 (S$25,000
yearly. >
do
do .......1873-74.. 7
775.000
A <fe O
Apr. 1, 1903
do
do ............ 1875.. 6
200.000
A <fe O
Apr. 1, 1905
do
do gold ... 1893.. 4 g A & O
200,000
Apr. 1, 1913
do
do gold ... 1893.. 4 g A & O
150.000
Oct. 1, 1923
do
do g o ld ...1890.. 313g A <fc O
125.000
Oct. 1; 1920
Temporary loan__ 1898..
400.000
Nov. 9, 1898
PAR V A L U E OF BO N D S. —The bonds are all for $1,000 each.
IN T E R E S T payable at First Nat. Bank, Boston and City Treasury
T O T A L D E B T ,S IN K IN G FUNDS, Etc —
Sept. 1, ’98.
Dec. 10, '97.
Total bonded debt (including water debt)___$2,530,500
$2,358,500
Total indebtedness, includ’g current liabilit’s 2,930,500
2,401,498
963.485
933,956
Sinking funds and other assets.......................
Net debt.........................................................$1,967,015
$1,467,542
$1,575,000
Water debt, included above............. ................$1,550,000
C IT Y P R O P E R T Y .—The city values its property at $4,930,027
including $1,934,617 for property of water department. In year
1897 water receipts were $216,603; payment for construction and
repairs, $73,705; interest on water loans, $94.250; balance to be
credited to the sinking fund, $47,647.
ASSESSED V A L U A T IO N .—Real estate is taken at about 85 per
cent cash value:

------------------ A ssessed Valuation
-- y ■ ■-x
Tax per
Years.
Beal.
Personal.
Total.
$1,000
1898............. .. $52,022,570
$13,677,143
$65,6 -*9,913
$13*80
1897............. .. 50,344,460
14,553,919
13*00
54,898,319
1896............. .. 48,344,280
13,071,811
12*80
61,416,091
1895............. .. 46,063,460
12,969,681
59,033,141
12*20
1894 ........... .. 44,083,900
12,365,525
12*00
56,449,425
1893............. .. 42,975,820
12,264,099
12*80
55,239,919
1892............. .. 39,444,580
13*00
11,336,407
50,780,987
1891............. .. 37,219,490
11,110,144
12*50
48,329,634
1890............. .. 33,795,860
10,697,773
44,493,633
12*40
1889............. .. 32,000,680
10,072,895
42,073,573
13*00
1888............. .. 30,323,140
9,540,115
39,863,255
13*60
Taxation in 1897 includes State tax, $0*48; county tax, $0*98; city
tax, $11*54; total, $13*00 per $1,000.
P O P U L AT IO N .—State census 1895 was 51,534. In 1890 popula
tion was 44,179; in 1880 it was 33,340; in 1870 it was 26,703.

C I T O M 1 7 W A T\/T
5 F* E* NICKERSON. Treasurer.
X L r l A I V 1 . — l GEO. N. GREEN, Clerk.
This town is in Middlesex County.
LO A N S —
When Due.
T own Notes—(Con.)
A rmory L oan 4s, J&D, $5 ,00 0 ....Dec. 1,1905
48, J&J, $6,000 .July 18, ’ 99 to ’04 4s, J&D,
5 ,0 00 ....Dec. 1, 1906
($1,000 due yearly.)
Tot. bond, debt Feb. 1,’98 $99,000
Sewer B onds52,000
Floating debt..................
48, J&D, $95,000. June 1, ’99 to ’ 21 Total debt Feb. 1 ,1 89 8 .. 151,000
($4,000 due yearly to 1917, then Tax valuation, real........ 4,437,262
$5,000 yearly.)
Tax valu., personal........ 438,110
Town Notes—
Total valuation 1897___ 4,875,372
4^8, J&J, $5,000..Jan. 9,1899 Assess’t 80 to 90% of actual value.
4s, J&D, 10,000.. June 10,1900 Total tax (per $1,000), ’97.$17*60
4s, F&A,
5,000..Feb. 20,1901 Population in 1895 w as........ 6,278
4s, J&D, 10,000..June 9,1902 Population in 1890 w a s ......6,155
4s, J&D, 5,000.. June 1,1904
IN T E R E S T on sewer bonds and on the town notes, due in 1904
1905 and 1906, is payable at Boston; on all other loans at Stoneham

S U F F O L K . C O U N T Y . — See City of Boston.

T A T TTvJ’T O T S J
i NATHANIEL J. W. FISH, Mayor.
1
iN 1
— (EDW ARD H. TEMPLE, Treasurer.
This city is in Bristol County.
LO ANS—
When Due.
W ater B onds—
1 When Due
City B onds4s, J&J, $12,000.........July 1,1904
48, J&D, $6,700..... June 1,190) 4s, J&J,
1,700.........July 1,1905
4s, J&D,
15,000..... June 1,1903 4s, J&J, 2 7 ,0 0 0 ......July 1, 1906
4s, J&D,
19,000.....June 1,1904 4s, J&J,
5,000 .......July 1,1908
4s, J&D,
30,000.....June 1,1904 4s, J&J, 15,000.........July 1,1909
4s,
J&D,
63,325.....June 1,1905 4s, J&J, 45,000.........July 1,1910
S O U T H H A D L E Y . — Hampshire County.
15,000.....June 1,1906 4=8, J&J, 38,000.........July 1,1911
LO ANSAmount. I Tax valuation 1897.......$2,072,297 4s, J&D,
5,000.....June 1,1911 4s, J&J, 45,000.........July 1,1917
Total debt May 1 ,1 89 7 .. $59,913 I Total tax (per $1,000) ’97. $18*50 4s, J&D,
4s,
J&D,
15,000.....June 1,1913 4s, J&J, 536,500.........July 1,1922
Sinking fund.....................
5,326 I Population in 1895 w a s ......4,463
21,000.....June 1, 1914
Municipal Notes—
Net debt May 1,1897...... 54,587 I Population in 1890 was........ 4.241 4s, J&D,
4s, J&D,
62,000.....June 1, 1915 4s,
. . . . , $29,850....1898-1901
4s, J&D,
46,800.....June 1,1916 Total debt Sept. 23, ’98.$1.454,575
4s, J&D,
45,000.....Dec. 1,1906 ¡sinking funds, etc..........
S P E N C E R . — E rastus J ones, Town Treasurer.
161,032
Fire Station B ondsThis town is in Worcester county.
NetdeotSept. 23,1898. 1,293.543
48, J&D, $11,500.......June 1,1908 Water debt (included)..
725,200
LO A N S —
When Due. Bonded debt Jan. 1,1898.$289,000
School B onds—
Wat. sink, fund,Dec.,’97.
80,042
General D ebt B ondsFloating debt.................... 67,500
---- , $27,000....... June 1,1917 Net wat. debt, Dec., ’»7.
625,158
46, J&J, $12,000........ July 1,1900 Total debt Jan. 1 ,1 89 8 .. 356,500 4 sE,lectric
-L
ight B onds —
Net
“
municipal”
debt,
Sew er B ondsSinking fund..................... 105,169 4, J&D, $125,000....... June 1,1927
December, 1 8 9 7 ......
613,713
48, J&J, $17,000........ July 1,1904 Net debt Jan. 1,1898....... 251,331 4
s ,....,
7,500........ June 1,1917 Assessed valuation ’98.20,308,410
4 s ,........ 19,000.......1899 to 1917 Population in 1895 w as........ 7,614 4s,
J&D, 3,500....... June 1,1918 Assessment abt. 90% actual value
Water B onds—
Population in 1890 was........ 8,747
Sew er B ondsTax rate (per $1,000) 1898.$18*60
4s, J&J, $240,000...... July 1,1914
48, J&D, $83,500.......June 1, 1927 Population in 1890 was...... 25,448
IN T E R E S T on the bonds payable in Boston by the Boston Safe 4s. J&D, 1 6 ,5 0 0 .....June 1,1928 Population in 1895 was...... 27,115
Deposit & Trust Co.
Street I mprovement —
Population 1898, est__
30,000
ASSESSED VALU ATIO N in 1897 w as: Real estate, $2,769,320; 4s, J&D, $60,000___June 1,1901
$881,640: total. $3,650,960; total tax rate (per 4s, J&D, 15,000....... June 1,1907 j
$1,000), $20*00. Property is assessed at about two-thirds its actual
IN T E R E S T — W H E R E P A Y A B L E — Coupons are payable at the
value.
Atlas Nat. Bank of Boston. Reg. interest is remitted by City Treasurer




T U R N E R S

Vol. LXV 1I

CITY

30
F A L L S .—

Turners Falls is a partf of the town of Montague, Franklin County,
but is separate for water and lire purposes.
$4,860
LO A N S—
When Due. Sinking funds..................
Net debt Jan, 1 ,1 8 9 8 .... 75,140
W ater B onds—
Tax
valuation,
rea
l.........2,088.875
4s, M&8, $15,000.Sept. 1,1901
Tax valuation, personal
596,325
4s, M&S, 15,009.Sept. 1,1906
Total valuation 1897... 2,685,200
4s, M&S, 25,000.Sept. 1,1911
4s,M&S, 2 5 ,0 0 0 .....Sept. 1,1916 Assessment about »3 actual value.
Total debt Jan. 1,1898....$80,000 Total tax (per $1,000)........... $1'90
IN TER EST is payable at the Howard National Bank, Boston, Mass.
T A X FREE—All loans issued by this district exempt from axation.

W ' A K . E F I E L D . — T. J. Sk in n e r , Treas.
This town is in Middlesex County.
School L oan—(Con .)
L O A N S—
When Due.
4s, A&O, $14,000.Oct. 1, ’98 to ’ 12
Municipal L ight L oan48, A&O $171,000 .Oct. 1,’98 to ’24 4s, A&O, 30.000 Oct. 1, ’98 t o ’ 13
Total debt Mar. 1,1898.. $260,500
A rmory L oan—
4s, F&A. $12,000........Dec. 1,1900 Tax valuation, real........ 6,227,375
($3,000 due yearly) to Dec. 1,1904 Tax valuation, personal. 924,405
Total valuation 1897— 7,231,705
F unded L oan17-40
48, J&D, $2,500___ Dec. 1, ’ 99-’04 Total tax (per $1,000) 97.
Population in 1895 w as........ 8,309
School Loan48, M&N, $28,OOO.Nov. 1,’ 98 to ’02 Population in 1890 was........ 6,982
IN T E R E S T is payable at the Howard National Bank.

W A Y L A N D . — H enry F. L ee , Treasurer. .
Middlesex County.

L O A N S—
When Due.
R efunding Bonds48............ $11,000.....................1913
4 s , .......... 44,500................... 1918
Bonded debt Jan. 1, ’ 98..$101,700
Floating debt.................... 22.000
Total debt.......................... 123,700

Sinking fund a ssets....... $16,000
Net debt Jan. 1.1898....... 107,700
Tax valuation in 1897.. 1,527,205
Assessment about ?t actual value.
Total tax (per$1.000) ’ 97...$16-00
Population in 1895 w as........ 2,026
Interest is payable in Boston.

W E B S T E R .— 0 . Sh u m w
Webster is in Worcester County.
LO A N S—
When Due.
W ater Loan 1893—
4s........... $111,000....................1923
Optional after 1913.
Total debt Jan. 1,1898..$115,000

at

. Treasurer.

Tax valuation 1897 . . . .$3,272,171
Tax rate (per $1,000) 1897.$12-50
Population in 1896 (est.) ....7 ,8 0 0
i Population in 1895 was........ 7,788
I Population in 1890 w as........ 7,031

W E L L E S L E Y — A lbert J e n n in g s , Treasurer.

This town is in Norfolk County.
LO AN S—
When Due.
LO A N S—
When Due.
W ater W orks—(Con.)
B uilding R oad , E tc.
4s, J&D, $10,000...Dee. 30,1899 4s, M&S, $15,000.......1903 to 1910
($2,000 annually to 1909 and
4s, J&D,
9 ,0 0 0 ...Dec. 1,1900
$1,000 in 1910.)
4s, J&D,
5 ,0 00 ...Dec. 1,1901
A T
XT'
) F. O. PILSBURY, Treasurer.
4s, M&S. $15,000............ 1913-1920
VV A L P O L E . — \ g . E. MOREY, Clerk.
E lectric-Light P lant($2,000
yearly to 1919 and
48, M&S, $9,000...... Sept. 1,1899
This town is in Norfolk County.
$1,000 in 1920.)
LO A N S—
When Due. Total debt Aug. 1,1898.. $118,979 ($1,000 due y’rly) to Sept. 1,1907
4s,
A&O,
$6,000 Oct. 1,1912
Tax
valuation,
rea
l........
1,975,850
4s, M&S, $6,000..........1900-1905
School Note 4s, M&S,
18,000_Sept. 1,1913
($1,000 yearly on Mar. 1.)
48, M&N, $8,500........ Nov. 2,1906 Tax valuation, personal. 457,221
4s.
M&S,
9,000_Mar. 1, 1914
School H ouses—
3*28......... 4,000....... July 13,1899 Total valuation 1898---- 2,433.071
3*28......... 2,50 b........July 13,1900 Total tax per $1,000, ’98-----$17‘40 4s, J&D, $ 8 ,0 0 0 ....Dec. 1, 1902 4s,M&S, 1 40,000-...Mar. 1, 1915
4s,
M&S,
9
,0 0 0 ....Mar. 1,1916
Population in 1895 w as.........2,994 4s, M&S,
4 ,000... .Sept. 1,1903
W ater Bonds
4s, F&A, $100,000.. 1901 tol925 Population in 1890 w as.........2,604 4s, M&S, 9 ,0 0 0 ....Sept. 1,1904 Bonded debt, Jan. 1, ’98. $362,500
Water
debt
(included)..
271,000
Population in 1880 was.........2,494 ($4,500 due y’rly) to Sept. 1,1905
($4,000 due yearly on Aug. 1.)
40,000
4s, M&S, 16.000... .Sept. 1,1899 Floating debt..................
Water note, $1,479.1?.Mar. 17, ’99
($2,000 due y’rly) to Sept. 1,1906 Total debt....................... 402,500
do 3*28 2.500..July 13,1900
Sinking
fund
assets—
121,305
4s,
M&S,
$1,000...........
Mar.,
1899
IN T E R E S T is payable at the Nat. Bank o f Redemption, Boston
4s, M&S, 4,400........... Sept., 1899 Net debt, Jan. 1 ,1 89 8 ... 281,195
Temp, loan, due Nov.,’98
10,000
Waterw orks —
t t t a t r-p-i- t a ii Jr
5 G. L. MAYBERRY, Mayor.
4s, J&J, $ 7 ,0 0 0 ....Jan. 1,1900 Tax valuation re a l..___4,801,925
W AAi_i 1 r l A 1V1.— ) e . J. SANDERSON, Treasurer.
4s, J&D,
5 ,0 0 0 ....Dec. 16,1907 Tax valuation personal. 2,597,875
This city is in Middlesex County.
4s, M&N, 5 ,000... .Apr. 28,1908 Total valuation 1897__ 7,399.800
Sewer B onds (Con.)—
LO A N S —
When Due.
A&O,
5,0 00 ....A pr. 1,1909 Assessment % actual value.
4s, A&O, $50,0 0 0 ....Apr. 1,1921 4s,
City Bonds4s,
M&S, 10,000...Sept. 1,1908-9 Total tax (per $1,000) 1897.11*00
48, J&J, $28,000.... Jan. 1,1899 4s, J&J, 10,000.... July 1,1902 4s, M&N, 6 ,0 0 0 ....Nov. 12,1910 Population in 1896 w as........ 4,325
4s, J&J, 2 8 ,0 0 0 ....July 1,1899 4s, J&J, 2 5 ,0 0 0 ....July 1,1922 48, J&D, 6 ,0 0 0 ....Deo. 30,1911 Populationin 1890 was..........3,600
4s, J&J, 1 9,000.... Jan. 1,1900 4s, J&J, 15,000... .Deo. 31,1922 4s, M&S, 12,000 . . 1899 to 1902
4s, J&J, 3 0 ,0 0 0 ....Jan. 1,1901 4s, A&O, 10,000....Apr. 1,1923
($3,000 annually.)
4s, J&J, 3 1 ,0 0 0 ....July 1,1901 4s, A&O, 5,0 00 ....O ct. 1,1923
7,000....Jan . 1,1927
IN T E R E S T is payable by the Boston Safe Deposit & Tr. Co., Boston.
4s, J&J, 2 5 ,00 0 ....Jan. 1,1902 4s, J&J.
Water B onds4s, J&J, 26.00 0 .... July 1,1902
4s, J&D,
8 ,0 0 0 ....Deo.31,1202 48, J&D, $ 75,000.... Dec. 1,1898
9.000.
. . . Apr. 1,1906
4s, J&J,
3,000... .Jan. 1,1906 4s, J&J,
W E S T B O R O . — 0 . K . N ewton , Treas.
6.000.
. . . Jan. 1,1907
4s, J&J,
3 ,0 0 0 ....Jan. 1,1912 4s, J&J,
4s, J&J,
2 ,0 0 0 ....July 1,1912 4s, J&J, 12.000. .. . July 1,1907 This town is in Worcester County.
4s, J&J, 2 5 ,0 0 0 ....Jan. 1,1904 4s, J&J, 24.000. .. . July 1,1908
Sew er B ondsLO ANSWhen Due.
48, J&J, 2 7 ,0 0 0 ....July 1,1904 4s, J&J, 20.000. . . . July 1,1909
48...........$ 3 1 ,0 0 0 .................... 1922
4s, A&O,
5 ,0 0 0 ....Apr. 1,1924 4s, J &J, 35.000. .. . July 1,1911 M unicipal D ebt—
10,000..................... 1926
4s, J&J, 3 0 ,0 0 0 ....July 1,1905 4s, J&J, 28.000. . ..July 1,19123®ssto 4*28, var.$15,300.’96tol901 4s...........
(Interest payable in Boston.)
Water B onds.. . Jan. 1,1913
4s, J&J, 11,000.... Jan. 1,1906 4s, J&J, 24.000.
debt JaD. 1,1898. $195,300
4s, J&J,
6,0 00 ....Jan. 1,1916 4s, A&O, 1 2 5 ,0 0 0 ....Apr. 1,1913 58, M&8, $55,000....Sept. 16,1908 Total
debt (included)..
122,000
4s, J&J, 3 1 ,0 0 0 ....July 1,1906 4s, J&J, 2 0 ,0 0 0 ....July 1,1913 4s, M&S, 3 5 ,0 0 0 ....Mar. 1,1908 Water
Sinking fund..................
55,547
4s, J&J,
5 ,0 0 0 ....July 1,1916 4s, A&Ö, 10.000. . . . Apr. 1,19144s, M&S, 2 0 ,0 0 0 ....Sept. 16,1916 Tax
valuation
1897___
2,812,593
4s,
M&S,
2
,0
0
0
....Sept.
16,1919
4s, J&J,
5 ,0 00 ....Jan. 1,1907 4s, A&O, 10.000. . .. 0 . t . 1,1914
Assessment
is
*5
actual
value.
4s..........
5.000......................
1920
10.000.
..
.
Apr.
1,1915
4s, J&J,
1 ,0 0 0 ....July 1,1907 4s, A&O,
5 .0 00 ......................1925 Total tax (per $1,000) ’97.. $16-40
4s, J&J,
4,0 00 ....Jan. 1,1908 4s, A&O, 10.000. .. . Apr. 1.19164s..........
Population tn 1896 w as........ 5,235
L ibrary N otes—
. . . Apr. 1,1917
4s, J&J,
3 ,0 0 0 ....Jan. 1,1918 4s, A&O, 30.000.
Bonded debt July 1 ,’98.$1,226,000 4s ....,$ 5 ,0 0 0 ..............1904-1905 Populationin 1890 w as........ 5,195
P ublic Park B onds366,984
48, A&O, $20,000... .Oct. 1 , 1923 Sinking funds...............
Net debt July 1 ,1 89 8 ..
859,016
Surface D rainage B onds448,000 W E S T B O Y L S T O N . — G. F. H owe , TreasY
48, J&J, $ 85,000.... Jan. 1,1909 Water debt (included)..
4s, J&J, 15,000 ...Jan. 1,1910 Assessed valu’tion, real.14,339,500
This town is in Worcester County.
4s, J&J, 1 0 .0 0 0 ....July 1,1912 Assessedvalu’tion, per’l 4,489,524
$20,000
LO ANSWhen Due. Total debt Feb. 1 , ’98...
Total valuation 1898...18,829,024
Sew er B ondsTax valuation, real.......
976,987
T own Notes—
48, A&O,$120.000......... 1899-1902 Tax rate (per $1,000) ’ 98...$16-00
. . . . . . $10,000....
1904 Tax valuation, personal 290,408
($30,000 yearly on Apr. 1.)
Population in 1890 tyas___18,707 4s,
J&D, 2,500___ Dec. 4,1899 Total valuation 1897 .. 1,267,395
4s, A&O, $50,000___Oct. 1,1911 Population in 1898 was___22,000 4s,
J&D, 2,500___ Dec. 4,1900 Assessment same as actual value.
IN T E R E S T is payable at the Boston Safe Deposit & Tr. Co., Boston. 4s,
4s,
.......
5,000.................. 1905 Total tax (per $1,000) ’97.. .$17-00
Population in 1896 w as__ ..2,969
Interest payable at Worcester.
Population in 1890 was........ 3,019
" W A R E . — A. F. R ichardson , Treasurer.
This town is in Hampshire County.
LO A N S—
Amount. Total debt, Nov. 1,1897. $118,850 W ^ E S T F I E L D . — C. N . O akes , Town Treasurer.
High School loan, 4s....... $24,000 Water loan (ino. ) .............
52,200
This town is in Hampden County.
One-8 year loan............... 12,500 Tax valuation in 1898. ..4,136,835
Tax
rate
(per
$1,000)
1898.$19-30
Sewer loan, 4s.................. 34,250
LOANS—
When Due.
LO AN S—
When Due. I
One & live-year loans, 4s
4,400 Population in 1897 was.........7,651
W ater Bonds—(Con.)
A cademy B onds—
Macadam road l o a n ...... 14,400 Population in 1890 was.........7,329
$6,000.....Oct. 1,1899
3*28, July, $8,000........July 1,1899 4s, A&O,
6,000.....Oct. 1, 1900
($4,000 due yearly) to July 1,1900 4s, A&O,
4s, A&O,
49,500.....Oct. 1,1901
B ridge B ondsW A R R E N — C. B. Blair , Town Treasurer.
($5,500 due yearly) to Oct. 1,1909
48........... $1 2 ,6 0 0 ....Oct. 1, 1899
This town is in Worcester County.
($1,800 due yearly) to Oct. 1,1905. 4s, A&O, $22,500........ Oct. 1,1899
LOANS—
When Due. Floating debt.................. $16,132
($2,500 due yearly) to Oct. 1, 1907
School Notes—
T own N otes—
Total debt Mar. 1,1898.
35,732 4s. A&O, $4,200.................. 1900 4s, A&O, $97,000.......1899-1927
4s, ..........$4,500........1899 to 1903 Cash assets.......................
8,608 3*28, A&O, 2,000...... Oct. 1, 1899 ($3,000 yearly on Oct. 1 to 1907,
($900 due yearly on Feb. 1.)
Tax valuation 1897.........2,439,742 5s, ......... 1 4 ,4 0 0 ....Sept. 1,1899
and then $3,500 yearly.)
4 s , ........ , $1,000....... Mav 1,1899
Assessment about % actual value. ($1,800 due yearly) to Sep. 1,1906. Total debt Feb. 1,1898.. $263,390
4 s , ........ , $1,000....... 1899 to 1900 Total tax (per $1,000) 1897.$14-50
Water debt (included)... 130,000
Sewer Notes—
($500 due yearly on Mar. 1.)
Population in 1895 w as........ 4,424 4s, A&O, $5,000....Jan. 1,1908 Tax valuation 1898___..8,116,000
4 s , ........ , $4,900....... 1899 to 1905 Population in 1890 w as........ 4,681 3*28, A&O, 4 0 ,0 0 0 ....Oct. 1,1899 Assessment about »in actual value.
($700 due yearly on July 1.)
($5,000 due y’rly) to Oct. 1,1906 Total tax (per $1,000) 1898.$18-00
4s, ..........$10,000 . ..1909-1910 Population in 1895 was....... 10,659
Population in 1890 w as.........9,805
($5.000 due yearly.)
W A T E R T O W N . — S. S. Gleason , Treasurer.
Population in 1880 w as.........7,587
W ater B onds—
This town is m Middlesex County.
4s,
A&O,
$20,000........
Oct.
1,1899
T own Notes—
LO A N S —
When Due.
($5,000
due
yearly)
to
Oot.
1,1903
B ridge Notes—
4s, J&J, $5,000.... July 1,1904
In place of a sinking fund the town pays off $33,800 of debt yearly.
4*28, J&J, $ 5 ,0 0 0 ....July 1,1902 4s, M&N, 1 1 ,0 0 0 ....Sept. 1,1904
4*28, A&O, 5 ,0 0 0 ....Apr. 1, 1902 4s, A&O, 14,000.... Apr. 1, 1905
I N T E R E S T o** the water bonds is payable at Boston; on all other
4*28, J&D, 5 ,0 0 0 ....Dec. 1,1902 48, F&A, 24,000... 1899 to 1906 loans at Westfield.
School H ouse Notes—
($3,000 due yearly on Aug. 1.)
4s, M&S, $32,000.. .Sept. 1,1899 4s, F&A, $30,000..Aug. 1,1907
($2,000 yearly) to Sept., 1914 4s, F&A.
6,000..Dec. 1,1907 W E S T S P R I N G F I E L D — F . H . Sibley , Treas.
4s, M&S, $11,000... Sept. 1,1904 Bonded debt Mar. 1 ,1898.$293,000
This town is in Hampden County.
4s, Ann., 40,000__ 1899 to 1908 Floating dbt. (duein Nov.) 150,000
LO A N S—
When Due. R efund’ g Sch’ l H ouse & Sewers
Tax valuation, r e a l__ -.8,184,100
Sew er notes —
4s, M&N, $ 5 0 ,0 0 0 ....May 1, 1928
G eneral P urposes—
4*28, J&J, $54,500...July 1,1898 Tax valuation, personal. 1,610,958
5s,
$24,000.................
May
5,1899 Temporary loan, $30,000___1897
(Part due yearly) to July 1,1901 Total valuation 1897___ 9,795,058
valuation 1897........ 4,542,422
4*28, J&J, 10,000___Jan. 1,1901 Total tax (per $1,000) ’97 $15-20 ($1,000 due yearly) to May 5,1922 Tax
tax (per $1,000) ’ 98.
14*80
4*28, J&D, 5 ,0 0 0 ....Dec. 1,1899 Population in 1895 was........ 7,788 4s, A&O, $20,000.......Oct. 1, 1899 Total
Populationin 1895 w a s.....6,1 2 2
4*28, J&D, 5 ,0 0 0 ....Dec. 1,1901 Population in 1890 was........ 7,073 ($1,000,due yearly) to Oct. 1,1918 Population
in
1890
w
as........
5,077
4s,
$165,000.............................
1927
4*28, J&J, 1 ,0 0 0 ....Jan. 1,1903
4s, M&N, 70,000... .Nov. 1,1906
I N T E R E S T on the $25,000 of bonds is payable by the N. Eng. Trust
Co. Boston; on the $20,000 of bonds at the Third Nat’l Bank, Boston.
IN T E R E S T is payable at the Fourth National Bank,Boston.




W E Y M O U T H . — J. H . Stetson, Treasurer.
The town Is in Norfolk County.
LO AN S—
When Due.

W ater B onds—(Con )
4s, M&N,
$8,000... .May 1,1926
Town debt, Jan. 1,1898. $92,233
School debt Jan. 1,1898.
50,000
Water debt Jan. 1,1898. 445,000
W a t e r B o nd s—
Sinking fund.................... 103,694
48, M&N, $300,000....Nov. 1,1914 Net water debt, J a n .l,’ 98 341,305
4s, M&N, 50,000....Nov. 1,1917 Tax valuation, real........ 5,334,420
4s, M&N,
21,000....Nov. 1,1919 Tax valuation, personal.1,275,184
4s, M&N,
29,000... .Nov. 1,1920 Total valuation 1897...... 6,609,604
4s, M&N,
15,000....Nov. 1,1921 Property assessed at actual value.
4s, M&N,
13,000....May 1,1924 Tax rate (per $1,000) ’97.. .$20-30
4s, M&N,
4,000....May 1,1925 Population in 1895 was.......11,285
4s, M&N,
5,000... .May 1,1927 Population in 1890 was.......10,866
IN T E R E S T on the floating debt is payable at the Town Treasurer’s
office; on all other loans at the Nat. Bank of the Republic, Boston, Mass.
F

l o a t in g

D

ebt—

var., $92,233.......... . ...........
School Bonds48, J&J, $50,000.......July 1,1907

\ X 7 'W T rT A/T A -nt
SGEO. D. SOULE, Chairman Assessors.!
VV n i 1 IV± Av IN .— ¿ALBERT DAVIS, Treasurer.
This town is in Plymouth County.
LO AN S—
When Due. Tax valuation, real......$3,093,481
School B onds—
Tax valuation, person’l. 561,288
....,$ 2 2 ,0 0 0 ................................ Total valuation 1897... 3,654,769
So. A bington Water B onds—
Assessment same as actual value.
4s, M&S, $100,000..................1912 Tax valuation 1 8 9 0 ___ 3,104,640
Interest payable in Boston.
Tax rate (per $1,000) ’97___ $18-00
Total debt Jan., 1898....$122,000 Population in 1890 was........ 4,441
Sinking funds, etc............ 26,666 Population in 1897 w as.........5,978

-0. S. Cole, Treasurer.
This town is in Berkshire County
LO A N S —
When Due. Tax valuation, real........ $2,415,080
R efunding Notes—
Tax valuation, pers’l....
373,066
33*8, F&A, $30,000.......1899-1913 Total valuation 1897... 2,788,146
($2,000 yearly on Aug. 1.)
Assessed valuation 85% actual vai.
3%s, F&A. $ 3 1 ,0 0 0 ....Aug., 1907 Total tax (per $1,000) ’97..$16-25
Temnorory loan,$3,000.Nov., 1898 Population in 1895 w as........ 4,886
Total debt Feb. 1,1898.. $66,000 Population in 1890 w as........ 4,221
IN T E R E S T on the 5 per cent loan is payable at the Williamstown
National Bank ; on the 33i per cent loan in Boston.
W IL L IA M S T O W N .

\ A IT ~ M P T TTT1d rT lT71T~?
5 THOMASS. SPURR, Treasurer.
W I I N O r l r L O I n . r t . — ¿ALBERT AYE K, Clerk.
This town is in Middlesex County.
LO A N S —
When Due.
LOANS—
When Dae.
P layground B onds—
W ater B onds4s......... . $50,000..Dec 1 ,’ 15 t o ’ 24 48, Var’s, $342,000... 1899 to 1926
($5,000 due yearly.)
(Part due each year.)
School L oans—
4s, J&D, $33,000....Ju n e l , ’ 26-’ 28
4s............ $20,000.Nov. ,’98 to 1901 Total debt Jan. 1,1898.. $522,500
($5,000 due yearly.)
Float’g debt (included).. 31,500
Sew er B onds—
Water works, value........ 330,000
4 s , ........ $30,000............ 1917-1922 Tax valuation, real........6,428,145
($5",000 due yearly.)
Tax valuation, personal. 854,290
4s.......... $50,000. .Dec. 1,’ 18 to ’ 22 Total valuation 1897___7,382,435
($10,000 due yearly.)
Assessment about % actual value.
4 s , ........ , $20,000.. Dec. 1, ’ 23-’ 24 Tax rate (per $1,000)’97.
$15-40
($10,000 due yearly)
Population in 1895 was.
6,140
H ighw ay Bonds—
Population in 1890 was.
4,861
4s, J&D, $14,000.......... 1902-1904 Population in 1880 was.
3,802
($5,0<>0 Dec. 1, 1902; $2,000 in
1903 and $7,000 in 1904 )

W I N T H R O P . — This town is in Suffolk County.
LO A N S —
When Due.
T own B onds58..............$34,500................... 1907
NOTES"
3%s, 4s & 5s, $67,400... 1897-1905

Total debt Jan., 1898__ $142,029
Tax valuation 1897.........6,054,590
Tax rate (per $1,000)’97.
$15-30
Population in 1896 was.........3,889
Population in 1890 w as.........2,726

W D R T T R 1\T
5 J- p - FEENEY, Mayor.
XY V P K
’ — l CHARLES A. JONES, Auditor.
This city is in Middlesex County.
LO A N S —
When Due.
When Due.
LOANSA lmshouse and Court H ouse—
Street L oan—
4s, M&N, $8,000___Sept. 1, 1899 4s, A&O, $3,000.......... Oct. 1,1899
($2,000 due y’rly) to Sept. 1,1902
($1,000 due y ’rly) to Oct. 1,1901
4s, . . . . $1,000........... Jan. 1, 1899
Sew er D ebt—
F ire D epartment L oan4 s ,. . . . $2,500..............Jan. 1,1899
48, J&J, $2 ,50 0 ......... July 1,1899
($500 due yearly) to Jan. 1, 1903
($500 due yearly to) July 1,1903 4s, A&O, $22,000.......Aug. 1,1899
M unicipal L oans—
($2,000 due y’rly) to Aug. 1,1901
4s, A&O, $2,000.........Oct.1,1899
4s, M&S, $3,000___Sept. l , ’98-’03
($1,000 due yearly) to Oct., 1900
($500 annually)
4s, J&D, $3,500......... Dec.1,1898
Water D ebt—
($500 due yearly) to Dec. 1,1904 4s, A&O, $L,200.......... Oct. 1,1899
P ublic P ark L oan ($600 due yearly) to Oct. 1 , 1900
48, A&O, $1,400........ Oct. 1, 1899 4s, J&J, $ 7 0 ,0 0 0 ....July 1, 1899
($700 due yearly) to Oct. 1, 1909 ($10,000 due y’ ly) to July 1, 1905
P ublic P roperty L oan4s....... $36,000.............July 1, 1899
48, . . . . $2,500..........April 1, 1899 ($6,000 due yearly) to July 1,1904
($500 due yearly) to April 1,1903 4 s , ........ $6,000..........Apr. 1, 1905
4s, A&O, $1,000.......... Oct. 1, 1899 4s, A&O, 50,000......... Apr. 1,1899
SCHOOLHOUSE LOANS—
($10,000 dub y rly) to Apr. 1,1904
4s, A&O, $2,800........ Oct. 1, 1899 4s, A&O, $9,000...........Apr. 1,1904
($1,400 due yearly) to Oct. 1,1900 4s, M&N, 1 ,0 0 0 ........ May 1,1899
4s, A&O, $6,000......... Oct. 1,1899 |Tax valuation 1897....$9,819,276
($2,000 due yearly) to Oct. 1,1901 |Assessment same as actual value.
4s, J&J, $9,000........ June 1,1899 I Tax rate (per $1,000) ’97...$18 90
($1,500 due y’rly) to June 1,1904 |Population in 1890 w a s .... 13,499
INTEREST on water 6s payable in Boston; onall others in Woburn,
T O T A L DEBT ETC.—The city’s net debt on January 1,1898, was
$419,700, including water debt.
PO PU LATIO N . Population in 1895 was 1 4,176; in 1890 was
1 3,4 9 9 ; in 1880 wa 10,9 3 1 ; in 1870 was 8,560.
\KJO R r^ .T T C lT ^ n r'U ?
5 RUFUS B. DODGE. J r ., Mayor.
XX . F
t
1
— (W ILLIAM S. BARTON, Treasurer.
This city is in Worcester County.
LO A N S — .
When Due.
LO AN S—
When Due.
F unded City L oans—
Funded City L oans—(Con.)—
5s, A&O, $200,000 ...A pr. 1, 1905 4s, A&O, $ 300,000....Apr. 1,1907
48, A&O,
75,000--Apr. 1,1901 4s, A&O, 350,000....A pr. 1,1927
48, A&O,
500,000_Apr. 1,1905 4s, A&O,
4 0 ,0 0 0 ....Apr. 1,1917
4s, A&O,
500,000_Apr. 1,1905 4 s , .......... 2 0 0 ,0 0 0 ....Apr. 1,1907
4s, A&O,
135,000_Apr. 1,1902
School B onds—
4s, A&O,
100,000_Apr. 1,1903 4s, J&J, $160,000.......July 1,1908
4s, A&O,
260,000_Apr. 1,1904
F unded P ark L oan—
4s, A&O,
110,000_Apr. 1,1905 4s, A&O, $ 2 5 0 ,0 0 0 ....Apr. 1,1938
4s, A&O,
125,000_Apr. 1,1905
F unded Sew er L oans—
4-«, A&O,
50,000_Apr. 1,1925 5s. J&J, $ 1 0 0,0 0 0 ....Jan. 1, 1899
4s, A&O,
300,000_Apr. 1,1906 5s, J&J,
30,00 0 ....Jan. 1, 1900
4s, A&O, 250,000....Apr. 1,1926 4*23. A&O, 140,000...Apr. 1, 1905




LOANSWhen Due.
Funded Sew er Loans—(Con.)—
4s, J&J, $ 5 5 ,0 0 0 ....Jan. 1, 1901
4s. J&J,
6 5 ,0 0 0 ....Jan. 1, 1903
4s, J&J,
7 0 ,0 0 0 ....Jan. 1, 1904
4s, J&J, 1 8 0 ,0 0 0 ....Jan. 1, 1905
4s, J&J, 145,000...... Jan, 1, 1906
4s, J&J,
75,f 0 0 .... Jan. 1, 1908
4s, J&J.
75,000...... Jan. 1, 19L0
4s, J&J,
80,000.... Jan. 1, 1912
4s, J&J, 100,0 0 0 ....Jan. 1, 1916
4s. J&J, 200,000.......Jan. 1,1927
F unded W ater Loan58, J&D, $ 100,000....Deo. 1, 1906
4s, A&O, 2 5 0 ,0 0 0 ....Apr. 1, 1914

Funded W ater L oan—(Con.)
4s, A&O,$100,000__ Apr. 1, 1915
4s, A&O, 1 5 0 ,0 0 0 ....Apr. 1, 1918
4s, A&O, 2 00,000....A pr. 1, 1919
4s, A&O, 30,000 .. Apr. 1, 1920
4s, A&O, 7 0 ,00 0 ....A pr. 1, 1921
4s, A&O, 150,0 > 0 ....Apr. 1, 1922
4s, A&O, 5 0 ,0 0 0 ....Apr. 1, 1923
4s, A&O, 50,00 ‘ ....A p r. 1, 1924
4s, A&O, 1 0 0 ,0 0 0 ....Apr. 1, 1925
4s, J&D, 300,000___June 1, 1905
3*88, J&D, 150,000.. .June 1, 1905
4s, A&O, 1 0 0 ,0 0 0 ....Apr. 1, 1925
4s, A&O. 7 5 ,0 0 0 ....Apr. 1, 1926
4s, A&O, 3 0 0 ,0 0 0 ....Apr. 1, 1927

PAR VALUE OF BONDS is $500 and multiples thereof.
INTEREST on most issues is payable, principally by check, at the

Merchants’ National Bank in Boston.
TOTAL

DEBT, SINKING

FUNDS,

Etc —

Deo. 1,1897. Dec. 1,1896. Dec. 1,1895.
Total bonded debt........................$6,735,000
$5,315,000
$5,070 000
Sinking funds............................... 2,785,314
2,383,735
2,204,460
Net debt..................................$3,949,686
$2,931,265
$2,865,540
Water & park debt (ino. above) .$2,225,000
$2,175,000
$2,050,000
The sinking fund receives yearly a sum sufficient with accumulations
of interest on sinking fund investments to retire entire debt at matur­
ity. In 1897 $162,600 was paid into sinking funds other than the
water bonds sinking fund.
C IT Y P R O P E R T Y .—The city owned property in 1896 valued at
$6.126,383, including water works costing $2,797,561. Receipts from
water assessments in year 1895-96 were $228,494 7 5 ; maintenance,
$53,795; interest on water loans, $70,750; paid to sinking fund, $5,250
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 “ its full and fair
cash value ” :
Personal
Rate o f Tax
Tear8.
Real Estate.
Property.
Total, per $1,000.
1897......................$78,501,750
$18,843,4*0
$97,345,200 $14-80
1896.................... 74,986,450
15,703,250
90,689,700
15-60
1895.................... 71,104,650
16,939,866
88,044,516
15-40
1890............
57,819,250
15,633,010
73,452,266
1560
In 1897 tax rate includes: State tax, $0-39; county tax, $0-30; city
$14-11; total, $15-60.
Average assessed valuation for three years, 1894 to 1896 inclusive,
was $88,011,605, audfor three years,’ 95 t o ’97, inclusive, $92,479,700.
PO PU LATIO N .—Population in 1895 was 98,687; in 1890 was
84,655; in 1880 was 58,291; for 1898 is estimated at over 108,000.

A D D IT IO N A L

STATEM EN TS.

In the table below we give statements regarding all towns in the
State of Massachusets which have reported an indebtedness o f over
$25,000, and which are not represented among the foregoing. We add
the population according to the Massachusetts Census of 1895J
>
Total
Assessed
Tax
PopuLocation.
Debt.
Valuation Rate.
lation.
Barnstable, Barnstable Co........ $28,000 $3,943,940
$12 00
4,023
Billerica, Middlesex Co............... 52,560 ■
------------1,828,220
10-30
Cohasset, Norfolk Co.................. 57,500 4,779,336
9-00
Cottage City, Dukes Co...........
>8,500 1,660,050
15-80
Deerfield, Franklin Co................. 52,700 1,283,340
11-00
Great Barrington, Berkshire Co. 36,256 3,392,320
12-50
Hardwick. Worcester Co............. 30,000 1,505,183
13-50
Hatfield, Hampshire Co............. 50,000
969,665
12-30
Hinsdale, Berkshire Co............... 30,000
629.893
1700
168,243 3,874,215
17-90
31,000 1,398,690
11-00
34,000 3,064,568
10-30
48,892 2,194,774
17-20
40,000 3,605,485
14-50
44,700 1,887,575
1800
46,000
13-50
719,845
94,678 :19,086,100
900
30,195 4,872,021
7-50
865
37,800 3,164,371
13-40
4,603
44,000 V,719.638
19 10
6,858
141,000 2,741,456
13 00
5,289
41,300
565,134
15 0 0
980
68,000 2,421,205
11-50
68,100 1,792,590
12 70
265,000 2,932,223
18-00
178,250 5,302,138
12-00
28,000 1,013,815
1600
39,000 2.197,610
15-40
27,000 3,195,931
8-30
34,000 1,536,950
16-80
107,853 2,408,914
21-00
25,468 1,469,340
16 0 0

State of Rhode Island
ITS

D E B T , R E SO U R C ES, E T C .
Admitted as a State
Total area of State (square miles)
State Capital
-

One of Original Thirteen
1,085
Newport and Providence
Governor (term expires last Tues. in May, ’99),*
Elisha Dyer
Secretary of State (term exp. last Tues. May. ’99),* C. P. Bennett
Treasurer (term expires last Tues. May, ’99),*W alter A . Read
Legislature meets annually the last Tuesday in May* at N ew ­
port, and holds an adjourned session the following January at
Providence. There is no limit as to the length of session.
* U n der th e n e w C on stitu tion , t o be v o t e d o n N o v . 8,1898, t h e te r m s o f e x i s t m g officials w ill b e e x te n d e d t o Ja n u a ry 2 , 19oO, an d t b 6 L e g isla tu re w ill m eet
a n n u ally a t P ro v id e n c e o n tn e first T u e sd a y e f Jan uary.

H IS T O R Y OF D E B T .— For a brief history of the Rhode Island
State debt see State and City S upplement of April 13,1895, page 33.
the bonds outstanding at present are described as follow s:
LO A N S—
.— Interest.—
--------- P rin cip al.------ —,
N AM E AND p u r p o s e .
Rate. Payable
When Due. Outstand’g.
State House loan,1894............. ¿ W j & J
1904
$300,000
do
fdo
t
jjg
g
S^g.J & J
1894.............
1914
400.000
do
do
1894............. 3l2g.J & J
1924
400.000
do
do
1894............. 3iag.J & J
1934
400.000
do
do
1 8 9 8 ........... 3g. A & O
800.000
1938

CITY

STATE

3 2

PAR VALUE OF BON DS.—The bonds are for $1,000 eaoli.
TAX

FREE.—Bonds o f the State House loan are tax exempt.

INTEREST is payable in Providence at the Rhode Island Hospital

Trust Company.

T O T A L D E BT , S IN K IN G F U N D S E t c .—
January 1—
189 >*.
1897.
1895.
Total funded d e b t ....$1,500,000 $1,517,000 $1,517,000
Sinking funds.............
209,422
150,000
118,667

1894.
$699,000
699,088

Net debt................ $1,290,578 $1,367,000 $1,398,333
Nil
The sinking fund is largely Invested in city, town and district
bonds and notes, and it is to receive $50,000 yearly.
T A X VALU ATIO N .—The assessed valuation of real estate in
Rhode Island in 1897 was $303,090,920; personal property, $81,727,.
037; total $384,817,957. Tax rate (per $1,000) in 1897 was $1-80.

Vol. L X VJ I
B U R R I L L V I L L E . — P. 0 . H a w k in s , Treasurer.
This town is situated in Providence County.
LO A N S—
When Due. Total debt Jan. 1, 1898.. $92,500
Tax valuation, real____ 2,351,425
Highway I mp. B onds48, g., J&J, $50,000 g.Jan. 1,1907 T ax valuation, pers’l ___ 874,500
(Part due every five years) to 1922 Total valuation 1897— 3,225,925
Interest at 3d Nat. Bk., Boston. Tax rate (per $1,000)............ $8-00
Bonded debt Jan. 1,1898.$50,000 Population in 1890 w as........ 5,492
Floating debt............. ........ 42,500 I

; HARRY G.THRESHER, Mayor.
; B. A. REYNOLDS, Treasurer.
This city, recently organized, assumed the debt of the old fire district
(which is now a part of the city) and a part of the debt of the town of
Lincoln. Property consisting of land,- buildings, water and sewer
equipment to the value o f $564,000 is owned by the city.
Central Falls is in Providence County.
LO A N S—
When Due. Bonded debt Jan.l5,1898.$465,930
POPULATION OF S T A T E —In 1790 the number of inhabitants
Water debt (included)----- 100,500
F ire D istrict B onds—
was 68,825 and in 1800 it had increased only to 69,122; In 1850 it had 4 *28,g., M&N, $84,000 ..’99 to 1919
The city has no floating debt.
risen to 147,545; for 1895 it is 384,758.
Tax valuation, real. ...$6,657,285
($4,000 due yearly on May 15.)
...................$12,500............ ...1900 Tax valuation, person’l 1,581,600
1 8 9 5 ....... ....... 384,758 I 1870....... ....... 217,353 I 11830. ............... 97,199
Total valuation L898... 8,238,885
Town op L incoln Bonds—
1890....... ....... 345,506 11860............... 174,620 1! 1820. ...............83,015
............ $122,040.$3,390 each J&J Tax rate (per M.) ’ 98 ............15-00
1885....... ....... 304,284 I 1850............... 147,545 11810. ............... 76,931
C
ity
B
onds
—
Population in 1895 w as....15,828
1880....... .......276,531 1 1840............... 108,830 1
4s, J&D, $240,000g.Dec. l , ’9 8 to ’21 Population 1897 (est.) over.16,000
($10,000 due yearly.)
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 .- -There is nothing
in the Constitution of Rhode Island limiting the aipount of city debts.
IN T E R E S T is paid at Industrial Trust Company o f Providence
The following, however, are two sections taken from Title 7, Chapter
36 (page 157) o f the Revised Statutes of the State of 1896. Since 1878
these provisions have been in force, and consequently 3 per cent of the C R A N S T O N . — D. D. W aterm an , Town Clerk.
This town is in Providence County.
taxable property has been the limit of the power o f each town (which
includes city) to create debt
LO A N S—
When Due. |Sinking fund Apr., 1897 $27,281
old B onds—
Assessed valuation,real 9,767,965
Section 20. “ The outstanding notes, bonds and contracts of towns 4s,Gg,
$150,000,
g
.....................1922
Assessed valuat’n, pers. 1,235,350
shall be paid and be fulfilled according to the tenor thereof, and all 4s, g, 100,000, g ... .Aug. 15,1925 I Total
valuation 1897...11,003,315
public worxs now authorized to be prosecuted shall be prosecuted, and
g,F&A$135,000, g.Aug. 1, 1929 Tax rate (per $1,000) 1898.. 11*00
all indebtedness now authorized to be incurred on account thereof may 4s,
4s...........
150,000,
g
...............1937
Population
in 1895 was......10,575
be incurred according to the tenor of the authority therefor.
Section 21. No town shall, without special statutorv authority Bonded debt Jan. 1, ’98 $535,000 Population in 1890 was...... 8,099
therefor, incur any debt in excess of three per centum of‘ the taxable
property of such town, including the indebtedness of such town on
the tenth day of April, one thousand eight hundred seventy-eight, but C U M B E R L A N D .— This town is in Providence County.
the giving of a new note or bond, for a pre-existing debt, or for
LOANS—
When Due, Sinking fund....................
$7,000
money borrowed and applied to the payment of such pre-existing debt,
F unding B ondsNet debt Jan. 1 ,1 8 9 8 .... 182,000
is excepted from the provisions of this section, and the amount of any
48, J&J, $70,000.........Jan. 1,1899 Tax valuation, real......... 5,424,000
sinking fund shall be deducted in computing such indebtedness.”
($5,000 due yearly) to Jan. 1,1912 Tax valuation, personal.2,166,000
The proposed new constitution, the adoption or rejection of which
T own H ouse B onds—
Total valuation 1897....... 7,590,000
is to be determined at the November (1898) election, has in it two sec­ 4s, J&J, $30,000........ July 1,1899 Assessm’t ab’t 9-10 actual value.
tions of interest to investors. Article 4, Section 12, provides that ($2,000 due yearly) to July 1,1914 State tax (per $1,000)............ $1-80
Interest payable in Providence.
Town tax (per $1,000)............ 7*20
“ The General Assembly shall'have no power hereafter, without the Bonded debt Jan. 1,1898.$104,000 Population in 1895 was.........8,507
express consent of the people, to incur State debts to an amount ex­ Floating debt.................... 85,000 Population in 1890 w as.........8,090
ceeding in the aggregate, at any one time, five hundred thousand dol­ Total debt.......................... 189,000 Population in 1880 w as___*..6,445
lars, except in time of war, or in case of insurrection or invasion ; nor
shall it in any case, without such consent, pledge the faith of the State
E A S T P R O V I D E N C E . — Da v i d S.R A Y.Treas.
for the payment o f the obligations of others.”
This town is in Providence County.
Section 18, same Article, piovides that “ The General Assembly
LO A N S—
When Due. Floating d e b t .................. $35,141
shall not authorize any city, town or incorporated district to guaran­
Town (Coupon) B onds—
Total d eb t........................ 385,141
tee the indebtedness of any corporation, association, institution, or 4s, J&D, $100,000...$5,000 yearly Total assets....................
73,797
Gold B onds (reg.), 1893—
Net debt Mch. 5, 1898
311,344
individual.”
4s, g., J&J, $ 2 5 ,0 00 ... July 1 ,1 9 2 3 Valuation, real.................7,352,548
S A V IN G S B A N K IN V E S T M E N T S A N D R E S T R IC T IO N S .- In 4s, g., J&J, 6 0 .0 0 0 ... July 1, 1933 Valuation, personal........ 751,785
the Revised Statutes of Rhode Island (which were revised in 1896), 4s, g., J&J, 6 0 ,0 0 0 ... July 1,19 4 3 Total valuation 1897.......8,104,333
old F unding B onds—
Tax rate (per $1,000) ’ 98....$12*50
Sections 54, 55, 56, etc., of Chapter 178, Title 19 (on page 548), will be 4s,Gg,
. . . . . $ 10 0 ,0 0 0 ... 1922 & 1947 Population in 1895 w a s ___10,170
found the provisions of law with reference to Savings Bank Invest­ ($50,000 in ’22 and $50,000 in ’47.) Population in 1890 w as....... 8,422
ments. Section 54, which recites in detail the stocks, bonds, etc., these Bonded debt Mch. 5, ’98.$350,000
IN T E R E S T on the town bonds is payable at Blake Bros. & Co., Bos­
institutions are allowed to put their money in is as follow s:
ton; on gold bonds at the Rhode Island Hospital Trust Co., Providence.
Section 54. Institutions for savings shall invest their receipts—
(1) In public stocks or bonds of any State or of the United States,
E ast Providence F ire D istrict. — ProvidenceCo’ty.
(2) Or m any bank stock, or in notes or bonds of any town or city,
(3) Or in notes o f any school district or fire district in any New E ng­
The
water-works system of this district has been purchased by the
land State.
Providence Water Company, subject to the outstanding debt of
(4) Or in such corporate stocks or bonds as they may deem safe and East
the
district.
secure,
•
LO A N S—
When Due. I 4^s,g.,J&J.$100,000,g.J’ly 1,1932
(5) Or they may discount notes, bonds or drafts of individuals or cor­
porations, with two other responsible endorsers, sureties or guarantors, 4%3,g., J&J,$15,000,g.July 1,1907 |Total debt June 15 1898.$200,000
(6) Or the notes, bonds or drafts of individuals or corporations secured l^ s.g ., J&J, 35,000,g.July 1,19 L7 I Tax valuation.............. $4,162,301
by the public notes, stocks or bonds of any State of the United States, 41s8,g.,J&J, 50,000,g. July 1,1922 I Real value (estimated). 5,250,000
or of any town or city or of any school district or fire district in any
IN T E R E S T is paid by the Industrial Trust Co , Providence, R. I.
New England State, or by the stock or bonds of any corporation which
may be deemed to be safe, or by mortgage on real estate.
Concerning Sections 55 and 56, the first appears to give savings J O H N S T O N . — H erbert C. Calef , Treasurer.
institutions quite extensive powers as to making and keeping deposits
This town is in Providence County. On June 1,1898, a portion of
in commercial banks. When so kept, however, they are to be kept this
town, representing about five-sevenths of the assessed valuation,
“ payable on demand whether drawing interest or not.” The two was annexed to the city of Providence. The commission appointed to
apportion the debt to be assumed by the city of Providence report that
sections are subjoined.
share of the net debt is $255,72 *64, leaving $101,677*48 as
Section 55.—No such institution shall have an amount exceeding the city’s
town debt remaining. Bonds Nos. 1 to 100 and 151 to 191 (all in­
one-half of its receipts invested in notes, bonds or drafts of individuals the
clusive)
remain
as art obligation of the town of Johnston, and interest
or corporations, unless secured by some public notes, bonds or stocks as wiil be paid when
due by the Union Trust Co. as usual.
aforesaid, or by mortgage on real estate: but the preceding section shall
L
O
A
N
S
When Due. Net debt June 1,1898...$357,398
not be so construed as to forbid any such institution from placing and
G«/N. I mp. & R oad B onds.—Gold. Tax valuation, real........ 5,979,395
holding on deposit in any bank such reasonable amount of their re­
4s,
g.,
F&A,
$50,000g.Feb.
1,1907 Tax valuation, personal. 1,058,180
ceipts as is customary and they may deem proper, payable on demand
4s, g., F&A, 100,000g.Feb. 1, 1912 Total valuation 1897___ 7,037,575
whether drawing interest or not.
4s.
g.,
F&A,
lOO.OOOg.Feb.
1,1917 Assessment about % actual value.
Section 56.—No money shall be loaned by any institution for sav­
Bonded debt June 1, ’98..$250,000 Town tax (per $1,000) ’97..$10*00
ings to any trustee, director or other officer of such institution.
Floating
debt
June
1,
’98.
154,18-»
Population in 1895 was.......11,203
For the other provisions of the law as they now are we would refer Total debt June 1, ’98— 404,189 Population
in 1890 was....... 9,778
our readers to the Revised Statutes of 1896.
Sinking fund June 1, ’98. 46,79 L Population in 1880 was....... 5,76 5
IN T E R E S T is payable by the Union Trust Company, Olneyville.
JOHNSTON SCHOOL DISTRICT NO. 15.
LO A N S—
When Due. I 4, g., A&O, $30,000....Oct. 1,1924
Cities , Counties and T owns
G old B onds—
I Interest paid by Industrial Trust
IN
4,g., A&O, $25,000. ...O ct. 1,1909 | Company o f Providence.

STATE

OF

RHODE

IS L A N D .

B R I S T O L . — GtEORge H . P eck , Treasurer.
This town is the capital of Bristol County.
LO ANSWhen due. Tax valuation, personal$l,385,400
T own Notes—
Total valuation 1897... 5,172,000
4s, J&J, $101,450.......... 1900-1902 Assessment about 7s actual value.
Shortterm notes.................$34,750 Town tax (per $1,000) 1897.$12*80
Total debt Feb., 1898.........136,200 Population in 1890 was........5,478
Tax valuation, real......... 3,786,600 Population in 1895 was........ 6,730
IN T E R E S T on all town loans is paid in Bristol, R. I.




C E N TR AL F A L L S ,

N A R R A G A N S E T T
District Treasurer.

P I E R . — E. S. T aylor ,

Narragansett Pier is in Washington County.
LO A N S —
When Due. I Floating debt............... . $56,300
I mprovement B onds—
I Total debt Deo., 1 897.... 156,300
4s, M&N, $20,000.......May 1,1919 Tax valuation, real___ ..3,313,580
Interest payable in New York. |Tax valuation, personal. 262,650
Bonded debt Dec., 1897. $100,000 I Total valuation 1897. ...3,576.230
Town has no water debt.
|Total tax (per $1,000)...
7*50

October, 1898.
J. BOYLE, Mayor.
N E W P O R T . — ! PATRICK
JOHN S. COGGESHALL, Treasurer.

33
The debt of the city o f Providence, less the sinking fund and water
debt.iis 3*76 per cent of the assessed valuation of the city.
The notes representing the floating debt on Sept. 1,1898, were all
held by the Commissioners of the Sinking Funds and were issued for
and are chargeable to the following accounts:
Sew erage...........................................................
$125,000
Special nighway loan..................................................................... 205,000
Weybosset Bridge and river walls.............................................. 196,500
Davies Park land and improvement....................
34,000
Blackstone Park improvement loan....................
15,000
School-houses, etc........................................................................... 300,000
Casino...........................
21,136
Central Office Fire A larm .............................................................
24,558
Davies Park improvement loan account..................................
26,000
35,000
Water-works construction...................................................., ......
State t a x .......................................................................................... 151,693

Newport is situated in the county of the same name.
LO ANS—
When Due.
Sew er B onds—
When Due.
4s, J&J. $40.000........ Jan. 1,1928 4s, M&N,$35,000........Nov. 1,1916
City H all & I mp. B onds—
4s, F&A, 98,000....... Feb. 1,1918
4s, M&N, $153.000..May 15,1948
Sew er and Street I mprovem ’ t .
I ndustrial Sch. and Consol .— 4s, A&O, $ 7 0 ,0 0 0 ....Apr. 15,1921
4s, M&N, $146,000..May 15,1923 Bonded debt Feb. 1, ’98 $591,000
P ark B onds86,311
8inking fund..................
48........... $40,000..Feb. 15,1927 Net debt Feb. 1,1898 ..
504,689
P ublic I mprovements—
Assessed valu’n, rea l.. .30,843,000
4s, M&N, $100,000 g.May 1,1925 Assessed valu’n, pers’l. 5,»38,900
School H ouse—
Total valuation 1897...36,781,900
4s, M&S, $30,000........ Mar. 1,1905 Assessment about actual value.
4s, J&D,
16,000.......Deo. 1 , 190>i Tax rate (per $1,000) ’ 97___ 10*00
4s, J&J,
16,000..... July 15.1909 Population 1895...................21,537
4 s , ------40,000.... Jan. 1, 1928 Population 1890...................19,449
T ota l......................................................................................... $1,133,887
_ INTEREST is payable at Newport, except on the industrial School
SINKING FUNDS.—By city ordinance all sinking fund income is
Loan, which is payable at the Bay State Trust Co., Boston.
required to be invested in the city’s bonds or notes, in State of Rhode
C ITY P R O P E R TY .—The city owns real estate valued by tax assess­ island bonds, or in United States bonds. The city’s bonds to be can­
ors at $488,022; other property, $183,398.
Limit of indebtedness 3 celed to prevent re-issue.
The loans, for the redemption of which sinking funds are held by the
per cent of valuation.
commissioners, and the amounts of the sinking funds July 1,1898,
are shown by the following table:
N O R T H P R O V I D E N C E . — J. O gden , Treas. City hall and sewer loan, due in 18 9 9.................................. $605,007 14
This^town is in Providence County.
Public improvement loan, due in 1899.................................
405,278 26
LO A N S —
When Due. Assessed val’tion, real.$1,236,555 Publio improvement loan, due in 1900.................................
122,678 51
4 s , ..........$50,000....Deo. 15,1912 Assessed val’tion, per’l.
293,500 Public improvement loan due in 1937..................................
8,273 59
Bonded debt May 1 0 ,1898.$50,000 Total valuation 1897... 1,530,055 Water loans, due in 1900........
1,014.403
75
Floating d e b t
.......... 50,000
Assessment about actual value.
Water
loan,
due
in
1906..........................................................
249,763
20
Total debt May 10,1898.-100,000 Total tax (per $ t,000) ’97...$10 50 Water loan, due in 1916..........................................................
99,093
69
Sinking fund....................... 6,242 Population in 189o was ___2,094 Water loan, due in 1923.........................................................
53,457 88
Net debt May 1 0 ,1 8 9 8 .... 93,758 Population in 1898 (est.) .. 3,000 Water loan, due in 1926.........................................................
30,886 55
Water loan, due in 1927.........................................................
36,690 43
TZ> a W T T T P T Z u t
SJOHN F. ADAMS, Mayor.
25,470 62
Davis estate loan, due in 1909........ , ....................................
VV 1 U U i Y H 1 .— \ FRANK M. BATES, Treasurer.
School loan, due in 1911.........................................................
1 11,930 32
Pawtucket is in Providence County.
School loan, due in 1925......
63,155 27
Sohool
loan,
due
in
1927.........................................................
82,310 03
LO A N S —
When Due. 4s, J&J, $175,000 g..J u ly 1.1934
Sewer loam due in 1921...........................................................
206,618 38
General D ebt B ondsSew er B onds—(Con.)
120,981 61
48, J&J, $150,000 g..July 1,1915 4s.........
225,000 g .May 1,1937 Sewer loan, due in 1922...........................................................
Sewer loan, due in 1923..........................................................
87,725 80
4s, J&J, 350,000... .July 1,1899
Water B onds—
Sewer
loan,
due
in
1925.........................................................
153,605
65
($50,000 every 5 yrsjtoJuly 1,1929 5s,-A&O,$200,000 g..A pr. 1,1899
93,563 11
4s. A&O, $600,000 g..A pr. 1,1923 4s, J&J, 600,000 g..July 1,1910 Sewer loan, due in 1926.........................................................
Sewer
loan,
due
in
1927............................................
„
..........
50,»47
26
4s, J&J, 300,000 g. .July 1,1934 4s, J&J, 400,000___July 1, 1919
121,889 93
4 s , ....... 300,000 g .. .July 1,1936 4s, J&J, 125,000 g .. July 1,1934 Park loan, due in 1922 .......................... . ..............................
5,801 60
4s......... 175.000 g . .May 1,1937 48......... 100.000 g .., May 1, 1937 Park loan, due in 1947............................................................
Highway loan, due in 1924....................................................
264,391 59
Sewer B onds 1893—
Population 1890 was...........27,633
Highway loan, due in 1927....................................................
90,197 20
4s, A&O, $400,000 g..Apr. 1,1923 Population 1895 was...........32.577
INTEREST on all the bonds is payable at Boston, Mass.
Total sinking funds July 1,1898.................................. $4,104,021 37
T O T A L DEBT, E t c .— The bonded debt on March 1, 1898, was
ATER W O RK S.—The water works construction account to Oct.
$4,400,000; floating debt, $265,463; total debt, $4,665,463; sinking 1,W1897,
amounted.to $6,771,525 16. In year 1896-97 income from
fund, $662,786; net debt, $4,002,677. Of this amount $1,725,000 was water
rents, etc., was $520,758 91; cost of maintenance $88,557 9 9 ;
for water.
interest on water loans, $345,125 97; surplus, $87,074 95.
ASSESSED VALUATION in 1897 of real estate was $27,702,360;
ASSESSED VALUATION.—The valuation and tax rate have been as
personal property, $5,297,580; total, $32,999,940; tax rate per $1,000 follows,
real estate being assessed at “ about two-thirds cash value
for 1898 fs $21*40. In 1882 the total valuation was $16,267,764.
-------Assessed ValuationTax per
Amount
Tears,
Real
Personal
Total
$1,000.
o f Tax.
T D R O V T T ) F '1 S J P 1 7
(W ILLIAM C. BAKER, Mayor.
1898.$142,430,200 $39,127,920 $181,558,120 $16 50 $2,995,708 98
V l U L i l N U i . — ( D. L. D. GRANGER. Treasurer.
1897. 135,805,460 38,237,020 174,042,480
16*50 2,871,700 92
The city is situated in Providence County, which has no debt. On 1896. 133,296,200 40,936.300
---------------- 174,232,500
16*50 2,874,836 25
June 1,1898, a portion of the town of Johnston, representing about 1895. 129,438,060 40,346,500 169,784,560
16*00 2,716,552 96
five-sevenths of the assessed valuation, was annexed to the city of 1890. 104,684,440 35,932,620 140,617,060 15*00 2,109,255 90
Providence, and the latter is to assume $255,720 64 of the net debt of 1880. 88 , 012,100 27,908,900 115,921,000 13*50 1,564,933 50
the old town o f Johnston.
1870. 52.511.800 40,565,100
93,076,900 13*50 1,256,538 15
LOANS—
>
— Interest.— , ,---------- Principal.--------- . 1860. 37.089.800 21,042,000
58,131,800
5*60
325,538 80
NAME and PURPOSE.
Rate. Payable. When Due. Outstand'a.
The tax rate in 1898 included State tax of $1*80 and city tax $14*70.
City Hall and sewer. 1879.c&r4*2 J & D June 1, 1899 $600000
POPULATION—The population for 1898 is estimated at 166,000
Davis estate loan....1891.c&r4g. J & J July 1, 1909
75,000
Park loa n ......................1892.c&r4g. M & S Mar. 1, 1922 500,000 In 1890 it was 132,043; in 1880 it was 104,856; in 1870 it was 68,904.
..................1897... . r 3*ag.M & N May 1, 1947 674,000
^ do
Public improvement.1 8 7 9 ....r 5
J & J July 1, 1899 450,000
do
do
1880
r5
J & J July 1, 1900 146,000 S O U T H K I N G S T O W N , -J. A . A lle n . Treas.
This town is in Washington County.
„ <Jo
do
1897
r 3*2g.M & N May 1, 1937 640,000
School lo a n ..,............. 1891.c&r 4g. J & J July 1, 1911 300 000
LO ANS—
When Due. Tax valuation, real.l...$2,891,015
I mprovement B onds—
do
......................1895.c&r 4g. M & N May 1, 1925
300,000
Taxvaluation,personal. 2,061,445
do , .......................1897.c&r 4g, A & O Apr. 1, 1927 500,000 4s, J&D, $132,000...Deo. 15, 1898 Total valuation 1897... 4,952,460
Sewer loan................ 1891.c&r 4g. J & J July 1, 1921 1,125 000
(part due yearly) to Deo. 15,1921 Assessment is 7-10 aotual value.
do
...................... 1892.c&r 4g. M & S Mar. 1,
1922 500,000 Bond, debt Apr.30,1898. $132,000 Total tax (per $1,000) ’97___$7*50
9,761 Population in 1890 w as......4 ,8 2 3
do
......................1893.c&r 4g. A & O Apr. 1, 1923 500,000 Floating debt........... ...
do
.....................1895.c&r 4g. M & N May 1,
1925 800,000 Total debt Apr. 30, 1898 141,761 Population in 1880 w as........ 5,114
do
............... . . . . 1896.c&r 4g. J & D June 1, 1926
500,000
The above bonds become due yearly in amounts of $5,000 and $6,000
do
......................1897.c&r 4g. A & O Apr. 1,
1927 300,000 alternately. On December 15,1898, $5,000 will be taken up.
......................1898.C&r 3*2g. A & O Apr. 1,
1928 200,000
do
IN T E R E S T is payable by the Rhode Island Hospital Trust Company
Water loan................. 1871.c&r 6g. J & J July 1, 1900 820,000
do
.......................1872.c&r 5g. J & J July 1, 1900 1,180,000 and at the Town Treasurer’s office.
do
.......................1874.c&r 5g. J & J July 1, 1900 2,000,000
....................... 1876.o&r 5g. J & J July 1, 1906 1,500,000 T I V E R T O N
do
A.
L incoln H am bly , Town
do
.......................1886.c&r 3 % g M & S Sept. 1, 1916
483,000
Treasurer.
do
....................... 1893.c&r 4g. A & O Apr. 1, 1923 817,000
do
.................. ..1 8 96 ... . r 4g. J & D June,
1926 200,000
This town is in Newport County.
do
.............. 1897.c&r 4g. A & O Apr. 1,
1927 250,000
LO A N S —
When Due. Assessed valu. personal. $877,700
Highway loan.......... 1894.c*r 4g. M & N May 1,
1924 1,200.000 4s, M&S,
$24,000.......... 1899-1922 Total assessed value, ’98 2,628,508
do
d o ...........1897.c&r 4g. A & O Apr. 1,
1927 500,000
($1,000 annually on Sept. 1.)
Assessment at full value.
DENOMINATIONS OF BONDS.—The coupon bonds a refor$l,000 Bonded debt Mar. 1, ’98.. $25,000 Tax rate (per $1,000) ’98...... $8*00
the registered bonds for $1,000 and multiples of the same. All coupon Assessed valuation, real.1,750,808 Population 1895..................... 2,964
bonds are transferable into registered bonds at the option of th - holder.
IN TEREST on the bonds is payable as follow s:
W A R R E N . — Ch a r l e s W . G reene , Treasurer.
_ ,,TiWc o f Loan
Interest, where payable.
. This town is in Bristol County.
City HaH and sewer 4s, due 1899.. Boston, Nat. Revere Bk., andProv.
When Due. Assessed val’ation,real.$2,130,200
LOANSDavis estate loan, due 1909......... N. Y., Nat. Citv Bank, and Prov.
R efunding B onds
Assessed val’ ation,per’l 1,381,300
loan...............
....................N. Y., Nat. City Bank, and Prov.
4s, g .,..........$77,000....1899-1922 Total valuation 1898... 3.511,500
Public improvement loans........... Providence, City Treasurv.
($3,000 yearly on Oct. 15 to 1917, Assessment abt. 80% actual value.
School loan, due 1911 and 1927...N. Y., Nat. City Bank, and Prov.
and $4.000 yearly thereafter.)
«
,
, due 1925.......- ...........Providence, City Treasury.
Tax rate (per $1,000) 1898. .$10*80
Bonded debt Feb. 15, ’98..$80,000 Population in 1890 w a s ...... 4,489
Sewer bonds.................................N . Y., Nat. City Bank, and Prov.
3,000
Sinking
fund.......................
Water 6s, due 1900.............. ..Providence, City Treasury.
Population in 1898 (est.)
4,500
Net debt Feb. 15, 1898___ 77,000
do 5s of 1872, due 1 9 0 0 ....... Boston, Nat. Revere Bk., and Prov.
do 5s of 1874, due 1900....... N. Y., Nat. City Bank and Prov.
IN T E R E S T payable at the Massachusetts Loan & Trust Co., Boston.
do 5s, due 1906........................ New York, Nat. City Bank, & Prov,
do 3*28, due 19 1 6 .....................
do
do
do
do
do 4s, due 1923 .....................
’W E S T E R L Y . — J ames M. P endleton , Treas.
do 4s, due 1926 and 1 9 2 7.... Providence, City Treasury.
This town is in Washington County.
Highway, due 1924 and 1 9 2 7 ...,N. Y., Nat. City Bank and Prov.
LO A N S
When Due. Tax valuation, personal$l,223,705
F unding Bonds—
T O T A L DEBT, SINKING FUNDS, Et c .—Tne subjoined statement
Total valuation 1 8 9 7 .... 6,345,50 *>
Bhows the total municipal debt of Providence, the sinking fund held by 4s, J&J, $30,000........ July 1,1918 Tax (per $1,000) 1897...
8*70
Water L oan the city against the same, the water debt, and the city’ s floating debt
Population in 1895 (sst.)... 7,636
on the dates given.
48, M&S, $200,000.... Sept. 1,1927
School District No. 1.
n
a v.-#- /i i
1,1898. July 1,1898. July 1,1897. Temp’y loan $15,000 Jan. 1,1899
F unding B onds—
Bonded debt (inol. waterd’t).$17,060,000
$ 16,860,000 $16,860,000 Interest on bonds payable in Prov. 4*28, M&S. 35,000................ ,.1921
Floating d e b t.......................... 1,133,887
1,070,387
45l|692 Bonded debt,not ine.wat. $30,000
Subject to call after 1896
Floating debt...................
8,000 Interest payable in Westerly.
T o ta ld e b t........................ $18,193,887 $17,930,387 $17,311,692 Total debt Jan. 1 ,1 8 9 8 ..
38.000 School tax (per $1,000)... $6 00
Sinking funds, etc................... 4,104,021
4,104,021
3,687,981 Taxvaluation, real........ 5,121,800
IN T E R E S T on the funding bonds is payable in Providence and on
Net debt..
.. . .
.... $14,089,866
$13,826,366
$13,623,711 the
water loan at the United States Mortgage & Trust Co., New York
Waterdebt (included above;. $7,250,000
$7,250,000
$7,250,000 City, or the Industrial Trust Co. of Providence.




STjtTE AND CITY SUPPLEMENT-

34

W O O N S O C K E T . — ||EO-B0ATCHELO^M»ror.
Woonsocket is in Providence County. Aside from tlie following obli­
gations Woonsocket endorses first mortgage bonds of the Woonsocket
& Pascoag EE. to the amount of $100,000.
W ater B onds—(Con.)
L O A N S—
When Due.
F unding B onds —
4s, g, M&N, $100,000.May 1,1915
4s, J&D, $60,000...... 1898 to 1903 4s, g. M&N, 90,000..Nov. 1 .1 9 1 1
($10,000 yearly on Dec. 1.)
Bond, debt Sept. 15,’98.$1,691,000
4s, F&A, $200,000....Aug, 1, 1907 Floating debt................. 215,000
4s, g, A&O, $339,000 Apr. 1,1924 Total debt Sept. 15,1898 1,906,000
4s, g. M&N, 350,000.May 1,1927 Sinking fund.................... 103,590
Sew er B ondsNet debt Sept. 15,1898. 1,802,410
48, g, F&A, $50.000.Aug. 15,1921 Water debt (included).. 542,000
4s, g, F&A, 50,000 Feb. 1ft, 1921 Assessed val’n, rea l___12,732,000
4s,
F&A, 50,000.Feb. 15 ,19 ¿5 Assessed val’n, pers’n’l. 2,352,585
4s,
F&A, 50,000.Aug. 15,1925 Total valuation 1898. ..15,084,585
Assessment about 23 actual value.
Water B onds—
4s, A&O, $160,000.Apr. 1,1915 Tax rate (per $1,000) ’98...$15*00
Population 1890...................20,830
(Now subject to call.)
4s. g, M&N, $92,000 Nov. 1,1916 Population 1S95...................24,468
4s, g, M&N, 100,000..May 1, 1915 Population 1898 (est.).........25,000
PAR V A L U E OF BONDS.—Bonds are for $1,000 each, except the
water bonds of 1885, which are for $5,000 each.
IN T E R E S T is payable in Woonsocket only.
C IT Y P R O P E R T Y — The city owns real estate and personal prop­
erty valued at $1,118,163.

State of Connecticut.
IT S

D E B T , RESO U R C ES, E t c .
Admitted as a State
"
One of Original Thirteen
Total area of State (square miles) - .......5,004
State Capital
- ... r. ..... • Hartford
Governor (term expires Jan. ’99)
Lorrin A . Cooke
Secretary of State (term expires J a n .’99) Charles Phelps
Treasurer (term expires Jan. ’99)
Charles W . Grosvenor
Legislature meets biennially in odd years on the W ednesday
following the first Monday in January. There is no lim it on
the length of the session.

H IS T O R Y O F D E B T .—For a brief history of the Connecticut State
debt see State and Ci t y -Subplement of April, 1895, page 36. The
condition of Connecticut’s debt now is as follows:
LO AN S—
-—Interest.—-, ,-------------Principal,------------N A M E A N D PU R PO SE.
Bate Pay’le.
When Due.
Outstand’g.
War lo a n ....___......1 8 6 5
Ceased.
Oct. 1,1885
$200
do renewal 1882 c &r 3 ij J & J
Jan. 1,1903
500,000
do
do 1883
r 312 J & J
Jan. 1,1903
1,000,000
do
do 1 8 8 5 ..... 3
A& O
Oct. 1,1910
1,740,000
PAR VALU E O F BON DS—The bonds are all for $1,000 or $10,000.
INTEREST on all bonds is payable in Hartford, Conn.
T O T A L DEBT, Et c . Oct. 1,1897. Oct. 1,1896. Oct. 1,1895. Oct. 1,1894.
Total funded debt . . . $3,240,200 $3,240,200 $3,240,200 $3,240,200
Civil list funds...........
123,028
290,734
518,764
738,418

Net d e b t ............... $3,117,172 $2,949,466 $2,721,446 $2,501,782
ASSESSED VALU ATIO N .—Assessed value formerly about 50 per
cent o f actual value; now believed to be higher.
Years.
Tax valuation. I Years.
Tax valuation
18 9 7.. . ...................... $534,465,257 |1893:................ ...,...$ 4 1 6 ,32 3 ,2 5 2
18 9 6.. . . . . .................. 529,621,165 11892;......... . ; ...........
381,261,607
1895............................ 452,863,714 1891...... J .................. 372,874,447
1 8 9 4 .. . . ..................... 441,001,58111888............................ 354,557,515
DEBT LIMITATION. —The Constitution of Connecticut contains but
a single provision restricting the debt-making power, The provision is
Article 25, and was adopted as an amendment in 1877. We give the
article in fu ll:
No County, City, Town, Borough or other Municipality, shall ever
subscribe to the capital stock of any railroad corporation, or become the
purchaser of the bonds, or make donation to, or ioan its credit in aid of,
any such corporation; but nothing herein contained shall affect the
validity of any bonds or debts incurred under existing laws, nor be con­
strued to prohibit the General Assembly from authorizing any Town
or City to protect by additional appropiations of 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 of
the Revised 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
t e r e d or with coupons attached, or other obligations, payable at such
“ times and at such annual rate of interest not exceeding 6 per cent,
“ payable annually or semi-annually, as it shall determine,” &c. Cities
have had no such general authority conferred upon them.
Exemption from Taxation has been accorded by general statute to
certain bonds issued by cities and towns to aid in the construction of
railroads; and this exemption has been extended to new bonds issued
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 & Willimantic Railroad Com“ pany, the Sliepaug Valley Railroad Company, the Connecticut Valley
“ Railroad Co., the Connecticut Central Railroad Company, or either of
“ them.” All railroads which are 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 from 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 A cts” for that year.




Vol. L X Y II

P O P U L A T IO N OF S T A T E .— Population has been as follows :

1890.................746,258 1860...............460,147 1830................ 297,675’
1880.................622,700 1 8 5 0 .;........ 370,792 1820.................275,148
1870................. 537,454 1840...............309,978 1810................. 261,942

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 AN D

R E-

STRICTIO N S.—At the session in 1897 material changes were made in
the provisions regulating the investment of the deposits of the savings
banks o f Connecticut. These are mainly contained in section 1,800 of
the General Statutes of the State. It seems that this section was
remodeled and the list of securities enlarged in 1889, then was
amended in 1893, and has, as stated, now again been amended in 1897.
The amending act of 1897is entitled “ An A ct concerning invest­
ments by Savings Banks” , and is as follows. The separation into para­
graphs and the figures in brackets which number and begin the para­
graphs we have inserted so that those who need to refer to or use any
particular portion of the section can more readily find the part de­
sired ; otherwise we give the section as it reads and was passed, pre­
serving even the punctuation.
Section 1,800 of the General Statutes, as amended by Chapter
CCXXIX of the publio acts of 1893. is hereby amended to read as
follow s: Savings banks may invest—
(1) Not exceeding twenty per centum of their deposits and surplus
in notes secured by the pledge of stocks or bonds as collateral se­
curity : provided, said stocks or bonds shall have paid dividends or
interest of not less than three per centum per annum during the twoyears next preceding that in which the respective loan is made; or
by the pledge of any stocks, bonds, or other obligations which, under
the provisions of this act, can be purchased by savings banks; and
may invest not exceeding twenty per centum of their deposits and
surplus in notes, each of which shall be the joint and several obliga­
tion of two or more parties, all residents of this State.
(2) And may invest in the bonds of the United 8tates, the District o f
Columbia, any of the New England States, or any of the States of New
York, New Jersey, Pennsylvania, Delaware, Maryland, Ohio, Ken­
tucky, Michigan, Indiana, Illinois, Iowa, Wisconsin, Minnesota, Mis­
souri, Kansas, Nebraska, California, Colorado, and Oregon;
(3) In the bonds of any city in the New England States, or in theState of New York; of Newark, Paterson and Trenton in the State off
New Jersey; of Philadelphia in the State of Pennsylvania; of Cincin­
nati, Cleveland, Columbus, Dayton, and Toledo in the State of Ohio;
of Louisville in the State of Kentucky; of Detroit in theState of Mich­
igan; of Chicago in the State of Illinois; of, Milwaukee in the State o f
Wisconsin; of St. Louis in the State of Missouri; of Omaha in the
State of Nebraska;
(4) Or in the obligations ot any of the counties, towns, cities, bor­
oughs, and school districts in thisr State,
(5) Or inYihe capital stock of any bank or trust company located in
this State, or in the city of New York in the State of New York, or in
Boston in the State of Massachusetts;
(6) Or in the bonds of any other incorporated city located in any off
the States mentioned in this act, having not less than twenty thousand
inhabitants, as ascertained by the United States or State census, or any
municipal census taken by authority of the State next preceding such
investment; provided, the amount of the bonds of said city, including
the issue in which such investment is made and its proportion (based,
on the valuations contained in the assessment for taxation next pre­
ceding such investment) of the county and town debt, after deducting
the amount of its water debt, and the negotiable securities in the sink­
ing funds which are available for payment of its bonds, does not ex­
ceed seven per centum of the valuation of property in said city asassessed for taxation next preceding such investment; provided, al­
ways, that the State or city issuing said bonds has not defa ulted pay­
ment of any of its funded indebtedness or interest thereon within
fifteen years next preceding the purchase of such bonds by the savings
bank; but this act shall not be held to authorize the investment of any
funds in “ special assessment bonds” or “ improvement bonds” , sc«
called, which are secured only on the property benefited, except in
those States where such bonds are by law a direct and primary obliga­
tion of the city issuing the same;
(7) Or in the first mortgage bonds of any railroad company, whose
road is located wholly or in part in any of the States mentioued in this’
A ct; provided, said railroad is located wholly within the United States,
or in the consolidated bonds of any railroad company incorporated by
this State and authorized to issue such bonds to retire the entire
funded debt of said com pany; provided, that in every case the rail­
road company in the bonds of which an investment is made shall have
paid each year, for a period not less than five years next previous to
such in vestment, in addition to the interest on its funded indebted­
ness, dividends of not less than four per centum per annum upon its
entire capital stock outstanding; and provided, further, that said out­
standing capital stock at the time of such dividends equals or exceedsin amount one-third o f the entire outstanding issue of said bonds; but
this act shall not be held to authorize any investment in the bonds
of any corporation operating its railroad exclusively by any means
other than steam as a motive power, or in the bonds of any street rail­
road company.
(8) All other investments shall consist of deposits in incorporated
banks or trust companies located in this State or in the States of New
York, Massachusetts, or Rhode Island,
(9) Or of loans secured by mortgage on unincumbered real estate
situated in this State, worth double the amount of the loan secured;
thereon, provided that any savings bank in the town of Putnam may
loan on land located in the County of Providence in the State of Rhode
Island; any savings bank in the town of Ridgefield may loan on land
located in the County of Westchester in theState of New Y ork; any
savings bank in the town of Enfield or in the town of Stafford may
loan on land located in the County of Hampden in the State of Massa­
chusetts; and any savings bank in the town of Stonington may loan
on land located in the County of Washington in the State of Rhode
Island.
It would seem according to the foregoing amendment of section
1,800 that only forty per cent of the deposits and surplus of any
savings bank may be employed on personal security, but that no limit
is placed upon the amount which may be invested in the other securi­
ties mentioned in the section.
The subjoined sections, 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 Ecclesiastical
Societies; section 1,804 restricting amount of loans to one party on
personal security; section 1,805 forbidding loans on single names.
Sec. 1,803. No loan shall be made by any savings bank to a manu
facturing corporation or ecclesiastical society, secured by mortgage
upon their property, unless the same shall be accompanied by theindividual guarantee of some responsible party or parties, or by other
collateral security of equal value to the amount of the sum loaned,,
and the directors or trustees of any such bank consenting to any loan,
contrary to the provisions of this section shall be held individually
responsible to the full extent of such loan.
Sec. 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.

CONNECTICUT— CITt£S ¿1*0 TOWNS,

October, 1898.

35

Sec. 1,805. No savings bank shall buy, or lend any money upon, any
obligation on which only one person or firm shall be holden, without
taking additional security for the same equivalent to the guaranty or
indorsement of some other responsible party.
Besides the ordinary safeguards which are in all savings bank laws
there is one of no little importance that ought to aid materially in pre­
venting incautious loans. We refer to the provision below.
Sec. 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 b e prim a facie evidence of tha
truth of the statements therein contained.

Interest.——.
,----------- -Principal------------ ,
LOANS......
____
Pate. Payable.
When t Hie. Dutstand’g.
N
A M E A N D .PU R PO
SE.
City funding b onds... 1873 7
J & J
July 1, 1900
$150000
Municipal bonds........ 1878 5
J & J
July 1, 1908
150.000
do
do ..........1885 3 ^ J & J
July 1, 1915
125,000
Corporate bonds........ 1889 4
J & J
July 1, 1919
400,000
City bonds.................. 1894 4
............
1924
500,000
Court-House (town bonds). 4*2 J & J
July 1, 1910
150,000
Subject to call after July 1,1900.
do
do
. 4
J & J
June 1, 1918
150,000
Subiect to call after June 1,1903.
T O T A L DE BT, ETC.— The bonded debt on April 1, 1897, was
$1,625,000; floating debt, $14,500; total debt, $1,639,500; sinking
fund, $264,631; net debt, $1,374,869.
C IT Y P R O P E R T Y .—The city owns property (parks, buildings, ete.)
T R U S T FUNDS— H O W LOANED OR INVESTED—We find in
which it values at $1,991,996.
Section 495 of the General Statutes the following liberal provisions
DEBT LIM ITATION.—The city’s charter provides that the city debt
providing that trust fluids may be loaned or invested in the same
cannot be increased except by issue of bonds authorized by the Legis­
securities savings banks are authorized to invest in.
lature of the State. There can be no increase of debt by tem­
Sec. 495.—Trust funds, unless it is otherwise provided in the instru­ porary loans. The city is obliged to live within its income, except when
ment creating the trust, may be loaned on the security of mortgages on an issue of bonds may be necessary for some special purpose and is
unencumbered real estate in this State, double in value the amount authorized as above.
loaned, or may be invested in such mortgages or in the bonds or loans
ASSESSED VALI JAT ION.—The city’s assessed valuation (about
o f this State, or of any town, city, or borough of this State, or in any actual
value) has been as follows :
bonds, stocks, or other securities which the savings banks in this State
Tax Valuation.
Tax Valuation. Years.
are or may be authorized by law to invest in, or may be deposited in Years.
1892.................... ........ $25,522,181
1897................ .......... $58,941,678
savings banks incorporated by this State.
1896................ ........... 57,539,239 1890.................... ........ 24,012,457
1895................ .......... 57,094,379 1880.................... ........ 11,626,267
1894................ ........... 56,623,579 1870.................... ........ 12,139,873
7,988,442
1893................ ........... 54,301,107 1860.................... ........
Cities , Counties a n o T owns
TAX RATE (per $1,000) in 1897 was $12-00.
IN THE

POPULATION.—In 1890 population was 48,856; in 1880 it wa
27,643 (including town, 29,148). Estimated in 1898 at 65,000.

S T A T E OF C O N N E C T IC U T .

B R I S T O L . — 0 . S. T r e a d w a y , Treasurer.
This town is situated in Hartford County.
Note .—For debts o f minor civil divisions not found among the state
LOANS—
When Due. Floating debt.................... $52,197
menls given below, see “ Additional Statements ” at the end o f this State.
Total debt......................... 202,197
B onds—
The relation which the towns, cities and boroughs of this State bear 4s,F unding
8,137
J&J,
$26,000........Jan.
2,1903 Sinking funds.................
to one another is peculiar, and requires a word of explanation. The
each 5th year) to Jan.2,1908 Net debt Jan. 1, 1898 . . . 194,060
State is divided into eight counties, and these counties are made up of 4s,(part
Tax
valuation
1898.........5.609,242
J&J,
$100,000...
July
1,1927
towns, numbering in the aggregate 167. The towns are the civil unit,
Assessment is ^ actual value.
H igh School B onds—
and on the assessed valuation (which is called the “ Grand List) of each
J&J, $24,000........Jan. 1,1901 Town tax (per $1,000) ’97.. $10-00
town ” is levied the tax for State purposes as well as the tax for town 4s,(part
each 5th year) to Jan. 1,1911 Population in 1890 w as... . 7,382
expenditures. Within the town is often situated a city or a borough, or
Interest paid at Bristol Nat. Bk. Population in 1880 was___ 5,347
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 Bonded debt Jan. 1, ’ 98. $150,000
town in which it lies. Of late several towns and cities whose limits
were about identical have been consolidated and the outstanding C A N T O N . — J. H . B idwell , Treasurer.
bonds of both town and city are reported together without distinction.
This town is in Hartford County.
This is the case with the city and town of Hartford, which previous to
$5,050
LOANS—
When Due. Cash, sinking fund, etc..
April, 1896, reported their debts separately. The city and town of
Notes,
$5,000.......................... 1900 Net debt, Deo. 1 ,1897..
23,950
New London have been consolidated and also Bridgeport city and
“
5,000........................ .1905 Tax valuation 1898........ 1,558,686
town. On December 7,1897, city, town and school district of New
“
5.000......................... 1910 Assessm’ t about 65% actual value.
Haven were likewise consolidated. In general, however, town and
“
7,000
1915 Tax rate (Town) per M.
city are distinct.
$13-00
Funded
debt
Dec. l , ’97.. $22,000
1897...............................
The borough stands in about the same relation to the town as does
Population 1890.............
2,500
the city. The grand list as determined for the town is used by both the Floating debt (due July 1,
1898),............................
7,000
Population
1897
(est.)...
3,000
city and the borough in levying taxes, the city, for instance, putting a
tax of its own on its share of the total grand list of the town. This tax Total debt Deo. 1,1897.. 29,000
is additional to the town tax. In some instances the schools are in the
charge of school districts, which also are empowered to issue bonds C H A T H A M . — A. H . Co n k l in , Auditor.
and to levy a tax, so that to cover the total tax paid by a city it is
This town is in Middlesex County.
necessary to take into account the State, town, city and school district
LOANS —
When Due. I Assets................................... $16,615
levies. In the statements which follow we give under one heading the
R ailroad A id B onds—
|Net debt Oct 1,1898....... 99,008
town and city, wherever they bear the same name, for though distinct
J&J, $40,000..Jan. 1,1911 Tax valuation,real............521,088
corporations, their debts are to a greater or less extent the debts of a 4s,
375s, J&D, 35,000..June 1,1910 I Tax valuation, person al...238,435
single community.
3-65s, J&D, 37,000. June 1,1909 I Total valuation 1897 ....... 759,523
a m c d m i
A
J FRANKLIN BURTON, Mayor.
A 1 N o L J I N 1A V .— \FRED M. DREW, Treasurer.
Bonded debt Oct. 1, ’98..$112,000 |Assessm’t from 8» to % act. value.
3,623 I Tax rate (per $1,000)___„. .$25-00
Ansonia is in New Haven County. By an act of the Connecticut Floating debt....................
Legislature of 1893 the borough, town and fire district of this name Total debt........... ............. 115,623 |Population in 1890 w as........ 1,949
O PTIO N AL.—Ten thousand dollars of the 4 per cent bonds are
were consolidated to form the present city.
subject to call after 10 years and $10,000 after 15 years.
D emand Notes—
LOANS —
When Due.
T own op A nsonia B onds—
. . . . . ..........$15,600.................... ...
T A X FREE.—All of the town’s bonds are exempt from taxation.
As, g., J&J, $100,000,g.Jan. 1,1912 Total debt Feb. 1,1898.. $340,600
INTEREST payable at Central National Bank, Middletown, Conn.
Subject to call after. Jan. 1,1902 Tax valuation 1898........ 4,569,851
City of A nsonia B onds—
Assessment about % actual value.
4s, g., M&N, $150,000,g.May 1, ’ 15 Tax rate (per $1,000) ’97. . .$22-00 C O L C H E S T E R . — W m, B. Otis , Treasurer.
Borough op A nsonia B onds— Population in 1890 was......10,342
This town is situated in New London County.
RiflS, A&O, $75,000................ 1908 Populationin 1898 (est.)__ 13,000
L O A N S - ____
When Due. Tax valuation 1898 .........$963,780
Town bonds, $45,000.1896 to 1902 Assessment about 23 actual value.
B E T H E L . — W illiam H . J udson, Treasurer.
Floating dent................... $22,014 Tax rate (per $1,000)’9 7 .. $18-00
Total debt 8ept. 1,1896... 67,014 Population in 1890 w as........ 2,988
This town is in Fairfield County.
LOANS —
When Due. Total debt Oct. 1 ,1 8 9 7 .. $65,374 Total debt 1897............... 52,500 Population 1896 (est.)........... 2,500
F unding Bonds—
Assessed valuation, real. 1,137,466
■4s.............$20,000.......... 1899-1908 Assessed valuation, per’l. 130,123 F i A ' N 'R T T F i 'Y ' __ $CHARLES KERR, Mayor.
J WALLACE G. OLMSTEAD, Clerk.
($2,000 yearly on Mar. 1.)
Total valuation 1898__ 1,267,589 D A n u u n a .
The City of Danbury is situated in Danbury Town, Fairfield County.
4s........... . $ 3 0 ,0 0 0 ....Oct. 1, 1919 Assessment about % actual value.
Bonded debt Oct. 1,1897..$50,000 Tax rate (per $1,000) 1897) .$15-00
LOANSWhen Due. 4s, J&J, $ 4 5 ,0 0 0 ....Jan. 1,1920
Floating debt.......... .......... 15,374 Population in 1890 was........ 3,401
I mprovement B onds—
Bonded debt May 1, ’97. .$481,000
4s, J&J, $155,000....Jan. 1,1920 Floating debt.................... 350,000
IN TE RE ST payable at the Importers’ & Traders’ Nat.|Bank, N. Y.
4s, J&J, 100,000....July, 1923 Total debt May 1 ,1897.. 831,000
F u n d in g B o n d s —
Sinking funds.............
4,000
B E T H E L . — H . H . W oodman, Treasurer.
4s, M&N. $150,000... 1927 to 1936 Water debt (inol. above). 225,000
($10,000 annually and $50,000 Tax valuation, real........ 5,809,413
This borougn is in Fairfield County.
in 1937, on May 1.)
LOANS—
When Due. Floating debt..................
$9,500
Tax valuation, personal. 885,037
W ater -W orks B ondsWater B onds—
Total valuation 1896 . 6,694,450
Total debt Sept., 1898...
41,500
68, M&8, $8,000....... Sept. 1,1903 Tax valuation 1897.........1,038,782 4 L3S, J&J, $ 2 8 ,0 0 0 ....July 1,1900 Assessment is *3 actual value.
6s, M&S, 9,000....... Sept. 1.1908 Estimated actual value.2,000,000 4138, J&J, 3 0 ,0 0 0 ....July 1,1905 Value of city property . $600,000
Water B onds, 1895—
10 00
Borough tax rate (per$l,000)$5-00 4*as, J&J, 3 0 ,0 0 0 ....July 1,1910 Tax rate (per $1,000)___
4s, A&O, 15,000........ 1915, ’ 20, ’ 25 Population in 1890 was........ 2,335 4s, J&J, 34,000.... July 1, 1899 Population in 1890 was.......16,552
($5,000 due each year on Oct. 1.) Population in 1898 (est.)___3,000 (Payable $3,000 semi-an. to 1912.) Population in 1897 (est.)... 19,000
►Bonded debt Sept. 1, ’98. $32,000
INTEREST on the improvement bonds and on the water bonds of
INTEREST is payable at the Importers’ & Traders’ Nat.Bank, N. Y. 1920 is payable at the National Park Bank, New York; on all other
bonds at the Importers’ & Traders’ National Bank, New York.
B L O O M F I E L D . — A . E. W ells, Clerk.
This town is situated in Hartford
LOANS—
When Due.
R ailroad B onds—
4s, F&A, $32,000.......... Feb., 1900
Other B onds414. M&S, $26,000.........................
Total debt Feb. 1,1898. ...$58,000
Floating debt..................... 2,245
Total debt Feb. 1,1898
60,245

County.
Sinking fund....................... $10,276
Net debt Feb. 1. 1898....... 49,969
Tax valuation, real............637,550
Tax valuation, personal... 118,070
Total valuation 1897.........755,620
Assessment from % to actual value.
Tax rate (per $1,000).......... $15-00
Population in 1895 was........ 1,264
Population in 1890 w as........ 1,308
INTEREST is payable at the Me< hanics’ Savings Bank.

YDTD r n m T P D R T 1
STHOMAS P. TAYLOR, Mayor.
I .— ) BERNARD KEATING, Auditor.
Bridgeport is in Fairfield County. In 1889-90 the town and city of
¡Bridgeport were consolidated, the city assuming the town’s debt.




D E R R Y __5CHAS. S. CHAFFEE, Mayor.

1
I CHARLES E. ¡LARK, Treasurer.
This city is situated in New Haven County. By enactment o f the
Legislature in 1893 the town of Derby, borough of Birmingham, and
the school districts of the town, were consolidated under one form o f
government, assuming the name of the “ City of Derby.” The consoli­
dation took effect on January 1, 1894, and the debts of the town,
borough and school districts were assumed by the city.
LOANS —
When Due. Total debt..............
$183,956
F unding Bonds—
Sinking fund assets, & o.. 18,054
4s,
A&O, $60,000..Oct. 1,1908 Net debt Jan. 1, ’9 8 ........ 165,901
4s, g., J&J, 102,000g.July 1,1914 Interest is payable at Derby.
I mprovement B onds—
Tax valuation 1897___ $4,811,395
4 s ,............, 10,000 July 1,1906 Assessment same as actual value.
Subject to call after July 1,1897. City tax (per $1,000) 1897...$9-00
Bonded debt Jan. 1, ’98..$172,000 Population (local estimate) ..7,500
Floating debt..................... 11,956 Populationin 1890 was........ 5,969

E A ST

Yol. L X V II

STATE AW® CITY SUfflEWEWT,

8 6

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

This town is in Hartford County.
When Due.
LO A N S—
B ridge B onds—
3*6s, A&O, $ 3 9 ,6 0 0 ....Oct. 1,1919
Subject to call after Oct. 1,1899
B ridge and Road B onds—
4s, A&O, $3,000..........Apr. 1.1899
4s, A&O, $60,000...Apr. 2, ,04-’24
Bonded debt Sept.26,’98. $105,600
Floating debt..................
30,000
Total debt Sept. 26,1898. 135,600

Available a ssets............
Valuation, real.................2,477,996
Valuation, personal........ 406,186
Tax valuation 1897....... 2,884,182
Tax valuation 1898........ 3,125,730
Assessment about actual value.
Tax rate (per $1,000) 1897.$15*00
Population in 1896 (est.)— 5,200
Population in 1890 was........ 4,455

E N F I E L D . — E. E. Spencer , Treasurer.
This town is in Hartford County.
L O A N S—
When Due. Tax valuation 1898— $3,203,276
Assessment about 25 actual value.
T own B onds—
4s, M&N, $50,000..... May 1,1904 Tax rate (per $1,000) 1898..15*00
4s, M&N, 25,000......Nov. 1.1920 Population 1890 was............. 7,199
Population 1880 was........ - - .6,755
Subject to call.
Total debt May 1 , 1898...$75,000 Population 1898 (estimated) .7,000
IN T E R E S T payable at the Thompsonville Trust Co.

E S S E X . — L. L. W ooster, Treasurer.
This town is in Middlesex County.
L O A N S—
When Due. Tax valuation 1898........ $950,689
Assessment is % actual value.
R efunding Railroad B onds—
3*65s, A&O, $44,000........................ Tax rate (per $1,000) 1897.$14*00
Population
1890 was............. 2.035
Macadam N otes—
. . , ........ . $9,000.............................. Population 1898 (estimated) 2,179
Net debt Sept. 1,1 89 8 .......$53,000
IN T E R E S T is payable at the Essex Savings Bank.
TA X FREE.—All bonds are exempt from taxation.

A S S E S S E D V A LU A T IO N .— The city’s assessed valuation and tax
rate have been as follows:
Tears.
Real Estate. Personal Property.
Total.
i aoj
.. .
$61.039.508
H 97.................................
61,000,000
1896*.'.’. ’. '.'."$39,398,785
$15,923,466
55,322,251
1895........... 36,808,488
16,403,193
53,211,681
1890........... 30,596,238
16,629,086
47.225,324
1889........... 30,171,885
16,048,479
46,220,364
1388........... 27,847.349
19,500,122
47,347,471

Tax Bate.
$17*50
17*00
*17 00
17*00
20*50
20*50
20*50

* School tax (average $3 per $1,000) additional.
POPULATION —In 1890 the population of Hartford was 5 3 ,2 3 0 ;
n 1880 it was 4 2.553: 1898 estimated at 75.000.
H artford “ F irst School D istrict.” — George C.

Bailey, Chairman of Commissioners.
LOANS —
When Due.
__ _
■
4s............ $100,000___May 1,1927 (Subject to call after May 1,1907)
H artford “ A rsenal School D istrict.” — G. H.

Burt, Treasurer.
LO ANS- ‘

When Due.
1917

4 s ...........,$100,000...................................................................................

H U N T I N G T O N . — J.

T omlinson , Treasurer.

This town is in Fairfield County.
LO ANSWhen Due.
4s, J&J, $75,000........ July 1,1917
Bonded debt Jan. 1, ’98. ..$75,000
Floating debt...................... 15,000

(P. O. Shelton.)
Total debt Jan. 1, ’ 9 8 ... $90,000
Assessed valuation ’ 97..3,964.979
Tax rate (per M.) ’ 97 (abt.)...$7*00
Population in 1890 w as........ 5,958

K I L L I N G L Y . — F. T . P r e s t o n ,* Treasurer

This town is in Windham County
LO A N S—
When Due. Tax valuation 1898— $2,443,763
Tax rate (per $1,000) 1897.$! 5*00
F unded L oan 1893—,
F A I R F I E L D . — 0 . C. J en n in g s , Treasurer.
4s, M&N, $55,477........ On demand Population 1890 was.............7,027
This town is in Fairfield Countv.
Total debt Jan. 1,1898...$106,048 Population 1880 was.............6,921
The funded loan of 1893 is held by the Chelsea Savings Bank, Nor­
LO A N S —
When Due. Total debt 1897................ $111.650
Tax valuation 1897.........3,117,402 wich, Conn. The town pays interest on this loan at the rate o f 5 per
Town B onds—
10*00 cent, the additional 1 per cent being credited to a sinking fund.
.........
$67,000.......... 1897-1925 Tax rate (per $1,000)’97.
Bonded debt 1897..............$67,000 Population 1890 was..............3,868
Floating debt..................... 44,300 Population 1880 was..............3,748
L I T C H F I E L D . — G. M. W oodruff, Treasurer.
, -I . i
t I—
,r i
.
5 T. BAKER, Treasurer.
Litchfield Village is the county seat of Litchfield County.
F A IR F IE L D
L /C J .— £ HENRY LEE, Secretary County
Interest is payable in Litchfield.
LO A N S—
When Due,
Commissiners.
Bonds are aU tax free.
Court H ouse—
County seats are Bridgeport and Danbury.
Total debt Jan. 1, ’9 8 ... $83,500
41
2S,
July
28,
$3,500...On
demand
$105,000
LO A N S —
When Due. Bonded debt Aug. 1,’98
Tax valuation, real........ 2,410,005
R
ailroad B onds—
Tax valuation 1897.. .127,839,619 4s, J&D, $20,000.......On demand Tax valuation, personal. 555,201
County bonds—
..s , .......,$45,000...................1 9 1 3 Assessment about % actual value. 4s, J&D,
20,000.... June 1,1901 Total valuation 1897___2,965,206
Subject to call..........................1903 Population in 1890 was— 150,081 6s, J&D,
Assessment about actual value.
20,000.... June 1,1906
Population in 1880 w as....112,042 6s, J&D,
J ail B onds20,000.... June 1,1911 Total tax (per $1,000) ’ 96 $10*00
48, J&J, $60,000........ July 1,1909
Bonds are aU subject to call five years before date of maturity.
Subject to call after July 1,1899
P O P U L A T IO N . — Population, including borough, in 1890 was 3,304;
in
1880 was 3,410; in 1870 was 3.113.
G L A S T O N B U R Y . — 0 . R. M organ , Treas.
This town is in Hartford County.
M E E T IN G H O U S E S C H O O L D IS T R IC T .
F unding bonds—
I Tax valuation 1898— $1,642,810
4s. J&J, $100,000......... 1903-1928 Tax rate (per $1,000) ’97.. .$15*00
This district is in Fairfield County, Town of Greenwich.
($15,000 in 5 .1 0 .1 5 & 20 years & Population 1890 w as............. 3,457 Bonded debt Sept. 1 , 1897.$50,000 Real valuation...............$7,500,000
$40,000 in 30 years.)
|Population in 1880 w as........ 3,580
Population of Dist.,’94 (est.).3,500
District has no floating debt.
Tax valuation, 1893---- $3,000,000 Populat’n of Town ’94 (est.). 11,500
G R E E N W I C H . — H iram J un e , Treasurer.
INTEREST on the bonds is payable by the Greenwich Trust Co.
This town is in Fairfield County.
TT1171\T __ 5 AMOS IVES, Mayor.
Town debt 1897............. $317.020 Borough valuation ’97.$1,683,471 Ift/rurTZ?
V iJ l.J r t I D I l.lN .— 1 HERMAN HESS, City Clerk.
Town valuation 1898___8,347,429 Borough tax rate (p $1,000) .$8*00
The town and city of Meriden are situated in New Haven County.
Tax rate (per $1,000)—
T3 00 Population in 1890 was.......10,133
During the year 1896 the town of Meriden voted to consolidate the
Borough debt 1897.........
46,443
schools and assume the debt of all the school districts, amounting to
$61,010 45.
G R O T O N . — J. 0 . F ish , Treasurer.
LOANS/— Interest.— >
--------Principal.---------- >
Groton is in New London County.
NA ME A ND PURPOSE.
Bate. Payable.
When Due. Outstand’g.
City of Meriden B onds—
LO A N S —
When Due. Floating d e b t.................. $26,341
Total debt Fee. 1.1898..
91.341 Cityimprove’t bonds. 1876 6 J & J | $10j)o6 yearly } $10,000
R efunding—
4s, M&N, $45,000.......May 1,1899 Total valuation 18 9 8 ___2.174,975
J& J
July 1, 1914
50,000
($5,000 biennially) to May 1,1915 Assessm’t from ^ to ^ act’l value. Fundingbonds............1895 4
135,000
4s, M&N, $20,000.......May 1,1908 Total tax (per $1,000) ’97...$15*00 Sewer bonds................ 1893 4 M & N May 1,1900 t o ’ 13
$10,000
due
y’rly.
for
13
yrs.,
$5,000
in
14
yrs.
Bonded debt Feb. 1 , 1898...$65,000 Population 1890 was..............5,539
3*2 J & D June 1, 1899
40,000
I N T E R E S T on the 6s is paid by the Mystic River National Bank at Water bonds.................1889
$20,000
due
yearly
to
June
1,
1900
Mystic; on the 4s by the Town Treasurer.
do
............... 1893 4 M & N May 1,1901 t o ’ l l
210.000
$20,000 due y’rly for 10 yrs., $10,000 in 11 yrs.
t t a t ~>nr»T-r<<—vt-» t >
5 MILES B. PRESTON, Mayor.
do
,.1895-’96-’97 4
J & J July 1 ,1911-’12-’ 13
50,000
n A n i r KJiTiLJ.— ¿ c . C. STRONG, Treasurer.
T own of Meriden B onds—
1896 to 1912
260,000
The town and city o f Hartford were consolidated on April 1,1896, War and High School........ 6 ,4 * 2 * 4 . . . .
and their debts are no longer reported separately.
INTEREST on the city’s water and sewer and funding bonds is
LOANS-— Interest.— > ,------------ Principal.------------> payable at the Importers’ & Traders’ National Bank, New Y o r k ; on
N A M E A N D PU R PO SE.
Pate Payable.
When Due.
Outstand’g the improvement bonds at the Fourth National Bank, New York.
T O T A L DEBT, E t c .—The city’ s bonded debt on August 1, 1898
Funding bonds........ 1893 4
J & J
July
1, 1918
$290,000
Park improvement.. 1896 3*2,g. J & J Jan. 1, 1926
g. 150,000 was $495,000; floating debt, $106,500; total debt, $601,500. The
do ......................... 1897 3^2,g ,J & J Jan. 1, 1926
150,000 water debt (included in the above total) is $330,000. The town’ s
Paving bonds..........1897 3*2,g, J
& J Jan. 1, 1938
100,000 total debt August 1, 1898, was $332,538 48.
Munimpal bonds__ 1897 3*ii,g, J
& J Jan. 1, 1938
200,000
ASSESSED VALUATION of city in 1897 was $12,101,434; tax
Police department..1897 Shj.g, J & J Jan. 1, 1923
75,000 rate (per $1,000), $10*50. The town of Meriden in 1898 had a grand
Consolidated bonds*.1889 3
J & J
July
1, 1909
750,000 list of $16,610,510; tax rate, $10*50 per $1,000.
Refunding b on d s.... 1897 3 ^ J & J
Jan.
1, 1922
800,000
of Meriden City in 1890 was 21,652
do
do
....1 8 9 7 3*2 M & N May
1, 1922
270,000 inPOPULATION.—Population
1880 was 15,540. Population of Meriden town, including the city,
Improvementbonds.1897 38a J & J
Jan. 1, 1922
250,000 was
in
1890
25,423;
in
1880,18,340;
in 1870,10,495
Water.........................1874 6
F & A Aug. 1, 1899
202,000
do .........................1892 5
J & J
July
1, 190»»
48,000
do ......................... 1893 4g. J & J
July 1, 1918
475,000 M I D D L E F I E L D . — A lfred H . A ugur , Treasurer.
do (Reservoir)... 1893 4g. J & J
July 1, 1918
200,000
------(Subject to call after July 1,1908.)
This town is in Middlesex County.
* Non-taxable.
LO ANS—
When Due. I Tax rate (per $1,000)...........$18*00
Capitol bonds to the amount o f $7,000 due January 1,1897, have RR. bonds, $38,000, part yearly. I Population in 1890 was....... 1,002
not yet been presented for payment. An equal amount of cash is held Total debt Mar. 25,1898..$39,508 I Population in 1880 was.......
928
to redeem the same when presented.
Tax valuation 1896............435,310 |Population in 1870 was....... 1,053
PAR VALUE.—The city’ s bonds are aU for $1,000 each.
INTEREST on all of the city bonds is payable at the oity treasur y
5 HENRY E. WEEKS, Mayor.
M I D D L E T O W N , (JAMES P. STOW, Treasurer.
T O T A L DEBT, E T C Apr. 1,1898.
Apr. 1,1897. Apr. 1,1896.
Middletown City is situated in the town of Middletown, Middlesex
Total bonded debt................ $3,960,000
$3,487,000
$3,430,000 County. The city and town are distinct corporations, and the debts o f
Floating debt........................
121,455
194,181
229,081 both are given b elow :
LO A N S—
-— Interest.— ,
----- Principal.---------- ,
Total debt........................ $4,081,455
$3,681,181
$3,659,081 NAME AND PURPOSE.
Rate. Payable.
When Due. Outstand’g.
Sinking fund..........................
313,732
309,851
437,891
City of Middletown D ebt :
Water debt (included). —. . .
925,000
970,000
970,000 Fd. dbt.bonds, (reissued), 1889 4
A & O Oct. 1, 1909
$25,000
W ATER DEPARTM ENT is self sustaining, raising from water
do
do 1884.................... 4
M & N Nov. 1, 1914
25,000
rents $30,000 to $40,000 each year above interest on its bonds and all
do
do 1894,.................. 4
A & O Oct. 1, 1914
25,000
Subject to call after Oct. 1,1904.
ordinary expenses.




—Principal,/------ Interest.—
When Due. Outstand’g.
Bate Payable.
June 1, 1902
$175,000
Boulevard sewerage..1887 3*2 J & D
($25 J)00~due yearly) to June 1, 1908
t250,000
A&O
Oct. 1, 1901
City sewerage............. 1871 7
200,000
do
' ............. 1889 4
A&O
Apr. 1, 1910
($25,000
due
yearly)
to
Apr.
1,
1917
do
do
1894................... 4
M &S ^ S o b o d u e y -r 1! ^ 28’000
do
.?1892 4
A&O
Apr. 1, 1918
100,000
do
do
1895........... ........ 4 M & N
...................
35,000
___ __
($25.000 due yearly) to Apr. 1, 1921
Subject to call after May 1,1905.
do
1894
4 A & O Apr. 1, 1922
100,000
Water bonds, 1883...................... 4 M & N May 1, 1908
20.000
($25,000 due yearly) to Apr. 1, 1925
do
do
1894..................... 4 F & A
Feb. 1, 1899-’09 22,000
do
1896 4 J & D
1926-1929
100,000
($2,000 annually.)
($25,000 due yearly.)
do
do
1885..................... 3-65
J & J
July 1,
191555,000
do
1885 3*2 F & A
Feb. 1, 1899
90,000
200,000
do
do
1897..................... 4 J & J July 1, 1922
($15,000 due yearly) to Feb. 1, 1904
T own of Middletown D ebt . (Exempt from taxation):
____
____
1890
4
J
&
J
Jan.
1,
1910
100,000
Library*___
Railroad bonds.......................... 4 F & A Aug. 1, 1910
244,000
($10,000 due yearly) to Jan. 1, 1919
do
.......................... 4 J & J Jan. 1, 1899
200,000
P avin g. . . . . . . . . . . .
.1896 4
..
Oct. 1,1901
250,000
$20,000 due yearly to Jan. 1, 1908
($62,500 due every 5 years) to Oct. 1, 1916
.......................... 3*65 J & D June 1, 1909
340.000
do
T
own of New H aven D ebt .
T O T A L DEBT, Et c .—The city’ s total debt (all bonded) on Jan.
1889 3*3 J & J
July 1, 1910
500,000
1.1898, was $526,000, of which $299,000 was water debt; water sink, Air Line RR. bonds....($25,000
due yearly) to July 1, 1929
ing fund, $14,485; net water debt, $2*4,515. The town debt on Jan* East Haven, ref.............
1887
4
M
&
N
1897
to
1907
60,000
1.1898, was $804,000.
Funding................................ 3*3 J & J
July 1, 1909
200,000
W A T E R W O R K S —The net income of the water department for
Subject to call after July 1, 1899
1889 was $10,803; cost of construction and maintenance to Jan. 1, Park bonds................... 1890 S1*} J & J
1940
100,000
1897, was $526,802.
Subject to call 1910
do do ............................ 4
....
100,000
ASSESSED VALUATION—The city’s tax valuation in 1897 was
M&N
............ 1902
25,000
about $6,201,743. The town’s valuation in 1897 was $8,831,861. The Quinipiaobridge.................. 4
Subject to call.
total city and town tax for 1897 was $19-00 per $1,000.
War
loan
...............................
6
.
.
.
.
18,200
P O PULATION .—Population of Middletown City in 1897 (est.) was
* Exempt from taxation,
12,000; in 1890 was 9,018.
t Payment is provided for by sinking fund.
Population of town, including city, in 1897 (est.) was 18,000; in 1890
For School District Debt see separate statement further below.
was 15,205; in 1880 was 11,732.
PAR VALUE OF BONDS.—The bonds are all for $1,000 each
•xoept the town War bonds, part of which are for $200 and $500.
TyjTTr i .1.—\t , i—v
CSANFORD HAWKINS, Treasurer.
INTEREST on all issues is paid at the City Treasury, except that
U i r U J . — Pr i c h a r d r . h e p b u r n , cierk.
Interest on the school district bonds is payable at the New Haven
This town is in New Haven County,
LO A N S —
When Due. Total debt Sept. 20,1897..$81,513 County National Bank at present.
Assets................................
16,129
T own B onds—
FUND, Et c .
Net debt Sept. 20,1897..
65,384
5s, $3,000.....................
Dec. 1, ’ 96.
Dec. 13, ’ 97.
Oct. 1, ’98,
4s, J&J, $29,900..........Jan. 1,1915 Tax valuation 1898......... 1,860,529
$1,295,000
$1,445,000
.$1,430,000
Tax rate (per $1,000) ’97.. .$14-00
4s, $45,600..................
32,336
32,336
Floating
debt.
Int. payable at Treasurer’ s office. Population in 1890 was........ 3,811
Bonded debt Sept. 20, ’97.$78,500 Population in 1880 was........ 3,347
$1,477,336
$1,327,336
.$1,430,000
Floating debt..................... 3,013
354,837
.
*04,584
1*8,937
LOANS,----- Interest.------ —
■Principal.-----------NAME AND PURPOSE.
Bate. Payable. When Due. Outstand’gi
Municipal building..........1895 4
M&N
..............
$36,000
Subject to call after May 1,1905.
53,000
Sewer bonds, 1872-74............... 6 J & D Dec. 1, 1901

LO A N S —

N A M E A N D P U R PO SE.

M O N T V I L L E . — E. M. D ruley , Cierk.
This town is in New London County.
L O A N S—
When Due. I Total valuation 1897 ..$1,005,311
Wa r , E tc.
|Tax valuation 1898.......1,097,507
................ $30,000.....................1904 I Assessment is 23 actual value.
Bondeddebt Jan. 1,1898. $30,000 |Total tax (per $1,000) ’ 97___ 16-00
Floating debt..................... 22,538 Population 1890 w as............. 2,344
Total debt Jan. 1 ,1 8 9 8 ... 52,538 |Population 1880 was..............2,664
Assessed valuation, real.. 878,780 I Population 1898 (est.)...........3,000
Assessed valuation, pers. 126,5311

N A U G A T U C K . — J ohn M. Pag e , Treas.
This town is in New Haven County.
LO A N S —
When Due. Total debt A ug.1,’ 98 ....$220,829
4s........$45,000........... Mar. 1,1907 Tax valuation 1897.____7,379,714
Refunding B onds—
Tax rate (per $1,000) 1897.$12-70
4s, A&O, $100,000...April 1,1912 Population in 1890 was....... 6,218
Bonded debt Aug. 1, ’98..$145,000 Population in 1898 (est.). . -10,0u0
Floating debt.................... 75,829
\t

TTT

iN H . W

d d

T T A i Tvr

JtSri.1 I A i i N . —

s MORRIS C. WEBSTER, Mayor.

I g. w. CLARK, Treasurer.

The city o f New Britain is situated in Hartford County. The town
and city have separate debts, as shown below.
City of N ew B ritain D ebt :
L O A N S—
When Du
When Due.
LO A N S—
Sew er B onds (Con.)—
City B onds—
4s,
F&A,
$50,000
.
..Aug.
1, 1925
4s, J&J, $15,000.......July 1,1913
(Subject to call after Aug.1,1910)
School B ondsS
treet
B
onds
—
48, J&J, $160,000........Part yearly
4 s , .......$50,000........ Aug. 1,1925
Sewer B onds—
Water B onds7s, J&J, $130,000.......July 1,1899
4s, J&J,
20,000.......July 1,1899 48, J&J, $30,000........ July 1,1908
4s,
J&J, 20,000 ....M ar. 12,1909
4s, A&O, 15,000.......Oct. 1,1925
Optional after Oct. 1,1910 4s, F&A,200,000........Aug. 1, 1918
Optional after Aug. 1,1908
4s, F& A ,$10 0,0 0 0 ....Aug. 1,1918
4s, F&A, 5 0 ,0 0 0 ....Aug. 1, 1925 4s, F&A, $ 2 00,000....July 1, 1927
3s, J&J,
3 5 ,0 0 0 ....July 1,1913 313s , ........ 40,000 ...A ug. 1899-02
T own of New B ritain D ebt :
Town bonds.........................................
due in 1894 & 1911 $175,000
T O T A L D E B T .—The bonded city debt May 1,1898, was $908,500;
sinking funds, $90,841; net debt, $817,659. Total town debt in 1895
was $195,180.
A S S E S S E D VALUATION.—The city’s assessed valuation in 1897
was $9,162,772. Total tax in 1896 (per $1,000), $14-25.
The town’s assessed valuation in 1894 was $9,086,126; town tax
(per $1,000) was $10-00.
P O P U L A T IO N . —The town’s population (including the city) in 1890
was 19,007; in 1880 it was 13,979; in 1897 about 25,000.

N E W

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

New Canaan is in Fairfield County.
LO A N S — <
When Due. Tax valuation, real.......$1,764,613
Tax valuation, personal. 240,734
F unded D ebt B onds48, A&O, $11,000.... April 1, 1899 Total valuation 1897___2,005,347
Assessment about *5 actual value.
R ailroad and War B onds—
4s, A&O,$ 2 4 ,5 0 0 ....April 1, 1911 Total tax (per $1,000)’ 94..$14-00
Population in 1890 w as........2,701
Subject to call at any time.
Bonded debt Jan. 1,1898..$35,500 Population in 1880 w as___ 2,673
Floating debt...................... 49,195
IN T E R E S T on the railroad and war loan is payable at the Middle
tow n Savings Bank, Middletown, Conn., and on the funded debt bonds
in New York City.
'M 'R ’ W
TT A '\7'T7,'N.T JF- B. FARNSWORTH, Mayor.
IN XL W
r l A V L J N — ( B. E. BROWN, Comptroller.
This city is the county seat of New Haven County. By an act of the
■General Assembly the city, town and school district of New Haven
were consolidated December 7, 1897, under one government, and the
city assumes the assets and liabilities of the other tw o governments.
LO A N S —
-— Interest.— . <------------- Principal,------------ .
N A M E A N D PU R PO SE.
Bate. Payable.
When Due.
Oyfstand’ g.
N ew H aven City B onds—
Bridge.......................... 1896 4
....
Oct. 1, 1914
$25,000
do ........................... 1896 4
....
Oct. 1, 1915
40,000
($20,000 due yearly) to Oct. 1, 1916




.$1,225,418
.$1,003,200
.
166,029

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

$972,499
$1,007,200
166,029

.$1,169,229
Total debt of School District. . $500,000
.
230,000

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

$1,173,229

¡. $730,000

$841,012

Floating debt.

$3,304,640
.$3,124,645
The total indebtedness of the school distriot <>n December 1,1895,
was $706,675. The district owns land appraised at $1,191,298.
A S S E S S E D VALUATION.—The city’s assessed valuation and tax
rate have been approximately as follows, real estate being taken at
“ about 51 per cent actual value:”
Personal
Total
Bate o f Tax
Beal
Property.
Valuation. per $1,000
Years.
Estate.
$57,683,452
$23-00
1 8 9 7 ....................................
56,000,000
13’50
1896 ......................................
53.800.000
1895.......................................
54.500.000
12-50
1893.......................................
51,995,329
11-50
1891..................
............
1890................. $40,669,983
52,171,131
19-50
$11,501,148
The Grand List does not include property estimated as follows on
January 1,1 89 6 :
Yale College, estimated at......................................................... $6,000,000
School-houses, estimated with contents and land................. 1,500,000
Churches and institutions......................................................... 2,000,000
State, county, town and city public property........................
800,000
Railroad property and other lawful exem ptions................. 2,700,000
Total......................................
$13,000,000
P O P U L A T IO N . —In 1890 population of the city was 85,981; in
1880 it was 62,882; in 1897 it was estimated at 110,000.
N ew H a y e n Cit y S chool D istrict. — consolidated
with the city o f New Haven Deo. 7, 1897.
LO AN S—
When Due. 4s, M&N, $125,000........ 1929-1934
4s, F&A, $230,000......... 1909-1920 Bonded debt Oct.l, ’98....$500,000
($20,000 yearly on Aug. 1.)
Floating debt.................... 230,000
4s, M&N, $70,000.........1921-1924 Total debt O ot.l, 1898... 730,000
4s, F&A, 75,000.........1925-1928

N E V J H A V E N C O . — H iram J acobs, Treasurer.
County seat is New Haven.
$140,000
LO ANS—
When Due. Bond, debt Aug.15,’ 98.
3*28, g.,M&N,$140,000,g.Nov.l,’ 15 Tax valuation 1897 .154,043,938
Optional at 2 per cent premium. Population in 1890 was. ..209,058
M T T YA7’ T O 'N TT'iO TSJ $
BECKWITH, Mayor.
IN XL W
1_.U 1N U U 1 N \JOHN McGINLEY, Treasurer.
The town and city are under one government and the following
statement includes both.
,— Interest.— ,
-Principal.LOANSBate. Payable.
N A ME A ND PURPOSE.
Floating debt bonds........ . ....... 7
J & J
M & N
Park bonds.......................... ....... 4
.. 1918
25.000
School bonds...................... ......... 4
J & J
.. 1919
21.000
do
do ...................... ........ 4
J & J
.. 1920
63.000
do
do ...................... ......... 4
J & J
.. 1924
40.000
do
do ............................... 4
J & J
.. 1925
60.000
Sewer bonds...................... ....... 4
J & J
.. 1917
10,000
do
do ...................... ....... 31« J & J
35,000
Water bonds....................... ......... 7
J & J
do
do ................................ 4
J & J
.. 1919
116,000
do
do ....................... ....... 4
.............
.. 1924
60,000
INTEREST on the bonds is payable at the

T O T A L DEBT.—The total bonded debt on Aug. 1,1897, was $780,000; sinking fund, $2,720, and net debt, $797,280. The water debt of
$426,000 is included.
C IT Y P R O P E R T Y — The city owns the Groton ferry and the city
water works.
A S S E S S E D V A L U A T IO N in 1896 was $9,396,500 and the tax rat
per $1,000 was $16*00. Real estate is taxed at about 23 its actual value.
P O P U L A T IO N —In 1890 population was 13,757; in 1880 it was
10,537; in 1870 it was 9,576. Population in 1896 (estimated) 15,000.

38
N

O

STATE AW® CITY S U ffiE M E N T .
R

W

A

L

K

. - i i i S

^

& lm l[.

wnose statement is given under its own name is also in tliis town.
Town D ebt , V aluation , E tc.
_
LOANS —
When Due. Tax valuation 1895...$13,416,597
Town bonds, $100,000............1921 Tax rate (per $1,000)..........$5*00
Total debt 1896..................260,955
Citv D ebt , V aluation , E tc.
LOANS —
When Due.
Water B onds—(Con.)—
■ F undkd D ebt4s, J&J, $25,000.......July 1,1927
48, J&J, $50,000.......July 1,1927
Subject to call at any time.
Subject to call at any time.
4s,g., J&J, $50,0 0 0 ....May 1,1935
3*28,... $300,000.. Sept. 1,1918 Bond, debt Feb. 1,1898..$500,000
M unicipal P urposes—
Floating debt..................
31,851
4s, g., J&J, $50,000, g..May 1,1935 Total debt......................... 531,851
Sew er B onds—
27,000
Sinking funds about......
4s, J&J, $75,000.......July 1, 1907 Net debt April, 1898....... 504,851
4s, J&J, 75,000.......July 1,1908 Water debt (in cl)............ 252,500
Water B ondsTax valuat’n 1897..........5,103,709
48, J&J, $175,000....July 1,1926 Assessm’t about
actual value
Subject to call at any time.
City tax (per $1,000) 1897.. $8’00
INTEREST on the gold bonds due in 1935 is payable at American
Exchange National Bank; other interest payable in Norwalk.
POPULATION.—Population of the town (including Norwalk and
South Norwalk) was in 1890,17,747; in 1880,13,956; in 1870,12,119.
N O R W T C H — 5 FREDERIC L. OSGOOD, Mayor,
vv i v i i
j H. W. TIBBITS, Treasurer.
Norwich is in New London County. The city and town have separate
governments, keep separate accounts and have separate debts.
,— Interest.— ,
-PrincipalLOANS—
Rate. Payable. When Due. Outstand’g.
N A M E AND PURPOSE.
- City of N orwich D ebt .
City debt bonds, ref., 1 8 8 3 ____ 4 A & O Oct. 1, 1913 $125,000
Court house................................. 7 J & J Jan. 1, 1905
164.000
Sinking fund bonds of 1877... 5
160.000
A & O Apr. 1, 1907
do
do 1878... 5
A & O Apr. 1, 1908 *150,000
Water fund bonds 1890.............. 5 J & J Jan. 1, 1910
50,000
do
do
............... 5 A & O April 1, 1908
100,000
Jan.
1,
1923
Refunding water bonds.......... 3 ^ J & J
150,000
Town of Norwich D ebt . —Samuel H. F reeman , Treasurer.
Court house bonds.................... 7
semi-an. 1905
160,000
Town debt bonds..................... 4
semi an. 1913
175,000
Subject to call after 1893,
Town deposit fund.................... 6
annually
13,301
* Of these $100,000 are refunded water bonds.
PAR.—The city’ s bonds are all for $1,000 each.
TAX FREE.—All the issues of city bonds are exempt from taxation*
INTEREST on city bonds is paid by city treasurer, and in some oases

in Boston also.
T O T A L DEBT.—For a series of yeais debt has been:
1897.
1895.
1894.
1893.
Total bonded debt of city.......$965,000 $799,000 $799,000 $799,000
Certificates outstanding........................
165,431
165,431
165,431
T o ta l...................... ...........$965,000 $964,431 $964,431 $964,431
............
23,961
28,811
Balance in treasury...............
4,233

Net debt on May 15........ $960.767
.......... . $940,470 $935,620
Water debt included above...$366,000
............ $300,000 $300,000
Total town debt Sept. 1,1896, was $348,301.
The sinking fund receives yearly ^ mill on city and town list.
C IT Y P R O P E R T Y .—The city owned property in 1894 valued at
$1,182,111. This included buildings, lire department, etc., as well as
water works, which were held at $650,000. In tne year 1894-95 the
regular receipts oi the water works were $48,2o6 58; expenditures
$29,826 54; interest on bonds $16,500; surplus $1,880 04.
ASSESSED VALU A TIO N .—Property assessed “ at % cash value.”
Real
Personal
Rate o f Tax
Years.
Estate.
Property.
Total.
per $1000
1895....................................
..................
$10,340,484
$10*00
1894............... ................................................
10,108,692
10*00
1893.................$8,062,744
$1,999,476
10,062,220
10*00
1 8 9 2 .......... .
7,981,334
2,087,514
10,068,848
10 00
1891............... 7,857,924
2,023,101
9,881,025
10*00
1890............... 7,826.459
2,129,351
9,955,810
9*50
1880............... 7,438,097
2,976,028
10,414,125
8*00
The town grand list on October 1,1895, was $13,769,187; tax rate
(per $1,000), $5*50, this being additional to city tax as above given
POPULATION.—In 1890 population of city was 16,156; in 1880
15,112. Population of town 1890, 23,048; 18t>0, 21,143.

O R A N G E . — W a l t e r A. M a i n , 1st Selectman.
This town is in New Haven County.
LOANS —
When Hue. Tax valuation 1898.......$3,660,705
F unding B onds (Gold )—
Assessment is ^ actual value.
4s,g, J&J, $100,000 g.Jan. 1,1916 Total tax (per$1,000) ’97..$10*00
Bonded debt Jan. 1, ’98..$100,000 Population in 1890 was........ 4,537
Demand notes.................. 20,000 Population in 1880 was........ 3,341
Total debt Jan 1 ,1 8 9 8 ... 120,000 Population 1898 (eat.)...........7,500
INTEREST is payable at the Nat. Tradesmen’s Bank, New Haven

P L A I N F I E L D . — S. L. A d a m s , Treasurer.
This town is in Windham County.
LOANS—
When Due.
4s, M&N, $5,000.............................
4s, M&N, 25,000....1906 to 1926
($5,000 every fifth year.)
Bonded debt Sept. 1 ,1897.$30,000

P O R T L A N D .—

Ch a s.

Portland is in Middlesex County.
LOANS —
When Due.
R efunding B onds—
4s, M&N, $100,000 ...N ov. 1,1905
4s, J&J,
9 8 ,0 0 0 ... July 1,1911
(Subject to call after five years.)
3*65s, J&J, $85,000...July 1,1909
Interest payable at Town Treas’y.

Total debt Sept. 1,1897. $25,221
Tax valuation 1888....... 2,068,256
Tax rate (per $l,0u0) 1898..12*00
Population 18 9 0 ....................4,582

H.

E dw’ A r d s ,

TreasY

Bonded debt Jan. 15,’98. $283,000
Floating debt..................
3,557
Total debt Jan. 15,1898. 286,557
Tax valuation 1898.........1,965,002
Assessment about 23 actual value.
Total tax (per $1,000)..........$20*00
Population in 1890 w as___ 4,687
T A X FREE.—The bonds o f the town are exempt from taxation.




Vol. L X V II

P R E S T O N . — J a m e s M. Y

oung,

Treasurer.

This town is in New London County.
LOANS —
When Due. Tax valuation, personal. $63,922
Total valuation 1897....... 879,490
War and B ridge B onds—
6s, J&J, $50,000....... Jan. 1,1905 Tax valuation 1898........ 937,181
4s, J&J, 40,000........Apr. 1,1906 Assessment about 23 actual value.
Total debt Jan., 1898........$90,000 Total tax (per $1,000) ’ 97...$16*00
Tax valuation, real........... 815,568 Population in 1890 w as........ 2,555
INTEREST is payable at the Second National Bank, Norwich, Conn .

P U T N A M . — J a m e s W . M a n n i n g , Treasurer.
This town is in Windham County. The debt is being gradually paid
oh, and it is not intended to fund any portion of it.
The town has no bonded debt.
I Tax rate (per $1,000) ’97.......$9*00
Float’g debt Jan., 1898.. $66,000 1 Population in 1890 was......... 6,512
Tax valuation 1898........ 3,316,744 ! Population 1897 (est.)........... 6,800
Assessment about ¿3 actual value. qity Debt ........................... $17,000

R I D G E F I E L D . — L. 0 . S e y m o u r , Treasurer.
Ridgefield is in Fairfield County.
LOANS—
When Due. I Tax valuation 1897......$1,604,429
F unding B onds—
Total tax (per $1,000) 1896.12*00
3*38, F&A, $35,000...Aue. 1,1927 I Population 1897 (est.)... . 2,500
(Subject to call after Aug. 1,1917.) I Population 1890....................2,235
Floating debt July, 1,’97. $67,215 |
R O P I T V T T T FT
j E. L. HEATH, Mayor.
V li _ . l_ . r L , . — \FRANK GRANT, Treasurer.
This City is in Tolland County.
LOANS—
When Due. I Total bond, debt J a n .l,’98$140,000
Sew er B onds—
Interest payable at Treas’r’s office.
4a, J&J, $50,000........ Jan. 1,1925 Assessed valuation ’97. $2,592,235
Optional after Jan. 1,1900.
|Assessed valuation’98.$6,739,897
4a, J&J, $b0,000........July 1, 1927 , Assessm’t in ’98 about full value.
I Tax rate (per $1,000) 1898.$30*00

S I M S B U R Y . — A . S. C h a p m a n , Treasurer.
Simsbury is in Hartford County.
LOANS —
When Due. Tax valuation 1898...... $1,715,274
R ailroad B onds—
Assessment about 23 actual value.
4s, J & J ..$20,000..July 1,1899 Total tax (per $1,000) 1897.$14*00
($2,000 yearly) to July 1,1908 Population in 1890 was......... 1,874
4s, J & J . ..$4,000.. July 1,1909 Population in 1880 w as.........1,830
Bonded debt Sept. 1,1898.$24,000 Population in 1897 (est.)...... 2,000
Floating debt..................... 11,750
Total debt Sept. 1 ,1 8 9 8 ... 35,750
T A X FREE. —All bonds issued by this town are exempt from taxation.
INTEREST is payable at the Hartford National Bank.

S O U T H I N G T O N .—E.
This town is in Hartford County,
i LOANSWhen Due.
4s, J&J, $90,000.......... 1907-1927
($30,000 due every 10 years.)
Total debt Jan. 1, 1898. $90,000
Sinking f u n d .................. ' 7,112
Net debt Jan. 1 ,1 8 9 8 ...
82,888
Water debt (included)...
15,000
Assessed valuat’n, real.. 1,645,394

GL L

e w is ,

Treasurer.

Assessed valuat’ n, pers’l $946,690
Total valuation 1897___ 2,592,084
Tax valuation 1898....... 2,503,734
Assessment 60% actual value.
Tax rate (per$l,000i 1897.$18*50
Population 1897 (est.)........... 5,500
Population 1890..................... 5,501

S O U T H N O R W A L K . - i g - ? ; g i ? ^ f f e MS :
This city is in Norwalk Town, Fairfield County.
LOANSWhen Due.
W ater B onds - (C on.)—
E lectric L ight Bonds—
4s, J&J, $12,500.......Apr. 1,1910
4s,
., $20,000....... Apr. 1,1928 4s, J&J,
47,500.......Apr. 1,1911
L ibrary Bonds4s, J&J,
30,000.......July 1, 1925
48, ........ $5,000.......... Apr. 1,1928 Bonded debt Sept. 1,’98..$315,000
R efunding B onds., 14,500
Floating debt..........
48, J&J, $90,000....... July 1,1913 Total debt Sept. 1,1898. 329,500
(Subject to call 1903.)
Water debt (included)... 200,<>00
Water BondsAssessed valuation ’97..4,820,609
68, J&J, $40,000......... July 1,1906
Assessment about actual value.
4s, J&J,
9,000.......July 1,1900 City & town tax (per M.)’98.$13*25
4s, J&J,
52,000.......July 1,1909 Population in 1898 (est.)... 7,500
4s, J&J,
9,000.......July 1,1910 Pop. of town in 1890 was. ..17,747
INTEREST on refunding bonds s payable in South Norwalk and
on water bonds in New York.

S P R A G U E . - P. 8. C o t e , Treasurer.
This town is in New London County.
LOANS—
When due. Net debt Feb. 1 ,1 89 8 ___ $43,962
T own B onds—
Town has no water debt.
6s, Mar., $45,000... .Mar. 27,1906 Tax valuation 1898......... $605,946
Bonded debt Feb. 1, 1898..$45,000 Assessment about 23 actual value.
Floating debt..................... 11,000 Total tax (per $1,000).......... 15*00
Total debt............................ 56,000 Population 1890........
1,106
Sinking funds— ............... 12,038 Population 1895 (estimated). 1,006
INTEREST is payable at Merchants’ National Bank, Norwich, Conn
S
A M F O
r C-lF
it vyjj.—
__ i\HENRY
'j i M ’ H* ^Y.
HA
N N A NTreasurer.
, Mayor.
O T1 AA1VXJ7
u rR uDj (L
RIKER,
This city is in Fairfield County.
LOANSWhen Due. Bonded debt Jan. 1,’ 98. $125,000
Sewer B ondsFloating debt........... .
70.000
48, M&N, $5,000.......May 1, 1901
Total debt Jan. 1,1898.
195.000
4s, M&N, 20,000....... Nov. 1,1901
Sinking fu n d.................
16.000
4s, M&N, 5,000.......May 1,1906
Net debt Jan. 1, 1898..
179.000
4s. M&N, 20,000....... Nov. 1,1906 Tax valuation 1896.......18,000,000
Interest payable at Stamford.
Assessment about 9io actual value.
The city’s tax rate (per $1,000) in 1896 was $6*75 in one district, 5*04
in another and $2*70 in the third. The population in 1896 was esti­
mated at 20,000.

S T A M F O R D (Town).—W. D.

This town is in Fairfield County.
LOANS —
When Due.
T own H all , 1890—
4s, A&O, $94,000.......Oct. 1,1910
Schools and B ridges , 1893—
4s, F&A, $96,000.......Aug. 1, 1923
H igh School—
4s, F&A, $75,000..Aug. 1,1914-24
Interest is payable in Stamford.
F unding Bonds48, F&A, $75,000g___Feb. 1,1927

Dask am ,

Treas.

Bonded debt Feb. 1, ’ 98. $340,000
Floating debt..................
50,000
Total debt......................... 390,000
Sinking funds..................
43,760
Net debt Feb. 1 ,1 8 9 8 .... 346,240
Tax valuation 1898....... 12,983,011
Assessment about 35 actual value.
Town tax (per $1,000).........$13*00
Population in 1890 was.......15,700
Population in 1897 (est.)...20,000

October, 1898.

39

*

S T O N I N G T O N . — E. B. H in ck le y , Town Treas.

W E S T

H A R T F O R D . — H e n r y 0 . W h it m a n ,

Treasurer.
Stonington is in New London County. The debts of both town and
borough are given below.
West Hartford is in Hartford County.
R oad B onds—
LOANS —
When Due. Tax valuation 1898 ___$2,724,212
LOANS—
When Due.
Tax rate (per $1,000) 1897.. .12-50
Town Debt, Etc.
1920
4s, M&S, $45,000........
R efunding B ondsPopulation (local est.) 1898..7,700 48, M&S, $28,000..................... 1902
Subject to call after 1910
War B onds—
4 s , ........ $28,000.......................1902 Population 1890 w as..............7,184 4s, MAS, 30,000...................1 9 2 0 Bonded debt Apr. 1, '98.. $143,000
Borough Debt, Etc.
Bonded debt Sept. 7, '98. $28,000
Subject to call after 1910 Tax valuation 1898 -----3,328,011
Assessment is *2 to % actual value.
Floating debt..................
33,313 Total debt July 1 ,1 8 9 8 ... $30,000
School and funding N otes —
Total debt.........................
61,313 Tax valuation 1898............ 587,627 ..... ........ $40,000........ 1899-1907 Town tax (per$1.000) '98...$12-00
Boro
gh
tax
(per
$l,000)’98.$10-00
Balance in treasury.......
14,748
Population in 1890 was........ 1,930
($5,000 due yearly.)
Net debt Sept. 7 ,1 8 9 8 ...
46,565 Population 1895 (estimated).1,800
Population in 1898 (est.)...... 2,550
Interest payable in Hartford.
S U F F I E L D . — W m. L. L oomis, Treasurer.
This town is in Hartford County.
Town note........................
Town notes, 4%%............
Town notes, 5% ...............
Floating d e b t..................

$5,495
17,615
8,000
2,011

Total debt Aug. 1 ,1«98. $33,121
Assessed valuation 1897.2,396,993
Tax rate (per #1,000) 1897.$10"00
Population 1890.................... 3,169
Population 1898 (est.)......... 3,200

T H O M A S T O N . — A rthur J. H i n e , Treasurer.
This town is in Litchfield County.
LOANS—
When Due.
T own H all B onds—
4s, J&D, $50,000........ Dec. 1,1904
Interest payable at Treas’r’s office.
Bonded debt Feb. 1 , 1898.$50,000
Floating debt..................... 36,000
Total debt............................ 86,000
Sinking fund, cash. etc. .. 17,269
Net debt Feb. 1,1898........ 68,731

Tax valuation, real.......$1,025,650
Tax valuation,personal
529,819
Total valuation 1897... 1,555,469
Tax valuation 1 8 9 8 ....... 1,570,714
Assessment
to *2 actual value.
Total tax (per $1,000).......... $15*00
Population in 1890 was........ 3,278
Population in 1897 (est.).......3,300

ISAAC W. BROOKS, Treasurer.

T O R R I N G T O N . - S WALTER HOLCOMB, Clerk.
This town is in Litchfield County.
Town debt Feb. 1.1898. $61,000
Town valuation 1897___5,737,277
Town tax (per $1,000) '97..$10-00
Population in 1890 w as........ 6,048
Population’ 95 (local census) .8,955

Borough debt Feb. 1, '98. $47,550
Borough assessm’t '97.. .4,477,706
Borough tax (per $1,000) '97.$4-00
Population 1897 (est.)..........8,000
Population in 1890 w as........4,283

V E R N O N . — F. B . ‘Sk in n e r , Treasurer.
This town is in ToUand County (P. O. Rockville.) Railroad bonds are
tax exempt.
LOANS—
When Due. Bonded debt Jan. 1, '98..$235,000
Floating debt................
53,100
R ailroad B onds 1896—
3s, J&J, $60,000........July 1,1906 Total debt Jan. 1,1898... 288,100
Tax
valuation
1897........7,544,883
Memorial H all , 1889—
actual value.
3^28, M&N, $125,000.Nov. 1, 1919 Assessment about
(Optional after Nov. 1,1899.) Tax rate (per $1,000)............$5-00
Population in 1890 was........8,808
H igh school , 1892—
. .., J&J, $50,000.......July 1,1922 Population in 1880 was........ 6,915
INTEREST is payable at the Town Treasurer’ s office.

W E S T P O R T . — This town is in Fairfield County.
........ $74,059 I Tax rate (per $1,000)..........$10*00
Total debt 1897
Tax valuation 1898........2,533,304 |Population 1890 was...............3,715
ttttt

T Tl\/T A 'N.TrT

' T

i

OSCAR O. TANNER, Mayor.

W 1LJ_.IIVLAJN I lL . — }F R E D A. SANDERSON, Clerk.

This city is situated in the town o f Windham, Windham County.
LOANS—
When Due. |Bonded debt Mar. 1, ’ 98. $300,000
M unicipal B onds—(Coupon.)— |Floating debt..................
91,245
4s, A&O, $10 0,0 0 0 ....Oct. 1,1925 Total debt Mar. 1,1898. 391,245
Optional after Oct. 1,1910 I Water debt (included)... 200,000
Water B onds—
Tax valuation 1897.......4,064,847
4s, A&O* $75,000........ Oct. 1,1899 I Interest payable at City Treasury.
4s, A&O,
50,000......Oct. 1,1904 I Assessment about *2 actual value.
4s, A&O,
50,000......Oct. 1,1909 I Tax rate (per $1,000),’ 9 7 ...$ 2 3 00
4s, A&O,
25,000......Oct. 1,1914 I Population in 1890 was....... 8,648
I Population in 1880 was....... 6,608
I Population in 1898 about... 8,000

W I N C H E S T E R . — J. E .
Winsted), Treas.
This town is in Litchfield County,
LOANS—
When Due.
T own B onds—1885-1891—
4s, M&N, $ 5 4 ,0 0 0 ....Nov. 1,1902
4s, M&N, 1 8 ,0 0 0 ....May 1, 1899
($6,000 due yearly) to May 1,1901
Deposit fund and orders.. .$41,922
Total debt Sept. 1, 1897...119,922

W IN D S O R

S paulding

(P.

0.

and oontains Winsted Borough.
Sinkingfund, eto.............
$5,445
Net debt 8ept. 1 ,1 8 9 7 ... 114,477
Tax valuation 1896.......4,546,238
Assessment from Lj to 3# actual val.
Tax rate (per $1,000).......... $11-00
Population in 1890 w a s ......6,183
Population in 1897 (est.).......8,000

L O C K S . — J. D . Outerson , Treas.

This town is in Hartford County.
LOANS —
When Due.
Town B onds48, J&J, $35,000........ Jan. 1,1922
Net debt Sept. 18,1897
$49,565
Tax valuation 1898....... 1,992,844

A D D IT IO N A L

All bonds are tax free.
Assessment about 23 aotual value.
Tax rate (per $1,000)........... $10-00
Population in 1890 was.........2,758
Population in 1897 (est.)....... 3,000

STA T E M E N T S.

WM. H. NEWTON, Town Treas.

In the table below we give statistics regarding minor civil divisions

The town of Wallingford is situated in New Haven County.
$15,000
LOANSWhen Due. Floating debt........... .
4s............$62,000............1903-1904 Total debt Aug. 1.1897. 260,000
4 s , ........ . 30,000................... 1927 Water debt (included).... 175,000
Towndebt Jan. 1,1898..
92,000
B orough Water B onds48, J&J, $175,000......... 1903 to '15 Borough valuation 1897.2,600,000
Sewer debt...........................$25,000 Town valuation 1898___4,048,365
Improvements.................... 45,000 Town tax (per $1,000) 1897. 10-00
Borough tax (per $1,000)'93 5"00
Borough bouded debt Aug.
1,1897...............................245,000 Population (town) in 1890...6,584
|Population (boj-o.) in 1890...4,230
INTEREST on the water bonds of Wallingford Borough is payable
at the First National Bank of Wallingford.

$10,000, and which are not represented among the foregoing detailed
reports. We add the population from the U. S. Census of 1890.
Tax
PopuAssessed
Total
Valuation. Bate.
la tion.
Location.
Debt.
1,182
Avon, Hartford Co....................... $15,769 $464,915 $13-00
20-00
1,130
Barkhamsted, Litchfield Co........ 17,932
333,325
10-00
2,600
Berlin, Hartford Co....................... 27,670 1,298,514
12-00
4,460
Branford, New Haven Co. (Town) 57,918 2,171,471
12-00
Branford, N. Hav. Co. (Borough) 62,781 1,901,866
10-50
2,628
Brooklyn, Windham Co................ 30,893 1,281,245
492,152
12-50
870
Canaan, Litchfield C o ................. 23,000
11-00
1,929
Cheshire, New Haven Co............. 12,000 1,060,946
10-00
742,833
1,384
Clinton, Middlesex Co.................. 14,057
15-00
644,985
1,875
Coventry, Tolland Co................... 12,507
13-00
1.987
Cromwell, Middlesex Co............. 53,218 1,015,395
7-00
2,276
Darien, Fairfield Co..................... 16,933 2,347,860
16-00
151,975
561
Eastford, Windham C o ............... 11,500
12-50
2,599
EastHaddam, Hartford C o..___ 32,813 1,116,673
12-00
767,445
2,048
East Lyme, New London Co....... 27,230
414,208
14-00
1,001
Easton, Fairfield Co..................... 25,188
15-00
2,890
East Windsor, Hartford Co........ 30,650 1,322,947
12-00
1,539
753,448
Ellington* Tolland Co.................. 14,000
12-00
3,179
Farmington, Hartford Co............ 49,000 1,896,252
10-00
3,113
Griswold, New London Co.......... 32,461 1,722,075
15-00
3,882
Hamden, New Haven Co*........... 39,050 1,996,023
23 0 0
194,631
565
Hartland, Hartford C o ............... 11,981
424,663
14 00
1,039
Hebron, Tolland Co.................... 41,446
926,569
12-00
1,670
Lebanon, New London Co........... 13,558
309,562
15-00
977
Lyme, New London Co................ 35,593
948,775
10-00
1,429
Madison, New Haven C o...*....... 12,000
8,222
15-00
Manchester, Hartford Co............ 92,420 5,061,663
15-00
1,911
579,517
Mansfield, Tolland Co.................. 17,979
1200
3,160
New Hartford, Litchfield Co....... 49,035 1,109,715
1300
3,917
New Milford, Litchfield Co ... A . 41,000 1,974,395
11-00
3,539
Newtown, Fairfield C o .............. 25,000 1,782,646
12-00
1,546
Norfolk, Litchfield Co.................. 20,994 1,016,342
1,683
North Canaan, Litchfield Co....... 28,530
811,630
12-50
1,862
896,269
12 0 0
North Haven, New Haven Co___ 21,344
1,463
No. Stonington, New London Co. 18,135
537,400
12-00
1,319
507,299
15-00
Old Lyme, New London Co........ 18,330
1,484
600,540
15-00
Old Say brook, Middlesex Co....... 30,126
819^32
900
1,993
Plainville, Hartford Co............... 28,000
1,546
511,563
1500
Redding, Fairfield C o .............
22,000
417,802
12-00
1,069
Rocky Hill, Hartford Co............. 26,161
14-00
936
Roxbury, Litchfield Co................. 26,381
411,146
24,500 1,805,236
1000
3,420
Salisbury, Litchfield Co.......... .
684,390
16-00
1,484
Saybrook, Middlesex Co............. 44,000
20-00
3,300
Seymour, New Haven Co............. 40,084 1,562,872
Shelton, Fairfield Co..................... 55,031 2,943,600
4-00
1,952
5-00
Southington, Hart. Co. (Borough)1 23,100 1,455,234
2000
Stafford, Tolland Co.................... 36,766 1,580,429
4,535
Stafford Springs, Tolland Co....... 12,850
736,243
7-50
Stratford, Fairfield C o................ 43,659 1,329,815
15 0 0
2,608
1,453
Trumbull, Fairfield Co................ 18,839
644,139
12-00
Waterbury (Town) N. Haven Co. 154,915 I22,555,193
5-00 33,202
2,661
15 00
Waterford, New London Co........ 40,288 1,205,072
2,323
11-00
Watertown, Litchfield Co............ 30,000 1,495,974
2,271
10-00
Wethersfield, Hartford Co.......... 36,574 1,403,840
1,722
10 0 0
Wilton, Fairfield Co....................... 21,470
806,218
12-00 10,032
Windham, Windham Co............... 167,000 5,213,863
2,954
1300
1.638,524
Windsor, Hartford Co.................. 109,854
1,815
1500
995,438
Woodbury, Litchfield C o........... . 18,900
2,809
12-00
925,282
Woodstock, Windham Co............. , 11,134

W A L L I N G F O R D .— \C. D. MORRIS, Borough Treas. in the State of Connecticut which have an indebtedness of over

W allingford Central School D istrict— W . H .
N ewton , Treasurer.
LO AN S—
When Due. I Assessment *2 actual value.

4 s , ..........$40.000 ................... 1927 |Tax rate (per $1,000) 1896..#6-00
Bonded debt Jan. 1,1898. .$93,000 I Population 1897 (est.).......... 6,000
Assessed valuation 1896.2,700,000 |
•

W A S H I N G T O N . — W m . J. F ord, Treasurer.
This town is in Litchfield County.
LOANS—
When Due. I Total debt Jan., 1 8 9 8 .... $42,500
R ailroad B onds—
|Tax valuation'9 7 ........... 1,003,191
4s, J&J, 18,000.......... 1899-1917 I Assessment same as actual value.
($2,000 due yearly on July 1.) |Tax rate (per $1,000) '97...$15-00
Bonded debt Jan., 1898...$38,000 I Population in 1890 w as........ 1,633
Floating debt..................... 4,500 |
INTEREST payable at Connecticut Savings Bank, New Haven.
THOMAS D. BARLOW, Mayor.
RICHARD F. GRADY, Cldrk.
This city is in New Haven County.
LOANS—
When Due. 4s, J&J, $400,000.......Jan. 1,1919
City H all B onds4s, J&J, 200,000.......Jan. 1,1927
Interest is payable in Waterbury.
78, J&J, $10,000.......................1906
Bonded debt Aug.15,'98 $850,000
Sew er B onds48, J&J, $60,000.......................1911 Total valuation 1897... 13,015,350
Water B onds (series1 and 2)—
Assessment is is aotual value.
7s, J&J, $40,000.................... 1899 Total tax (per $1,000) 1897.$37 00
4*as, J&J, 40,000.....................1905 Average school ta x ............. 13-00
4s, J&J, 100,000.... Jan. 1,1899 Population in 1890 w as.......28,646
($5,000 due yearly) to Jan. 1,1918 Population 1898 (estimated) 38,000

W A T E R B U R Y .—

W aterbury , Center School D istrict.— T hos. J.
M oran , Clerk.
The district inoludes all of. the
town of Waterbury.
LOANS —
When Due.
.., ....,$ 1 0 0 ,0 0 0 .......... 1901-1910
($10,000 annually.)
F unding B onds48, J&J, $200,000.......... 1927-1946
($10,000 annually), (optional after
July 1,'1 2 , $10,000 annually.)
Bonded debt July 1, '97..$100,000




oity of Waterbury and part of the
Floating debt............... $287,398
Total d e b t ..............
387,398
Sinking fund.................
36,148
Net debt July 1.1897..
351,249
Assessed valuat’n '96 .1 1 ,3 2 5,5 2 3
Assessment
actual value.
Tax rate (per $1,000) '96...$10-00

40

Debts and

Resources

OP

TH E

I N ’

T 'H E IE j

MIDDLE
IN D E X

FOR

N E W Y O R K — State, Cities, «fcc.........................

THE

STATES.

M ID D L E

S TA T E S ,

C IT IE S ,

Etc.

.Pages 40 to 58

D E L A W A R E — State, Cities, «fcc

Pages 74 to 75

N E W JER SE Y— State. Cities, <fcc....................... Pages 58 to 65

M A R Y L A N D —State, Cities, <fcc.

Pages 75 to 76

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

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

.Page

State of New York.
ITS

D E B T , R E SO U R C E S, E tc .
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
.
.
.
50,208
State c a p i t a l ......................................................................Albany
Governor (term expires January 1, 1899) Frank S. Black
Secretary of State (term expires Jan. 1 , 1899) - John Palmer
Treasurer (term expires Jan. 1, 1899)
Addison B. Colvin
Comptroller (term expires Jan. 1, 1899) - James A . Roberts
Legislature meets annually the first Wednesday in January,
and length of sessions is not limited.
aJ

l U ^ Y, P F DEBT.—The historical details of New York’s State
debt from 1817 to the present time will be found in the State and Citt
Supplement of April, 1894., page 41.
Perlod of eleven years ending in 1893 the State debt was
wl
avera£e ra*e of $1,000,000 per year, and was practically
November election in 1895 the proposition to issue bonds of
the State to the amount of $9,000,000, for the purpose of enlarging and
improving the Erie Canal, the Champlain Canal, and the Oswego Canal,
was submitted to the voters and carried. These bonds have all been
issued to date, but $500,000 have been paid from the proceeds of the
“
*e™ d
a sinking fun«l, leaving outstanding Sept. 1,1898, $8,non 2^i1Ch’A
^ « $ 4 4 0 ,0 0 0 Comptroller’ s Certificates and
$400,000 Adirondack Park Bonds, a total of $9,340,000, constituted the
State s indebtedness on Sept. 1,1898.
LO A N S—
.— Interest. —. -----------Principal.------------.
N A M E A N D PU R PO SE.
Rate Payable. When Dae.
Outstand'g
Canal bonds, g., reg., 1896.. 3g
J&J
Jan. 1,1906
$1,270,00(
Do
do
do 1897.. 3g.
|
J& J
Jan. 1,1912
4,000,00(
Do
do
do 1898.. 3g.
J& J
Jan. 1,1913
3,230,00(
Adirondack Pk. Bonds,1898 3*3
F&A
1907-1908
400,00(
Comptroller’s Certificates..
1899 to 1906
*440,00(
* Due $55,000 annually.

S T A T E D E B T FOR O V E R F IF T Y Y E A R S — Below we «rive ti

a?6 8*'a*'e d°ht on Sept. 30 in the year's named
1897.......... $5,765,000 1888........... $6,965,354 1858..........$33,735,661
1893..........
660 1883.......... 8,473,854 1853.......... 24,288,56!
1892..........
885,855 1878......... 9,154,054 1848..........
23,937,24!
1891.......... 2,927,655 1873......... 36,530,406 1843.......... 25,257,26!
1890.......... 4,964,304 1868......... 44,968,786 1838.......... 11,256,15!
1889..........
v l P ’W I6,774,854
P W P I 1863......... 29,784,124
.t.J
V A L U A T IO N . — The following shows the State’ s valuatic
&c., for a series o f years. The 1898 tax rate is $2-08.
/------- State Tax —
——
TTo„ „ ‘ Z 7~Z XaJ,uation.------------i TotalEqualized Ratepcr
Total
Xaaa
Personal.
Yaluation. $1,000.
Levied
iJS4’ 898’ 611»019 $2 '°8 $10,189,11
J83Z- 4,041>826»58b 465,159.108 4,506,985,694 2-67 --------12,033,65
1896. 3,908,853,377 459,859,526 4,368,712,903 269
11,751,35
1895. 3,841,582,748 450,499,419 4,292,082,167 3- 24 13,906,34
1894. 3,761,679,384 438,202,694 4,199,882,058 2T8
9.155.74
1893. 3,626,645,093 411,413,856 4,038,058,949 2-58
10,418,19
J892. 3,526,645,815 405,095,684 3,931,741,499 1-98
7,784,84
1891. 3,397,234,679 382,159,067 3,779,393,746 137
5,196,66
1890. 3,298,323,931 385,329,131 3,683,653,062 234
8.619.74
1886. 2,899,899,062 324,783,281 3,224,682,343 295
9,512,81
1876. 2,108,325,872 357,441,401 2,466,267,273
45
8,529,17
1875. 1,960,352,703 407,427,399 2,367,780,102 314,206,68
1870. 1,532,720,907 434,280,278 1,967,001,185 6 0 0
14,285,97
1869. 1,418,132,885 441,987,915 1,860,120,770 7,26j4
a 10,463,17
1859. 1,097.564,524 307,349,155 1,404,9131679 5,621
2-50
3,512,28
D E B T L IM IT A T IO N - S t a t e ,—The new Constitution has in soi
measure modifie«! the provisions of the fundamental law resM ctfim t
power o f the Legislatm-e over the issue o f debt, &c. These provifio
are found in Article 7. We give the sections of that article (Article
below which have reference to the subject.




76

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

D E B T LIM IT A T IO N .— C i t i e s .

C

o u n t ie s .

T

ow ns and

V

il l a g e s . ~

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

October, 1898.

41

all indebtedness in excess o f such limitation, except such as may now fault, and on which said funding or settlement obligation there has
been no default in the payment of either principal or interest since the
exist, shall be absolutely void, except as herein otherwise provided.
(3) No county or city whose present indebtedness exceeds ten per issuance of such funded or settlement obligation, and provided the
centum o f the assessed valuation of its real estate subject to taxation, interest on such funded or settlement obligations has been paid regu
shall be allowed to become indebted in any further amount until such larly for a period of not less than ten years next preceding such inindebtedness shall be reduced within such limit.
vestment.
4. In the stocks or bonds o f any city, county, town or village, school
(4) This section shall not be construed to prevent the issuing of certif­
icates of indebtedness of revenue bonds issued in anticipation of the district bonds and union free school district bonds issued for school
collection o f taxes for amounts actually contained, or to be contained purposes, or in the interest-bearing obligations of any city or county
in the taxes for the year when such certificates or revenue bonds are of this State, issued pursuant to the authority of any law of the State
for the payment of which the faith and credit of the municipality is­
issued and payable out of such taxes.
(5) Nor shall this section be construed to prevent the issue of bonds suing them are pledged.
5. In the stocks or bonds of the following cities: Boston, Worcester,
to provide for the supply of w ater; but the terms of the bonds issued to
provide the supply of water shall not exceed twenty years, and a sink­ Cambridge, Lowell, Fall River, Springfield and Holyoke, in the State o f
Massachusetts;
St. Louis, in the State of Missouri; Cleveland, Cincinnati
ing fund shall be created on the issuing of the said bonds for their re­
demption, by raising annually a sum which will produce an amount and Toledo, in the State of Ohio; Detroit and Grand Rapids, in the State
equal to the sum of the principal and interest of said bonds at their of Michigan; Providence, in the State oi Rhode Island; New Haven and
maturity.
Hartford, in the State of Connecticut; Portland, in the State of Maine;
_(6) All certificates of indebtedness or revenue bonds issued in an­ Philadelphia, Pittsburg, Alleghany, Reading and Scranton, in the State
ticipation of the collection of taxes, which are not retired within five of Pennsylvania; Minneapolis and St. Paul,in the State o f M innesota;
years after their date o f issue, and bonds issued to provide for the supply Dos Moines, in the State of Iow a ; Milwaukee, in the State of W iscon­
of water, and any debt hereafter incurred by any portion or part of a sin; Louisville, in the State of Kentucky; Paterson, Trenton, Newark and
city, if there shau be any such debt, shall be included in ascertaining Camden, in the State of New Jersey; Baltimore, in the State of Maryland,
the power of the city to become otherwise indebted.
If at any time the indebtedness o f any ®f said cities, less its water debt
(7) Whenever hereafter the boundaries of any city shall become the and sinking fund, shall;exceed seven per centum of its valuation tor pur­
same as those of a counjy, the power of the county to become indebted poses of taxation, its bonds and stocks shall thereafter, and until such
shall cease, but the debt of the county at that time existing shall not be indebtedness shall be reduced to seven per centum of the valuation for
included as as part of the city debt.
the purposes of taxation, cease to be an authorized investment for the
(8) The amount hereafter to be raised by tax for county or city pur­ moneys of savings banks, but the superintendent of the banking depart­
poses, in any county containing a city of over one hundred thousand ment may, in his discretion, require any savings bank to sell such bonds
inhabitants, or any such city o f this State, in addition to providing for or stocks of said city, as may have been purchased prior to said in­
the principal and interest of existing debt, shall not in the aggregate crease of debt.
exceed in any one year two per centum of the assessed valuation of the
6. In bonds and mortgages on unincumbered real property
real and personal estate of such county or city, to be ascertained as situated in this State, worth at least twice the amount loaned thereon.
prescribed in this section in respect to county or city debt.
Not more than sixty-five per centum of the whole amount o f deposits
By the terms of the foregoing section, Paragraph <1), every “ County, shall be so loaned or invested. If the loan is on unimproved and un­
City, Town or V illage” is included in the prohibition against (1) loan­ productive real property, the amount loaned thereon shall not be more
ing “ its money or credit,” (2) in becoming “ directly or indirectly the than forty per centum of its actual value. No investment in any bond
owner o f stock in or bonds o f any association or corporation,” and (3) and mortgage shall be made by any savings bank, except upon the
in incurring “ any indebtedness except for County, City, Town or v il­ report of a committee of its trustees charged with the duty of investi­
lage purposes.” Most of the other paragraphs include only Counties gating the same, who shall certify to the value of the premises mort­
and Cities.
gaged or to be mortgaged according to their best judgment, and such
According to Paragraph (6) it seems that “ any debt hereafter in­ report shall be filed ana preserved among the records of the corporation.
curred by any portion or part of a city, if there shall be any such debt Also in the first mortgage bonds of any railroad corporation o f this
shall be included in ascertaining the power of the city to become other State the principal part of whose railroad is located within this State,
wise indebted.”
or in the mortgage bonds of any such railroad corporation of an issue
We would also call special attention to Paragraph (7), that whenever to retire all prior mortgage debt of such railroad corporation; provided
hereafter the boundaries of any city shall become the same as those of that at no time within five years next preceding the date o f any such
a county “ the power o f the county to become indebted shall cease, but the investment shall such railroad corporation have failed regularly and
debt of the county at that time existing shall not be included as a part punctually to pay the principal and interest of all its mortgage
o f the city debt.”
indebtedness, and, in addition thereto, regularly and punctually to
In May 1886 the New York Court of Appeals decided at the end of a have paid dividends upon all its outstanding capital stock during the
litigation begun in July 1885 that the sinking fun d was not a part of preceding five years, at the rate of not less than four per centum per
the city debt within the meaning of the above provision of the Consti­ annum; and provided further that at the date of every such dividend
tution limiting the creation of debt to 10 per cent of the assessed valua­ the outstanding capital stock of such railroad corporation shall have
tion of the real estate.
been equal to at least one-half of the total mortgage indebtedness o f
Towns and Villages are not limited in their debt-making power by the such railroad corporation, including all bonds issued under any mort­
Constitution. Those municipalities will be governed by general or gage securing any bond in which such investments shall be made.
special statutes.
Not more than twenty per centum of the whole amount of deposits
The 1895 Legislature passed an act “ for the protection of bona fide shall be so loaned or invested. Street railroad corporations shall not be
purchasers and holders of coupon bonds and of municipal corporations considered railroad corporations within the meaning of this section.
against misfeasance, malfeasance or negligence of public officers.”
7. In real property subject to the provisions of the next section.
The full text of this law was published in the Chronicle of June 8,
It will be noted that subdivision 7 (the last paragraph of the above)
1895. V. 60, p. 1023.
E X E M P T IO N FROM T A X A T IO N . -T h e re is one general New York refers to the “ next section ” for the provisions applicable. This refer­
statute with reference to exemption from ta* ation for town, county, ence is to section 117 of the law of 1892; we omit that section as it
municipal or State purposes ” of a class of bonds “ issued by any village, relates only to real estate. Sections 118,119 and 120 o f the law of
city, town or county” in the State, which seems to have a wider appli­
cation than is generally known. As originally passed in 1881 the ex­ 1892 we subjoin; they are all of a general character and either grant
emption applied only to bonds issued to pay up or retire bonds “ created powers or impose restrictions.
to aid in the construction of any railroad.” A new law was passed in
Section 118. The trustees of every such corporation shall as soon as
1886 (Chapter 316) making the tax exemption apply to “ new bonds ” practicable invest tue moneys deposited with them in the securities
Issued under the act to retire any of the then “ present bonded indebted­ authorized by this article; but for the purpose of meeting current
ness of any village, city, town or county in this State.” With reference payments ana expenses in excess of the receipts, there may be kept an
to such new bonds the third section of the act of 1886 sa ys: “ All new available fund not exceeding ten per centum of the whole «mount o f
bonds Issued by any village, city, town or county in this State under deposits with such corporation, ou hand or deposit in any bank in this
the provisions of this act shall be exempt from taxation for town, State organized under any Jaw of this State or •f the United States, or
county, municipal or State purposes until the period when they are with any trust company incorporated by any law of the State; but the
made payable.” In 1893 still another law was passed making the sum so deposited in any one bank or trust company shall not exceed
statute cover any bonded indebtedness. The law as it now stands will twenty-five per centum of the paid-up capital and surplus of any such
be found in editorial on page 4 of the April, 1894, S u ppl em en t .
bank or com pany; or such available fund, or any part thereof, may be
In addition to the foregoing there are special laws authorizing special loaned upon pledge of the securities or any of them named in sub­
issues that are exempt, but which w e have not room to quote here. 1 divisions one, two, three and four of the preceding section but one, but
For New York City there is a general statute which directs now any of not in excess of ninety per centum of the cash market value of such
its bonds may be made exempt from city and county taxation. That securities so pledged. Should any of the securities so held in pledge
statute is subjoined.
depreciate in value, after making any loan thereon, the trustees shall
Sec. 137. The Commissioners of the “ Sinking Fund of the City of New i require the immediate payment of such loan or of a part thereof, or ad­
York for the redemption of the city debt,” when duly authorized by j ditional security therefor, so that the amount loaned shall at no time
ordinance of the Common Council, may, by concurrent resolution, exceed ninety per centum of the market value o f the securities pledged
direct that the bonds and stocks of said city, issued pursuant to law, for the same.
after June ninth, eighteen hundred and eighty, shall be exempt from
ection 119. Every such corporation may also deposit temporarily
taxation by said city and by the county of New York?but not from taxa­ inSthe
banks or trust companies specified in the last section the excess
tion for State purposes; and all bonds and stocks issued pursuant to of current
daily receipts over the payments, until such time as the
such authority shall be exempt irom taxation accordingly, provided same can be
judiciously invested in the securities required by this
that said bonds and stocks shall not bear interest exceeding the rate of article. Whenever
it shall appear to the superintendent of banks that
four and one-half per centum per annum. The bonds and stocks of the the trustees of any such
corporation are violating the spirit and intent
city of New York issued pursuant to the provisions of this section shall of this provision by keeping
permanently uninvested all or an undue
express upon their face the fact that they are exempt from taxation by proportion
of
the
moneys
received oy them, he shall report the facts
the city and county of New York, but not from State taxation, anc. t® the Attorney-General, who
shall proceed against such corporation in
shall refer to this section, and to the ordinance of the Common Council, the manner provided in section
eighty-two o f this chapter.
and the resolution o f the Commissioners of the Sinking Fund author­
S
ection
120.
The
trustees
of any savings bank shall not loan the
izing their issue.
moneys deposited with them or any part thereof, upon notes, bills
S A V IN G S BA N K IN V E S T M E N T S -P O W E R S A N D R E S T R IC ­ of exchange, drafts or any other personal securities whatever. In all
T IO N S. —This year (1898) the New York Legislature has passed an cases of loans upon real property, a sufficient bond secured by a m ort­
amendment to paragraph 6, Sec. 116, of the Savings Bank law of 1892, gage thereon, shall be required* of the borrower, and all the expenses
searchers,* examinations and certificates of title or appraisal of
The amendment is intended to extend investments of savings banks to of
value, and of drawing, perfecting and recording papers, shall be paid
first mortgage railroad bonds the principal part of whose railroad is by the borrower.
located within this State.
The privilege granted by section 119 might of course be interpreted
We give section 116 below as it stands with this amendment incor. j liberally as opening the gates wide to continuous deposits in banks and
porated.
trust companies. To avoid any such use of the privilege, the section also
Sec. l j.6. In what securities deponts may be invested.—The trustees provides that whenever it shall appear to the Superintendent of the
of any savings banks may invest the moneys deposited therein and ¡ Banking Department that the trustees of any corporation are violating
the income derived therefrom only as follows :
1. In the stocks or bonds or interest-bearing notes or obligations of ¡ “ the spirit and intent of this section by keeping permanently uninvested
the United States, or those for which the faith of the United States is “ all or an undue portion of the moneys received,” he must report th e
pledged to provide for the payment of the interest and principal, in­ facts to “ the Attorney-General, who shall proceed against such cor­
cluding the bonds of the District of Columbia.
2. In the stocks or bonds or interest-bearing obligations of this p o r a t io n ,” etc.
State, issued pursuant to the authority of any law o f the State.
P O P U L A T IO N OF S T A T E .— New York ranks first in population
3. In the stocks or bonds or interest-bearing obligations, of any State
the States of the Union. In 1892 the count showed 6,513,343.
of the United States which has not within ten years previous to mak- among
The
gives the figures in decennial periods according to
ling such investment.by such corporation defaulted In the payment of the U.following
S. Census.
any part of either principal or interest of any debt authorized by the
legislature of any such State to be contracted; and in the bonds or in­ 1890............5,997,853 1 8 6 0 ........ 3,880,735 1830............ 1,918,608
terest-bearing obligations of any State of the United States, issued in 1880............5,082,871 1850............. 3,097,394 j 1820............ 1,372,111
959.049
pursuance of the anthority of the legislature of such State, which 1870.......... 4,382,759 j 1840............ 2,428,9211 1810...........
have, prior to the passage of this act, been issued for the funding or
* So in the original.
settlement of any previous obligation o f such State theretofore in de­




42

Yol. L X V II

T O T A L D EBT , S IN K IN G FUNDS, ETC.— The subjoined statement
shows Albany’ s general and water debt. The street improvement
bonds, amounting to $058,860 on Aug. 15,1898, are not included.
Sept. 1, 1898. Feb.1,1898. Jan. 1,1897. Jan.3,1896.
S T A T E OF N E W Y O R K .
$2,444,000 $2,487,000 $2,558,000
General bonds........... $2,358,000
Water bonds............... 1,728,000
1,560.500 1.582,000 1,631,000
N ote .—For debt* o f civil divisions not found among the statements
Total bonds.............. $4,086,000 $4,004,500 $4,069,000 $4,189,000
■givthi below, see “ Additional Statemenis” at the end o f this State.
Sinking funds............. 1,482,000
1,314.500 1,142,000 1.077,290
A T T3 A M V
$ JAMES ROONEY. Chamberlain.
Net d eb t..................$2,604,000 $2,690,000 $2,927,000 $3,111,710
^
*-*■
tC. H. BISSIKUMMER, See’y Sinking Funds.
The sinking funds are invested mostly in the city’ s own bonds.
Albany is in Albany County.
C IT Y P R O P E R T Y . —Property owned by city April 15,1898, was :
GENERAL BONDED DEBT.
Real estate, $4,567,420; personal property $2,550,000; total,
LO A N S —
Interest.— , ------------- Principal.--------------. $7,117,420.
Rate. Payable.
N A M E A N D PU R PO SE.
When Due.
Outstand’g.
A S S E S S E D VALUATION.—Property is assessed at about its actual
P. O. Site................... 1874
M & N
May 1, 1904 b$115,000 value.
T
¿¡r
t
5
Jan.
’99
to
1908
) Dm o o o o
Assessed Valuati on.--------------- VKate o f Tax
Public Market........... 1888
J
J ) $ 10,000 yearly. \ « 100,000 Years.
Ioidi.
per $1,000.
Real.
Personal.
M & N |g ? T ’?9 to 1911 ) a65,000 1897.................. $58,768,650
$68,276,895
$9,508,245
$20*00
Public build’g bonds.1892 4
$5,000 yearly. t
1896...............
64,658,105
58,334,725
6,323,380
22-00
do
do
1892 4
M & N
May 1 ,1 9 1 2
a l6 5 ,0 0 0 1895.................. 58,548,720
64,975,715
6,426,995
20 0 0
.7 A- T\ J^tiy 1» ’05 to ’09 ) 1 0 K OOO 1893.................. 64,623,680
71,189,470
6,565,790
20-00
City Hall.................... 1882 4
J Æ J ) $25,000 yearly. ( a l ^5, ° ° ° 1890.................. 63,380,046
69,662,571
6,282,525
1900
do do
................. 1882 4
J & J
July 1, 1910
a20,000 1880.................. 34,310,305
37,100,425
2,790,120
3600
M
«, c, ( March 1899-1900) , on non 1870.................. 24,981,511
.30,936,336
5,954,825
45-70
City improvement___1870 7
M * 8 l $60,000 yearlv \ a l2 0 >000 1860.................. 20,283,245
6,006,803
12-60
26,290,048
5 Mar. 1899-1909 )
1850..................
9,430,100
12,601,689
15-70
3,171,589
Sewer (Beaver C r.)...1889 3
M& H
B X $5,000 yearly, s a60,000 1846..................
11,241.438
7,792,340
3,449.098
13-20
M & N 5 ■N'oy. 1, ’ 98-1917) a30,000
do
do ...1 89 6 3*a M
PO PU LATIO N —In 1892 population was 97,120; in 1890 93,313;
& " ) $1,500 yearly. (
lington Park. ...1870 7
M & N
Aug. 1, 1910 > b50.000 in 1880 90,758. The estimate for 1898 was 100,000.
do
do . ...1871 7
M & N
May 1, 1911
b l 00,000
do
do . ...1872 7
M & N
May 1, 1912
blOO.OOO
do
do . ...1874 7
M & N
May 1, 1914
bl55,000
do
do . ...1874 7
M & N
May 1, 1916
b49,000 A L B A N Y C O U N T Y .—E. L. BARCKLEY,Treas.
do
do . ...1875 6
M & N
May 1, 1915
b75,000
County seat is the city of Albany.
do
do . ...1875 6
M & N
Nov. 1, 1917
b37,000
do
do . ...1876 6
M & N
May 1, 1918
b38,000
LO A N S—
When Hue.
LO AN S—
WhenDue.
do
do . ...1877 6
M & N
May 1, 1919
b 20,000
City H all—
W ar L oan—(Con.)
do
do . ...1878 5
M & N
May 1, 1920
b40,000 3*28, A&O, $50,000. ..Oct. 1,1901 4s, semi-an., $18,000...Mar., 1912
do
do .,...1880 4
M & N 5 May, 1920-1930) b295,000 3*28, A&O, 50,000...Oct. 1,1902 4s, semi-an., 17,000...Mar., 1913
) abt. $25,000 yr’l y $
3*28, A&O, 45,000. Oct. 1,1903 4s, semi-an., 16,000...Mar., 1914
do
do . ...1881 4
M & N
May 1, 1921
a30,000
County Court H ouse—
4s, semi-an., 15,000...Mar., 1915
do
do . ...1 8 8 ° 4
M & N
May 1, 1922
a28,000 4s, semi-an.,$105,000.Feb.l5,1911 4s, semi-an., 36,000...Mar., 1916
do
do . ...1882 4
M & N
Nov. 1, 1922'
a24,000
War L oan4s, semi-an., 18,000...Mar., 1917
do
do . ...1885 4
F & A
Feb. 1, 1925
alO.OOO 48, semi-an.,$114,OOO.Mar., ’99-’00 Total debt Aug. 15, ’98. $877,000
do
do . ...1894 2
J & D
June 1, 1934
a3,000 4s, semi-an., 21,OOO.Mar., ’01-’03 Ass’d valuation, real .$90.966,375
do
do . ...1895 4
M& N
May 1, 1922
a7,000 4s, semi-an., 67,000...Mar., 1904 Ass’d valuation, pers’1..12,437,785
do
do . ...1896 3*2 M & N
May 1. 1936
a7,000 4s, semi-an., I l l , 000.Mar., ’05 ’07 Total valuation 1897 $103,404,160
ï St. Viaduct. ...1889 3*2 F & A-i Feb. 1,1899-1909) a55,000 4s, semi-an., 66,OOO.Mar., ’08-’09 Population in 1892 was. ..167,289
X $5,000 yearly, s
4s, semi-an., 35,000...Mar., 1910 Population in 1890 w as...164,555
June, 1899 1907)
4s, semi-an., 37,000...Mar., 1911
Dudley Observatory.. 1892
2 J A
■ 1 $1,000 yearly. \ a9,000
INTEREST is payable at the County Treasurer’ s Office. The bonds
4 Jt Xr n 5 J p n f e , ’» 9 9 y t o T 9 1 4 , j a288,000 are
Beaver Park............... 1894
all registered.
u X $18,000 yearly. )
do
do ..............1895
4 JT At t 5 June, ’99to 1914,) „ /jo aaa
J
J ) $4,000 yearly. $ a68’000
A & O X° ct- 1899 1917 )
do
do ..............1897 4
A & ° ) $1,250 yearly. < «23,7o0 A L E X A N D R I A . — A dam B icklehaupt , Super.
This town is in Jefferson County.
1898-1906
)
ac aaa
Knox Street Viaduct 1897 4
J & T) 5
^ <$5,000 y’ly D ec.l. J 45’000
LOANS—
When Due. IStock in Utica & Bl’k R .. $60,000
|Tax valuation, r e a l........ 1,427,550
a Interest payable in Albany, b Interest payable in New York at Morristown & P hila . RR.,
(since consol, with Utica &
I Tax valuation, personal..
74,350
the Merchant’ s National Bank.
Black River)—
Total valuation 1897____ 1,501,900
STREET IMPROVEMENT BONDS
7s, M&N, $52,100....................1900 | Assessment is *2 actual value.
Total debt Jan. 1,1 89 8_$ 52,100 Total tax (per $1,000),’ 97______ $7’00
Principal and interest paid by holders of property benefited.
Sinking fund assets............ 21,000 1Population in 1892 w as........ 3,600
LOANS—
.—-Interest.— ,
■Principal.Net debt Jan. 1, 1898......... 31,100 |Population in 1890 w as........ 3,300
N A M E A N D PU R PO SE.
Rate. Payable.
When Due.
Outstand’g.
INTER EST is payable at Jefferson County Nat. Bank, Watertown,N.Y.
Delaware A v e „...._ 1 8 9 1 3*2 M & N
1898-1900
$26.100
Orange St.................. 1893 3*a M & N
1898
400
Quackenbush St........ 1893 3*i M & N
1898
500
Grand St.................... 1893 3*2 M & N
1898
5Z. S. WESTBROOK, Mayor.
7.800 A M Q T P U? TY A A/T
A IVI.— ) N> 0> STEVENS. Treasurer.
DelawareAv.(2 se r.).l. 93 3*a M & N
1898
4,200 A J .V L » I
Columbia St...............1894 4
M & N
1898
300
This
city
is
in
Montgomery
County.
Hawk St.................... 1894 4
M & N
1898-1899
6.800
Beaver St...................1895 4
M & N
LO AN S —
When Due.
1898-1899
LO A N S —
When Due.
1,800
Daniel St.................... 1895 4
M & N
1898-1899
Water B o ^ds—(Continued)—
1,800 B ridge Str . I mp. B onds—
Quail St. 2 Ser............1895 4
M & N
4s,’ . . . . , $22,712..June 1 ,’ 99-1900 5 s ,.... 65,000...........................Oot.1,1921
1898-1899
2,000
Third Avenue............1896 4
F unding B onds—
1898 1899
3s....... 25,000............ Oct. 1,1926
8,160
Various streets..........1895 4
M & N
1898-1899
37,500 3!2S, . $15,000...Sept. 1, ’99-1901 3 s,. . . . 115,000.......... .Mar. 1,1910
do
do .......... 1896 4
M & N
S
chool B onds , D ist. 8,11 & 13— Bonded debt Jan 1 ,’98... $714,212
1898-1911
331,900
do
M & N X1I0V- 1898-1902 ) 125,000 4s, . . . . , $14,000.......Oct. 1 ,’99-’ 12 Water debt (included)... 369,000
do .......1 8 9 7 4
4s, . . . , 15,000.......Jan. l , ’ 99-’03 Tax valuation, real........ 9,267,147
X($25,000 yearly.) 5
4s......... 10,000.......Oct. 1, ’99-’08 Tax valuation, personal.1,541,050
do
M & N 5 Nov. 1903-1907)
do .......... 1897 4
88,000
Sew er B onds‘x
t ($17,600 yearly.) 5
Total valuation 1897.. .10,808,197
Sewer improvem’ ts .. 1896
M & N
1898-1901
16,000 38........ $256,000...July 1 , ’ 99-’34 Assessment ^ to 3g actual value
do
do
..1897
Water B onds—
........
M & N
Total tax rate (per $1,000).$20T3
213,000
5 s ,.. .. 14,000.... ....O ct. 1,1901 Population in 1896 (est)___ 20,000
1 ™ 898!awa™$658 860tr6i3t lmp^ovement bonds outstanding on Apr 5s, .. .. 4 2 ,000.... ....O ct. 1,1906 Population in 1890 was....... 17,336
5 s, .. .. 49,000.... ....O ct. 1,1911 Population in 1830 was....... 9,466
WATER DEBT.
5 s ,.. .. $59,000.... ....O ct. 1,1916
LO ANS—Interest.— >
-Principal.N A M E A N D PU R PO SE.
Rate. Payable. , When
IN T E R E S T is paid at the National Park Bank of New York City.
Outstand’g.
W ater............. *
1874
F &
Feb. 1, 1900
$ 100,000
do
w 1874
F &
Feb. 1, 1901
100,000
do
>>o 1874
F &
Feb. 1, 1902
90.000 A N D E S .—J. F. S cott, Supervisor.
do
F &
S5.X 1874
Feb. 1, 1903
99.000
do
This town is in Delaware County. It contains village of same name.
+=>£ 1876
F &
Feb. 1, 1906
100,000
do
1876
F &
Feb. 1, 1908
LO A N S
When Due. Ass’ d valuat’n, personal..$135,664
*50,000
do
1876
F &
R efunded D ebt—
Feb. 1, 1909
15
50.000
Total ass’d val’n. 1897... 718,233
do
1877
F &
Feb.
1,
1911
3*cs,
M&S,
$114,000..Mar.
1,1899 Total tax (per $1,000) ’97.
50.000
17 '80
do
1877
F &
Feb. 1. 1912
(Part due yearly) to Mar.T, 1926 Population in 1892 w as.........2,183
50.000
Feb. 1,1899-1901)
do
Total debt Mar. 1.1898..$114,000 Population in 1890 was ab’t.2,264
1881
F &
150.000
$50,000 yeany. 5
Assessed valuation, real. 582,569 Population in 1880 was.........2,639
do
1887 4
F & A Feb. 1,1899-1907)
45.000
$5,000 yearly. 5
do
1888 4
A$
1,1899-1908
T T 'R 'M
SORLANDO LEWIS, Mayor.
4= F
X &
& A
2 Ffth.
$7>5(J0
yearly. \)
sä
75.000 AA TUT 'R
J=5 U ire IN .— ) J. P. JAECKEL, Treasurer.
June
1
,
’99-1908
)
do
This
city
is
the
capital
of Cayuga County. In 1894 the city pur­
1889 4
J & D
$17,500 yearly. J 175.000 chased the plant of the Auburn W. W. Co. for $425,000. At the same
time
the
city
assumed
the
water
company’s bonds to the amount o f
do
F & A ^ p ®b-A* 1899-1915)
1895 4
$7,000 yearly. 5 119,000 $112,000, which were refunded in June, 1895.
do
1896
F & A
Feb. 1, 1913
do
LO A N S —
When Due.
20.000
Southern Central RR.—(Con.)
1896
F & A
Local I mprovement B ondsFeb. 1, 1914
do
20,000
3s, M&S, $ 2 0 ,0 0 0 ....Mar. 1,1905
1896
F & A
.
.
,
.......$122,407...............................
Feb. 1, 1915
10,000
3s, M&S, 4 0 ,0 0 0 ....Mar. 1,1906
Southern Central RR.—
38, M&S, 4 0 ,0 0 0 ....Mar. 1,1907
do
1888 3*2 M & N- May 1,1899-1907 )
90.000 4s, M&S, $20,000___Mar. 1,1910 3s, M&S, 2 5 ,0 0 0 ....Mar. 1,1909
$10,000 yearly. 5
3s,
M&S,
21,000___Mar.
1,1899
Water B onds 1894—
do
1894 312 F & A \
1899-1914 )
40.000 3s, M&S, 2 0 ,0 0 0 ....Mar. 1, 1900 3*28, J&D, $300,000...May 1,1914
l $2,500 due y’rly. 5
3s,
M&S,
2
0
,0
0
0
....Mar.
1,
1901
($25,000
due yearly) to May 1,’ 25
M & N XMay 1,1899-1917 )
do
1897 4
95.000 3s, M&S, 3 0 ,0 0 0 ....Sept. 1,1902
Water W orks Co.’ s B onds as­
." ) $5,000 yearly. 5
3s,
M&S,
30,000___Mar.
1,1903
sumed
by*City —
do
1898 3 ij M & N May 1,1899-1918) 200,000 3s, M&S, 2 0 ,0 0 0 ....Mar. 1,1904 5 s ,. . . . $81,000...............1898-1905
$ 10,000 yearly, j
(Part due yearly.)
■«0 J0 1893 830,000 o f the above-mentioned 6 per cent bonds issued i
IN T E R E S T on the railroad bonds is payable at City Treasurer’ s
1876 were transferred from coupon to registered bonds bearing 4 ne
office; on school bonds by Board of Education; on water bonds at the
cent interest.
v
office of the Mercantile Trust Co., New York.

Cities , Counties




IN THE

and

T owns

T O T A L D EBT.—The city’ s total bonded debt on Mar. X, 1898,
was $789,407, including a water debt oi $381,000.
ASSESSED VALUATION.—In 1897 property was assessed at actual
value, against about 70 per cent previously.

Tears.

,-------------- Assessed Valuation.-------------- > Rale o f Tax
Real.
Personal.
Total.
per $1,000.

LOAN—
n a m e and p u r p o s e

'— Interest.— >
P- Gt- Payable.

B ridge B onds—(Con.)
Cert , of I ndebtedness. . 3 ^ g J & J

do
do
1897......................$11,782,405
$1,661,501
$13,443,906
$19*84
do
do
189 6 ........................ 9,527,625
1.555.529
11,083,154
----do
do
189 5 ........................ 9,416,280
2,039,003
11,455,283
28*38
do
do
1 89 0 ........................ 8,963,530
2,057,810
11,020,340
25*30
County D eficiency —
POPULATION —In 1892 population was 24,737; in 1890 it was
Con. gold stock................
2 5 ,8 5 8 ; in 1880 it was 21,924. Estimated in 1898 about 32,000.
do
do
.....
i GEO. E. GREEN, Mayor.
’ l B. W. MOSHER, Clerk.
This city is the county seat of Broome County. The water works
are estimated to be worth $2,000,000.
School Bonds—
LOANS —
When Due.
3*28, ....,$ 3 0 ,0 0 » ............................
A lbany & Susq. RR. B onds..1923-1926
3128, M&S, $26,000.. .1899 to 1907 3^8......... 20.000
($5,000 annually.)
($3,000 due yearly.)
Water B onds—
B ridge B onds48, S-A, $2,000.......... 1899 to 1902 7s, F&A, $3,000............1899-1900
$1,500 yearly.
($500 due yearly on Aug. 1,)
4s, ...... $33,000......................1906 7s, F&A, $7,000......... Aug. 1,1901
3s, S-A, 7 7 ,00 0 .....................1929 3s, F&A, $91,000...Aug. 1, 1907
3s, F&A, 62.000...Aug. 1, 1918
3*28......... 71,000....1930-1934
3 *28, . . . , 4,000_____Aug.1,1934 Bonded debt Feb. 1 ,’98..$630,500
City has no floating debt.
Cit y H all B onds—
4s, F&A, $25,000...Aug. 1.’ 15-'17 Water debt (included).. $164,500
4s, F&A, 20,500...Aug. l , ’28-’29 Tax valuation, real.......17,913,250
4s, . . . . ,
50,000..........1918-1922 Tax valuation, personal 1,940,430
Included in above, but
($10,000 annuaily.)
exempt from taxati’ n 146,250
4s, F&A, $50,000.........1923-1927
Total
valuation 1897.. .19,707,430
$10,000 yearly on Aug. 1.
Assessment about % actual value.
F ire Station Bonds—
3*28, . . . . , $25,000.......1913-’ 14-’ 15 City tax, (per $1,000) 1896.S14-56
3 i^ s,....... 8,000......... 1899 1906 Population in 1890 was......35,005
Population in 1880 was......17,317
($1,000 annually.)
Population in 1897 (est.)...45,C00
H ospital Bonds—
3328, . . . . , $25,000......... 1908-1912
($5,000 due yearly.)
INTEREST —On City Hall, water, $148,000 bridge and $8,000 fire
station bonds in N.Y City. On remaining loans, City Treasurer’s office.

B I N G H A M T O N .-

BROOKLYN—
Under the Greater New York Charter, New York City, Brooklyn, Long
Island City and the surrounding territory were united into one
municipality J anuary 1,1898.
The old city of Brooklyn covered the entire area of the county of
Kings, the county government being consolidated with that of the city
on January 1, 1896, under the provisions of Chapter 954 of the
Laws of 1895. Under the provisions of this act “ the debt of the said
county shall not be deemed to be or be included as a part of the
debt of the City of Brooklyn, within the meaning of the provision of
the Constitution of the State of New York limiting the power of cities
to incur indebtedness.” [See Chronicle , vol. 62, p. 49.] The towns of
Flatbush, New Utrecht and Gravesend were annexed to the City of
Brooklyn in 1894 and the town of Fiatlands became a ward of the city
on the first day of January, 1896.
---------Principal.------------ >
LOANS
,— Interest.— .
When Due.
Outstand’g.
N A M E A N D PU R PO SE.
Rate. Payable.
July 1, 1923 $1,650,000
Arrearage 10-40s................ 4
J &J
700,000
May 1, 1924
do
10-40s................ 3*2 J & J
Subject to call.
549,000
J &J
July 1, 1924
do
county ta xes... 4
43,000
July |1, 1905
J &J
Asphalt repaving bonds;.. 4
B ridge bonds —
405.000
July 1, 1905
Brooklyn City bonds
400.000
July 1, 1906
for
345.000
July 1, 1907
completion of bridge.
30,325
Jan. 1, 1937
East River Bridge.......
B ridge Bonds—
100.000
July 1, 1908
Brooklyn City bonds
260,000
July 1, 1908
for
400.000
July 1, 1909
completion of bridge.
440.000
July 1, 1910
do
do
....... 6
400.000
July 1, 1911
....... 6
do
do
400.000
July 1, 1912
do
do
....... 6
350.000
July 1, 1914
do
do
....... 6
300.000
July 1, 1916
do
do
....... 6
500.000
July 1, 1917
do
do
....... 5
250.000
July 1, 1918
do
....... 5
do
810.000
July 1, 1919
do
do
....... 5
319.000
July 1, 1920
da
do
....... 5
371.000
July
1,
1921
do
do
....... 4
400.000
July 1, 1922
do
do
....... 4
200.000
July 1, 1923
do
do
....... 4
257.000
Jan. 1, 1925
do
....... 4
do
300.000
July 1, 1927
do
do
....... 4
356.000
July 1, 1928
do
do
....... 4
50,000
July 1, 1900
New York Bridge ....... 7
;
July
1
,1901-’04
)
400,000
do
do
....... 7
J &
J S1$100,000 year.y )
71,000
do
....... 7
J & j
July 1, 1905
do
128,000
do
....... 7
July 1, 1906
do
J tSc j
101,000
....... 7
do
July 1, 1907
.T & j
do
50,000
do
....... 7
do
J & ,T July 1, 1908
100,000
do
....... 7
do
J & .T July 1, 1909
100,000
do
....... 7
July 1, 1910
do
.T & I
50,000
July 1, 1911
do
....... 7
do
J & J
i July 1 , 1912-’16 > 500,000
do
....... 7
J &
do
J l1$100,000 yearly. 5
91,000
do
....... 7
J & J
do
July 1, 1917
105,000
do
....... 7
do
J & J
July 1, 1918
104,000
do
....... 7
J & J
July 1, 1919
do
200,000
do
do
....... 7
J & J
July 1, 1920
181,000
do
....... 7
J & J
July 1, 1921
do
154,000
do
....... 7
J & J
do
July 1, 1922
65,000
do
....... 7
July 1, 1924
do
J & J
112,000
do
....... 3*2K J & J
do
Jan. 1, 1936
40,000
Jan. 1, 1922
terminal improv's___ 3*2 J & J
i Jan. 1, 1926-31) 600.000
do
do
....... 3*2 J & J S
1 $100,000 y’rly. 5
100,000
July 10,1925
do
do Con. g. stk. 3*2 J & J
60,000
do
....... 3 ^ g
Mar. 12,1926
do
do
....... 3
Jan. 1, 1922-’25 360,000
do
J & J
Of this loan $60,000 is in the sinking fund.
do Approach............ 4
J & J July 1, 1925-’27 275,000
do
do
....... 3 ^ J & J
Jan. 1. 1923-’27 982,000
Of this loan $82,000 is in the sinking fund.
do
do
........
J & J
July 1, 1923-27 500.000
100.000
Jan. 1, 1928
do
do Con.g.stk. 3*2 J & J
70.000
Jan 1, 1929
do
do Con.g.stk. 3*2 J & J
25.000
Jan. 1, 1935
New E.R. Bdg.con.g. stk. 3 ^ J & J
150.000
do
do
...... 3iflgJ & J
Jan. 1, 1936
332.000
do
do
___ 3*2gJ & J
Jan. 1, 1937




S^g J & J
3 lag J & J
3iagJ & J

3iagJ & J

-Principal,When Due.
Outstand’g ,
( 1898-1902 )
1 $5,000 yearly >
( on Nov. 10. )
Jan. 1, 1900
Jan. 1, 1901
May 1, 1901
Oct 4, 1902

$ 35,00a
30.000
30.000
24.000
80.000

48,000'
Jan. 1, 1926
S^g J & «
700,00»
Jan. 1, 1S36
S^gJ & J
[ mprovement B onds.—Various purposes
95.000
Jan. 1, 1920
City Hall impts............... 3iagJ & J
Jan. 1, 1920 s.f.35,000
do
do
............... 3iagJ & J
25.000
Jan.
1,
1921
............... 3 lag J & J
do
do
July 10, 1932-’3 4 ) qoo 000
Gravesend Local impts. 3iag.J & J ^ $ 100,000 yearly. $ ¿90,000
s.f.13,000
Dec. 17, 1925
313
do
do
_ J & D
8,500
May 21,1925
do
do
— 3ia J &
21,242
Jan. 1, 1936
Int. due on Grav. bonds. 3 *2g J &
108,000
1920
to
1921
J &
, OA,
Local improvement...... IT 4
,
.
„
<Feb. 13, 1904-’ 16 > , o00 OOO
do
do
............. 3
........ i f 100,000 yearly. S1’ d00’00°
.
^ ^
o
t £. t 5 J a n . 1 , 1916-’24 ~
900.000
do
do fund......... 3
J <fe J ^$100,000 yearly
Of this loan $500,000 is in the sinking fund.
340.000
do
......... 3^a
J & J 1918 to 1921
do
Of this loan $140,000 is in the sinking fund.
J & J
Jan. 1, 1921
s.f.7,000
do
do
. T 5 Jan. 1, 1920-’22 1 q a a a a a
do Laws o f 94
do
& J } $ 100,000 yearly. 5 300>000
Jan. 1, 1925-’28 ) 4 aq qqq
J & Jt 5
do
........ 4
do
( $ 100,000 yearly, s 4UU,UUU
J
Jan. 1, 1929
35,000
J &
do
........ 4
do
Jan. 1, 1923-24st200.000
do
......... 3 * 2 J &
do
100,000
Jan.
1,
1930
do
......... 3!ag J &
do
200.000
Jan. 1, 1914
do Laws of’95tf 3 g J &
do
100,000
Jan. 1, 1915
do
......... : *agJ &
do
300.000
Jan. 1, 1916
do
do
HiagJ &
150.000
Jan. 1, 1917
do Laws o f ’96 3*agJ &
do
250.000
Jan. 1, 1917
3 *-2gJ &
do
do
37.000
Jan. 1, 1937
do
3!agJ &
do
. T 5 July 1 , 1905-’ 10 >
Eighth ward im prov.... 11 3
J ** J ( $ 100,000 yearly. > 600.000
50.000
J & J
July 1, 1911
do .
do .......... 3
o
T j*. t 5 Jam 21, 1917-’20 )
School improvement.... H 3
J «
$100,000 yearly. 5 400.000
o
T a . t 5 Jam 1, 1916-’ 23 )
800.000
do
a
j ® J j $100,000 yearly. 5
Of this loan $758,000 is in the sinking fund.
Jan. 1, 1925-26 200,000
Museum Arts & Sciences. S^ag.J &
92.000
Jan 1, 1927
ao
do
3*2 J &
25.000
Jan.
1, 1928
do
do
3*2 J &
7,000
Oct. 4, 1917
Memorial bonds................ S^ag.J &
Park B onds—
Jan.
1,
1914
50,000
East Side Park............... 4
July 1, 1915
6,561,000
Prospect Park.................. 7
July 1, 1916
134,000
do ~ do ...................... 7
Jan. 1, 1917
500,000
do
do ...................... 7
Jan. 1, 1918
410,000
do
do ...................... 7
July 1, 1924
1,092,000
do
do ...................... 6
Jan. 1, 1912-’ 18 650,000
Park purchase bonds___ 3
Jan. 1, 1909-’ 10 100,000
Park improvement..... 4
Jan. 1 . 1911-’ 12 s.f.100,000
do
do
......... 3*2
July 1. 1913 s. f .40,000
do
do
......... 3 *2 ^
Jan. 1, 1917
s.f.55,000
Road bonds..................... 3*2g J &
Jan. 1, 1937
5,000
Publio Library.................. S ^ g J &
Re-indexing Bonds—
s.f.52,500
Jan. 1. 1927
Con. gold stock............... 3^2 J & J
J a n .l,’ l l -’ 12
134,500
do
do
........ 3*agJ & J
Jan. 1, 1927 s. f . 84,000
J & J
do
do
* ........
Sew er B onds :
s.f.30,000
Jan. 1, 1899
J & J
Sewerage fund............II 4
12,000
Jan. 1, 1900
do
................ S ^ g J & J
24.000
May 1, 1901
do
................ SHigJ
...... & J
Aug. 6, 1916 s.f.40,000
Sew er............................... S ^ gJ & J
250.000
Jam 1, 1925
do Con. g. stock....... 3*2 J & J
75.000
Jan. 1, 1936
do
. . . . . . . . . . . 3 Lj J & J
100.000
Jan. 1, 1936
do
................. 3*2g J & J
50.000
Jan. 1, 1937
' do
................. 3*2 F & A
s .f.10,000
Aug. 1,
Sewerage,Flatb.S.Ases.IT 3*2 J &
J . 1900
.
„
-p . . ( Aug 1 ,1900-’0 6 >
35.000
do
do
IT 3*2g. F & A j $5(000 yearly. 5
Of this loan $15,000 is in the sinking fund.
.
.
tj, . . 5 A ug.l, 1907-’ 1 0 )
40.000
do
do
31« F & A | $io,000 yearly. 5
2,000
do Bonds!! 3*2 F & A
Aug. 1, 1910-T1
do
Aug.
1,
1912-13
12.000
H 3^ F & A
do
do
Aug. 1, 1914-19
30.000
H 3*2 F & A
do
do
6,000
Aug.
IT 3*3 F & A
I 1,. 1920
do
ao
A u g.l,1911-1914)
35.000
do
do
31sg-F & A | $7,000 yearly. 5
01 ™ » A 5 Aug. 1,1921-1928>
70.000
do
do
S^ g * &
$9,000 yearly. >
& J SJuly2,’99,to 1905 ,
Sew’agefundKnick.Av.se’r 3 ^
$2*9,000 yearly. J 197,000
& J Julyl,1906 & ’07
49,161
do
do
3
& J
July 1, 1908
s.f.90,000
Main sewer relief, etc—
3
&
J
July
1,
1922
s.f.117,000
do
do
1933
s.f.50,000
do
___ 3*2 J & J
do
A T 5 Julyl,1923,to ’ 26 ) 400 000
J & J * $100,000 yearly. 5
do
.... 3
do
1922 to 1927
643,000
3^2 J & J
do
—
do
Of this loan $250,000 is in the sinking fund.
200,000
&
J
1931
&
1932
J
do
----- 4
do
50.000
Jan. 1, 1925
Auxilliary (con. g. stk.) 3*2 J
168,000
Jan. 1, 1«36
do
___ 3l2g.J
do
50.000
Jan. 1, 1936
do
___ 3*2gJ
do
twenty-sixth and adja-) 4
250.000
1917-’ 19
J
cent wards................. s
400.000
1920-’ 23
J
do
......... 4
do
100.000
Jan. 1, 1926
J
do
......... 4
do
Jan. 1, 1915-’ 16 2001000
do
......... 3*2 J
do
45.000
Jan. 1, 1918
do
do
......... 3*2g.J
150.000
Jan. 1, ’ 24-’ 25
do
1892 3*2 J
do
50.000
Jan.
1,
1925
do
......... 3^2 J
do
Jan. 1, 1927
100.000
do
......... 3>2g.J
do
Jan.
1,
1914
149,000
......... 3g. J & J
do
do
Site and B uilding L oans :
o j ( Jan.1,'99, to 1903) q, aaa
Fo urth Precinct station.. 3
&
$5,000 yearly. $ « .2 5 ,0 0 »

do

Memorial monument___
do
Warren Pedestal
Municipal site..................
Publio market.................
do
do ..................
do
do ............... IT

S^g.J &
3*2g.J &
3
J &
4
J &
3i2g.J &
3
J &

J
^^$?0,000 ^yearly7 ^40,000
J
Jan. 1, 1906 s.f.4,000
J Julyl,1914-’ 15&’16sf.265,000
J
J a n . l, 1 9 2 0 , t o ’2 3 1 , 2 0 9 ,0 0 0
J
Jan. 1, 1 9 2 4 9 0 , 0 0 0
J J a n . 1,1917,’ 18 &’ 19 750,000

LOANS-Interest.s ^ EA 1 D^ y RP0SERate Payable.
Site and B uilding Loans—(Con.)—

-Principal.—
When Due. "Outstand’y

R TT PT 1T A T
5 CONRAD DIEHL, Mavor.
D u r r A L U . ¿ERASTUS C. K N IGHT, Comptroller.
Buffalo is in Erie County, and the city’s tax valuation is about 67 that
Public site and const’ct’n 3
J & J |^ ^ O C K ^ y earl^ | $5 °0>000 of the entire county.
----------- Principal------------,
LOANS —
—Interest.— ,
~ ,„ . .
Cf this loan $370,000 is in sinking fund.
When Dice.
Outstand’g
Rate Payable.
.School building............... 4 J & J
Jan 1, 1920
100,000 N AM E AND PURPO SE.
1. Clty L oans—V arious P urposes :
5°
do ................ 4
J & J Jan. 1,1920 to »22 250,000
Volunteer relief.......... 1880 5
A &O
Apr. 26,1899
$25,000
do
do ----- 1892TT 3*2 J & J
Jan. 1, 1918
100,000
Municipal building.... 1890 3*2 J & J July 1 5 ,’98 to 1905
40.000
do
do ----- 1892H 3 * 2 J & J
Jan. 1, 1919
100,000
Deficiency,
ref..............
1890
3*2
M
&
S
Mar.
1898
to
1905
<lo
-----40,000
105.000
do
3*2 J & J
Jan. 1, 1923
Jan. 1, 1902
•do
45,500
do
3*2 J & J Jan. 1, 19 2 3 ’24 s.f.200,000 Swing bridge, ref.........1887 3>a J & J
Apr. |
1, 1920
•do
80.000
do
3*2 J & J
Jan. 1, 1925
s.f.18,000 Market...........................1890 3*2 A & O
1890 „3
_ road award__
'
J & D
June 2, 1910
115.000
<lo
do .......1894 312g. J & J
Jan. 1, 1925
32,000 Plank
July
1.
1916
Refunuing
bonds......
1896
3*2
J
&
J
183.000
do
-do ....... 1894 3*2g. J & J
Jan. 1,1924-26
250,000
June l , ’03-’07 *
•do
218,000
do .
1895 312g. J & J
Jan. 1, 1935
do
do
1898 3*2 J & D
84,548
1-5 yearly,
do
do
3*2«r.J & J Jan. 1, 1936
232,000
do
do
.1895 312g. J & J
Jan. 1, 1936 s € 100,000 Grade crossing b’ds.. 1891 3*2 F & A Feb. & J n e .l, 1917 831,927
do
do
1898 3*2 F & A
Eeb. 15,1918
89,137
do
do
■ f f r3
J
1 & J“
1917-1921
266,000
____
do
do
19«8
3*2 A & O
Apr. 1, 1918
200,000
Of this loan $162,000 is in the sinking fund.
Reimbursing bonds..1897
1897
<i2 J & J
July 1, 1916
183.000
do
Jan. 1, 1937
250,000 I8. Buff, flood________
do ................ 3*2g.J & J
bonds 189? 3*2 J & J
July 1, 1927
73.000
do
do ................ 3*2g.J & J
Jan. 1, 1937
90,000
571,323
Sold’rs’ and sail’rs’ mon’t 3
J & J $ 20 000 ^to^l905* £ 130,000 Buffalo Charter loan.,1891 3*2 J & J { p S t d ù ? yelriy^ ?
County Hall.1872 7
F &
Aug. 1, 1902
100.000
100,000 City and
do
do
4
J & J
June, 1925
do
do
M &
1873 7
May 1, 1903
100,000
4
J& J
Sept. 14,1904
50,000
Station house.............
do
do
1873
M
&
7
Sept.
1,
1905
150.000
3*2
J
&
J
Jan.
21,1905
w.f.14,000
do
do ............
do
do
1874
7
J
&
July
1,
1907
200.000
do
do ............
3*2
J& D
Deo. 17, 1905
s.f.1,000
do
do
1875
M
&
7
Sept.
1,
1910
125.000
3*2
J& J
Mar. 16,1906 s.f.10,000
do
do ............
do
do
1891 4
M &
Nov. 1, 1911
50.000
do
do ............
3*2g.J & J
May 1, 1906
39,000
do
do ............
3*2g.J & J
Oct. 29, 1906
s.f.4,000 Schools__
3*2 F &
124.500
W allabout Market —
to 1909 >
do
....................... 1889 3*2 M & N $ Nov.1,’98
97,500
do
Goa. stock. 3*2 J & J
Jan. 1,
1903s.f.10,000
$7,500 yearly. 5
do
Con. stock. 3*2 J & J
Jan. 1,
1925s.f.25,000
do
....................... 1892 3*2 A & O* Apr. 1, 1912
150.000
15.000
do
do
..... 3*2g.J & J
Jan. 1, 1925
do
....................... 1894 3*2 F & A
Feb. 1, 1914
300.000
25.000
do
do
bonds. 3^2g.J & J
Nov.10, 1921
5 Cot. l , ’99to 1915 > 212.500
do
....................... 1895 3Lj a *
3*2g.J & J
Oot. 4 ,1917
20,000
do
do
Ä
$12,500 yearly. $
Wallabout B onds—
d0
....................... 1897
J & J l$25.0Ò0%9eÌrÌy7 ^ 475.000
3*«g.J & J
Jan. 1, 1925
do
do
65.00t.
Jan. 1. 1926
do
do
3*2g.J & J
do
....... 1898 3i* m * M B ’o8S
8 | 100 ,0 0
190.000
»an. 1, 1926
do
do
3*2g.J & J
1898-1917
70.000
Jan. 1, 1937
Con. g.Leonard St.imp.
3*2g.J & J
45,000
Water B onds—
[
Oct. 5. "
)
287.000
7
J <fc J
Jan. 1, 1904
Water bonds.............
B onds for P arks :
60.000
J
&
J
Jan.
1,
1906
7
........................... 1870 7
J <fe J
1915-’16-’ 17
250,000
87.000
Jan. 1, 1909
7
J & J
J & J
7
Jan. 1, 1918
50,000
100.000
7
July 1, 1909
J & J
do ........... ...............1871 7
&
J
July
1,
1919
J
100,000
341.000
Jan. 1, 1910
7
J & J
do
do
...........
...............
1872
7
&
J
July
1,
1921
J
100,000
97,OOC
J & J
July 1, 1910
7
........................... 1873 7
J & J
Jan. 1, 1923
95,000
97.000
7
J & J
July 1, 1912
do ........................... 1873 7
J & D
Dec. 1, 1924
100,000
July 1, 1899
6
J & J
do ........................... 1874 7
&
J
J
Jan.
1, 1924
100,000
J
6
J
Jan. 1, 1902
do ........................... 1875 7
J & J Jan. 1, July 1, ’25
200,000
Jan. 1, 1904
6
J & J
do
do
do ........................... 1876 6
J & J
Jan. 1, 1924
100,000
d'an. 1, 1906
30,000
6
J
J
do ........................... 1887 3*2 F & A
Feb.
1,
1927
120,000
Jan. 1, 1907
6
J & J
........................... 1890 3*2 J & .1
Jan. 1, 1925
50,000
Jan. 1, 1909
6
J & J
........................... 1891 3*2 J & J
July 1, 1921
200,000
4
J & J
1910 to 1914
do ............................ 1894 3*2 J & J July 1,1924 & ’26
100,000
J
Jan.
1,
1911
do
J
&
do
3*2
do ............................ 1886 3
J& J
July 1, 1910
50,000
Jan. 1, 1912
do
do
3*2 J & J
do ................ ...........1886 3
J& J
July 1, 1926
30,000
30.000
1913
3*2g J & J
ry,
T
T
5
Jan.1.
1899-1917
>
*0
0*0
do ............................ 1897 3*2
205,855
Mar., 1916
3*2gJ <fc J
J &J ^$2,750 yearly. \
52’250
10.000
3*s g;J & J
Aug. 6, 1916
do
.
.
.
.
i
....................
1897
3*2
J
&
J
April
1,
1917
30,000
Jan. 1, 1925
do
350.000
3*2 J & J
do ............................ 1897 3*2
J& J
June 1,1 91 7
8,946
16,500
May 21,1917
3*2 J & J
do
375.000
Jan. 1, 1937
3*2 J & J
1897
3*2
J
&
D
S
D
|2
C
;7
V
o8ye8arly1
7
5
35’000
Jan. 1, 1936
do
350.000
3*2 J & J
t 5 J’ne 1,1899-1918 ? 9*0 nno
Refund’g Park Bonds. 1898 3*2 JT A
Jan. 1, 1937
do
do
3*2gJ <fc J
& J I $12,500 yearly, f 250,000
3
J & J Jan. 1,1905 & ’(
3. R ailroad Loans :—
July 1, 1908
500.000 Buff.AJamestownRR.1879 5
3
J & J
F& A
Aug. 25, 1899
75.000
Jan. 1, 1909
3
J <fc J
600.000
do
do ref., 1893 3*2 J & J
Jan. 1, 1913
75.000
Jan. 1,. 1912
do
do
125.000
3
J & J
do
do
ref.,
1893
3*2
F
&
A
Feb.
1,
1913
75.000
do
do
3
J & J
Jan. 1, 1913
420.000
do
do ref., 1893 3*2 J & D
June
2,
1913
75.000
J
&
J
Jan.
1,
1937
110.000
3*2
• do
do ref., 1895 3*2 A & O
Oot. 1. 1915
77.000
Buff. N.Y.& Phil. RR., 1884 4
A & O
Apr. 1, 1901
30.000
T O T A L DEBT, SINKING FUNDS, Et c Buff. & Jamest’n RR., 1884 4
M & N
Nov. 1, 1902
75.000
do
do
1885 4
J & J
Jan. 1, 1904
75.000
Dee. 31,1897.
Mar. 1 ,1 8 9 7 . Jan. 1 , 1 8 9 6 .
Buff.
N.Y.&
Phil.
RR.,
1885
4
J
&
J
Jan.
1,
1904
30.000
Ordinary debt..................... $42,869,728
.............
$ 3 8 ,0 2 8 ,1 6 1
Apr. 1, 1902
75.000
Water debt.......................... 16,807,750
.............
1 6 ,1 9 6 ,0 0 0 Buff. & Jamest’n RR., 1888 3*2 A & O
do
do
1886
3*2
F
&
A
Feb.
1,
1904
Temporary debt................
2,939,000
75.000
.............
7 0 0 ,0 0 0
do
do
1894 3*2 J & J
July 1, 1914
75.000
Tax certificates.................. 4,060,000
.............
2 ,8 0 4 , 3 6 i
Buff. N.Y.&Phil. RR., 1886 3*2 J & J
Jan. 1, 1906
40.000
do
do
1889 3*2 A & O
Oct. 2, 1909
100,000
Total debt.................... $66,676,478
$63,533,258
$57,728,522
do
do
ref.,
1890
3*2
J
&
J
July 1, 1910
100,000
Sinking funds............. ........ 6,734,056
5,985,160
5,691,522
do
do ref., 1890 3*2 J & D
Dec. 15,1910
100,000
do
do ref., 1891 3*2 J & J
July 1, 1911
100,000
Net debt....................... $59,442,422
$57,548,097
$52,037,000
do
do ref.. 1892 3*2 J & J
July 1, 1912
100,000
4. Sewer L oans :—
DEBTS OF ANNEXED T O W N S — Not Included A bove ,—Mayor
M & N
May 1, 1913
238.000
VanW yck gave the net funded debt December 29, 1897, as follows: Bird Avenue...............1883 4
New Lots, $519,820; Platbush, $929,000; Gravesend. $1,404,296; Flat- Buffalo Truni 1888-90.......
330.000
lands, $62,169; New Utrecht, $734,969. Adding the net debt of the
County of Kings ($14,851,893), the aggregate net debt of the Borough
190.000
do
1886-87
3
i
A
A
j
f
Ä
f
r
o
l
k
i
o f Brooklyn was reported at $74,390,569, not including $4,060,000 of
M & N
May 1, 1911
30.000
temporary debt—see Chronicle January 8, 1898, page 95. A later Babcock & Seneca St..1886 3
do
do
3
M & N
May 1, 1912
30.000
statement by Comptroller Color was given in the Chronicle May
July 1, 1918
200.000
14,1898. The details of the bonded debt of the various places here Bailey Avenue.................... 3*2 J & J
Hertel Avenue.............1887 3
F& A
Aug. 1, 1917
200.000
mentioned will be found elsewhere in proper alphabetical order.
5. Ta x Loans :
SINKING FUND.—The sinking fund is invested in the city’s own Tax loan...................... 1880 4*2 J & D
June28,1900
$200,000
bonds, those issues marked with “ s. f . ” in the table above being
do
......................1894 3*2 F & A
Aug. 15,1899
204,568
held entirely by this fund.
......................1895 3*2 F & A
do
Aug. 1, 1900
359,332
do
......................1896
3*2
F
&
A
Dec.
1,
1901
527.000
TAX FREE.—Certain loans of the city of Brooklyn are exempt from
do
......................1897 3*2 A & O
Oot. 1, 1902
571,946
taxation, and where the fact is known to us we have added a paragraph
do
......................1898 3*2 F & A
Aug.
15,
1903
466,003
mark (IT) to the title of the loan. The school building bonds are ex­
6. Water B onds :
empt from local tax only.
Water .........................1873 7
M & 8
Sept. 1, 1903
200.000
do ......................... 1874 7
A & O
Apr. 1, 1905
100,000
INTEREST. -Interest is paid in Brooklyn.
do ................... 1874-75 7
F& A
Aug., 1908-09
300.000
ASSESSED VALUATION.—Improved real estate is assessed at
do .........................1874 7
A & O
Oot. 1, 1908
79,382
about 70 p. o. of its actual value and unimproved at about 50 p. 0.
do ................... 1879-80 5
A & O
Apr. 25, 1899
100.000
J & J
do .........................1880 4
July
1,
1904
50.000
■Assessed Valuation.----------------- ■.Bate o f Tax
do ......................... 1880 4
M & S
Sept. 1, 1904
100,000
Tear«.
Real.
Personal.
Total.
per $1,000
do .........................1881 4
A & O
Apr. 25,1900
100,000
1897............. $570,107,742
$33,688,721
$603,796,463 $28-31
do .........................1884 4
A & O
Apr. 1, 1901
90.000
1896............. 555,310,997
27,536,636
582,847,633
29-00
do ........................1891 4
...........
Nóv. 1. 1911
100,000
1895............- 540,359,686
23,627,446
563,987,132
27-40
do ......................... 1885 3*2 J & J
July 1, 1905
100,000
1890............. 430,911,794
21,846,807
452,758,601
25-80
do .........................1886 3*2 A & O
Oct. 1, 1903
100,000
1885............. 311,308,060
19,375,702
330,683,762
29-00
do .........................1887 3*2 M & S
Moh. 1, 1906
100,000
1880............. 223,620,197
11,215,794
234,835,991
26-90
do .........................1887 3*2 A & O
Apr. 1, 1906
50.000
do ..............
1888 3*2 J & D
June 1, 1902
100,000
PO PULATIO N.—In 1892 population was 957,163; in 1890 it was
do
..............
1888
3*2
J
&
D
June15,1908
57,500
806,343; in 1880 it was 566,653. In 1897 (estimated) 1,189,000.
do .........................1888 3*2 J & J
June15,1914
275.000
do .........................1888 3*2 J & J
Dec. 1, 1908
100.000
do ......................... 1889 3*2 M & N
May 1, 1919
225.000
B R O O M E C O . — J o h n A. R i d e r , Treasurer.
do
........................
1889
3*2
A
&
O
Oot.
1,
1909
145.000
County seat is Binghamton.
Water refunding.........1890 3*2 J & J
J & J, 1910
150.000
LOANSWhen Due. Assessed val., real......$31,222,953
do
do
...........1891 3*2 J & J
Jan. 1, 1911
100.000
Court H ouse B ondsAssessedval..personal .3,432,899
do
do
.......... 1891 3*2 F & A
Aug. 1, 1911
50.000
48, F&A, $60,000.......1899 to 1904 Total valuation 1897.. 34,655,852
do
do
...........1892 3*2 A & Q
Oct. 1, 1912
100,000
Tax rate (per M.) 1897....... 21-50
($10,000 annually.)
do
do
...........1892 3*2 J & D
Deo. 1, 1912
100,000
Bond, debt Aug. 16,’ 98. $155,000 Population 1 8 9 0 .................. 62,973
do
do
.......... 1894 3*2 J & J
July 1,1914
190,000




45

October, 1898

5 JAMES H. MITCHELL, Mayor.
( MILLER HAY, Chamberlain.
This city is in Albany County.
W\ter B onds—(Con.)—
Jan. 1,1916
$50,000
Water Refunding.......1896 3*2 J & J
W ater Bonds—
LOANS—
When Due.
1899-1917. )
7s, J&J, $30,000---- July 1,1899
Cemetery B onds—
do
do
„..1 8 9 7 3 ^ J & D 3 $20,000 yearly [
380,000 4s, ___,$ 3 ,50 0 ........July 1,1899 ($2,000 due yearly) to July 1,1913
( on June 1. )
($5 0 due yearly) to July 1,1905 7s, J&J, $12,000__ July 1,1899
FREEDOM FROM T A X A T IO N . — The Buffalo trunk sewer bonds 4s, J&J, $5,000.......... July 1,1901 ($1,000 due yearly) to July 1 1910
4s, J&J, $65,000----July 1,1918
City H all Bonds—
are exempt from city taxation.
Subject to call July 1,1903.
l(V|y£R£S 1*_W H E R E PAYABLE. —Interest on the bonds is.payable 4s, Ann., $30,000,...Dec. 15,1909
4s, F&A, $25,000__ Aug. 1,1907
($5,000
due
yearly)
to
Dec.
15,1914
■by City Comptroller in Buffalo and by the Gallatin National Bank In
($5,000 due yearly) to Aug. 1,1911
4s,
___,
$70,00o_
_
Dec.
15,1915
New York, as follows($5 000 due y’rly) to Deo. 15,1928 4s, J&J, $75,000... .July 1, 1920
—I nterest P ayable .
Subject to call July 1,1905.
City H ospital B onds—
In both N. Y. & Buff.
In New York only— School bonds.
4s,
. . . . $ 13,0 0 0 ....July 1,1899 4s, J&J, $ 1 4 ,0 0 0 ....July 1, 1923
Buffalo Trunk sewer.
Swing bridge.
Volunteer relief.
4s, J&J, $25,000........ July 1,1905
($1,000
due
y’rly)
to
July
1,
1911
City
and
County
Hall.
Market bonds.
Sewer bonds—
4s, ___ $5,000___July 1,1912 ($5,000 due yearly) to July 1,1909
Grade crossing.
Plank road awards.
Hertel Avenue.
4s, J&J, #15,000......... ran. 1, 1900
F ire L oan B onds—
Babcock & Seneca St. Municipal Court b’ld’g Park bonds.
($1,000 due yearly) to Jan. 1,1914
4s, J&D, $9,000Dec. 31,1898
Railroad bonds.
Bird Avenue.
Bonded debt Mar. 1, ’98..$428,402
($3,000
due
y’rly)
to
Dec.
31,1900
Refunding
bonds.
In Buffalo only—
Bailey Ave. sewer.
Water debt (included)---- 249,000
I mprovement B onds School bonds.
Buffalo Charter, 1891. Deficiency loan.
4s, J&J, $1,933.......... Jan. 1,1905 Tax valuation, real.......10,608,866
Tax loans
Monthly local work.
Tax
valuation, personal 1,146,700
Sc h o o l B o n ds—
Water loans.
4 s ,.......$1 ,‘ 0 0 ..........July 1,1899 Total valuation 1897...11,467,766
T O T A L DEBT, SINKING FUNDS, Etc —
f$l,000 due y’rly) to July 1,1915 Oity tax (per $1,000) ’97....$12-00
July 1,1896. 4s, J&J, #15.0 0 ..July 1,’09 t o ’ l l State & co. tax (per $1,000).. 5-15
Feb. 1,1898.
July 1,1897.
Population in 1892 was__ 23,234
$12,7/9,210
($5,000 due yearly.)
$13,803,079
Total bonded debt........ $15,232,2^3
522,818 4 s ,.......$5,000........... July 1,1916 Population in 1890 was__ 22,509
459,417
544,306
__________
Sinking funds................
Population in 1880 w a s ....19,416
Net debt....................$14,772,876
$13,258,773 $12,256,362
All of the $75,000 water bonds are registered, and of the $65,000
Water debt (inci. above) $3,941,882
$3,515,882
3.515,882 issue, $35,000 are coupon and $30,000 registered.
The sinking funds are all invested in the city’ s own bonds.
INTEREST OR 7 per cent water bonds is payable at the Nat. Bank of
r iT V P R O P FR T Y —The city owns real estate estimated at $10" Cohoes; on $ ¡5,000 of 4% water bonds at the Manufacturers’ Bank,
163,232 personal property valued at $8,296,458; total, $18^359,690- Cohoes; on all other bonds by the Central Trust Company.
This total includes the water works, real estate, valued at $690,405
and personal property valued at $7,299,914. The total resources of
the city on July 1, 1897, including the above property, were figured
P O IN T —
bv the Comptroller at $21,220,357 and the total liabilities at $14,- C O L L E G E
372,151, leaving $6,848,205 as the excess of resources over liabilities.
This village was in the town of Flushing, Queens County, and was
ASSESSED VALUATION.—“ Assessment is made upon the nominal consolidateu with “ Greater New Y ork ” January 1,1898.
real value.”
, _ , ..
m
LOANS—
When Due. I Water B onds—(Continued)—
Oity Tax
,___________ Assessed Valuation.------------------>
Improvement B onds—
■4s, J&J, $22,000........... 1914-1915
Years.
Beal.
Personal.
Total.
per $1,000. 7s, J&D, $6,000. .Dec. 1, ’ 98 to ’ 99 |4s, J&J, 11,000..........July, 1916
189«.......... $
............
$ ..... .......... §
$ ..................
#18-04
$3,000 payable yearly. 14s, J&J, l ) ,00<>......... July, 1917
1897
230,698,810
16,689,465
247,388,275
14-92 3^8, . . . . , $115.000.......1902-1926 |4s, . . . . .
25,000..................... 1937
1896...............225,485,795
13,486.550
238,972,345
1502
Bonded debt Jan. 1,1898.$417,000
($4,6(>0 annually.)
1895'"""
220.290,690
14,360,710
234.65 L,400
15-39 4s, . . . . . $45,000........... 1902-1916 Tax valuation 1894......... 1,238,000
1890.’ ....... 151,356,325
11,003,125
162,359,450
14-68
Assessment abt. hi of actual value.
($3,000 yearly Dec.)
1 8 8 0 .:::.:.
81:708:905
7,523,580
89,232,385
i4 -i6
Total tax per $1,000........
$4-16
Water B ondsPHPIII ATION —In 1892 population was 278,796; in 1890 it was 78, J&J, $165,000..........1899-1913 Population in 1890 w as........ 6,127
Population
1894
(estimated)
.6,100
($11,000, due yearly on July 1.)
255,664; in 1880 it was 155,134; July, 1897, estimated at 375,000.
LOANS—

nam e or

purpose.

7— Interest.— .
P. Ot. Payable.

-Prindpal.When Due.
Outstand’g

C A N T O N . — This village is in St. Lawrence County.
I OANfi—
When Due. I Bonded debt Sept. 1, ’98.. $75,800
Sew er B onds—
Sinking fund assets........
6,000
j& j, $35,000 ...J u ly 1,1919 I Assess’d valuation 1898.1,201,470
Wa t e r B onds—
I Vil. tax rate (per M .)’ 9 s
9-49
2,580
313s, J&J, $40,000___July 1,1909 1Population in 1890 w as..
C A T S K I L L . - J . H . Story , T r e a s u r e r .
This village is in the town of the same name in Greene County.
LOANS—
WhenDue. 1 Interest on village bonds is payable
V illage Water B onds—
I at the Catskill National Bank.
($1,000 each.)
I Village debtMar., 1898.. $152,000
4s J&J,$147,000..$5,000duey’rly j Town debt March. 1898. 11,000
T own I ron B ridge B onds—
Village tax valuat’n, •97.3,300,000
4s M&S, $1.500.......Mar. 1,1899 |Town tax valuation,’97. 4,401,715
4s’ J&D, $6,000........ June 1,1899 |Population of village, 1890..4,915
($2,000 due yearly) to J’ne 1,1901 |Population of village 1897...6,000
C A T T A R A U G U S C O .—
Little Valley is the county seat.
LOAD'S—
When Due. I Assessedval’ ation’98.$19,590,454
5s, $50,000.............................. 1899 Population in 1890 was ... 60,866
Bonded debt May 1 ........... $50,000 I
/-< A
A
5 J. W. HOWSON, Mayor.
C A Z E N O V I A . — l w . D. WELLS, Village Clerk
Cazenovia is in Madison County.
LOANS—
When Due. I Tax valuation,real.......... $769,950
W ater B onds—
I Tax valuation, personal. 144,750
3128, M&N, $41,000...Nov. 1,1914 Total valuation 1897....... 914,700
Sew er B onds—
I Assessment not hi actual value.
4s, M&N, $31,000.......May 1,1915 I Total tax (per $1,000).........$25-80
Interest payable in New York.
Population in 1897;(est.)...... 1,945
Total debt Feb. 1,1898
$72,000 j Population in 1890 w as........1,987
TA X FREE.—All bonds issued by this village are tax exempt.
C H A R L O T T E . — R . M . S chwartz , C le r k .
This village is in Monroe County.
Sewer bonds, 4 ^ 8 ........ .....$15,000 I Assessed valuation per’l. $80,600
Total valuation 189H— ..760,100
W ater B onds—
4ifiS, Ann., $25,000.................. 1928 Assessment about *2 aotual value.
E lectric -L ight B onds—
|City tax (per M) 1898.......$8,533
4^28, Ann., $10,000............... 1923 1Population in 1890 w a«........... 930
1,305
Bonded debt Aug. 1, ’ 98 ..$50,000 Population in 1898 (est.)
Assessed valuation, real. 679,500 |
^ t ttTn r-Nm T~~. r-> 5 ROBERT H. MARVIN, Clerk.
U r l L o 1 xL -tt I c . w . KERNER, Treasurer.
This village is in Orange County.
LOANSWhen Due. Tax valuation, personal.$158,450
Total valuation 1896....... 482,275
W ater Works—
4s. J&D, $53,000........Dec. 1,1917 Assessment about hi actual value.
Total debt Mar. 1,1898....$53,000 Population 1890 w as..............1,485
Tax valuation, real........... 323,825 Population 1 8 9 8 ..................... 1,250
INTEREST on the bonds is payable at the Chester National Bank.

P O R T TTQTC'TT T __ 5THOMAS E. DORNET,Mayor.

O U C L /J L O fV lL L .
(A . C. KILMER, Village Treasurer.
This village is in Schoharie County.
Village has no sinking fund.
When Due.
LOANSSew er BondsTax valuation 1897___$1,373,975
48, F&A, $15,500........... Feb., 1899
Assessment is 23 actual value.
($2,000 due yearly) to Feb. 1,1906 State & Co. tax (per $1,000).$2-80
City and school ta x............. $7-43
Water Works —
3*88, F&A. $57,000...Feb. 1,1899 Population in 1890 w a s ....... 1,822
(Part due yearly) to Feb. 1,1917 Population in 1898 (est.)....... 2,500
Total debt Feb. 1,1898....$72,500
INTEREST on sewer bonds is payable at First Nat. Bank, Cobleskill
on the water bonds at the office of the State Comptroller, Albany.




CO H O ES

C O L U M B IA

C O . — G e o r g e H . M a c y , Treasurer.

County seat is Hudson.
LOANS—
WhenDue.
R efunding B onds—
4 &313S, Mar.l, $21,000.1899-1901
($7,000 due yearly on Mar. 1.)
4&3i2S, Mar.l,$6,000.Mar. 1,1902
3^8, Mar. 1, $35,000.... 1903-1909
($5,000 due yearly on Mar. 1.)
3^8, Mar. 1, $12,500.M ar.l,’ 10-’ l l
3^28, Mar.l, 20,000.Mar. 1,1912-3
3*28, Mar.l, 24,100.Mar. 1,1914-8

A rmory B onds48, M&S. $20,000..........1903-1909
($3,000 yearly to Mar. 1,1908)
Int. payable at County Treasury.
Bonded debt Mar.l,1898.$138,000
Tax valuation, real__ $22,382,765
Tax valuation,personal 3,267,-035
Total valuation 1897.. 25,649,800
Assessment is 4-5 actual value.
Population in 1892 was.......45,205

C O R N I N G . — F. S . S w a in , Oity Clerk.
This town, including the city of the same name, is in Steuben County
LOANS—
When Due. 4s, J&J. $35,000............ 1936-1939
($10,000 annually 1936-1938 and
City B ridge B onds—
$5,000 1939.)
4s, F&A, $8,500...Feb., 1898-1908
School B onds 1895—
(Part due yearly.)
4s, M&S, $26,000.Mar. 1, ’18 to ’ 30
C ity KR B onds—
($2,000 due yearly.)
7s, J&J, $34,000.......... Jan., 1902
4s, M&S, $500............Mar. 1, 1931
City H all B ondsTot.
city debt Jan. 1 ,’98. $259,000
48, $3,000.....................Oct. 1,1902
34,000
4s, 25,000.....................Oct. 1, 1903 Sinking funds..................
Tot.
valuation
of city ’97.3,433,865
($5,000 due yearly) to Oct. 1,1907
Population, city, 1890......... 10,118
City Sewer B onds—
7s, J&J, $50,000. .Jan., 1908 to ’ 17 Population, city, 1897 (est.).12,000
Population, town, 1893 (est.) 12,000
R iver Bonds 1896—
4s, J&J, $100,000.J u ly l,’ 26to ’35
($10,000 due yearly.)
INTEREST is paid at the office of the Knickerbocker Trust Com.
pany, New York City.
C O R T L A N D V I L L E . - S H. H: ^ D N E Y ,^D ’ wn cle rk ,
This town, Including Cortland village, is in Cortland County.
LOANS- .
When Due. Town debt Mar. 1,1898.$155,000
Town sinking fund........
7,000
TOWN D E B T Village debtMar. 1,1898. 106,776
REFUNDING B onus—
3*28, .......$47,000..........1898-1918 Tax valuation, real........ 5,132,175
(Part annually.)
Tax valuation, personal.. 852,795
4s, .„.,$ 1 0 8 ,0 0 0 ...
.1898-1915 Total valuation, 1897.... 5,984,970
(Part annually)
Total tax (per $1,000) ’97. $6T0
Population of T’n 1892 was 11,733
VILLAGE DEBT—
Nor. School 4s .$14,000
........ Population of T’n 1890 was 11,451
Union 8ch’13%s. 20,000
1902 Population 1894 (est.) was 12,000
Sewer bonds, 4s. 58,000 10-20yrs Population of Vil. 1890 was 8,590
Paving bonds 4s, 14,776
.........

D E L H I . — J a m e s R. H

oneyw ell

This town is in Delaware County.
LOANS —
, When Due.
N. Y. & Oswego Midl ’ d RR.—
3^28, Ann., $40,000........1899-1908
($4,000 due yearly on May 1.)
3128, Ann., $30,000............1910-14
($6,000 due yearly on May 1.)
3*28, Ann., $102,000..May 1,1915
Interest is payable at Albany.
3^28,A n n .,$1,000 ...F eb. 1,1899
3^8, Ann., $20,000..Feb. 1,1900-9
($2,000 due yearly.)

,

Supervisor.

Water L oan48, M&N, $60,000............................
Total debt Mar. 1,1898. $258,000
Assessed val’n, real___$1,098,595
Assessed val’n, pers’l . . .
211,529
Total valuation 1897... 1,310,124
Assessment about ^ actual value.
Total tax (per $1,000) ’97...$18,45
Population in 1892 was.........2,793
Population in 1890 w as......... 2,908
Population in 1880 w as.........2,943»

T A X FREE. —The bonds are exempt from taxation,

D E P E W . — P. E . S c u l l y , Clerk.
This village is in Erie County.
LOANS—
When Due. 1 Net debt Jan. 1 ,1 8 9 8 .........$83,200
4s, M&S, $80,000.......1902 to 1921 Assessed valuation ’97. 1,850,850
($4,000 annually.)
|Population 1898...................... 2,860

46

STATE AND CITY SUfflETVTENT

• pvT TA jr/' T p y

x j u in

r s .in .jr v .—

5 ALEXANDER WILLIAMS, Mayor.

2w.

c. Ba u m g a r t n e r , cierk.

This city is in Chatauqua County.

Vol. L X V II

S kwer Bonds —(Con.)
LO A N S—
When Due.
Sewer Bonds—(Con.)
3*28, F&A. $5,000..........1898-1904
($500 yearly on Aug. 1, except
4s, M&N, $120,000 .. ..1898-1909
in 1898,1901 & 1904, when $l,0u0
($10.000 yearly on Nov. 1.)
mature.)
4s, M&N, $12.000 ........ 1898-1909
Bonded debt Jan. 1 ,1898.$929,00O
($1,000 yearly on Nov. 1.)

LO A N S — Amt. Outstand'g. I
LO A N S—
Amt. Outstand’g.
School bonds..................... $68,000 |Cash on hand............. .
$18,783
Electric-light b o n d s ......
1,000 Total valuation 1897___3,444,894
Steam road roller bonds.
1,100 |Assessment same as actual value.
Street improvem’ t bonds.
76,137 I City tax (per $1,000) ’97.....$9‘90 F L A T L A N D S . —This town was annexed to the city of Brook2,000 Population in 1890 was...... 9,416 lyn on January 1,1896.
Town bonds....................
Water bonds..................... 130,600 Population in 1880 was...... 7,248
Police B onds—
LO AN S—
When Due.
Bonded debt Feb. 1 ,’ 9 8 .. 278,837 Population 1896 (local est.).12,500
5s, M&N. $l 5 .3 0 0 ....May 2 9 ,190»
Street and Grading Bonds—
6s, M&N, $16,642........ May ’98-’99 Bonded debt Jan. 1, ’98...,$62,1696s, J&D, 16.726........ Dec. ’98-’99
17 T tv/ tt i p A
5 FREDERICK COLLIN, Mayor.
5s, M&N, 13,500......... 1898-1900
J L L l V i i n A . — I THOMAS SPENCE, City Clerk.
($4,500 yearly on Mar. 20.)
Elmira is the capital of Chemung County.
P
a
rk
B
onds
(E
ld
.
P
k
.)—
LO ANSWhen Due.
F L U S H I N G . —The town and village o f Flushing, in Queens
B ridge B onds3s, r, M&S, $3,500 b.Sept. 1, ’ 99
County, have been annexed to New York City, under the Charter
P avement B onds3138, r, A&O, $90,000 g.
operative
Jan. 1,1898. The financial statement for the old village is
Oct. 1,1922-3-4 3138, r, M&S,$20,000 g.Nov.15, ’28
3is8,r, M&N, 20,000g.Nov. 15. ’29 given first, and following it the to « a report.
($30,000 yearly.
Street Bonds—(Con.)—
3138, r, A&O, $25,000g .Oct. 1 ,’25 4148, M&S, 20,000 Sept. 1,1931
L O A N S—
When Due.
4s....... . $50.000............. 1900-1921
Cemetery B onds4s,
M&S, 3.000..Sept. 1, )932 _ A ssessment B onds—
Water B ondsM&N, 27.00 '..N ov- 1, 1932 5s, ann., $22,500..........Part yearly
48, ........ , $6,000............1899-1902 4s,
78, A&O, $125,000.................. 190»
redemption BondsR efunding Bonds—1892-3-4—
($1,500 yearly.)
4s............ $2,000 ..................... 1903 3128,
. . . . . . $235,000.. .1912-’ 21 4s, A&O, $10,000. April, $500 y’rly 5s, A&O, 23,000.................... 1909
4 s ,........ 15,000.. .$10,000 yearly 5s, A&O, 20,000.................... 1914
School BondsCity H all B onds—
22,000..........18°8-I919
313s, r, A&O, $5,000 g ..Oct. 1, ’25 48, r, M&N, $10,000. July 1. T902 4s, A&O, 15,000........... 1898-1912 4 s , . . . . ,
($1,000 due yearly on April 1.) 4s, J&D, 35.00 *..........1898-1932
3 I3B, r, A&O, 60,000 g.Oct. 1, ’ 26-7 4s, r, M&N, 20,000. July 1,1903
Street B onds—
($1,000 annually)
313s. r, A&O, 10,000 g.Oct. 1,1928 4s, r, M&N, 28,500 July 1,1904
48, M&N, $12,000.......Nov. 1,1898 Bonded debt Jan. 1 ,’9 s ..$514,565
414s, M&S, 5.000..Sept. 1,1929 4s, r, M&N, 30,000a.,
Aug. 1,1907-8-9 ($4,000 due yearly) to Nov. 1,1900 Ta x valuation 1896......... 3,217,285
4*48, M&e 30,000 . Sept. 1, 1930
($10,000 yearly.)
4148, M&S, 10,000..Sept. 1, 1931
4s, M&N, $36,000.......Nov. 1, 1901 Assessm’t is about *3,actual value.
F ire D epartment4s, c , ........ , $ 1 6 ,5 0 0 ............1911
($4,* 00 due y’rly) to Nov. 1,1909 Population in 1890 was___ 8,463
3138, J&J,$12,000. Jan. 1,1910 3s, r, J&J,
10,000 g.July J, ’99 4s. M&N, $32,000.......May 1,1910 Population in 1897 (est.)__ 10,000
F unding D ebt B onds3*2S,r, M&N,
2,00'*a.May 1,’ U ($4,000 due yearly) to May 1,1917
Interest is payable on school
48, ........ , $ 6 ,00 0............ 1899-1904 4s, r, M&N, 20,000g.M»y 1, ’ 10 4s, M&N, $ 2 ,0 0 0 ......May 1,1918 bonds at Market & Fulton Bank.N.
($1,000 yearly.)
4s, r, M&N, 20.000g.May 1. ’ l l 4s, A&O, $ 120.000....Oct. 1, 1919 Y.; on other bonds at Seventh Nat.
4s............... . $21,000...............1905 4s,
M&N,
4.000 May !, ’01 ($4,000 due yearly) to Oct. 1,1948 Bank, N. Y.
4s, M&N,
8,000 a Nov. 1,’98-05 4s,
M&N,
5.500 May 1, ’02
T O W N O F F L U S H IN G .
($1,000 yearly.)
M&N,
4s,
8.000 May 1, ’06
Assessed val’n 1897. ..$12,425,275
LO ANS4s,
M&N, $14,000a.Nov. 1.1906 4s,
M&N, 12.000 May 1, ’08
Bridge
b
on
d
s......................$19,500
Tax rate (per $1,000).......... $16-00
3 *28,r, M&N, 9,000 a ,Nov. 15’98-06 4s,
M&N, 21.000 May 1, ’09
Improvement
bond
s.........
110,000
Population
in 1892 was___ 20,810
($1,000 yearly.)
M&V,
4s,
8.500 May 1, ’ 10
Drainage bonds................. 6,500 Population in 1890 was....... 19,803
3iss,r, M&N, $20,000 a.Nov. 15.’07
Sew er Bonds—
4s,
M&N, 10,OOOaNov.l’98-07 4148, 0, F&A, $9.000*. Aug. 1, ’99 Bonded debt Jan. 1, 1898.136,OuO Population in 1880 was....... 15,906
($1,000 due yearly.)
3s, r, M&S, lO.OOOa.Sept.l, ’ 99
4s,
M&N, $8,000..Nov. 1, 1908 3s, r, M&S, 20,000a.8ept.l,’00 FLUSHING- SCHOOL D IS T R IC T N o. 5.
313s , . . , 11,000........N ov .,’w6-’08 3s, r. M&S, 20.000a.Sept.l, ’01
district was located in the village of Flushing, and is now part
3138, . .., 18.000..___Nov. 1,1909 3s, r, M&S,
10,000a.Sept.l.’ 02 ofThis
New York City.
3*88. ..., 2 9 ,0 0 0 ...:..Oct. 1, 1933
LOANS—
When Due. 7s, A&O, $1 9,0 00 a ..
1898-1906
a $1,000 each, b $500 each, f A single bond for $4,000. g $5,000 4s, F&A, $93,500......1907 to 1925 ($2,000 payable y’rly on Sept. 30.)
($5,000 annually to 1924 inc. and 4s, M&S. $10,000....Sept. 30, 1930
each, c Coupon r Registered.
$3,500 in 1925.)
(part due y’rly) to Sept. 30,1934
The only provision for paying the city’ s indebtedness as it matures
is direct taxation, excepting the cemetery bonds, which are paid from 4s, M&S, $1,000......Sept. 30,1907 Bonded debt Jan. 1, ’98.. $167,500
4s, M&S, 44,000......Sept. 30,1908 Assessed valuation ’97..6,500,* 00
cemetery funds.
($2,000 yearly to Sept. 30, 1929 ) Population 1898 (est.)___..12,000
T O T A L D EBT . —The subjoined statement shows Elmira’s total
(For other Flushing School Districts see “ Additional Statements,’’
bonded debt on the dates indicated:
end of New York State.)
Feb. 1, ’98. Feb. 1, ’97. F e6.3,’96. Fe6.4,’ 95.
$971,000
$877,000
$606,500 TrTD XT-pi/""VM T a
Total bonded debt___$1,026,000
5 GEO. TATE, Mayor.
r n E i U U l M A . — ) H. L. CUMMING, Treasurer.
A S S E S S E D V A LU A T IO N . —Assessed valuation is about two-thirds
This village is in Chautauqua County.
actual value.
LO ANS—
When Due. Total debt Feb. 1,1 89 8 .. $117,500
W ater Bonds (1884)—
Real
Tax valuation, real........ 1,254,310
Personal
City Tax
Tears.
Estate.
Property.
Total.
per $1,000 4s, F&A, $60,000.......Aug. 1 , 1SS9 Tax valuation, personal 270,000
($2,500 due y’rly) to Aug. 1,1922 Total valuation 1897___1,524,310
1897....................$15,515,855
$1,818,690
$17,334,545 . $16-98
1896.................... 15,275,945
4s, M&S, $20.000...... Sept. 1, 1930 Assessment abt. 80% actual value.
1,684,470
16,690,415
17 0 0
1 8 9 5 ................. 14,894,645
V illage H all B onds—
, Total tax (per $1,000) ’97..$34-001,545,892
16,440,537
17-18
1890.................... 12,258,494
3*28, A&O, $27,000... part yearly j Population 1890 w as.l.......... 3,400
1,116,200
13,374,694
14-15
S
chool
B
onds
—
1880.................... 9,959,975
'
Population 1898 (estimated).4,100
511,300
10,471,275
13-15
3*28, Oct., $8,000.....
POPULATION.—In 1892 population was 29,911; in 1890 it was
$1,000 yearly Oct. 15
29,708 ; in 1880 it was 20,541. In 1898, estimated, 42,000.
IN T E R E S T on the water and hall bonds is payable in N. Y. City
and on the school bonds at the Comptroller’s office, Albany.
JNO. W. NEFF, Auditor.
E R I E C O U N T Y .— WADSWORTH
J. ZITTEL, Treas.
G E N E S E O . — W. W. K i l l i p , Treasurer.
County seat is Buffalo.
This village is in Livingston County.
LO ANS—
When Due.
LO
A
N
S
—
When Due
County BondsLO ANS—
When Due. Net debt Mar. 1 ,1 8 9 8 .... $70,000
County Bonds—(Con.)
78, J&J, $300,000.......... 1899-1907 4s, F&A, $30,000.......1892 to 1912
Sew er B onds—
Tax valuation, real........ 1,079,743
7s, J&J, 1 0,000...........1907-1910
3*28, J & J , $10,000... Julv 1,1900 Tax valuation, pei-sonal.1,139,102
($10,000 every iifth year.)
6s, M&N, 100,000.......... 1911 1914 Total debt Aug. 1,1898..$63»,000 3*28, J & J , 10,000...July 1,1910 Total valuation 1896___ 2,213,845
4s, M&N, 21,000....... 1899-1904 Assess’d val’n, real .272,195,954
Water B onds—
Assesment about *B actual value.
($6,000 yearly on July 1.)
Assessed val’n, pers’l. 19,162,997 3*28, M&N, $20,000...May 1,1907 Total tax (per $1,000).........$10-32
4 b, J&J, $18,000............ 1899-1901 Total valuation 1897. 291,358,951 3*28, M&N, 25,000.. .May 1,1917 Population 1897 (e s t .)......23,000($6,000 yearly on July 1.)
State & Co. tax (perM.)’9 8 ...$4-76 Total debt Mar. 1, 1898...$90,000 Population 1890 was..............2,286
4s, M&N, $70,000...........1900-1907 Population in 1892 w a s ...278,727 Sinking fund....................
20,000 Population 1880 was..............1,925
($7,000 yearly on Nov. 1.)
Population in 1890 w a s ...322,981
Accrued interest on sinking fund not included in above figures.
Population ’85 (police cen.)403,026
IN T E R E S T on the sewer bonds is payable in Schenectady; on thewater bonds in New York City.

FAR ROCK A W A Y .

Formerly a, village in Queens County, but now part of the Borouel
of Queens, New York City.
°
LO ANSWhen Due.
Sew er B ondsF ire Engine B onds58, J&J, $75,000........ Jan. 1, 19H
68, Sept., $1,000........Sept. 5,1898 5s, J&J, 35,000..___Jan. 1 , 191'
I mprovement Bonds3 % , J&J, 50,000.......... 1901-1921
58, J&J, $61,000........ Jan. 1,1922
($2,000 yearly on Jan. l .)
5s, J&J, $24,000........ 1898 to 1921
V illage H all B onds- ■
($1,000 annually.)
6s, Sept., $3,000....... Sept. 5,1891
5s, J&D, $14,000.......1898 to 1911 Bonded debt Jan. 1, ’98..$313,001
($1,000 annually.)
Assessed valuation ’97..3,169,221
4s, J&J, $15,000........ 1902 to 1916 Assessment about ig actual value
($1,000 annually on Jan. 1.)
Village tax rate (p. $1,000) .$10-0<
4 s , ----, $20,000......... 1898 to 1817 Population in 1890 was___ 2,28i
4 s , ----, 15,000......... June 1,1918 Population in 1897 (est.). . . . 3,20<
INTEREST on the sewer bonds (except the $50,000 due 1901-192'
is payable at the United States Mortgage & Trust Companv. New Yor'
and on street bonds (and $50,000’ sewer) at the National Shoe
Leather Bank, New York, and on fire engine and Village Hall hom
at Far Rockaway.

FLATBUSH

.—Flatbush was annexed to the city of Brooklyn
in 1894 and is now part of the Greater New York.
* LOANSWhen Due.
Sew er Bonds—
School B onds3*28, J&J, $130,000.......1899-191
68, Mar., $7,000........... .1898-1904
($10,000 yearly on July 15.)
($1,000 yearly on Mar. 10.)
3828, J&J, $75,000........ 1912-192;
A ssessment B onds—
(Part yearly on July 15.)
3*ss, M&N, $50,000.......1900-1909 4s, J&J, $¿70,000......... 1899-192:
($5,000 yearly on Nov. 1.)
($9,000 yearly on July 15.)
4s, M&N, $200,000....... 1900-1909 3*28, M&N, $60,000.......1898-190!
($20,000 yearly on Nov. 1.)
($5,000 yearly on Nov. 1.)




r T 7 *a j q p a T T C
J C. R. WHIPPLE, President.
L r i-iJ IilN O JT A L L O . — iJA S. S. JACKSON, Treasurer
This village is in Warren Countv.
LO A N S —
When Due. Interest payable in Glens Falls.
Sewer B onds—
Bonded debt Moh.1,1898 $345,000
3*28. Sept., $167,000........ 20 years Tax valuation, real....... 4,064,420
(Part due yearly) alter 15 years Tax valuation, personal. 1,593,150
Water B onds—
Total valuation 1897___5,657,570
5s, M&S, $5 ,00 0 ....
1899 Assess, valuat’n abt.s5 actual value
4s, J&J, 86,000.. | ¿ 8 9 9 * » ^ Total tax (per $1,000) (est).$24-00
Population in 1890 was ... 9,509
48,M4S, 80,000.. j ¿ 9 0 0 * » 1 9 1 4 Population in 1898.............. 12,243

G L E N S F A L L S U N IO N F E E E SCH O O L D IS T .—
LO A N S —
When Due. I Bonded debt Feb. 15,’98, $45,0005 s , .......$40,000..........1899 to 1906 Assessed val’n ’ 97 (est.).5,500,000
($3,000 annually on Deo. 1.)
1 Population 1897 (est.)........ 14,000
m
D V F T R CiVT'TT T TT
$C. S. CUMMINGS, Mayor..
U L ,U v
V l l _ ,l_ ,r b .— } o . L. EVEREST, Chamberlain.
Gloversville, which is situated in Fulton County, was incorporated"
a city March 19,1890, having theretofore formed part of the town o f
Johnstown. On the separation the city was assigned a portion o f
Johnstown’s debt. (See Johnstown.)
LO A N S —
When Due.
Local I mp . B onds—(Con.) D eficiency B onds—
3*28...........$5,000........ May 1,19064s, M&N, $28,000........ May 1,1922 4 *2 8 , ........ 3.600___ 1899-1903
L ocal I mp. BondsR ailroad B onds—
4128, Feb. 1. $10,200. Feb. 1, ’99-’00 4s, A&O, $14,000 ......Apr. 1,1915
$5,100 due yearly.
3*28, A&O, 2 2 ,0 0 0 .....Apr. 1,1911
4*28, Feb. 1. $4,300..Feb. 1, ’99-’01 3*28,A&O, 2 3 ,0 0 0 ....Apr. 1, 1913
4*28, Feb. 1 , 11,200..Feb. 1, ’99-’02 3*28, F&A, 2 7 .0 0 0 ....Feb. 1,1917"
$2,800 due yearly.

October, 1898,

47

ES

Water Loan68, Sept. 1, $23,000...Sept. 1,1902
6s, Sept. 1, 23,000...Sept. 1,1907
5s, Jan. 1, 17,500...Jan. 1,1910
3s, F&A,
55,000..Aug. 1, 1909
, 3hss, A&O, 50,000... Apr. 1, 1915
INTEREST on the water bonds issued in 1885 and 1889 and on the
school bonds is payable at the Fulton County Nationaj Bank of Gloversville ; on all other issues at the Fourth National Bank, New York.
T O T A L DEBT, ETC.—The city’ s total debt on Feb. 1, 1898 was
$356,200. Water debt (included) $180,500. The city has no sinking fund.
W A T E R W O R K S. —Net earnings from water works for year ending
February 1,1897, were $15,862.
When Due.
-O AN S—
School Bonds—
4s, Oct. 1, $13,000...Oct. 1. ’98-’00
3*28,........ 18,000........ 1899-1904
$3,000 due annually.

ASSESSED VALUATION was formerly hi actual value, but in 1897
was greatly increased.

,----------------- Assessed valuation------------------ , Tax rale
Years.
Real.
Personal.
Total.
per $1,000.
1897.................$5,429,663
$748,500
$6,178,163
20-60
341,950
4,362,089
31-40
1896............... 4,020,139
1895............... 3,933,335
446,000
4,379,335
31-20
1890....................................
............
3,649,232
......
State and county tax rate in 1897 was $6*20; city tax proper, $8-10;
average school tax, $6-30; total, $20-60.
POPULATION* according to State census of 1892, was 14,694
The population in 1890 was 13,845; in 1880 it was 7,133; in 1870 i
was 4,518. According to local estimate population in 1897 was 18,500

G O U V E R N E U R — W

il l ia m

N eary,

Clerk.

This village is in St. Lawrence County.
LOANS—
When Due. Equal’d valuation 1896.$!,631,720
Assess’t abt. 70 p. c. actual value.
W ater L oans :
3*28, J & J , $60,0 0 0 ....
1910 Tax rate (per $1,000)............. $4-20
Population in 1890 was..........3,500
Interest is payable in New York.
$2,000 Population 1897 (est.)............4,500
Floating debt..................
Total debt Feb., 1 8 9 7 ....
62,000

INTEREST on the road bonds due 1897 to 1901 is payable at the
Freeport Bank and on those due in 1923 at the First National Bank of
Hempstead; other interest at the office of the Town Supervisor,
T O W N P R O P E R T Y . — Tn addition to the Stewart fund ($400,000)
derived from the sale of common lands to the late A. T. Stewart, the
town owns Long Beach and some thousands of acres of meadow land.

u x - , T->1v- T-lv/rT-*T->

5DR. F. J. HA.RTER, President.

H E R K i M L n . — ( c h a s . r . h e l m e r , clerk.

This village is in Herkimer County.
W ater Works —
LOANS—
When Due
3*28, July 1, $50,000. June25,1908
E lectric-Light P lant1911 S^s, July 1, 7,000.Mar. 7,1904
48, June, $14,000___
Total debt Aug. 1897.......$126,500
Sewer B onds 5s,
$25,000
Aug. 1,1903 Assessed valuat’n 1897.3,418,487
3^28,.... 30,500
Aug. 1,1913 Assessm’t is at actual value.
Tax rate (per $1,000) 1897.. $7-71
. Population in 1897................ 4,907
INTEREST on the electric-light bonds is payable in New York City;
on the water bonds at the State Capital, Albany, N. Y,

H O O S IC K F A L L S ,

JOHN C. HASWELL, Treas.
WM. F. LEONARD, Clerk.

This village is in Rensselaer Coui
LOANS—
When Due.
Sewer Bonds (reg.)—
4s, J&J, $37,500........ July 1, 1899
($2,500 due yearly) to July 1,1911
Floating debt..................
$2,840
Total debt Feb. 1 ,1 89 8 ..
42,840
Tax valuation, real........ 1,667,354
INTE R EST is payable at the Fir

Tax valuation, personal. $455,650
Total valuation 1897... 2,123,004
Assessment 75% of actual value.
Village tax rate (per M.),’97 $10T0
Population in 1890 was.........7,014
Population in 1880 was.........4,530
Population in 1898 (est.)____ 5,046
it National Bank of Hoosick Falls.

H O R N E L L S V I L L E . — S i d n e y Ossoski,C. C’k.

This city is in Steuben County.
Bonded debt May 23,’98. $182,874
LOANS—
When Due
Assessed valuation, real.3,987,750
Sewer konds—
G R A V E S E N D . —Gravesend was annexed to the city o 4s, M&N, $100,000 ...... 1917-1926 Assessed valuation, p e r ! 416,353
Total valuation 1897
4,404,10 3
i$10,000 yearly on May 29.)
Brooklyn in 1894, and is now included in the Greater New York. The
Assessment about actual ^alue.
P ark B onds—
debt Jan. 1, 1898, was $1,404,296, not including $148,000 of local im­
Tax
rate
(per
$1,000)
1893.$26-22
1,1911
48,
an.,
$50,000..........July
provement bonds in litigation.
Population in 1890 w as__ 10,996
P aving B ondsSewer B qnds—(Con.)—
LOANSWhen Due.
5s, J&J, 40,000............ 1923-1931 68, ........ . $9.374........... 1898-1900 Population in 1898 (est.)... 13,000
S ewer Bonds($3,000
yearly
on
Nov.
20.)
($5,000 yearly on July 2.)
58, J&J, $236,000... .May 20,1906
6 s ,.......... $9,500 ...........1899-1903
4hss, J&J, 66,000......... 1918-1927 I Improvement bonds —
($2,000 yearly)
1
5s, J&J, $330,000.......July 1,1933
($6,600 yearly on Jan. 2.)
3-65S, J&J, $20,000...... 1918-1927 5s, J&J, 127,000.......Jan. 1, 1934
5 ALEX. R. BENSON, Treasurer.
5s, J&J, 148,000.... ‘ July 1,1934 o T T r v c r w T
($2,000 yearly on Oct. 4.)
rlU D oC J JN . — )W M. S. HALLENBECK, Clerk.
School Bonds—
3*ss, J&J, $83,000....... 1919-1928
The city of Hudson was incorporated in 1785. It is the County seat
I 6s, Jan., $ 28,000........... 1898-1904
(Part yearly on July 2.)
of Columbia County.
($4,000 yearly on Jan. 6.)
5s, J&J, $60,000............1921-1930
6s, Sept., $8,500............. 1898-1903
($6,000 yearly on July 2 )
Street I mp . B onds—(Con.)—
LOANS—
When Due.
(Part
yearly
on
Sept.
15.)
5s, J&J, $30,000 ...........1922-1931
4s, $19,000.......... Feb. 1, 1914-’23
Cemetery B onds—
New U trecht and Gravesend 4s, $20,000 ........ Feb. 1 , 1905-’ 14 4s, 25,000.......... Mar. 1, 1915-’ 27
($3,000 yearly on July 2.)
J oint B onds—
5s, J&J, $70,000 .......... 1923 1932
4s, 10,000........... Feb. 1, 1912-’ 16 3!a8. 6 ,0 0 0 ......... Aug. 1 , 1908-’ 13
5s, J&J, $ 4 .7 9 6 ....Jan. 10, ’98-’ 99
($7,000 yearly on July 2.)
4s. F&A, 15,COO........1914 to 1916
($2,000 yearly).
Bonded
debt Ja n .l,’98..$1,404,296 4s, M&N, $6,000........May 1,1918
5s, J&J, $280,000 ......... 1921-1930
($5,000 annually.)
($28,000 ^early on July 2.)
($2,000 due yearly) to May 1,1920 4s, F&A, $10,000... .Feb., 1917-’ 18
‘ Issue questioned.
5s, J&J. $21,000............ 1922-1931
R efunding W ater B ondsD eficiency B onds—
4s, $30,000........... Apr. 1, ’98-1901 48, F&A, $10,000.... Aug. 22, 1908
W ater B onds—
4s, 10,000................. May 1,1902
G R E E N B U S H . — Greenbusb Is in Rensselaer County.
4s, 25,000........... July 1, 1900-’ 12 4s, $10,000.................................1903
3*28, 20,000........ Aug. 2 2 ,1898-’99
F unding B ondsIn May, 1897, the name of Greenbush was changed to Rensselaer,
Bonded debt Aug. 1, ’98..$324,000
78, $3,000.......... Feb. 10, ’99-1904
which see for present amount of debt.
4,000
Sinking fund.....................
Refunding L oan—
Net
debt A u g .l, 1898....... 320,000
4s, $12,500........ Feb. 10, ’ 99-1904
Ass’d
valuation,
real.......4,019,550
6s,
5,000.........................................
G R E E N E C O U N T Y . — W m . J. H u g h e s , Trens.
Ass’d valuation, pers’al. .1,099,012
School B ondsCounty seat is Oatskill.
Total valuation 1897___ 5,118,562
48, $25,000.Oct. 1 , ’99-1901
LOANS—
When Due. I Total debt Mar. 1,1898 . $175,000 4s, 24,000.F eb. 1 , 1907-’ l l
Assessment about
actual value.
War L oan—
Tax valuation, real..-. ..11,995,070 S^s, 6,000.Aug. 1 , 1905-’06
Tax rate (per M.) 1897....... $24-50
3hss, M&S, $20,OOO.Mar. 1,1899 I Tax valuation, personal 2,122,067
Population 1890.........
9,970
Street I mprovement B onds3i«s, M&S,
20,OOO.Mar. 1,1900 Tax valuation 1 8 9 7 .... 14,117,137 48, $ 2 5 ,0 0 0 ........ Feb. 1 , 1904-’08 Population 1898 (est.).........10,000
3hss, M&S,
20,OOO.Mar. 1,1901 |Tax rate per ($1,000) ’97...... $8"84 4s, F&A, 25,000...Feb. 1,1909 ’ 13
3hss, M&S, 115,OOO.Mar. 1,1902 1Population in 1892 w a s .....31,141
($5,000 due yearly).
Interest payable at Co’y Treasury. I Population in 1890 was.......31,598
INTEREST is payable in Hudson at the office of the City Treasurer.

H A M D E N .— W

il l ia m

B ryce,

Supervisor.

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

H A N C O C K ..— J a m e s B . D

rake

,

Supervisor.

This town is in Delaware County.
LOANSWhen Due. Tax valuation, real.......$1,132,964
Tax valuation, personal.
86,100
B ridge B onds (1891)
4s, Mar., $8 ,00 0 .... Mar. 1,1899 Assessed valuat’n 1897.-1,219,064
($2,000 due yearly) to Mar. 1,1902 Equalized valuation.......1,042,268
Total tax per $1,000 ’97.
16-69
R efunding RR.B onds :
4s, M&8, $53,000___
Various. Population in 1897 (est.).......5,000
Bonded debt Mar. 1, ’ 98. $63,000 Population in 1890 was.........4,745
TA X FREE.—The refunding bonds are exempt from taxation.
INTEREST on the railroad bonds is payable at the Farmers’ Loan
& Trust Company, New York City; on the bridge bonds at the Delaware
County Bank, Walton, N. Y.

C. S. JEPSON, Treasurer.
GEO. O. RASBACH, Clerk.
This village is in Herkimer County.
LOANS—
When Due. Bonded debt Dec. 6 ,’ 96.. $144,000
Tax valuation 1896......... 1,373,085
W ater B onds—
Is, J&J, $95,000........ J u ly l, 1922 Real valuation................. 2,746,170
24 80
Subject to call after July 1, 1912 Tax rate ( per $1,000) ’ 96.
Population in 1890 was........ 4,057
Sewer B onds—
.., - . .., $49,000............................. Population in 1896 (est.).......5,000

I L I O N .—

I T H A C A . — This city is in Tompkins County.
LOANS—
When Due. Assessed val’ation, real.$5,861,645
B ridge B ondsAssessed val’ation.per’l 1,097,930
48, . . . . . $20,000........1916 to 1926 Total valuation 1897.. 6,959,575
i$2,000 due yearly).
Assessment about 23 actual value.
Sewer B ondsTotal tax rate (p.$l,000)’97. $7-70
48, g, J& J,$150,000.Julyl,’06to’26 Population in 1892 was. ..„.13,460
($7,500 due yearly.)
Population in 1890 w as.......11,079
R ailroad A id —
For School District debt see Addi­
7 s ,....... $40,311......... 1898 & 1900
tional Statements end N.Y.State.

I A 7VTTTCl'TT'iYX7”NJ
(H EN R Y F. COOPER, Mayor.
J A J Y L E o I C_) W N .— ( JOHN B. SHAW, Treasurer.
This city is in Chautauqua County.
LOANS—
When Due.
L O A N S—
When Due.
City H all B onds—
5 s ,........ , $17,000.... 1899 to 1902
4s, M&N, $65,000... .M a yl5 ,1925
($5,000 yearly.)
E lectric L ight B onds—
Sew er B onds—
H E M P S T E A D . — Hempstead is in Queens County and the
J&D, $30.000....... June 1,1901 3has, M&S, $50,000...Mar. 1,1923
town included Far Rockaway, Hempstead, Inwood, Lawrence, Rocka- 4s,
4s,
JAD,
32,000.......
Deo.
1,1903
4s,
J&D, 111,0 0 0 ....D ec. 1,1923
way Beach and Seaford viUages. On Jan. 1,1898, that portion of ttie
D epartment B onds—
4 s , .......,
5 0 ,0 0 0 ....May 1, 1917
town lying “ westerly of a straight line drawn from the southeasterly 4s,F ire
J&D,
$7,000..........Dec.
1,1903
4s.........
.
20,000...................1918
point o f the town of Flushing through the middle of the channel be­
P
aving F undR
efunding
Bonds —
tween Rockaway Be ach and Shelter Island, in the county of Queens, to 48, A&O, $13,000........ Oct. 1,1905
5 s ,.......,
$5,000............................
the Atlantic Ocean,” became part of .New York City, under the Greater 4 s ,.......,
3,000........
July
1,1907
S
chool
B
onds
New York Charter.
4s, A&O, 18,000........ Apr. 1,1909 48, J&D, $80,000.......June 1,1915
LOANS—
When Due. Net debt Dec., 1896 .......$115,000
3^8........
6,00J......................1907
Bonded
debt
Aug.
1,1898 $481,900
Ass’d valuation, rea l. .10,241,723
R oad B ondsCertificate F und
Total valuation 1897.. .10,479,345
48. J&J, $40,000.......1898 to 1901 Ass’ d valuation, personal 396,550 5s,P aving
A&O,
$24,000.Apr.
1,
’99-1900
Assessment
about
actual value.
Total valuation 1897...10,638,273
($10,000 due July 1 each year
($12,000 due yearly.)
Total tax per $1,000.......,..$41-23
4s, J&J, $420,000....................1923 State & Co. tax per $1,000.$16 40 5s, A&O,
$10,600.Oct
l
,
’99to
1900
Population
(local
authority)
.26,000
Present population about..30,000
D rawbridge B onds($5,300 yearly.)
Population in 1892 w as___18,627
48, J&J, $10,000...July, ’ 98 to ’ 99 Population in 1892 was___23,991
5
s
,...........
$8,000.............1899-1902
Population
in
1890
was.......16,038
($5,000 due yearly.)
Population in 1890 was___23,756
P n■
n n________
la t .iiv n in 1
8 8 0 w a s ____1 8 . 1 6 4
Payment of the school bonds is provided for by sinking fund.
Total debt Dec., 1896..,.$515,000 ■
RBR
Stewart fund..................... 400,000 1
INTER EST on the Fire Department bonds, on the paving bonds due
(For debts of Hempstead School Districts see “ Additional State­ 1909 and on the $24,000 paving certificates is payable at the Chase Na­
tional
Bank; on all other loans at the Treasurer’ s office in Jamestown.
ments” at end of New York State.)




48

STATE AN® CITY SUfflEMENT,

J O H N S T O W N . — W . W . C r o w e l , C le r k
This is a town in Fulton County. The city of Gloversville was
formed out o f a portion of its domain in 1890 and the city o f Johns­
town was subsequently formed. A part of the town debt described
below was assigned to each city.
LO A N S —
When Due. ! Bonded debt Jan. 1.1897 $39,000
R efunding B onds—
Town’s proportion........
13,500
4s, F&A, $12,000........... 1899-1906
Bonds are tax exempt.
($2,000 due yearly on Feb. 1.)
Town’s assessed valua­
4s, F&A, $9,000............ 1899-1907
tion 1897.. ..................1,045,186
($1,000 due yearly on Feb. 1.)
Assessment about *4 actual value.
4s, F&A, $ 1 0 ,0 0 0 ....Feb. 1,1901 Total tax (per $1.000) ’97...$14-60
4s, F&A,
1,800___Feb. 1, 1899 Population in 1892 was....... 11,132
($200 due yearly) to Feb. 1,1907 Population in 1890 was....... 10,959
4s, F&A, $3,000___Feb. 1, 1908 Population in 1880 was....... 16,626
($500 due yearly) to Feb. 1, 1913 Population in 1897 (est.)___ 20,000
P aving B onds—
5 s ,........ , $9,018............ 1898-1901
T O T A L DEBT. -The town’s total debton March, 1896,was $87.000.
This debt is divided between the cities of Gloversville and Johnstown
and the town o f Johnstown.
INTEREST on the refunding bonds due in 1901 and those due from
1898 to 1907 in Johnstown.
T n H N Q T D W T iJ
5 S’* J* STOLLER, Chamberlain.
J LJÌ11N O i U W i N . — ( W .W . CROUSE, Clerk.
This city is iu Fulton County.
LO A N S —
When Due. Bonded debt Sept. 15,’ 98.$272,600
School B ondsWater debt (included).. i t 5.500
48, J&D, $22,500...June 1 5 ,1«14 Assessed valuation, real.3,231,450
($2.500due y’rly) to June 15,1923 Assessed valuation,per’i.1,022,963
W atek BondsTotal valuation 1898__ 4,257,413
48, .......$50,000.............. 1899 1918 Population in 1898 (est.)...lo,oOO

I N T E R E S T on school bonds payable at the Johnstown Bank.

Vol. LXV 1I

L O A N S—
— Interest.— , -------Principal--------------- v
name AND PU RPO SE.
P.Ct. Payable. When Due.
Outstand'g.
Refunding............................. 4
J & J
Jan. 15, 1912
$25,000
do
............................. 3
J & J
Jan. 15 1914
36,500
«7
V,.......................... 3
J & J
Jan. 15, 1915
31,500
Wallkill Valley R R ............... 7
J & J
Jan. 15, 1901
169,200
Water bonds, 1896.............. 3*2 semi-an. \ ($24^000° yearfy. \ 600,000
^ - » “ - U e f o w ï n S y j I f 0,000
d°
d0 1897............... 4
All the refunding bonds are optional and are now subject to call.
T O T A L DEBT.—The total bonded debton Sept. 1,1897 (not includ­
ing water bonds), was $348,200; no floating debt.
ASSESSED VALUATION in 1897 of real estate was $10,906,875;
personal property, $1,850,900; total $12,757,775; tax rate (per
$1,000), $17-366. Real estate is assessed at “ about 80 per cent
of its actual value.” In 1880 total assessed valuation was $6,577,904.
.P O P U L A T IO N .—The population in 1890 was 21,261; in 1880 it was
18,344; in 1895 it was 21,565.

L A N S I N G B U R G .— F

ran k

H. M

it e r

, Clerk.

Lansingburg is in Rensselaer County.
.— Interest.— ,
LOAN S------------Principal.----------- n
Rate. Payable.
N AM E AND PURPO SE.
When Due.Outstand'g.
Water bonds..................
M & S
1904
$20,000
do
.................. . . . 4
A & O
Oct. 1, 1910
15,000
do
................... . . . 4
M & S
1914
30,000
do
.................. . . . 4
M & S
1924
40,000
do
...................
M & S
1934
60,000
do
...................
M&N
Nov. 1, 1938
25,000
do
...................
J & J
July 1, 1939
10,000
Refunding.....................
M&N
May 1, 1941
15,000
$2,000
on
Apr.
1
>
.„ „ „
Sewer bonds..................
A & O <each y’r until p ’d. s
x G“ -3*5
1904-1912
5
nnA
do
................ 1892. 4
$5,000 yearly. )
45,000
School bonds...................... 4
1899
2,000
do
do ....................... 4
............
24,000
INTEREST on the water bonds due Oct. 1,1910, is payable at the
bank of D. Powers & Sons, Lansingburg; on the sewer bonds, at the
Treasurer’ s office; all other bonds at Nat. Bank of Commerce, New York.
T O T A L DEBT.—The total bonded debt on March 10, 1896 was
$281,333, including water debt of $215,000; floating debt, $9,000;
total debt, $290,333.
e
’
ASSESSED VALUATION in 1897 w as: Real estate, $6,130,620>
personal property, $503,142; total, $6,633,762; tax rate (per$l,000>
$7-35. The assessment is about 80 per cent of actual value. Total
valuation for 1898 is $6,728,294.
POPULATION.—The population in 1892 was 11,048; in 1890it was
10,550; in 1880 it was 7,432; in 1897 it was (estimated) 12,016.

K I N G S C O .— Kings County and the city o f Brooklyn were
consolidated on Jan. 1,1896. [See V. 62, p. 49.] The county now forms
part o f the “ Greater New York.”
LO ANSWhen Due.
LO A N S —
When Due•
B uilding I mprovement—
H all of R ecords—
4s, . . . . $250,000..May l , ’ 1 0 t o ’ l9 4s,
$19,000 ___ .......May 1,1898
($25,000 due yearly.)
4s,
28,000___ .......
“ 1899
County F arm —
4s,
54,000 ... . . . . .
“ 1900
4s, $150,000.............. May 1,1899 4s,
54,000____.......
“ 1901
4s, 175,000...............
» 1903
Par k F ond L oan—
4s, 325,000................
“ 1904 4s........
$60,000... .May 1,1905
4s,
32,000................
“ 1905 4 s , ___ l,950,000.May 1,’06 to’44
“ 1906
4s,
32,000................
($50,000 due yearly.)
400,000.July l , ’33to’40
4s, 119,000...................... B 1907 4 s , .. . .
1 1908
4s,
119,000................
R efunding L oan —
4s,
115,000...............
“ 1909 4s, $ 1 3 2,5 0 0 .... ....M a y 1, 1898
4s, 115,000................
1 2 1 ,0 0 0 .... .......
“ 1910 4s,
L a n s i n g b u r g U n i o n F r e e S c h o o l D is t . N o . 1 .—
“ 1900
4s, 119,000................
“ 1911 4s,
1 2 1 ,0 0 0 .... .......
“ 1901 ,W. J. Shelliday, Treasurer Board o f Education.
fi 1912 4s,
4s, 119,000................
1 1 9 ,0 0 0 ....
“ 1902
LOANS.
When Due. Total debt Feb. 15,1898. $68,000
4s,
119,000...............
“ 1913 4s,
119,000.... .......
“ 1903
31*28, 100,000................
g 1901 4s,
Tax valuation 1897........6,350,855
197,000 . . . . .......
“ 1905 4s, J&D, $2,000........ Deo. 1,1899
3*28, 325,000...............
“ 1902 4s,
197,000____.......
“ 1906 4s, J&D, $30,000 Dec. 1,1900to ’ 14 Assess’t about 9 * p. c. actual value
$2,000 due yearly.
School tax (per $1,000) ’97.. $5*93
100,000.......
312s, 325,000................
B 1903 4s,
“ 1907
312s, 325,000...............
“ 1904 4s,
100,000___ .......
“ 1908 4s, J&D, $34,000.......1915 to 1931 Value of soh. prop’ty ’97. $150,000
($2,000 annually on Dec. 1.)
Population in 1897 (est).
12,500
312s, 325,000...............
“ 1905 4s,
204,000....... ___
“ 1909
312s, 100,000................
“ 1906 4s,
204,000___ .......
U 1910 Int. payable in New York City.
“ 1914 3*28, 121,500___ . . . . .
312s, 100,000...............
“ 1902
3s,
200,000............ i.
“ 1900 312s, 121,500___ .......
“ 1903
D rivew ay & P arkw ay —
3*28, 130,000....... ___
“ 1918 L I B E R T Y . — E. ,R. D u s e n b e r r y , Supervisor.
This town is in Sullivan County.
4s....... $1,500,000. July l , ’0 0 to’ 14 3s,
180,000.......----“ 1915
($100,000 due yearly.)
State T a x L oan LO A N S —
When Due. |Assessed valuat’n, pers’l.$161,3l9 ‘
4s, . . . .
$50,000... .July 1,1915 48, $119,000 .. . ......... May 1,1904
N. Y. & Os. M id . RR.—
Total valuation 1897....... 9*5,497
4 s , . . . . 1,800,000. July 1,’ 16 to’33
Street I mprovements—
4s, J&J, $103,000.............................. Tax rate (per $1,000) 1896 $2-117
($100.000 due yearly.)
4s....... $500,000.. July 1,’ 15 to ’ 19
$5,000 yearly after 1898.
Assess’t about 60 p.c. aetuai value.
Is.......
$250,000. Jan.l,’ 01 to ’05
($100,000 due yearly.)
Bonded debt Aug. 1, ’98. $103,000 Population in 1890 w as........ 3,357
($50,000 due yearly.)
4s........$1,050,000. July 1,’20 to’26 Assessed valuation.......... 824,178 j Population in 1898 (est.) ....4 ,0 0 0
($150,000 due yearly.)
TAX FREE.—All of the bonds issued by this town are tax exempt.
CERTIFICATES OF INDEBTEDNESS.
IN T E R E S T is payable at Sullivan County National Bank, Liberty.
LO ANSWhen Due.
LO A N S
When Due
A rmory —(13th Regiment.)
A rmory —(14th Regiment.)
T T T T Th1 T51 A T T Cl
J TIMOTHY LASEY, Mayor.
$60,000....... ___ May 1,1899 4s, $270,000.May 1,1899 to 1907 Jt -'1
4s,
1 1
r A L L , 0 .i— I f . B. WILCOX, City i reasurer.
“ 1900
10,000....... ___
4s,
($30,000 due yearly.)
This oity is in Herkimer County.
___
“
1901
60,000.......
4s,
4s, $60,000 ................May 1,1908
LO A N S —
When Due. Total debt Feb. 1 ,1 8 9 8 .. $27,000
“ 1902
4s,
1 0 ,0 0 0 ....
County R ecords—
School Bonds—
Water debt (additional).. 337,000
“ 1903 4s,
4s,
60,000....... ___
1,1898
$25,000................ Nov.
31*8, July, $65,000.. July 1,1903 Tax valuation, real......... 4,559,733
“ 1904 4s,
4s,
1 0 ,0 0 0 ....
1,1905
18,000................Nov.
($2,000
due
yearly)
to
July
1,
’
35.
Tax valuation, personal. 629,350
“ 1905 4s,
4s,
6 0,000.... .......
25,000................ Jan.
1,1900
School dist. loau 3*2% .... $17,000 Total valuation 1897__ 5,189,283
4S,
“ 1906 4s,
10.000....... ___
35,000................ Jan.
1,1905
($1,000
due
annually.)
Assessment is at actual value.
4s,
“ 1907 4s,
60,000.... .......
99,000................July
1,1907
Floating debt....................
10,000 Total tax rate (p.$l,000)’ 97 $20-00
“ 1909 4s,
4s,
80,000....... ___
9 ,3 93 ................ Jan.
1,1901
($2,000 due annually.)
Population in 1890 was........ 8,181
RECAPITULATION.
W atek B onds—
Population in 1892 w as........ 8,783
Refunding loan............. $2,367,500 Indexing and re-index­
3*28, J&J.......................
50,000 Population in 1897 (est.)... 11,000
County Farm loan....... 3,339,000
ing County Records.. $211,393
Hall of Records loan...
155,000 Drive and Parkway___ 3,600,000 r
TUfX t3 T 1
) T. N. VAN VALKENBURGH, Clerks
State tax regist’d loan.
119,000 Public Park.................... 2,410,000 L-.L^O .fcV.r'L'Jrt.
1 *— 7J. C. HARRINGTON, Treasurer.
13th Regiment Armory
430,000 Public Bldg, improve’t.
250,000
This city is situated in Niagara County.
14th Regt. Armory site
50,000 Street improvement___ 1,550,000
LOANS—
When Due.
LO A N S —
When due.
14th Regiment Armory
360,000
F ike ,H ighw ay & Lighting Bds
I ntermediate School Bonds—
Meeker A v.B’dge (new)
100,000
Total.......................$14,851,893 4s, M&N, $8,700. May 20,1899
4s, M&N, $10,000 ...N ov. 1, 1916
INTEREST—W HERE PAYABLE.—Coupons are paid by the Merch­ ($1,450 yearly) to May 20,1904. Interest payable at City Treasury.
ants’ National Bank of Brooklyn; registered interest at the office of
R ailroad Bonds—
Bonded debt May 16, ’98.$209,250
the County Treasurer, Brooklyn.
7s, J&J, $30,000.......Jan. 1,1899 Sinking fund....................
35,000
($10,000
due
y’rly)
to
Jan.
1,1901
Net debt May 16,1898... 174,250
T O T A L D EBT , E t c —The subjoined statement shows the total debt
Watek Bonds—
o f Kings County in each o f the years named.
Tax valuation, real........ 6,708,065
M&N, $24,000..Nov. 1,1898 Tax valuation, personal. 752,695
Jan. 1/98. Mar. 26, ’97. Mar. 27, ’96. Feb. 15 '95 3*28,
($2,666 67 yearly) to Nov. 1,1906 Total valuation 1897___ 7,460,760
Total debt...............$14,851,893 $15,103,393 $16,155,893 $7,669,216
4s,
J&J,
$10,000...........1899-1908 State andCo.tax (per $1,000).$7-24
T axoertif’s.(add’t’ al)
............
............
..... . . . .
900.000
($1,000 yearly on Jan. 1)
City tax (per $1,000) ’97....... 15-70
ASSESSED VALUATION.—The assessed valuation and tax rat
Union School B onds—
Population in 1898 (est.) ..19,000
have been as follows in the years indicated:
3^8, M&N,$120,000..Nov. 1, 1902 Population 1890 was.......... 16,038
($10,000 due y’rly) to Nov. 1,1913 Population 1880 w as.......... 13,522
,--------------- Assessed valuation--------------- .
Aver, tax
Years.
Real.
Personal.
Total.
p er $1.000 3*28, M&N, $5,000. .Nov. 1,1914
D istrict School B onds—
18 9 7........... $570,107,742
$33,688,721
$603,796,463
$26-70
4*2S,M&N, $7,750.Nov.l5,’ 98 to’99
1896.............. 555,310,997
27,536,636
582,847,633
$3,875 due yearly.
1894.............. 529,189,337
22,513,985
551,703,322
25-00
1893.............. 513.503,826
19,704,920
533,208,746
27-74
In addition to the above the oity has a debt ot $143,588 18 for
POPULATION in 1892 was 995,276; in 1890 it was 838,547; in 1880 local improvements, which is payable by special assessment. The city
owns $10,000 worth of stock of the Lockport Hydraulic Co
it was 599.495.
t/ t tvj /—
« o ' T ’ /'Y ’M
5 HENRY E. WIEBER, Mayor.
L O N G I S L A N D C I T Y . — This was a city in Queens
I V I IN U b 1 VJ1N .— I GEO. DEYO, Treasurer.
County, but now forms part o f the “ Greater New York.”
This city is the capital of Ulster County.
LO A N S —
When Due. 6s, F&A, $112,500.Feb. 1 ,’ 13-’ 19
LO A N S—
-— Interest.— .
,------------ Principal_________
Newtown Funded D ebt (Part each year.
NAME AND PURPOSE.
Rate. Payable.
When Due.
Outstand'a. 78, F&A, $61,500.Feb. 1,’98-’01 4s, F&A, $16,000.Feb. 1, 1920
Deficiency............................. 3-65 J & J
1899 to 1900$10,000
($20,000 yearly.)
Water L oan (funded)—
Newtown (refunded debt)—
7s, M&8, $130,000.Sept.l,’98-’04
Refunding............ ................. 4 J & J
{ J|i2,oo6Veariy,0 J 24>000 7s, F&A, $64,000.Feb. l , ’08-’ l l
($20,000 yearly.)
do
........ ..................
4
J & J
Jan. 15, 191125,000
($16,000 yearly.)




October, 1898.

*

49

N T E R E S T and principal payable at the Am. Ex. Nat. Bk., N. Y. City
G eneral I mp . Bonds—(Con.)
4128, M&S, $31,500.Sept. 1, 1906
(J. F. DONOVAN. Clerk.
4128. M&S, 50,000.Sept. 1, 1909
M O R R I S . — ( C. W. BINGHAM, Treasurer.
412s, M&S, 22,000.Sept. 1, 1914 M O U N T
412s, M&S, 364,500.1915 to 1921
This town is in Livingston County.
($50,000 due yearly.)
L O A N S—
When Due. Assessed valuation, rea l.l,773,166
4128......... 394.000.........................
Assessed val., personal.. 188.430
R ailroad -A id B onds—
412s , . . . . ,
89,500......................... 7s, A&O, $55,033.....................1901 Total valuation 1897— 1,961,596
5,000.Dec. 31,1907 4*28, Feb., 13,000........... 1899-1911 Assessm’t about 90% actual value.
4128.........
4128,
6,000........................
Tax rate (perM.) 1897..
$10-04
($l,oo0 yearly on Feb. 1.)
Street I mprovem . B onds—
3,761
Bonded debt Dec. 1, ’97...$69,033 Population 1 8 9 0.............
4128, M&N, $51,000. May, 1911
Population
1897
(est.)...
4,000
Sinking fund assets.........
6,000
4128, M&N, 407,500 N o v .l,’ 98-’02 Net
debt,
Dec.
1
,1
8
9
7
......
63,033
($81,500 due yearly.)
IWTFRCST in navahlft at the National Park Bank, New York City.
4128, M&N,$115,000. Mar. 1, 1913
R evenue BONDS*5s, M&N, $9,000. May 1, 1898 I»/r/~\t TTVTT y r ' C ' D ( E D W I N W. FISKE, Mayor.
M O U N T V ERM UJN. — JwM . N. HOYT, Clerk.
1903
103,500.
5s, . . . . ,
Mount Vernon is in Westchester County. The city received its charter
i . . . , .......
2,000.
9,500 No’vV’l ,' 1899 on March 22,1892.
4 I2S, M&N,
80,000 July 1, 1902
412S, J&J,
LO AN S—
When Due'
LO A N S —
When Due.
48. M&N, 77.000. May 1. 1910
W ater B onds—
A ssessment B onds1903
43.000.
412S ,___,
58...........
$1,000.......Oct.
1, 1900
58, ........ $335,500.........1899-1902
50.000.
412S.........
1Bonded debt Sept. 1,’98. 1,489,300
H ighway Bonds , 4128, A&O, 10.000. Apr. 1, i904 48......... . $10,000. Aug. 1 , 1906-’07 Sinking fund...................
149,153
20,500. June 1, 1900 4 s ,.......,320,000............. 1908-1939 Net debt Sept. 1, 898.. 1,340,147
4s, J&D,
50.000 Sept. 1, 1901
I 5s. M&S,
Assessed valuat’n, real.21,490,593
($10.000 yearly.)
1905
I 412S, M&S, 50,000.
4s, M&N, $40,000.Nov. 1 ,1940-’43 Assessed val., personal 1,660,568
125.000. May 1, 1907 4s, J&J, 30,000...July, 1944-’46 Total valuation 1897...23,151,161
412S ,___,
70.000
.Aug, 1, 1907
’ 412S ,---- Tax rate (per $1,0» 0)1898-.$20 90
R edemption B ondsI 4*ss......... 105,000 Apr. 15,1906 58, J&J, $3,000.......... Jan. 1,1899 Population in 1890 was___10,677
Population in 1897 (est.)...21,000
Sewerage B onds—
School Bonds City of Mt .
4s, J&D, $45,000 June, 1899-1907
(r) The 7 per cent survey and map bonds are registered and all held 4s, J&D. 110,000 June, 1908-1918
Vernon by savings hanks. All other issues are coupon bonds.
48, J&D. 5,000........ June 1,1919 48, M&N, $45,0 0 0 ...May 1, 1909
(*) The principal and interest of the revenue bonds are payable from 4s, A&O, 20,000.. Apr. 1 , 1919-’21 ($5,000 due yearly to May 1,1917.)
the outstanding taxes and water rents
4s. J&J, $105,000 ..July 1 ,1 9 )8
Ta x R elief Bonds—
5s, M&S, $10 000....... Mar. 1, 1899 ($5,000 due yearly to July 1,1938.)
PAR VALUE.—Bonds are in $1,000 and $500 pieces.
School B onds, D istrict No . 5—
IN T E R E S T is payable at the Queens County Bank of Long Island City 5s, A&O, 30,000....... Oct. 1,1899
5s, M&N, 25,000....... Nov. 1,1899 4s......... . $ 3 1 ,0 0 0 ...Mar. 1, 1899
T O T A L D E BT , S IN K IN G FUNDS, E t c .
5s, J&D, 3 0 ,0 0 0 .....Dec. 1,1899 ($2,000 due yearly to Mar. 1,1913.)
Jan.1,98. Aug. 1 ,’96. J a n .1 ,’96. Jan .1,’95. 5 s , ____ 32,000___Feb. 21,1901 4 8 ,....... . $14,000... Aug. 1, 1899
Total bonded d e b t....$3,927,000 $3,683,500 $3,691,500 $3,033,500 5s........... 24,000....... Feb. 1,1900 ($1,000 yearly to 1900 and $1,500
yearly to 1908.)
Sinking fund, etc..........................
............
500,OoO
5s........... 60,000....... Sept. 1, 1900
School B onds, D istrict No . 4—
.Feb. 1, 1901
5s......... . 22,000
Net debt..................................
.......... $3,191,500
. . . . . . . . 5s, ........ 2 1 ,0 0 ')............................ 4^28, . . . . . $27,800. .Sept., 1899-’08
Water debt (incl. above) .$356,000
.......... .
............
$373,500 5s, F&A. 40,000....... Aug. 1,1904
Tax certificates (add’l ) . 536,000
.......... .
............
............ 5s, M&S, 50,000....... Sept. 1,1901
W A T E R W O R KS. The city water works are self-sustaining.
KTC’ l X f R T T R r ' Ï-T
( BENJ. B. ODELL, Mayor.
I N J l W t S U la Lx IT . — ) D. J. COUTANT, Clerk.
M A M A K A T I N G . — M ercien S k in n e r , SuperThis city is in Orange County. The interest on the water bonds is
met by water rents. The Chambers Creek bridge bonds were issued
vieor.
ointly by the city of Newburg and town of Now Windsor, to be paid
This town is in Sullivan County.
n proportion to the taxable property of each.
R efunding RR. B onds—(Con.)
LO A N S—
When Due.
L O A N S—
When Due.
4s, J&J $40,000..July 1, 1910-’ 13
LO ANSWhen Due.
R efunding RR. B onds.
S ewer bonds—
B ridge (Chambers Creek)
($10,000 due yearly.)
4s, J&J, $6,000...................... 1899
4s, J&J, $28,000.. July 1 , 1900-’03 Total debt Mar. 1, 1898.$131,000 4s, M&S, *$15,000.Sep. 15,’ 99-01 3*28, J&D, $140,160 Deo. 1,’98-’ 16
($7,377 yearly.)
($5,000 yearly.)
Assessed valuation 1897. 833.200
($7,000 due yearly.)
Water B onds—
4s, J&J. $24,000..July 1 , 1904-’06 Assessment abt.80 p.c. of full value 4s, M&S, $1,000. Sept. 15,1902
4s, M&S, $2.500 Sep. l , ’99-’03
City Hall Total tax (per $1,000) ’97 $24-04
($8,000 due yearly.)
($500 yearly.)
4s, J&J, $27,000..July 1 , 1907-’ 09 Population in 1892 w as.........3,504 48, A&O, $7,500. Apr. 1, ’99-’ 13
4s, M&N, $6,500.May l , ’ 99-’ l l
($500 yearly.)
Population in 1890 w as.........3,401
($9,000 due yearly.)
($500 yearly.)
Population in 1880 w as.........3,845 4s, A&O, $8,500 A p r .l,’99-’ 15
4s, M&N, $2,000.Nov. 1, 1899
($500 yearly.)
4s, J&J,
10.000. July 1, 1900
F ire D epartment
M A R A T H O N . — J ames W . J ones, Clerk.
4^8, M&N, $2,100.N ov.l,’98-’00 4s, M&S, 20.000. Sept. 1, 1901
4s, M&S,
15,000 Sept. 1, 1902
($700 yearly.)
This village is in Cortland County.
4s, M&S,
7,000. Mar. 1, 1904
LOANS—
When Due. I Assessed valuation 1897 $610,775
G lobe F undTlTimnn
/WTVft—
HToV rate
VOtû (per
/Ttùn$1,000)
(Cl
W
ater T
B>onds
IITax
’97— $6-39 38, Ann., $25,170.Aug. 5, 1935 4s, M&N, 13.000. Nov. 1, 1905
4s, M&S,
20.000. Sept. 1, 1911
48.
$28,000......................1899-1926
Population
in
1890
w
as...
1,198
3s,
Aug.,
1,437.
July
20,1943
r.
J j _1-.L /N-A 1R>
mo t CnA
O O a in.-.! \
1 OA/k
48, F&A, 125,500. Feb. 1, 1912
Pa rk BondsBonded
debt’Ô’ot. ïé ,’ ’97. .$31,500
|Population in 11897
(est.).......1,200
48, J&J,
$8,000. J’ne 1, ’ 99-’ 14 4s, M&S, 44.000. Sept. 1, 1912
3*28, M&N,, 49,000 N ov.l, ’98-’23
($500
yearly.)
; E. A. STARKS, Mayor.
($1,750 yearly.)
3*28, J&J, $10.000.July 1, 1915
M E C H A N IC S V IE E E
[ G. H. WHITNEY, Treas.
3^28, M&N, 10,000.May 1, 191G 3*28 M&S, $18,000 Sept. 1, 1907
Mechanicville is in Saratoga Co,
M&S.
3s,
20.000. Sept. 1, 1906
j
P
aving
B
onds
—
4s,
M&N,
$23,<
00.......May
1,
1912
LO A N S—
When Due.
4s, M&N, 30,' >«').......May 1,1917 4s, M&N, $12,153.Jan. 1, ’ 99-’ 05 4s, M&N, 13,500. May 1 ,’99-’ 16
School B onds—
($750
yearly.)
($1,736
yearly.)
4s, Nov., $23,000.................. Nov. 1 4s, M&N, 52,00<".......May 1,1922
Bonded debt Aug., 1897.$204,000 4s, J&J, $13,937. Jan. 1, ’99-’06 3*28, M&S, $11,000. Mar. 1,’9 9 ’09
($1,000 due yearly until paid.)
($1,000
yearly.)
($1,742
yearly.)
Water debt (included)___ 140,000
Sewer B onds—
R efunding Water Bonds—
4s, A&O, $4,000........ Nov. 1,1925 . Tax valuation 1896........ 1,470,825 4s, J&J, $11,639.Jan. l , ’99-’06
3*28,.......
$63,500.1899
to 1917
i
($1,455
yearly.)
I Population in 1890 was........ 2,679
W ater -works B onds—
($1,500 an. to ’ 16, $35,000 in *17.)
5s, F&A, $35,000.......Aug. 1,1903 |Population in 1896 (est.)-----5,000
* Includes New Windsor’ s share, which is about one-eighth.
IN T E R E S T on the school bonds is payable at the First Nat. Bank,
Mechanicville; on others at the Hanover Nat. Bank, New York.
T O T A L D EBT , E t c .— The total bonded debt on March 1 , 1 8 9 8 , was
7 3 3 , 8 4 6 52. The water debt (included) was $ 4 5 0 ,7 5 0 .
W
A T E R W O R K S.— 1b 1 8 9 7 water rents amounted to $ 4 6 ,4 4 2 *8 2 .
lV/TTT'lT'lT TTTTYYA7"NT
5
STANSBURY, Mayor.
iV l l U U J L . l l . 1 U W I N .— 1 GEO. E. WALLACE, Treasurer.
A S S E S S E D V A LU A T IO N in 1 8 9 7 w as: real estate, $ 9 , 1 7 3 , 3 4 0 ;
Middletown is in Orange County. Bonds issued jointly by this city personal
property, $ 2 , 0 8 2 , 0 9 9 ; total, $ 1 1 , 2 5 5 , 4 3 9 ; total tax rate
and the town of Wallkill are included in the following statement.
(per $ 1 ,0 0 0 ), $ 2 4 -8 0 . Property assessed about one-half actual value.
-— Interest.— . /------------ Principal.------------ *
LOANSPO PU LATIO N. —The population in 1 8 9 0 was 2 3 ,2 6 3 .
When Due.
Outstand’g.
Bate. Payable.
N A M E A N D PU R PO SE.
RR. bonds issued jointly by 3 Lj April j, Apr.,’ 99 to 1937 > $97,500
[ $2,500 p’d.y’r l y )
this city&town of W allkill.
N E W L O T S . — New Lots was annexed to the city of Brook­
11,600
........
1899-1901
School bonds 1897............... 4
lyn in 1894 and is now included in The Greater New York.
■$2,900 yr’ly N ov.l
L O A N S—
When Due. I Bonded debt Jan. 1, ’ 98..$579,400
$12,000 yearly i 36,000
do
do 1897............... 4*2 ........ 4
4s, J&J, $500,000..........1906-1925
'
on M a yl.
)
($25,000 yearly on July 15.)
|
20,000
........
Mar. 1, 1901
Sewer bonds, Mar., 1881 ... 4
18,000
........
July 1, 1911
Water bonds, 1886............... 4
Aug. 1, 1911
40,000 N E W
F& A
do
1891............... 4
R O C H E L L E . — H e n r y S. Clar k , Pres^
12,000
Mar. 1, 1913
do
1897............... 3 *2 ........
This village is in Westchester County.
July 2, 1918
100,000
do
1888............... 3*2 J & J
Sew er B onds—
Subject to call July 2,1898.
LO A N S—
When Due.
H ighway Improveent .
75.000
do
1890............... 312 ........
4&5s,A&Ot $195,000 A p r.l,’08-’46
May 1, 1910
10,000. 5s, M&N, $50,000___May l , ’98-’04 4s, A&O,
55,000
1947-1957
do
............... 3*2 ........
Street I mprovement —
($5,000 annually on Oct. 1.)
INTEREST on water S^s due July l, 1918, is paid a t city treasury.
3*2.........$25,000............1902-1926 Assessed valuat’n ’97..$13,485,000
T O T A L DEBT, Et c .—The total bonded debt on Feb. 1,1898, exclud­
Sew er Certificates —
Population 1890 was .. ____ 8,318
ing bonds issued jointly with town of Walkill, was $322,600. Sinking 5s, A&O, $55,000............. Optional Population 1897 (est.)........ 15,000
fund payments are made annually towards retirement of water bonds 4 s ,........ 20,000...........1898-1902
Interest payable at New Rochelle
of 1911.
("Optional after 1898.)
and New York.
ASSESSED VALUATION.—Iu 1897 the assessed valuation of real
estate, about ^ of aotual value, was $3,581,240; of personal property,
N E W U T R E C H T .— New Utrecht was annexed to the
$399,645; total, $3,980,885; total tax rate (per $1,000), $35-32.
POPULATION.—The population in 1890 was 11,977; in 1680 it was city of Brooklyn in 1894 and is now included in New York City.
LO A N S—
When Due.
8,494. In 1895 (estimated) 15,000.
Street I mprovement B ondsF lagging B onds58, J&J, $500,000...........1905-1954
58, J&J, $4,215..............1898-1900
($10,000 yearly on Jan. 1.)
M O N R O E C O . — J. B. H amilton , Treas.
(1,405 yearly on July 25.)
5s, M&S, $26,210....... Mar. 1,1898
County seat is Rochester.
5s, F&A, $ 12.800..........1898-1901 5s, J&D,
3,673.......June 5,1898
($3,200 yearly on Aug. 15.)
LO A N S —
When Due. Assessed val., real... .$136,029,555
5s, J&D.
t*,883 ...June 20, 1898
Assessed val., per’l . ..
7,783,254 5s, J&D, $7,000.......... .1898-1899 Sew er B ondsB ounty B onds (Refunding)—
3iss, F&A, $50,000..Feb. 15,1899 Total valuation 1897.-143,812,809
($3,500 yearly on June 1.)
58, J&J, $49,840.............1898-1904
Assessment about 4-5 actual value. 5s,M&S, $ 8 ,2 3 0 ..........1898-1902
Court H ouse B onds—
($7,120 yearly on July 10.)
313s, F&A, $850,000.......1904-1920 Tax rate (per $1,000) ’ 97... .$5-277
($1,646 yearly on Sept. 20.)
5s, J&J. $6,248.............1898-1908
($50,000 due yearly on Feb. 1.)
Population in 1892 was ...200,056 5s, J&D, $17,640 .......... 1898-1904
($568 yearly on Jan. 15.)
Total debt Aug. 1,’98.
$900,000 Population 1890 was........ 189,586
($2,520 yearly on June 20.)
LO A N S—
When Due.
R efunding Water L oan —
6s A&O, $47,000 Oct. 1, ’ 11-’ 14
(Part each year.)
5s, M&S, $37,500. Sept.l,’ 18-’ 19
($15,000 each y e a r )
5s, . . . . . $37,500.........................
4s, M&S, 45,000. Sept. 1, 1920
Water L oan 3^8, M&N, $21,500.May 1, 1920
3*28.........
18,500.........................
19,000.Oct. 7, 1915
4^28,.......
Fire Department B onds
7s, M&S, $20,000.Sept. 1, 1902
4128,....,
35,000..........................
S urvey & M ap B onds (ref’d’g)
5s, J&J, $66,00 0 .J u lyl,’ 18-’21
P ublic school Bonds4128, M&S, $220,000
1912
4128, M&S. 122,000.
1912
E ngine H ouse Bonds—
5e, J&D, $16,000.June 1, 1909
F unded D ebt B onds 4128, A&O, $112,000
1913
4328, . . . . .
84,000.
1918
Station H ouse B onds58, ____ $15,000.........................
General I mprovem . B onds—
4128, A&O. $69,000. Apr. 1, 1899
4128, M&N, 34,000.May 1, 1899
4128, M&S, 145.500.Sept. 1, 1899
4i28, M&S, 44,000.Sept. 1, 1905




_ LOANS—
When Due.
I mprovement B onds—
5s, J&J, $45,000 ..........1898-1906
_
($5,000 yearly on Jan. 5.)
5s, J&J, #25,000 .......... 1898-1907
($2,500 yearly on Jan. 5.)

I School B onds—
I 5s, Feb. .., $7,20 >......... 1898 1901
($1,800 yearly on Feb. 1.)
I 5s, J&J, $9,000
.......1893-1902
($1,800 yearly July 1.)
I 6s, Mar.
$4,000........ In9*-190l
($ 1,000 yearly on Mar. 28.)
|Bonded debt Jan. 1 ,’98..$734,939

] S J P W V 'r '» T 3 T T r'-T ’- r v 5 ROBERT A. VAN WYCK, Mayor.
1XXL.VV I L J l r t i V U l l Y •\ BIRD S. COLER, Comptroller.
The consolidation provided under the Greater New York Charter
became effective January 1, 1898, and New York city now includes
Kings County, Richmond County, Long Island City, the towns of
Newtown, Flushing and Jamaica, and part of the town of Hempstead.
In his message to the Municipal Assembly on January 3,1898, Mayor
* aii i Y ? furnished a statement of the property valuation and net
funded debt (alter deducting sinking funds) of the consolidated terri­
tory, from which we take the subjoined summary. The statement in
full will be found in the Chronicle of Jan. 8,1898, page 95.
■
Assessed
Net Funded
Boroughs.
Valuations.
Debt.
Manhattan and the Bronx.......... $1,787,186,791 00
$138,825,361 27
Brooklyn..........................................
569,139,842
00 74.390,569 84
24,371,55100
3.314,572 00
R ich m on d................ ...................
Queeps (estimated).........................
84,065,008
00 10,923,026 00
Total.........................................$2,464,763,192 00
$227,453,529 11
Comptroller Color’s statement of debt and assessed values, differing
slightly from these figures, was given in the Chronicle May 14, 1898.
The tables which follow cover only the old city, that is the territory
now known as the boroughs of Manhattan and the Bronx. The details
for the various other places are given separately, and they w ill be
found each under its own name, in proper alphabetical order, among
the reports for this State.
In the folio wins statement loans wholly in the sinking fund are dis­
tinguished by s. f. prefixed to the amount outstanding. Loans exempt
from taxation have a paragraph mark (H) added to the title of the loan.
LO ANS<— Interest.— , ,--------=—Principal.
NAME AND PURPOSE.
Bate. Payable.
When Due.
Outstand'g,
a .—Secured by Sinking Fund Preferred—
Add’lNew Croton A q.Stk.. 6
M & N
Aug. 1, 1900
$269,800
do
do
do
- 7
M & N
Aug. 1, 1900
1,004,500
do
do
do
.. 5
M & N
Aug. 1, 1900
57.000
Croton Reservoir B on ds... 6
Q—F
Aug. 1, 1907
20.000
M & N
Water Stock.................... 6
Nov. 1, 1902
63,000
Water Stock................... 7
M & N
Nov. 1, 1902
412,000
to.—Secured by Sinking Fund (Second Lien), Act o f June 3, 1878—
Consolidated Stock, gold.. 5
M & N
Nov. 1, 1928
6,900,000
Consolidated Stock.......... if 4
M & N
Nov. 1, 1910
2,800,000
c . “—Secured by Special Sinking Fund, Derived by Annual Taxation
Act o f June 3 ,1 87 8 —
Additional Water S to c k ..f 3
A & O
Oct. 1, 1933
100,000
dO
do
do
I -IF •3,ta A & o
Oct. 1, 1933
300,000
do
do
do -IT 3
A &O
Oct. 1, 1933s.f. 45,000
do
do
do -IF 3^2 M & N
Oct. 1, 1916
1,750,000
Armory bonds.
M &N
—U 3
Aug.15, 1904
200,000
do
do
3
M &N
Nov. 1, 1907s.f. 142,632
do
do
3
M &N
Nov. 1, 1907
250,000
do
do
2ia M & N
Nov. 1, 1907s.f. 213,500
do
do
-IF 3 M & N
Nov. 1, 1909
442,000
do
do
3
M &N
Nov. 1, 1910s.f. 884,115
do
do
3
M &N
Nov. 1, 1911s. f. 249,450
do
do
3g M & N
Nov. 1, 1914
270,500
Assessment Fund Stock... 5
M & N '
1903
500
City Park Im prov’t Stock. 5 M & N
1904
s .f.
11,000
C onsolidated Stock —
City Improvement.......... 5
M & N
1900
s .f. 13,616
S eries“ ! , ” ....................... 5
M & N
Nov. 1, 1899s. f. 28,173
Series “ M ” ....................... 5
M & N
Nov. 1, 1899s. f. 12,235
Series 1•M” ........... .4
M & N
Nov. 1, 1899s.f. 649,327
N. Y. Bridge Bonds........ 3
M & N
Nov. 1, 1922s. f. 330,000
do
do
........ 5
M & N *May 1, 1926s. f. 421,900
do
do
........ 5
M & N "May 1, 1926
500,000
* Subject to < 11after N<
do
do
........ 5
M & N
1928
s
.f
.
300,000
do
do
........ 4
M & N
1928
s .f. 866,666
do
do Ser. “ 4.” 3
M & N
1923
s
.f.
100,000
do
do
........ 3
M & N
1925
s .f. 120.000
do
........ 3
do
M & N
1926
s .f. 30,000
Metropol. Museum of Art 3
M & N
1905
s .f. 25,000
do
do
do .. 3
M <te N
1913
s .f. 727,000
do
do
do .. 2 ^ M & N
1913
s .f. 120,000
do
do
do . . 3
M & N
Nov. 1, 1912s. f. 90,000
do
do
do . . 3
M & N
1907
s .f. 40,000
do
do
do . . 313g. M & N
1916
200.000
Amer. Mus. of Nat. His’y. 3
M & N
Nov. 1, 1913s.f. 595,000
do
do
do . . 213 M & N
Nov. 1, 1913s. f. 205,000
do
do
do .. 3
M& N
Nov. 1, 1920s. f. 369,103
do
do
do .. 3
M & N
Nov. 1, 1920
475,000
do
do
do ., 3
M & N
Nov. 1, 1925s.f. 155,000
do
do
do . . 3iag,. M & N
Nov. 1, 1917
250,000
Temp’ry bridge ov. Bronx
Riv. at Westchester Av.
M & N
1919
s .f.
5,000
Bridge over Bronx River
at Westchester Ave .. . 3
M & N
1920
s .f . 15.000
Brg ov. Bronx R. 177th St 3
M & N
1919
s .f. 30,000
Harlem R. Br.“ Wash’n” „ 3
M & N
Nov. 1, 1906s.f. 50,000
do
do
do
3
M & N
Nov.
1,
1907s.f.
350,000
do
do
do
3
M & N
Nov. 1, 1907
900,000
do
do
do
3
M & N
Nov.
1,
1908s.
f.
800,000
do
do
do
3
M & N
Nov. 1, 1908
350,000
do
do
do
213 M & N
Nov.
1,
1909s.f.
385,100
do
do
do
3
M & N
Nov. 1, 1910s.f. 16,650
do
do
do
3
M & N
----------Nov. 1, 1910
178,300
do
do
do
2ia M & N
1910
s .f. 14,500
do
do
do
3
M & N
1913
s .f. 17,175
do
do
do
3
M & N
1911
s .f. 89,508
do
do
do
3
M & N
1912
s .f. 60,078
do
do
do
3
M & N
1914
s .f. 45,590
do
do
do
3
M & N
1915
s .f. 39.325
do
d o ‘ 'Ship Canal” 3
M & N
1914
s
.f. 315,000
do
do
do
3
M & N
1915
s .f. 45,069
do
do
do
M & N
3
1919
s
.f.
36,573
do
do'
do
M & N
1920
80,000
do
do Third A ve.. I e M & N
Nov.
1,
1
9
l4
s.f.
100,000
do
do
do
3
M & N
Nov.
1,
1015s.
f.
85,000
do
do
do
3
M & N
1916-1920 s .f. 219,037
do
do
do
3% gM & N
1916-1920
1,050,000
do
do
do
3
M & N
1920
s. f. 655,980
do
do
do
3*2g M & N
1918
400,000
do
do 155th St..
M & N
Nov. 1. 1 9 1 6 s .fl,140,000
do
do
do
M & N
1917
s
.f.
5,000
do
do
do
M & N
1920
100,000
do
do First A ve.. 3
M&N
1920
s .f. 180,000
Br. ov.H. Riv. E.of B’ way 3
M & N
1919
s .f. 45,000
Structure over N. Y. & H.
RR. on Brook Ave........ 3
M & N
1921
s .f. 50,000




-Principal.
LOANS—
—Interest.— > /■
When Due.
NAME AND PURPOSE.
Bate. Payable.
Outstand'g.
Consolidated Stock—(Con.)—
Br. over H.RR., 153d St. 3
M&N
1919
s .f. $50.000
Grand,. Walton and River
1922
s .f. 15.000
M&N
Avenue Bridge............. 3
Gansevoort M a rk et....... 3
M&N
1907
s.t. 120,000
do
do ......... 3
M&N
1908
s .f. 330.000
do
do ......... 3
M&N
1909
s .f. 53,715
Ward’ s Isl., &c.,Build’gs. 3 ‘ M & N
Nov. 1, 1902s.f. 496,800
Morningside Park............ 3
M&N
Nov. 1, 1907s. f 331.000
do
do ............ 2*3 M & N
Nov. 1, 1907s. f. 110.000
Central Park.................... 3
M&N
1907
s .f. 203.000
do
do .................... 21a M & N
1907
s .f. 45.000
City Improvement Stock. 3 g M & N
1915
778,772
Castle Garden Imp. Aq’m 3
M&N
1912
s .f. 230.000
do
do
„ 3
M & N
1920
70.000
M&N
East River Park............... 3
Nov. 1, 1907s.f.
7.000
do
do ............... 21a M & N
Nov. 1, 1907s.f.
3.500
do
do .......... .
3
M&N
Nov. 1, 1911s.f. 637,118
M&N
Mount Morris Park.......... 3
1907
s .f. 34,500
do
do
........ 21a M & N
1907
s .f.
5.000
Rutgers Slip P a r k .......... 3
M&N
Nov. 1, 191 1 s. f. 20.000
Riverside Park................. 3
M&N
1907-1921 s .f. 240.000
do
do . . . . . . . . . . 2 ^ M & N
1907
s. f. 25,000
M&N
do
do ................ 3
Nov. 1, 1912s.f.
1.500
do (Women’ s Cottage) 3
M&N
Nov. 1, 191 2 s.f.
7.000
New Parks, 23d and 24th
Wards.................. ........... 2^3 M & N
1909
s .f. 466,100
do
do
............IF 2 ^ M & N
1909
9,357,000
Yan Cortlandt Park........ 3
M&N
Nov. 1, 1909s. f. 237,500
do
do ......... 213 M & N
Nov. 1. 1909s.f. 12,500
M&N
Fifth Dist. Police Court— 3
1911
s . f . 75.000
----do
do
do .. 3
M&N
1912
s .f. 75.000
do
do
do .. 3
M&N
1913
s .f. 39,189
Seventh Dis. Police Court, 3
M&N
1916 1917 s .f. 88,121
do
do
do
1920
3g M & N
199,000
Repaving.........................
M&N
3
Nov. 1, 1909s.f. 105,000
do
........................... 213 M & N
Nov. 1, 1909s. f. 895,000
do
........................ If 3
M&N
Nov. 1, 1910
1,000,000
do
........................... 3
M&N
Nov. 1, 1911s.fl,000,000
do
.......................... 3
M&N
Nov. 1, 1 9 1 3 s .fl,500,000
M&N
do
........................IF 3
Nov. 1, 1913
500 000
do
............ ......... .
M&N
3
Nov. 1, 1916
500,000
do
.......................... 3
M&N
1920
s .f. 525,000
do
........................... 3 g M & N
1920
700,000
do
.......................... 3 g M & N
1920
85,000
do
3d A ve............. 3
M &N
Nov. 1, 1923s.f. 176,308
Columbus Celebration... 3
M&N
1903
s .f. 28,.“>00
Mosholu Parkway!.......... 3
M&N
Nov. 1, 1912s.f.
4,000
Public Driveway............. 3
M&N
Nov. 1 , 1 9 1 8 s.f.1,700,000
do
do
M <te N
1920
800,000
>do
do
............. 313g M & N
1916
250.000
M&N
Awards,Change of Grade 3
1907-1912 s .f. 616.865
M&N
New Municipal Building. 3
1912
s .f.
8,300
Washington Bridge Park 3
M&N
1915
s .f. 36,778
do
do
do
M&N
1920
640.000
Gore of Land 135th S t.— I e M & N
1916
s .f. 183,509
M&N
Ward’s Island Purchase- 3
Nov. 1, 1913s.f. 147,359
do
do
do
M&N
3
Nov. 1, 1913
672,409
Br. Approaches, Macomb 3
M&N
1916
s .f. 69.388
do
do
do
1920
3g M & N
274.181
Parkimp (N. Y.City&Pel) 3
M & N
Nov. 1, 1919s.f. 690 000
do
do
do ........ 3 g M & N
Nov. 1, 1920
310.000
Corlears Hook Park........ 3
M & N
1912
s .f . 47,500
do
do do ........ 3
M & N
1913
1,370,421
do
do do ........ 3 g M & N
1914
124,500
3
M & N
1913
s .f . 37.000
3
M & N
Nov. 1, 1912s.f.
5.000
do
do
....... 3 g M & N
1914
195,000
Mulberry Bend Park___ 3 g M & N
1924
1,584,371
do
do
do . . . . 3 g M & N
1920
100,000
Crotona Pk.,Pub. Bldg., 3 g M & N
1914
s .f.
5,000
do
do
do .. 3 g M & N
1914
60,000
do
do
do .. 3
M & N
1920
s .f. 65,111
Fire Department............. 3 g M & N
1914
108,015
do
do
............. 3
M&N
1915
s .f. 150,000
do
do
............. 3
M&N
Nov. 1, 1916s. f . 300,000
do
do
............. 3
M&N
Nov. 1, 1916s.f. 300,000
Street & Park Opening.IT 3iag M & N
Nov. 1, 1918
1,868,867
Street-Cleaning D ept___ 3
M&N
1914
s .f. 130,115
do
do "____ 3*2 M & N
1912
133.000
do
do „IF 3LîgM & N
Nov. 1, 1916
150.000
College of N. Y. City........ 3 g ” M & N
1914
47.000
do
do
........ 3 iag M & N
1914
204,250
do
do
___IF 3
M&N
Nov. 1, 1915s.f. 350.000
High School Bonds.......... 3
M&N
1916
i.f.
5,000
New Hall of Records....... 3
M&N
1923
s .f . 105,100
Bldgs for Rotan’l Mus’m 3
M&N
1921
s .f. 125,000
Riverside Park & Drive. 3 g M & N
1914
380.000
do
do
do
3tag.M & N
1^12
200.000
Repavinj;3dA-v.,23dW d. 3 g M & N
1920
50.000
do
Avenue A ....... 3
M&N
1912
s .f. 45.000
do
Avenue A ....... 3 g M & N
1920
100,000
do
23d&24th Wds. 3
M&N
1920-1921 s .f. 413,425
do
do
3tag M & N
1917
100 000
do
do
3
M&N
1921
s .f. 25,000
do
3 tag M & N
1916
475.000
do
3 tag M & N
1917
600.000
do
3 tag M <s N
Nov. 1, 1918 1,400,000
Paving Jerome Avenue.. 3
M&N
1922
s .f. 125,000
Improv’nt of Parkways.. 3 g M & N
1914
s .f.
700
1914
3g M&N
65.000
do
........ 3
do
M&N
1914
s .f. 100,000
Fire Hydrant.................... 3 g M & N
1925
50.000
do .................... 3 tas M & N
do
1925
50.000
do .................... 3
do
M&N'
1907
25.000
Police Department.......... 3 g M & N
1925
60,549
do
.......... 3 tag M & N
1 09,*%
do
100,000
do
.......... 3
do
M&N
Nov. 1, 1918s.f. 14.000
do
.......... 312g M & N
do
Nov. 1. 1918
20.000
New East River Bridge.. 3
M&N
1920
s .f. 137,325
do
do .. 313g M & N
do
1917
100.000
do
do .. 3 tag M & N
do
1918
300.000
Public Park (St. John’s ).. 312g M & N
1916
554,565
St. John's Pk. construct’n 3
M&N
1916
s .f. 35.000
Public Park, 111th S t... 3
M&N
1917-1918 s .f. 88,690
do
do 12th W a rd - 3
M&N
1921
s .f. 66,307
Fort Washington Park. IF 312g M & N
Nov. 1, 1918
867,310
Depression RR. Tracks.. 3 tag M & N
1910
300.000
do
do
do .. 313g M & Í2¡
1911
85.000
Court-House...............
3
M&N
1919
9,593
s .f.
Extension Kings Bdg.Rd. 3
M&N
1919
2,000
s .f.
Park Improvement........ Stag M & N
1917
123.000
do
do
.......... 3JigM & N
1918
175.000
do
do
.......... 3
M&N
1921
s .f. 102,000
do
do
.......... 3
M&N
1918
s .f. 37,000
S ta teT a xfor insane. —.. 3 tagM & N
1916
1,200,000
Redemption of Bonds
3tag M & N
1922
7,000,000
Red. Rev. Bnds,ParkAve 3
M&N
1920
s .f. 100,000
Pub. Pk., St. Nicholas Av. 3
M&N
Nov. 1, 1911 s .f. 43,074

LO ANS-

Interest.— ■
>

P. 01. Payable.
N AM E AN D PU RPO SE.
C o n s o l i d a t e d S t o c k — i Con.)—

,---------- Principal,---------- ■
When Due.
Outstand'g .

Croton Water Main........ 3
1918
s.f.$250.000
MAN
____ 3% M«fe N
do
do
460.000
Nov. 1. 1918
Public Park, 11th Ward. _ , ______
s .f. 23,709
M AN
1920
177.000
State Tax for Insane___ 3 ^ g M & N
1915
Harlem R. Br. (145th St.) 3
M AN
s .t. 40.000
1918
do
do
do
M AN
1919
s.r. 96.000
Pelham Bay Bridge........ 3
M AN
1916-1919 s .f. 35.000
Public Park, 28th St....... 3
M & N
1921
s .f. 16,096
Public Park, Hester S t.. 3
M & N
1923
s .f. 16,561
Viaduot, Riverside Drive 3
1914
MAN
s .f. 65.000
Imp. Sp’ten Duyv.Pkway 3
M & N
1923
s .f. 55.000
Melrose Ave. Viaduct.... 3
1922
M AN
s .f. 25.000
Depart, of Correction___ 3
50.000
M A N
1921
s.]
do
do
___ 3»«gM A N
250.000
Nov. 1, 1918
ss.:.f. 418,175
Depart, o f Charities........ 3
1921
M A N
350.000
do
do .......: 3 % M A N
Nov. 1, 1918
Ambulance Station........ 3
50,Out)
M A N
1916
s.l
Hospital Building Gkm65.000
verneur Slip........... ...... 3
M A N
1916
s.l
Bldgs, for Public Health
25.000
and Comfort.................. 3
M A N
1919
8.1
30.000
Public Bath. Rivingt’n St. 3
M A N
1919
s.
38.027
Board of Health............. 3
M A N
1919
s.i
389,431
Nov. 1, 1918
CourtHouse—Appel’teDiv.lf 3 12g M A N
64,593
do
do
do
M A N
1919
s.l
3
s . f 1,845,000
M A N
Criminal Court-House Bds. 3
1908
s.l
do
do
do
1908
s.l ‘ 35,000
213 M A N
s.
Croton Water Stk. —Add’l .. 4
M A N
1899
s.if 2,230,000
s .f. 259,000
do
do
do .. 3
M A N
1899
s.l
500.000
do
do
do If 3
M A N
1899
s .f. 110,000
Croton Water Main Stock.. 5
M A N
1900
8.1
ss..f. 585,000
do
do
do .. 5
M A N
1906
s .f. 15,000
do
do
do .. 4
M A N
Nov. 1, 1906s.
s .f. 225,000
M A N
Dock Bonds......................... 5
19Ò8
s.
do
......................... 5
M A N
Nov. 1, 1909s. 300.000
200.000
do
......................... 5
M A N
Nov. 1, 1909
ss..f. 520,000
do
..................... .. 5
M A N
1910
s .f. 191,000
do
......................... 5
M A N
1911
s.
s .f. 672,000
do
......................... 4
M A N
1911
s.
s.tl,080,000
1912
s.i
do
......................... 4
M A N
ss.:.f. 820,000
do
......................... 4
M A N
1913
ss.i.f. 175,000
1914
do
......................... 4
M A N
do
......................... 3
Nov. 1, 1914s. r. 270,000
M A N
355.000
do
......................If 3
Nov. 1, 1914
M A N
1.150.000
......................IT 3% M A N
Nov. 1, 1915
do
1.500.000
1916-1918
do
M & N
s .f. 500,0C0
1918
do
M & N
1,000,000
1919
do
M & N
s .f. 50,000
do
1919
.IT 2*2 M & N
s
.f
.
400,000
1920
do
.IT 2*a M & N
1.050.000
1920
M & N
do
1921
s .f . 450,000
do
M A N
1.250.000
1921
do
M AN
1922
s. 12,480,000
M & N
do
1922
20.000
M & N
do
s.fl,660,000
1923
do
M & N
865.000
1923
do
M & N
1924
s .f. 960,000
M & N
do
1.125.000
1924
M & N
do
500.000
1924
312 M & N
do
s .f. 30,000
1925
M AN
do
3
3,000,000
Nov. 1, 1927
.U 3^2g M A N
do
Nov. 1, 1928
1,750,000
do
■H 3J2gM & N
1928
s .f. 250,000
do
...3
MAN
1,160.000
1925
3
g
M
A
N
do
2 ,000,000
1926-1927
312g M A N
do
1903
s .f. 31.000
Museum o f Art A Nat. His.
5 M AN
1903
s .f.
2,000
do
do
do
.4
M AN
s .f. 124 000
1898
N. Y. Co. Court-House 8tk.
5 M AN
1898
s .f.
9,500
do
do
4 M A N
Nov. 1, 1908s.f. 25,023
School-House Bonds.......
3
M AN
do __
-----3,575,945
do
M AN
3
Nov. ■
1, 1908
do __
19Ò8
ss,.f.
9,500
do
2ifl M A N
do __ .IT 3
do
M A N
Nov. 1, 1911s, f l , 336.872
897,205
M A N
Nov. 1, 1911
do
do __ -IT 3
542,553
Nov. 1, 1912
do
do __
3ifl M A N
754,560
do
do —
M A N
Nov. 1, 1913
3
f.
77,621
do __
M
A
N
19Í4
s.
do
3g
809,013
1914
do __
do
3g M A N
do __
M A N
27.000
do
3
1914
806,502
do
do ....
M A N
1911
84,694
3^¡e M A N
do
do __
1914
1,925,141
do __
1915
do
3 leg M A N
M A N
do __
3
Nov. 1, 1916s. f2,542,784
do
do __
do
3^2 M A N
Nov. 1. 1916 3,691,269
42.000
do
(Sanit. Imp.) 3
M A N
Nov. 1, 1914
do
102,849
3 leg M A N
1916
do
do
959
1914
s. f.
do
3g M A N
87,871
do
1914
do
3g M A N
9.209
do
do
Nov. 1, 1916s. f.
3ie M A N
do
M & N
ss..f. 450,000
do
3
1911
d .—Secured by Special Sinking Fund Derived from, Annual Taxa­
tion Under the Provisions o f the Constitutional Amendment
Adopted November 4, 1884—
Add’l Croton Water Stock.. 3
M AN
Nov. 1, 1904s.f$2395000
do
do
2^2 M A N
Nov. 1. 1904s. f. 300,000
3
M
A
N
1905
s .f. 182,000
do
do
200,000
3g M A N
do
do
1914
4<>0,000
312g M A N
1911
do
do
175,000
Additional Water Stock___ H M A N
1912
do --1T 3ie A & O
1,500,uu0
do
Oct. 1, 1904
do - 1T 3
A & O
5,000,060
do
Oct. 1, 1904
do ..ir 3
Oct. 1, 1 9 0 4 s .fl,000,0 0
do
A A O
do -ir 3
do
A & O
Oct. 1, 1905
5,000,000
Oct. 1, 1907
8,200,000
do --1T 3
do
A & O
do --1T 3
Oct. 1, 1907s.f4,350,000
A & O
do
do -1T 2ie A & O
do
Oct. 1, 1907s.f. 950,000
M & N
1912
s. 14,569,500
do
3
do
do
M & N
1912
250,000
do
3
3ieg M & N
1915
3,030,500
do
do
do
1916
1,750000
3iegM & N
do
Nov. 1, 1912s.f1,383,500
do
do
3g M & N
do
M A N
1914
391,500
do
3
M tSz N
1912
s .f. 245,000
er Main Stock........
3
M & N
1913
s .f .
5,000
do ........
3
do
do ........
1914
250,000
do
3g M A N
v
m .g .
Payable from Taxation, or from Sinking Fund, i f Approved by Com­
missioners, Provided Such Payment Siall Not in A ny Way Impair
the Preferred Claims Thereon.—(Section 6, Chapter 383, Laws o f
1878)—
Assessment Fund Stock___ 7
M A N Nov. 1, 1903
$336,600
do
do
.... 6
M A N Nov. 1, 1903s.f. 156,100
do
do
.... 6
M A N Nov. 1, 1910s.f. 364,850
do
do
... 6
M A N Nov. 1, 1910
535,600
City Pks. Imp’t Fund Stk.. 7
M A N Deo. 23, 1901
200,00ft
do
do do .. 6
M A N Dec. 23, 1901s.fl,371,50o
do
do do .. 6
M A N D ec.23, 1901
266,5t0




-Principal.,— Interest.— ,
When Due.
Outstand'g.
P. Ct. Payable.
Sept. 3, 1902s. f.$685,000
M A N
City Pks. Imp’t Fund Stk.. 6
Jan. 1, 1902
862,000
M A N
do do Con. 6
do
Sept. 3, 1902
465,000
M A N
7
do do
do
July 1, 1903s.f. 704,000
M A N
6
do do
do
July
1,
1903
100,000
N
M
A
6
do
do
do
July 1, 1903
446,000
M A N
7
do do
do
July
1,
1904s.f.
125,000
M
A
N
6
do do
do
July 1, 1904
100,000
M & N
6
do do
do
July
1,
1904s.f.
325,000
M A N
5
do do
do
July 1, 1901
4,252,500
Consol. Stock—City
6g J A J
July 1, 1901
8,885,500
«,‘ounty....... 6 g J A J
do
Nov. 1. 1 900s.f. 44,000
M A N
Croton Water Main Stoek.. 7
Nov. 1, 1900
2,184,000
M A N
do
7
do
Nov. 1, 19 0 0s.f. 972,000
6 9 M A N
do
do
Nov. 1, 1900
284,000
M A N
6
do
do
1900
s .f . 138,000
N
M
A
do
5
do
1906
s .f. 691,000
M A N
5
do
do
M & N
1906
173,000
5
do
do
July 1. 1901
1,000,000
6g J A J
Dock Bonds............
N
1901
500.000
M A
7
do
1902
750.000
M & N
7
do
1902
.f . 250,000
M & N
6
do
t£
,f. 976,(. )0
1904
M & N
do
1904
348,800
M A N
7
do
M A N
Nov 1, 1905s.f. 321,200
do
6
744,000
[Nov, 1, »905
6
M A N
do
1906
s .f . 150,000
M A N
6
do
1906
s .f. 2 8,000
M A N
5
do
1907
s .f. 460,800
M A N
5do
s . f . 147,000
1908
M A N
5
do
N
1908
169,200
M
A
5
do
Nov. 1, 1899s. f . 5 1,952
M & N
Fire Department Stock__ 6
Mav
1,
1903*.f.
665,000
M & N
6
Museum of Art, Ac
May 1, 190 3».f . 260,000
M A N
5
do
do
Nov. 1, 1905s.ll,252,000
M A N
N.Y.Br.Bds. (Consol Stk.).. 6
Nov. 1, 1905
248,000
M A N
do
do .. 6
do
May 1, 1926
500,000
do
do .. 5
do
Q -F
Sublect to call on or after Nov. 1,1900
1898
s .f. 110.500
M A N
N. Y. Co. Court-House Stk. 5
1898
150,000
M A N
do
do . 5
do
e .—Payable from Assessments or from the 8 inking Fund, i f the Com■
missionem Thereof Approve, Provided Such Payment* Shall Not
in A ny Way Impair the Preferred Claims Thereon.—( See Sec­
tion. 6, Chapter 383, Laws o f 1878.)—
M A N On or aft. 1888s.f. 75.000
Assessment Bonds............. 3
do 1890s.f. 50.000
do
2*2 M A N
do
M
AN
do 1890s.f. 650,000
3
do
do
M AN
do 1891s.f. 35,000
do
3
do
M AN
do 1 8 9 3 s .fl,639,000
3
do
do
do 1893s. f.
5,000
do
do
2^2 M A N
M AN
do 1894s.f. 125,000
3
do
do
M AN
do 1 8 9 5 s .f1,602,542
3
do
do
M AN
do 1896*.f l , 180,887
3
do
do
M AN
3
do 1 897s.f. 113,018
do
do
M AN
1899
s .f . 350,000
do
3
do
M AN
3
1899
250,0> 0
do
do
1»99
250,000
do
do
3g M AN
M
A
N
1899
s
.f
.
518,000
do
do
2^
Nov. 1, 1899
250,000
do
do
3*2 M A N
M
A
N
1900
s
.
f
975,000
3
do
do
M A-N
1901
s . f l , 450,000
3
do
do
1901
200,000
do
do
3g M AN
M AN
1898
s .f. 32,087
3
do
do
M AN
1903
950,000
3
do
do
C o r p o r a t e S t o c k — Greater N. T. Charter, See. ibq, Chap. 3 1 8 , Laws 1 ÌQ7 .
MAN
1923
s .f . $8,500
Armories..............
IT 3
Nov. 1, 1928
550,000
Am. Museum Nat. Hist .11 3*2 M A N
Nov. 1, 1928
500,000Metropolitan Mus. Art.it 3*2 M A N
No V. 1, 1928
60,000
Paving Jerome A ve— IT 3 ^ M A N
1928
300,000
Dept. Correction bldgs.if 3*2 M A N
M AN
1919
s .f. 30,651
Health Dept, bldgs
-if 3
Nov. 1, 1928
250,000
CourtHouse—Appellateif 3 ^ M A N
M AN
1923
s .f. 20,000
Criminal Court H ouse.. it 3
M AN
1928
s.f.1000,000
Docks and Slips, A c___if 3
Nov. 1, 1928
1600,000
Docks and Slips, A c___IT 3 ^ M A N
Nov. 1, 1928
1620,785
Soh. Houses.SitesAbldgit 3Lj M A N
M
A
N
Nov. 1, 1928
2000,000
New East Riv. Bridge if 3*2
M AN
1916
s .f. 50,000
Con. AImp. St.John’s Pkif 3
M AN
1911
s .f. 35,000
E a stR iv erP a rk Im p t.lt 3
M AN
1914
s .f. 20,000
Improv’ t of Parkways.it 3
1738,362
Nov. 1, 1928
Public Park 111th St..1t 3*2 M A N
554,844
Nov. 1, 1928
Bridge over Harlem R.iT 3^9 M A N
75.000
Nov. 1, 1928
Pub. Bldg. Crotona Pfc.1t 3 ^ M A N
Nov. 1, 1928
50.000
Hos. Bldg. Gouv’r 81ip.it 3*2 M A N
50.000
Nov. 1, 1928
Pub. BathRivington8t.1f 3*9 M A N
1921
s .f.
1,247
M AN
Pub. Pks. 28th-29th St.1T 3
1921
M AN
r. 15.000
Bdg. over tracks N.Y.C.it 3
M
A
N
1921
50.000
do
do
it 3*2
1928
500.000
Riverside Drive E x t... if 3 ^ M A N
1928
140.000
Melrose Ave. Viaduct..it 3 ^ M N N
Additional Water Stock—
Oot. 1, 1917
2000,000
New Aqueduct..............It 3 1« M A N
Nov. 1, 1928*.f. 150.000
M AN
do
do
..IT 3
Nov. 1. 1917
350.000
San. Prot. of Water., .it 3 ^ M A N
Nov. 1, 1917
300.000
Lay ing W ater Mains... iT 3 ^ M A N
Assessment Bonds—
s .f.
1899
M AN
5,046
Impt. Ft. Wash. R R — if 3
M AN
1907
s .f. 150.000
Street Improvem ents.. if 3

LO ANS-

N AM E AND PURPO SE.

annexed

T e r r it o r y B

onds.

Town of Morrisania—
Central Av. construction 7
Central Av. construction 7

1898 to 1915
Ann'’ly i $1,000 yearly.
1916-1980
semi-an - $1,000 yearly.
1898
to 1910
MAS'
$1,000 yearly.

18,500
64,0<wi

12,000
St. Ann’s Av. construct’n
Town of West Farms—
( An’ly A
1898 to 2147
248,000
Central Av. construction
) s’mi-an. $1,000 yearly.
These bonds mature $1,000 yearly, except in the years 1916 and
1917 when in each year $1,500 mature; in 1949 and 1975, none; in
1950, $2,000; in 1959 and 2147, each $500. Interest on about onehalf the bonds is paid annually, on the remainder semi-annually.
Town of West Farms—
So. Boulevardconstr’t’n. 7
M A S | $ io9OOOyearly ^ 108,500
01 W irnamsbridg.....
........
CRefunding
Town of Westchester............^Improvement...........
( School district........

« 8
\

8

$5,000
245,000
82,000

Village of Wakefield, highway improvements.........................
Town of Eastchester, school district bonds.............................

285,000

332,000
80,800
15,500

a These bonds are b, first lien on “ sinking fund redemption No. I.”
b These bonds are a second lien on “ sinking fund redemption No. i. ’1

52

Voi. LXV1I

c These bonds and stocks are secured by special fund derived fror*
taxation and from “ sinking fund redemption No. I.”
d These water bonds are payable from “ sinking fundredemptionNo. II.
e Payable from sink. f. red. No. I under law authorizing their issue.
The financial statements o f 'he various towns, cities, dke , annexed un
der the “ Greater New York” Charter will be found under their respec
tive heads elsewhere,

PAR V A L U E OF BO N DS.— The denominations of the bonds and
stock of the city of New York are'not fixed. Certificates are issued for
any amount in even hundreds, with $500 as the minimum.
IN T E R E S T — W H E R E PAYABLE.—Coupon interest is payable at
Siate Trust Compauy; registered interest at office of City Chamberlain; interest on the gold coupon bonds of 1901 and 1902 is payable
also at Messrs. Rothschilds in London.
T O T A L DEBT, S IN K IN G FUNDS, ETC.-The subjoined statement
■hows the old city ’s debt, etc.:
Jctti, 1 1898.
Jan. 1,1896.
Jan. 1,1897.
Total funded debt...$228,087,279
$195,907,690
$185,588,597
Sinking fund............ 86,170,758
77,630,491
75,703,087
Net funded debt..$141,916,521
Revenue bonds___
5,069,245

$118,277,198
2,433,326

$109,885,510
2,564,510

N IA G A R A

F A L L S . — { ^.F.’¿fKUSH?Clerk.y0r‘

This city is in Niagara County. All bonds are tax exempt
LO AN S—
When Due.
LO AN S—
When Due
School b o 'D s—
M iscellaneous B onds—
4*28, A&O, $11,000......... 1899-1909 4s. J&J, $9,000...................1914
4s,
86,500.......... 1910-1927 3%s, J&J,
9,000...................1915
4s............
4,500....................1917
Certs , of Indebtedness.—
W ater hond«—
5s, Var., $40,966.........1899-1905
7s, J&J, $14,000......... 1899-1902
Interest payable in New York.
5s, J&J, 51,000......... 1903-1916 Total d»-bt Aug. 13, 98.$1,004,115
4s, J&J, 95,000......... 1901-1918 Water debt (included).
207,000
3%s, J&J, 3 8 .0 0 0 ................1915 Ass’d valuatiou.real.. 13,736,812
4 Ias, J&J,
6,000......... 1911-1912 Ass’d valuation, pers’ i
700,000
„S e w e * B onds—
Total valuation 1897.. 14,436,812
5s, J&J, $20,000.........1901-1910
Assessment about % real value, i
4s............. 613,000......... 1901-1917 Total tax (per $1,000) ’97..$21-28
Population .in 1898 (est.)... 20,000

NO.

H E M P S T E A D . — Sa m u e l H

This town is in Queens County.
LO A N S —
When Due.
4s, J &J, $56,000.. .Dee.1898-1925
4s, ,T&J, 11,000.. J uly. 1899-1909
4s, J &J, 4,500..July 1.1910-1914
ns, J&J, 54,000.July 1.1899-1926
($1,000 yearly to 1925 and
$27,000 in 1926.)

ooper,

Clerk

Bonded debt July 31,’97. $127,500
Assessed^ aluation 1897.4,788,775
Population in 1897 (est.)......9,000
Population in 1890................8,134

Total net d e b t....$136,847,276
$120,710,525
$112,450,020
The annexed table shows the old city’s net debt as it was on the first
day o f January of each of the following years:
1897....... $120,710,525 1891....... $98,064,418 1 8 8 5 .... $93,648,100
1896....... 112,450,020 1890....... 98,663,072 1 8 8 1 .... 106,066,240
1895....... 105,777,854 1889....... 91,313,135 1 8 7 6 .... 116,773,721
A. E. McKEAW, Mayor.
1894....... 101,428,481 1888....... 93,300,581 1 8 7 1 ....
73,373,552 N . T O N A W A N D A . — ; H. M. STOCUM, Treasurer.
1893......... 98,995,651 1 8 8 7 -.... 90,395,634 1 8 6 6 ....
35,973,597
On Jan. 1,1898, this city had a bonded debt of $646,600, including
1892......... 97,550,036 1886....... 93,031,951 1 8 6 2 ....
20.087,310 $400,OOu
watar bonds. For details of debt see State and CityS IN K IN G FUNDS.—The total sinking fund assets of the old city Supplement of April, 1898.
(Manhattan and the Bronx) on Sept. 1, 1898, were $89,444,865. Of
N o r t h T o n a w a n d a S c h o o l D is t r ic t N o . 1 .—
this amount $14,032,591 was held in a special sinking fund (sinking
fund redemption No. II.) for account of certain water bonds and A portion of the city’s territory; has a bonded debt of $63,000.
$75,412,274 (sinking fundredemptionNo. I.) was held for certain other
sinking fund issues. The character of the assets of the two sinking
EDGAR A. NEWELL, Mayor.
funds here referred to is evident from the follow in g:
O G D EN SB U R G .
[ WM. M. STEPHENS, Treasurer.
Sinking Fund Sinking Fund
This city is in St. Lawrence County.
Redemption I. Redemption II.
Total.
LO A N S —
When Due.
LO A N S —
When Due.
N.Y. City bonds (par value) .$7 ,917,64-<
$13,951,939
$87,869,587
ay B onds 1893—
Water Works Bonds—(Con.)
Cash...................................... 1,494,626
80,652
1,575,278 4s,H ighw
A&O, $10,000.........1899-1903 3J2S, F&A, $24,000........189^-1910
due yearly on May 1.)
4s, J&J, 38,000..July 1,’9 9 ’12
Total............................... $75,412,274
$14,032,591
) ,»44,865 4s,($2,000
A&O, $2,000.May 1,1904-5 ($3,750 in 1898 and $2,000 yearly.)
The totals of the various issues having a lien on these sinking funds, 4s, A&O, 36,000... 1906 to 1923 4s,
J&J, $33,250.......July 1,1899
and the order of their lien, are shown in the following; the letter pre­
($2,000 due yearly on May 1.)
($1,750 due yearly) to July 1,1917.
fixed in each case being the same as that used in the table of bonds 3*28, A&O, $2,000.May 1,1904-5 Total
debt Feb. 1 ,’98___ $227,750
above to designate the issues having such lien.
School B onds—
debt (included). . . 140,750
a Total issues having a first lien on sink. f. redemp. No. I ... $2,500,600 4s, J&J, $33,250............ 1899-1917 Water
Tax
valuation,
real........ 3,343,595
1» Total issues having a second lien on sinking fund
($1,750 annually on July 1.)
Tax valuation, personal. 735,700
redemption No. I ................................................................. 9,700,000
Water -W orks Bonds—
Total
valuation
1897___4,079,295
c Consolidated stock, etc., having a lien on special fund
3^28, M&N, $30,000.......1899-1908 Assessment about 3-5 actual value.
derived from taxation and from sink. f. redemp. No. I . 111.589,594
($3,000 due yearly on May 30.)
Total
tax
(per
$1,000).........$27-93
d Total issues payable from sinking fund redemptionNo.il. 41,977,000 3*28, M&N, $40,000....... 1909-1918 Population in 1897 (est.)... 14,700
e Consolidated^ stock (new parks) payable from »inking
($4,000 due yearly on May 30.)
Population in 1890 was.......11,662
fund redemption No. I in accordance with act of au­
IN T E R E S T is payable at the Ogdensburg Bank,
thorization.................................. ......................................... 9,823,100
T AX FREE. —All bonds are exempt from city taxes.
A S S E S S E D V A L U A T IO N ■The old city’ s assessed valuation and
tax rate have been as follows
5 GEORGE H. STRONG, Mayor.
PCFSOTbCtl
Total Assessed Raie o f Tax O L E A N ,
I GEORGE M. MAYER, Clerk.
Years.
Real Estate.
Estate.
Valuation, per $1,000.
$509,022,449
1898......... $1,856,467,923
$2,365,490,372
Olean is in Cattaraugus County and was incorporated as a city April
$20-10
381,449,065
1897......... 1,787,186,791
2,168,635,856
21 00 25,1893, succeeding the village of Olean.
1896....... 1,731,509,143
374,975,762
2,106,484,905
2140
When Due.
Sew er B ondsLO A N S—
1895....... 1,646,028,655
370,919,007
2.016.947.662
19-10
City B uilding—
58, J&J, $6,900.............1899-1901
1894........ 1,613,057,735
390,274,302
2,003,332,037
1790A&O, $10,000......1899-1908
4^28,
($2,300 due yearly on July 2.)
370,936,136
1893........ 1,562,582,393
1,933,518,529
1820
($1,000
due yearly on Oct. 1.)
4s, J&J. 35,000___
.1912-1918
1892........ 1,504,904,603
323,359,672
1,828,264,275
18P50
aving B ondsl$5,000 due yearly on Jan. 1.)
1891....... 1,464,247,820
321,609,518
1,785,857,338
1958, 00
July, $ 8 ,0 0 0 ........ 1899-1904
Water Works Bonds1890....... 1,398,290,007
298,688,383
1,696,978,390
19-70
($1,400 due yearly on July 1.)
4128, J&J, $59,500..........1893-1903
1889........ 1,331,578,291
272,260,822
1,603.839.113
19-50 5s, ann., $3o,100............ 1898-1904 4128, J&J, 12,500..........1909-1914
1888........ 1,302,818,879
250,623,552
1,553,442,431
2220
($4,300
due yearly on Nov. 1.)
Total debt Mar. 1,1898 . $218,000
1887........ 1.254,491,849
253,148,814
1.507.640.663
21-60 4 s ,........ $17,100............ 1899-1907 Water debt (included)...
72,000
($1,900
yearly
on
Feb.
1.)
Total valuation 1897___ 4,009,040
EXPENDITURES.—The annexed shows the old city’s expenditures4s, F&A, $30,350........... 1899-1906 Assessment about actual value.
1897.
1896.
($3,850 yearly on April 15.)
Total tax (per $1,000)..........$13-80
For State taxes and com. schools for State $6,639,300
$6,439,550 4s, F&A.
$17,100............1899-1907 Population in 1898 was___10,787
For Expenses of the City G overnm ent($1,900
due
yearly
on
Feb.
1.)
Population
in 1890 was___ 7,358
5,222,212
Interest on the city debt....................
5,340,549
Redemption of the city debt.................
1,199,819
For debts of Olean School Districts see "Additional Statements' at
2,979,020
An instalment for redemption o f debt..
1,713,670
end of New York state.
The Common Council.................................
91,908
" ’87,386
IN T E R E S T on the city building bonds is Dayable at the National
The Mayoralty........'l.....................
23,983
24,613 Park Bank, New York; on all other bonds at, Farmers’ Loan & Trust
Finance Department..................................
344,984
311,037 Co., New York, and Seaboard National Bank, New York.
Law Department....................................
202,045
201,403
18,093
Bureau of Public Administrator............
13,517
Department of Public Works....................
3,425,727
JOHN W. BREWER, President.
3,208,358
Department of Public Parks....................
1,309,358
1,208,967 O N E O N T A .— ; B. W. HOYE, Clerk.
Dept of Street Imp’ts 23d and24th wards
767,736
629,048
LO A N S —
When Due. 3-65s, J&J, $15,000. July 1 ,’03-’ 17
‘ Department of Public Char, and C or...
16,920
261,586 4 s , ........ . $8.000...... Jan. 1, 1899 Bonded debt June 14,’98. $41,000
Department of Public Charities.............
1,279,391
1,237,909 ($1,000 duey’rly) to Jan. 1,1906 Assessed valuation, real. 1,465,300
Department of Correction.......................
469,220
391,961 3*28,........ , #20,000..July 13, 1900 Assessed valuation, per’l 218,200
Health Department...................................
572,051
511,955 ($1,000 due y’rly'. to July 13,1919 Total valuation 1897__ 1,683,500
Police Department.....................................
7,021,863
5,955,912 5s. . . . . . . . $2,500...... Aug. 1, 1898 Total valuation ’98 (est.)3,367,0« 0
Department of Street Cleaning............
3,397,621
2,845,220 ($500 due yearly) to Aug. 1,1902 Population in 1890 was........6,272
Fire Department........................................
2,366,806
2,314,480 5s............ $6,000.......May 1, 1904 Population in 1898 (est.)__ 8,000
Department of Buildings..........................
338,167
261,895 5 s ,.......... 4,500.......May 1,1906
Board of Education....................................
5,727,497
5,522,625
College of the City of New York.............
165,441
149,904
Normal College........................
150,106
150,588 O N O N D A G A C O . — N . G r u m b a c h , Treas.
Department of Taxes and Assessments..
165,270
156,770
County seat is Syracuse.
The Judiciary.........................................
1,846,147
1,738,744
Printing, Stationery and Blank B ooks..
263,094
LOA N S—
When Due. I Tax valuation, real.... $99,182,444
206,798
Municipal Service Examining Boards...
30,555
V olunteer B onds (refunded)— |Tax valuation, person’1.16,572,695
27,282
The Coroners...............................................
58,919
54,600 4s, M&S, $25,000........Mar. 1,1899 I Total valuation 1897.115,755,139
The Sheriff...................................................
128,455
135,667 4s, M&S, 20,000.. ..Moh. 1,1900 I Population in 1892 w a s... 91,944
The Register...............................................
129,893
I Population in 1890 was. 146.247
114,277 Interest is payable at Syracuse.
The Commissioners o f Accounts.............
60,252
$70,000 |
’
64,415 Total debt Feb. 1,1898.
Bureau of Elections...................................
225,329
442,370
Judgments..............
249,967
118,697
Asylums, reformatories, &e.....................
1,433,618
1,302,317 O S W E G O . — A . H . B A i l i n g , City Chamberlain.
Miscellaneous.............................................
1,760,502
889,028
Oswego, in the town of Oswego, is in Oswego County.
Total........................................................ $48,815,919
$45,298,448
When Due.
LO A N S
R ailroad B onds—
C
B onds—
3*38, J&D, $468,000___1899-1918
‘ January 1,1896, the Department of Public Charities and Correction 4s, ity
A&O, $10,29470....1899-1905
($24,000 due yearly.)
was divided into two distinct departments.
($1,442 10 annually.)
$137,000....1899-1917
The total appropriations for 1896 amount to $46,496,571, including 7s, J&J, $12,000..................... 1902 3^28, A&O,
($8,000 due yearly.)
$4,402.009 for State taxes. For 1897, $48,229,555, and for 1898.
School Bonds—
valuat’n ’ 98..$10,185,841
$51,443,643.
* 3*28......... $12,000...........1899-1902 Assessed
Tax rate (per $1,000) '9 8 .. 27-10
$3,000 yearly on Oct. 1.
Population 1896 (est.)....... 25,000
POPULATION.—Estimated by Health Department, August 28,
1897, at 1,999,801. In 1892 the population was 1,801,739; in 1890
INTEREST is payable at the Am. Exch. Nat. Bank o f New York.
it was 1,515.501: in 1880 it was 1,206,299; in 1870 it was 942.292; on
T O T A L DEBT, ETC.—The total bonded debt October 1,1898, was
Aug. 27, 1898. the Health Department estimated the population of $629,000. The interest and principal of railroad bonds when due are
Greater New York at 3,438,899.
met by the tax levy of Oswego County.




O S W E G O C O U N T Y . — T homas M oore. Treas.

Sew er B onds ~(C' n.)—
LO A N S—
When Due.
F allkill I mprovem ’ t Bonds- 3 s , ........ $99.000...............................
High School B onds78. F&A, $58,000.Aug. 1 , 1909-’ J.0
58 J&J, $3,000.......... July 1,1906
D eficiency B onds—
B ounties—
....
7s. M&N, $83,000.......May 1,1914
5s, M&S, $16.000......................1900
Sew er B onds»,000
1909
48, F&A, $15,000.......Feb, 1,1902 5s, M&S,
4s, F&A,
6,000 .. .Feb. 1, 1903 4*28, M&S, 17,000......................1901
............... 1902
4s, F&A, 20,000*........Aug. 1,1903 4s, M&S, 17.000
.
1903
4s, F&A, 20,000.......Aug. 1,1904 4s, M&S, 20.000
................1904
4s, F&A, 10,000.......Feb. 1,1904 4s, M&S, 18.000
1905
4s. F&A, 10,000........Feb. 1,1905 4s, M&S, 20.000
............... 1906
3*28, . . . . 10.000............................. 3s, M&S, 20.000
................1907
4s.......... 94,000.............................. 3s, M&S. 20.000
A
sylum
B
onds
—
3*28, F&, 20,000........ Aug. 1,1905
3*28....... 30,000............................... 3s, M&S, $15,000......................1908
3s, F&A, 20,000..Feb. l,1 9 0 6 -’07 3s, M&S, 32,000............ 1909-1910
3s, F&A, 39,000..Aug. l,1906-’07
IN T E R E S T is payable at Fallkill National Bank, Poughkeepsie.
.

County seats are Oswego and Pulaski.
$98,000
When Due. Total debt Sept. 2 5 ,’ 98.
L O A N S—
Valuation, real..............24,620,924
C O U N T Y BO ND S-^3128,........ ,$28,000.......1899-1905 Valuation, personal___ 3,448,998
Total valuation 1897...28,069,922
($4,000 due yearly on Mcb. 1).
Total tax (per $1,000) ’97... $12*00
F unding F loating D ebt—
3i2S, M&S, $70,000....... 1899-1905 Population in 1892 was...... 70,970
Population in 1890 was.......71,883
($10,000 due yearly).
IN T E R E S T on the funding bonds is payable New York City.

O V I D . — D. P. Seeley , Clerk.
This town is in Seneca County.
LO A N S —
When Due. Tax valuation, real.......$1,010,595
Tax valuation, personal 315,735
P enn . & Sodus B a t RR.—
7s, M & S , $60,000... Aug. 31 1901 Total valuation 1897... 1,326,330
Assessment same as actual value.
Interest is payable in N. Y. City.
Total debt Feb. 1,1898....$60,000 Total tax (per $1,000) ’9 7 ... $9*06
Sinking fund...................... 16,444 Population in 1890 w a s____ 3,651
Net debt Feb. 1 ,1 8 9 8 ...... 43,556 Population 1894 (est.).......... 3,725
T A X FREE. —All bonds are exempt from town taxes.

O Y S T E R B A Y . — Samuel J. U nderhill , Sup­
ervisor.— This town is in Queens County.
LO A N S—
When Due. I Assessed val’ t’n, real..$12,614.040
4 s ,---- , $650,000........Dec. 1,1917 I Assess, val., personal.. 1,549,293
4s.........
8.000........Aug. 1,1899 I Total valuation 1897...14,163,333
Bonded debt Mar. 20,’98 $668,000 |Popu ation 1890...................13,870
(For debt o f School Distriot No. 5 see “ Additional Statements” end
of New York State.)

P E E K S K I L L . — This village is in Westchester County.

T O T A L D EBT , S IN K IN G FUNDS, ET C .-

Jan. 1, ’98. Jan. 1. ’97. Jan. 1, ’96.
Tot. funded debt (incl. water debt) .$1,714,000 $1,738,000 $1,735,000
Water debt, included above............
575,000
585,000
560,000
C IT Y PRO PERTY.—The city owns buildings valued at $200,000.
A S S E S S E D VALUATION.—The city’s assessed valuation and ta x
rate have been as follows, real estate being assessed at about tw othirds of cash value:
Total A ssessed Bate o f Tax
Personal
Valuation, per $1,000.
Property.
Year8—
Beal Estate.
$13,777,275
23*44
$2,055,600
1897..............$11,721,675
12,740,300
27*60
1,865,800
1896............. 10,875.500
12,689,050
25*10
1,890,050
1895............. 10,799,170
12,436,170
23*44
2.379.850
1891.............. 10,556,320
13,532,740
23*44
3.813.850
1890............. 9,718,890

POPULATION.—Iu 1892 population was 23,196; in 1890 it was
LO A N S—
WhenDue. I Total debt.........................$205,500 22,206; in 1880 it was 20,207; in 1870 it was 20.080
Water B onds—
Sinking fund.....................
24,000
7 s , ..........$150,000.................. 1904 I Net debt Aug. 1 ,1 8 9 7 .... 181,500
3*70s, J&J, 40,000....July 1,1922 I Tax valuation 1897....... 3,500,000 Q U E E N S C O . — Chas . L. Phipps , Treasurer.
3*28,........ , 1,500___ $500 yearly |Total tax (per $1,000)...
$22*50
County seat is Long Island City. A good part of the county is now
Bonded debt Dec. 1, ’96..$191,500 ( Population in 1897 (est.)
12,500 included in the Greater New York, and a bill changing name to Nassau
Floating debt.................... 14,000 |Population in 1890 was.
9,676 County has become a law. A ct takes effect January 1, 1899.
R oad B onds—
LO A N S —
When Due.
4s, J&D, $50,000.. Dec. 15,1917
P H I L M O N T . — J ohn L. Crandell , Treasurer.
F lushing H ighway —
4s, semi-an., $45,000 (gold) 1902 4s, J&D, 240,00 '...D ee. 15,1917
This viUage is in Columbia County.
4g, J&J, 400,000___May 1,1922
old B onds When Due. |Bonded debt Mar. 1, ’98. $51,000 4s,GJ&J,
LO ANS$110,000........
........ 4s, M&N, 275,000 g., Nov. 1,1916
W ater Bonds—
Assessed valuation,’ 97 1,035.000 4g, J&J, $151,OOOg....July
1,1916 4s, A&O, 6 1 8 ,0 0 0 ....Apr. 1, 1917
4s......... $40,000.............1906-1925 Assessed valuation,’ 96
617,375
4s, A&O, 1 3 5 ,0 0 0 ....Oct. 1,1917
unding Bonds—
Population 1897 (est.)..........2,500 4s,F J&D,
($2,000 annually.)
Other B onds—
Dec. 1.192 7
4s, F&A, $11,00 >....1 9 0 2 to 1923 Population 1890..................... 1,818 4s. J&D, $260,000....
4s, J&J, $150,000....................1898
50,000_
_
D
eo.15,1917
($500 annually.)
($15,000 due yearly) to 1907
B uilding B onds 4s, J&D, $ 1 0 ,0 0 0 ....Dec. 27,1902 4s, J&J, $100,000.. Jan. 1, ’ 10-’ 19
4s, J&D, 1 2 0 ,0 0 0 ....Dec. 15,1927 Total debt Deo., 1897.. $4,823,000
G uibord , Mayor.
P L A T T S B U R G .-A
Ass’d valuation, real . 106,139,634
R oad B ondsClinton County.
48, A&O, $340,000...Oct. 15,1917 Ass’d valuation, pers’l. 4,336,643
LO A N S—
When Due. Total debt Jan. 1,1898 $205,000 4s, M&N, 375,000..Nov. 15, 1917 Total valuation 1897.-110,476,277
R enewal B onds Water debt (included).
192,000 4s, J&D,
55,000...Dec. 27,1917 Population in 1892 w a s ...141,807
4s.........$9,000............1896 to 1905 Assessed valuation, real. 1,709^165 4s, J&D, 1,239,000....Dec. 1,1917 Popuiationin 1890 w a s ...128,059
School B onds!)—
A s-’d valuation, person’l 634,290
Population in 1880 w a s ... 90,574
4s, A&O,
$3,000... .Oct. 1,1899 Total valuation 1897___ 2,343,455
Tax rate (per $1,000) ’96
24*50
Subject to call at any time.
Population 1890.............
7,010 R E N S S E L A E R . — J ohn F. M unger , Treas.
Water B onds—
4s, J&J. $37,000....... July 1,1899 Population 1892..............
10,022
Thip city, formerly the village of Greenbush, was incorporated April,
4s, - ..., 30,000........ 1899to 1928
1897, and is in Rensselaer County.
H Exempt from taxation.
Sew er Bonds —
LO AN S—
When Due.
4s, J&J, $10,000.J uly 2,1899
B roadw ay B onds—
4s, J&J,
10,000.......July 2, 1901
4*
38,
J&D,
$19,000...June
1,1905
P L Y M O U T H . — This town is in Chenango County.
4s, J&J,
5,000.July 2,1902
Paving B ondsLO A N S—
When Due. Ass’d valuation, person’l. $27,800 48, Sept. 11, $5,000.Sept. 11,1901 4s, J&J,
10,000.J uly 2.1903
R ailroad A id B ondsTotal valuation 1897....... 392,660 4s, Sept. 11,56,000.Sept. 11,1911 Total debt Aug. 1.1898. $251,000
48, J&J, $41,000........ Jan. 1,1898 Assessment same as actual value.
4s, Oct. 20, 2 ,0 00 ...Oct.20,1901 Assessed valuation ’98..3,23-<.648
(Part due yearly) to Jan. 1,1911 Total tax (per $1,000; ’97 $20*44 4s, Oct. 20, 3 2 ,0 0 0 ...0 ot.2 0 ,1911 lo ta l tax (per $1,000)...
23*77
Total debt 1897-.......... . .$41,000 Population in 1892 w as........ 1,118 4s, Dec. 15, 72.000..Dec. 15,1911 Population in 1895 was. ...8 ,0 0 0
Assessed valuation, real.$364,860 Population in 1890 was........ 1,156 4s, A&O, 30,000..Oct. 11.1912 Population in 1890 w as.......7,301
O P T IO N A L . —All of the above bonds are subject to call.
IN T E R E S T on the sewer bonds is payable at the National Commer­
cial Bank, Albany ; on all other bonds at the Albany County Bank.
IN T E R E S T is payable at the Chenango Nat. Bank, Norwich, N. Y.
5 CEO. 8CHOONOVER, Mayor.
J E R V I S . - •(GEO. M. WELLS, Village Clerk.
Port Jervis is in Orange Coimty.
LO ANS—
WhenDue. Total debt Feb. 1 ,1 8 9 8 ... $85,000
Sew er B onds—
Total valuation 1897___ 1,906,342
4s. F&A, $50,000...... Aug. 1,1911 Assessment about % actual value.
4s, F&A, 35,000...... Aug. 1,1911 Total tax (per $1,000).........$51*11
Interest payable at National Bank, Population in 1890 was........ 9,327
Port Jervis, N. Y.
Population in 1898 w as........ 9,572

P O R T

P O R T
R IC H M O N D
U N IO N
F R E E
S C H O O L D I S T R I C T N O . 6 .—
This district was in the town of Northfleld, Richmond County, which
has now been annexed to New York City.
LO A N S —
WhenDue. I Bonded debt Sept. 1, ’ 97 $55,000
5 s ,.......$9,000............1898 to 1900 | Assessed valuation,’ 96 1,731,000
($3,000 annually on Nov. 1.)
Assessment about *3 actual value.
5s, June, $43,000.......1901 to 1922 | Tax rate (per $1,000) ’96...... $5*19
($2,000 annually to 1921 and Population 1897 (est.)..........4,800
$1,000 in 1922 on June 1.)
Q / —v'T ' q t v a t\/t
5 GEO. W. BIXBY, President.
f - ' U i b U A l v i , — IS. G. CRANE, Clerk.
This village is in the town of same name in St. Lawrence County.
LO A N S —
WhenDue. Total debtJan. 17,1898. $59,500
Water B onds—
Valuation, real.................1,192,310
4s, A&O, $24,000....... Apr. 1, 1899 Valuation, personal........ 527,550
($2,000 due yearly) to April, 1910 Total ass’d valuation ’97.1,719,860
4s, A&O, $ 8 ,0 0 0 ........ 1899 1912 Population in 1890 was........ 3,961
($500 due yearly.)
Population in 1898................ 4,600
D rainage B onds—
4s, F&A, $25,000....... Aug. 1,1906
INTEREST on the water bonds is payable at the United States Bank,
New York City; on the others in Potsdam.

P O U G H K E E P S I E ^ A lonzo H . V a il , Cham­
berlain.
This city is the county seat of Dutchess County.
R ailroad Bonds—
LO A N S —
WhenDue.
W ater B onds7s, M&N, $100,000..May 1, ’ 99-’08
78, M&N. $410,000..May 1, ’ 98-’ 13 7s, F&A, 2 7 3 .0 0 0 ....Feb. 1, 1902
4 s , ........ 6 ’ ,000.......... .... ............. 4 s ,........
6 ,0 0 0 . . . . . . . . .. . . ._____
10,000...................... » ...
3 *2 8 , ___ 98,000............................. 3 s ,........




R E N SSE L A E R

C O . — J o h n D o n , Treasurer.

County seat is Troy.
W ar B onds (renewal)—
4s, F&A, $7,000.......Feb. 1,1904
4s, F&A, 30,000....... Feb. 1,1905
4s, F&A, 30,000....... Feb. 1,1906
($6,000 due yearly on April 1.)
3*38, A&O, $120,000....1911-1930 4s, F&A, 20,000....... Feb. 1,1907
4s, F&A, 27,000....... Feb. 1,1908
($6,000 due yearly on April 1.)
7,000. Feb. 1, 1899-’05
3*38, A&O, $105,000.Apr. l , ’31-’45 4s, F&A.
($1,000 due yearly.)
($7,000 due yearly.)
3*38, A&O, $25,000.. 194Lto 1945 4s, F&A, $3,000.Feb. 1 , 1899-’01
($1,000 due yearly.)
($5,000 yearly on April 1.)
H ouse of I ndustry Bonds4s, F&A, $5,000. Feb. 1 , 1899-’03
($1,000 due yearly.)
48, F&A, $40,000.......Feb. 1,1902
4s, F&A, $36,000.Feb. 1 . 1899-’ 16
Sinking F und Bonds—
($2,000 due yearly.)
3*38, A&O. $90.000. Apr. 1, 1899
($10,000 due yearly) to Apr. 1,’07) Bonded debt Aug. 1, ’98. $916,000
110,000
3*ss, A&O, $150,000.1908 to 1917 Sining fund....................
Net debt Aug. 1,1 89 8 .. 806,000
($15,000 yearly on April 1.)
Tax valuation, real...... 71,348,147
W ar B onds (renewal)—
4s, F&A, $22,000....... Feb. 1,1899 Tax valuation, pers’l.. 8,499,759
4s, F&A,
35,000....Feb. 1,1900 Total valuation, 1897. 79,847.906
4s, F&A,
16,000....Feb. 1,1901 Population in 1892 w a s ...128,923
4s, F&A,
9,000....Feb. 1,1902 Population in 1890 w as...124,511
4s, F&A,
13,000....Feb. 1,1903 Population in 1880 w as.. .115,328
IN T E R E S T on the court-house bonds is payable at the office o f the
County Treasurer; on all other bonds at National State Bank, Troy.

LO A N S—
When Due.
Court -H ouse B onds (reg.)—

3*38, A&O, $72,000.......1899-1910

R I C H F I E L D S P R I N G S .— A. M onroe F ree ­
m an , Treasurer.— This ViUage is in Otsego County.
When Due. I W ater B >-ds —
Sew er B onds 5 s ,____ $7,000................................
5 s ,.......$19,500........................1925 ' Total debt Mar. 1.1898.. $76,500
(Subject to call after 1905)
I Water debt (included)...
48,500
5 s ,....... $5,500...................... 1925 |Tax valuation, real..........1,351,500
W a t e r B onds , R efund ., 1894 — I Tax valuation, personal. 109,100
4 s ,. . . . , $1,000........ 1899 to 1900 I Total valuation, 1897....l,4ri0,600
($500 yearly.)
I Assessment about *3 actual value.
4 s , .......$1 9,00 0.......... 1901 to 1919 I Total tax rate (per $L,0 00).$ 25-6 0
($1,000 yearly.)
Population in 1890 w as........ 2,192
5 s ,...... $20,000..............Dec., 1900 |Population in 1894 (est.) ...2,500
INTEREST is payable at the First Nat. Bank of Richfield Springs.
TAX EXEMPT—The water bonds of 1894 are exempt from taxa
tion.

LO A N S—

54

STATE AWB CITY SU fflE M E W T ,

[Voi. L X VI I

R I C H M O N D C O . — The county was on January 1,1898,
PAR VALUE.—The water and sewer bonds are for $1,000 each- all
others $500 each.
made part of New York City under the “ Greater New York” Charter.
LO A N S —
When Due.
R oad B onds—
County B onds­
5s, g., J&D, $90,000..June 1,1919
e s , F&A,
I $55,000. Aug. 1 1899 3128, F&A, 100,000 Aug. 1,1915
OHNS V IL L E 4^28, A&O, 139.400.Apr. 30’ 1899 412s, F&A, 150,000..Aug. 1,1916
et. Johns ville is in Montgomery County.
4^8, J&J,
99.000.
July 31,1900
312s,
M&N,
46,000.
.Nov.
1,
1917
LO
A
N
S—
When Due. Bonded debt Apr. 1, ’ 98. $47,200
4s, A&O, 57.000. Apr. 30.1898 4s, g., $35,000, g ..........June,1920
W ater B onds—
Tax valuation, real........ 658,000
3^8, A&O, 40.000. Apr. 1,19024&, g., 100,000, g........ Aug., 1920 4^8,
...
$23,000..........1899-1921
Tax valuation, personal. 125,000
3^28, F&A, 50.000.
Aug. 1,1904
($1.000 yearly on Aug. 1.)
4s, g., J&D, $168,000. June 1,1921
Total valuation 1897___ 783,000
3 *28, J&J,
63.000.
July 31,1905
. . . . . . $15,000..........1910-1924 Assessment is about 4aactual value
3^28, F&A, 50.000. Aug. 1,1906 48, g., J&D, 202,000. June 1,1922 4s, .($1.000
yearly on Sept. 2.)
4s, g „ A&O, 230,000.Oct. 1,1922
Total tax (per $1,000) ’94..$18-10
3128, F&A, 40.000. Apr.1.1908 Total
debt Jan. 1, ’98.. $1,974.400 ..............,$ 8 ,20 0 ............. 1905-1916 Population in 1890 was........ 1,263
314s, J&J, 58.000. Jan. 31,1901 Tax valuation,
r e a l... 24,371,551 4s>........ 12,000........ 1903 to 1924 Population in 1880 w as........1,072
3s, A&O, 50.000. Aug. 1.1909 Tax
(Part yearly.)
valuat’n,
personal 1,628,709
Population 1897 (estimated). 1,950
3s, F&A,
58.000.
Aug.1.1910 Total valuation 1897. 26,000,260
IN T E R E S T is payable at St. Johnsville and Kingston.
F unding B onds 1894
4 s s T&D
niSn“ ' "
1Popul’n 1892 (Statecensus).53,452
48, g., J&D, $95,000................ 1914 I Population in 1890 was....... 51,693
S T . L A W R E N C E C O . -M. R. Sackett, Treas.
County seat is Cauton.
R O C H E S T E R __ 5 g e o . e . w a r n e r , Mayor.
„ LO A N S —
When Due. Total debt Mar. 1,1898.
$77,000
« » » h e s w r ls t t e c o n M ,.e a t lli™ ™ '
Coitrt H ouse B onds—
Assessed val., real___ 34,549,472
4 s»M&8, $65,000.......... 1899-1911 Assessed val., person’l 4,332,381
($5,000 due yearly on Mar. 1)
Total valuation 1897.. 38,881,853
”B
d L X Donas......................
m |J
. RPOSE'
rM%CM e »1, 1920
rsriuge
3 PJa vf**& J
j an.
$100,000
A rmory Bonds—
Assessm’t is 85% of act. value.
4 s , ..... . $12,000........................ Population in 1892 was.......86,254
*Rridfi-P,w^a
.Subject to call after Jan. 1,1900.
Bridge bonds...................... 3 1 $ j & j
July i t 1922
100,000
J ail B onds—
Population in 1890 was...... 85,048
*-d„! j
Subject to call after July 1, 1902.
4s> -.......$25,000........ Mar. 1,1913 Population 1894 (estimated) 86,673
‘ Bridge bonds.......... .........r 3H J * J
Sept. 1, 1921
100 000
($5,000 due y ’rly) to Mar. 1, 1917
(fl|. ESS I
. .
Subject to call after Sept. 1 ,1 9 0 1 .
IN T E R E S T is payable at County Treasurer’ s office, Gouverneur.
tCity Hall commission...0 7
J & J
Jan |
1,
1902
335.000
‘ Consolidated loan........... r 313 F & A
Aug. 1,-1912
100.000
t
T 5J an. 1 ,1922-’2 7)
S A L I N A . — G. B a xt e r , Supervisor
‘ East side trunk sew er.. .r 4
This town is in Onondaga County
Subject to call alter 2 o ! 5 £ ’° 5_6arlr' ^
’
_ LO A N S —
When Due. Total valuation 1897...$1,496,000
do
do
North . RR B onds—
As^essm’t about 70 p. c. real value.
i l l 'l l E ®
s»».«»» 4».Syracuse
M&S, $137,400. ..Sept. 1,1899 Total tax (per $1,000) ’96..$10-20
Subject to call after 20 years.
($3,600 due yearly.)
Population in 1892 w as........3,493
do
do
. . . . . 3*8 J & J
^$25.0001yearly7] 250,000 Total debt Jan. 1,1898.. $141,000 Population in 1890 was........ 3,490
IN
T
E
R
E
S
T
is payable by the Union Trust Co., New York City.
>F»»ding, l , 7 5 .......1905
410.000
J & J
J S t 1928
-Park bonds, 1 8 8 8 . . . ........ r 3
300.000 S A R A T O G A
C O . — B . B . G r i p p i n , T reasurer.
Subject to call on and after July 1, 1898
County seat is Ballston.
do
1 8 9 6............ 3ia J & J
1936
60,000
„ LO AN S—
When Due.
„ ..
.,
Subject to call after Feb. 28,1906.
County B onds (1888)—(Con.)
Railroad loans—
’
County B onds (1888)—
4s, F&A, $18,000........ Feb. 1,1908
4s, F&A. $11,000.........Feb. 1,1899 Total debt Aug. 1,1898. $146,000
I
Jan.
1,’99
to
1902
)
tRefunding R R ............c 7
J & J
12,000......Feb. 1,1900 Tax valuation, real......22,97*,442
16,000 4 s , F&A,
$4,000 yearly.
(Refunding R R ............. <j 7
F&A,
12,000......Feb. 1,1901 Tax valuation, person’l. 2,197,454
J & J
Jan. 1, 1903
72,000 49,
4
s
,
F&A,
13,000.....
Feb. 1,1902 Total valuation 1897.. .25,173,896
‘ Refunding RR., 1893..r 3^2 F & A
Feb. 1, 1913
745.000 4s, F&A,
14,000..... Feb. 1,1903 Assessm’t is nominally full value.
,,
Subject to call after Feb! 1, 1903.
4s, F&A,
15,000.....
Feb.
1,1904 State tax (per $1,000) ’ 97
tWater w ks, 1873-76.r&o 7
J & J
Jan
1 1903
$2-48
3,182,000 4 s , F&A,
Ido
16,000..... Feb. 1,1905 County tax (per $1,000) ’97.. 4-68
do
r 4
F& A
Feb.
1, 1943
300.000 4s, F&A,
17,000.....
Feb.
1,1906 Population in 1892 was...... 57,301
Subject to call after 20 years.
tdo
4s, F&A,
18,000..... Feb 1,1907 Population in 1890 was...... 57,663
1892.r 3ia F & A Feb. 1, 19 42
500.000
Subject to call after Feb. 1, 1912.
The foregoing bonds are coupon bonds for $1,000 each.
do
1894.r 3^2 F & A Feb. 1, 1944
950.000
INTEREST is payable at the Co. Treasurer’s office, Saratoga Springs.
Subject to call Feb. 1, 1914.
nr + do, . .
.
3*9 F & A Feb. 1, 1914
250,0^0
Watershed b o n d s ....1898 3^2 F & A Aug. 1, 1918
200.000 S A R A T O G A S P R I N G S .- -J a s . D. M cN ulty ,
* $5,000 each.
t $1,000 each.
Clerk.
i J„N
ES.T—With the exception of the City Hall Commissioners’
This village is in Saratoga County
LO ANSWhen due.
V illage H all B onds— .
F loating D ebt B onds 4 s ,.......$95,000.............. 1902-1920
5s....... . $5,000.......... Sept 1,1899
($5,000 due yearly on Aug. 1.)
5s,
, 5,000.......... Sept. 1.1901
Water B ondsSewer B onds—
68, MAS, $5,000........ Sept. 1,1910
5s, MA S, $6,000..............1899-1904 5s, M&S, 35,000............. 1911-1917
($1,000 due yearly on Sept. 1.)
($5,000 due yearly on Sept. 1.)
5s, M&S, $24,000............1905-1908 5s, M&S,$10,000........Sept.l, 1900
J-^sys’ ihe d ty had a sinking fund of $336 261 Tn
($6,000 due yearly on Sept. 1.)
5s. M&S, 19,000............ 1901-1904
addition to the above debt the city had on August l 1898 a* finatinv 58, MAS, $3,000..............1909-1911 4s,
M&S, 15,000.............1898-1899
“debt of $1,497,200, consisting o f outstanding K s and « o o n lS o W
($1,000 due yearly on Sept. 1.)
(Part due yearly on Supt. 1.)
acceptances,” payable largely by assessments.”
contractors
4s,
M&S, $105,000........ 1902-191
Genesee Valley Railroad refunding loan, due from 1896 to 1908 1«
/T, „ , . I . _
■ .
(Part due yearly on Sept. 1.)
5
or
Saratoga
Springs
“
town,”
see additional statements
after fntere°st on K a n f s p S Pt8 ^
l6a8et0
Y ‘ L‘ E- & W’ RR- end. or New York State.)

SJ) ï

rateSS | e S | t d Y f l ^ ^ i o d l ^ e n ^ a s 8 folfoTs? i S ^ t a t r S e i n g
assessed at from 60 to 80 per cent of aotual value!
©state being
„
Real
Personal
Sate o f Tax
years.
Estate.
Property.
p er $1,000.
1898..........................$101,8 ¿7,725
$10,966,0Ì5
1897.......................... 101,065,200
5,113,050
$16-18
1896........................... 100.054.350
5,692,304
20-37
1895............................ 99,389,050
6,081,200
16-19
1894............................ 98,762,150
6,192,516
1893........................
97,206,085
6,676,967
1892............................ 96,543,650
6,609,303
15-26
1891............................ 93,806,150
6,134,250
15-97
1890............................ 88,053,750
5,937,950
15-20
1880............................ 34.408.725
1.430.144
23-86
.P O P U L A T IO N . —In 1892 population was 144 8 34- in ic o n
133,836; in 1880 it was 89,366 ; in 1870 it was «2 38« -im890 Jt w,as
4ion in 1895, according to local figures, was 160,00<j386’
P»Pula-

R O C K L A N D ‘C O .-J . M. H asbrouck, Treas’r.
Haverstraw is the county seat.
jiiP C fe Wh6n DU*- I 5 sROAD
,
5s
$10,000..Mar. 1, ’ 99-’00
H gT ooo
R o a o B ondsI Assessedval’ation.reaLlS 3 ?0 0 ?0
k®............
.......^ a r. 1,1901 |Assessed val’ation. per’l 1 458>ei8«
•5s,........, 10,009......... Mar. 1,1902 I Total valuation 1847
-«a
5s’ ........’ 19 ,5 0 0 ...Mar. 1, ’03-’Q5 |Popu la tio n in 1«90 was

R O M E

i U L i - L KINGSLEY, Mayor.
x x w i V i r L . — ) J . H. CARROLL, Chamberlain.
This city is in Oneida County
LOANS—
When Due.
LO A N S —
W hen Tttir
City H all B ondsSchool Bondsu t‘
48, J&J, $7,000........ Nov. 1,1898
$65,000.......Feb. 1 1899
m m due y’rly) to Nov. 1,1904 4s, F&A,
($3,250
yearly)
to
Feb.
1,
’
1918
4s, J&J, $8.0t)0....... Jan.,’99 to ’06
W a t e r B o nds—
($1.000 yearly.)
3 ^ 8’ J&J, $160,000. Sept. 15,1911
Sew er Bonds r°tal debt Aug. 25, ’9 8 ... $438,500
4s, J&J, $15o,Oi*O.Apr.l5,1907-21 Water debt (included)
160 000
($5,ooo y’ly to 1920; bal. due 1921) Assessed valuati on, real .6,364585
4s, Jdi J, $37,000___Apr. 15, 1921 Assessed valuation, per’l 838*403
R elief B onds—
Total valuation 1 8 9 7___7 202*98*»
4s, J&J,$3,500(opt’n’l) Jan .l, 1900 Total tax (per $1,000) ’97. . . 21 -06
4s, J&J, 8,000..Jan. 1 ,’9 9 to 1900 Population 1892 w as....... . 13,638
Population 1890 was..'.
14*991

*8™9;* X S ì ,IR S 'Â ÎS ÎIÏ!?!8“ 6'coantJ'a114,<mn“



j

ia o 9 T £ ,L §£ o!T , l £ tc!;—T?16 b P n d e d debt of the village o h Feb. 1,
i898, was $333,000; floating debt, $10,000; total debt, $343,000,
water debt (included in total), $194,000.
A S SE SS E D V A L U A T IO N — In 1897 the assessed valuation o f real
£ , 1 jej ^ o ^ 4L002’4(l5 Personal property, $141,722; total valuation,
$4,144,127. Property is assessed at about % of its actual value.
o ,p O p U L A T 10 N-T h e population in 1890 *ras 11,975; in 1880 it was
8,421; in 1898 (estimated) 11,698.
SJ VCOB W. CLUTE, Mayor.
(JOS. H. BERNARDI, Treasurer.
in the county o f the same name, and was incor-

S C H E N E C T A D Y .Tbis city
poratuuin l/uOi

LO ANS------Interest.— , -------------- Principal------------- ,
NAME AND PURPO SE.
Rate. Payable.
When Due.
Outstand'a.
School..........................1889 3
F & A - Feb. 11* 1910-15) $30,000
$5,000 yearly. 5
do
.1890 3
F & A : Feb.l, 1916 to’ 1 9 )
20,000
: $5,000 yearly, s
do ........................... 1898 4
F & A ; Aug. 1, ’«a to ’0 3)
15.000
$3,000 yearly. 5
4ewer........................... 1884 4
A&O
Oct. 1, 1904
5.000
Q ( O ct.l,1905-1907
do ......................... .1884 4
30.000
$ 10,000 yearly.
do ...........................1891 4
& O
Oct. 1, 1920
10.000
do ...........................1892 4
& O
Oct. 1, 1921
10,000
do ...........................1894 4
& A
Aug. 1, 1922
15.000
do ...........................1896 4
& J
July 15,1923
5.000
do ...........................1886 3
& O
Oct. 1, 1901
10.000
do ...........................1887 3
& A
Aug. 1, 1904
5.000
do ...........................1889 3
& O
Oct. 1, 1908
5.000
do ...........................1890 3
& A
Aug. 1, 1910
13.000
do ...........................1890 3
& A
Aug. 1, 1911
10.000
do ...........................1898 4
& D
June 1, \924
15.000
^ T 5 Jan., ’99 to 1900 )
S. & S. R R ............................ 7
20.000
d ( $10,000 yearly, s
Street improvements, 1895 4
1899 to 1901
222,006
w ater............ .............. 1885 4
M & N
Nov. 1, 1902
5.000
do ........................... 1885 4
M&N
Nov. 1, 1903
5.000
do ............. ...............1885 4
M & N [ Nov. 1, ’08 to ’ 15 )
80,000
[ $10,000 yearly. 5
do ............. .............1894 4
F& A
Aug. 1, 1911
13.000
Aug.
1,
1912
13
)
do ............. .............1894 4
F &A
16.000
$8,000 each year (
do ............. ............. 1893 4
F & A Aug. 15, 1911-’ 13
28,000
do ............. ............. 1895 4
M&N
May 15, 1911
15.000
do ............. .............1895 4
M&N
May 15, 1912
40.000
do ............. .............1895 4
M&N
May 15, 1913
40.000
;dO ............. .............1895 4
M&N
May 15, 1914
60.000
do ............. .............1895 4
M&N
May 15, 1915
60,000

-Principal.-Interest.—
LO ANSRate. Payable.
When Due. Outstand'g.
NAME AND PURPOSE
City Hall^bonds.T^r..........1889 3
F& A
Aug. 1, 1909 $300,000
Water loan..........................1894 4
J & J
Jan. 1, 1920
500,000
rlrt
1892
J & J
July 1, 1920
OUO,OOU
do
.........................1892
J & J
July 1, 1920
500,000
do
....................... 1893 3*2 J & J
July 1, 1920
500,000
2
.........................1894 3Lj J & J
July 1, 1920
500,000
2
........... : : : : : : . T 8 9 5 .. . j & j July 1 , 1920
300,000
rf?.
1890 3
J & J
July 1, 1920
500.000
2
.......... ; ” : ' : : : i 89i 3
j & j jm y 1 ,1 9 2 0
500,000
do
..1897 313 J & J
Jan. 1, 1927
100,000
do
........V ..... ..1898 3*2 J & J
Jan. 1, 1928
100,000
Temporary loan for street improvements, $8,824.
PAR VALUE OF BONDS.—The bonds are in $1,000, $3,000 and
PAR VALUE OF BONDS.—These bonds are all In $1,000 pieces.
$5,000 pieces.
T A X F R E E—The local improvement bonds are exempt from taxationINTEREST is payable at the office o f the City Treasurer
INTEREST on the water bonds is payable at the office of the Metro­
T O T A L DEBT, Et c .—The city’ s total debt on March 1,1897, was politan Trust Company, New York; on all other bonds at the office o f
$880,830. The n A debt on June 1,1894, was $329,000; on July 1, the Union Trust Company, New York.
1893, it was $352,766; on March 1, 1891, it was $352,128.
t o t a l DEBT, Etc —The total bonded debt on Mar. 14,1898, was
ASSESSED VALUATION.—The city’ s assessed valuation (from ^ $6,365,000, inclucling water debt, $3,900,000, and local, improvement
to 23 actual value) and tax rate have been as follow s:
bonds, $826,500. The city has no floating debt and no sinking fund.
Total
Rate oi
ASSESSED V ALUATION.—lu 1897 the assessedvaluationof real
Real
Personal
Assessed
Tax per estate was $64.950,956; of personal property, $12,860,183, total,
Years.
Estate.
Property.
Valuation.
$1,000. $77,811,139; total tax rate 1896 (per $1,000) $19*904. Property is
1897
............... $9,159,500 $1,181,736 $10,341,236
19*50 assessed a t 1 about 75 per cent of its actual value.”
1896*"
............ 8,973,800
1,058,<»36
10,031,436
........
POPULATION . —The population in 1890 was 88,143; in 188051,792 ;
18 9 5'” ’
.......... 8,872,750
1,110,036
9,982,786
........
1I 9 4 ............
. 8,852,850
608,836
9,461,686
$18*90 it. 1897, estimated, 120,000.
638,749
9,351,599
16*90
1893.......................... 8,712,850
1890.” !! !.'............... 7,636,700
567,970
8,204,670
17*30 T A R R Y T O W N . — F. A . R u s s e l l , Treasurer.
1880.......................... 2,933,400
460,010
3,393,410
.........
This village is in Westchester County
POPULATION —In 1892 population was 22,858; in 1890,19,857;
LO A N S—
When Due. 4s, J&D, $65,000.......June 1,1919*
in 1880,13,655; in 1870,11,026.
4s, J&D, 65,000,....................1926
Sew er B onds—
Total debt Mar.l, 1898...$368,000
J&D | $47,000.1899 to 1914 Includ’gtemporary loan of 14,000
4s
S E N E C A F A L L S . — M. 0 . G ould , Superyisor.
'• i 1
Assessed valuation, real.8,968,645'
($3,000 due yearly).
This town is in Seneca County.
............... $6 ,00 0 ...........1915-1916 Ass’d valuation. pers’ al..3,506,945'
Total valuation 1897... 12,475,590
W ater B ondsLO A N S—
When Due. Assess’d valuation,real $3,572,440
Assess’d valuat’n, pers’l. 524,250 48, J&D, $58,000..................... 1899 Tax rate (per $1,000) 189 o .. $5*00
R efunding B onds :
($3,000 due yearly) to 1918 Population in 1890 about----4,500
5s, J&J, $100,000---- July 1,1903 Total valuation 1897... .4,096,690
Population in 1898
Assessment about actual value.
4s,
$130,000.............June 1,1926
A,
v '*’ was........4,674
T,
,
8, ffilOU.UVV.....................
5s, J&J, 119,500... .July 1,1913
Interest on sewer bonds is payable at tbe Tarrytown Nat. Ban*.
5s, J&J,
8,000..............., ........... Total tax (per $1,000).........$10*81
Population
in
1897
(est.)...
7,400
(Being paid $2,000 yearly.)
Total debt Aug. 15, J898.$229,500 Population in 1890 was---- 6,961 T H O M P S O N .— T hornton A. N iv e n , Supervisor
IN T E R E S T is payable by the Metropolitan Trust Co., N. Y. City.
This town is in Sullivan County.
LO A N S —
When Due. Assessed valuation, pers’l $53,10 O
is
in
Westchester
County.
Total valuation 1897------ 672,903
S I N G S IN G . —This village
R ailroad B onds—
Equalized valuation’9 7 .. 796,863
5s,
M&S,
$72,000...
Sept.
L O A N S—
When Due. 4s, A&O, $ 1 0 0,0 0 0 .....Oct. 1, 1918 4*28, M&S, 163,000...Sept. 1,1903
1,1903 Total tax (per $1,000) ’ 97 $32*79
4s, A&O,
30,000.......Oct. 1,1919
I mprovement B ondsPopulation in i892 w as.......3,428
Total
debt
Aug.
1,
1897..$235,000
Total debt Mar. 1896.......$180,000
48, M&N. $9,658..........1899-1908
Int. pay. at 1st Nat. Bk. Sing Sing. Assessed valuation, real.$619,803 Population in 1890 was.......3,462
W ater B ondsINTEREST is paid at the Fourth National Bank of New York.
48, A&O, $18,000........ Oct. 1,1899 Tax valuation 1895---- $1,926,552
($2,000 due yearly) to Oct. 1,1907 Population in 1890 was.......9,352
4s, A&O, $30,000........ Oct. 1,1908 Population in 1898 w a s.. . . 8,160 T I C O N D E R O G A .- D . C. B asoom, Supervisor.
($3,000 due yearly) to Oct. 1,1917
This village is in Essex County.
LO A N S —
When Due. Total valuation l fi98.......$746,610
Tax rate (per $1,000) 1898.$36*40
S M Y R N A . — W. E. Stover, Supervisor.
Water B onds—
4s.......... $70,000........ 1898 to 1922 Village population 1890........2,267
This town is in Chenango County.
Bonded debt Aug. 1, ’98.. $70,000 Village population 1897 (est.)3,5DO
When Due. Assess’d valuation, pers'l . $56,170 Assessed valuation, real.. 674,510 Town population 1890..........3,980
LO A N S—
Total valuation 1897....... 623,600 Assessed valuation, pers’l 72,lo0 Town population 1897 (est.) 5,025
R efunding B onds—
Assess, supposed to be full value.
4s, J&J, $45,900........ part yearly.
Total debt Mar. 1,1898— $45,900 Tax rate (per $1,000) ’97. $19*20
T O N A W A N D A .—This village is in Tonawanda Town,
Population in 1892 w as.......1,356
Bonds are tax exempt.
Assessed valuation, real. $567,430 Population in 1890 was.......1,396
Erie County.
debt (last returns). $479,556
I N T E R E S T is payable at Chenango National Bank, Norwich, N. Y
V IL L A G E L O A N S - When Due. Total
Tax valuation 1896.........4,877,907
Sew er B onds—
4s, J&J, $126,000...July 1,1902-9 Assessment is actual value.
Population 1890 was.............. 7,145
S O D U S . — L ew is H. Clark , Supervisor.
Water B onds—
4s, J&J, $150,000...July 1,1912 Population 1897 (estimated) 10,000
This town is in Wayne County.
5s, J&J, 65,000... July 1,1914 Town debt 1893............... $39,260
Town valuation 1893___ 8,264,118
LO A N S—
When Due. Sinking fund assets.......... $73,926
Bonds—
Net debt Jan. 1 ,1 8 9 8 .... $102,673 6s,Street
Sodus P oint & So. RR.
J&J, $50,000..July 1, ’99-1903 Town tax (per $1,000) 1894. .21.36
7s, M&S, $74,600, Sept. 1 ....1 9 0 0 Assessed valuation, real. 1,959,865
, Town population 1890...........7,636
Assessed valuation, pers’l..290,415
R ome W atert ’ n & Ogd . RR.—
I N T E R E S T is payable at the Seaboard Bank, New York City
5s, F&A, $90,000 Feb. 1 ....1 9 0 2 Total valuation 1897___2,250,280
($10,000 due yearly) to 1910 Assessment said to be full value.
T o n a w a n d a U n io n F ree School D istrict N o. 3.
5s, F&A, $12,000 Feb. 1---- 1911 Total tax (per $1,000) ’97.. $12*87
-E. G Riesterer , Treasurer.
Interest is payable in N. Y. City. Popula ion in 1898 (est.)---- 5,000
Total debt Jan. 1,1898. . .$176,600 Population in 1890 w a s ___5,157
When Due. Assessed valuat’n, real.$4,180,00 O
The sinking fund receives about $5,000 yearly.
L O A N S - __
Assessed valua’n, pers’l
422,500
4s, 1893, $30,000
4,602,500
4s, 1897, 42,000........ ................. Total valuation 1896.
S P R I N G V I L L E .— I ra W. Smith , Clerk.
4s, 1897, 1 2,000................ .......... Assessment 23 actual value.
Total debt Mar. 1,1898... $84.000 Population in 1897.................7,580
This village is in Erie County.
W ater B ondsLO A N S —
When Due.
5 FRANCIS J. MOLLOY, Mayor.
School bonds........................ $4,000 48, $28,000............................... 1927
I n U I .— (JAMES W. COFFEY, Comptroller.
Total debt Feb. 1,1898....$57,500
E lectric L ight Bonds—
Assessed
valuation
1897..804,325
. . . . . . . . . , $9,000..............................
Troy is situated in Rensselaer County.
4s, J&J, 16,500 ..........1903-1927 City tax (per $1,000) 1897.. $5*68
LO A N S—
— Interest.— . ,----------- Principal.---------- >
Population 1898 (est.)..........2,062
($660 yearly on Jan. 1)
N
AM
E AND PU RPO SE.
Rate. Payable.
When Due.
Outstand'g^
4s, J&J, $4,850..........1903 to 1927 Population 1890...................... 1,883
Bonds
(funding)__
.
.
.
.
0
4
J & D Jne2,’99to’ 1904
bl4 0 ,00 0
($194 due yearly on July 1.)
Maturing $20,000 or $25,000 each year,
do
do
r 3Hs F & A
Aug. 12,1899
20,000
___ ■
c JAMES K. MCGUIRE, Mayor.
do
do
r 3*a F & A
Aug. 12,1900
2,000
S Y R A C U S E . — < M. Z. HAVEN, City Clerk.
( E. F. ALLEN, City Treasurer.
do
do
r 3>i F & A [ ^ y y9e S y0 7 |
30,000
Syracuse is situated in Onondaga County.
do
do
1887 r 3 ^ J & J
July 14,1907
clO.OOO
-Principal.
LO A N S—
-— Interest.— .
City hall bonds
1876c 6
J & J July 1 ,’99-1901
9,000
NAME AND PURPOSE.
Rate.
Payable. When Due. Outstand'g.
Maturing $3,000 each year.
Railroad aid bonds—
bonds...................1894 3*2 M & N
May 1,1909
a3,000
J & J Jan. 1, 1900 $500,000 Park
Syracuse & Chenango RR— 7
do
........... ...1 89 4 3 ^ A & O
Oct. 1,1910
' a5,000
500.000
J & J Jan. 1, 1900
Syracuse Northern RR....... 7
do
..................1895
3*2
J
&
D
June
1,1911
4,000
100.000
Collegiate bonds........................ 7 J & D Dec. 1. 1926
do
..................1895 3^3 J & D June 1, 1912-’ 13
2,000
65.000
M & N May 15,1899
Local improvem’t bonds. 1895 4
do
..................
1895
3*2
J
&
D
June
1
,1914
4,000
30.000
A & O Oct. 1, 1899
do
1895
do
T , ^ 5 Dec.l5,’98-1900i
Public
building,.......1884
r
4
M
&
8
{
^$10,000^early5
^
bllO.OOO
1896
do
do
j <s u ^ $80,000 yearly, j 240.000
do
do
r 4
M & S
Sept.20,1910’
bl5,00O
M
8 ept.l,’9 9 to ’01 <
do
do
1886 r 4
M&N
Nov. 20,1911
d l l , 500
1897 4
do
do
M
® ( $25,000 yearly. 1 75.000
do
do
..1893 4
A& O
Oct. 16, 1904
8,000
„ » . IF e b .l,1 8 9 9 -’02; 132.000
do
do
..1893 4
A & O Oct. 1 6 ,’05 t o ’08
40,000
do
1898
do
* & A ( $33,000 yearly, j
($10,000
due
yearly.)
20.000
do
1898
do
Temporary loans (advances to contractors)........... ................. 164,500
do
do
..1895 3 ^ F & A ^
J
^
24,000
Refunding bonds.............1894
do
do
..1895 3*2 F & A
Aug. 1, 1908
10,000
do
do
1889r 3
A& O
Oct. 19,1899
20,000
F & A Feb. 1, 1904
28,500
do
do .............1894
.
.
q
a At n $ Oct. 19,1900—’0 2 )
q aaa ,
t A- t 5 July l , ’9-t-1900 i 4 0 0 OO
do
do
r
3
A
&
0
£
$6,000
yearly.
5
18,000
School bonds..... .............. .
J
J ) $20,000 yearly 5 4U,UUU
do
do
1891. 3
F& A
Feb. 17, 1901
2,600
T O T» > DeO. 15, ’98-’06 l A* nnn
do ..................... 1896 4
do
do
1891. 3
J& D
June 1, 1910
6,000
do
J & D \ $5,000 yearly. 5 45’000
do
do
1 8 9 1 .3
J& D
June 1. 1911
6,000
J & J |; $20,000 yearly 1
do
1900-1908
55,500do
; 100.000 High sohool siteb’ ds. 1898. 3»j M & N

LOANS—
’ /— Interest.— ,
-----------Principal.----------NAME AND PURPOSE.
P. Ct. Payable.
When Due. Outstand'g,
Water.......... - ...............1896 4
J & J
July 15,1916
$30,000
do ...........................1886 3
M&N
Nov. 1, 1902
3,000
do ...........................1886 3
M&N
Nov. 1, 1903
4,000
do ........................... 1889 3
F &A
Feb. 1, 1907
13,000
F &A
Feb. 1, 1908
15,000
do ........................... 1889 3
do ...........................1889 3
F &A
Feb. 1, 1909
15,000
do ........................... 1886 3
M& N
Nov. 1, 1916
10,000
J& D
June, 1917*1918
32,000
do .......................... 1898 4
Promissory notes.......1898 4s May 14 { $^25126*yrty |
9,005




, * MiS&WSS&k w«»

56

STATE AUB CITY SUfplEWTEWT,
LO ANS-

NAME AND PURPOSE.

---------- Principal.-----------When Due. Outstanding
$15,000
Oct. 16,1912
40.000
Oct, 16,1913
40.000
Oct. 16,1914
15.000
Dec. 1, 1910
20.000
Dec. 1, 1911
30.000
Deo. 1, 1912
70.000
5.000
Dec. 15,1912
60.000
F & A 5 ^ 0 0 0 ySarÎjÎ \
10,000
Jan. 10,1913
8.000
Jan. 10,1914
25.000
Aug. 1, 1915
F&A
10.000
M&S
Sept. 1, 1900
10,000
M& S
Sept. 1, 1901
20,000
Sept. 1, 1902
M& S
20,000
Sept. 1, 1903
M& S
16,u00
Sept. 1, 1904
M&
T
Tk 5 Deo. l,1905-’08 >
J “
-u I $10,000 yearly > 40.000
10.000
J & D June 15,1908
10,000
J & D June 15,1905
10,000
J & D June 15,1906
, 8,000
J & D Deo. 1, 1909
750
J & D Dec. 1, 1909
10,000
M & S Sept, 1, 1908
20,000
M & S Sept. 1. 1909
T Jtr 7 . 5 ® 60* 1» 1 9 1 5 -’1 6 )
48.000
J & D ^ $24,000 yearly. 5
23,500
J & D
Dec. 15,1916
M & N ^ ^ J ' qOO yearly!4 £ 25.000

>— Interest.—
Rate. Payable.
A & O
1893. 4
A & O
1 8 9 3 .4
A & O
1891. 3*2 J & D
1891. 3ia J & D
1891. 3*2 J & D
1892. 3*2 J & D
1892. 3ia J & D

PublicImprovem’nt, 1893. 4

do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1894. Sia
do
do
1895. 3*2
do
do
3 895. 313
do
do
1895. 3*2
do
do
1890. 3
do
do
3
do
do
3
do
do
3
do
do
o
do
do
......... "
do
1891. 3
do
do
1891. 3
do
1891.
3
do
do
do
1890.
3
do
do
1890. 3
do
do
1891. 3
do
do
1891.
3
do
do
do
1896. q u
do
do
1897. 3*2
Rensselaer St. Imp. .1895 3*2
Water Works B onds :—
M & N M a yl,’00tol902
a20,000
Issue of May 1 ,1879....... o*
Maturing $10,000 each even year.
d l 5.000
do
Aug. 1.1879.0* 4*2 F & A Aug. 1.’ 01-1904
Maturing $7,500 every third year from 1901 to 1904.
do
do
0* 4*2 F & A Aug. 1,1907—’19
40,000
Maturing $8,000 every third year from 1907 to 1919
do
April 1 ,1 88 0 .c* 3*2 A & O
Apr. 1,1899
b5,000
Apr. 1, 1900
do
do
0* 3»* A & O
blO.OOO
do
do
0* 3*2 A & O
Apr. 1, 1901
blO.OOO
1’99 to 1900
do
.August 1,1881.0* 3*2 F & A - i( Aug.
$5,000 yearly. 1 blO.OOO
¡May
11910
t o ’ 19 £ b50,000
do
May, 1883.C.* 3*2 M & N] [ $5,000 yearly.
do
J& D
June 2 ,1 88 4 .r 4
June 1, 19013
c5,000
do
do
r 4
J& D
June 1, 1904
c5,000
do
J & D June 1 ,1905-’09
do
r 4
c 40,000
Maturing $10,000 yearly, omitting 1907.
do o f Novem. 2,1885 r 3*2 M & N
Nov. 1, 1911
a5,000
do
do
r 3*2 M & N
Nov. 1, 1912
a5,000
do
do
r 3*2 M & N
Nov. 1, 1914
a7,500
do
do
r 3*2 M & N
Nov. 1, 1915
a7,500
do
do
r 3*2 M & N
Nov. 1, 1917
a l , 000
do o f Feb., 1896.......... 3*2 F & A
Feb. 1, 1903
5,000
do
do
Feb. 1, 1907
3*2 F & A
5,000
a Bonds for $1,000 eaob. b Bonds for $5,000 each, c Bonds for
$10.000 eaob. d Bonds for $500, etc. y Bonds for $1,000 and $10,000
INTEREST is paid at office of City Chamberlain.

T O T A L DEBT, S IN K IN G FUND, E t c —
Mob. 1, ’98. Mob. 1,’97. Mob. 1 ,’96. Mob. 1, ’95Total municipal debt.$1,172,265 $1,193,265 $1,213,265 $1,178,266
Sink, funds, cash, etc.
66,489
71,385
68,957
65,516
Net municipal debt... $1,105,776 $1,121,880 $1,144,308 $1,112,750
Water debt additional
273,500
283,500
303,500
311,000
Sinking funds, etc..
51,268
42,194
43,406
42,463
Net water debt........... $222,232
$241,306
$260,094
268,537
W A T E R BONDS.— The interest and principal of the water works
bonds are provided for by tbe Water Commissioners from water rents.
A S S E S S E D VA LU A T IO N . —The city’ s assessed valuation and tax
rate have been as follows, property being assessed at about full value.
-Assessed Valuation. ------------ Rate o f Tax
Years.
Real.
Personal.
Total.
per $1.000.
1898..................... $42,494,633 $5,282,425
$47,777,058
$17-26
5,368,077
1897....................... 42,411,511
47,779,588
171896..................... 42,535,685
5,133,025
47,668,710
19-48
1895..................... 42,566,736
5,392,051
47,958,787
19-86
1890..................... 41,851,392
5,198,587
47,049,979
18-45
1888..................... 42,454,445
5,598,427
48,052,872
17-20
The tax rate for 1897 includes State and county tax $5-76 and citv
tax $11-50.
3
- POPULATION.—In 1892 population was 64,986; in 1890 it was
60,956; in 1880 it was 56,747; in 1898 estimated 67,000.

T R U X T O N . - a town in Cortland County.
LQ A N S —
When Due. Assessed valuation, real.$391,775
N. Y. & Os. Mid . RR. B onds—
Assessed valuation,pers’l 34,175
4s. J&J, $112,200__ July 15, 1912 Total valuation 1897....... 425,950
Subject to call after July 15,1902 Assessment about 3* actual value.
T own B onds—
Total tax (per $1,000) 1897.$24-33
4s, J&J, $2,000.......July 15,1899 Population in 1892 w as........ 1,265
Bonded debt(lastreturns)$123,400 Population in 1890 w as........ 1.328
IN T E R E S T on the railroad bonds is payable at the First National
Bank of Cortland; on other bonds at tbe Cortland Savings Bank.

LOANS—
When Due.
B ridge B onds—
4 s , ...... $ 8 ,0 0 0 ......1 8 9 8 and 1899
48......... 5,000...............1898-1902

Vol. LXV II
B ridge B onds—(C on)
4 s , .......$4,000............Nov., ’ 99-’02
L ocal A ssessments—
4 s , ........ $96,685... part yearly.
Total debt Sept. 1,1898..$519.593

4s..........10.000................. 1898-1907
Utica holds against its railroad bonds an equal amount of railroad
took, which returns dividends of 5 per cent.
INTER EST is payable in Utica at the City National Bank.
DEBT LI M ITATION.—The city is restricted by law to the issuance
o f temporary loan bonds in anticipation of city tax.
ASSESSED V A L U A T I O N . — Assessment about full value in 1897;
previously about 70 per cent.

Real
Years.
Estate.
1897...................$32,014,624
1896.................. 16,437,262
1895.................. 16,548,046
1890.................. 16,461,052
1880.................. 16,998,760

Personal
Property

Total Assessed Rate o f Tax
Valuation, per $1,000.

........
$40,657,022
$8,642.398
2.613,826
19,051,088
$22-02
19.178.309
........
2,630,263
2,330,606
18,791,658
27-23
19,475,560
........
2,476,800
POPULATION.—In 1892 population was 46,608; in 1890 it was
44,001; in 1880 it was 33,914; in 1870 it was 28,804. Population
1898 (estimated), 58,500.

W A L T O N . — H . S. S ewell , Supervisor.
This town is in Delaware County.
LO A N S —
When Due. Assessed valuat’n, real.$1,550.829
RR. A id B onds (reg.)—
Assessed valuat’ n.per'l.
430,750
4s, F&A, $90,000........Feb. 1,1899 Total valuation 1 hv*7 ... 1,981,579
$11-72
($6,000 due yearly) to Feb. 1,1913 Total tax (per M.) 1897..
3*28, F& A,$30,0 0 0 ....Feb. 1,1909 Population in 1890 was........ 4,543
($6,000 due yearly) to Feb. 1,1913 Population in 1880 was........ 3,544
Total debt Jan. 1 ,1 8 9 8 .. $126,000
The four per cents are payable to the Union Dime Savings Bank, N.Y

W alton School D istrict . -AL BERT D. PEAKE, President Board o f Education
LO ANS—
When Due. Total debt July 1.1898. $32,000
B uilding B ondsAss’d valuation, real......1 / 00,000
48, J&J, $22,000...... July l , ’99-’02 Assessed val’n, personal. 150,000
R efunding B onds—
Total valuation 1 8 9 8 ___1,150,000
4s, J&J, $10,000........July 1,1914 Assessment abt. 40% actual value.
($2,000 due yearly) to July 1,1918. Population in 1897 (est’ d.) 3,900
Six thousand dollars of the building bonds matures in 1899 and
1900 and $5,000 each year in 1901 and 1902.
IN T E R E S T is payable at the Chase National Bank, New York City
<WM. E. WEBSTER, Mayor.

W A R S A W .- ■( FRED. LESTER, Treasurer.

The town of Warsaw, containin; the village of the same name, is
situated in the county of Wyoming
LO ANS—
When Due. Village debt Sept. 1,’98. $75,000
R ailroad A id L oan—
Tax valuation, real....... 1,678,665
3*28, J&J, $84,000...... July 1,1902 Taxvaluation, personal.
294,000
(Subject to call.)
Total valuation 1897... 1,972,665
V illage Water B onds—
Assessment about 4-5 actual value.
4s, J&J, $75,000........ 1910 to 1925 Total tax (per $1,000)............ $8*71
$15,000 in 1910, 1915 and 1925, Population in 1890 w as.........4,468
$30,000 in 1920.
Population in 1892 was.........4,811
Town debt Sept. 1 ,’98. . $84,000 Population in 1896 w as.........4,443
T A X FREE-— Railroad bonds exempt by statute from any taxation.
IN T E R E S T on the railroad bonds is payable at the Union Trust Co.
New York, and on the water bonds at Dime Savings Bank, New York

W A T E R T O W N . — 0 L. Parmelee , ClPberlain.
This city is in Jefferson County.
L O A N S—
When Due.
Water B onds—
City B onds—
7s. M&S, $50,000..... Part yearly
4s, $25.000................... 1»98-1904 5s, M&S, 45,000......Part yearly
4s,
6,574....................1898-1900 4s, M&S, 85,000......Part yearly
3%s, 40,000.................. 1905 1914 3*28, MAS, 15,000......Part yearly
4s,
13,000....................1907-1919 3s, M&S. 40,000......Part yearly
4s. 4 7,000....................1U15-1925 Total debt Mar. 20,1898..$531,574
City H all, 1896—
Water debt (included)... 235,000
4 s ,.......$40,000..........1926 to 1930 Assessed valuation. real 7,111,000
($8,000 due yearly.)
Ass’d valuation, pers’l.. 2,215,000
F unding B onds—
Total valuation 1897... 9,326.000
3*28 . . . . $125,000.Feb. 1 , 1900-’24 Assessment about % actual value.
($5,000 yearly.)
Population 1898 (local est.).22.000
Population in 1890 was.......14,725
26
IN T E R E S T is payable at American Exchange National Bank of
New York City, or in Watertown.

W A T E R V L I E T . — J as . H . B oylan d , Chamb’ n.
This city is in Albany County.
LO AN S —
When Dite.
» P avement B onds48, A&O, $272,000. ..1898 to 1914
(Part due yearly on Oct. 1.)
Sewer B onds—
4s, M&S, $74,000.......1898 to 1906
(Part due yearly on Sept. 1.)
School Bonds—
4s, J&D, $53,000
June, 1899
($5,000 due y ’ly) to June, 1908.

E lectric L ight B onds—
4s,
, $12,000........ July 1, 1899
($4,000 due y ’rly) to July 1.1901
Bonded debt Aug. 1 ,’98 $411,000
City has no floating debt.
Tax valuation, real....... 4,447,006
Tax valuation, personal
141,000
Total valuation 1898... 4,588,006
Assessment about actual value.
Total tax (per $1,000) ’ 98..$¿0-40
Population in 1890 was.......12,967
Population in 1898 (est.). ..15,000

a $1,000 each.
INTEREST is payable at City Chamberlain’s office.

U L STE R

C O .— County seat is Kingston

LO A N S —
When Due. Bonded debt Nov.1,’ 97 $733,220
Court H ouse B onds, 1895, (ref.) Assessed valuat’D, real 27,242,282
4s, M&S, $69,000.......... 1899-1920 Assessed val’n, pers’l. 3,125,77.1
($3,000 due yearly on Mar. 1.)
Total valuation 1897.. 30,368,055
4s, M & S , $72,000.... Mar. 1,1899 Population in 1898 (est’d)..88,000
($3,000 due yearly) to Mar. 1,1922 Population in 1890 was.......87,062
4s. M&S, $32,000.......Mar. 1,1923 Population in 1880 was__ -.85,838
County Bonds—
4s, M&S, $75,000.......Mar.. ’ 99-’ 23
($3,000 yearly)
T A X FREE—The court bouse bonds are exempt from taxation.
T T 'T T f'* A
?T . E. KINNEY, Mayor.
UnJ :
JOHN A. CANTWELL, City Clerk,
This city is in Oneida County.
LO A N S —
When Due.
R ailroad A id B onds—
A cademy and School B onds, 7 s ,........ $200,000.. .July 1,1901
1896—
4s, ann., 32,406........... 1899-1904
4s......... $153,000___1897 to 1916
(*6 annually.)
4 s ,. . . . .
4,670..1898 and 1899
P ublic I mprovement —
4 s ,. . . . .
20,000........ 1899-1900
4=8,........ $157,266... part yearly.




W A W A R S I N G . — 0 . B. Seam an , Supervisor.
Wawarsing is a township of Ulster County in which the village of
EUenville is situated.

LO A N S—
When Due.
School B onds—
Town Debt.
$2,500
R ailroad A id L oan—
i Town debt Au«. 10. ’ 97.’. ’$*160,261
3*28, F&A, $150,000......’98 to ’ 10 j Village debt Aug 1 .’ 97..
16,000
B ridge B onds—
Assessed val’tion, real... 1,585,865
.................. $10,261....................... Assessed val’tion, pers’l.. 207,093
Village Debt.
Total valuation 1897___1,792,958
. W ater L oan—
Assessment about % actual value.
3^28,M&N, $13,500...Nov. 1, 1907 Total tax (per $1,000) ’97 $48-64 -)Subject to call after Nov. 1,1892
IN T E R E S T on town bonds is payable at the Home Bank of Ellenville.
P O P U L A T IO N — The population in 1892 of town and village was
7,866; in 1890 it was 7.758; in 1880 it was 8,547; in 1870 it was
8,151. Population of village in 1890 was 2,881; in 1897 (est.), 3,000.

W E S T C H E S T E R . —West

Chester Town was annexed
to New York City, which see for present debt.

October, 1898.
W E S T C H E S T E R C O . — F rancis M. Carpen ­
ter , Treasurer.—County seat is White Plains.

57
Assessed PopulaTotal InterDebt. est. Maturity. Valuation. tion m
1890.
$
$

Arverne-by-the-Sea(Village),
’ 15-’ 27
.’ l66,000 5
Queens C o ...........................166,000
1,373,031 3,002
Attica (Town), Wyoming Co.1. 28,700 4&5
765
316,850
1902
Bradford <T.), Steuben C o.... 14,000 7
1915 3,828,060 8.229
Canandaigua( V.),OntarioCo.».130,000
130,000 4
Cattaraugus (Village), Cat­
878
1914
taraugus Co.........................f 22,000 4
1,275
’ 22-’26
Champlain (V.L Clinton Co... 20,000 4*a
Chautauqua (Town), Chau­
’99-’02 2,021,020 3,259
20,000
tauqua Co............................. 20,000
Cherry Creek (Town), Chau
472,596 1,481
4
’ 09 ’ 27
tauqua Co...................... . 49,000
49,000
651,820 1,046
Clifton Spgs (V.),Ontario Co.1. 50,000 4
1916
. 20 000 4
’99-’02 7,460,790 46.437
Clinton County...........
’ 99-’01 2,843,455 9,500
Clinton County...................... 15,000
15,000 7
Covert (Town), Seneca Co.... 50,000 7
1901 1,409,345 1,963
573,124 1,151
Covington (T.),Wyoming Co,1. 12,000 4*9
300,000 *2,998
.
13,500
3*2
1907
Ellenville
(V.),
Ulster
C
o
....
W
H I T E H AA 1T_T, U
5 E- C. PRATT. Mayor.
Enfield (T.), Tompkins C o.... 16,800 7
1901
583,646 1,363
vv n i 1
(A . R. STEVENS, Clerk.
Franklinville (Village), Ca1This village is in the town of Whitehall and in Washington County.
taraugus Co.......................... 32,000 4
’98-’ 10
1,021
LO A N S —
When Due. Sinking fund, etc............... $2,000 Freeport (V.), Queens Co— . 55.750 5
’ 99-’19
Net debt Apr. 1,1898........ 73.379 Gainesville(T.),Wyoming Co.». »6,000 4*2
R efunding W ater B onds—
2,166
1,067,278
Tax valuation, real........... 684,740
3*28......... $24,000. May 1,1899-22
.230.000 4
’ 16&’ 26 5,850,010 7,557
(City), Ontario C o ..230.000
Tax valuation, personal.... 199,230 Geneva
($1,000 due yearly on May 1.)
Geneva (Town), Ontario Co..
.. 31,303 7
’98-’0 l
8,877
Total
valuation
1
8
9
7
...__
882,970
W ater B onds—
Geneva Classical School Dis­
4s, A&O, $ 2 5 ,0 0 0 ....Apr. 15,1904 Assessment about 3k actual value.
’ 99-’09
trict, Ontario Co................ . 35,500 4&5
4s. A&O, 2 5 ,0 0 0 ....Apr. 1,1914 Total tax (per $1,000).......... $47*50 Gowanda(V),Cattaraugus g 0 18,000 4
Bonded debt Apr. 1,1898.$72,000 Population in 1890 w as.........4,434 Greene (T.),Chenango Co. 198,700 7
......... 1,652,780 3,164
Floating d e b t..................... 3,379 Population in 1880 was.........4,270 Greenburg (Town), West­
Total debt Apr. 1 ,1 8 9 8 .... 75,379 Population 1898 (estimated).4,577
chester Co.............................167,000
167,0(K)
11,613
INTEREST i* payable at the Fourth National Bank, New York.
1928
Groton (V.),Tompkins C o.... 26,600 3*s
1,280
1900 1,467,140 3,572
Groton (T.), Tompkins C o.... 15,009 7
1,171,183 2,236
Guilford (T.), Chenango Co.. 27,000 4
W H I T E P L A I N S .— H oward E. F oster, Treas. Hastings (T.), Oswego C o .... 43,000 3*2-4
823,150 2,364
This village is in Westchester County.
1,399,540 2,651
Hounsfield (T.), Jefferson Co. 41,000
L O A N S—
When Due. Total debt Sept. 1,1898. $530,000 Irvington (Village), West­
’ 99.’07 3,057,434 2,999
chester C o............................ 32,400 4
W ater Bo ^ds—
Tax valuation 1898— .11,000,000
’ 99-’ 28 2,063,000 *2,290
4s, F&A, $130,000, Aug. 1,1914-28 Population 1898 (estimated) .9,000 Islip 8. D. No. 1, Suffolk Co 30.000 4
______
4
12,000
1908
Ithaca 8. D., Tompkins Co.
<$4,000 in 1914 & $9,000 yearly to
............14,441
.494.000 4
’98-’ 19
Jamaica (Town),Queens Co.494.000
Aug. 1, 1928.)
5,361
910.000 4
1918
Jamaica (V.), Queens Co
’99-’02 36,963,349 68,806
20,000 4
Jefferson County.............
W I L L I A M S B R I D G E . —This village was in Westches­ Keeseville (V.), Clinton Co.. 17,000 5
2,103
’»8-’ 14
1,572,342 2,577
ter County, but was annexed to New York City, which see for present Lewiston (T.). Niagara C o... 188,000 4*a&5
353,650
700
Liberty (V.)'. Sullivan Co — 32,500
debt.
Little Valley (Village), Cat­
’07-’ 16
698
taraugus C o.......................... 20,500 4
Y A T E S .—This town is in Orleans County.
’00-’05 26.348,000 :37,801
Livingston County............... 30.000 4*s
1900 2,776,310 5,453
100,000 7
LO A N S —
When Due. I Ass’ d valuation, pers’l... $56,720 Manlius (T.), Onondaga C o...100,000
851,047 1,781
R ailroad -A id B onds—
Total valuation 1897....1,058,250 Middlebury(T.),WyomingCo.. 20,000 4*4
1002
2,455
Naples (Town), Ontario Co... 50,000 7
5s, Apr. 1, $64,000...April 1,1899 Assessment is 9-10 actual value.
355,280
1,266
.
24.000
4
1915
($4,000due yearly) to April 1,1914 |Total tax (per $1,000) ’97. ..$12*44 Naples (V.), Ontario C o___
1,076,935 2,427
Total debt Apr. 1, 18«8___$64,000 i Population in 1892 w as.........1,995 New Berlin (T.) .ChenangoCo. 54.500 4
’99-’23
1,340,173
3,170
Assessed valuation, real. 1,001,530 |Population in 1890 w as— ..1,969 Newfane (T.), Niagara Co.. 73,000 5
1901 1,021,380 2,214
Newfleld (T.j, Tompkins Co 45,800 7
............17,549
’98-’27
Newtown (T.), Queens Co.l, 021,000 4-5-6
¡LESLIE SUTHERLAND, Mayor.
North
Olean
(Village),
Cat­
Y O N K E R S , ; JOHN H. KEELER, Deputy Clerk.
’99-’ 15
taraugus Co........................ 17,000 5
’99-’01 2,827,205 6,524
Norwich (T.), Chenango Co 30,000 4
Yonkers is in Westchester County.
LOANS—
When Due. Olean (City), School District
LO ANSWhen Due.
’98-’ 15
!
No.
1,
Cattaraugus
Co........
59,675
4*2
............
Public B uild ’ g & D ock —(Con.)
A ssessment Bonds—
Olean (Town), School Dist.
4s, ... ..,$ 1 4 9 .0 0 0 .....Feb. 1,1899 4 s ,.......*100,000....1902 to 1911
’98-’
15
*
No.
1,
Cattaraugus
Co........
14,825
4*2
($10,000 due yearly.)
34,000.. ..Feb. 1,1900
4s, .. . ..,
’ 99-’ l l 1,622,651 7,700
OneontaS.D.No.5,Otsego Co., 24,000 4
2 -,0 0 0 ...................1901 1 R edemption B onds—
4s, .. . ..,
............ 48,453
’ 99-’01
............. .. 15,000 4
48, ... .., 55.000.. ..Feb. 1, 1901 4s, .. ..,$ 2 5 ,0 0 0 ... ....F eb . 1,1899 Ontario County
449,615 1,284
61,900
4
Otselic
(T.),Chenango
C
o...
...F
eb
.
1,
1900
..,
5
0
,0
0
0
...
4s,
..
Consolidation B onds9,008
5,110,285
’99-’06
.
52,000
4
78, A&O, $60,000........Apr. 1,1899 4s, .. ... 6 0 ,0 0 0 ... ...F eb . 1, 1901 Owego (Town), Tioga Co___
407,406 1,770
Parish (Town), Oswego Co... 24,000 3*2
School B uilding—
($30,000 due y’rly) to Apr. 1,1900
2<
,0
O
2,575,100
2,600
1900-’09
4
7s, A&O, $70,000 ...A p r. 1,1901-2 3*28, A&O, $175,000.Apr. ’99-1976 Patohogue (V.). Suffolk Co
19-00 1,730,595 2,928
Perry (Town), Wyoming Co.. 69,900 7
($5,**00 due yearly on Apr. 1.)
Crematory B onds5,086
’98-’ 17
48, A&O, $6,500........... 1899-1905 4s......... $210,500.A pr.l,l«13to’ 55 Phelps (Town),Ontario Co... 33,500 4&7
Philadelphia
(Town),
Jeffer­
($1,000 due yearly on Apr. 1.) 3*28, A&O. 28,500.............. 1913-81
1,182,590 1,662
son Co................................... 25,000 7
Street I mprovementD eficiency B onds’ 99-’01 2,343,455 9,500
48, .......$20,000.Mar. I ,’9 9 tol9 0 0 48......... . $30,000........... 1899-1901 Plattsburgh (T ),Clinton Co ■ 15,000 7
Randolph (Village), Catta­
($10,000 due yearly.)
F ire D epartment —
1,201
’00-’20
.
5
raugus
Co............................
20,000
T a x R elief 4s, A&O, $15,000.Apr. 1, ’99 to ’01
48......... $200,000........May 1, 1899 Ridgeway and Shelby School
Paving B onds—
6
’99-’
17
.
19,000
Dist.
No.
12,
Orleans
Co...
...
4s, . . . . , $41,764..Mar, 1, ’ 99 to ’05 4s......... 1 5 0 ,0 0 0 .....May 1, 1900
Ridgeway and Shelby School
Water W orks—
4s......... 80,000..Mar. 1, ’9» to ’ 06
’98-’ 16
Dist. No. 12, Orleans Co. . 19,000 6
4 s , __ , 262,558..Apr. 1 .’99 t o ’ 25 7s, .., $625,000.Apr. 1,1 90 3 t o ’ 14
1,786,548 3,771
Richland (T.), Oswego C o .... 54,000 3*2
5
s
,..,
30,000.Apr.
1,1909
to
’
12
P ublic B ath B onds—
4 s , ........ $20,000.1900,’0 5 ,’ 10,’ 15 4 s ,.., 750,000.Apr. 1 ,1 91 2 to ’ 22 Riohmond Hill (Village),
4
’
16-’81
!
335,000
Queens
Co............................335,000
.... 626
3*28, .., 20,000..........Apr. 1,1917
<$5,000 each payment.)
Richmond ville (V.), Scho­
N orth B roadw ay B osds —
P ublic B uilding and D ock663
.
harie
Co...............................
28,000
3*2
....
4s, A&O. $25,000. Apr. 1, ’ 99-1903
Os, A&O, $5,000. ..Apr. 1,1899
Rookaway Beach (Village),
($5,000 each year.)
4s, A&O, 11,200. ..Apr. 1,1900-2
1,502
’02-’ 20
Queens C o.............................’ 57,000 5
PAR V A L U E OF BO NDS.— TI 3 consolidation and water bonds Rockville Centre (Village),
are for $1,000 each.
’99 ’ 25
Queens Co......................... ’. 31.500 4
’09-’ 12
1,856
INTEREST is paid at City Treasury.
Rouses Pt. (V ), Clinton Co. . 38,BOO 4
4
’99-’09
998,390 1,798
11,600
Rutland
(T.),
Jefferson
Co
BONDED DEBT, Et c —The bonded debt of the city on July 1,1898,
was $3.253,522, sinking fund assets, *238,000; net debt, $3,015,522. Salamanca (Town),Cattarau
’98-’08 1,156,105 4,572
gus Co..................................' 22,000 5
Tax relief bond raised by taxation, $350,000.
415,000
768
’ 22&’26
Saranac Lake, Franklin Co. 40,000 5
C ITY PRO PERTY . —The city owns its water works, which prior to Saratoga (T.), Saratoga Co . 80,000 4*e
1,461,815 3,855
December 1,1893, had cost it $1,154,417 48.
Saratoga Springs (Town),
DEBT LI MITATION.—The city’s debt is limited by law to 10 per
Saratoga Co..........................’ 75,500 4&5 ’99-’ 16 7,483,760 13,171
1,357,954 2,944
■cent of the assessed valuation of real estate.
8choharie <T.), Schoharie Co.. 16,500 4
1,386,790 3,026
ASSESSED VALUATION.—The city’ s assessed valuation has been: Schroeppel (T.), Oswego Co.. 39,000 5&7
’01-’21
Sea Cliff (V.), Queens C o ..... 52,500 5
Average
’ 98-’0?
2,690
Personal
Total Assessed Rate o f Tax Seneca (Town), Ontario < o . . 15,696 7
2,202
Years—
Real Estate.
Property.
Valuation, per $1,000. Sharon (T.), Schoharie C o... 39,000 3*4&3*a
1897......................$80,711,880 $3,155,974
$33,867,854
$22*2998 Sharon Springs (V.), Scho­
622
harie
Co...............................
36,000
3*2
1896..................... 29,545,945
334,235
29.880,180
25*3*86
960
1890..................... 22,574,226
398,240
22,972,466
17*3902 Sherburne (V.),Chenango Co. 41 000 3Q&4 Part yr’ly. 500,000
7
3,357
..
50,000
1901
2,100,119
Smithtown
(T.),
Suffolk
Co..
1880..................... 10,024,677
430,295
10,454,972
.....
1,042,604 1,962
Somerset (T.),Niagara C o.... 55,500 5
P O P U L A T IO N . —In 1892 the population was 31,419; in 1890 it was Suffolk County...........'............. 55,000
.........L 50,719,661 62,491
32J)33; in 1880 it was 18,892; in 1898 (estimated) 43,000.
1900 1,071,440 2,391
Theresa (T.), Jefferson Co. . 63,300
17,312,744 32,923
E X P L A N A T O R Y OF BONDS.—The redemption bonds were issued Tompkins County.................... 18,000 5
for purchase of lands bid in by the city* at sales of property for non­ Ulysses (T.), Tompkins Co . 54,200 7
1901 1,230,610 2,954
,590
payment of taxes and assessments, and the bonds are to be paid out of Urbana (Town), Steuben Co. 10,000 ..
1,807,500
money received for redemption of lands so purchased.
3,242,409 6,527
Volney (Town), Oswego C o.171,000 3*a-4-5
793,700 1,215
Watertown(T.),Jefferson Co.164,000 ..
’99-’ l l
362,035
889
Wayne (Town), Steuben C o.. 29,000 7
1,212,952 2,978
Wilson (Town),Niagara Co. 95,000 5
A D D IT IO N A L S T A T E M E N T S .
’99-’ 14 1,504,787 2,400
Wheatland (T.), Monroe Co.. 41,000 4
In the table below we give statistics regarding civil divisions in the vVhitestone (V.), Queens C o.217,801 ..
2,808
State o f New York whioh have an indebtedness of over $10,000, and
Queens Oo. School Dists,—
which are not represented among the foregoing detailed reports. We Flushing S. D. No. 2 ............. 26,500 5
’98-’ 16
add the population from the U. S. Census of 1890.
’ 17-’36
Flushing 8. D. No. 7 ............. 50,000 4
’99-’ 02
Total InterAssessed Popula Hempstead S. D. No. 1 ........ 10,000 4&5
’03-’ 12
Hempstead S. D. No. 15....... 19,000 5
Debt. est. Maturity. VaTalion. lion.
$
$
i8go. Hempstead S. D. No. 18....... 34,000 5
’ 13-’38
»00-’27
Angelica (T.), Allegany Co..
40,000 4
’98-’ 25
630,030 1,749 Hempstead S. D. No. 20....... 14,200 5
’97-’20
Angelica ( V ), Allegany Co
30,000 4
1927
225,006
953 Hempstead 8. D. No. 21....... 32,400 4
’ 05-’ 1»
Antwerp (T.), Jefferson C o..
15,000 3*a
’07-’ 21 1,471,550 3,095 Hempstead 8. D. No. 22....... 15,000 4*a

LO A N S —
When Due.
G eneral P urposes—(Con.)—
4s, J&D, $64,978.......June 1, 1900 3*28, .T&D, $20,000..:
19Q5
<$10,000 due y’rly) to June 1,1905 4s. J&D, 20,000...
1898
County J ail B onds 4*2S, J&D, 10,000...
1«98
4s, J&J, $30,000...........1906-1908 4s,
J&D, 25,0<>o...June 1,1911
($10,000 yearly on July 1.)
($10,000 due yearly) to June 1,’ 13
G eneral P urposes—
4s, J&D, $20,000......June 1,1915
3*658,J&D, $17,000.. .June 1,1899 Bond, debt Apr. 1, ’98
$221,000
4s, J&D,
10,000...
1899 Tax valuation, real___168,034,356
4s,
J&D, 12,0(>0...
1900 Tax valuation, p ers... 24,057,229
3*28, J&D, 25,000...
1901 Total valuation 1897.-192,091,585
3*as, J&D, 10,000...
1902 Assessment at about actual value.
3%s, J&D, 15,000...
1903 Population in 1892 'was.. .145,106
3*28, J&D, 25,000...
1904 Population in 1890 was.. .146,772
IN T E R E S T is payable by County Treasurer at White Plains.




58

CITY S U fft E l

Total Inter­
Assessed Popti
Debt. est. jMaturity. Valuation, tio
au-r"™
unit,, iswig.—( Oon.) $
$
IÜÇ
Hempstead 8. D. No. 23
.160,500 5
Hempstead S. D. No. 21
. 10,000 5
’03-’ 12
Hempstead 8. D. No. 27 ... 17.000 5
’ 17-’33
Jamaica 8. D. No. 1
.. 50,000 4*2 ’27-’76
Jamaica 8. D. No. 2
... 25,000 5
’05-’ 29
Jamaica S. D. No. 3
.. 14,000 5
’04-’ 14
Jamaica 8. D. No. 4 .
.110,000 4 feo
’0<»-’ 49
Jamaica 8. D. No. ft. ""
. 10.000 4
’ 99-’08
Jamaica S. D. No. 7.
305,816 4&5
Jamaica 8. D. No. 8 ..”
.117,500 4&5
’98-’54
Newtown 8. D. No. i
. 53,000 4
’0 l-’ 27
Newtown S. D. No. 2 ...
. 38.500 5
’99-’ 18
Newtown S. D. No. 3 ...
. 19,050 5
1917
Newtown 8. D. No. 4 . . .
. 11.200 5
’99-’ 16
Newtown 8. D No. 5 ...
. 59 600 4 I3&5 ’99-’ 27
Newtown 8. D. No. 10.*
30,000 5
’01.’ 20
Newtown 8. D. No. 11..
. 10,000 6
’05 ’ 14
Newtown 8. D. No. 14..
. 1*,500 4 1a&5 ’99-’ 22
Oyster Bay 8. D. No. 5..
36,501 4&5
’ 98-’40
‘ Population estimated.

Vol. L X V II

i ®ecurity for or be directly or indirectly the owner of any stock or
bonds of any association or corporation.
. 20. No donation of land or appropriation of money shall be made
by the State or any municipal corporation to or for the use of
j any society, association or corporation whatever.
1 It will be noted that the above prohibition relates to the giving of
money, property or credit of cities, &c., to individuals, associations, or
corporations, <fec., and that the prohibition is absolute, forbidding the
doing of such acts in any form, shape or manner. There is one other
restriction of the State Constitution, and that is found in Article IV.
Section VII., paragraph 11, which forbids the Legislature passing any
special laws “ regulating the internal affairs of towns ana counties” ;
m this and in all other cases in which according to the judgment o f
the Legislature general laws are feasible, the Constitution states that
general laws must be provided.
In compliance with this last provision the Legislature has passed
many general laws covering bonded indebtedness of cities, towns, etc.
They are so numerous they cannot be cited here. We would refer the
reader to the Revised Statutes of New Jersey published in 1896 under
an act and a supplement parsed in 1894 and 1895, and to the heading
•Municipal Bonds” pages 693 to 716 both inclusive; and also to the
same heading (“ Municipal Bonds” ) in the Revised Statutes o f New
Jersey published in 1896, pages 2221, etc.

P O P U L A T IO N O F ST A T E . —Population has been as follows.
1890............. 1,444,933 11860............ 672,035 1 8 3 0 ........
320,823
1880............. 1,131,116 1850............ 489,555 1820............. 277,42ft
1 8 7 0 ........ 906,096 |1840........... 373,306 1810.............. 245,562

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
A c t. Gov,(term exp. Mon. bef. 2d Tues. Jan. ’99) F. M . Voorhees
Secretary of State (term expires Apr. 1, 1902) Geo. Wurtg
Treasurer (term expires April 2, 1900) - - George B. Swain
Comptroller (term expires April 2,1900)
- W m . S. Hancock
Legislature meets annually the second Tuesday of January,
and there is no limit to the length of the session.

T A X E X E M P T IO N .— The State of New Jersey passed in 1893
a general statute which exempts from taxation the bonds, securi­
ties and other evidences of indebtedness of municipal corp »ra­
tions; the provision covers not only the bonds, etc., to be hereafter
issued, but those as well that have been heretofore issued. It is a
sweeping statute, and one which is of decided interest to the holders of
the municipal securities of the State. We give the statute in full
below.
Chapter CCLXX (I.—A further supplement to an act entitled “ An
act concerning taxes,” approved April Fourteenth, one thousand eight
hundred and forty-six.
8
1. Be it enacted by the Senate and General Assembly o f the State of
New Jersey, That all bonds, securities, improvement certificates and
other evidence of indebtedness heretofore or hereafter issued by this
State, or by any county thereof, or by any city, town, township,
borough, school district, or other municipality of this State, shall be
exempt from taxation for any purposes.
2. And be it enacted, That this act shall take effect immediately.
Approved March 27,1893. (See Revised Statutes, page 3319.)
S A V IN G S B A N K S ’ IN 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 last general savings bank law of New Jersey was

passed in 1876. Since then the legislative tendency in the matter o f
H IS T O R Y O F D E B T .—New Jersey lias always been a conservative
»tate; there are consequently no facts out o f which to construct ahis- investments has been in the direction of allowing the management o f
t o r y o f debtissues. In a report made in 1838 the financial officer of these institutions a wider choice and a larger discretion. In 1878 the
tne state affirmed that New Jersey had put out no obligations of any limits of the 1876 law were broadened in several particulars by anew
hind or loaned its credit to any company. The Constitution of 1844 act of two sections, the first taking the place of section 26 of the act of
forbade the creating of a State debt exceeding one hundred thousand dol­
lars except for purposes of war, &c., as will more fully appear in the 1876. In 1886 still another law was passed in place of the first section
item below with respect to “ debt limitation.” This exception, under of the law of 1878. Again in 1889 an act was passed extending ma­
which it was allowable to exceed the hundred-thousand-dollar limit terially the provisions of section two of the law o f 1878, which cov­
became operative on the occasion of the breaking out o f our Civil War.
Quite a debt was created at that period and what the State now owes ered the same subject matter contained in section 29 of the original law
is the remnant o f those war issues. The details are as follows.
of 1876, and thereby section 26 of the law of 1876 was superseded by
LO ANS;— Interest.— . ,---------- Principal,---------- - the law of 1886, and section 29 was superseded by the law of 1889. In
N A M E AN D PU RPOSE.
Bate. Payable.
"
§M
When Due.
thitstand’g.
War loan.................................... 6
J & J Jan. 1, 1899 $123,000 1896 a supplement approved March 30,1896 (Chapter 139, laws of
do
.................................... 6
J & J ___
Jan.■ ■1. 1902
71,000 1896) to the law of 1876, making school district bonds an authorized
investment, went into effect. In 1897 an act was passed (approved
IN T E R E S T is payable in Jersey City and Trenton.
. T O T A L D EBT .— The total bonded debt of the State on January 1, April 9) authorizing investments in bonds issued by commissioners
1898, was $194,000. At previous dates it was:
appointed by the Supreme Court of the State. In 1898 a bill permit­
$394,000 Nov. 1, 1894..................... $735,400 ting investments in bonds of boroughs and townships passed the
Nov. 1, 1897................
Nov. 1, 1896.................... 593,400 Nov. 1 ,1 8 9 3 ................... 837,400 Legislature, but failed to receive the approval of the Governor.
Nov. 1, 1895.................... 660,400 Nov. 1, 1880......................1,996,300
The folio wing is the law of 1837 (approved April 9, 1897):
In addition to the bonded debt the Treasurer and Comptroller have
issued certificates to the commissioners of the Agricultural College for
“ Sec. 1. It shall be lawful for any bank, trust company, savings bank
$48,000, which, with the war debt, makes the entire debt on January or savings institution * * * incorporated under the laws o f this
1 , 1*>98, $242,000. On Noy. 1,1897, balance on hand was $949,345.
State, to invest moneys belonging to or deposited with any such com­
A S S E S S E D V A LU A T IO N .— The assessed valuation, etc., has been-' panies in any bonds authorized by the laws o f this State to bsjssued
by any commission appointed by the Supreme Court of this State b v
1897........ $812,609,090 I 1892.......$742,759,082 1 8 8 2 ..
..$535,467,876
virtue o f any law of this State.”
1896------ 794,428,048 1890...... 649,979,700 1 8 8 0..
.. 518,617,518 The supplement of March 30,1896, is as follows:
1895........ 786,998,070 |1888...... 603,676,953 1 8 7 8..
.. 531,851,849
1394........ 774,398,332 1886...... 573,256,303 1 8 7 6 ..
.. 596,833,707 Section 1. The managers of any savings bank may invest its moneys
1893........ 768,295,274 11884....... 554,828A14 , 1 8 7____
in the bonds of any school district which by law are charged upon the
4.. ___________
.. 619,057,903
,
the valuation of railroad and canal property property of all the inhabitants of such district, which school district has
not within ten ye tis previous to making such investment defaulted in
in lo o i was $452,880.
payment of either principal or interest o f any debt authorized to
. Ç E B T L IM IT A T IO N S .— The provisions of law limiting and regulat- the
be contracted by it.
P?wer in New Jersey w ill be better understood
Next we give the leading provisions of the general law as to invest,
and the information w ill be made more serviceable to the investor if
»roanged in accordance with the civil di visions to which the provisions ments.
Section 1. That the first section of the act of which this is a supple­
J’ HÂTE is restricted as to its debt-making power by the ment
be and the same is hereby amended so as to read as fo llo w s :
In
IT, Section VI, paragraphs 3 and 4, the
That
it shall not be lawful, from and after the passage of this act, for
J(hole subject is disposed of. The third paragraph forbids a loan of the any savings
or other savings institution, whether chartere d or
State s credit, and the fourth paragraph forbids the creation of debt. incorporated bank
under a general or special act of the legislature o f this
These provisions are as follows.
ui ucui.
State, and any provision contained in the charter, or any supplem ent
3. The credit of the State shall not be directly or indirectly loaned in thereto,
of such savings bank or savings institution to the contrary, to
Any case.
the moneys deposited with the same in any manner, excep t as
L U U 16 Legislature shall not in any manner create any debt or debts, invest
follows, to w it:
liability or liabilities of the State, which shall singly or in the agvre-ate
I. In the stocks or bonds or interest-bearing notes or obligations o f the
with any previous debts or liabilities at any time exceed one hundred
States, or those for which the faith of the United States is
thousand dollars, except for purposes of war, or to repel invasion or to United
distinctly
pledged to provide for the payment of the principal and
suppress insurrection, unless the same shall be authorized bv a law for interest thereof;
work- to be distinctly specified therein; which
II.
In
the
interest-bearing bonds of this State;
law shall provide the ways and means, exclusive of loans, to pav the
III. In the bonds of any State in the Union that has not, with in ten
interest o f such debt or liability as it falls due, and also to pay and years
previous
to making such investment by any such bank or i nstitudischarge the principal of such debt or liability within thirtv-tive vears I
defaulted in the payment of any part of either principal or i nterest
from the time of the contracting thereot, and shall be irrepealabfe until ¡ tion,
of
any
debt
authorized
by any legislature of such State to be cont racted.
such debt or liability and the interest thereon áre fullypaid as-d dis- Í IY. In the stocks or bonds
any city, town, county or village of this
charged; and no such law shall take effect until it shall;at a general State, issued pursuant to theofauthority
of any law of this State, or of
election, have been submitted to the people, and have received the the cities of New York, Brooklyn and Philadelphia,
or in any interestsanction of a majority of all the votes cast for and against it at such bearing obligations (other than those commonly known
as im p rove­
election : and all money to be raised by the authority of such law shall
certificates) issued by the city, town or borough in w hich such
be applied only to the specific object stated therein, and to the payment i ment
bank
or
institution
shall
be
situated;
(See
below
fo
r
provision
i ncludingo f the debt thereby created. This section shall not be construed to re- the bonds o f certain cities and counties of any State in the
United
b6’ “ »P»811»4
“ a State by I States).
Y. In bonds secured by mortgages which shall be a first lien o n real
According to the foregoing (4th paragraph), the power of the State for estate
situate in this State, and worth at least double the a mount
R? debt is limited, to $100,pOO, except (1) for purposes of war etc.
thereon, but not to exceed eighty per centum of the who le depos­
and (2) when the authorization is for some single object of work sncpi! loaned
its
shall
be so loaned or invested; but in case the loan is on uni m proved
fled therein, etc. In the latter case the mode of procedure is as will •or unproductive
estate, the amount loaned thereon shall not be
be seen, given m the same paragraph of the Constitution
’
[ more than thirtyreal
per centum of its actual valu e; and no inves t ment in
(2) CITIES, COUNTIES, TOWN'S, Etc., are also restricted in the I any bond and mortgage
shall be made by any savings bank, exc e pt upon
making of certain kinds of debt by Article I, paragraphs 19 and 20, of I the report of a committee
of at least three of the managers, d irectors
the Constitution. We give the paragraph in full.
or
trustees
of
any
such
or institution, and a majority of which
19. No county, city, borough, town, township or village shall * committee shall certify bank
to
the value of the premises mortga ge d, or to
hereafter give any money or property, or loan its money or credit
be
mortgaged,
according
to
their
best judgment; such report shall be
to or in aid of any individual, association or corporation, or become filed and preserved among the records
of the institution;




VI, In real estate strictly in accordance with the following pro
visions.
We do not reprint the real estate provisions, as they cover a matter
not germane to our present subject. It is sufficient to say that they are
two in number, marked (a) and (b), and may be summarized as below ;
(a) authorizes the holding of a plot for erection of a banking build­
ing or buildings, portions of which may be rented, but the cost of lot
and buildings must not exceed 50 per cent of 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 flve y^ars unless,
on application to the State Board having supervision of Savmgs Banks,
time shall he extended.
But the character of permissible investments was further greatly en'
arged by the law of 1886, which is as follow s:
Section 1. That it shall be lawful for any savings bank or savings in
stitution, incorporated under any law of this State, to invest moneys
deposited with it in the bonds of any city or county of any State of the
Unitea States of America, which have been or may be issued pursuant
to the authority of any law of any such State; provided, no such city or
county has, within ten years previous to making such investment by
any such savings bank or savings institution of this State, defaulted in
the payment o f any part of either principal or interest of any debt
authorized by law of such State to be contracted; and provided, fu r ­
ther, that the total indebtedness of any such city or county is limited
by law to ten percentum of its assessed valuation.
By another act the banks also have the right to invest in railroad
bonds under certain restrictions. The authorization was given by
Section 2 of 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 follow s:
Section 2. That it shall be lawful for any savings bank in this State
to invest its funds in first mortgage bonds of any railroad company
which has paid dividends of not less than four per centum per annum
regularly, on their entire capital stock, for a period o f not less than
five years next 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 of such company.
The other law referred to above passed in 1889 amending section 2
o f the law of 1878 is as below. It relates to loans on collaterals:
Section 2. That hereafter it shall not be lawful 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
the additional pledge of 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 of this act, or the capital stocks of national and State banks,
o r other corporations of this State, which have not defaulted in the
payment of interest dividends within two years next preceding the
feme of such loan, and then only to the extent of 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
law of 1876) the managers can keep on hand or on deposit in any bank
in the State, or in any trust or safe deposit company in New Jersey,
New York or Pennsylvania, an available fund of not exceeding ten per
cent of the whole amount of deposits with such .corporation, or loan
the same on pledge of the securities named in the first section cited
above. Also (according to section 28 of the general law of 1876) they
can deposit temporarily in banks the excess of current daily
receipts over payments until such time as they may be judiciously
invested.
The foregoing provisions leave the New Jersey law broad and liberal.

Cities , Counties
IN

STATE

and

T owns

THE

OE N E W

JERSEY.

N ote .—For places not given in alphabetical order among the following
statements, see “ Additional Statements ” at the end o f this Stale.
FRANK L. TEN BROECK, Mayor.
A S B U R Y P A R K — { WM. C. BURROUGHS, Clerk.
This city is in Monmouth County.
LO ANS—
When Due. Interest payable at Treas. office.
Bonded debt Apr. 19,’ 98. *276,000
F ire B onds53,467
58, A&O, $10,000.......Oct. 1, 1915 Floating debt (addit’al).
Tax valuation, real....... 3,246,700
W ater B onds—
5s, J & D ....*60,000..June 1,1915 Tax valuation, personal. 358,800
Subject to call after June 1,1900 Total valuation 1897___3,605,500
5s, J&D, $10,000....June 1,1917 Assessment ^ to ^ actual value.
5s, J&D, 50,000.......June 1,1924 Total tax (per $1,000) ’98..$23*00
5s, J&D, 48,000........Dec. 1,1926 Population of township 1890.8,333
4s, semi an., 22,000................ 1927 Population of township 1880.4,187
Road bonds.......................... $25,500 Populat’n of boro’ 1897 (est.).3,800
^School bonds..................... 60,500
T A X FREE. —All bonds issued by this borough are tax exempt.

A S B U R Y

P A R K

SCH OOL

D IS T R IC T .

This district is in Monmouth County and includes Asbury Park,
O cean Grove, Bradley Beach, West Asbury Park, and all of Neptune
Township. That portion, however, of the debt belonging to Asbury
Park has now been assumed by that city and is included in its debt.
LOANS
When due. I Tax valuation 1896.......$5,840,390
School B onds—
I Assess, is about 50% actual value.
5s, semi-ann., *65,000..1910-1942 I Tax rate (per *1,00 ) ..........$22*50
($2,000 due yearly on June 20.) |Population 1896 (est.)........ 12,000
Total debt Feb. 1, 1897. *91,000 |

A T L A N T IC

59

TJEW JEpSEY—

October, 1898.

C IT Y ,

This city is in Atlantic County.
LO ANSWhen Due.
City B onds—
5s, M&N, *3,331.............
1904
5s. J&J
6,500.......................1905
City I mprovement Bonds—
5s, M&S, *33,000.....................1901
<*11,000 due every 5 yrs.) to 1911
4=^8, M&N, *40,000.................1906
413s, M&N, 40,000................. 1911
4 128, M&N, 50,000................. 1916
4*38, A&O, 24,000................. 1918
R oad I mprovement Bonds—
4*28, J&D, $5,000___June 1,1903
W ater Bonds —
5s, J&D, $775,000............... 1925
4 1gs, M&S, 100,000............... 19 26
413s, J&J,
12,000................1917




5 F, P. STOY, Mayor.
(A . M. HESION, Comptroller.
City H all B onds—
4*28, J&D, *10,000.................. 1899
4--s, J&D, 13,000...................1900
5s. F&A,
1,000. ............... 1900
Bond, debt Aug. 1 ,’ 98..*1,137,408
Floating d e b t ...............
50,000
Total debt Aug. 1,1898 1,187,408
Sinking fund, etc..........
79,577
Net debt Aug. 1 , 18£8.. 1,107,831
Tax valuation, real.......12,453,415
Tax valuation, person’l 1,121,930
Total valuation 1898...13,575,345
Assessment about
actual value.
Tot. tax rate (p. *1,000) ’97.*25*20
Population in 1895 w as__ 18,329
Population in 1890 w a s ....13,055

The permanent population, according to local figures, is 23,000, in
creased in summer months to 150.000.

A T L A N T IC
H I G H L A N D S . — T hos. H .
L eonard , Mayor; N . H . R oberts, Treasurer.
This Borough is in Monmouth County.
LO ANS—
When Due. Tot.bor’gh debt Jan .l,’98.*115,000
Bonds are exempt from taxation.
R efunding W ater —
4 1«s, J&J, g., $60,000. July 1,1928 Assessed valuation, real.1,300,325
Assessed valuat’n, pers’l. 196,850
R efunding S ewer —
4s. J&J, g., *39,000...July 1,1928 Total valuation 1897 — 1,497,175
Tax rate (per *1,000) 1898.*24*94
E lectric -L ight B onds—
5s. M&N, *15,000..May 15,1906 Population in 1890 w as............945
Population in 1896 was (est.).2,000
School D istrict B onds58, *30,000.................1905 to 1919
($2,000 due yearly.)
■R A V D l S I N T i r __ 5 ROBERT SEYMOUR, Mayor.
1
J-1*
) W. C. HAMILTON, Clerk.
This city is in Hudson County. The city has issued the present yea./*50,000 4 per cent street improvement bonds due in,1904 and *100,000 4^2 per cent school bonds due in 1918. We are unable to obtain
from the city officials any statement of the city’s debt, but take th e
following from a report made January 1, 1897, to the New Jersey
State authorities.
FINANCIAL STATEMENT.

Loans—
Amount. Floating debt..................... *137,649
City of Bayonne bonds.. $354,500 Total debt......................... 1,691,649
55,691
Funded assessm’t bonds. 118,000 Sinking funds..................
Funded road oonst’n bds
40,000 Net debt Jan. 1 ,1 8 9 7 .„.1 ,6 3 5 ,9 5 8
Funded tax bonds.......... 165,000 Tax valuation, real.......11,921,970
Improvement bonds....... 355,000 Tax valuation, personal. 705,875
Refunded assess’t bonds. 337,000 Total valuation 1898... 12,627,845
Road bonds.......................
39,000 Assessment about *5 actual value.
Tax bonds....................
14,000 Total tax (per *1 ,0 00 ).........*23'50
Township bonds.......... .-.
500 Population in 1890 w as---- 19,033
Water bonds.................... 131,000 Population in 1880 was---- 9,372
New bonds (1897)_________16,000 Population in 1896 (est)... 25,000
Bonded debt Jan. 1 ,’97.. 1,554,000
Of the bonded debt, *3,000 bears 7 percen t interest; *4,000 bears
6 per cent; *1,380,000 bears 5 per cent; $149,500 bears 4Lj per cen t;
$17,000 bears 4 per cen t; *500, no interest. This debt was and is due
as follow s: in 1897, *72,000; in 1898, *50,000; in 1899, *50,000; in
1900, *100,000; in 1901, $38,000; in 1902, *168,000: in 1903, *101,000; in 1904, *5,000; in 1905, *3,000; in 1906, *5,000; in 1907, *20,500; in 1908, *49,000; in 1911, $340,000; in 1912, $23,000; in 1913,
*41,000; in 1914, $13,000; in 1915, *48,000; in 1916, *158,500; in
1917, $18,500; in 1918,*96,000; in 1919, *121,000; in 1925,*33,000;
*500 on demand.

B E L L E V I L L E . — H ar r y
W.
Chairman Township Committee.

U nderwood ,

This township is situated in Essex County.
LOANSWhen Due. Total debt 1897................ *147,000
Sidewalk B onds—
Water debt (included)....... 15,000
7,809
..s............ *8,500......................1904 Sinking fund....................
Woodside (T w p .) B onds—
Net debt 1897.................. 139,191
6s, J&D, *8,500......... .June 1,1900 Tax valuation, real........ 1,829,650
Tax valuation, personal 173,300
(Subject to call at any time.)
I mprovement B onds—
Total valuation 1898___ 2,002,950
4s, J&D, *50,000.........Dec. 1,1919 Assessment is *2 to 23 actual value.
(Subject to call after Dec. 1,1909) Total tax (per *1,000) ’ 97.. .*22*60
4s, *65,000...................July 1, 1925 Population 1890 w as..............3,487
Subject to call after July 1,1915 Population 1894 (estimated).5,000
4 i« s ,........ , $10,500 .;. ---------------IN T E R E S T on the Woodside bonds is payable at the Newark City
National Bank; on the *50,000 of improvement bonds at the Security
Savings Bank, Newark, N. J.; on the *65,000 of improvement bonds at
the Howard Savings Institution, Newark, N. J.

B E R G E N C O U N T Y . — 0 . I. Blauyelt , Clerk.
The county seat is Hackensack.
LO AN SWhen Due. Tax valuation, real__ *23,803,247
B ounty B onds ($500)—
Tax valuation, person ! 2,286,050
7s, Jan., *84,000.......1899 to 1905 Total valuation 1897.. 26,089,297
($12,000 due yearly on Jan. 1)
Population in 1890 was...... 47,226
Total debt March 1,1898..*84,000 Population in 1895.............65,251
IN T E R E S T is payable at the Hackensack Bank, Hackensack, N. J.

B E R N A R D S . — J ohn A. L ayto n , Treasurer.
This township is in Somerset County.

LO A N S —
When Due.
R efunding B onds58, *117,400..*5,000 y ’ly from ’98
Total debt April 1,1898. *117,400
Tax valuation, real......... 2,000,000

Tax valuation, personal. *350,000
Total valuation 1897___2,350,000
Tax rate (per $1,000) ’ 97
16*90
Population in 1890 was....... 2,558
Population in 1880 w a s ......2,622

B L O O M F I E L D . — W m . L. J ohnson , Clerk.
Yhis township is in Essex County.

LO A N S —
When Due.
Sew er B onds­
M&N, *40,000... .Nov. 1, 1898
<$2,500 due y ’ly) to Nov. 1, 1913
Bonded debtMeh. 1,1898. *40,000
Floating d eb t.....................210,833
Total debt Mch. 1 ,1 89 8 ... 250,833
es,

Assessed valuat’ n, real.$3,171,275
Assessed valuat’n.pers’l
520,025
Total valuation 1898... 3,691,300
Assessment is % actual value.
Total tax (per *1,000) 1897 $30*30
Population in 1890 was___ 7,708
Population in 1897 (est.)... 8,500

T A X FREE.— AU of the above bonds are exempt from taxation.
IN T E R E S T is payable at the Bloomfield National Bank.
R R r n n - F ’ T n 'M

JE. M. APPELGATE, Mayor.
*— \ S. HITCHNER, City Treasurer.
This city is situated in Cumberland County.

LO A N S —
When Due.
P ublic B uilding B onds—
4s, J&J, *20,000.......July 30,1928
School B onds58, Oct., $10,000........ Aug. 1,1899
4*38, M&S, *4,000................... 1905
413s, M&S, 21,000...............1906 to
($3,000 due yearly)................1912
Water B onds68, F&A, *44,000.......Aug. 1,1899
($3,000 due yearly) to Aug. 1,1913

Interest payable at Bridgeton.
Total debt Feb. 1,1898.. *82,000
Sinking fund, etc............
5,000
Net debt Feb. 1, 1898...
75.000
Assessed valuat’n, real.*4,573.025
Assessed valuat’ n.pers’l 1,612,185
Total valuation 1897... 6,185,210
Assessment is *2 actual value.
Total tax (per *1,000)___..$17*00
Population in 1890 was....... 11,424
Population in 1897 (est,.)-.13 ,3 0 0

stjIte A
B U R L I N G T O N ,— W .

E.

M

cN e a l

m

c m

, M ayor.

This city is in Burlington County.
„ LOANSWhen Due.
Water B ondsCity B onds (refunding)—
48, M&N, $25,500.......Nov 1,1916
4s, M&S, $22,500.......Sept. 1,1904 4s, J&J, $28,000.......July 1,1904
Meadow D rainage—
Interest is payable in Burlington.
4s, J&J, $10,000........July 1,1901 Bonded debt Jan. 1, ’98 $117,800
4s,J&D, 14,000........ Dec. 1,1921 Sinking fund..................
2,000
Subject to call after Dec. 1,1901 Net debt Jan. 1 ,1 89 8 ..
115,800
P aving B ondsAssessed v iluat’n, real. 2,164,115
48......... $10,000........................1906 Assessed valuat’ n,pers’l 338,927
Steam F ire Engine—
Total valuation 1897... 2,503,042
4s,
, $6,800......................... 1907 Total tax (per $1,000) ’97... $21-60
T ownship Bonds—
Population in 1890 was........ 7,264
4 s ,---- - $1,000......................... 1904 Population in 1880 was........ 6,090
T A X F R E E .—All 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.
The County has no bonded debt. I Total tax valuat’n.’97.$25,502,572
Floating debt May, ’ 98.
$72,7311Total tax (per $1,000) 1897.$10-66
Tax valuation, real...... 20,237,239 |Population in 1890 was....... 58,528
Tax valuation, person’l 5,265,333 |

supplement
Bonded debt Feb. 1, ’98...$929,618
Floating debt.................... 100,000
Total debt Feb. 1 ,’ 98....1,029,618
Sinking fund.................... 119,240
Net debt March 1,1897.. 910,479
Ass’d valuation, r e a l...14,034,225

Yol. L X V II
Ass’d valuation, pers’l .$1,688,250
Total valuation 1898... 15,722,475
Tax rate (per $1,000)___
$25-00
Population in 1890 was.......13,282
Population in 1897 (est.>...20,006

m
T r7 A t~ )T 7 ^ p t t
(W ILLIAM A. M MACK, Mayor.
Cv L_,I/L,2AL3H, 1 HL.— (A . B. CARLTON, Comptroller.
This city got into financial difficulties through making extensive
local improvements. Interest was defaulted February 1,1879, and a
compromise was finally effected with the bondholders, by which new 4
percent bonds dated July 1,1882, were Issued in exchange for the
old 7 per cent bonds turned in at 50 per cent of their face value.
Elizabeth is in Union County.
LO A N S—
/— Interest.— > ,-----------Principal.--------- ■>
N AM E AND PURPO SE.
Rate. Payable. When Due. Outstand’g.
A<yustment bonds, 1882.......... 4
J & J July 1, 1922 $3,215,380
School bonds............................. 5
___
1899 to 1905
55,500
A sinking fund of about $75,000 per annum is applied to redempion of outstanding bonds.

IN T E R E S T is paid by the Mercantile Trust Company o f New York.
T O T A L D E B T Etc .—Total bonded debt July 1, 1898, was $3,-

280,880. Bonds are all exempt from city tax.
A S S E S S E D VALUATION—The city’ s assessed valuation and tax
rate at different periods have been as follow s:
(GEO. G. FELTON, Treasurer.
This city is in Camden County.
Assessed valuatio n.------------------ s. RateofTax
Total.
LOANS,— Interest.— > ,----------- Principal.----------. Years.
Real.
Personal.
per $1,000.
$1,759.700
N A M E AND PURPOSE.
Rate. Payable. When Due. Outstand’g. 1898.........
$17,151 100
$28-60
Bounties loans, 1864............... 6
J & J July 1, 1900
$20,000 1897.........
1,797,200
16,916,300
28-60
J & J Jan. 1, 1903
City hall, 1874.......................... 7
1,780,300
16,576,950
75.000 1896......... ...... 14,796,650
28-80
Fire department, 1889............. 4
A & O Oct 1. 1909
1,744,800
16,455,550
15.000 1895......... ...... 14,710,750
29-80
Floating debt, 1872.................. 7
1,678,775
16,208,850
J & J July 1, 1902
75.000 1894......... ...... 14,530,075
28-80
do
1876.................. 7
1,719,918
15,968,868
M & N May 1, 1906
130,800 1893......... ...... 14,248,950
29-80
do
1881.................. 4
J & J July 1, 1911
218,000
The
tax
rate
in
1897
includes
State
tax,
$2-70;
county tax, $5-40;
do
1883.................. 4
J & J Jan. 1, 1934
34.000
J & D June 1, 1918
School Bonds, 1898.................. 4
85.000 city tax, $20-50; total, $28‘60 per $1,000.
Paving Bonds, 1898................ 4
A & O Apr. 1, 1«28
200,000
P O P U L A T IO N — In 1895 was 43.765; in 1890 population was 37 ,'
Funding, 1886 ....................... 4
J & D June 1, 1916
40.000 764; in 1880 it was 28.229 ; in 1870 it was 20.832.
do
1 8 7I2 .......................... ‘4 J & D Dec. 1, 1902
35.000
Interest account, 1873............ 7
J & J Jan. 1, 1904
25.000 C 'C C 'C ’ Y P ^ T T M T - V
s THOS. McGOWAN, Director;
do
1875
“
J & J Jan. 1, 1905
25.000 t L O O l L A . U U U 1 N 1 I .— (E D . L. CONKLIN, Auditor.
Park bonds ,1 8 97 ................ . . . 4
J
75.000
The county seat is Newark.
Pay bonds, 1877..................
J
25.000
W ar B onds—
LO A N S —
When Due.
Water bonds, 1872............... . . . 7
J
100,000
R oad B onds—
7s, A&O, $531,000___Apr. 1,1899
do
1887............... . . . 4
J & J July 1, 1917
50.000 5s, A&O, $4,588.......Apr. 30,1 9 01 ........ ,
126.000 ...1900-1905
do
1887............... . . . 4
J & J July 1, 1917
50.000 5s, J&J, 10,000...... July 1,1899 Total debt May 11, ’98 $3,364,303
do
1890............... . . . 4
JI H U Deo. 31,1919
95.000 5s, A&O, $32,715 6 9 .... 1902 1906 Sinking funds.............
317,377
do
1892............... .. . 412
July 1, 1922
95.000
P ark B ond -—
Net debt May 11, 1898 3,046,926
do
1893............... . . . 412 J
95.000 3-65S.F&A,$1,000,000. A u .l,’15-35 Tax valuation, real. ..163,744,880
do
1896............... . . . 4
J & D June 1,1926
600,000
($200,000 every 5 years.)
Tax valuation,person’l 33,779,703
4s, F&A, $1,500,000..Aug. 1,1926 Total Valuation 1898 .197,524,583
T O T A L D EBT , S IN K IN G FUND, Et c .—The subjoined statement 4s,
F&A, g, 500,000..Aug. 1,1938 Countytax (per $1,000) ’ 98.$6-486
shows Camden’s total bonded debt and the floating debt on May 1 o^
R efunding B ondsPopulation in 1890 was___256,090
the years 1894,1895,1896 and May 31, 1898.
48, A&O, $168,000...1898 to 1905 Population in 1880 was___189,929
S | l«f| May 31,1898.
1896.
1895.
1894.
($21,000 due yearly on July 1.)
Population in 1897 (est.)..325,000
Total bonded d e b t....$1,897,800 $1,254,800 $1,217,000 $1.217.800
B ridge B onds—
Floating debt.............
30,000
30,000
30,000
60,000 4s, . . . . , $150,000.......July 1, 1917
Sinking f u n d ............
30,000
..................................................
Principal and interest of the park bonds are payable in gold.
The city water works in 1897 were valued at $838,975, and the city
hall, fire department property, etc., at $345,330.
INTEREST on the $1,000,000 and the $500,000 issues o f park
bonds is payable by the United States Mortgage & Trust Company,
A S S E S S E D V A L U A T IO N —
New York City; on the $1,500,000 issue of park bonds at the office of
--------------Assessed
valuation„
-----P ------------------------------------ R a teofT a x J. & W. Seligman & Co. of New York City and Seligman Bros, o f Lon­
Real.
Personal.
i onoS>
<n^ Real'
Total.
per $1,000. don; on all other bonds at the Manufacturers’ National Bank, Newark,
..................$21,965,630
$1,766,300
$23,731,930
$21-00 N. J.
................. 22,889,309
1,928,950
24,818,259
22-00
} 99£ ................ 22,550,702
1,761,350
24,312,052
22-00 TTTD A a t t j t T t AT
5 A. BLUM, Chairman,
J895................ 24,616,920
1,744,200
26,361,120
19-00 r r i A I N
.— ( MAX P. KAUFMANN, Treasurer.
1,416,610
18,558,380
24-50
3fS £ ................. }Z ’i & ’TZ?
This township is in Essex County.
*88£.................
1,592,210
15,293,684
26 5 0
LO A N S —
When Due. Bonded debt Mar. 1, ’98..$104,000
1880................
9,908,235
1,657,850
11,566,080
22-00
R oad B onds—
Water debt (included).... 52,000
4s,
reg.,
$44,000.......
April
1,1899 Tax valuation, real. . . . . .1,276,326
value6 assessment for 1893 was ior the first time made at full cash
($2,000 due yearly) to ......... 1920 Tax valuation, personal.. 56,000
Water BondsTotal valuation 1898___1,332,326
. ^jQ^MLATION in 1890 population was 58,313; in 1880 it was
coup., $47,000.................... 1925 Total tax (per $1,000) ’97.. $27-20
41,659, in 1870 it was 20,045. The population in 1895, according to 48.
5s.
reg.,
5;000__
Nov.
1,1906
Population
in 1890 was....... 2,007
State census, was 63,467.
W oodside B ondsPopulation in 1896 (est.)... 3,027
58, reg., $6,000......................... 1906
M. F. IVINS, County Collector.
C A M D E N CO.
HARRY P. WOLFE, Director.
F R E E H O L D . — D a v i d D . D e n i s e , C o m m issa r .
County seat is Camden.
This town is in Monmouth County.
LO A N S —
When Due. Bonded debt Aug.15,’ 98 $46,000
W ar & P ub. B’ ld ’ g . B ondsTax valuation, real.......33,728,303
LO AN S —
When Due. Floating debt..................... $4,206
78, June 1, $10,000...June 1,1899 Tax valuat’n, personal. 2,919,701
School B onds—
Total debt Feb. 1, ’98....... 81,875
5s, June 1, 10,000.. .June 1,1899 Total valuation 1898.. .36,648,004 4s, J&J, $15,000......... 1905-1909 Assessed valuation, real.2,859,578
5s, June 1, 10,000...June 1,1900 State & Co. tax (p.$l,000) ’98,$8-30
($1,000 due yearly on Jan. 1.)
Ass’d
valuation, pers’l . . 1,460,941
A rmory B ondsSewer bonds —
Population in 1890 w a s... 87,687
Total valuation, 1897....4,320,516
58, June 1,' $16,000.. .June —
1,1908
5s, J&J, $26,900 ($1,775 yearly)
,
OdU W
„..J100,104
UU.
Populationiuin A1895
wt*a»s...
Assessment about % actual value.
Water B ondsTown tax (per $1,000)........... $5-06
IN T E R E S T is payable at the First National Bank, Camden, N. J.
48, J&J, $49,000........ Part yearly. Population in 1890 w as........ 2,932
Bonded debt Feb. 1, ’9 8 ... $77,675 Population 1896 (estimated) 3,460
CAFE
The total tax roll as given above includes State, county and town shin
tax, $9*30; town tax, $5-00.
This city is in Cape May County.
The
school bonds noted above were issued by the township and not
W
’Ji
P
H
T
i
n
p
LOANS
R efunding Bonds—(Con-)
by the town of Freehold.
General Improvem ,t B onds— ’ 5s, J&J
$4,300.......Jan. 1,1905
IN T E R E S T payable at Treasurer’ s office.
5 s ,..........$10,000.... June 1,1915 Interest is payable at Cape May.
5s, M&N,
13,000....May 1,1916 Total debt Aug. 1,1898. $112,700
TAX FREE—All of the town’s bonds are exempt from taxation.
5s, J&J,
12.000....Jan, 1,1918 Sinking fund....................
3 500
Sew er B onds—
Net debt Aug. 1 ,1 8 9 8 ... 109,200 / — t t f v t t d r n p rr1
(ROBERT S. RUDD. Mayor.
5s, J&D, $12,000.......June 1,1921 Ass’d valuation, real ...1,578,795 U-L^LLIN L A lL J A xH ,.— (NATHAN
RUSSELL,Clerk.
R edemption , E tc.—1890—
Ass’d valuation, pers’l . .. 105 725
This
borough
is
in
Essex
County.
5s, J&J, $15,000........ Jan. 1,1910 Total valuation 1898__ 1,744^5^0
R efunding B ond —
LO
A
N
S
—
When
Due.
A8s’ed
valuation, real $1,375,006
Assessment is % actual value.
5s, A&O. $18,600....... Apr. 1,1899 Tax rate (per $1,000) 1898.$25-00 4^28, F&A, $60,000.......1902-1925 Ass’d valuation, pers’l.
110,500
5s, M&N,
15,000....May 1,1910 Population in 1890 w a s........ 2,136 ($2,000 yearly to 1915 and $3,000 Total valuation 1898.. .1,485,500
yearly to 1925.)
5s, A&O,
19,800.... Oct. 1, 1899 Population in 1895 was (est.).2,700
Tax rate (per M.) 1897..
23-06
Bonded debt Feb. 1, ’98 $60,000

C A M D E N __ 5J L. WESTCOTT. Mayor.

E A S T O F ? A TJO TT

$ A H- RYAN, President.
1
W A A i N U H , . — ( ALONZO DURKEE, Auditor.
This township is in Essex County.
LO ANS—
When Due.
Town H all BondsSchool B onds—
48, M&N, $30,000.......May 2 ,1 8 9
5%s........... $1,600.........1899-1903 ($1,500 due yearly) to May 2,1918
($300 due yearly.)
Sew er B onds5*28,...........$4,500......... 1899-1901 58.......... $20,000...........
($1,500 due yearly.)
5s, var., 169,350.......... 1898-1915
5 s , ........ , $16,000.........1899-1902 4*«s, var,, 66,800.........1898-1916
($4,000 due yearly.)
4s, var., 104,250......... 1898-1909
5 s ,........ . $ 5 ,0 0 0 ....... 1899-1903
Street I mprovem ’ t B onds($1,000 due yearly.)
58 & 6s, $178,418 84... 1-10 yearly
5s............ $25,500...........1899-1901
T ax A rrearage B onds—
($8,500 due yearly.)
4 12S,----- $100,000....................1899
4 a,............ $2,000.................... 1899 4s, J&J,
84,000___.July 1.1914




G L O U C E S T E R C I T Y — S ¿ °T Ä l S I k Ä ;
, . . . . . .
.
.
This city is in Camden County.
LO A N S —
When Due.
I mprovement B onds4128,........... $23,000........ 1899-1908
Water B onds68, ........ , $ 2 0 ,0 0 0 ....1 9 1 4 to 1923

Treasurer.

Bonded debt Feb. 12 ’98. $90,006
4,012
Cash assets.......................
Net debt Feb. 12,1 8 9 8 ..
85,987
Water debt (included).. .
67,000
Tax valuation, real........ 1,554,475
($2,000 due yearly.)
Tax valuation, personal. 293,450
5 s ,............ $10,000__1924 to 1928 Total valuation 1898 . . . . 1,847,925
($2,000 due yearly.)
Total tax (per $ 1 ,00 0 )...
18-06
5 s ,....... , $8,< 00....... 1929 to 1932 Population in 1890 was........ 6,564
($2,000 due yearly)
Population in 1898 (est.).......6 300
4s....... .., $29,000.... 1899 to 1913
($2,000 due yearly.)

October, 1898.

í£ Y — I

61

G„ L O U C E S T E R C O .— I®'
W--STARS, Dlreotor.
^ A. S. BARBER, J r ., Co. Coll’r

i FRANK McNALLY, Director Board of
< Freeholders.
( EDWARD W. WOOLLEY, Co. Clerk.
This county contains the cities of Jersey City, Hoboken and Bayonne
The county seat is Jersey City.
LO A N S —
When Due.
LO A N S —
When Due.
A rmory Bonds—
P ublic R oad B onds—( Con.)
4s, J&J, $4,000........ Jan. l , ’99-’02 412S, J&J, 250,OOOc&r.Jan.l,1923
Sidewalk B onds 4 12g,J&J, 500,000g.c&r.Jan. 1,’24
4s, A&O, $50,000.......Oct. 1, 1901 412s, J&J, 600,000.c. Jan. 1, 1925
4s, M&N, 127,000.......May 1,1902 4g. J&J, 150,000g,r.Jan. 1,1926
B ridge B onds4s, A&O, 24,000 r ___Oct. 1,1902
58, J&J, $31,000. .c.Nov. 1,1901 4s, A&O, 38,000r ....O ct. 1,1903
4 1ag,M&S, 100,000gc.Sept.l,1918 4s, A&O, 38,000 r ___Oct. 1,1904
4s, J&J,
90,000.. .Jan. 1,1917 4s, M&N, 200,000___May 1 , 19&7
4s, J&J,
26,000 Jan.,1900-12 4s, g ,........ 44,158....M ar. 1,1928
L unatic A sylum B onds—
P urchase B onds—
4*23, J&J, $100,000.. r. Jan. 1,1911 4*28,.... $73,000 r . .. .Nov. 2,1911
($10,000 due yearly) to Jan.l, 1920
T a x A rrears B onds—
4s, J&J, $120,000. .r. Jan. 1, 1899 6s, J&J,$250,000 c&r.Jan. 1,1905
($10,000 due yearly) to Jan. 1, ’ 10 5s, J&J, 318,000 c& r.M ayl9,1901
3s, J&J, $20,000..r.Jan. 1,1899
War R enewal B onds—
($2,000 due yearly) to Jan. 1, ’08 5s. M&S,$854,000 c&r.Sep. 1,1905
3s, J&J,
$1,000. .r. Jan. 1,1909
J udgment B ond—
P ublic R oad B onds—
4s, J&J, $ 1 5 ,0 0 0 ....Jan. 1, 1899
4*28, M&N,100,000..r. Jan. 1,1922 ($5,000 due yearly) to June 1,1901
4*28,J&J,500,000.. c&r.Jan. 1,1923
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 , Etc .—The bonded debt Dec. 1,1897, was $4,879,199
floating debt, $55,300: total debt, $4,934,499; sinking fund, $1,343,393;
net uebt, $3,591,106. The net debt in 1896 was $3,121,233.
A S S E S S E D V A LU A T IO N and tax rate have been as follow s:
Assessed Valuation-------------------, Tax rate
Tears.
Beal.
Personal.
Total.
p er $1,000.
1898............... $145,117,762
$12,238,343
$157,356,105
.........
1897............... 144,038,741
12,135,498
........
156,174,239
1896............... 137,687,292
12,261,922
159,949,214
.........
1894............... 135,386,022
11,921,881
147,307,903
5-80
1893-94........ 130,209,003
11,382,210
141,591,212
1891-92........ 123,387,636
10,107,418
133,495,054
5-60
t PO P U LA T IO N .-T he population in 1890 was 275,126; in 1880 was
187,944 ; in 1870 was 129,067. Population in 1894 (est.) was 300,000.

County seat is Woodbury.
.L O A N S—
. When Due. Total debt Aug. 1, 1897 $41,000
Court H ouse B ondsTax valuation, real___ 12,512,675
48, M&N, $5,000......... Nov. 1,1898 Tax valuation, personal 3,834,374
R oad B onds—
Total valuation 1898... 16, 47,049
4 s ,........ . $13,500....1899 to 1907 County tax (per$l,000) ’98..$5*20
($1,500 yearly)
Population in 1890 was.......28,649
4s, M&N, $14,000 ($2,000 y ’ rly)
Population in 1880 was...... 25,886
Interest payable in Woodbury.
TA X F R E E — All of tbe county’s bonds áre exempt from taxation.

G U T T E N B E R G .—

H

This town is in Hudson County.
LO ANS—
When Due.
R efunding B onds—
5s, A&O, $ 9 0 ,0 0 0 ....Apr. 16,1901
($10,000 every 5 yrs.to Apr.16,’ 13,
and $60,000 April 16,1918.)
I mprovement B onds—
7s.
$73,025...............Past due
Floating debt..................... $13,204

H ACKEN SACK
T< easurer.

erm an

W

alker

, C n a ir o ^ o ,

Total debt Mar. 15,1898.. $99,180
Tax valuation, real.......... 812,524
Tax valuation, personal. 46,025
Total valuation 1898....... 858,549
Tax rate (per $1,000) ’98.
14-40
Population in 1890 was........ 1,947
Population in 1898 was........ 4,500

C o r n e l iu s

E.

E ckerson,

This town is in Bergen County.
Street Opening B onds—
4*fiS........... $ 1 1 ,0 0 0 .............. 1 9 9 9 1 9 0 1

Assessed valuat’n.pers’l $321,225
Total valuation 1897 .. 2,665,405
Bonded debt Sept. 6,’ 97 $57,400 Assesm’t about 30% actual value.
Floating debt................
50,000 Town tax rate (per M.) ’98..$11-00
Total debt Sept. 6,1897
107,400 Population 1897 (est.).......... 9,000
Assessed valuat’n, real. 2,344,180

H A C K E T T S T O W N . -J. H.

This town is in Warren County.
„LOANS— .
When Due.
Tow n bonds.......................$15,000
Renewal water bonds.......$30,000
($3,000 yearly)
Consign water b’ds, $12,000.1905-6
_ d(o
do
12,000. 1911
Bonded debt April 1,1898. $69,000

Beatty,

Mayor.

I Assessed valuat’n, real. $998,375
I Assessedvaluat’n.pers’1 322,480
I Total valuation 1897... 1,320,855
I Tax rate (per $1,000) 1897..$12-17
|Population 1890.................V..2 410
I Population 1898 (est.)".."!!^2.800
|
*

r -rTT—

r lU lJ S O N

r ’.T’T Y
$ EDWARD HOOS, Mayor.
J r u n o H i x U l l Y . — \ GEORGE R. HOUGH, Comptroller.
Jersey City formerly suffered greatly from difficulty in collecting
J. MULLIGAN, President.
taxes an 4 assessments. Under the Martin Act, however, pas sea
H A R R I S O N - ■5¿ JOHN
E. J. GRACE, Treasurer.
some years ago by the Legislature, arrears o f taxes are made liens on
This town is in Hudson County.
property, and if not paid within three years the property can be
•il t<?1satls£y them. The city has also succeeded in adjusting the taxes
. LOANS
When Due. Bonded debt Mar. 20, ’98.$353,500
J
^
h
the railroads, and the latter now pay into the treasury about
School bonds —
49,953
Floating d e b t..................
5s, May, $21,000........ 1898tol903 Total debt Mar. 20,1898. 403,453 $225,000 annually. Io 1897 the Tax Commissioners of the city made
the city Pr°Perty owned and put the total vaiue at $4,4*38,
, 14,000..................... 1928 Sinking fund....................
7,860
Street I mprovement B onds— Net debt Mar. 20 ,18 9 8 .. 395,593 250,000. The figures below for 1896 give the old valuation and did
5s&6s, J&J, $261,80J. July 1,1911 Tax valuation, real..........3,100,235 not include property acquired in recent years. Jersey City is iat
4*aS,.......
66,300................ 1928 Tax valuation, personal. 294,500 Hudson County.
F ire B onds —
LO ANS.— Interest.—
Total valuation ’98 ....... 3,394,725
--------- Principal.--------- -,
4*28......... $14,000...................1928 Assessment about actual value.
NAME AND PURPOSE.
Bate. Payable
When Due. Outstand’g.
Water B onds4*2 J & J
1899 to 1901
Total tax (per $1,000) 1897.$25-40 Armory bunds.......1895...r
$3,000
68, J&J, $ 4 0 ,0 0 0 ......July 1, 1916 Population in 1890 was....... 8,338 ¿ v
,
($1,000 due yearly on Jan. 1.)
T own H all B ondsPopulation in 1896 (est.)... 10,000 Refund, assess, b’ds, 1893.c&r 5g. M & S Sept. 1,1923
700.000
58, J&J, $16,000........ July 1,1913
do
do
1894...c&r 5g. M & N May 1,1924
600.000
City government, 1872...........r 7
J & J July 1,1913
a550,000
City
Hall,
1891..........
part c&r 5
F & A Feb.lO,’99toT 2 140.000
H O B O K E N . __ 5 LAWRENCE FAGAN, Mayor.
($10,000 due yearly to Feb. 10,1912.)
i • tt j
FRED. KAUFMANN, Comptroller.
do
1894......................... r 5g. J & J Jan. l , ’ 13to’ 22 200.000
Hoboken is in Hudson County.
($20,000 due yearly.)
LOANS,— Interest.— , ,------------ Principal._______ >
do
1894.! ■............c&r 5g. J & J Jan. 1,1923
350.000
NAME AND PURPOSE.
Bate. Payable.
When Due.
Outstand’a.
do
1896..
............... r 4
F& A
1899 to 1901
30.000
A
Judgment, 1875----- r 7
F & A Feb. 1, 1905
$54,000
($10,000 due yearly on Jan. 1.)
a
T1.
— 4
J & J July 1, 1899
30,000
do
1896..
............... r 4
F& A
1902 to 1904
30.000
lib ra ry bonds, 1897 4
J & J
McS 1 1917
50 000
(Part due yearly on Feb. 1.)
B&CSchool-house, 1887.r 4 ^ F & A Aug. 1, 1907
45,000
do
............... r 4
F&A
Feb.l,1905-’07
30.000
A&B
do
1890.c&r 4
J & J
July 1, 1910
100,000 Refunding,1897..
1897. ................. 4 1sg.M & N May 1,1927
450.000
a
J lo J -* --0 4
J & J
Meh 1, 1917
90,000 ■
Park,
May, 1927
P
„ T 1897.
H i ................ 4g. M & N
100.000
a
0 „
, \®98........ 4
J & D
June 1, 1918
13,000 City
of Jersey City, 1884..c&r 6
A & O Apr. 1,1904 t l , 000,000
£ w oTeri!)0nJa8’ A 8o9J - - - 0 4
J & J
1917-1926
100,000 Fire Engine House, Police Station, etc., Bonds—
D Water bonds, 1882
r6
A& O
Oct. 2, 1902
9,500
Engine house, 1893...............r 4 ^ J & J July 24,1901
8,000
tv
?°
4®®3....r 5
A& O
Apr. 12,1903
5,000
do
do
1894...r 4 ^ M & S ~
Sept. 10,1902
8,000
n
T7 sd0T. 189,0™ " r 413 M & N Nov. 1,1910
20,000
do
1896..,r 4*2 J & J Dec. 28,1903
4.000
C
Engine house. 1892.r 6
M & N Nov. 1, 1902
15 000 FiredoDepartment___1897...r
4
J & J
June 1, 1909
12.000
a
™
WwMA 4
Oct.
I, 1917
25,000
Police H’d-Quar., 1890...... r 4
J & J Jan.
_ _ 1,1899
»20,000
A
Fire house, 18 9 2...r 4*2 M & N Nov. 1, 1907
13.000
($5,000 due yearly Jan 1,1899, to 1902.)
„
F & A
Aug. 1, 1908
7,000
Police
stations,
1890
r
4
^
A
&
O
Oct.
1,1903-4
10,000
£
™
« kf. 4894-v r i
Aug.
1, 1909
10,000
do
do
1891...........r 5
J & ~ ~ Jan.l ’ 99-1900
-------19,900
a
Volunt rb nty.ser.I.o 6
J & J Jan.,’99,tol900
9,000
do
do
1892...........r 5
J &
Jan. 1,1909
20,000
A
Re lemption, 1878.. e 6
J & D
Dec. 1, 1898
337 000
do
do
1891...........r 413 J &
Jan. 1,1905-7
15,100
n
£°
ii§ ? 9" 0 6
F & A
Feb. 1, 1899
75,000
do
do
1897...........r 4
J &
Feb. 15, 1910
7,500
a
W™
-.!§£ 1,0&r 5
M&N
Nov. 15,1901
196,000 Funding Loans to Fund"a
Hii ? ’ 8 % ® * 5
M & S
S e p t.l, 1910
60,000
Assessment
bonds,1875.
c&r
J
&
D
June
1,1905
600,000
n
1892.c 4 ^ M & N Nov. 1, 1912
24,000
do
1876.c&r
J & J Jan. 1,1906
300.000
2
Public bath, 1888...r 4
A& O
Oct. 1, 1898
10,000
do
1891..
. .r A & O Apr. 1,1916 t l ,469,000
Repaving b on d s.................... 4 M & N
May 1,1928
150,000
Floating
debt,
1879.
c&r F & A Feb. 1,1909 t l , 353,000
Paving bond s.....................
4
.........
1928
50’000
Maturing bonds, 1880. ...r
J & D June 1,1910
t450,000
do
do
1892. c&r
J & J Jan. 2,1922
“ c,” coupon bonds; “ r,’ ’registered bonds.
1200,000
Differences, &c., 1881.. ..r
A & O Apr. 1,1911
U50.000
D is $ 5 0 0 ALUE ° F BO N D S -A is $1,000; B is $5,000; C is $10,000
{ 1899-1907, ,
Street lighting........ 1897....r 4
J & J ! $3,800 yearly > 34,200
INTEREST on registered bonds is payable at the City Treasurer’ s
' on July 1. )
°®®?- , Coupons are payable by the First National Bank of Hoboken, Joint outlet sewer.. 1897 ...r 4
& J Jan. 1, 1901
36,768
Public library bonds 1898.. c 4g.
and interest on water bonds at Water Registrar’s office.
& O Apr. 1, 1928
150.000
Funding Loans to Fund—
T O T A L DEBT, Et c Tax arrearages, 1894........ r 4 ^
& J May 10,1899
412.000
.
. . . %>'Mg y 2,1898. Way 3,1897. May 4,1896. May 6,1895.
do
¡m 1889........ r 3^2
& O Apr. 1,1899
386.000
Total bonded d e b t ....$1,285,000 $1,264,000 $1,038,000 $1,042,000
do
1 8 9 5 ......r 4*3
& J Jan. 1,1900
325.000
Sinking funds.............
37,464
36,029
8^551
1,495
do
1897........ r 413
& J Jan. 1,1899
170.000
do
1897.........r 4
& J Jan. 1,1903
800.000
Net debt.................. $1,247,536 $1,227,971 $1,029,449 $1,040,505
Improvements, 1874........ r 7
& J Jan. 3,1906
60,000
Floating d e b t . . .. . . . ...........................................
$130,101
$136,667
MorganSt.dock,1870. ..c&r 7
& J June 8,1900
al25,000
Property purchased.......... r 4
with bond optional
The sinlnng fund receives yearly a portion of the license fees and
585,474
School Bonds, including Bergen, etc., issues—
moneys collected from assessment after certificates are paid.
Pub. schools (Bergen),1870.r 7
J & J Jan. 1.1900
100,000
CITY PR O PERTY —The city owns parks, public buildings, a water
do
(Hudson),1870.r 7
J & J Apr. 2.1900
50.000
■ystem and other assets amounting to over a million dollars.
do
(Bergen),1869.r 7
J & J July 1, 1898
50.000
do
1897..............g 4
ASSESSED VALUATION—The city’s assessed valuation (about
F & A Aug.
1927
200,000
oo per cent o f the cash value) and tax rate have been as follow s:
do
1898
..c 4g. F & A Aug. 1, 1917
100,000
Beal
Personal
Total
Bate o f Tax Streets and Sewers Assessment Bonds—
Streets
and
sewers,
1892.c&r
J & J Jan. 2,1922 tz548,000
Property. Assessed Valuation, per $1.000 Water loan, 1869................ c&r 75
J
&
J
Jan 1,1899 a l 0 0 , 0 0 0
4898........ $1,855,010
$27,368,720
$24-80
do
1870................ c&r 7
J & J Jan. 1,1902 a375,000
18 9 7 ........ 2¡>,138,500
1,634,390
26,772,890
24 20
do
18 7 2............... c&r 7
A & O Apr. 1,1902 a800,000
1 8 9 6 ........ 24,828,600
2,884,640
27,713,240
22-00
do
1872.................c&r 7
M & S Sept. 1,1902 a500,000
1 8 9 5 ........ 22,124,400
2,242,480
24,366,880
24-20
do
1874................ c&r 7
J & J Jan. 1,1904 a250,000
l 8 9 9 ........
1,622,862
18,898,462
24*70
<
Jo
1876....................
r
7
J & J Jan. 1,1906
1 8 8 7 ........ 15,621,100
1,491,300
17,112,400
25-36
a60,000
do
1876.................... r 7
M & N NoV. 1,1906
1 8 8 0 ........ 13,575,600
l ^ ^
14;86o!o47
21*81
a 6 1 ,0 0 0
do
1 8 7 8 ...,.............. r 7
M & S M ch.26,1908
a47,000
„P O P U L A T IO N —111 1890 population was 43,648; in 1880 it was
do
1873..........c
&
r
7
M
&
N
May
1,1913
a
5 0 0 ,0 0 0
80,999; in 1870 it was 20,297; in 1898 (est.) 55,000.
J & J July 1,1907 a255,000
do
1877................ c&r 6

J




J E R S E Y

„

C O .—

62

STATE AW® CITY SU ?ft£M £W T ,

LOANS—
,— Interest..— > --------- Principal.-------Bate. Payable. When Due. Outstand\
NAME AND PURPOSE.
Water loan , 1879.......
F & A Feb. 1,1909 a$50,000
a50,000
do
1879.......
J & J July 1,1909
do
F & A Feb. 1.1913 ta525,000
1883.......
t586,000
do
1891........___ c&r 5
A & O Apr. 1,1916
350.000
do
J & D June 1,1921
1891........ ....c & r 5
do
1892........
J & J Jan. 2,1922 t248,000
do
1893 ......
J & J Jan. 2,1923 1200,000
179.000
do
1895...... .
J & J Jan. 2,1925
Past due, not presented for payment—
1.000
June 1,1894
Streets and sewers... various 7
1,750
Improvem ents....................... 7
11,500
May 1, 1897
Funded debt............................ 4
a $1,000 each.
t Secured by special sinking fund,
a W holly in sinking fund.
z These are assessment bonds
♦Principal and interest paid by a special tax levy.
INTEREST is paid by the Merchants’ Exoh. Nat. Bank o f New York.
T O T A L DEBT, Et c .—The oity’ s total bonded debt, on Dec. 1,1897,
was $17,927,244, which amount included $4,218,000 of assessment
bonds and $5,136,000 of water bonds. The floating debt at that date
was $829,38*.
Dec. 1,1897. Dec. 1,1896.
General account debt....................................... $8,573,244
$8,535,188
Assessment accaunt debt................................. 4,218,000
4,218,000
Temporary loans...............................................
829,389
593,196
Improvement certificates...............................
749,748
479,529
Unexpended appropriations, 1889-94..........
362,037
232,892
Other accounts.................................................
414,681
339,332
Total liabilities (excluding water debt). .$15,147,099
$14,398,137
$322,350
$679,659
Cash in City Treasury............................
1,983,113
2,001,606
Cash and bonds held in sinking funds.
3,390,259
3,531,432
Taxes due and unpaid............................
2,514,218
2,354,671
Assessments due and unpaid...............
*1,426,500
3,614,100
City property..........................................
735,894
759,041
Other items.............................................
$10,212,787
$13,100,056
Total resources.
$5,136,000
Water debt (sinking funds not deducted)... $5,136,00*
* Partial value only.
SINKING FUNDS—The sinking funds, all of which arG invested in
the city’ s bonds and certificates, on Dec. 1,1897, were as follow s:
Gash.
Securities.
Total.
General sinking funds................. $$2,520
$1,919,086
$2,001,606
Water sinking funds.....................
6,916
427,179
434,095

Vol.LXVII

a yrtt*i—
j /—
i -r—
<i—\

\
( N. H. FURMAN, Director,
iv i H TA O LL, Jrt U U . — } s . WALKER, Collector.
County seat is Trenton.
LOANS—
When Due. Bonded debt 1897........ $260,000
Assessed valuat’n, real 35,689,917
B ridge B onds58,
, $110,000___Feb. 1,1897 Assessed valúa’ ion.per.l 1,692,488
(Part due yr’ly) to Feb. 1,1909 Total valuation 1897...47,382,405
Tax rate (per $ 1,000)............ $5*50
R oad I mpt . B onds—
4s............. $90,0 0 0 ...Deo. 1. 189* Population 1890 was.......... 79,978
($10,000 due yearly) to Dec. 1, ’ 06 Population in 1896 (est.).. .85,000
D eficiency B onds—
4 s ,......., $25,0001___ June 8,1903
l u r T r v r v f i t c x t v /—«
CJAMES M. PARSONS, Director,
i v i 1 LJ LJ l_i H O Hi v V H L J . — I DAVID SERVISS. Collector.
County seat is New Brunswick.
LO ANSWhen Due.
LOANS—
When Due.
4s, J&J, $10,000..Jan., 1910-1911
B ridge B onds78, A&O, $3,150 .Apr. 1,’99-1900 4s, J&J, 10,000. .Jan. 1 , 1908-’09
4, J&J, $50,000........... Jan. 1,1899 Bonded debt May 10, ’ 98 $139,150
($10,000 due ye’ly) to Jan., 1903 Floating debt.................... 45,500
R enewal B onds—
Total debt May 10,1898 184,650
4s, J&J, $9,000..Jan. 1, ’99-1900 Total valuation 1898.. .27,855,918
4s, J&J, 21,500... .Jan., 1899-’ 02 State school tax (per $1,000) .$2*80
4s, J&J,
500........ Jan. 1,1899 County tax (per $1,000) ’98.. 7*20
4s, J&J, 15,000__ Jan., 1899-’02 Population 1890 w as.........61,754
4s, J&J, 10,000..Jan. 1 , 1910-’ l l Population 1895 (est.)....... 70,057
4s, J&J, 20 ,00 0 ....
1904-1907
($5,000 due yearly on Jan. 1.)
IN T E R E S T is payable at the Cs. Collector’ s office, New Brunswiok
TA X FREE.—All bonds issued by this county are tax exempt.

n y r r M V T T P T A TTD
5JOHN H. PARSONS, Chairman.
IV IL /iN 1 V 'J -.A Y lJ n ..— ( SILAS STUART, Treasurer.
This town is situated in Essex County.
LO A N S —
When Due•
LO ANS—
When Due.
School Bonds—(Con.)
R ailroad Bonds58, M&N, $120,000.... 1888-1909 4s, g., M&S, $36,000, g..1900-1911
($3,000 due yearly on Sept. 1.)
($10,000 due yearly on Nov. 1.)
School Mortgages—
5s, M&N, $135,000........ 1910-1918
is , var., $28,500...............................
($15,000 due yearly on Nov. 1.)
Sew er B ondsSchool Bonds
5s, J&J, $3,000...............1899-1901 68, g., A&O, $25,000, g..Oot. 1, ’98
5«, M&N,$150,000....May 1,1913
($1,000 due yearly on July 1.)
$89,435
$2,346,265
$2,435,701 5s, J&J, $112,000...... July 1,1902 4s, J&D, $60,000... June 1,1905
Total
5s, F&A,
500 ....A u g . 1, 1899 Bonded debt Apr. 1,1898.$714,500
A S S E S S E D V A L U A T IO N .¿ £ , è
„ I j 5s, F&A, $2,000............. 1900-1901 Tax valuation, real........ 7,241,700
,-----------------Assessed Taluatisn.---------------- , Tax Bate
Tax valuation, personal.1,028,300
($1,000 due yearly on Aug. 1.)
Beal.
Personal.
Total. j*er$l,000. 5s, M&N, $27,000.......... 1898-1921 Total valuation 1898___8,270,000
1 8 9 8 .................$82,2H ,740
$7,167,700
$89,379,440
Assessment about 2* actual value.
(Part due yearly.)
1 8 9 7 .................. 82,415,220
7,547,541
89,962,761
$28*90 5s, F&A, $2,000............. 1899-1900 Tax rate (per $1,000) : $98.$32*40
7,478,126
89,020,676
27*40
1896.................. 81,542.550
Population in 1890 was__ 8,656
($1,000 due yearly on Aug. 1.)
1 8 9 5 .................. 81.968,790
7,370,832
89,349,622
27*50 4s, g., M&S, $9,000, g.Sep. 1,1899 Population in 1897 (est.) . .12,000
1 8 9 0 .................. 73,059,265
5,898,150
78,957,415
26*40
4,985,200
66,879,939
29*40
1 8 8 6 .................. 61,894,739
IN T E R E S T on the railroad bonds is payable at the office of the
1 8 8 0 .................. 54,122,875
5,343,815
59,466,690
28*00 Mutual Benefit Life Insurance Co., Newark, N. J.; on the $150,000 of
sewer
bonds at the National Shoe & Leather Bank of New York City;
P O PULATION .—In 1890 papulation was 163,003; in 1880 it was
on all other issues at the Bank of Montclair, Montclair, N. J.
120,722; in 1870 it was 82,546.
T A X FREE. —A ll bonds are exempt from taxation.
T7T7 A T 5 M T 7 V
5 WILLIAM BARDSLEY, Chairman.
J k V H .A lr i.lN ll. X .— £ g . B. REID, Treasurer.
N E P T U N E T O W N S H I P S C H O O L D IS­
This township is in Hudson County.
LOANS—
When Due.
LOANS—
When Due.
T R IC T .—
School B onds—(Con.)
Street Improvement —
This district, situated, in Neptune Township, is in Monmouth Co.
5s, F&A, $ 2 5 .0 0 0 ....Aug. 1,1901 5s, M&N, $4,000 .. . 1899 to 1902
($1,000 yearly on May 1.)
5s, F&A,
2,000... .Aug. 1,1903
Total valuation 1896...$2,582,609
LOANS5s, F&A,
9,000 ....F e b . 1,1899 5s, J&D, $2,000....Ju n e 1,1906 School
bonds, 5s...........
$85,800 Assessment about 23 a etui value.
4 ,0 0 0 ....Sept. 1, 1*06 Road bonds,
5s, F&A,
5 0 0 ....Aug. 1,1903 5s, M&S,
Tp.tax rate (per $1,000)’ 96 .$19*70
11,252
5s.............
1 ,0 0 0 ....Dec. 16, 1906 Bonded debt Aug. 1, ’97
5s, F&A,
7 /0 0 ....
1899-1900 5s, J&D,
97,052 School tax (per $1,000) ’ 96. 4*09
Sew er B onds—
($3,000 in 1899, $4,000 in 1900.)
valuation,real 2,469,049 Population 1897 (est.).......... 8,000
5s, M&S, $ 5 ,0 0 0 ....Mar. 1,1902 5s, MAS, $ 2 5 ,0 0 0 ....Sept. 1,1901* Assessed
113,560
5s, M&S, 7 5 ,0 0 0 ....Mar. 1,1903 Assess valua., personal
F ire D epartment —
2,000.............. ...1898
5s, M&S, $1,000.......May 1, 1899 5s, M&S,
W ater B onds5s, F&A,
8,000 ... 1899 to 1906
68, A&O, $ 5 8 ,0 0 0 ....Oct. T, 1917 N E W A R K .. — J o h n S. G i b s o n , Comptroller.
($1,000 annually on Aug. 1.)
5s, A&O, 30,00 0 ....Oct. 1,1917
R edemption RR. B onds—
Newark is situated in Essex County.
2 ,0 00 ....O ct. 1,1917
5s, J&D, $ 9 4 ,0 0 0 ....June 1,1902 5s, M&S,
LO AN S—
/— Interest.— , .------------Principal,----------->
5s,
A&O, 13,000..Oct. 18,’ 19 & ’ 20
5s, J&D,
6 ,0 0 0 ....June 1,1903
NAME OR PURPOSE.
Bate. Payable.
When Due Outstand'g.
5s, J&D, 4 8 ,8 0 0 ....June 1,1904 5s, A&O, 11,000..Oct. 1,1919-20
Bonded debt Aug. 1, ’ 97..$487,000 Annexation.......................1886 4
M & S Mch. 1, 1906 $126,000
School B onds—
1923 1,500,000
M & S Mch.,
5s, F&A, $4,000.... Aug. 1, 1899 Tax valuation, real........ 3,544,007 City improvement refunding.. 4
158,000
M & s Mch. 1, 1906
5s, J&D,
1 ,0 0 0 ....Dec. 16,1900 Tax valuation, personal. 395,993 City ta x ................................1886 4
700,000
5s, F&A,
5 0 0 ....Feb. 1,1907 Total valuation 1898___ 3,940,000 Corporate............................ 1$78 6
F & A Aug. 1, 1908
500,000
J & D June 1, 1910
do
........................ 1880 5
5s, M&S, 12,000.... 1899 to 1901 Tax rate (per $1,000) ’9 6 ... 26 00
620,000
Population in 1890 was...... 7,064 Intercepting sewer............ 1888 4
A & O Apr. 1Ó, 1908
($4,000 yearly on Sept. 1.)
201,000
1898-1900
5s, J&D, $12,000.... 1899 to 1904 Populat’n ’95 (State census).10,467 School bonds..................... ..... 4
200,000
1917
do
do (high)...........1897 3*35
($2,000 yearly on June 1.)
100,000
do
do
1898 4
The assets of the township in 1897 amounted to $670,214 53. Of
180.000
Mch.
1,
1909
M
&
S
Sewer...................................
1879
6
this amount $11,356 87 was cash; $143,200 value of real estate;
30,000
M & s Mch. 1, 1907
do ................................. 1-93 4
$120,000 value of water system; sinking fund, $121,766 91; arrears of
270,000
Mch.
1,
1909
M
&
H
Street improvement........ 1879 6
taxes, $98,276 76; other assets, $175,613 94.
500,000
M & N May 1Ó, 1906
do
do and sewer. 1886 4
INTEREST on the redemption bonds is payable by the Central Street opening.................... — 4
100,000
1915
1915
Trust Company, New York; on the street improvement bonds by the Tax arrearage..................1890 41* J & J
28,000
1900
National Newark Banking Company; on the sewer bonds due Sept. 1,
51,000
J & J July 1, 1899
do
1889 4
1901, and on $5,000 due annually at the German National Bank; on
34,000
1901
do
1891 4
all others at the Essex County National Bank.
33,000
1902
do
1892 4
31,000
1903
do
1893 4
53,000
1904
do
1894 ..
L O N G B R A N C H . — Long Branch isinMonmouth County.
66,(>on
1905
do
1895 ..
66,000
$83,000 I Tax valuation, person’l.$l,216,480
1906
Bonded debt 1897.......
do
1896 ..
86,000
74,700 I Total valuation 1896...10,902,630
1907
Floating d e b t.............
do
1897 ..
300,000
157,700 Tax rate (per $1,000) ’98.
20*50 Public Library........ ........ .1897 4
J & J June 1, 1927
Total debt 18*7..........
50,000
11,030 Real valuation 1893...18,000,000 Water deb t................................. 7
F & A Aug. 1, 1906
Sinking fu n d...............
500,000
146,670 I Population in 1890 was........ 7,231
M & N May 1, 1905
do
........................ 1875 7
Net debt 1897............
100,000
9,686,150
I
Population
in
1880
w
as
........
3,833
M
&
N
May
1,
1909
do
.........................1879
5
Tax valuation, rea l...
70,000
1911
do
........................ 1891 5
215,000
do
........................ 1885 41« M & N May 1, 1915
M A D IS O N . — J. B a k e r , Chairman Finance Com.
20,000
do
........................ 1888 4i* M & 8 Mch. 6, 1918
20,000
J & D Dec. 2, 1908
. do
........................ 1888 4
This borough is in Morris County. Bonds are tax exempt.
20,000
J
&
D
1910
do
...................
1890
4
Water B onds—
LOANS—
When Due.
30,000
M & N May 1, 1914
do
........................ 1884 4
Subject to oall 2* years before
E lectric -Light B onds—
12,000
M & N May 1, 1916
do
.........................1886 4
Subject to call 15 years prior to maturity.
15,000
A & O Apr. 1, 1917
do
........................ 1887 4
5s, A&O, $60,000......... Aug., 1920
maturity.
6,450,000
F
&
A
Feb.
1,
1922
do
........................
1892
4
5s, A&O, $15,000....... Jan. 1,1911 5s, A&O, 10,000.*....... Oct., 1921
20,000
1912
do
........................ 1892 4
5s, A&O,
5 ,0 0 0 ....... Oct. 1,1911 5s, A&O, 10,000....... Apr. 1,1923
55,000
1913
do
........................ 1893 4
5s, A&O, 15,000....... Apr. 1,1913 Total debt in Mar., 1898. $163,000
40,000
1915
do
........................
1895
4
Assessed valuat’n, real.$l,689,725
R oad B onds—
40,000
1916
do
.........................1896
..
346,145
4*28, F&A, $31,000...1899 to 1909 Assessed valuat’n, pers.
100,000
1927
do
........................
1897
4
Total valuation 1897... 2,03=>,870
($2,000 due yearly.)
335,000
1911
Market ..............................1891 4
Assessment is
actual value.
School bonds—
IN T E R E S T is payable at the office of the City Treasurer and at local
5s.........$15,000...............1917-1931 Total tax (per $1,000) ’ 96...$20*80
banks.
Population in 1890 was.......2,469
T A X FREE.— The city’s bonds are all exempt from taxation.
IN TE RE ST is payable at the First National Bank o f Madison




October, 1898.

6 3

NEW

T O T A L DEBT, S IN K IN G FUNDS, E t c —
Jan. 1,189*!. Jan. 1,1897. Jan. 1,1896*
Tot. bond, debt (incl. water dbt.)$14,086,000 $13,773,000 $14,160,000
2,784,653
2,900,315
Sinking funds............................. 3,028,225

The sinking fund receives yearly about $24,000, raised by taxationnd from the water-works and other sources. The available assets con­
sist of unpaid taxes ($110,105j, assessments in arrears ($113,e lo ),
and cash in treasury ($101 67) and sinking fund o f $114,948.

C IT Y P R O P E R T Y is valued at $2,415,000.
Net bonded debt.................. $11,057,775 $10,988,347 $11,259,685
Water debt (included above).. $7,757,000 $7,757,000
$7,717,000
A S S E S S E D ‘V A L U A T I O N . — The city’ s assessed valuation (about
Temporary loans (additional) . $738,000
$932,000
$660,000 one-half of the cash value) and tax rate for a series o f years have been
The sinking fund receives each year an amount equal to about 3 per as follow s:
Personal Indebtedness Total Assessed Tax Bate
cent of the bonds outstanding.
Temporary loan bonds are only issued against such assets as unpaid Years.
Beal Estate. Property, to be deducted. Valuation. jper$l,000
$9,952,719 ............
taxes of the last two years which are not applied to the payment of 1898.........$-,976,540
$976,179
$86,385
9,837,447 $25*00
tax-arrearage bonds, and unpaid assesments for street paving and 1897........ 8,816,810
............
1,020,637
8,425,000
28*80
sewer improvements.
791,400
............
1895........ 7,630,600
6,594,780
27*00
782,000
137,920
DEBT LIMITATION.—The city’s debt is limited by law to 15 per 1890........ 5,950,000
5,557,950
27*40
732,700
92,050
1887........ 4,917,300
cent of the total valuation.
21*00
529,100
........
ASSESSED VALUATION.—Property is assessed at about 70 per 1880........ 3,919,700
cent o f actual value:
POPULATION.—The estimated population in 1898 was 25,000’
Total
Total
in 1890 it was 18,844; in 1880 it was 13,207; in 1870 it was 9,34$.
Beal
Persona*
Assessed
Tax per
Years.
Estate.
Property.
Valuation.
$1,000.
1 8 9 8 ............... $111,979,904
$27,798,994
$139,778,898 $21*00 r~> a n o a t r 5 ANDREW McLEAN, Mayor.
1897................. 111,273,650
27,275,414
138,549,064
19*80 r ' A b o A I U . — ( R. B. TINDALL, Clerk.
1896................. 108,872,790
26,130,716
133,483,311
19*60
This
city
is
in
the
county
of the same name.
1895................ 106,012,950
25,587,787
*130,085,787
19*80
1890...............
88,729,905
25,265,475
113,995,425
18 20
Street I mp . B onds (renewal)—
LO A N S—
When Due.
65,733,315
17,631,095
83,364,410
...... City B onds1880................
5s, M&N, $9,010...............................
Street I mp. Bonds —
58, J&D, $21,000..June 1,99 ’ 19
* Less indebtedness sworn off.
5s, J&J, 23,500..Jan. 2, 1902 4»2S,.......$50,000............1913-1917
18,000.........1895-1914 ($5,000 yearly to July 1,1913, and
POPULATION.—In 1890 population was 181,830; in 1880 it was 5s............
1914, $10,000 in 1915, $15,000
5s,
11,500............ 1918
136,508; in 1895, according to the State census, it was 215,807.
in 1916 and 1917.)
5s, . . . . ,
25.000.Nov., 1900-’24
T a x B onds—
4*as.........
7,500................... 1906
,.s
, ........ $17,000..............................
5s,
.
.
.
.
,
32,500....
1899
tc
1911
N EW B R Ü N S W I C K .- g 'S S Ä
($2,500
yearly
on
Mar.
1.)
Bonded
debt Jan. 1, ’98. $444,769
This city is situated in Middlesex County. The city is advertising for
Floating
debt__________ 239,077
P
ublic I mprovements —
sale Oct. 20; $62,000 4% sinking fund bonds.
Total
debt
Jan. 1,1898.. 683,846
5s,
....,$
7
0
,0
0
0
.............1899-1912
LO A N S—
When Due.
LO ANS—
When Due.
Sinking
fund
and ca sh ... 103,996
P
ublic
P
ar
k
B
onds
—
R evenue B onds—
Street * Se w e r B onds—(Con.)
5s,
J&J,
$33,000.....................
1905
Netdebt
Jan.
1, 1 8 9 8.... 579,850
4s, M&N, $ 1 8 ,0 0 0 ....------------------ 6s, M&N, $19,500.. 1900 & 1901
Tax
valuation,
real........ 6,459,632
($3,000
due
yearly)
to
1915
Sinking F und B onds—
6s, M&N, 18,500.. 1901 & 1902
Tax
valuation,
personal. 1,009,810
S
chool H ouse B onds—
6s, M&S, $11,000..Sept. 1,1902-3 6s, M&N, 24,000. .1902 & 1903
Total
valuation
1897___ 7,469,442
to
1906
5s,
J&J,
$12,000........1896
6s, M&S, 41,000.. 1901, ’02 & ’ 03 6s, M&N, 37,000.. 1903 & 1904
4Ljs, J&D, 35,000___1913 to 1917
Assessment is % actual value.
6s, J&J, 141,500.. 1905 & 1906 6s, M&N,
500.. 1904 & 1905
Total tax (per $1,000) ’ 97...$30*00
($7,000 yearly on Dec. 1.
5s, M&S, 22,000..Sept. 1,1901-2 6s, M&N,
4,500..1905 & 1906
5s............. $9,000.................... 1912 Population in 1890 was....... 13,028
5s, M&S, 25,000..Sept. 1,1902-3 6s, M&N,
1.000..1906 & 1907
5s........... . 19,000......... 1895-1915 Population in 1880 was....... 6,532
5s, J&J,
15,000 Jan. 1,1905-6 6s, M&N, 11,500..1907 & 1908
4*28, . . . . . 4 6 , 0 0 0 .........1899-1914 Population in 1895 was....... 17,894
4*28, M&N, 12,000..Mav 1,1907-8
Water B ondser B onds—
4^s, A&O, 9 5 ,0 0 0 ....Oct. 1,1919 78, M&N, $25,000... .Mch. 1,1899 , . sS,ew
......., $90,000..............................
4*28........... 65.000.........................
7s, M&N, 50,000. .Mch. 1,1903-4
4s, ......., 10,000.........................
7s, M&N, 1 2 ,5 0 0 ......Nov., 1898
IN T E R E S T is payable at Passaic National Bank, Passaic, N. J.
4s, M&N,’ 6 5 ,000.... 1907 & 1908 ($5,000 due yearly) to Nov. 1,1900
4s, M&S, *10,000..Mar., 1907-8 7s, M&N, 2 0 ,0 0 0 ....Nov. 1,1898
3s, M&N, *10,000..Nov. 1,1908-9 $10,000 du ey’rly to Nov. 1, It 99)
PEARCE, Clerk.
3s, M&S. *40,OOO..Sept.l, 1917-18
P A S S A I C C O .— 5p. h. SHIELDS, Collector.
R efunding B ondsStreet and Sew er B onds—
48, M&N, $151,000....M ay 1,1922
County seat is Paterson.
7s, M&N, $14,600.... 1898 & 1899 4*28, M&N, 6 8 ,0 0 0 ....Nov. 1,1926
R ebuilding B ridge B onds—
LO A N S —
When Due.
6s, M&N, 229,000.... 1898 & 1899 48, M&N, 1 1 0 ,0 0 0 ....May 1,1923
B
ridge B onds—
5s, M&S, $24,000 ................. 1905
6s, M&N, 30,000.... 1899 & 1900
5s, A *0 , $13,000.......Out. 1,1905 5s, M&S, 40,000......................1906
"The bond issues marked thus (*) are all held by the sinking fund.
R oad B onds—
Interest is payable in Paterson.
5s, M&N, $40,000...... May 1,1899 Total debt Sept. 1, ’ 98.. $362,000
T A X F R E E .—The city’s bonds are exempt from taxation.
5s, F&A, 20,000........ Feb. 1,1900 Tax valuation, real.......51,667,134
IN T E R E S T on all bonds payable at the National Bank o f New 5s, M&8, 30,000 Mar.l,1900-’01
Tax valuation, personal 9,086,097
Jersey, New Brunswick, where principal will be payable at maturity. 5s, M&N, 25,000.................... 1901 Total valuation 1898....60,757,631
Court H ou - e BondsAssessment about *3 actual value.
T O T A L D EBT , S IN K IN G FUND, E t c Apr. 1,1898. Apr. 1,1897. Apr. 1,1896. 48, J&J, $100,000...Jan. 1, ’02-’03 Population in 1890 was___105,046
Total municipal debt.................... $1,293,600 $1,570,600 $1,574,800 4s, F&A, $100,000..Feb. 1 ,’08-’09 Population in 1898 (est.)..165,000
Sinking funds and cash assets__
225,230
441,994
397,593
-|t—
>
(JAMES PARKER, Comptroller.
Net debt.................................... $1,068,370 $1,128,606 $1,177,207 r r a r-p-i—
1
W. BALDWIN, Treasurer.
Water debt, included above..........
132,500
190,500
205,500
Floating debt (included above)...
6,500
9,500
13,000
This city is in Passaic County.
C IT Y PR O P E R TY .—The city owns public buildings, steam fire
LOANS—
When Due.
LOANS—
When D ue'
engines, etc., and water works which cost $493,000. Tne gross earn­
City H all B ondsR enewal Bondsings from the water-works for the year 1896 were $57,322 includ­ 58, M&N, $115,OOO..May,’97-1907 68, M&N, $30,000.................... 1901
ing rental of fire hydrants; the cost and maintenance was $24,919, 5s, A&O, 155,000...... part yearly 6s, F&A, 60,00 0 .... 1903 to 1904
leaving a net income for the year of $32,403.
412s, M&N,120,000............. ............. 6s. J&D, 20,000.................... 1905
ASSESSED VALUATION.—The city’s assessed valuation and tax 4s, J&J, 100,000............. ............. 6s, M&S, 14,500.....................1903
rate have been as follows :
Sew br Bonds—
5s, A&O,
9,500.............................
Beal
Personal
Total Assessed Bate o f Tax 6 s, J&D, $3,000............ 1902
4s, J&l>, 23,000..............................
Year.
Estate.
Property.
Valuation.
per $1,000. 5s, J&D, 16,000............
..1902 4*28, J&D, 47,000.................1 9 0 4
$1,981,956
$10,301,241
$24*00
1 8 9 8.... . . . $8,319,286
5s, MAS, 30,000............ 1902
4*28, J&D, 58.000.................... 1906
2,042,375
26*00
1 8 9 7.... . . . . 8,574,176
10,616,551
School B onds—
4^28, J&D, 42,000..................... 1906
1 8 9 5.... . . . . 8,120,000
2,105,000
26*00
7s, J&D, $7,000............ 1900
10,225.000
os, J&D, 41,000................... 1907
1890___ . . . . 7,900,000
2,150,000
24*60
7s, J&D, 20,000......... 1901 to 1904 4s, J&D, 100,000__1908 to 1916
10,050,000
1886-----.....4 ,0 6 2 ,4 55
1,325,850
5,388,305
41*40
58, J&J, 50,000..............1907
4s, J&D, 32,400___ 1909 to 1911
1,243,000
1880___ . . . . 4,173,000
5s, F&A, 50,000 ........ Aug. 1,1908 48, J&D, 94,500.....................1913
5,416,000
35*81
4^28,
A&O,
25,000..Oct.
1,1910
4s, J&D, 85,000.................... 1914
PO P U L A T IO N —In 1890 population was 18,603; in 1880 it was
4i*s, A&O, 25,000.. Oct. 1,1911
4*28...... . 59.000......................1917
17,166; in 1870 it was 15,058; Police census, 1894, 20,338.
Sew er Appropriations —
4s, A&O,50,000.......1913-15
($25,000 on April 1.)
4s,
J&D. $65,500........1900 to 1905
v t~ > a tv t /—
«tt>
5 JOHN GILL, Mayor.
4s.........$15,000...........
1918 412s, J&D, 36,000.................... 1909
U K A I N U H . . — l c . G. WILLIAMS, Collector.
Street I mp. Bonds—
5s, J&D, 67,000.............................
Orange is situated in Essex County, None of the city’ s bonds can be 4 s , ........$97,000.......... Jaly 1,1908 5s, M&N, 14,00 0 ............................
retired before maturity.
Funded D ebt —
P ar k B onds—
LOANS—
When Due.
LO A N S—
When Due• 6s, J&D, $10,000...... 1899 to 1900 4s, A&O, $125,000.. 1908 to 1921
W
ar
B
ounty
«
onds
—
4s,
J&D,
20,000............
1921
D eficiency B ondsSew er B onds—(Con.)—
15,000.................. 1901
78, A&O, $10,000.......Apr. 1,1899 5s, J&J, $30,000........ Jan. 1,1904 7s, J&D, $42,500. ... 1899 to 1900 5s, J&D,
........
_
5s, J&D,
15,000.................. 1911
P oor H ouse B onds—
($5,000 due y’rly) to Jan. 1,1909
5s, J&D, $3,000..,___Dec. 1,1898 5s, J&J, $16,000...Jan. 1,1910-11
PAR V A L U E OF B O N D S — Most of the bonds are for $500 each.
($1,000 due yearly) to Deo. 1,1900 5s, J&J, $20,000...Jan. 1,1913-14
School H ouse B onds—
5s,J&J, 6 0 ,0 0 0 ......Jan. 1, 1915
IN T E R E S T is payable at the City Treasurer’ s office.
5 s ,........ $1,800..................... 1903
($15,000 due y’rly) to Jan. 1,1918
TOTAL D E B T 5s.......... 8,000.............1900-1901 5s, J&J, $80,000........ Jan. 1, 1919
Mar. 18,’98. Mar. 20,’96. Mar. 20,’95. Mar. 20,’94.
5s, J&D,
3,000....Dec. 1,1902
($20,000 due y ’rly) to Jan. 1,1922
5s, J&D,
5,000....Deo. 1,1903 5s, J&J, $50,000........ Jan. 1,1923 Total bonded debt...... $2,548,000 $2,551,000 $1,861,500 $1,532,000
4*28,....
40,000....1900to 1907
($5,000 due y’rly) to Jan. 1,1932 Bills payable, certifi­
cates, &o..................
623,898
416,572
929,114
942,305
($5,000 due yearly.)
412s.........$125,000.. .1915 to 1921
4*26, J&J, $60,000...1913 to 1918 4^28,....... 150,000...1904 to 1914
Total
debt............
$3,171,898
$2,967,572
$2,790,614
$2,474,305
($10,000 yearly on July 1.)
Ta x and A ssessment A rrears —
Sew er B onds4*2&5s, ....,$ 1 0 2 ,0 0 0.-1 8 9 9 1908
F R E E D O M FRO M T A X A T IO N — The city taxes none of its bonds.
68, ....... , $57,000.1929 to 1933 4 12&5s.........
34,400..1899-1908
5s, J&D,
5,000. June 1,1922
Water B onds—
C IT Y P R O P E R T Y —The city owned property and other available
4*28, M&N, 121,000....1898 1899 5s, A&O, 344,000.......Oct. 1,1912 assets on March 20,1895, amounting to about $3,807,713; cash in
5s, J&D, 250,000. June 1,1923
treasury (included) $60,687.
($25,000 due yly) to June 1,1932 |
A S S E S S E D V A L U A T IO N — The city’s assessed valuation (about
IN T E R E S T ia payable at the United States National Bank, N. Y., or three-fourths
of the cash value) and tax rate have been as follow s:
at the Orange National Bank or Second National bank of Orange.
Beal
Personal
Total
Bate o f Tax
T O T A L D E BT , E t c Property.
Assessed Val. per $1,000.
M a y l 6 ,1898 May 1,1897. M a yl3 ,’96. Mar., 1895.
1897........$37,223,438
$7,207,981
$44,431.419
* $25*00
Total municipal debt.$1,515,200 $1,571,000 $1,618,800 $1,537,800
1896........ 36.320,148
7.243,536
43,563,684
25*00
Sinking funds and
1895........
33,383,259
6,837,093
40
220
352
25*00
other assets............
349,038
128,759
92,674
120,975
1894........ 32,458,885 .
6,829,018
39,287.903
25*00
1890........
4,947,009
28,928,690
25*00
N e td e b t..............$1,166,162 $1,442,241 $1,526,126 $1,416,825
1880........
16,348,608
3,544,517
19,893,125
21*10
Water debt (included
above)..................... $344,000
$344,000
$354,000
............ .P O P U L A T IO N —In 1890 population was 78,347; in 1880 it was
Floating debt......................................................
$20,000
$30,000 51,031; in 1870 it was 33,579; in 1895 it was 97,344.




.— £c.

STATE AW® CITY SUf plEMEWT,

64
P E R T H

<IRA B. TICE, Mayor.

A M B O Y . — (G ARRET BRODHEAD, Treas.

This city is In Middlesex County.

LO ANSI Tax valuation, personal. $227,900
School bonds......................$103,900 |Total valuation 1898---- 3,646,580
Assessment bonds, e tc ... 176,800 Total tax (per $1,000) ’98— $24-90
Bonded debt Mar, 18, ’ 98. 526,000 |Population in 1890 was....... 9,512
Water debt (included)___ 305,000 i Population in 1880 was....... 4,808
Tax valuation, real........ 3,418,680 |Population in 1897 (est.) — 15,000
( B. C. FROST, Mayor.

P H I L L I P S B U R G . — ( FRANK KNEEDLER, Clerk.
This town is in Warren County.
LS treet and Sew er Bonds—
4s, A&O, $60,000........Oct. 3,1917
4s, A&O,
9,500........1906 & 1914
Total debt Apr. 1, 1898..$108,100
Tax valuation, real___ 2,761.971
Tax valuation, personal 636,442

Total valuation 1897.. .$3,398,413
Assessment about ^ actual value.
Tax rate (per $1,000) ’97.. .$18’00
Population in 1890 w as......-8,644
Population 1898 (est’d)......10,500

P L A I N F I E L D . — C h a s . J. F i r k , Mayor.
This city is in Union County.
Sewer bonds, 4 s ............. $100,000 I Total valuation 1897...$7,852,430
Floating debt....................
87,? 00 |Assessment about ^ actual .xwue.
Total debt 1897............... 187,500 Total tax (per $1,000) ’98...$24-20
Assessed valuation........ 6,691,895 |Population in 1890 was
11,267
Assessed valuation....... 1,160,535 |Population in 1895 w a s .....13,629
t—
i a t t t t t a -\7( CHAS. B HOLMES, Mayor.
I x A r l W A x .— ( r YANDERHOVEN, Treasurer.
iLThis city, of Union County, was declared bankrupt in 1882, and a com­
promise of the debt exclusive of the water debt ($185,000) was forth­
with agreed to with most of the leading creditors at 35 cents on the
dollar, the debt, exclusive of water debt, then amounting to about
$1,200,000. This settlement was completed in 1894, and interest is
now paid promptly on the new bonds. The water bonds were 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 cent rate.
Interest on the water bonds is also promptly paid.
LO A N S—
When Due. Water debt additional.. $185,000
Assessed valuation....... 3,170,625
A djustment B onds 1882—
137,425
4s, M&N. $589,407.. .Nov. 1,1922 Assessed valuation.......
Total va lu a tion ........... 3,033.200
Subject to call at any time.
Total tax (per $1,000) ’ 98 ..$27-90
School B onds—
4^8, J&J, $ 3 5 ,0 0 0 ....,....... 1918 Population in 1890 was......... 7,105
Population in 1880 was.........6,455
Water B onds R enewed ----4s, J&J, $185,000.
July 1,1932 Population in 1895 was.........7,945
Total debt Jan. 1,1898.. .$589,407
Interest payable at Mercantile Trust Co., New York City.
All bonds are exempt from taxation when held in New Jersey,

R E D B A N K . — E. 0 . D avis , Chief Commissioner.
This town is in Monmouth County.
LO A N S—
WA n Due. Assesseed valuat’n ’97.$2,700,000
Tax rate (per M.) ’97............ 16-36
W ater -W orks B onds—
1914 Population in 1890 w a s .......4,145
5s.......... ,$60.000...............
Population
in 1898 (est,)___6,000
4s.......... . 25,000..............
1919
Bonded debt Jan. 1,’9 8 ... .$85,000
-t x

t

T rp t

K U i

t r x t—
, tt*/—\i—x f—\

( EDWARD J. TURNER, Mayor.

U r i U , — ( jo seph

w . burgess,

clerk.

Is in Bergen County. The bonds are exempt from taxation.
LO ANS—
When Due. Tax valuation, personal. $183,525
Total valuation 1897___2,036,840
R oad and Sew er B onds—
4*28, J&J, $75,0 0 0 ....July 1,1922 Assessment about ^ actual value.
Bonded debt Feb. 1 ,’98.. $75,000 Total tax (per $1,000, ’ 97..$39-30
Floating debt.................
76,273 Population in 1890 was........2,293
Total debt Feb. 1,1898.. 151,273 Population in 1898 (est.)......5,000
Tax valuation, real........1,853,315
IN T E R E S T on the borough’ s bonds is payable in gold at the National
Bank of the Republic, New York.

R I V E R . — C. E. M artin , Chairman.
This township is in Bergen County.
$3,000
LO A N S—
When Due. Sinking fund...............
Net debt 1897.................
93,500
H ighway B onds—
5s, F&A, $90,000. Aug. ’98 to 1923 Tax valuation, real.......1,171,155
47,615
Bonded debt 1897.......... $90,000 Tax valuation, personal
Floating debt..................
6,500 Tax valuation 1897....... 1,218,770
$27-40
Total debt 1897.............
96,500 Total tax (per $1,000)..
Bonds are exempt from taxation. Population in 1890 w a s ........ 2,197
IN T E R E S T at People’ s Bank & Trust Co., Passaic, N. J.
SA D D LE

S A L E M . — G e o r g e B. B u m s e y , Treasurer.
This city is situated in the county of the same name.
LO A N S—
When Due. Tax valuation 1897.......$3,817,975
Water B ondsAssessment about actual value.
58, J&J, $15,000.........July 1,1901 Tax rate (per $1,000) ’97. ..$12-90
5s, J&J, 20,000.........July 1,1906 Average school ta x ............... 2 80
Sew er B onds—
Population in 1890 was.........5,516
5 s , .. . . ,
3 ,0 00 ...................... 1904 Population in 1880 was.........5,056
Total debt Dec. 1, ’97...... $38,000 Population in 1897 (est.)....... 5,600
IN T E R E S T is payable at the Penn Mutual Life Ins. Co., Phila., Pa.
5 W. J. LOGAN, Director.
( E. B. ALLEN, Treasurer.
County seat is Somerville.
LO ANSWhen Due. Tax valuation, real__ $15,364,814
Tax valuation, person’l. 5,458,570
County Notes.
5s, var...... $72,705___ On demand Total valuation 1897.. .20,823,384
County and school t a x .......... $9-00
Surplus R evenue .
Assessment is 33 actual value.
6s, Sept..........$47,818........ On call.
Total debt Feb. 1,1898 $120,523 Population in 1895 was....... 30,447
Population in 1890 was....... 28,311
N T E R E S T payable at County Collector’s office.

SO M E R SE T CO.

SO U TH

<H. H. HART, Pres.

O R A N G E . - ( PHILIP H. CAMPBELL, Treas.

This village is in Essex County.
LO ANSWhen Due. Total debt Feb. 15,1898. $97,656
Tax valuation, real........ 3,896,700
B uilding B onds58, J&J, $25,000............................... Tax valuation, personal. 449,700
Total
valuation 1898___4,346,400
Sew er B onds—
5s, F&A, $25,000......................1922 A ssessment is *3 of actual value.
Village tax (per $1,000)........ $8-60
w ater B onds —
5s, A&O, $45,000.............................- Population in 1890 was........ 3,106
Bonded debt Feb.15,1898.$95,000 Population in 1880 was........ 2,178
Floating debt....................... 2,656 Population in 1898 (est.)___4,800
Principal and interest of bonds are payable in gold.




Voi. L X VII

c r T A /T A /r T T
) GEO. WILCOX, Chairman.
O UIV11V11 1 .— \J. F . H AAS, Treasurer.
This township is in Union County.
LO A N S—
When Due. ' Tax valuation, real.......$1,933,800
Tax valuation, personal 300,550
School B onds58, semi-an.,$12,000..Jan. 1,1899 Tax valuation 1897....... 2,234,350
Assessment about *4 actual value.
($1,500 due yearly) to Jan. 1,1906
State & Co.tax(per $1,000)’9 7 $8-00
Sew er B onds—
City
tax (per $1,000) 1897.$29-20
6s, semi-an., $70,000.. Jan. 1,1899
($10,000 due y’rly) to Jan. 1,1905 Average school ta x ................. 2-60
Population in 1895 w as........ 4,819
Interest payable at Summit.
Bonded debt Feb. 1,1898. $82,000 Population in 1890 was.........3,502

T R E N T O N . — W . J. B. Stokes, Treasurer.
Trenton is in Mercer County. The sinking funds are well maintained
and the water works are much more than self supporting.
LO A N S—
-— Interest.— > /------------ Principal.----------- >
NAME AND PURPOSE.
Bate. Payable.
When Due.
Outstand'g.
1904
$1,700
Alms House...............1894 4
............
2,000
1907
City Hall Improv’t .. 1897 4
............
Nov.
22,1907
2,000
Contingent bond__ 1897 ......................
Aug. 1,1900 to ’09 I 79.000
Coupon bonds.............. 1895 4 F & A - ($7,900 due y ’rly.) (
14.000
1899
Fire Department.......1892 4
............
45.000
1912
do
1892 4
............
170.000
July 1, 1911
Funding....................... 1881 4 J & J
130.000
May 1, 1905
do
......................1885 4 M & N
5.000
Dec. 1, 1916
Park improvement... 1891 5
............
June 15,1913
69.000
do
do
...1 88 8 4
J & D
25.000
May 1, 1916
do
do
...1891 4
............
5.000
July 1, 1917
do
do
.1892 4
............
27.000
1918
do
do
...1893 4
............
4.000
1906
Pavem., Clinton Ave.1896 4
............
18.000
Dec. 15,1910
Police Department.. 1890 4
............
6.000
1905
do
do
..1895 4
............
3.200
Feb.
15,1902
Poor emergency.......1892 4
............
5,700
1905
Poor, almsh.&print’g .’ 95 4
............
2,000
1907
Poor bonds...................1897 4
............
School B onds—
14.000
Aug. 1, 1901
School house................1891 5
............
4,500
Moh. 1, 1899
do
do ..............1889 4
M & S
6,000
Dec. 15,1900
do
do ..............1890 4
............
22.000
Feb. 16,1911
do
do ..............1891 4
............
18,000
May 15,1913
do
do ..............1893 4
............
9.000
Oct. 1, 1917
do
do ..............1892 4
............
6.000
Jan. 16,1918
do
do ..............1893 4
............
18.000
1914
do
do ..............1894 4
............
21,000
1916
do
do ..............1*96 4
............
8,000
1917
do
do ..............1807 4
............
14.500
Nov. 10, 1917
d
do ............ 1897 4
............
12,000
July 1, 1908
Special school-h. loan.1888 4
J & J
8,000
Oct. 1, 1908
do
do
do
1888 4
A& O
22,600
Deo. 1, 1901
............
Sewer bonds................ 1891 5
28,000
Aug. 1,1902
do
1892 4
............
26,000
Sept. 1,1902
do
1892 4
............
39.000
Jan. 14,1903
do
............... 1893 4
............
45.000
Aug. 1, 1903
do
1893 4
............
101.000
1904
do
...............1894 4
............
240,800
1905
do
...............1895 4
............
158,400
1906
do
1806 4
51,600
1907
do
............... 1897 4
............
17,100
1907
Sewer Commission’rs.1897 4
.......
5June 16,’99-1903)
20.000
Volunteers, 1864........ ....... 6
J & u l $5,000 yearly. 5
Feb. 9,1899-1900)
20,000
F& A
1864.
do
$10,000 yearly. )
26.500
Apr. 16,1907
Refunding Bonds, 1897
29.000
Aug. 13, 1907
do
do
1897.
8.200
Nov. 10, 1907
do
1897.
do
45.000
1908
do
1898.
do
72.000
Sept. 5, 1908
M & S
do
1898.
do
Chambersburg B onds, A ssumed :
13.000
A& O
Apr. 20,1913
Parks, 1888.......................... 5
Subject to call in 1898.
36.000
Redemption, eto... 1885-6 5 Semi-an.
1905 & 1906
Subject to oall after 10 years.
Loans P ayable by Special A ssessment :
Assessed upon city—
5,421
1901
............
Street improvement.. 1891 5
7,185
1903
..1893 5
............
do
do
1,930
Oct. 15, 1899
............
do
..1889 4
do
2,733
Apr. 15,1900
............
do
..1890 4
do
2,275
Feb. 16,1901
............
..1891 4
do
do
2,483
Aug. 1,1902
..1892 4
............
do
do
3,801
1904
..1894 4
do
do
12,625
4
............
1905
..1895
do
do
4,196
190«
............
do
1896 4
do
4,769
1907
........ .
..1897 4
do
do
Assessed upon property benefited—
22,815
Nov.
15,1903
....1893 5
............
Pavement.
46,504
1901
1891 4-5
do
49,070
Oct. 15,1899
1889 4
A& O
do
16,967
Apr. 15,1900
1890
do
15,517
Aug. 1,1902
.1892
do
19,898
) 904
,1894
do
27,875
1905
.1895
do
29,5» 4
1906
.1896
do
27,431
1907
.1897
do
Water L oans R eported Separately :
75.000
May 15,1913
City water.................... 1893 4
175.000
Jan. 1, 1917
& J
do
1897
175.000
Jan. 1, )927
& J
do
1*98
11.000
1905
Chambersbufg water, 1885
5.000
Feb. 5, 1906
F& A
do
do
1886
7.000
July 1, 1906
J & J
do
do 1886
20,000
1907
J & J
do
do 1887
45,000
1906
do
do
1896
INTEREST is payable at Treasurer’s office in Trenton.
T O T A L D EBT . Et c .—The subjoined statement shows Trenton’ s
total municipal debt, the sinking fund held by the city against the same,
and the water debt on March 1,1897,1896,1895 and 1894.
Mar. l , ’ 97. Mar. 1,’96. Mar. 1, ’ 95. Mar. 1,’94.
Total bonded d e b t....$2,422,700
$1,775,900 $1,620,100 $1,535,200
518,192
463,224
565,676
592,563
Sinking funds.............
Net debt..................... $1,904,507
$1,312,676 $1,054,424 $942,637
Water debtinc. above. $343,500
$123,500 $283,500
$285,500
C IT Y P R O P E R T Y . —The total value of property owned by the city
js estimated at $2,380,000, including water works, $1,500,000.
ASSESSED VALUATION.—Property assessed “ at about one-half
actual value.’’
Net
Bate o f Tax
Personal
Beal
Property. Deductions. Valuation. per$l,000.
Tears.
Estate.
$6,227,132 $1,360,142 $28,859,670 . . . . . .
1 8 9 7 ..
.. $23,992,680
1,449,692
28,696,715
21-50
1 8 9 6 ..
.. 23,646,4076,500,000
28,437,003
2000
1 8 9 5 ..
.. 22,940,7865,496,217
25,695,846
1,484,959
18 9 0..
.20,199,162 6,981,643
PO PU LA T IO N .- In 1890 population was 57,458; in 1880 it was
29,910.

Popula
Tax
Total
Assessed rate per non in
Debt.
Valuation. $ 1,000.
1890.
T own H all Construction —
. $15,500
161
$187,480 $30-00
5s........... $22,000.......July 1,1898
. 52,000 18,057,880
28,836
($2,000 due y ’rly) to July 1 , 190-1
. 10,000
153,800
27-00
Bonded debt 1897............. $331,000
__L
. 18,=>00
18-35
332,100
Floating debt..................
17,362
. 28,000
15T0
1,143,450
Total debt 1897............... 348,362
. 10,800
254,425
26-30
Tax valuation, real........ 3,543,700
4,232
. 22,877
700
1,635,830
Tax valuation, personal. 260,50o
i. 11,926
21-20
5,000
Total valuation 1898___ 3,804,200 Bound Br’k ( Bor. », Somers't Co». 24,000
17-50
1,462
1.261,390
Tax rate (per $1,000) 1896.$26-00
. 15,700
13-40
9,323
6,217,316
Population 1890 was..........10,643
. 30,000
27-60
184,400
Population 1894 (estimated) 13,000
. 14,000
6,315,923
4-70 11,268
. 45,000
1,744,520
25-00
2,136
Chester, Burline
T T IN T T O M ( T V
5 J* F* HUBBARD, Director.
. 40,000
4-00
2,736,868
3,768
U 1N 1U 1N O
^E. M. WOOD, Collector.
. 10,929
704,256
25-00
County seat is Elizabeth.
. 124,345
1,199,300
23-20
1,717
. 30,000 19,228,145
2-70 45,438
_ LOA NS—
When Due. Sheridan House Pur. bds..$28,000
.
19,000
383,350
15-55
D eficiency B onds (freshet)—
Interest payable at Elizabeth.
. 57,000
631,782
14-65
5s, J&J, $13,000........ 1898 to 1900 Total debt May 10,1898 $482,000
. 35,000
1,804,112
15-40
6s, J&J, 42,000........ 1901 to 1908 Tax valuation, real.......34,431,565
.
16,250
1,468,076
14-65
3,129
R oad B onds—
Tax valuation, person’l. 5,518,185
. 91,267
665,062
9-00
879
4s, J&J, $350,000___1901 to 1910 Total valuation 1898.. .39,949,750
.
12,000
1,048,950
17-00
2,642
Subject to call after ten years.
Assessment about %■ actual value.
.
15,000
1,028,950
17-60
3,833
War B onds—
County tax (per $1,000) 1897.$5*40 Hasbrook Heights, Beraen Co.. 19,400
538,081
30-08
6 s & 7s, J&J, $23,000..’98 to 1900 Population in 1890 was___ 72,467 Hightstown
(Bor ). Mercer Co... 20,000
977,491
15-30
i,875
...............$ 2 6 ,0 0 0 ..... 1907 to 1909 Population 1898................. 90,000 Holly B’ch (Bor.),Cape
May Co.. 34,600
205,857
35 00
217
All bonds issued by this county are exempt from taxation.
. 10,492 23,492,976
7-00 35,355
. 20,000
1,681,050
6-40
. 68,550
1,304,855
5-86
3,411
W E E H A W K E N . — A . J. D a v i s , Chairman
. 16,500
1,734,000
19-22
730
This township is in Hudson County.
. 12,000
269,855
25-60
998
LOANS—
When Due. Total debt 1897............... $83,762 Matawan (Bor.). Monmo’thCo.. 15,000
12-00
1,115,750
3,183
ro a d and Sew er B onds —
224,305
19,000
25-60
Sinking fund....................
400
2,000 Maywood (Boro.), Bergen Co
5s, semi-an., $29,000.............. 1905 Net debt 1897..................
. 24,000
652,820
26 0 0
1,225
81,762
School B onds—
45,500
1,562,350
24-10
2,437
Tax valuation, real........ 2,222,850 Millburn, Essex Co___
5s, semi-an., $25,000.............. 1904 Tax valuation, personal. 191,800
. 37,000
4,129,647
17-50
1,002
5s, semi-an., 20,000.............. 1911 Total valuation 1898___ 2,414,650
120,000 51,618,420
6-60 69,128
Sew er N otes—
400,000 27,251,919
9-55
Tax rate (per $1,000) 1897.$19-50
6 s , .......$9,762.................................... Population in 1890 was........ 1,943 Mount Arlington, Morris C o... 23,500
405,305
20-63
Neptune (T’wn). Monmouth Co., 30,000
15-61
2,437,140
8,333
119,000
2,402,165
16-70
3,003
W E S T F T E T D __ SIEVING I. ROS=i, Clerk.
Northampton, Burlington Co.. 29,750
2,360,180
yy
x j _ j_ , j _ 7 .
£ w< MOOREHOUSE, Treasurer.
17-50
5,376
North Arlington, Bergen Co... 11,730
143,405
29-54
This town is in Union County.
North Bergen, Hudson Co....... 27,034
3,789,185
14-00
5,715
LOANS—
When Due. Bonded debt Feb, 1, ’98. $85,000 North Plainfield, Somerset Co. 37,500
2,246,100
21-90
School B onds—
Assessed valuation, real.1,578,500
40,000
2,201,072
26-40
452
............. $25,000................................ Ass’d valuation, pers’l.. 129,850
27,933
400,570
23-30
1,690
Sew er B ondsTotal valuation 1898___ 1,708,350 Pompton( Borough), PassaioCo. 23,000
506,075
35-20
2,153
48, J&J, $30,000 .. .July 1,1927 Tax rate (per $1,000).......... $25-20 Pompton Lakes, Passaic Co__ 21,348
272,200
35-40
(Optional after July 1, 1917.)
Population 1897 (est.).......... 4,500 Princeton (Bor’gh), Mercer Co.
2,670,100
5 00
3,422
4^ s, J&J. $27,000... 1899 to 1917 Population 1890..................... 2,739 Raritan (Town), Somerset Co. 54,000
13,725
1,884,096
13-64
($3,000 yeariy on July 1.)
30,000
1,197,965
28-00
1,841
Rookaway (Boro.), Morris Co.. 25,000
343,900
22-30
27,500
893,650
, F. A. SCHWARTZ, Treasurer
23-20
W E S T H O B O K E N ,
ÍJOHN P. McMAHON, Clerk'
33,207 16,629,927
25,151
Sea Isle City, Cape May Co___ 45,143
521,691
3000
766
This town is situated in Hudson County,
South Amboy, Middlesex C o... 55,000
1,293,850
14-00
4,330
LOANS—
When Due.
R edemption B onds—(Con.)
92,000
2,416,355
22-00
6,445
A ssessment B onds5s, J&J,
3 0 ,0 0 0 .....Jan. 1. 1902
42,500
393,315
36-20
2,127
68, J&J, $34,000....... July 1.1900
A ssessm’ t & Renewal B onds 24,937
2,511,000
13-05
2,127
School B uilding & Sites—
6s , ........ $21,500.........Jan. 1,1905
15,500
250,021
31-50
5s, J&J, $5^,000 .. . July 1,1899 6s , ........ 1 0 ,0 0 0 ...... Jan. 1,1900 Warren County.
14,900 21,034,474
2-98
<$5,500 due yearly) to July 1, 1909 68, ......... 27,000........ July 1, 1910
59,779
1,073,506
22-10
R edemption B onds—
6s........... 19,000....Jan. 1,1911
11,450
163,985
35-00
5s, M&N, $50,000...... Nov. 1,1904 5 s ,---- - 7,000.......... July 1, 1911
5s, J&J, 25,000...... Jan. 1 ,1906 5s, A.&O, 20,000........ Apr 1, 1899
4 12S . J&J, 24,750..... Jan. 1,1908 5s, A&O, 20,000........ Apr. 1, 1901
INTEREST is payable at thelFirst National Bank of Hoboken and
Hudson Trust & Savings Institution.
T O T A L DE BT, E t c .— The total bonded debt on October 1, 1898,
was $326,250; floating debt, $64,000; total debt, $390,000.
ITS
ASSESSED VALUATION in 1898 of real estate was $5,095,250
D E B T , R E SO U R C E S, E t c .
o f personal property, $319,280; total, $5,414,530; total tax rate (ner
$1,000), $23-60.
POPULATION.—The population in 1890 was 11,665; in 1880 it Admitted as a State
One of Original Thirteen
was 5,441; in 1870 it was 4,132; in 1898 (estimated) 24,000.
Total area of State (square miles)
.
.
.
.
45,215
C. M. SEXTON, Chairman.
State Capital Harrisburg
W E S T O R A N G E . - 5(JOS.
MCDONOUGH, Clerk.
Governor (term expires 3d Tues. Jan, 1899) Dan’l H . Hastings
Tliis town is situated in Essex Co
LOANS
When Due. Total debt Jan. 1 ,1 8 9 8 .. $99,000 Secretary of State* (term expired Jan. ’99)
David Martin
R edemption B onds—
Assessed valuation, real.3,233,425
James 8. Beacom
4»«s, J&J, $ 2 5 ,0 0 0 ....July 1,1916 Ass’d valuation, pers’l... 505,400 Treasurer (May 1,1900)
School B ondsTotal valuation 1898___ 3,536,825
Legislature meets biennially in odd years on the first Tues­
48, g., A&O, $50,000.... 1913-1922 Assessment about *2 actual value.
($5,000 yearly on April 1.)
Tax rate (per $1,000)...........$27-40 day in January, and there is no limit to the length of the
R oad B onds—
Population in 1890 w as........ 4,358
7s, J&D, $74,000.......June 1,1902 Population in 1898 (est.)___6,000 sessions.
* Appointed by Governor, and holds his office at Governor’s pleasure.
INTEREST is payable at the Orange National Bank, Orange, N. J.
H ISTO RY OF DEBT.—For a history of Pennsylvania’ s State debt
T A X FR E E—All of the West Orange bonds are exe tnpt from taxation
from 1789 to the present time, see the State and Cit y Supplement of
1893, pages 63 and 64. The details of the debt as it now exists are
W n n D R T T R V
5 SAMUEL H. LADD, Mayor.
W U U U R U Jrt Y .— (D . T. MATHERS, Clerk.
8ubjoined.
This city is in Gloucester County.
LOANS/— Interest. — , -----------Principal,---------- ,
P.Ct. Payable.
When Due, Assessed val’tion, real..$1,899,300 N AM E AN D PURPO SE.
LOANSWhen Due. Outstand’ a.
Water B onds—
F &‘ A Feb. 1, 1922 $500,000
Ass’d valuation, pers’l... 450,750 Agricultural College b’ds,’72.r 6
4s, F&A. $50,000.......Feb. 1,1901 Total valuation 1897___ 2,350,050 Funding loan, 1881................ r 4
F & A Feb. 1, 1912 4,521,250
do
($10,000 ev’ry5 yrs.)to Feb.l, 1921 Assessm’t 65 to 70 p. c. act value.
1881.................r 3*2 F & A Feb. 1, 1912 1,642,900
4s, F&A, $12,000.......Feb. 1,1926 Total tax (per $1,000).... $16-30
Held in State >
-, „ nnA
Quar. 5
Total debt Jan. 1,1 89 8 .. $62,000 Population in 1890 was........ 3,911 Proceeds of farm sale, 1887... 6
( Treasury. \
17,000
Sinking fund, e t c ................ 6,120 Population in 1880 w as........ 2,298 Unfunded debt.......................... Has ceased.
Past due.
134,155
Net debt Jan. 1 ,1 89 8 ......... 55,880 Population 1898 (estimated) 4,000
PAR VALUE OF BONDS.—These bonds are in pieces of $50, $100
T A X FREE.—All of the above bonds are exempt from taxation.
and multiples of $ 100.
INTEREST on the Agricultural College loan is payable at the State
W n n n S T D W 1\r
? c . H. RICHMAN, Mayor.
Treasurer’s office in Harrisburg; on all other bonds at Farmers’ &
VV U U J J R 1 U W IN .— ] FRANK DAVIS, Treasurer.
Mechanics’ Bank in Philadelphia.
This borough is in Salem County.
T O T A L DEBT, Et c .—The subjoined statement shows Pennsylva­
LOANSWhen Due. Ass'd valuation, pers’l... $505,275
4 ^ s , ........ , $4,000....................1902 Total valuation 1897....1,145,425 nia’ s total public debt, the sinking fund held by the State against the
4 1a s ,........ . 30,000...................1912 Assessment is nearly actual value. same, and the State’s unfunded debt, on the dates indicated.
4 12S,........ . 6,000...................1913 Tax rate (per$1,000) 1897..$10-70
,
Dec. 1,1897. Dec. 1,1896. Dec. 1,1895.
Total debt Feb. 15,1898. $40,000 Population in 1890 was............556
$6,815,305
Assessed valuation, real. 640,150 Population 1895 (estimat’d). 1,650 Total public d e b t........ ..............$6,815,305
$6,816,309
Sinking funds............................ 5,540,638
5,067,055
4,956,989
TAX FREE.—All bonds issued by this borough are tax exempt.
N etdebt...............
$1,274,667
$1,748,250
$1,859,320
Unfunded debt (incl’d above).
134,155
134,155
135,159
A D D IT IO N A L S T A T E M E N T S .
Amount of debt redeemed........
1,004
3,552
In the table below we give statements regarding all minor civil divi­
The
sinking
fund
on
December
1,1897,
held
the
following
securities
:
sions in the State of New Jersey which have reported an indebtedness
Allegheny
Valley
Railroad
bonds,
$1,200,000;
interest
on
same,
o f over $10,000, and which are not represented among the foregoing
# ic o n re turns. We add in each case the population from the Census $25,000; United States 4 per cent consols, at i l 3, $3,135,750, and
OI J-Ot/v«
cash, $1,179,888; total, $5,540,638.

U N I O N . — R i c h a r d S c h l e m m , Chairman Council.

This town is in Hudson County.
_ LOANS—
When Due.
School H ouse B onds5 s , .......... $2,000....... Feb. 1,1900
.......... 43,000........... 1902-1915
Sew er B onds—
5 s , .......... $50,000...... Jan. 1,1899
($5,000 due y’rly) to Jan. 1,1908
•............... $15,000........Jan. 1,1913
5s, J&J, 150,000....... Jan. 1,1900
<$10,000 due yearly) to Jan. 1,1914




Place—

State of Pennsylvania.

<56

The unfunded debt mentioned in the above table consists of relief
notes in circulation, interest certificates unclaimed, interest certifi­
âtes outstanding, and bonds past-due upon which interest has
ceased.
ASSESSED VALUATION has been as follows :

/----------------------- Assessed Valuation.--------------------—>
Tears.
Beal.
Personal.
Total.
1897...............
$2,531,568,640 $826,134,137
$3,357,702,777
1896......................... 2,499,661,995
831,026,331
3,330,688,326
1 8 9 5 ..................... 2,471,018,204
770,049,820
3,241,068,024
1894......................
2,389,232,748
658,341,105
3,047,573,853
1892..................
2,303,767,431 591,007,558
2,899,774,989
1889....................... 2,002,942,127
............
..................
1888....................... 1,840,433,540
..................
..................
The above does not include valuation of railroad property.
DEBT LIMITATION —In Pennsylvania the limit to the indebtedness
o f the State, and to the indebtedness of the cities and minor civil
organizations in the State, is fixed by the State Constitution.
T.' State indebtedness.—With regard to the State, the regulations
controlling and governing debt creation, payment, «fee., are found
-n Sections 4, 5, 6 ,1 1 ,1 2 ,1 3 and 14 of Article IX of the Constitution,
and are as follows.
A rticle 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 d eb t;
and the debt created to supply deficiencies in revenue shall never
exceed, in the aggregate at any one time, one million of dollars.
Section 5. All laws authorizing the borrowing of money by, and on
behalf of, the State shall specify the purpose for which the money is to
be used, and the money so borrowed shall be used for the purpose speci­
fied and no other.
Section 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 of 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 two hundred and fifty thousand dollars;
the said sinking fund shall consist of the proceeds of the sales of the
public works, or any part thereof, and of the income or proceeds of 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 time 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 o f war, invasion or insur­
rection, no part of the said sinking fund shall be used or applied other­
wise than in the extinguishment of the public debt.
Section 12. The moneys of the State, over and above the necessary re­
serve. shall be used in the payment of the debt of the State, either
directly or through the sinking fund, and the moneys of the sinking
fund shall never be invested in or loaned upon the security of anything
except the bonds of the United States or of this State.
Section 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 of such moneys, where the same are
deposited, and how secured.
Section 14. The making of profit out of 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 for 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 of 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 of the existing indebtedness of
Pennsylvania will mature is February 1,1912, and under existing ar
.rangements the accumulations in the sinking fund will at that time
pay the total State indebtedness.
(2) County and Municipal Indebtedness.—Under the laws of
Pennsylvania the power to create county loans is in the Board of
County Commissioners, which consists in each countv of three persons,
elected tri-ennially under the minority system of voting, by which
the minority party in each County usually has one member of the Bohrd
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 following constitutional limitations.
A r t i c l e IX , Sec. 7. The General Assembly shall not authorize any
county, city, borough, township or incorporated district to become a
stockholder in any company, association or corporation, or to obtain or
appropriate money for, or to loan its credit to, any corporation, associ­
ation, institution or individual.
Section 8. The debt of any county, city, borough, township, school
district, or other m unicipality or incorporated district, except as
herein provided, sha\l never exceed seven per centum upon the
assessed value of th e taxable property therein, nor shall any such
municipality or district incur any new debt, or increase its indebted­
ness to an amount exceeding two per centum upon such assessed
valuation of pro perty, without the assent of the electors thereof at a
public election in such manner as shall be provided by la w ; but any
city the debt o f which now exceeds seven per centum of such assessed
valuation may be authorized by law to increase the same three per
centum, in the aggr e gate at any one time, upon such valuation.
Section 9. The Commonwealth shall not assume the debt, or any
part thereof, of any city, county, borough or township, unless such
deot shall have been contracted to enable the State to repeal invasion,
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
ness.
Section 10. Any county, township, school district or other munici­
pality incurring any indebtedness shall, at or bei tre the time of so
doing, provide for the collection of an annual tax sufficient to pay the
interest, and also the principal thereof within thirty years.
(3) Townships and School Districts.—In the various school district 0
o f the State the school directors have the power to create loans, sub
ject to the limitations of Section 10 above quoted, to provide for the
redemption o f the same within thirty years.
In townships, the only authority, except that of the school directors
to borrow money, is in the road supervisors, who have no power to
create bonded indebtedness, but simply to make a temporary ioan f o r




Vol. L X V II

AU®

necessary expenses, which must be provided for by an assessment of
sufficient township tax rate, known as road tax.
POPULATION OF STATE.—The population of Pennsylvania has
been reported as follows in the years named*890............ 5,258,014 i 1 8 6 0 .............2,906,215 1830............. 1,348,233
1880............4,282,891 1 8 5 0 .............2,311,786 1820............ 1,047,507
1870............3,521,951 |18 4 0 ............. 1,724,033 1810............ 810,091
SAVINGS BANKS INVESTM ENTS— PO W E R S AND RESTRIC­
TIONS. —Philadelphia is, we believe, entitled to the distinction

of starting the first savings institution in the United States. The
name this association bore was the “ Philadelphia Savings Fund
Society,” and it still exists, bearing the same name. Originally the
bank was not incorporated, but was a voluntary organization, such
societies in Great Britain being at that time of a like character. The
date of the organization was November 27,1816, and the bank was
opened for business December 2,1816. Mr. Hutchinson, who, now
holds the office of President, states that, the oldest ledgei (of the company
goes back to the time of opening, and shows a deposit on that day
(December 2,1816) of five dollars. The company was not incor­
porated until February 25,1819.
It is surprising that Pennsylvania, although engaged in such an early
venture in the department of savings institutions, should have made
so little progress in the same department since. Indeed, the second
organization does not bear date until 1847, and we think there had
only been 10 mutual savings institutions organized in the whole State
from 1816 down to the early part of 1890. We may assume, however,
that this slow development was in no measure due to a lack of desire
for savings banks on the part of the people of that common­
wealth. That such Institutions were sought and needed is
sufficiently evident from the fact that nine of the ten companies re­
ferred to above reported in 1890 that they held $63.957,341 of
deposits. In 1889 a general law, facilitating the incorporation of sav­
ings banks, was passed by the Legislature. Since then there has been
a small addition to the number of institutions, the total doing business
in the State on Nov. 16, 1897, being 16, with deposits aggregating
$82,245,532.
The provisions of the special charters are all liberal as to invest­
ments. A law passed in 1885, and a supplement of the same passed
in 1889, authorizing the extension for twenty years of special char­
ters, contains the following.
“ Provided also, that no * * * Savings Institution or Savings
Bank having no capital stock, renewing or extending its charter,
corporate rights and franchises, under the' provision* of this act, shall
thereafter be allowed the privileges of a bank of discount, nor be
allowed to loan any money received on deposit, e x c e p t first mortgage
or lien upon real estate within this commonwealth, upon the bonds or
securities of the United States or of this State, or upon county, city,
borough, township or school bonds of anv county, city, borough, town­
ship or school district within this commonwealth, or any other good
and valid setmrilies.”
Authority to loan on any “ good and valid security ” appears to con­
fer about as broad a discretion upon the managers as could be
expressed in a statute.
It was not until 1889, as already stated, that a general law facili­
tating the organization of savings institutions was passed. That
law of 1889 is indeed well adapted not only for facilitating, but for
stimulating, the growth of the system. Its influence in the latter
direction would seem to be assured under the liberality of ths
provisions respecting investments. The following is section 17, which
contains the investment limitations; we would especially direct
attention to subdivision four of this section:
S e c t i o n 17.—It 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 of 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) In the stocks or bonds of any State in the Union that has not
within ten years previous to making such investments, by such corpo­
ration, defaulted in the payment of any part of either principal or in­
terest of any debt authorized by any Legislature of such State to be
contracted.
(4) In the stocks or bonds of any city, county, town or village of
any State of the United States, issued pursuant to the authority o f any
law of the State, or in any interest-bearing obligation issued by the
city or county in which such bank shall be situated.
(5) 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
Pennsylvania. The next section (18) relates to the temporary deposit
of funds in banks and trust companies. The form of the section is
almost precisely the same as the similar section in the New York
statute, and it is consequently unnecessary to cite it in full here.

Cities ., Counties

and

T owns

in t h e

S T A T E OF P E N N S Y L V A N I A .
debt o f counties not mentioned below see “ Additional
Statements ” at the end o f this State.
N

o t e .—For

A B I N G T O N .— This township is in Montgomery County.
LOANS—
When Due. 5s, Class C, $18,000.....................
Im p r o v e m e n t B o nds—
Subject to call after May 1,1903
5s, MAN $lr>,000.......May 1,1903 5s, Class D, $35,000.....................
Subject to call at any time.
Subject to call after May 1,1908
L o a n o f 1894—
L o a n o f 1893—
5s, Class A, $9,600...................... 4*28, Class E, $30,000.....................
Subject to call at any time.
4*28, Class G, 20,000..................
5s, Class B, $15,000...................... Total debt (last returns). $127,600
Subject to call after May 1,1898 Tax valuation 1895........ 3,707,140
Population in 1890 was........ 2,703

October, 1898,

fEWWSYlVAWIA— CITIES ¿NB

INTEREST is payable at the National Bank of Jenkintown, Pa.
T AX FREE.—The loan o f 1893-94 are exempt from State taxes.

5 CHAS. GEYER, Mayor.
Y • ( JAMES BROWN, Comptroller.
Allegheny Is situated in the county of the same name.
LOANS.— Interest.— , ,---------- Principal.---------NAME AND PURPOSE.
Rate. Payable. When Due.
Outstand’g,
City park bonds............... 1886 4
J & J July 1,1906
$15,000
A & OApril 1,1910
25,000
‘1°, „ d0 ............ -.1890 4
Electric-light bonds..A.. 1891 4
A &
OApril 1, 1921
160,000
do
do
B..1893 4
A & O Oct. 1, 1923
14,000
do
do
C..1894 4
J &
J July 1, 1924
86,000
Municipal bonds (renew). 1886 4
J A J July 1, 1906
13,000
_ do
do
................ 1891 4
A & O Apr. 1, 1911
150,000
Renewal bonds................1890 4
J A J Jan. 1, 1910
117,000
AT

T F fîH ïïM V

Se w

er

B

onds

67

ATT

T7,'M rT O T Ä 7 ''N T
J FRED. E. LEWIS, Mayor.
1 U W JN . — I a . L. REICHENBACH, Tr
Treasurer.
Allentown is the county seat o f Lehigh County.
LOANS—
When Due. Interest payable b y City Treasurer
Bonded debt Aug. 1 ,’98. $315,200
Cit y B ondsWater debt additional..
69,200
58, AAO,$13,600....... Apr. 1,1899
Total d eb t...............
384,400
4s, AAO, 11,300.Jan. 1,1901
Sinking fund assets.......
61,865
4s, JAJ, 31,500.Jan. 1,1902
Net debt Aug. 1,1898...
322,535
4s, JAJ, 40,000.Jan. 1,1903
Tax valuation, real.......19,424,116.
4s, JAJ, 59,900.Jan. 1,1904
150,000
4s, JAJ, 47,400..........Jan. 1, 1907 Tax valuation, personal
Total valuation 1898. ..19,594,116
4s, FAA, 30,000.A ug. 1,1926
4s, JAJ, 46,500..........Jan. 1, 1927 Assessment about actual value.
4s, . . . . . 35,000.A ug. 1,1927
City tax prop, (per $1,000).. $3 79
(Subject to call) after Aug. 1,1902 School tax (per $1,000)......... 5-50
Population in 1890 was...... 25,228
W a t e r B onds—
5s, AAO, 69,200........Apr. 1,1899 Population in 1898 (est.)....35,000

T A X F R E E.—All bonds issued by this city are exempt from taxation *
J & J Jan. 1, 1903
8,000
M & N Nov. 1, 1900
20,000
J & J Jan. 1, 1901
18,500 A T T D i T M A
5 HBARR, Mayor.
1
— <H. E. FERGUSON, Treasurer.
J & J July 1, 1901
62,000
M & N Nov. 1, 1901
8,000
This city is in Blair County.
J & J July 1, 1902
20,000
LOANS—
When Due. Sinking fund.................... $43,250
J & J July 1, 1903
50,000
I m p r o v e m e n t B o nds—
Net debt Aug. 1 ,1 89 8 ..
865,750
M A N Nov. 1, 1903
7,000
4s,
JAJ,
$150,000
....1
9
0 1 to 1906 Water debt (included)..
479,000
J & J Jan. 1, 1904
75,000
J & J July 1, 1917
50,000 4s, JAJ, 280,000, g ............... 1925 Tax valuation, real, ’97.16,004.825
Subject to call after 1905.
Personal property not assessed.
A & O Oct. 1, 1923
55,000
W a t e r B o nds—
Assessment about % actual value.
A & O Apr. 1, 1924 100,000
4s,
JAJ,
$259,000...
.1901
to
1906
Total
tax (per $1,000) ’98.. $18-50
J & J July 1, 1924 145,000
J & J July 1 , 1900-’20 165,000 4s, JAJ, 220,000, g..l9 0 4 to 1924 Population in 1890 was___ 30,337
Total
debt
Aug.
1,1898.
$909,000
Population in 1895 was___ 35,500
($33,000 every five years.)
do
................ 1895 4
J & J July 1, 1925
The population in 1893, as taken from the city directory, was 33,756.
35,000
St r e e t I m p r o v e m e n t B o n d s
TAX FREE.—T^he bonds of this city are exempt from taxation.
McClure Ave. renewal, ..1880 4*2
& J July 1, 1900
13.000
do
do
..1881 4
A
J July 1, 1901
13.000
INTEREST on the bonds due from 1901 to 1906 is paid by Townsend
do
do
..1883 4
A
J July 1, 1903
13.000 Whelen A Co., Philadelphia, Pa.; on others at the City Treasurer’s office
do
do
..1884 4
&
J July 1, 1904
13.000
California Avenue............. 1891 4
A OApr. 1, 1911
C IT Y P R O P E R T Y . —The estimated value of real estate and per
23.000
Charles Street renewal, ..1880 4 *2
A
J July 1, 1900
18.000 sonal property owned by the city Aug. 1,1898, was $1,150,000.
do
do
..1881 4
&
J July 1, 1901
18,000
do
do
..1884 4
A
J July 1, 1904
13,000 A ltoona School D istrict—
Highway improvement.. 1895
J A
J July 1, 1900-25 300,000
Total debt Feb. 1,1898. .$256,500 I Tax valuation 1897.. .$15,500 000
($50,000 every five years.)
Interest payable in Altoona.
|Population 1897 (est.)........ 43,000
Street improvement.......1895 4
J A J July 1, 1900-25 300,000
($50,000 every five years )
Ley Street........................ 1897 4
J A J Jan. 1, 1902
5,795
A c u t
A 'N.TT'l
5 M. T. DONAHOE, Burgess.
do
do
.1891 4
A A O Apr. 1, 1911
75.000 / i o n i _ , A i N U .— ) GEORGE F. RENTZ, Town Clerk.
do
do A.
4
A A O Oct. 1, 1923
200,000
This borough is in Schuylkill County.
do
do B. .1894 4
A A O Apr. 1, 1924
200,000
do
do
C.
J A J July 1, 1924
200,000
When Due. Floating debt..................
$6,000
LOANS—
( 1902-1927, )
C o m m o n B ondsTotal debt Jan. 3.1898...
80,100
do
do..
J A J < $66,000 every > 400.000 48, Jan. 3, $26,000___Jan. 3,1913 Tax valuation 1897.........1,426,962
t five y* ars. 1
(Subject
to
call
after
1903.)
Total
tax
(per
$1,000)’97
24*00
do
do..
J A J
1900-1925
200.000
W a t e r B ondsPopulation in 1890 was.......... 7,346
($33,000 every five years.)
48, AAO, 48,100.Sept. 1,’99 A’ 16 Population in 1880 was.........6,052
Water bonds..................... 1883
J A J July 1, 1903
64.000 Int. payable in Ashland.
Population in 1897 (est.)....... 7,200
do
.1886
J A J July 1, 1906
20.000 Bonded debt Jan. 3» ’98. $74,100
do
................... 1884
A A O Apr. 1, 1914
132.000
The
borough
owns
its
water
works,
valued (1896) at $97,953, and
do
.................... 1887
J A J July 1, 1917
100.000
do
.......... ......... 1889
J A J Jan. 1, 1919
175.000 other property to the value of $21,625.
do
(renewal)... 1893
J A J July 1, 1923
150.000
S T A T E T A X FREE.—Bonds are free from State tax.
do
(renewal)... 1890
J A J July 1, 1910
100.000
do
(renewal)... 1892
J A J July 1, 1912
100,000
do
do
....... 1895
J A J July 1,1900-25 600,000 B E A V E R
F A L L S , -T. G. M cP herson , Sec.
($100,000 every five years.)
This borough is in Beaver County.
Subject to call July J., 1913.
do
.1895 4
J A D June 1 ,1900-’ 20 540,000
LOANS—
When Due. 5s, June, $11,500.......1898 to 1922
($108.000 every fifth year.)
G e n e r a l I m p r o v e m ’t B o n d s —
JAJ,
7,000.......1899 to 1905
do
.1895 4
J A D June 1, 1925
110,000 6s, JAD, $4,400......... 1899 to 1906 4s,
Interest payable in Beaver Falls.
( Deo. 1,’01-’ 161
Subject
to
call.
Total
debt
Jan.
1 ,1898.. $113,550
do
.1896 4
J A D j$ 6 6 .0 0 0 e v e ry
264,000 4s, MAS, $35,600.......1899 to 1904 Tax valuation 1898.........4,418,966
C five years.
St r e e t I m p r o v e m e n t B o n d s —
Assessment about % actual value.
Dec. 1, ’21-’ 26
5s, Oct., $4,400........ 1899 to 1906 Population in 1898 (est.)... 12,000
do
.1896 4
J A D- $68,000every
136,000 5s, Sept., 46,000........ 1899 to 1921 Population in 1890 was___ 9,735
C five years.
Wharf renewal bonds, .1887..
J A J July 1, 1907
28,000
Bonds over due........ , ...............
27,000 B E L L E F O N T E . — I saac M itchell , Clerk of
INTEREST is payable at the office of T. Whelen A Co., Philadel­
Council.
phia and in Allegheny, and checks will be mailed to holders of bonds
when requested.
This borough is in Centre County.
T O T A L DEBT, SINKING FUNDS, Etc .—
LOANS—
When Due. Total debt Sept. 24,1898. $110,000
R e f u n d in g B o n d s—
Feb 28, ’98. Feb. 28,’97. Jan. 1, ’ 95. Jan. 1, ’94
Tax valuation, real........ 1,584,050
Total bonded debt.............$5,949,295 $5,655,295 $2,990,500 $2,441,500 4s, FAA, $100,000....Feb. 1,1913 Tax valuation, personal. 1,315,962
Subject to call Feb. 1,1898.
Sinking funds........ .
989,797
862,146
535,584
591,340
Total valuation 1897___ 2,900,012
Interest payable in Philadelphia.
Total tax (per $1,000)’97
27-00
Net debt..........................$4,959,498 $4,793,149 $2,454,916 $1,850,160 Bonded debt Sept. 24, ’98 $100,000 Population in 1890 was........ 3,946
Floating debt...................
10,000 Population in 1880 was........ 3,026
Water debt (inel. above)....................$2,531,000 $1,031,000 $1,031,000

Renewal............................ 1883

4^

Ref unding renewal........ ..]l880 4*3

Renewal............................ ,1881 4
do
............................ 1881 4
Refunding renewal.............1881 4
Renewal...............................1882 4
do
............................ 1883 4
Refunding renew al........1883 4
Renewal...............
1884 4
Sewerage bonds................. 1887 4 g
Sewer
A ................1893 4
do
B................ 1894 4
do
C................1894 4
................ 1895 4
do

T A X FREE.—All bonds of this city are exempt from taxation.

B E T H L E H E M . — H . A . G orman , Secretary.
This borough is in Northampton County.
is $8,000,000, including water property valued at $3,439,333.
ASSESSED VALU ATIO N .—The city’s assessed valuation and tax Bonded debt Jan. 1 ,’98.. $168,800 Tax rate (per$l,000) 1897..$14-80
A ll 4% borough bonds.
rate have been as below (Antual valuation 1896, $85,000,000.)
Population in 1890 w as........ 6,762
Assessed valuation ’97.$3,922,555 Population in 1897 w as........ 9,000
Real Estate <&
Personal
Total Assessed City Tax
Years,
Improvements.
Property.
Valuation. per $1,000.
1 8 9 8 ..
..
H. FA GLE Y, Pres. Board Commissioners,
$80,861,875
$15-00
B L A I R C O . — ;ii M.
1 8 9 7 ..
..
W. S. HOSTLER, Clerk.
80,604,975
County
seat
is
Hollidaysburgh.
1 8 9 6..
..
79,843,625
1 8 9 5 .. . . ...........................................................
74,500,000
9-30
LOANS—
When Due. Bond, debt Aug. 1,1898 $197,000
1890.................. $48,960,025
$1,339,525
50,299,550
13*77
C o u n t y B onds—
Tax valuation 1898....31,261,957
POPULATION.—In 1890 population was 105,287; in 1880 it was 3 -65s, JAJ, $34,000...Jan. 1,1918 State A Co. tax »p. $1,000)’98.$9-00
78,682; in 1870 it was 53,180. The population for 1897 (est.) is 125,000. 4s, ......., 163,000.......................... Population in 1890 was......70,860
Interest payable at Co. Treas. office Population in 1880 w a s ___52,746
C IT Y P R O P E R T Y . —The estimated value of all the city’ s property

M. ANDERSON, Treas.
A L L E G H E N Y C O , " (JWJOHN
.E . THOMPSON,Comptroller.
Pittsburg is the county seat.
LOANS—
When Due.
C o m p r o m is e B

o nds—

Bonded debt Jan. 1,’98. $3,281,901
157
Floating debt...............

5s, JAJ, $1,251,375...Jan. 1,1940 Total debt.................
Subject to call after Jan. 1,1913

3,282,058

W. O. HOLMES, Mayor.
B L O O M S B U R G . - I A.
M. YOST, Treasurer.

This town is in Columbia County,
LOANS—
When Due. Tax valuation 1897.......$2,329,814
C i t y H a l l a n d S e w e r B o n d s — Assessment about ^ actual value.
4^sA5s, FAA, $37,500......Aug. 1, Town tax (per $1,000)............$9-00
1896 to 1912 Population in 1897 (est.)....... 7,000
4 s ,........ , $15,000___ Aug. 1, 1917 Population in 1890 was.........4,635
Interest at office of Town Treas.
Population in 1880 was.........3,702
Total debt Aug. 1,1 89 7 ___$60,000

Sinking fund assets...
24,987
Net debt Jan. 1,1898. 3,257.071
4s, JAJ, $300,000....Jan 1,1908 Tax valuation, real ..439,463,800
3^8, A AO, 500,000... Oct. 1,1906 Tax valuation,pers’n’l 48,764,510
I n s a n e \ s y l u m B o nds—
Total valuation 1897.488,228,310
3 *98, JAJ, $250,000.. July 1, 1908 Assessment about 4 5 actual value.
4s, JAJ, $1,12«,500... Jan. 1,1906 Tax rate (per $1,000)............. $6-00 B R A D D O C K . — P. S. T odd, Chairman Finance
Subject to call.
Population in 1890 was.......551,959
Committee.— This borough is in Allegheny County.
PAR VALUE.—Bonds are for $500, $1,000 and $10,000.
LOANS—
When Due. Sewer, 5s.......................... $60,000
INTEREST on the compromise bonds is payable at the Commercial
Sc h o o l B o nds—
Street, 5s........ .................. 107,000
National Bank, Philadelphia; on the 4 per cent riot bonds by the 4*28,
AAO...................
1896
to 1913 Total debt (last returns). 225,000
County Treasurer and at the office of Townsend, Whelen A Co., Phil­
S e w e r a n d St r e e t B o n d s Tax valuation 1 8 9 7 .......5,187,19
adelphia ; on all other bonds by the County Treasurer only.
4138, MAS, $102,000.... 1898-1926 Assessment about ^ actual value.
TA X EXEM PT.—Of the compromise bonds,$1,054,000 are tax free;
W a t e r B o nds—
Population in 1890 was.__ 8,561
also the Insane Asylum bonds.
5s, JAJ, $58,000........ Jan. 1,1904 Popuiationm 1894 test.)...11 500
Court H

ouse

B

o n d s — ( R eg.)




Voi. L X V I

6 8
< GEO. C. FAGNAN, Mayor.
' XA. D. SLOAN, Comptroller.
This city is In McKean County.
LOANS—
When Due.
LOANS—
When Due.
Building B onds—
Sinking fund assets........ $20,000
6s, M&N, $5,000...........1900-1904 Net debt Apr. 1 ,1 8 9 8 ...
60,000
Tax valuation 1897.........3,000,000
($1,000 due yearly on May 1.)
4s, . . . . , $30,000............. 1906-1926 Assessment is about % actual value
($10,000 due every 10 years.)
Total tax rate (per $1,000). $36-00
W ater W orks B onds—
Population in 1890 w a s---- 10,514
6s, J&D, $20,000........ Deo. 1,1898 Population in 1895 (est.) ...16,000
6s, J&D, 25,000........ Deo. 1,1903
Sc h o o l D is t r ic t B o n d s —
Bonded debt Apr. 1,1898. $80,000 68, J&J, $21,200..........Part yearly
City has no floating debt.
Total sch. debt Mar.20,’98.$21,200
T A X FREE.—School bonds and city bonds wben held outside the
State are exempt from taxation.
INTEREST on the water works bonds is payable at the Seaboard
National Bank, N. Y.; on the building bonds at the Bradford National
Bank; on the school district bonds by City Treasurer.

B R A D F O R D ,

C A R L I S L E . — W . E . E i n g h t , Burgess.
Carlisle is in Cumberland County. The borough owns (1898) gas,
water and electric light stock valued at $65,000, besides real estate
worth $7,000, and the market, from which a revenue of $5,000 a year
is derived.
LOANS—
When Due. Int. paid by Carlisle Deposit Bank.
Bonded debt Feb. 1, ’ 98.. $86,200
General P urposes—
1,500
4s, A&O, $16,000....Apr. 1,1907 Sinking fund....................
84,700
4s, A&O, 18,000.... Apr. 1,1908 Net debt Feb. 1 ,1 8 9 8 ...
4s, J&J, 25.000. ... Jan. 1,1909Total valuation 1897---- 5,000,000
4s, J&J. 20.000. ... July 1, 1909 Assessment is 23 actual value.
Total tax (per ($1,000)........ $13-50
.. Apr. 1,1907
3'6s, A&O, 1.700..
Population in 1890 w as........ 7,620
5.500..
.. July 1,1911
4s, J&J,
4s, . . . , 15.000. .................... Population in 1§96 (est.)... 11,000
O PTIO N AL.—AH bonds are subject to call on 60 days’ notice.
T A X FREE.—The bonds are all exempt from taxation.

C A R N E G I E . — R . J. H a r d y , Clerk of Council.
This borough, which is in Allegheny County, was formed in 1894 by
the consolidation of the boroughs of Chartiers and Mansfield.
Improvement B onds 4i«s—
LOANS—
When Due.
School B onds—
$75,000..................... ... .1906-1928
4^ s, $40,000.............1918 to 1928 Bonded debt Mar. 1, ’98. $60,300
Chartiers B orough B onds—
Floating debt..................
5,765
66,065
$18,000.............................1899-1910 Total debt Mar 1,1898.
M ansfield B orough B onds—
Assessed valuation *97..2,947,620
$15,500...........................1899-1910 Assessment about 23 actual value.
Carnegie B* nds—
Tax rate (per $i,000) 1897.$16-50
$22,000............................1911-1921 Population in 1898 (est.)... 10,000
T A X E X E M P T .—Bonds are free of tax.

C H A M B E R S B U R G . — E . J. B l a c k , Treasurer.
This borough is the capital o f Franklin County.
When Due. Total debt Jan. 1, *98___ $111,000
LOANSB orough B ondsTotal valuation 1897___ 2,395,052
4128, A&O, $37,600... .Apr. 1,1919 Assessment is 23 actual value.
E lectric -L ight B onds—
County tax (per $1,000) 1897.$4-00
4-3s, J&J, $8,100... .Jan. 1,1905 Bond tax (per $1,000)............ 4-00
4s, A&O, 9 ,1 00 .... Apr. 1,1922 Borough tax (per $1,000)___ 5'00
W ater B onds—
School tax (per $1,000).......... 6-00
412s, J&J, $27,100....Jan. 1,1919 Population m 1890 w as........ 7,863
4s, J&J, 29,100... .Jan. 1,1921
OPTIONAL-—Any of the above bonds m a ybe called for payment
at the option of the council.
TAX FREE—All bonds of this borough are free from local tax and
the 4 per cent water bonds are exempt from all taxation.
[JNO. L. HAWTHORNE, Comptroller.

C H E S T E R . — ![FRANK W. HARRISO.V, Clerk.

Chester is situated in Delaware County.
LOANS—
When Due.
Floating debt.................
$39,967
City B onds—
Total debt Apr. 1,1898.
687,067
5s, J&J, $233,500..........1897-8 & 9 Sinking fu n d .................
238,870
4s, J&J. 178,000....1901 to 1904 Net debt Apr. 1 ,1 89 8 ..
448,197
4g, M&S, 80,000 g ................1926 Tax valuation 1898___ 14,743,196
Optional after 1906.
Total tax (per $1,000) 1898.$20-00
4s........... . 25,000... .July 1,1927 Population in 1890 was___20,226
(Subject to call after 1902.)
Population in 1880 was___14,997
Bonded debt Apr. 1, ’98. .$647,100 Population in 1898 (est.)... 35,000

C H E S T E R C O . — E. V i n t o n P h i l i p s , Treasurer.
The county seat is West Chester.
„ LOANS—
When DuS. I Tax valuation 1898...$51,833,334
County Certificates —
| l ax rate (per $1,000) 1897. $2-50
4s, A&O, $77,000 ..........................
I Population in 1890 was .. 89.377
Total debt Aug. 1 5 ,1 8 9 8 .. $77,000 I
0 ’

C L IN T O N

C O . — R. W . A . J a m i s o n , Treasurer.

County seat is Lock Haven.
Bonded debt Jan. 1, ’98. $173,400
37,869
Sinking fun d...................
Net debt .7an. 1,1898. .. 135,531
Assessed valuation, real.6,064,314
Assessed valuation, per.. 582,404

Total valuation 1897...$6,646,718
Tax rate (per $1.000) 1897
(State and County.)......... $11-00
Population in 1898 (est.).. 29,000
Population in 1890.............. 28,685

C O A T E S V I L L E . — 0 . N". S p e a k m a n , Treasurer.
This borough is in Chester County.
When Due.
F u n d in g B o n d s LOANSR efunding B onds48, J&J,$9,900......................... 1926
48, J&J, $76,980....................... 1911
(Subject to call after 1906.)
Subject to call after..............1901 Bonded debt Mar 7.1898 $128.180
R epaving Streets —
Tax valuation, real........ 1,853,036
4 12S,J&J, $15,800.Within 23 years Tax valuation, personal. 225,558
W ater B ondsTotal valuation 1897___ 2,078,594
48, J&J, $23,000.........Jan. 1,1927
Assessment is % actual value.
(Subject to call) after July 1,1898 Total tax (per $1,000) ’95...$14-50
4s, J&J, $2,500......................... 1926 Population in 1890 was........ 3,680
Popqlation 1896 (estimated) .4,500
TAX FREE.—All bonds issued by this borough are tax exempt.
INTER EST on the refunding bonds is payable by Townsend, Whelen
& Co., Philadelphia: on the street repairing bonds at the National
Bank of Chester Valley, Coatesville, on the funding and water bonds at
the Boro’ Treasurer’s office.
W A T E R W O R K S.—The borough owns its water works; cost of con­
traction, $60,000.




C O L U M B I A . — Columbia is in Lancaster County.
LOANSrWhen Due. I Total debt Mar. 1,1896. $158,900
F unding Bonds—
|Tax valuation 1896.........3,058,076
5s, J&J, $10,900........ Jan. 1,1899 i Assessment nearly *2 actual value.
I mprovement B onds—
Total tax (per $1,000)....... .$14-50
4s, A&O, $28,000.......Apr. 1, 1902 Population in 1890 was____ 10,599
4s, A&O, 100,000......Apr. 1,1904 Population in 1880 was....... 8,312
4s, A&O, 20,000......Apr. 1,1914 Population in 1896 (est.)... 13,000
OP TIO N A L. Bonds are subject to call 5.years from date of issue.
INTEREST is payable at the Central National Bank.

^ ^ N S H O H O C I C E N . — ^FRAi/(HS<l H J B ^ 1Treas.
This borough is in Montgomery County.
LOANS—
When Due. Tax valuation 1896__ $2,098,669
R efunding F dnds ’96—
Assessm’t abt. 50 p.c. actual value.
4s, J&J,$42,0 0 0 ....Ju ly,’01 to ’26 School tax (per $1,000)..........$4-00
($7,000 due every five years).
Borough tax (per $1,000)..... 7-50
Total debt Feb., 1898..
$42,000 Population in 1890 was........5,470
The borough pays all taxes on its bonds.

C O R R Y . — N . S t o n e , M a y or.
This city is in Erie County.
LOANS—
Wnen Due.
R efunding B onds -

4^8, J&J $10,000___July 1,1910
' Subject to call.
4*28, M&8, $94,300...Mar. 1,1912
Subject to call.
Interest paid in Corry and N. Y.
Refun. bonds of 1910& ’ 12 tax free.

C R A W F O R D

Total debt Mch. 1, 1898. $104,300
Tax valuation 1898.........1,724,286
Assessment about % actual value.
Total tax (per $1,000).......... $34-00
Population 1898 (local au­
7,000
thority) .........................
Population in 1890 was........ 5,677
Population in 1880 was........ 5,277

C O . — E l b e r t S m i t h , Treasurer.

County seat is Meadville
L O A N SWhen Due.

Floating d e b t ...............
$64,000
Co u n ty B onds
Total debt July 1,1898
163,000
4s, Dec. 31, $99,000........ Optional. Tax valuation 1898__ 20,828,797
Interest payable in Meadville.
County tax (p. $1,000).1898 $7-00
Bonded debt July 1.1898.$99,000 Population in 1890 was___65,324
Bonds are exempt from taxation, Property is assessed at about %
of its actual value.

D A N V I L L E .— H arry

E l l e n b o g e n , Treasurer.

This borough is in Montour County.
LOANS—
When Due. Assessed valuation, real. $861,827
W a t e r B ondsAssessed valuat.n, pers’l 36,011
48, J&J, $96,700...............A t call
Total valuation 1897___ 897,838
B o r o u g h B o nds—
Assessment about ^ actual value.
4s, M&N, $ 1 3 ,7 0 0 ....Nov. 1, 1912 Bor.& Water tax (p.$l,000).$18-00
Subject to call at any time.
Population in 1890 was........ 7,998
Interest payable in Danville.
Population in 1880 was........ 8,346
Total debt Jan. 1 ,1 89 8 .. $110,400 Population in 1896 (est.).;....8,500

D A U P H IN

C O . — A . L. E t t e r , Treasurer.

County seat is Harrisburg.
LOANS - {
Amount, i Total debt July 1.1898 $322,000
Bonded debt July 1, ’98..$252,000 Tax valuation 1897...... 51,424,500
Floating debt...................
70,000 I Population in 1890 was_ 96,977

D E L A W A R E

C O . — H . M . A s h , Treasurer.

County seat is Media.
„LO A N S—
When Due. Bonded debt Sept.,’98.. $400,000
War D ebt—
Tax valuation in 1896..48,051,076
^ o V -& P ’ $400,000..Oct. 6,1906 Assessment about 23 actual value.
Subject to call after 1900.
Population in 1890 w a s ___74,683
Interest payable in Media.
Population in 1880 w a s ___56,101
t~, a
rp , ivt
( H- A. HARTZELL, Mayor.
J ^ A O l LJiN .— (JAMES McCAULEY, Treasurer.
Easton is situated in Northampton County.
LOANS—
When Due. Assessment is % actual value.
State tax (per $1,000)............ $4-00
Cit y L o an 48, semi-an., $314,000.y’rly to 1925 County tax (per $1,000)........ 1*80
312s. A & O , 120,200.Apr. 1,1928 City tax (per $1,000)............. 6"50
Interest payable by City Treasurer. School ta x ............................... 6-00
Total debt Feb. 15, ’ 98. $314,000 Population 1890 was...........14,481
Sinking fund..................
5,400 Population 1880 w as.......... 11,924
Net debt Feb. 15,1898.
308,600 Population in 1897 (est.)... 17,600
Tax valuation 1897___11,900,000
T A X FREE.—All bonds of this city are exempt from taxation.
CITY PROPERTY —The city owns its electric-light plant.

5ROBERT J. SALTSMAN, Mayor.
— )W . W. GTNGRICH. ComptroUer.
This city is situated in the county of the same name.
LOANS—
.— Interest.— , ,----------- Principal,----------- ,
N AM E AND PU RPO SE.
Rate Payable.
When Due. Outstand’g.
Refunding, 1887....................... 4
J & J
Jan. 1, 1907 $256,500
do
1889....................... 4
M&S
Mch. 1, 1909
50,000
do
1894....................... 4g J & J
Jan. 1, 1914
500,000
AU bonds issued by this city are free from State tax to the holders.
Refunding bonds of 1887 are subject to call after Jan. 1,1897.
c id t u

PAR VALUE OF BONDS.—Bonds are for $1,000 and $500.

INTEREST on the 1887 loan is payable at the City Treasurer’s
office, and at the Importer’s and Traders’ Bank, N. Y.; on the loan o f
March 1,1889, at the City Treasurer’s office and at the First National
Bank, N. Y.; on the 1894 loan at the First National Bank, N. Y.
T O T A L DEBT, SINKING FUNDS, Et c -

Sept. 1,1898. Sept. 1, 1897. Jan. 1,1897.
Total bonded debt..................... $806,500
$841,500
$841,700
Water debt (included above)... 517,012
517,012
517,012
The city has no floating debt.
The sinking fund receives yearly a certain sum from the tax levy, not
exceeding 3 mills and not less than M of a mill on a dollar; on Sept.
1,1898, the fund amounted to $107,072.
C IT Y PROPERTY.—The city owns real estate and personal prop­
erty amounting to $2,804,167 as follows:
Fire property...................$117,260 I Other real estate...............................$89,375
Water property.........— 1,561,«95
--------------City Hall............................ 166,337 Total............................... $2,804,167
School property................ 869,300
|
ASSESSED VALUATION.—The city’s assessed valuation (abou
two-thirds of the cash value) and tax rate have been as follow s:

October, 1898.

69

Total A ssessed Bate o f Tax
Tears.
Valuation,
per $1,000.
1898 .......................... ........................- ................. $19,158,588
$24-00
...................................................................... 17,949,389
24-50
} 8 9 8 ...................................................................... 17,602,361
24-50
t£ 95 ................................................................... 17,424,774
24-75
t f g i ” .........................— ..................................... 16,184,312
24-00
26-50
ig g X ............. ........................................................ 14,214,195
1880.................................................................... 11,518,904
23-00
„P O P U L A T IO N .—In 1890 population was 40,634; in 1880 it wa
»7,737; in 1870 it was 19,646; in 1898 estimated at 60,000.
E rie S chool D istrict. -W . J . F l y n n , C 'k B 'd E d .
,
LOANS —
When Due, Bonded debt Feb. 10,’98..$150,000
4s, A&O, $7,000...........Oct., 1899 Assessed val’ tion ’9 8 ... 18,465,000
4s, M&N, 25.000...........1898-1901
Assessment 23 actual value.
($2,500 yearly in Nov. to 1899 and School tax (per M.) '98 ..'.......$8-00
$10,000 yearly 1900-01.)
Total tax rate city, State
4s, A&O,$38,000 ........ 1899-1907
county and school............28-00
($4,000 yearly in AprJ
Population 1898 (est.)........58,000
4s, A&O. $55,000..........1899-1909
|
($5,000 annually in Oct.)

E T N A . — W . J. K isead d en , Borough Treasurer.

Situated in Allegheny County.
Total debt Jan. 1,1898.. $97,500 Tax rate (per $1,000)..........$17-00
Tax valuation 1897........2,080,290 Population in 1890 w a s.. . . . .3,767

F A Y E T T E

C O .-

DAVID D. JOHNSON, Treasurer.
O. R. BROWNFIELD, Com’rs Clerk.

County seat is Uniontown.
When Due.

„ LOANS—

Court H

ouse

B

onds—

4s, M&N, $161,000................. 1899
($9,000 due yearly) to 1915
4s, J&D, $21,000....... $5,000y’rly
Interest payable in Uniontown.

Total debt Jan. 1, ’98... $194,965
Total valuation 1898 :. 33,516,994
Assessment about % actual value.
State tax (per $1,000) 1898..$4-00
County tax (per $1,000)’98.. 5-00
Population in 1890 was.......80,006

H A R R I^ R T IR fr
5J o h n d . p a t t e r s o n , Mayor.
r a A A J r u n i O £ 5 U J r ( .L x .— l CHAS. A. MILLER, Clerk.
Harrisburg, the capital of the State, is situated in Dauphin County.
LOANS—
;— Interest.--Principal.NAME a n d p u r p o s e . Bate Payable,
When Due.
Outstand’g.
Water bonds............
“J ‘& J
.. 6
July 1, 1903
$101,400
do
.. 6
J & J
Jan. 1, 1904
91.000
do
.. 6
J <fc J
July 1, 1904
7,60 q
do
.. 4
J
J
Jan. 1, 1913
130,500
do
.. 4
J & J
Jan. 1, 1914
26.700
do
.. 4
J <fc J
Jan. 1, 1915
265,000
do
.. 4
J & J
Jan. 1, 1916
77.700
City bonds...............
.. 6
J & J
Jan. 1, 1903
14.900
do
.. 6
J & J
July 1, 1904
10.000
do
J & J
Jab. 1, 1899
31.900
do
.. 5
J <fe J
July 1, 1900
14.000
do
.. 4
J & J
Jan. 1, 1901
60.000
do
.. 4
J tfc J
July 1, 1920
65,000
do
.. 4
1918
34.700
do
.. 4
1917
5,400
. T A X FREE .—All bonds are exempt from taxation.
INTEREST is payable at the office o f the City Treasurer.
.T O T A L . DEBT.—The city’s bonded debt on Apr. 4,1898, was $938,
100; sinking fund assets, $105,020; net debt, $833,080, not including
yHo.vOO improvement bonds, payable by assessments. The net debt
in 1895 was $990,800; Id 1892 it was $1,020,031.
The sinking fund receives yearly appropriations sufficient to pay in­
terest on the city’s debt and 5 per cent of the principal.
C IT Y PRO P ER TY.—The city owns a water works and other avail­
able assets amounting to over $2,000,000
ASSESSED VALU ATIO N .—'T heoity’s assessed valuation (estimated
to be about the full value) and tax rate have been as follow s:
Total Assessed
Bate o f Tax
Valuation.
per $1,000.
T .....
J898............................................................... $25,314,474
I f 9 8 — ........................................................... 23,500,000
$22-50
.......................... .................................... 22,500,000
18-833
1889............................................................... 21,396,240
1880............................................................... 5,384,629
The city’s tax rate for 1896 is $7-00 per $1,000.

........
.........

o„P& £ U.L M L Q N .- In 1890 population was 39,385; in 1880 it was
30.762 ; in 1870 it was 23,104. The population at present, according
to local estimate, is over 57,000
’
8

H O L L I D A Yx S
B U R O — \
TW.BRACKEN,Ch’fBurgess
0 X 3 u X1VJT.
2 W. L. BALDRIGE, Treasurer
This borough is the county seat of Blair County.
LOANS—
When Due. Bond, debt Feb. 15, ’ 98.. $54,700
B o r o u g h B o ndsTax valuation (real) ’96.1,125.000
A&O, $g*000............ Optional City tax rate (per $1,000)
$4-00
4^gs,A&J, 2,200............ Optional Population in 1890 w as...
2 975
I ^ S K m w J o o .Optional.
Popolatlon to 1897 M l ....8 ,0 0 0
4*28, J&D, 45,000..Opt.after 1913
INTEREST on the borough bonds and on the $2,500 of water bonds
is payable at Hollidaysburg; on the 4Rjs of 1913 at Philadelphia, Pa.

H O M F S T F AF»
$R- Ke n n e d y , Burgess.
, Allegheny
f r 1-u ~ <County.
L0UI8 KOTT- Treasurer.
This borough is in
LOANS —

St r e e t

and

Se w

er

B

When Due.
o nds—

5 "4s, J&D, $48,000 yrly’ to 1914
5-4s, J&D, 26,000 y’rly to 1918
5‘4s, M&S,
5,000 .Sept. 1, 1905
5-4s, M&S, 20.000 .Sept. 1, 1915
5s, M&S, 12,000.Mar.l,’99to ’ 10
5-4s, M&S, 10.000 1898 to 1912
5-4s, A&O, 3,000... 1899 to 1904
5-4S, J&J,. 20,000___Jan. 1,1917
Optional after 1902
Water B

5"4s,
5-4s,
5-4s,
5s,

o nds—

M&S, $16,000.. Yearly t o ’09
M&S, 15,000..Sept. 1, 1910
A&O, 28,000..Yearly to ’ 16
A&O, 58,000.. O ct.), ’98 ’ 16

Sc h o o l B o nds—

5-4s, M&S, $32,000......Part yearly

H U N T IN G D O N
County seat is Huntingdon.!

Sch o o l B

C O , -H




o nds—

(Con.)

5s, M&N, $11,000................
4 3 s, J&D, 25,000. .June 20,1010
5s, J&D,
5,000..........................
Overdue bonds......................$2,000
Bonded debt Feb. 15,’98.. 286,500
Floating debt.................... 20,000
Total debt Feb. 15,1898.. 306,500
Water bonds (incl. above). 117,000
School bonds (included).. 73,000
Tax valuation 1897.........4,321,550
Assessment about 25 actual value.
Borough tax (p’r $1,000)___ $10-00
County tax (per $1,000)___ 2-00
School tax (per $1,000).......... 8-00
Population in 1890 was.........7,911
Population in 1880 was........ 592
Population in 1897 (est.)... 10,000
enry

M

u sser,

Treas.

Floating debt.................. $32,122
Total debt Jan. 1,1 89 8 .. 112,622
Tax
valuation, real.........4,924,384
4s
S61 OOO ?
t o ’ 02
4S’ x A&O, Ç i{,bl’U00 l part yr’ly. Tax valuation, personal. 519,140
5s, A&O, $19,500.......1902 to 1906 Tax valuation 1895......... 5,443,524
(Payable part yearly.)
Assessment about *3 actual value.
Interest paid by County Treas.
Total tax (per $1,000)......... $18-00
Bonded debt Jan. 1,1898.$80,500 Population in 1890 was___35,751
B

LOANS —

r id g e

B

When Due.

onds—

H U N T I N G D O N — ) f t.
This borough is the county seat of Huntingdon County.
LOANS —
When Due. ' Bonded debtSept. 1, ’98...$58,300
St r e e t Im p r o v e m e n t B o n d s—
Tax valuation 1898.......1,645,975
4s, J&J, $5,400... July, 1899-1904 Assessment about *3 actual value.
4s, J&J, 19,000.... July, 1899-1909 I Total tax rate (per M.) ’98..$29-25
4s, J&J, 20,600.... July, 1899-1910 |Population in 1890 was........ 5,729
FoNDiNG B o n d s —
1Population in 1898 (est.)....... 6,000
.......$13,300............July 1899-1910 |
INTEREST on the bonds is payable at Huntingdon.

TAX FREE.—All bonds of this city are exempt from taxation.

C O . — P. M. S utton, Treasurer.
County seat is Indiana.
LOANSWhen Due. Tax valuation, real.......$8,221,806
Co u n t y B onds—
Tax valuation, personal 412,929
4-4s, ... $24,450..................... 1900 Tax valuation 1897....... 8,634,735
4'4s.......... 40,000.................. 1901 Co. tax rate (per $1,000).
6-00
Interest payable in Indiana.
Population in 1890 was.......42,175
Total debt Jan. 17,1898. ..$81,100 Population in 1880 was.......40,527
IN D IA N A

J E N K IN T O W N

1WILLIAM H. FRETZ. Mayor.
rpT- ,
iN -— i BYRON MCCRACKEN, Secretary.
This borough is in Montgomery County.
_ L O A N S -- ^
When Due. I Tax valuation 1897.___$1,148,790
5s> A&O, $39,600........ Oct. 1,1898 I Tax rate (per $1,000...
12-25
SSS* J--1915 Population in 1890 w as........ 1,609
Bonded debt Feb. 1 5 ,1898.$39,600 |Population in 1897 (est.).......2,100

J
OH NSTOW N
J u n i N O i U W
IN .—

5 GEO. W. WAGONER, Mayor.
l SAMUEL LENHART, J r ., Comptr’r.
This city is in Cambria County.
LOANS —
When Due.
LOANS —
When Due
F ir e A l a r m —
S t r e e t I m p r o v e m e n t — (C on )—
4s, J&J, $8,000 .......... Jan. 1,1924 4 1as, A&F, $50,000...Aug, 1, 1924
Subject to call after 10 years.
Subject to call after Aug. 1,1904
H ig h w a y & B r id g e B o nds—
4s, A&O, $ 2 0 ,0 0 0 .....Oct. 1,1926
5s, J&D, $93,500.......June 1,1921 Interest payable in Johnstown.
Subject to call after June 1,1901 Total debt Aug. 1,1897. $215,300
O l d B o r o u g h B o nds—
Sinking fund..................
1,717
4 s ,.......$1,800.......................... 1899 Net debt Aug. 1, 1 897.
213,583
R iv e r I m p r o v e m e n t B o nds—
Old boro, debt (add’l)..
3,600
5s, M&N, $26,300.......May 1,1921 Tax valuation 1897....... 12,069,487
Subject to call after May 1,1896
Assessment is % actual value.
St r e e t I m p r o v e m e n t —
City & sch. tax (per M.) ’97 ..$9-75
4*28, M&S, $17,500...Sept. 1,1923 Population in 1890 was.......21,805
Subject to call after Sept. 1,1903 Population 1898 (est.)........ 30,000

J U N I A T A C O .— W . W . L a n d i s , T reasu rer.
County seat is Mifflintown.
LOANSTFAen Due. Tax valuation, real...... $4,573,910
C o u n t y B onds—
Tax valuation, personal. 555,368
3s
&
4s,
$140,049
S SfH H fl
1 „
........
Total valuation 1895___5,129.278
R^t^ e^iTJp^ a? le b7 ,9^unty Treas- , Total tax (per $1,000)........ $10-00
f Ä g Ä
.Ug.-. ! :
/ -$$ 2 M 6 Ì I Population ln 1890 WM-- 1 6 ,6 6 6

K E N N E T T S Q U A R E - -This borough is in Chester Co.
B

LOANS —
orough

When Due.

& Water B

o nds-

48, J&J, $40,000........ Jan. 1,1914
Int. payable in Kennett Square.
Floating debt........................ $1,000
Total debt Jan. 1,1897........41,000
Tax valuation, real............. 690,500
The borough pays all taxes on its

L A C K A W A N N A

County seat is Scranton.
_ LOANS —
When Due.

Tax valuation,personal.. $12,775
Total valuation 1895....... 703,275
Assessment same as actual value.
Total tax (per $1,000)........ $12 50
Population in 1890 was........ 1,326
Population in 1880 was........ 1,021
Population in 1895 (est.).. . ..1,500
bonds.

C O . — 0 . H . Schadt , Treas.

Sinking fund.................... $10,000
Net debt Aug. 18, ’97.
245,000
Valuation, real............ 26,«21,431
Bonds all optional after 2 years.
Valuation,
personal...
3,388,685
Co u rt H o u se B o ndsTax valuation 1897... 30,010,116
48, J&D, $135,000........................ j Assessment
about ^ actual value
Interest payable by County Treas. I County taxper ($1,000)~’97 *7-00
Total debt Aug. 1 8 ,1897.$255,000 I Population 1 8 9 0 w a 3 .... . T142,088
T A XE S on the above securities are paid by the County.
R e f u n d in g B o nds­
, J&D, $120,000..Dec. 1,1904

e s

L A N

C A S T E R .- | ^ ^ | “ ^ M

a S

.

This city is the capital of Lancaster County
>
LOANS—
V
— Interest.—
•PHncipal.
NAME AND PURPOSE.
Bate. Payable.
When Due
Outstand'g.
Judgment bonds, 1895. 4
A& O
Oct. 1,1925
$ 120,000
Optional after 1915.
Relief fund.................
6
Jan.
Apr. 1,1905 to ’20
13.000
School bonds, 1895....... 4
1915
100,000
do
do 1897....... 4
10.000
Water loan (reg.).......... 4
A&O
Apr. 1, ’*98, to 1901
61,400
do
do ........... 4
J-Q
Apr. 1, ’98, to 1905
do
do ........... 4
J & J Jan. 1, ’9*, to 1918 100,000
125.000
do (coupon)......... 4
J-Q
Apr. 1,1905 to ’ 20
189.000
do
1 8 9 2 ......... 4
1899 to 1912
140.000
IN T E R EST is payable in Lancaster.
u « P Q ^ ^ T .—Tilo city’s bonded debt on Aoril l iqqq w o .
$1,134,958; sinking funds, $490,458.
p 1
i8 9 8 >
J.

™ i!?,nd8 0f this city are exempt from taxation.

000 and other buihiings and avlilabte S s f fb e s T d e i't b A 1U-e < $ 150^'
mentioned above, in all amounting to $1,022*461.
sinking fund
5 M J ^ O ^ R ^ l^ ^ h i^ u T n ^ b o u i $25^000^ O O O ^ ^ n ? i™ 8 $15’,
valuation was $13,451 038 • in i qqa
assessed
city tax rale per $ i 000 was $9. ®8°
$12’449*480' In 1898 the
2 7UQ^irA"« 19
i.ati°n in 1890 was 32,011; in 1880 it was
2o.769, m 1870 it was 20,233. In 1895 (estimated) 40,000.

Voi. LXV II

70
C O , -E. H . H ershey , Treas.
County seat is Lancaster.
LOANS—
When Due. Bonded debt Aug. 1 ,189®.$'270,800
Interest payable at Co. Treas’. office.
County B onds48, A&O, $170,800___Apr. 1,1901 Tax valuation 1896....$84,763,205
State & co. tax per $1,000 ’ 90.$6-50
Subject to call at any time,
3*3, $ 5 0,0o0.................................... Population in 1890 w as.... 149,095
Population in 1880 w as.. .139,447
Court H ouse B onds—
3*2, $50,000........................... 1918
(Subject to call after 1908.)
T A X FREE.—AH bonds of this county are exempt from taxation.
L A N C A S T E R

TV/TTT'T'VT a
5 C. D. M. BROOMHALE, Treasurer.
lVLJLLUl J\ . — $ w . h . TRICKER, Clerk.
This borough is in Delaware County.
LOANS—
When Due. Total debt Jan. 1,1898. $87,000
Tax valuation 1895.........2,213,099
R egistered B onds$4-00
48, A&O, $55,600........ Apr. 1,1901 State tax (per $1,000) ’ 96
I
3*50
4s, A&O,
6,400..... Apr. 1,1903 Co. tax (per$1.000)........
4-00
4s, A&O, 15,000.
Apr. 1,1912 I Boro’ tax (per $1,000)...
Average
school
ta
x
........
4-25
4s, A&O,
10,000......Apr. 1,1913
3-75
Optional after Jan. 1,1903 I Sinking fund tax........... 1
|Tot. tax (per $1,000) ’96.
19-50
R efunding B onds—
3*28............ $65,000.............. ........... Population in 1890 w as........ 2,736
Int. payable by Borough Treas.

L E B A N O N . — G eorge H . Spang , Treasurer.
This city is in Lebanon County.
LOANS—
When Due.
City B onds48, April, $36,000.............................
Subiect to call at any time.
W ater B onds—
4s, April. $161,000 ...A pr. 1,1902
Subject to call at any time.
Interest paid at City Treas’r office.
Total debt March 1,1898.$215,000
Water debt (included)___ 170,000

Sinking fund and cash... $33,100
Net debt March 1,1898.. 181,900
Tax valuation, rea l........ 8,070,400
Tax valuation, personal. 289,050
Total valuation 1896-----8,359,450
Assessment about 90 p. ct. actual.
County tax (per $1,000).........$1‘75
City tax (per $1,000)............-.$3’25
Average school ta x................. $4*50
Population in 1890 was.......15,000

, H. MAYER, Mayor.
L O C K H A V E N . - I ? H. SHOEMAKER, Treasurer.
This city is in Clinton County.
Water L oans—(Con.)—
LOANS—
When Due.
5s, . . . . . $84,500........May 1,1904
City B onds—
6s......... $25,000......... Nov. 1,1910 4s............ 19,500..... July 1,1914
.Oct. 1,1903 Total debt Feb. 1 5 ,1898.$227,000
10.000
5s, ..
8,000
3,000........’95 extended School bonds (addit’nal).
4s, ..
25.000
.Jan. 1,1907 Total valuation 1897---- 1,700,000
4s, ..
Assessment
about
*3
actual
value.
25.000
.May 1,1915
4s, ..
Population in 1890 was.........7,358
W ater L oans—
5s........ . $25,000........Dec. 1,1898 Population in 1880 was.........5,845
5 s , ___, 10,000........ Oct. 1,1903 Population in 1896 (est.)....... 8,000

C O . — R. P. R obinson , Treasurer.
The county seat is Wilkes-Barre.
i nANS —
When Due. I Tax valuation, rea l.. ..$25,322,328
----- —
I Tax valuation, person’l. 3,509,742
County Bonds
4s, F&A, $37,500,g ... Feb. 1,1903 Total valuation. 1897..28,832,070
4 s ,___, 90,000.........1899 to 1907 Assesment abt. 10 p. o. of aot’l val.
County tax (per $1,000),’98.$7-50
(Part annually.)
School tax per $1,000........... 13-00
Int. is payable in Wilkes-Barre.
Total debt Feb. 1, ’ 98.. $127,500 Population in 1890 w a s...201,203
Sinking funds................
22,000 |Population in 1897 (est.)..260,000
Net debt Feb. 1 ,1 8 9 8 .. 105,500 |
TA X FREE.—All bonds of this county are exempt from taxation to
holders. The county pays a State tax of 4 miUs.
LU ZER N E

L Y C O M IN G

C O . — A . D . U p d e g r a f f , Treas.
County seat is Williamsport.
Total debt Aug. 1,1897. $545,475 I Population in 1890 was---- 70,579
Tax valuation................ 20,656,822 | Population in 1896 w a s ....75,000
Tv/r a t J a TSJi'Y'V' r . T T Y
<ROBÉRTJ. BOWMAN, Burgess.
iv m n A i> w i
a a .
) e .S. REINHOLD, See.of Council.
Borough in Schuylkill County.
LOANS—
When Due. Total debt Feb. 1 ,1 89 8 .. $34,500
2,000
Sinking fun d....................
B orough Bonds—
32,500
4s, A&O, $2,500........ Oct. 1,1902 Net debt Feb. 1 ,1 8 9 8 ...
4s, M&S, 5,000........ sept. 1,1908 Tax valuation 1896......... 2,400,000
4s, F&A, 10,000 .... Aug. 1,1909 Assessment is 23 the actual value.
4s, J&J, 10,000.........
1911 Total tax (per $1.000)........ $17‘00
4s, . . . . , 17,000........
192¿ Popula ion 1890 was........... ll,2 8 e
Population 1880 was............ 7,181
(Subject to call after 1907.)
4 s ,.......$45,000........... Jan. 1, 1938 Population in 1897 (est)___14,000
(Subject to caU Jan. 1 ,19Ó8.)
Interest payable at Treasury.
The bonds, except where otherwise stated, are all 5-15-year bonds»
and are exempt from taxation.

M cK

e e s p o r t .— This city is in Allegheny County.

LOANS—
When Due. I Total debt June 1,1898.. $467,608
F u n d in g b o n d s—
I Sinking fund June 1 ,’98. 119,316
4*38, J&J, $42,000.. .July 1,1920 Other assets........... ......... 101,482
RR. C o m p r o m i s e B o n d s —
|Net debt June 1 ,1 8 9 6 ... 246,810
6s, J&J, $104,600...July 1,1906 |Ass’ d valuation 1897 .13,76s,515
W a t e r B o nds—
I Assessment about ¿2 actual value.
5s, J&J, $75,000*..July 1,1911 City& sch.tax(p.$l,000)’96.$13-50
5s, J&J,
27,00 0 ...July 1,1904 |Total tax (per $1,000)..........$16-50
Interest payable by City Treasurer. I Population 1890 was...........20,741
Bonded debt June 1,1898.$272,100 | Population 1880 was.......... 8,212
Water debt (included) ... 102,000 Population 1870 was.......... 2,523
Floating debt.................. 195,508 I Population 1895 (est.)........30,000
* The water bonds due in 1911 are subject to call on 60 days notice.
FREE.—The Railroad Compromise bonds are tax exempt.

TAX

M E A D V I L L E . — { g; %
oAMHXJR,Mayor.
T. M
McKAY,
Jr., Comptroller.

This city is in Crawford County.
*LOANS—
When Due. Floating debt..................
$4,258
City B onds79,958
Total debt........................
4258, J&J, $6,000........July 1,1902 Sinking fund....................
24,515
'4s, J&J, 24,200........July 1,1901 Net debt Jan. 1,1 89 8 ___
51,443
4s, J&J, 1^,000........ Jan. 1,1907 Tax valuation, real........ 2,898,446
4s, J&J, 6,000......... Apr. 1, 1907 Tax valuation, personal.
83,061
4s, M&S, 7,900.Mar. 1,1916
Total valuation 1897___ 2,981,507
Water Wokks B ondsAssessment abt. 50% actual value.
48, A&O, $153,000......Oct. 1,1928 Total tax (per $1,000)’ 97
$33-00
(Subject to call alter Oct. 1,1903.) Population 1890 was___
9,520
Interest is payable at City Treas’y. Population 1898 (est.)...
11,000
Bonded debt Jan. 1 ,’98.. $75,700
All bonds are subject to call. The bonds of 1907 and 1916 are free of
State tax.
<E. C. GARDNER, Burgess.
l . COOVER, Secretary
This borough is in Cumberland County.
LOANS—
Amount. , Bonded debt Jan. 1,1898 $37,575
Reg’dbds. due July 1,1901.$3,500 |Floating d e b t ................
2,600
Do
do Apr. 1,1902. 6,675 1Total debt Jan. 1,1898..
40,175
do Oct. 1, 1902.
Do
500 Assessed valuation’97.-1,562,978
Do
do Apr 1,1903.10,500 Assessment about actual value.
Do
do Apr. 1,1904. 4,400 Tax rate (per $1,000) 1897.$14-00
do
Oct. 1,1904. 5,000 Populatiou in 1890 was........8,091
Do
Do
do Apr 1,1905. 7,000 Population in 1897 (est.)
5,000
Interest 4%. Payable at Treasurer’s office.

M I F F L I N C O U N T Y . — G eorge K . M cClintic ,
Treasurer.
County seat is Lewistown.
LOANS—
When Due. I Total debt Mar. 20,1898. $77,300
County B onds—
I Tax valuation 1897..........3,441,768
4s, J&J and M&N, $77,300............. Population in 1890 was....... 19,996
Interest payable in Lewistown. |Population in 1880 was....... 19,577

M I L L V A L E . — W . A Y oung , Burgess.
This borough is in Allegheny County.
Bonded debt Jan. 1 /9 8 .. $100,100 I Assessment abt. 70% actual value.
Floating debt..................
6,000 1Tax rate (per $1,000) 1897. .$23 00
Total debt Jan. 1 ,1898.. 106,100 I Population in 1890 w as.........3,809
Total valuation 1898....2,510,598 |Population in 1897 (est.)....... 9,500

M O N O N G A H E L A . - O . Carson , Mayor.
Monongahela is in Washington County
Tax valuation, personal. $134,145
LOANS—
WhenDue.
Sewer & St . I mp . B onds,’92 & 4: Total valuation 1897......1,455,522
5s, M&S, $41,500..........Sept., 1912 Assessment about 23 actual value.
Total tax (per $1,000) ’97..$24-00
(Subject to caU after 1897.)
4,096
5s, F&A, $18,500.......... Aug., 1914 Population in 1890 was—
Bond, debt June 1,1898. $60,000 Population in 1880 was___ 2,904
Tax valuation, real....... 1,321,377 Population in 1898 (est.)... 5,500
The city’ s bonds become due part yearly, the entire amount being
payable within twenty years from date of issue. They are subject to
State tax if owned by residents o f Pennsylvania.
t\ irr t \

Tn

r-"

MILTON SHICK, Treasurer.

MCJIN JKCJel. OLJ. — \ h a r v e y H u f f m a n , cierk.
County seat is Stroudsburg.
LOANS—
When Due.
Court H ouse B onds48, M&S, $66,600..................... 1909
Subject to call.
J ail B onds—
4 s ,..........$2,600................................
Subject to call.
Interest payable at Co. Treasury.

M O N TG O M E R Y

C O . — D. H . H it n er , Clerk.

County seat is Norristown.
LOANS—
When Due.
C o u n t y B onds—
4s, A&O, $77,000...Apr. 1,1900
Interest payable in Norristown.

M O N TO U R

Bonded debt Feb. 1,1898. $69,200
Floating debt..................
5,000
Total debt Feb. 1. ’9 8 .... 74,200
Total valuation 1896___6.500,000.
Assessment same as actual value.
Total tax (per $1,000)...........$13*00
Population in 1890 was....... 20,111
Population in 1895 (est.)...21,000

I Total debt Feb. 15, 1898..$77,000
Tax valuation 1897.......78,404,730
I Tax rate (per $1,000) 1897. .$6-00
|Population 1890 was..
123,290

C O . — J no . C. Peifer , Clerk

County seat is Danville.
LOANS—
When Due.

Tax valuation, personal. $128,588
C o u n t y B o nds—
Total valuation 1897___2,030,622
4s, Nov. 1, $33,000.......................... Assessment about % actual value.
State and Co. tax (per M),’97 ..$13
$4,000 due yearly.
Total debt Feb. 15.1898 $33,000 Population in 1890 was.......15,645
Tax valuation, real........ 1 902,034 Population in 1880 was.......15,468
T A X FREE.—All bonds are exempt from taxation.

N E W

C A S T L E . — { w m / e .^m a r s h a l l ’, cierk.

This city is the capital of Lawrence County. In 1897 the boroughs
of West New Castle and Mahoning town were annexed to the city.
LOANS—
When Due. 4s, F&A, $35,000 ....A u g. 1,1918
C it y F u n d in g B o n d s—
(Subject to call after Aug. 1,1903.>
4s, F&A, $24,000...... Aug. 1,1906 Interest payable at city treasury.
Subject to call at any time.
Total debt April 1,1898. $136,500
Se w e r B onds—
Tax valuation, real........ 6,600,000
4s, F&A, $15,000.......Aug. 1,1911 Tax valuation, personal. 1,000,000
Subject to call after 1906.
Total valuation, 1897___7,600,000
St r e e t I m p r o v e m e n t B o nds—
Assessment about % actual value.
4s, F&A, $40,000........ Aug. 1,1904 County tax (per $1,000)___ $3*50
Subject to call at any time.
City tax (per $1,000)............ 10-00
4s, F&A, $40,000.......Aug. 1,1916 School tax (per $1,000)....... 5-00
Subject to call after 1906.
Population 1890 was........... 11,600
4s,M&S, $ 2 5 ,0 0 0 ....Sept. 1,1917 Population 1898 (estimat’d .27,000
T AX FREE.—Bonds are exempt from taxation.
t\.t f ~ \ td d
t o -“p
\~k t tvt
$ JOHN H. WILLIAMS, Mayor.
l N U n n l O l LJ W IN . — <SIMON PAGEL, Treasurer.
This borough is the capital o f Montgomery ^County.
LOANS—
When Due. 4s, J&J, $59,500........ Jan. 1,1915
B o r o u g h B o n d s — (reg.)
Bond, debt Feb. 1 5 /9 8 . $370, 00
4s, J&J, $29,400.July 1,1904
Tax valuation 1897........ 9,2 3,490
Subject to call at any time.
Assessment about 23 actual value.
4s, J&D, $14,300.Dec. 1 ,1908
State & Co. tax (p. $1,000). $2-00
Subject to call at any time.
Borough tax (per $1,000)... 6-50
4s, J&J, $67,000.Jan. 1,1913
Average school tax
......... 4-00
Optional after Jan. 1,1898 Population 1890 was...... .. .19,791
Oct.
1,1927
3 ^ 8 ,..........$200,000..
Population 1896 (e s t .)... ..22,000
(Subject to call after 1902.)
INTER EST is payable at the Borough Treasurer’ s office

M E C H A N I C S B U R G . — *F.




N O R T H A M P T O N
bach , Treasurer.

C O . — A lfred

P.

L au -

Easton is the county seat.
LOANS-

4s, A&O, $100,000___10-20-years
Interest payable semi annnually
at the County Treasurer’s office.
Bonds are tax exempt.
Bonded debt Sept. 1, ’98.$100,000
Sinking fund..................... 20,000

Net debt °ept. 1,1898..
$80,000
Tax valuation, real
39,431,758
Tax valuation, persou’l 4,567,251
Total valuation 1898. .44,001,004
County tax (p. $1,000) 1898.$2-60
Population in 1890 was___84,220-

October, 1898.

fE N N SY lV M IÂ — CITIES

OTT

r 'T 'T 'V
i J ^MES a . FAWCETT, Mayor.
V- 'A 1 1 •— ( W .H . WISE, Treasurer.
This city is in Venango County.
„ LOANS—
When Due. Bonded debt Mar. 1, ’98. $69,000
Cit y B u il d in g B o n d s—
10,187
Floating debt..................
Is, M&S, $16,000.......Sept. 1,1899 Total debt Mar. 1,1898..
79,187
($1,000 due yearly) to Sept. 1,1914 Water debt (included). . .
48,000
Oil Cit y B o r o u g h B o nds—
Tax valuation, re a l........ 2,343,590
os, M&S. $2,000....... .Sept. 1,1899 Total valuation, person’l. 202,205
W a t e r B o nds—
Total valuation 1897___ 2,545,795
5s, M&S. $9 ,00 0 ........Sept. 1,1899
Assessment is L) actual value.
($3,000 due yearly) to Sept.l, 1901 Total tax (per $1,000) ’97...$36*00
5s, M&S, $36,000.......Sept. 1,1902 Population in 1890 was.......10,932
Population in 1898 (estim.).13,000
INTEREST on the Water 5s is payable by Townsend, Wlielen & Co.,
Philadelphia.
n Y T 7 D R F )
J T. F. GRIER, Burgess.
' - ' H U . — *J. c . KERR, Secretary.
This borough is in Chester County
_ LOANS—
When Due. Net debt Feb. 15,1898....$41,200
F u n d e d L o a n B o nds—
Total valuation 1897....... 980,525
5*. J&J, $10,000........ Jan. 1,1900 Assessm’t within 15* actual value.
G as a n d W a t e r R e d . B o nds—
County tax (per $1,000).........$2*50
41«#, MAN, $12,000...May 1, 1910 City tax (per $1,000)............. 8*50
4s, MAN, 27,700...May 1,1906 School tax (per $1,000)......... 4*00
Total debt Feb. 15,1898..$49,700 Population 1890 was..............1,710
Water debt (included).... I! 39,700 Population 1880 was..............1,502
■inking fund........................ 8,500 Population 1898 (estimated) .2,400
All issue# of bonds are exempt from taxation.
O P T IO N A L .—Bonds are all optional five years from date of issue.
INTEREST i« payable at the National Bank of Oxford

P E R R Y

C O . — H. 0 . G a u l t , Treasurer.
Mew Bloomfield is the county seat.

Bonded debt Jan. 1,1898 $131,153 Total
'
valuation 1897...$8,694,935

Assets, A c........................
31,721
Assessment about actual value.
Net debt Jan. 1 ,1 8 9 8 ....
99,432 State and county tax (per
Assessed valuation, real.7,915,974
$1,000) 1897........................ $9*00
Assessed valuation, per’l 778,961 Population in 1890 was.......26,276

p u r iT
a n u t p u t A
SCHAS. F. WARWICK, Mayor.
*
n i A . — l JOHN M.WALTON, Comptrol’r.
Philadelphia, co-extensive with the oounty of the same name, is the
third city of the United States, has an area of over 130 square miles,
and includes a number of places which have almost the character of
separate towns. The county is under city control and has no separate
debt. In the following table the various issues of bonds under the
general heads, Taxed City Loan and Untaxed City Loan, are given in
the order of their dates of maturitv.
The city, in November, 1897, voted in favor of $11,200,000 bonds for
various improvements, [the actual amount voted was $12,200,000, but
the lease o f the city’ s gas works obviated the necessity for issuing the
$1,000,000 included for the improvement of the gas plant, thus
reducing the amount to $11,200.000], and the City Councils, in June,
1893, took the necessary steps to authorize the bonds, but their issue
has been thus far (Oct. 1) defeated by litigation.
,— Interest.—
-Principal.LOANSWhen Due.
Bate Payable,
M A M E AND PURPOSE.
0 ut8 tand’g.
New funding loan, series
> Dec.31’98to 1904) $2,800,000
8 to Y .................. 1879 4
J & J ($400,000 yearly. 5
Three p. ct. loan,1890-91,
5 N ov.l,1900to ’ 19 >
series A to T ................ 3
M A N ? $230,000 yearly. $ 4.600.000
T
r
>
Bee. 31, 1903-’ l 9 )
Serial loan............. 1893 3
J
J ) $175,000 yearly. < 2.975.000
T
5
Deo.
31, 1920-’22 )
do
do
J A J l $175,000
525,000
yearly. >
T
5
Dec.
31, 1904-’ 23 ) 4.100.000
do
.1894 3 1« J A J ? $205,000
yearly. (
31, 1905-24)
do
.189
3*2 J A JTl( Deo.
$100,000 yearly. ( 2,000,000
31, 1908-’ 27 (
do
.1898 3
J A JT l( Deo.
$65,300 yearly, f 1.306.000
5 Dec. 31, 1904-’ 2 3 ) 2.720.000
Refunding loan___1894 3 1«
** ($136,000 due yrly 5
Subway loa n __
do 3^2 ............ Dec. 31,1904 ’ 10
2.084.000
do
do
do 3
............
Dec. 31, 1904
16,000
5 Deo. 3,1911-1918 ) 2.400.000
do
do
1897 313
l $300,000 yearly. 5
. j ( Deo. 31, 1919-’ 21 /
nnn
do
do
1898 3 1«
*
$300,000 yearly, j
900,000
Serial loan.
..1895 3
2.400.000
o .1«
SDeo. 31, 1905-’ 23 )
Refunding loan.. ..1895 3
950.000
............. i $50,000 yearly. Ç
do
do
do 3»«
Deo. 31, 1924
44,000
do
do
do 314
Dec. 31, 1924
5.000
do
do
do 31«
Deo. 31, 1924
1.000
5 1907-1926, $32,500 ) 650.000
do
do .. ..1897 31«
Reservoir loan, series A
(Deo. 3 1 ,’02 t o ’21
1,000,000
to T. 1892..................... 3
J A j ( $50,000 yearly.
T a x e d Cit y L

oan—

do

Un t a x e d Cit y L

oan-

H ouseof Correction...
Water, No. 4 6 ...............
Guaranteed gas.......... .
Police and oulverts___

No. 53.
House of Correction...
U

ntaxed

C it y L

oan—

6
6

J A j
J A j

Jan. 1, 1904
July 1, 1904

6
6
«
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6

J
J
J
J
J
J
J
.1
J
J
J
J
J
J
J
.1
J
J
J
J
J
J
J
J
J

Jan.
Jan.
Jan.
Jan.
July
July
July
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
July
Jan.
Jan.
Jan.
Jan.
June
Jan.
July
Jan.
Jan.
Jan.

A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A

j
j
j
j
j
j
j

j
j
j
j
j
j
j
j
j
j
j
j
j
j
j
j
j
j

1,
T,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1899
1899
1899
1900
1900
1900
1900
1901
1901
1901
1901
1902
1902
1902
1902
1903
1903
1903
1903
1903
1903
1903
1904
1904
1905

31,100
1,400
•80,200
4.020.000
1.650.000
1,020,300
1,985,100
985.400
996,100
700.000
500.000
500.000
*,122,000
500.000
425.000
200.000
1, 000,000
200,000

2.138.000
1.800.000
970.000
200.000

500.000
225.000
450.000

1, 000,000
1, 000,000

335.000
6
J A .1
July 1, 1905
499.400
6
J A j
July 1, 1905
and yet outstanding..
Non-registered loans overdue and yet outstanding........................ 40,520
Non-registered coupons overdue and yet outstanding....................14,000




TOWNS

71

PAR OF BONDS—Bonds are in pieces of $25, $50, $100 and $1,000
INTEREST payable by Farmers’ & Mechanics’ Nat. Bank,Phila.,Pa
T O T A L DEBT, SINKING FUNDS, E T C .— The subjoined statemen t
shows Philadelphia’s total municipal debt, and the sinking fund held b y
the city against the same, on the dates mentioned. [By a decision o f
the Supreme Court of Pennsylvania, filed May 31,1894, it is held that,
within the meaning of the word “ D ebt” in Section VIII, Article IX ,
of the Constitution of Pennsylvania, the real debt of the city is the
authorized debt less the amount of the city certificates purchased and
uncanceled in the sinking fund.]
Jan. 1,1898. Jan. 1,1897. Jan. 1, 1896.
Bonded debt........................ $56,872,795
$54,023,120
$52,900,245
Outstanding warrants.......
1,235,133
1,031,810
1,417,351

Total debt..................... $58,107,928
8inking funds..................... 18,933,575

$55,054,930
19,575,350

$54,317,596
18,692,525

Net debt on January 1st.. $39,174,353
$35,479,580
$35,625,071
The city held on January 1,1898, in addition to the sinking fund
given above assets amounting to $12,044,683.
The sinking fund holds the following securities: City loan, at par
$18,933,575 and United States loan, at par, $413,000. The amount
of bonded debt redeemed by the Sinking Fund Commission during the
year 1897 was $2,204,600. Among the assets held by the city are
22,500 shares of Sunbury A Erie Railroad stock, par value $100 per
share, or 45,000 shares of Philadelphia A Erie Railroad stook, par
value $50 per share, market value $21 per share.
CITY PR O PERTY —The real estate owned by the city is valued at
$53,793,669, an increase over the appraisement of Jan. 1, 1897, o f
$1,018,775.
ASSESSED V AL U A T IO N , Et c .—The following shows ths annual
payments to the sinking fund, amount of bonded debt and outstanding
warrants, assessed value of property, and the tax rate, for years indi­
cated. Property in this city is assessed at about % of its aotual value
Paym'ts to Total Municipal Assessed real and Tax rate
Sink. Fund.
Years.
Debt Jan. 1.
Personal Valuat'n. per $1,000
1 8 9 9.... - - - •«Ì5- . . . . . . .
$864,516,045
$18*50
$ ..................
1 8 9 8.... . . . . 794,556
56,872,795
842,330,700
18*50
1 8 9 7.... . . . . 368,860
55,054,930
818,827,549
18*50
1 8 9 5.... . . . . 419,260
55,168,028
782,677,694
18*50
1890.... . . . . 602,590
56,777,370
688,713,518
18*50
1885.... . . . . 660,986
64,131,362
597,785,428
18*50
1880.... . . . . 806,605
72,264,595
536,667,834
20*00
1 875.... . . . . 785,899
64,390,463
575,283,968
21*50
1870.... . . . . 519,197
45,093,247
479,776,643
. 18*00
1865.... . . . . 329,340
32,763,899
159,119,928
28*00
I8 6 0 .... . . . . 173,737
21,356,759
155,697,669
20*00
1855.... . . . . 81.665
15*00
POPULATION.—In 1890 population was 1,046,964; in 1880 it was
847,170; in 1870 it was 674.022.

P H O E N I X V I L L E . — W m . H . B itting , Burgess
This borough is in Chester County.
LOANSWhen Due. Interest payable at Phoenixville.
M a r k e t H o u se B o r . B onds—
Total debt Feo. 1,1898.. $174,000
4*4s, A&O, $3,000 ...A p r. 1,1899 Cash on hand..................
8,000
Subject to call at any time.
Net debt Feb. 1. 1898... 166,000
4*4s, A&O, $ 1 ,50 0 .... Apr. 1,1899 Tax valuation 1896......... 3,000,000
Subject to call at any time.
Assessment about
aotual value.
W a ter B onds —
Total tax (per $1,000)............ 13*00
4*4s, A&O, $ L69.500.. Apr. 1.1914 Population in 1890 was........ 8,514
Optional after Apr. 1,1899.
Population in 1897 (est.) ...8 ,5 0 0
X D T T " T C I 3 TTTD r 1
j H. P. FORD, Mayor.
1 T I 1 l O D U f - e ij r .— \ h . I. GOURDE Y, Comptroller.
This city is situated in Allegheny County.
LOANS—
<— Interest.—, -------------Principal.-----------,
N AM E AND PU RPO SE—
Rate. Pay'ble. When Due.
Outstand’g
City building bonds, refun.c&r 5
A & O Apr. 1, 1910 $170,000
Free bridge b on d s..........c o r r 4
M AN
1925
*1,500 000
Subject to call 1-10 every 3 years.
Funded debt bonds.................. 0
A J July 1, 1909
142.000
do
do ............... .r
A J July 1, 1909
358.000
do
do ..................r
A J Jan. 1, 1912
121.000
Funded debt improv. bonds.c
A D June 1, 1913
88,000
do
do
do r
A D June 1, 1913 1,315,000
do
do
do .r
A D June 1, 1912
77.000
Improvement bonds...............0 4
A D Deo. 1, 1915
53.000
do
do ...............r 4
A D Deo. 1, 1915 3,681,700
Market bonds, refunded........ r 5
A O Apr. 1, 1910
25.000
Municipal consol, bonds........ r 6
A O Oct. 1, 1904 g.210,000
Public Park bonds.......... c o r r 4
M AN
1925
*1,625,000
Subject to call 1-10 every 3 years.
PubUo Safety bonds........c o r r
4 M AN
1925
*450,000
Subject to call 1-10 every 3 years.
Boulevard bonds..............c o r r
4 M&N
1925
*400,000
* Subject to call 1-10 every 3 years.
Railroad scrip............................ 5
502
Railroad compromise bonds.. o 5
Jan. 1, 1913
882,000
do
do
do ..r 5
Jan. 1, 1913
944,400
do
do
do ..o 4
Jan. 1, 1913
217.000
do
do
do ..r 4
Jan. 1, 1913
136,300
Water bonds............................ o 6
Jan. 1, 1908
300.000
do
..„V-’...................;C o rr 4 M & N
1925
*1,800,000
* Subject to call 1-10 every 3 years.
Refund. Water extension loan 31« .......... 1000 y’rly Mar °i" £ 963,000
East Birmingham funded...... 4
___..
Mar. 15,1918 " 62,000
(0) Coupon bonds.
(r) Registered bonds.
(g) Payable in gold
* These issues form parts of the $6,250,000 loan authorized in 1895,
and the amounts here given represent the portion thus far issued.
PAR VALUE OF BO NDS.— Bonds are for $100 and multiples.
T AX FREE.—All issues of this city’ s bonds are exempt from taxation
except the refunding water extension loan.
INTEREST is payable at the City Treasurer’ s office in Pittsburg, at
the Bank of America in New York, at the office of Townsend, Whelen A
Co. in Philadelphia and at the Pittsburg Trust Co.
T O T A L DEBT, SINKING FUND, Et c -

1898.
1897.
1896.
1895.
Total bonded debt
$
$
$
$
(inol. water bonds) $16,962,902 14,928,202 13,630,301 12,593,102
Sinking funds.......... 5,391,222
4,707,369
5,088,354
4,617,140
Net debt on Feb. 1. 11,571,680 10,220,833

8,541,947

7,975,962

Î Including $7,000 still outstanding.
The sinking fund receives yearly from $100,000 to $500,000 from
appropriations and investments.
DEBT LIMITATION.—Pittsburg’ s debt is limited by State Consti­
tution to 7 per cent of the assessed value of real estate.
ASSESSED VALU ATIO N . —The city’s assessed valuation (estimated
at about cash value) and tax rate have been as follows :

72

OiTY

Voi. L X V Il

.------------------Assessed Valuation.------------------. Rate o f Tax D U ’ M n X / ' n
) GEO. O. MILLER, Mayor.
Tear.
Real.
Personal.
Total.
per $1,000. TAIL IN CJ V L J .— ) JOHN SMITH, Treasurer.
1 8 9 8 ....... $305,087,654
$1,649,862
$306,737.516
$15-00
This borough is in Clinton County.
1 8 9 7 ............ 293,368,242
1,948,020
295,316,262
........
LOANS —
When Due. I Bonded debt Jan. 1 ,18 9 8.$ 4 8,00 0
1896............ 286,497,437
1,988,985
288,486,422
R efunding Water B onds—
I Tax valuation 1896........... 632,000
1893............. 273,390,506
2,259,660
275,650,166
11-00
4ias,
J
&
J
,
$30,000...
July
1,1906
Assessment abt. *2 actual value.
1890............. 198,580,267
1,873.359
200,453.626
15-00
W
ater B onds —
|Total tax (per $1,000)........ $39-00
18 8 5 ............. 108,530,608
3,000,000
111,530,608
13-00
413s,
J&J,g.
$18,000..Jan.
1,1926
I
Population
in 1890 was........4,154
1 8 8 4 ............ 105,404,720
1,838,258
107,342,978
16-00
Subject to call at anytime.
Population in 1896 (est.).....4,200
For the year 1898 the assessed valuation of real estate includes the Interest payable in Renovo.
valuation of property to the amount of $103,669,412 which paid a rural
TAXES on the above securities are paid by the borough.
tax (two-thirds of full tax), and $11,538,978 which paid a so-called
agricultural tax, or one-third of the full tax rate. The taxable valuation
CHAS. A. SNYDER, Controller.
of all property for 1898, after making some slight deductions for S C H U Y L K I L L C O .
ELIAS DAVIS, Treasurer.
exemptions, was therefore $264,488,394.
County seat is Pottsville.
POPULATION.—In 1890 population was 238,617; in 1880 it was
LOANS—
When Due. Floating debt................ $292,965
156,389; in 1870 it was 86,076. Estimated April 1,1898, 291,000.
4s, A&O, $38,100....Apr. 1,1909 Total debt May 1,1898. 854,565
4s, ....... 142,000....Apr. 1,1914 Assessed valuat’n, real.44,162,636
Optional after Apr. 1,1899 Asses’d valuat’n, pers’l. 2,949,762
P I T T S T O N . — E. J. M c D onnell , Treasurer.
4s, A&O, $75,000.......Oct. 1,1916 Total valuation 1897.. .47,112,398
This borough is in Luzerne County.
3s, J&J, 274,100....July 1,1919 State&Co tax(per$l,000)’98.$8-00
32,600.. ..Sept. 1,1921 Assessment abt, 60 p.c. actual vah
LOANS—
When Due. Bonded debt Mar. 1,1893 $48,300 3s, M&S,
Population in 1890 w as...154,163
P aving and Sewer B onds—
Tax valuation 1897........ 1,388,770 All bonds exempt from taxation.
Population in 1880 was. .129,974
4*28, J&J, $33,300...Jan. 15,1915 Assessment about *4 actual value. Interest payable in Pottsville
Subject to call after Jan.15,1900 Boro’ tax (per $1,000) 1897.$20"00 Tot. bond, debt May 1,’98.$561,800 Populationin 189 7 (est.)... 165,000
B orough Bonds—
Average school tax 1891.... 24-00
Population 1890 was........... 10,302 q p d a ■\t ' T / a m
4 s ,......., $14,000.....................
5 JAS. G. BAILEY, Mayor.
5 s ,........
1,000.............................. Population 1894 (estimated) 12,500 O O JrA A A lN 1 V-/1N .— ) E. J. ROBINSON, Comptroller.
This
city
is
in
Lacka
wanna
County.
TA X FREE—All bonds exempt from taxation.
LOANS—
/— Interest.— . .--------------Principal.INTEREST is payable at the Treasurer’s office, Pittston.
Rate. Payable. When Due.
Outstand’g.
N AM E AND PURPO SE.
Bridge loans............. .1894 4*2 J & D
June 1, 1904
$90,000
do
do ...............1894 4*2 .1 <fe D
P L Y M O U T H — D a n ie l B. L oduer , Burgess.
June 1, 1909
50,000
do
do ............. ..1894 4*2 J & D
June
1,
1914
50,000
This borough is in Luzerne County.
do
do ...............1894 4*2 J & D
June 1, 1915
60,000
LOANS—
When Due. I Total debt Jan. 1, 1897...$27,277
i July, ’99 to 1906 1
16,000
Coupon B onds—
I Tax valuation 1896........... 870,687 City improvement.. ..1886 4
J tSz J t1 $2,000 yearly.
5s, A&O, $22,900. .Oet. 1,’97 to ’07 I Assessment about *4 actual value.
1July 1, 1907-T6
j
35,000
Interest payable at Plymouth.
I City tax (per $1,000)..........$19-00
do
do
..1886 4
J & j S1 $3,500 yearly.
Bonded debt Jan. 1 , 1897..$22,900 I Population 1890 was.............9,344 City improvement.. ..1891 4*2 J & D
Dec. 1, 1901
22,000
Floating debt....... ............ 4,377 | Population 1880 was............ 6,065
do
do
..1891 4*2 J A D
Dec. 1, 1906
23,000
do
do
..1891 4*2 .) & D
Dec. 1, 1911
22,000
do
do
..1891 4*2 .) & D
Dec. 1, 1916
23,000
J & J
July 1, 1901
15,000
P O T T E R C O U N T Y . - S ^ ™ 8, Commis Funding lo a n .......... ..1886 4
do
.
.
.
.
__
..1886
4
&
do
J
J
July
1,
1906
15,000
County seat is Coudersport.
F <fe A
Municipal building. ..1890 4
Feb. 1, 1900
20,000
Total debt Aug. 1,1 89 8 .. .$22,500 |Population in 1890 was.......22,778
do
do
..1890 4
F & A
Feb. 1, 1905
25,000
Tax valuation 1898...$11,462,398 Population in 1897 (est.)...44,000
do
do
..1890 4
F <fe A
Feb. 1, 1910
30,000
Assessment about actual value.
|
Redemption bonds. ..1893 4*2 J & D
June 1, 1903
34,000
do
..1893 4*2 J & D
do
June 1, 1908
34,000
do
..1893 4*2 J & D
do
June 1, 1913
38,000
P O T T S V I L L E . — S. M. M ortimer , Treasurer.
do
do
..1893 4*2 J & D
June 1, 1918
38,000
This borough is in Schuylkill County.
TAX FREE.—All bonds issued by this city are tax exempt.
LOANS—
When Due. Bonded debt Mar. 8,’98.. $110,000
TOTAL DEBT—The subjoined statement shows Scranton’s indebt­
F unding B onds—
Floating d e b t .................
4,866 edness on the dates mentioned.
4s, A&O, $14,000....... Oct. 1,1901 Total debt Mar. 8,1898. 114,866
Apr. 4, ’98. A »r, 5 ,’97. Apr. 1,’95. July, 1894.
4s, M&N,
1,000....... Nov. 1,1907 Tax valuation 1897.........6,190,828 Total bonded debt........ $642,000
$644,000
$762,000
$528,500
4s, M&N, 33,000....... May 1,1911 Assessment about *2 actual value. Floating d e b t...............
32,412
34,479
55,589
259,056
4s, J&D, 5 4 ,00 0 ....................1914 Total tax (per $1,000) ’ 97..$16-00
B ridge B ondsPopulation in 1890 was...... 14,117
Totalmunicip. debt.$674,412
$678,479
$817,589
$787,556
48, J&D, $8,000........... 1900-1907 Population in 1880 was.......13,253 Less sinking funds, &c.. 142,701
98,940
143,427
242,215
Int. is payable at Boro’ Treas’y.
$579,539
$674,162
$545,341
Net debt................... $531,711
The bonds due in 1907,1911 and 1914 are subject to call after five
years from date of issue. All are exempt from local taxation.
In addition to the above-stated assets, the city purchased bonds o f
the redemption loan series of 1893, amounting to $104,000, for invest
ment for the benefit of its several sinking funds.
P U N X S U T A W N E Y .— \
ASSESSED VALUATION—The city’s assessed valuation (about oneThis borough is in Jefferson County.
third cash value) and tax rate have been as follows :
LOANS—
When Due. Floating debt..................
$1,334
Real
Personal
Total Assessed Rate o f Tax
P aving B ondsTotal debt Jan. 1 ,1898..
28,334 Tears.
Estate.
Property.
Valuation, per $1,000.
48, J&J, $8,000..........Jan. 1,1927 Sinking fund....................
1,094 1897......... *$19,529,803
$1,347,300
$20,877,103
$33*c0
(Optional after Jan. 1,1905.
Net debt Jan. 1 ,1 8 9 8 ...
27,240 1896.................................
............
20,186,713
........
4s, F&A, $5,000........Aug. 1,1927 Assessed valuation, real. 1,316,419 1895............ 18,597,764
1,021,540
19,619,304
. 34*60
(Optional after Aug. 1,1905.)
Assessed valuation, per’l 104,749 1892......... 17,545,388
1,067,385
*18,612,773
27-63
8 treet I mprovement B ondsTotal valuation 1897___ 1,421,164 1 8 9 0 ........ 15,196,294
*1,189,540
16,385,834
.........
48, J&D, $15,000.........1903-1921 Assessment about % actual value. 1880............ 4,582,871
97,934
4,680,805
.........
k e f u n d in g B o n d sTax rate (per $1,000) 1897.$16-75
*This
amount
includes
occupations
as
well
as
other
personal
property.
48, J&J, $ 1 4 ,0 0 0 ...... Jan. 1,1928 Population in 1890 w as........ 2,792
(Optional after Jan. 1,1903.)
POPULATION—In 1890 population was 75.215; in 1880 it was 45,Population in 1898 (est.)___4,200
Bonded debt Jan. 1 , 1898.$27,000
850; in 1870 it was 35,092; in 1898 ( local estimate) it was 105,000.
VALUE of city property, $8,940.
'T / 'T
5 J- CJ. CHAPLIN, Chairman Fin. Com.
INTEREST on paving bonds payable at Borough Treasurer’s office, c m rWn rlO
lV J -iti. Y .— |j . a . KNOX,Clerk.
and on the refunding bonds at the First National Bank, Punxsutawney.
Sewickley is in Allegheny County.
LOANS—
When Due. I Bonded debt Apr. 1, ’9 8 .. $99,500
D f T A T~\1 TV CT
5 JACOB WEIBEL, Mayor.
S t r e e t I mp. B o n d s —
|Water debt (included)___
75,000
l U L A U i IN
\ H. H. HAMMER, Clerk.
4*28, F&A, $3,500............. ...V ar. I Floating d eb t...................
10,717
This city is the County seat of Berks County.
(Subject to call at any time) |Total debt Apr. 1, 1898. 110,217
St r e e t a n d Se w e r B o n d s.
I Tax valuation 1897.........3,441,518
LOANS—
When Due.
LOANS—
When Due
F unding B onds4 -9 s,___$21,000...................... 1903 I Assess’t ab’t 23 actual value.
R efunding Water B onds48, A&O, $99,000.......Apr. 1,1903 48, J&J, $57,500.........Jan. 1,1900
W a t e r B o nds—
I City tax (per $1,000)............. $5-50
R efunding B onds4s, J&J, 125,000....... Jan. 1,1919 5s, A&O, $60,000___Apr. 1,1903 I Population in 1890 was......... 2,750
48, A&O, $200,000....Apr. 1,1918
1905
|Population in 1897 (est.)....3,500
Subject to call after Jan. 1,1904 4s, A&O, 15,000.......
Subject to call a fr Apr. 1,1898 4s, J&J, $200,000.......July 1,1920
INTEREST is payable at the First National Bank of Sewickley.
4s, A&O, 40,000.......Oct. 1,1899
P aving B ondsCITY PRO PERTY.—The borough owns a water plant and other
4s, A&O, 100,000...April 1,1913 48, ........ $200,000....1902 to 1922
available assets amounting to about $150,000.
Optional after April 1,1903.
($40,000 ev’ry fifth year on Feb. I.)
W ater Bonds4s, A&O. $100,000........ 1903-1923
48, J&J, $75,000........ Jan. 1.1902 ($20,000 every fifth year on Apr. 1) S H A M O K I N . — M. 0 . F arrow , Burgess.
4s, J&J, 75,000 . . . . . . Jan. 1,1912 4s, J&J, $100,000.......... 1902-1923
This borough is in Northumberland County.
($20,0u0 every fifth year on J uly 1.)
LOANS—
When Due. 4s, M&S, $ 2 ,50 0 ...Sept. 9,1905
INTEREST is payable at the office of the City Treasurer.
B orough P urposes—
R efunding B onds—
TOTAL DEBT.4*28, M&S, $10,000...Sept. 9,1905 4s, J&J, $2,500... .Jan. 23,1904
4s, J&J, 7 ,0 00 .... July 1,1899 4s, M&N, 4 ,0 0 0 ....Nov. 9, 1904
__ , . . ,
April 4, ’98.
1896.
1895.
Bonded debt(includingwaterdebt).$i,371,500 $1,019,500 $1,035,000 4s. F&A, 8 ,0 0 0 ....Aug. 6,1899 4s, M&N, 10,000... .May 1,1905
Sinking funds....................................
82,928
4s. M&N, 7 ,6 0 0 ....Nov. 1,1899 Total debt Jan. 1 ,1 89 8 .. $70,600
71,274
........
F unding B onds—
Tax valuation 1895........ 1,200,000
Net debt.................................. , .........$1,288,572
$94^,226
............ 4*28, M&N, $6,000...M ay 18,1903 Assessm’t about 10% actual value.
4*28,
M&S, 1,000...Sept. 9, 1905 Total tax (per $1,000)......... $72-00
Water debt (included above)........ $532,500
$548,500
$615,000
4s. M&N, 6,000.. .Nov. 16,1904 Population in 1890 was...... 14,403
TAX FREE.—All issues of the city’s bonds are exempt from taxation
TAXES on the above securities are all paid by the borough.
city owns its water works, valued at
O P T I O N A L — All of the borough’s bonds are subject to caU after five
^1,250,000, real estate worth $225,000, and other property to the
years from date of issue.
amount of $101,194; making a total o f $1,576,194.
INTEREST is payable at the office of the borough treasurer.
ASSESSED VALUATION. —The city’s assessed valuation (about
two-thirds of cash value) and tax rate have been as follow s:
Real
Personal
Total Ass’d Rate o f Tax S H A R O N — This borough isin Mercer County.
Tears.
Estate.
Property.
Valuation, per $1,000
LOANS—
When Due. I Total debt (last returns) - $84,000
1898.............
$43,000,000
B orough B onds—
|Tax valuation 1895........ 2,452,613
1894...............................
.............
42,000,000 $12-50
5s, M&N, $49,000.......May 1,1905 I Assessment is 34 actual value.
1891............. .......... $38,096,325 $2,033,915
40,130,240
14-50
R
efunding
—
County tax (per $1,000) ’ 94. .$4-50
1890.............
26,527,133
9-45
4s, M&N, $49,000— Nov. 1,1915 City tax (per $1,000).............10-00
1889............. .......... 23,910,568
136,935
24,047,503
........
S
treet
I
mpovement
B
onds
—
Average school ta x............... 8-00
1880............. .......... 17,397,467
569,441
17,969,908
........
4*28, M&N, $10,000...Nov. 1,1898 I Populationin 1890 was........ 7,459
^ A D U L A T I O N .—In 1890 population was 58,661; in 1880 it wai 4s, M&N, 5,000..................1903 1Population 1895 (estimated) .7,500
43,278; in 1870 it was 33,930; in 1898 (estimated), 87,984.
OPTIO NAL.—All bonds subject to call at the option of the Council.




J;&

October, 1898.

PENNSYLVANIA— CITIES ¿N S TOWNS.

S H A R P S B U R G . — G eo. L . W alter , Chairman
Finance Committee.
Sharpsburg is in Allegheny County.
E l e c t r ic L ig h t s —
„ LOANS.
When due.
5s, M&N,$11,000... .$1,000 yearly
W a t e r B o nds—
5s, M&S, $41,500___$2,500 yearly Total debt Aug. 1, ’97... $124,000
Total valuation 1897... 3,128,245
F u n d in g B o n d s68, A&O, $4,500.......$1,500 yearly Assessm’t about 60% actual value.
Borough and school ta x
$10*00
S e w e r B o nds48, A&O, $62,000.......... 1907-1919 Population in 1890 was...... 4,898
Population 1895 (estimated).6.000
($5,000 annually.)
INTEREST on the water bonds is payable in Philadelphia; on the
electric bonds in Pittsburg-.
TAX FREE.—All bonds are exempt from taxation.
Q t lT T K T A TSJTVCI A L-T
(ADOLPH P. TABER, Burgess.
A A lN iJ L J A A r l.— ¿ t . ,T. DAVIES, Tieasurer.
Shenandoah is in Schuylkill County.
When Due. Water debt (included)... $140,000
LOANSTax valuation 1896.........2,150,000
R e f u n d in g B o n d sAssessm’t about 30 p. e. actual vai.
48, J&J, $25,000........
1926
Total tax (per $1,000).......... $35*00
w a t e r B o nds—
5s, J&J, $140,000..........1923 1924 Population in 1880 was.......10,147
Total debt Feb. 1,1898.. $165,000 Populationinl896 (estim’d) 17,500
OPTIONAL. —All above bonds are subject to call at any time.
TAX FREE.—All bonds free of tax to holders.

S O U D E R T O N . — H enry 33. F reed, Burgess.
This borough is in Montgomery County.
LOANS—
When Due. I Tax rate (per $1,000) ’98...$11*00
4 s , ........ ,$16,000...........1899-1922 |Population in 1890 w a s ........679
Bonded debt Apr. 1, 1898.$23,325 I Population 1898 (est.)....... 1,200
Assessed valuation 1898. 470,000 |

S O U T H B E T H L E H E M . — T hos. G a n e y , Clk.
This b jrough is in Northampton County.
LOANS—
When Due. Bonded debt Feb. 1, ’98. $158,500
Floating debt..................
1,350
M a r k e t B u il d in g B o n d s48, J&D, $15,000.......June 1,1909 Total debt Feb. 1,1898. 159,850
4s, J&D, $24,000..June 1,1909-19 Tax valuation 1 8 9 7..___ 5,087,790
P e r m a n e n t S t r e e t I m p . B o n d s . Assessment abt. 66 p. e. act. value.
4s, A&O, $15,000...... Apr. 1,1919 State tax (per $1,000)...........$3*50
4s, A&O, 15,000......Apr. 1,1920 County tax ($1,000)............... 2*80
4s, J&J,
5,000...... July 1,1921 Borough tax (per $1,000)___ 6*00
4s, J&J, 15,000.......July 1,1922 Average school ta x................. 5*50
Population 1890 was........... 10,302
R e d e m p t io n B onds48, F&A, $69,500.......Aug. 1,1916
O PTIO N AL.—The $15,000 of market building bonds are subject to
call ten years from date of issue, at the option of the borough; all
other issues fifteen yegrs.

SO U TH

C H E S T E R .—

This borough, located in Delaware County, has been annexed to the
city of Chester, and the debt below assumed by that city.
LOANS—
When Due. I 4*2S, A&O, $6,000----- part yearly
B o r o u g h B o nds—
| Total debt (last returns). $126,000
4s, J&J, $102,000___part yearly I Tax valuation in 1895...2,744,105
4s, A&O, 17,500___part yearly |Population in 1890 was.........7,076
c r T M D r iD v
5 F. h . MOORE, Chief Burgess.
O U IN ±3 U .tv. I .— l H ARRY LANDAU. Clerk.
This borough is the county seat of Northumberland County. The
borough of East Sunbury was annexed March 3,1896.
Bonded debt July 1, ’98. $50,000 I Tax rate (per $1,000) ’ 97...$52-00
Assessed valuation ’97.-1,350,000 Population in 1890 w as__ 5,930
Assessment about 5 actual value. |Population in 1898 was___11,500

T IO G A

C O U N T Y . - Ross A. M itchell , Treas.

County seat is Wellsboro.
LOANS—
When Due.
Co unty B

onds—

4s, J&J, $150,000..Jan. 1, 1923
Optional at any time.
Bonded debt Jan. 1,1898 $150,000
Intwest is payable at Wellsboro.
OPTIONAL.—All bonds issued
any time.

Tax valuation, re a l... $13,773,835
Tax valuation, pers’nal 1,174,193
Total valuation 1896.. 14,948,028
County tax per $1,000........... $7*00
Population m 1890 was.......52,313
Population in 1880 was.......45,814
)y this county are subject to call at

rp-rnpy t o t tt t t tt'
( IV. B. BENEDICT, Mayor.
I ll U o V
— ( JULES A. C. DUBAR, Comptroller.
This city is in Crawford County.
LOANS—
When Due.
LOANSWhen Due.
Cit y B

onds—

4s,$13,000........ . .............. .
.1900
4s, 1,100.................................1901
4s,
500.................................. 1903
4s,
200.................................. 1905
4s, 18,000................................. 1906
4s, 33,000................................. 1907
4s,
500.................................. 1908

W ater B

o n d s — C o n t.—

4s, $5,000.................. i ........... 1907
4s,
11,800.................
1908
4s,
1,000..............................1909
Se w e r B o n d s48,
$4,500..............................1901

4s,

2,100..............................1906

Sin k in g F

und

B

o nds-

48, ..........$103,500............................
48, $3,500................................ 1900 Bonded debt Feb 16, ’98. $122,800
49,900
4s, 9,700.................................1901 Water debt included.......
4s, 10,500................................ 1903 Tax valuation 1898.........2,150,000
14*50
4s, 1,300.................................1904 Tax rate (per $1,000) ’97
Population in 1890 w as.........8,073
4s, .1 ,7 0 0 .......................... 1905
4s, 5,400.................................1906 Population in 1898 (est.)...... 9,000
INTEREST is payable by the City Treasurer.
V, a t e r B o n d s -

C IT Y PR OPER TY. —The city owns a water works and electric light
plant, and other property and assets amounting to about $278,992

POPULATION.—The population in 1890 was 8,073 ,* in 1880 it was
9,046; in 1870 it was 8,639.
T itusville S chool D istrict .—
Tot. bds., 3128&4s,Mar.,’ 98.$26,000 I Tax rate (per $1,000)..,
15*00
Tax valuation 1897___$1,600,000 I

73

T Y R O N E . — T. J. G ates, Treasurer.
This borough is in Blair County.
Bonded debt Feb. 15, ’98. $27,400 1Tax rate (per $1,000) ’97.. $19*75
Assessed valuation ’97.-1.900,000 Population 1890..... ............... 4,705
Assessment 2%) actual value.
(Population 1897 (est.).......... 7,000

C O U N T Y . — D. R. Smith , Treasurer.
County seat is Lewisburg.
LOANS—
Wh>n Due. |Total debt Aug. 1 5 ,’98.
$30,000
B r i d g e B o n d s — 1889-1894—
County has no sinking fund.
4s, J&D. $28,000.... June l , ’99-’05 |Total valuation 1897...$7,976,700
(Optional—$4,000 due yearly.) , Real assessment full value.
(Exempt from State tax.)
Co. tax (per $1,000) ’97..
3*00
Int. payable at County Treasury. |Population in 1890 was...... 17,820
U N IO N

W A R R E N . — J ohn M asterson, President.
This borough is in Warren County.
Bonded dbt. (lastreturns) $45,000 |Population in 1890 was........ 4,332
Bonds due 1895 to 1909.
|Populatiqn 1893 (estimated) .5,500
Tax valuation 1895........ 2,194,314 ! SCHOOL D istrict —
Assessment about 23 real value.
Bonded debt (last returns)
Total tax (per $1,000)..........$25*00 | about................................. $44,00,0

W A S H I N G T O N . — J. K W hite , Secretary.
This borough is in Washington County.
■ HLOANSHI
When Due. Total debt June 16, ’ 98..$127,254
Tax valuation 1898.........4,863,927
P a v in g B o nds48, A&O, $60.000.......... 1908-1912 Tax rate (per $1,000) 1898.. $21*00
Bonded debt June 16, ’ 98. $121,300 Population in 1890 was........ 7,063
Population in 1898............... 8,000
5,954
Floating debt.................

W A S H IN G T O N
C O . — G eo.
Clerk County Commissioners.

E.

L ockhart ,

Wasnington is the county seat.
LOANS—
When Due I Bonded debt Aug. 1,’98 $500,000
C o u r t -H o u se & J a il B o n d s—
|Assessed valuation ’98.46,712,431
4s, F&A, $500,000.Aug.l, 1901-26 Population in 1890 w as— 71,155
(Various amounts yearly.)
|Population in 1898 (e s t .).. 90,000

W E S T C H E S T E R . — W. S. U nderwood , Treas.
This borough is the capital of Chester County.
LOANS—
When Due. Tax valuation, real.......$6,448,463
Tax valuation, personal. 453,740
W a t e r B o nds—
3*28, . . . . , $47,000....................1927 Tax valuation 1897......... 6,902,203
Assessment about actual value.
R e d e m p t io n B o n d s—
3*28....... . $75,000............. .............. Total tax (per $1,000).......... $11*00
Population 1890 w as..............8,028
Int. payable by Borough Treas.
Total debt Feb. 15,1898. $122,000 Population 1880 w as..............7,046
7,600 Population 1897 (est.).......... 9,500
Sinking fund....................
Net debt Feb. 15 ,18 9 8 ... 114,400
All taxes on bonds are paid by the borough.
WATER WORKS, Et c .—The borough in 1898 owned water works,
sehool houses and other buildings valued at $275,000.

W E S T M O R E L A N D C O . — W. D. R eamer ,
Commissioner.— County seatis Greensburgh.

LOANS—
When Due.
Co u n t y B onds—
4 s ,........ ,$95,500.................... 1920
(Subject to call after 1900.)
Total debt Aug. 15, 1898.$93,500

Tax valuation 1898...$61,356,015
State & Co. tax (per M., ’98..$3*50
Population 1890 was.........112,819
Population 1898 (est.).......145,000

W I L K E S - B A R R E . — F rank D eitrick , Clerk.
Wilkesbarre is in Luzerne County.
The assessed valuation of the city given in the following statement
is very low, being only about one-seventh of the actual value
of property. The estimate of population in 1894 is also thought to be
ow. At the city directory office it is placed at from 50,000 to 55,000.
LOANSWhen Due. 4s, M&S, $150,000... .Mar. 1, 1928
E xtension B onds (1874)—
(*3 subject to call after 1908 and
*3 after 1918.)
5s, M&N, $30,000.......May 1,1899
Im

pro vem ent

B

o nds-

Se w

er

B

onds

(S e rie s A ) —

4*28, M&N, $60,000 ..Nov. 1,1907
Subject to call.
4 *28, ........$100,000.-1902 to 1927 Tax valuation 1898___$8,745,841
4*28, M&N, 50,000.......1904-1924 Actual valuation.......... 40,000,000
($10,000 due every 5 yrs. on May 1.) Total tax (D er $1,000) ’98..$46*50
4s, M&S. $20,000.......Mar. 1, 1908 Tax valuation 1880___ 2,822,931
Population 1890 w as.......... 37,718
(Subject to call after 1903.)
4s, M&S, $40,000.......Mar. 1,1908 Population 1880 w as___ ...23,339
Population 1894 (est.).........40,000
TO T A L DEBT, Et c .—The city’ s bonded debt on April 1, 1897,
58, J&D, $150,000... .June 1,1921
r e f u n d in g

B

o nds—

was $493,700; floating debt, $53,762; total debt, $ 54 7 ,42 6 ; sinking
fund assets, $119,386; net debt, $428,040. The city has no water debt.
C IT Y PR O P E R T Y .—The city owns property valued at $246,721.

W i l k e s - B a r r e S c h o o l D i s t i c t . — { 1'. w . ^ o s s f cierk ?8*
Bonded debt Sept. 1, ’98.$125,200 |Assessed valuation 189 •‘.8,745,841
13,200 Total tax rate (per M.) ’98.. .46 *50
Floating debt...................
Total debt Sept. 1, ’9 8 ... 138,400 I Population 1898 (est.)........ 55,000

W I L K I N S B U R G . — J ames G. Storer, Secy.
This borough is in Allegheny County.
LOANSAmount. Total debt Feb. 1,1898... $303,000
Se w e r B o n d s Sinking fund assets.........
9,800
4128, M&S...........................$140,000 Net debt Feb. 1 ,1 8 9 8 .... 293,200
St r e e t B o n d s —
Tax valuatiou 1897.........7,512,505
4*28, J& J ......................... ...$40,000 Assessment i t. 75 % actual value.
4*28, J&D......................... ...108,000 Total tax (per $1,000).........$15*00
48, ....,$ 1 5 ,0 0 0 ...........1899-1915 Population in 1890 w as........ 4,662
(1 bond 1, 3, 5-yr. and then ann.) Population in 1898 (estim’ d) 12,000
TAX FREE—The sewer bonds are exempt from taxation.
INTEREST is payable at the First National Bank of Wilkinsburg.

C R E E K . — J. H. H olmes.
This borough is in Allegheny County.
W I L L I A M S P O R T . — j V^W^QmGElfTreasfor'
LOANS—
When Due. Total debt Nov. 1 ,’97... $115,000
Williamsport is the capital of Lycoming County. Bonds all
Assessed valuation ’ 97. 1,259,900
B oro I g h B o nds—
4*28, A&O, $20,000................1925 Assessment about % actual value. exempt.
4*28, M&N, 50,000................ 1925 Tax rate (per$l,000) ’97— $17*50
LOANS—
When Due. |
LOANS—
When Du
Population 1897 (est.)..........3,000
Sc h o o l B o n d s—
Cit y B o nds—
| C it y H a l l B o nds4 * 2 8 ,....... . $46,000.........................
48, M&S, $534,300...Sept. 1,1901 I 4s, M&N, $70,000....M ay 1, 1923
Subject to call at any time.
I Subject to call after May 1,1903.
INTEREST on the borough bonds is payable at the Chemical Na­
tional Bank, New York City, and on the school b on is at the Citizens’ 4s, M&S, $86,000___Mar. 1,1925 I Interest is paid by City Treasurer.
Subject to call after Mar. 1,1905. |Bonded debt Feb.i7, ’98 $690,300
Bank of Turtle Creek
T U R T L E




STATE fW® CITY S U fft E M E N T

74

Sinking fund..................
$9,200 I Total tax (per $1,000) 1897.$15-00
Net debt Feb. 17,1898. 681, 00 I Population 189Q was............27,132
Tax valuation 1898
9,200,000 Population 1897 test).......32,000
Assessm’t abt. 50% actual value. |
A sinking fund tax of $1*50 per $1,000 is levied on all taxable prop­
erty in this city and bonds to the amount raised by this tax are called
and paid (par and accrued interest) each year.

TAX

F R E E . — A l l b o n d s a r e e x e m p t fr o m t a x a t io n .

W I L M E R D I N G . — j C. C. COWELL, Borough Clerk.
This borough, organized in 1890, is in Allegheny County.
LOANS—
When Due. Total debt Feb. 15,1898.$125,000
Tax valuation, real........ 1,760,000
B u il d in g B o n d s —
5 *28, M&S, $5,000...... Mar. 1,1902 Tax valuation, personal. 130,000
Total valuation 1897___ 1,890,000
Sch o o l B onds—
5s, A&O, $26,000.......Apr. 1,1911 Actual value (est.)..........3,000,000
Total tax (per $1,000).........$ l8 '0 0
St r e e t I m p r o v e m e n t B o n d s—
5s, A&O, $63,500
..O ct. 1,1915 Population in 1890 was........ 419
5s, A&O, $33,000........Oct. 1,1926 Population in 1898 (estim’d) .3,000
INTEREST on the street improvement bonds is paid by the Second
National Bank, Pittsburg, Pa.
TAX FREE. The street improvement bonds are free frem taxation.
TJ5 CHARLES W. BRANT, Mayor.
I L^rA-fcV.— } GEO. W. LOUCKS, Treasurer.
York is the capital of York County.
LOANS—
When Due. 4s, A&O, $27,00».......Oct. 1, 1917
H i g h w a y I m p . B o n d »—
Interest is payable at York, Pa.
4s, J &J, $21,000........ July 1,1914 Bonded debtSept. 4,’97. $204,000
Tax
valuation 1896... 11,824,000
48, A&O, 39,000........ Oct. 1, 1917
4s, A&O, 30,000.........Oct. 1,1916 Assessment about % aotual value.
' A&O,
‘ *i
40,000.........Apr. 1,1917 Total tax (per $1,000).......... $18*00
4s,
4s, A&O, 20,000... .Apr. 24,1905 Population in 1890 was....... 20,793
.Feb. 1,1910 Population in 1880 was____13,940
4s, F&A, 17.000
.Sept.l, 1915 Population in 1897 (est.)...27,000
4s, M&S, 10.000
TAX FREE.—All of the above securities are exempt from taxation.
CITY PROPERTY.—The city in 1896 owned public buildings and
available assets amounting to $74,675.
Y ork School D istrict. -J ohn F. R udisill , Sectary.
4s, J&J, $ 6 8 .0 0 0 ............................ Assessed valuation ’97$11,000,000
Bonded debt Feb. 1 , 1898.$86,000
Assessment % actual value.
Sinking fund.................. .
11,000 Tax rate (per $1,000) ’97...$15-50
|
Population
1897 (est.)........ 23,000
Net debt Feb. 1,1898........ 75,000

A D D IT IO N A L

ST A T E M E N T S.

In the tirst table below we show the outstanding debt and the assessed
value of property of such counties in the State of Pennsylvania as are
not included among the foregoing returns. We add in each case the
population from the Census of 1890. In the second table we give the
indebtedness of other civil divisions of the State, not included among
the foregoing.
Total
Assessed
PopuName o f County.
Debt.
Valuation.
lation.
Adams.........................................
$9,891
$11,502,624
33,486
A rm stron g...............................
64,105
9,956,269
4 6,747
Beaver .......................................
26,000
25,348,192
50,077
B edford.......................................
16,000
8,747,243
38,644
Berks................
28,000
78,732,244
137,327
Bradford.....................................
150,000
21,671,491
59,233
B ucks.......................................... No debt.
38,311,439
70,615
Butler.......................................
No debt.
14,024,369
55,339
10,000
26,061,071
66,375
Cam bria.....................................
Cameron.....................................
44,500
973,665
7,238
Carbon.........................................
153.250
5,603,227
38,624
Centre.........................................
No debt.
11,965,364
43,269
Clarion......................................... No debt.
8,866,275
36,802
Clearfield.....................................
221,800
20,228,087
69,565
Columbia.....................................
151,000
12,704,176
36,832
Cumberland............................... No debt.
22,231,757
47,271
Elk...............................................
24.000
3,726,884
22,239
Erie .................... ....................... No debt.
33,581,933
86,074
Forest..........................................
36,000
2,359,518
8,482
Franklin............-........................ No debt.
17,649,250
51,433
Fulton.......................................... No debt.
1,028,019
10,137
Greene............................... - ........ No debt.
12,991,309
28.935
Jefferson.....................................
109,100
12,916,101
44,005
Lawrence.................................... No debt.
17,718,613
37,517
Lebanon.....................................
46,825
32,441,990
48,131
Lehigh............. ..........................
No debt.
37,562,484
76,631
Mercer....... ............
34,310
23,005,025
55,744
Northumberland.......................
130,000
8,753,750
74,698
Pike.............................................. No debt.
1,218,847
9.412
Snyder.........................................
9.250
4,847,354
17,651
Somerset.....................................
4,500
9,414,420
37,317
Sullivan.....................................
46,933
1,849,555
11,620
Susquehanna...............
15,000
4,219,773
40,093
Venango.....................................
No debt.
12,888,381
46,640
96,500
10,178,251
37,585
Warren........................................
Wavne.................................
42,750
4,561,943
31,010
W yom ing....................................
40,000
3,817,988
15,891
York........... .................................
7,000
43,584,449
99,489
Total
Assessed
Tax PopulaOities, Boroughs, ete.
Debt. Valuation.
Rate. tion.
Ambler (Boro.), Montgomery Co. .$31,300 $865,00»
........
1,077
Carlisle School District...... ......... 31,050 3,238,946
*10,000
Catasauqua (City), Lehigh Co__ 39.883 1,524,005 $18*0»
3,704
CliftonH’ights (Bor.),Delaw'e Co 30,140 839,856 15-50
1,820
Elizabeth (Boro.). Allegheny C*..
11,800 736,675 20*0»
1,804
Franklin (City), Venango C o .....
20,000 1,712,251 13-0»
6,221
Landsdale (Bor.), Montg’ry C e...
20,600 1,200,000 13 5 »
1,858
‘ Population estimated.

State of Delaware,
ITS

D E B T , R E SO U R C ES, E tc .
Admitted as a State
.
One of Original Thirteen
Total area of State (square m i l e s ) ...................................... 2,120
State C a p i t a l , ......................................................................Dover
Governor (term expires Jan., 1901)
- Ebe W . Tunnell
Secretary of State (term expires with Gov.) James H . Hughes
Treasurer
........................................ W m . M. Ross
Legislature meets biennially in odd years on the first Tues­
day in January, and pay is limited to 60 days.




Voi L X Y II

HISTORY OF DEBT.—The historical details of lelaw are’ s State
debt from 1865 to the present time will be found in the S t a t e a n d C i t y
e n t of April, 1894, page 72.
The present extent and con­
dition of the debt and resources of the State are given below, and show
that Delaware now holds good assets more than equaling its liabilities
-Principal,LOANS,— Interest.— <
When Due. Outstand'g.
N AM E AND PU RPO SE.
Rate Payable.
July 1, 1906 $156,750
Bond iss. to school fund 1881. 6
___
____w_____
perpetual
83,000
Cer. to Delaware College
1877 6
Hospital im provementA895.. 3 ^ J & J
July 1, 1915
35,000
Subject to call on or after July 1 1906.
P a rtofser. “ B ” refund. 1887 3 J & D June 1, 1907 $250,000
Subject to call on or after June 1,1897.
Refunding, 1897....................... 3
J & D Dec. 1, 1927 245,000
Subject to call after 1922.
INTEREST.—On a part of the bonds of series “ B ” and of the
Refunding bonds of 1897 is payable at the PhiladelphiaNationalBank
in Philadelphia.
TOTAL DEBT, E T C .— The total liabilities on Dec. 31,1897. were
$844,750. Total assets were $1,120,816; assets in excess of liabilities
$276,066. The total assets include bank stocks $477,702: mortgages
on railroads $385,000, and bonds. $161,750. The total debt Jan. 2,
1898, was $769,750; in 1890 it was $1,082,440; in 1880 it wa» $880,750.
ASSESSED VALUATION.—The total assessed valuation #f the
State in 1890 was $74,134,401; in 1897 it was $77,632,079.
DEBT LIMITATION.—Neitlierthenew Constitution (adopted June
4,1897,) nor the old Constitution nor the State statutes contain any
general provisions authorizing bond issues or limiting the debt-making
power, except that the new Constitution—
(1) Forbids the State (Article 8, Sec. 3) to borrow money or create
debt, “ but pursuant to an Act of the General Assembly passed with
the concurrence of three-fourths of all the members elected to each
House, except to supply casual deficiencies, repel invasion, suppress
insurrections, defend the State in war or pay existing debts.”
(2) Forbids any county, city, town or other municipality (Article 8,
Sec. 8) to “ lend its credit or appropriate money to, or assume the debt
of, or become a shareholder or joint owner in, or with, any private
corporation or any person or company whatever.”
(3) Forbids any corporation (Article 9, Sec. 1) to be created, etc., by
special act, “ but only by or under general law” ; “ but the foregoing
provisions shall not apply to municipal corporations, banks,” etc.
The above indicates that the authority as regards municipalities (ex­
cept as already specified in number (2) ) rests with the General
Assembly, and the General Assembly always passes special acts to
provide for special occasions and needs.
POPULATION OF STATE.—The population of Delaware has been
as follows in the years mentioned:
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
Su p p lem

Cities , Counties

and

T owns

IN THE

S T A T E OF D E L A W A R E .
D O V E R . — C. B. H ope, Treasurer.
Dover is the capital Of Delaware and the county seat of Kent County.
LOANS—
When Due. Assess’t about same as actual value.
W a t e r B o ndsCouhty tax (per $1,000)........ $4-50
48, J&J, $12,000........ July 1,1901 City tax (per $1,000)............ 2-20
Bonded debt A pr.l, 1898. $12,000 Population 1890 was..............3,061
Total valuation 18 9 7 __ 1,723,000 Population 1898 was..............4,000
Bonds are subject to call in numerical order on 3 months’ notice.
INTEREST is payable at the Farmer’ s Bank of Dover.

K E N T

C O U N T Y . — County seat is Dover.

LOANS—

$40,000
When Due. Bonded debt Jan. 1,’98..
Floating debt certifs...
27,300
67,300
48, semi-an., $40,000....... Optional Total debt Jan. 1, ’98...
Tax valuation 1897___14,282,672
C e r t if ic a t e s —
$4-70
6s, semi-an., $9,800.......Optional Co. tax, per $1,000 ’97..
5s, semi-an., 5,000....... Optional Population in 1890 was...... 32,664
4 12S, semi-an., 12,500....... Optional Population in 1896 (est.).. .33.000
County B

onds-

N E W A R K . — G eorge W . W illiams , Treasurer
Newark is in New Castle County.
LOANS
When Due. Tax valuation, real..........$600,000
Tax valuation, personal.. 40,000
E l e c t r ic -L ig h t B o n d s—
5s, J&D, $5,000.......... 1898 & 1903 Total valuation 1894....... 640,000
County tax (per $1,000)..
$4-00
r e f u n d in g W a t e r B o n d s—
10-00
4 s ,........ $37,000...................... 1926 Town tax (per $1,000)...
Population 1890 was..............1,191
(Subject to caU after 1906.)
Population
1880
w
as..............1,148
Bonded debt Aug. 1, ’97.. $42,000
INTEREST is payable at the National Bank of Newark, Delaware.

N E W

C A ST L E

C O . — H . G. R ettew , Treae.

County seat is Wilmington.
LOANS—
When Due.

R

e f u n d in g

B o nds-

48, . . . . $150,000............ 1910-1924
Co urt H ouse L oan—
($10,000 yearly on Dec. 1.)
4Jas, J&J $69,900.......July 1,1899
Total debt Jan. 1,1898. $472,900
B r i d g e B o n k s 1893—
5s, M&N, $100,000, g.Sept. 1,1904 Total valuation ’ 97....... 52,773,175
$10,000 due yearly to Sept. 1, 1913 Assessment ^ to % actual value.
County tax (per$l,000) ’ 98..$6-00
F u n d in g D e b t 58, J&J, $78,000.. .$10,000 yearly Population 1890 w a s.. . . ___ 97,182
Population
1880 was............ 77,716
5s, M&N, 60,000, g .......1904-1909
($10,000 due yearly.)
Payments on loans for benefit of Trustees of Poor are now being
made.
TAX F R E E . — AU bonds issued by this county exempt from taxation.
INTEREST is payable by County Treasurer, Wilmington.

SU SSE X C O U N TY.

-I saac B. Short, Treas.

Georgetown is the county seat.
LOANS—
When Due.
6s............ $17,500.............................
4*as........ 12,500.............................
4 s , ......... 12,500.............................

Bonded debt Mar. 1. ’97. $42,500
Assessed valuation ’97.10,576,232
Population 1890.................. 38,647

75

October, 1898.
W I L . M I N G T O N . — j w.^ . JCUBR y [T reasurer.
The city o f Wilmington is in New Castle
LOANS —
— Interest.— .
P. at. Payable.
NAME AND PURPOSE.
Board of Educ. loan No. 28 5
M & s
Funding loan..
No. 29 4*2 M & N j

County.
,------------- Principal.When Due.
Outstand'g.
Sept. 1, 1899
$24,000
Nov. 1, ’98-1904 1
49,000
$7,000 yearly.
1915 to 1917 Î 150,000
Park loan........
.No. 33 313 A &
part each year.
do
.......
4
A
0 ' A & O 1, 1924
50.000
.......
do
A
0
1925
25.000
4
do
.......
Apr. 1, 1926
A & 0
20,' 00
.. 1898 4
do
.......
Oct. 1, 1926
A <$L 0
29,400
.. 1898 4
1899
to
1907
)
,0 Kr,n
Orematorv loan__
4
$1,500y ’ly in Apr. Î
Apr. 1, 1921
Street and sewer bonds___ 4*2 A & 0
45,400
do
do
Oct. 1, 1921
50,950
4 12 A & 0
do
Apr. 1, 1922
do
52,500
4^ A & 0
do
do
Oct. 1, 1922
1,150
412 A & 0
do
A & 0
do
4
Oct. 1, 1918
12,150
do
A & 0
Apr. 1, 1919
do
4
43,900
do
Oct. 1, 1919
do
4
A & 0
45,250
do
Apr. 1, 1920
do
A & 0
4
46,600
do
do
A & 0
Oct. 1, 1920
4
48,050
do
Apr. 1, 1921
do
A <fe 0
4
4,050
do
Oct. 1, 1924
do
A & 0
67,000
1896 4
do
Apr. 1, 1925
do
A & 0
1896 4
62,650
do
do
A tfc 0
Oct. 1, 1925
1896 4
1,650
1925-1926
do
do
A & 0
75,000
1897
July
1,
’9
-1908
Water loan (reser.) No. 25 6
J <fe
62,100
$6,000 yearly. 1
Sept. ’ 99 to 1911
M &
do
(reser.) No. 26 6
£
47,500
$3,500
yearly.
•Î var. 1913-1914
__
do
.No. 31 4 Lj A & 0
60,000
Oct. 1 , 1919-’ 23
__
A & 0
25,000
do
.No. 32 4
var. 1914-1915
do
__
.No. 32 3^2 A
0
60,000
Various.
Sinking fund loan
4, 4 *2, etc.
1,295,150
1910 to 1913
do
do
4
A & 0
176,000
T A X FREE.—All bonds of this city are exempt from taxation.
IN TE R E ST on all bonds payable at the office of the City Treasurer
T O T A L DEBT, ETC.—The subjoined statement shows Wilmington’s
t otal municipal debt and the water debt on the dates named.
Jan. 1,1898. July 1,1897. July 1,1896.
$2,087,250
$1,982,250
Total bonded debt.................. $2,018,000
Water debt (included above).....................
............
424,100
The net indebtedness of the city in 1880 was $1,372,450.
ASSESSED VALUATION.—The assessed valuation of real estate
for 1897 was $33,960,527; in 1891 it was $33,813,543; in 1880, $23,200,000. Property is assessed at about «5 its actual value. Personal
property is not taxed. For 1898 the tax rate per $1,000 is $14*00;
for 1893 the city and school tax rate per $1,000 was $15 0 0 ; county
tax, $4 80.
POPULATION.—In 1890 population was 61,431; in 1880 it was
42,478; in 1870 it was 30,841; in 1894 it was (estimated), 65,000.

°\

State of Maryland.
ITS

DEBT LIMITATION. —There is nothing in the Constitution o f
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 dele1 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 which he may need information.
POPULATION OF S T A T E -

447,040*
687,049 1830.........
1890..............1,042,390 1860......
.583,034 1820.............. ..407,35a
1880................ 934,943 1850.......
.470,019 1810................. 380,546'
1870................ 780,894 1840.......
Of the total population in 1880 22*49 per cent was colored and in
1890 20*92 per cent. In number, blacks were 165,091 in 1850 ;
171,131 in 1860; 175,391 in 1870; 210,230 in 1880; and 218,004 in 1880.
SAVINGS BANKS INVESTM ENTS.—There are in this State gen
eral banking laws under which savings banks may be organized, ana
yet we notice that even in 1890 a special charter was granted incorpor­
ating the Germania Savings Bank of Baltimore. However, in both the
general and special laws there appears to be a pretty general authority
granted for investing the deposits. The general law states that—
Any savings institution incorporated under this article shall be
capable of receiving from any person or persons, or bodies corporate or
politic, any deposit of money which shall be invested or loaned out on
ood security in the discretion o f the directors; provided that no part of
he funds of said corporation shall be loaned to any officer or director of
such corporation.
In the special law passed in 1890, which we have referred to above,
the power to loan the deposits is made a little more definite. The sec­
tion referring to that subject states that the “ corporation shall have
“ power to borrow money, receive money on deposit, loan money
‘ taking such security therefor, either real or personal, as the Board o f
*Directors may deem sufficient; provided that no part of the funds of
“ said corporation shall be loaned to an officer or director thereof.”
We cannot discover any marked difference in the two provisions
cited, except that the enactment in the case o f the new Baltimore bank
states distinctly that the security can be either real or personal. But as
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
1b always a legitimate part of the business of savings banks.

f

Cities , Counties

and

T owns

IN THE

STATE

OF

M ARYLAND.

A B E R D E E N . — J. A. Sw in g l e y , Clerk.
This town is in Harford County.
LOANS—
When Due,

W

ater

B

onds—

5s, semi-an., $15.000...............1922
Subject to call 1912.
Interest payable at First National
Bank, Aberdeen.
Bonded debt Aug. 1,1898.$15,000
1,500
Floating debt .............
Total debt Aug. 1 ,1 8 9 8 ... 16,500

Sinking fund....................... $3,000
Net debt Aug. 1,1898....... 13,500
Assessed valuation, re a l..300,000
Assessed vhluation, per’ al. 100,000
Total valuation 1807.........400,000
Assessment about 23 actual value.
Tax rate (per $1,000) 1897.$14*55
Population in 1890 w a s..
448
Population in 1897 (est.).......1,000

Admitted as a State
One of Original Thirteen
Total area of State (square miles)
.
.
.
.
12,210
State Capital Annapolis
Governor (term expires 2d W e d . Jan., 1900) - Lloyd Lowndes
Secretary of State (term expires with Gov’r) - Rich’d Dallam
Treasurer (term expires Jan., 1900) - - Thomas J. Shryock
Comptroller (term exp. Jan., 1900) - Phillips L . Goldsborough
Legislature meets biennially in even years on the first W e d ­
nesday in January, and sessions are limited to 90 days.

ATx
a M V
f*
*
5 Wm . J. MILLER, Cl’k to OoromTs.
A l_ .J _ iil.L x A .lN I L /L A — \j . e . MACKBETH, Treasurer.
County seat is Cumberland.
LOANS—
When Due.
S c h o o l H o u s e B o n d s —C on.)
C o u r t H o u se B onds4 s , ........ $ ^ 0 ,0 0 0 ...............1925
48, A&O, $100,000.........1915-1934
Subject to call after 1915.
($5,000 due yearly.)
Bonded debt Mar. 1, ’96. $196,500
In s a n e A s y l u m Floating debt................
10,000
48, A&O, *21,500..........July 1 , . . . . Total debt Mar. 1,1896. 206,500
($5,000 due yearly.)
Tax valuation 1896 . 20,199,375
Sc h o o l H o u s e B o n d s —
State tax (per $1,000)..
$1*775
4s, A&O, $75,000........... 1900-1914 County tax (per $1,000) ’ 98..$8*70
($5,000 due yearly.)
Population in 1890 was ....41 ,5 7 1
Population in 1880 w a s ___38,012
OPTIONAL.—All of the county’ s bonds are subject to call.
INTEREST on court house bonds is payable by Hambleton & Co.,
Baltimore; on insane asylum and school bouse bonds at Cumberland.

HISTORY OF DEBT.—The historical details of Maryland’ s State

T A X FREE.—All bonds issued by the county are exempt from
county taxation.

D E B T , R E SO U R C ES, E tc .

*

debt from 1824 to the present time will be found in the S t a t e a n d
C i t y S u p p l e m e n t of April, 1893, pages 72 and 73.
LOANS—
•— Interest— ,----------- Principal,---------->
N A M E AND PURPOSE.
Rate Payable. When Due. Outstand'g.
Defense redemption bds. (reg.) 3*65 J & J Jan. 1, 1899 $3,000,000
Exchange loan, 1 8 8 6 .... “
3
J & J Jan. 1, 1900
628,355
du
188« . . . “
3
1901 1,270,474
do
1 8 8 9 .... ft
3
J & J Jan. 1, 1903 3,079,400
do
1 8 9 1 .... “
3
J & J July 1, 1905
706,757
Insane Asylum, 1896............... 3 *2 J & J
1911
100,000
Optional after July 1,1906.
Penitentiary loan, 1896.......... 3*3 J & J
1911
500,000
Optional after July 1,1906.
TOTAL DEBT, SINKING FUNDS, E t c .— The subjoined statement
shows Maryland’s total State debt, and the sinking fund held by the
State against the same on the 30th of September of each year.
1697.
1896.
1895.
1894.
Total funded d e b t ....$9,284,986 $9,284,986 $8,684,986 $8,684,986
Sinking funds, & c .... 6,335,908 5,946,433
5,679,733
5,303,233

A N N A P O L I S . — Chas . G. F eldmeyer , Collector
and Treasurer.
This city is the county seat of Anne Arundel County.
LOANS—
When Due I Net debt June 1 , 1898.
$40,000
5s. J&D, $30,000— June 1,1903 Tax rate (per $1,000) 1898.$18*30
($5,000every 5 yrs.(to June 1,1928 I Population in 1890 w as___ 3,902
Bonded debt June 1,1898.$43,000 I Population in 1898 (est.)... 10,000
Sinking fund....................... 3,000 |

A N N E
A R U N D E L
C O . — A . K . -Sta r t in g ^
Cleik. — County seat is Annapolis.

LOANS —
When Due. Floating debt.................. $30,000
Co u n t y B o nds—
Total d e b t ......................
70,000
5s, J. & J., $*20,000...July 1,1902 Sinking fund a ssets___
4,000
($5,000 every 5 yrs.) to July 1,1917 Net debt Sept. 1, 1898.
66,000
Sc h o o l H o u s e B o n d s
Tax valuation 1898___ 12,040,022
5s, J&J, $12.000 .......July 1, 1899 School bonds, addition’l
74,000
Net debt Oct. lst..$2,949,078 $3,338,553 $3,005,253 $3,381,753 ($2,000 every 2 yr .) to July 1,1909 Assessment is % actual value.
f^For the balance of $2,949,078 in 1897 the State had as an offset her 5s, J &J,$37,00O.’03 Oh-13 18-23-28 State tax (per $1,000) ’9 8 ... $1*75
unproductive stocks, amounting to $8,129,626, and $821,914 due ($7,OOo due each 5 yrs. and $2,000 County tax (per $1,000)........ $10*10
in 1928.)
from accounting officers and incorporated institutions.
Average school tax ’98....... $2*50
The “ Defense Redemption Loan ” is secured by a special tax of 5 *3 Bonded debt 8ept.l,1898..$40,000 Population 1890 was...........34,094
cents, and the “ Exchange L oan” of ’86, x4 cent on each $100 of the
T A X FREE.—All bonds issued by this county are exempt from
assessed valuation.
The receipts of the State for the year ending Sept. 30,1897, amounted county and State tax.
to $2,772,055; balance in treasury Sept. 30, 1896, $916,043; total,
$3,688,098; disbursements, $2,980,960. The cash balance in the B A L T I M O R E .
! WILLIAM T. MALSTER, Mayor.
treasury on September 30th, 1897, amounted to $707,138.
I J. FRANK SUPPLEE, City Register.
Baltimore
is
in
Baltimore
County. Under the new city charter'
ASSESSED VALU ATIO N , E T C .— The following table shows the
adopted by the Legislature March 22,1898, and now operative, it is
total funded debt, available assets, assessed valuation and tax rate.
provided
that
“
no
debt
in
excess
of 7 per centum of its (the city’s) tax­
Tax Rate
Available
Total
Total
per $1,000, able basis.” shall be contracted.
Assets.
Assessed Val.
Funded Debt.
Years,
.. $9,28 »,986
1ft£>7
,— Interest.— . .---------- Principal.---------- $6,335,908
LOANSN AM E AND PU RPO SE.
$540,461,747
5,946,433
$1*7712
Rate. Payable. When Due. Outstand'g-.
1896.... ... 9,284,986
City Hall, 1870............
534,930,476
r 6
1*7712
5,679,733
1895.... ... 8,684,986
Q—J Mch. 15, 1900 $1,000,00a
do
do, 1874..................... r 6
529,138,103
5,303,233
1*7712
1894....... 8,684,986
Q—J Mch. 7, 1902
500,000
Refunding............................... 31^ J & J July 1, 1936x1,453.300
524,056,241
6,025,414
1*7712
1893.... ... 8,684,986
515.137,528
Four million...............1895.. 312 M & 8 Mch. 1, 1945 x2,0 0,000
5,602,699
1*7712
1892....... 8,684,986
482,184,824
Consolidated refund., 1890. r 3 J« J & J tJuly 1, 1930x5,000,000
1*7712
6,278,907
1890....... 10,691,124
469,593,225
Funding loan..............1870.r 6
3,992,851
1*8712
1884.... ... 10,965,934
Q—J
tJuly 1, 1900
800,000
459,187,408
Funding loan o f......... 1878 .r 5
3,649,442
1*8712
M & N tJuly 1, 1916x1,000,00a
1880.... ... 11,277,110




76

STATE

AW® CITY

S U fftE M E W T ,

Vol. L X Y II

LOANS-— Interest.— >
NAME AND PURPOSE.
Rate. Payable.
Harford Run Improvement.r 4
J & J
do
do Sewer..............r 4
J & J
Internal Improvement.......... r 3 ^ J & J
Jones’ Falls............................ r 6
do
do
..................r 5
do
do
..................r 3*65
do
do ...........................r 3%
do
do ...................... .. . r 3
McDonogh Extension, 1893.. 5
Patterson Park......................r 4
Q -J
Paving......................... 1881.r 4
M&N
Public Improvements.1893. 3*2 J & J
Water.......................................r 5
M& N
do .......................................r 4
M& N
do .......................................r 4
M& N
Western Maryland.,.. 1872.r 6
J & J
do
do
1882.r 4
J & J
do
do
1887.r 31*
J & J
B onds Guaranteed —
West. Md. RR., 3d M............. 6
J & J
Overdue stock, no Interest allowed..............

.-----------Principal.----------U D G C T ü T T D r1
5 JOSEPH BEAR, Mayor,
When Due.
Outstand'g , r J r tL J o I d U JrtL x. — Er o b e r t p . m a s o n , cierk.
This city is in Allegany County.
tJan. 1, 1920 x$250,000
Water Bonds—
When Due. Bonded debt Jan. 1,1898 $55,000
Nov. 3, 1904 x350,000
July 1, 1928x4,850,000 6s, J&J, $ 1 7 ,0 0 0 ......July 1,1920 Tax valuation 1897.........1,786,495
Apr. 9, 1900
800,000 5s, J&J, 15.000........ July 1, 1920 Assessment about 23 actual value.
Apr. 9, 1900 x957,000 4^38, J&J, 23,000.......July 1,1920 Population in 1890 was........ 3,565
Apr, 9, 1900 x483,000 All bonds subject to call at any time Population I d 1 8 9 7 w as........ 5 ,0 0 0
Apr. 9, 1900 xl6 0 ,0 0 0 Interest payable in Frostburg.
Apr. 9, 1900 xlOO.OOO
The $40,000 water bonds, and a subsequent issue o f $15,000, are to
Sept. 1, 1916 x280,000 be refunded by 4 per cents, payable in 1938.
Oct. 1, 1920 x200,000
tNov. 1, 1920 x500,000
A G IT 'D GPT'f'TTX7"lVr
$ MARTIN L. KEEDY, Mayor.
Jan. 1, 1940x5,754,000 W
rlA \ .L xil.JrtC > 1 U W 1 N .— } m . R. HAWKEN, Tax Collector.
tJuly 1, 1916x5,000,000
This
is
the
county
seat
of
Washington
County.
tNov. 1, 1922 x500,000
LOANS —
When Due. 4s, ......., $5,500..............................
tNov. 1, 1926x1,000,000
Street B ondsInterest payable in Hagerstown.
Jan. 1, 1902 1,000,000
July 1, 1925 x684,000 48, J&J, $70,000___...P a rt yearly Bonded debt Jan., 1898. $84,000
Jan. 1, 1927 1,704,000 Exempt from city and county tax. Tax valuation 1897___ 6,752,000
Assessment about 23 actual value.
P aving Bonds—
$3,200.......1901 to 1916 Total tax (per $1,000) 1897.$14-43
Jan. 1, 1900
875,000 4s,.........
...... 4 ,4 00 ..
1901 to 1911 Population in 1890 w a s ---- 10,118
..........................
9.842
Population 1894 (es’mated).15,000
($400 annually.)
t Payable on or after this date at option of city.
x Exempt from State of Marvland taxes.
L A U R E L . — E dward Phelps, Mayor.
This city is in Prince George County.
PAR VALUE, ETC.----- Bonds are all registered and for $100 or
m u lt ip le s o f sam e.
LOANS“ *
When Due. Net debt Feb. 15 ,18 9 8 .. $31,000
Sidewalk & St. I mp . B onds—
IN T E R E ST on the City Hall loans, consolidated loan of 1890, West
Tax valuation 1897........ 1,025,000
Maryland RR. loan of 1887, Patterson Park loan of 1920, and on fund­ 5s, A&O, $15,000...........1904-1914 Assessment is *4 actual value.
1915 Total tax (per $1,000)..........14-225
ing loan of 1870, is payable at the American National Bank of 5s, J *J , 13.000...........
Baltimore; on the Jones Falls loans, refunding, 1936, Clifton Park Tut. payable in Laurel & New York. Population in 1890 w as...... 1,984
loan of 1895 and MoDonough Extension loan of 1893, at the National Total debt Feb. 15, 1898..$38,000 Population in 1895 (est.).......3,000
7,000
Exchange Bank of Baltimore; on public improvement bonds of 1893 Sinking fund......................
and remaining Western Maryland bonds at the National Bank of
Bonds due in 1898 are exempt from taxation.
Baltimore; on internal improvement loan, Harford Run loans, paving
bonds of 1881 and the funding loan of 1878, at the Farmers’ & Mer­
chants’ National Bank of Baltimore; on water loans at the National M O N T G O M E R Y C O . — W . W . W elsh , Clerk.
Mechanics’ Bank of Baltimore.
County seat is Rockville.
T A X EXEM PT. —The issues marked with an x above are exempt
LOANS —
When Due. Tax valuation, person’l$2,373,500
from State of Maryland taxes. Holders residing in other States arc
Court H ouse B onds—
Total valuation 1897...12,442,590
exempt on all issues. None o f the bonds are liable for city taxes.
4s, A&O, $34,000___1899 to 1915 Assessment about % actual value.
($2,000 due yearly on Oct. 1.)
County tax (per $1,000) ’98.$8-825
T O T A L DEBT, SINKING FUND, E t c .— T h e s u b jo in e d s ta te m e n t
$38,000 Population in 1890 was...... 27,185
shows B a lt im o r e ’ s t o t a l d e b t a n d t h e s in k in g f u n d a n d o th e r a s se ts Total debt Apr. 1,1898.
Tax valuation, real.. . . . 10,069,090 Population in 1880 was...... 24,759
held b y th e c i t y a g a in s t th e sam e.
Oct. 1,1898. Dec. 31,’97. Dec. 3 1 ,’ 96.
TAX FR EE—The above issue o f bonds is exempt from taxation.
Bonded debt (water debt incl.) $37,212,176 $36,170,576 $33,502,018
INTEREST is payable at the Montgomery Co. Nat. Bank, Rockville.
Sinking fund and other assets. 18,893,418
18,520,669
17,668,142

Net debt.............................. $18,318,758 $17,649,907 $15,833,876
, Total water debt (included in net debt) 1898, $7,707,500.
IN TE R E ST CHARGE.—Of total debt as above ($37,212,176) inter•stis payable from taxation on only $23,997,700.
ASSESSED V AL U A T IO N , E t c .— C i t y ’ s a s se s se d v a lu a t io n (a b o u t
80 p e r c e n t c a s h v a lu e ) , a n d t a x r a t e h a v e b e e n a s f o l lo w s :—

,------------------Assessed Valuation.------------------, Rate o f Tax
Tears—
Real.
Personal.
Total.
per $1,000.
1898 ............$232,500,000 $130,000,0 0
$362,500,000
$24-27
1897.............. 233,872,443
126,554,055
360,426,498
21-77^
1896............... 246,137,249
79,607,139
325,744,388
21-771a
1895............... 250,797,556
80,975,572
331,773,128
17-50
1890 (about). 209,000,000
65,000,000
274,000,000
20-25
1886............... 200,775,614
64,784,338
265,559,953
17-37*2
1880............... 187.040,624
65,106,367
252,122,991
15-57^
PO P U L AT IO N .—I d 1890 population 434,439; in 1880 it was
332,313; in 1870 it was 267,954. Population 1898 (local authority)
was 500,000.

C E C IL

C O U N T Y . — J ohn B an k s , Asst. Treas.

County seat is Elkton.
LOANS—
When Due.
School B onds58, J&D, $10,000......... 1900-1919
($500 yearly on June 1.)
Total debt, March 18,1898.$10,000

Tax valuation 1898...$12,904,124
State & Co. tax per $1,000 ’ 97.$9-73
County tax per $1,000 ’ 98...$9-00
Population in 1890 was...... 30,000
Population in 1898 was...... 35,000

C U M B E R L A N D . — { H o w a r d ”m .^f u l u e Ptj'city cierk.

P R IN C E

G E O R G E ’S ' C O U N T Y .

County seat is Upper Marlborough.
LOANS —
When Due. Total debt Feb. 1,1 89 7 .. $100,000
County B ondsTax valuation, re a l..___9,919,136
58, July 1, $5,000___July 1, 1903 Tax valuation, personal. 967,323
5s, July 1, 10,000___July 1, 1908 Total valuation 1897... 10,886,459
C o u r t H o u se B o nds—
Assessment is 23 actual value.
5s, J&J, $80,000.......July 1, 1922 County tax (per $1,000) ’98..$9-00
School B onds—
Population 1890 was............26,080
5s, .. . , $8,000
.......1903-1923
($1,600 every 5 years.)
INTEREST is payable at the National Bank of Baltimore.
T A X FREE —All of the bonds issued by this county are tax exempt.
#

SOM ERSET

C O .— Princess Anne is the county seat.
LOANS —
When Due. 5s, semi-an., $15,000.......................
Coupon B onds—
Bonded debt July 20.’ 98. $40,000
4Djs, A&O, $25,000............... 1918 Assess’d valuation 1896.1,171,183
($1,0 *0 in 1908 and $1,50
Assessment about % actual value.
yearly) t o ...... .......................1924 Population in 1890 w as.......24,155
T A L B O T C O U N T Y . — Charles F. Stewart ,
Clerk.— County seat is Easton. All bonds are tax exempt.
LOANS —
When Due.
R ailroad B onds58, A&O, $33,000.......Apr. 1,1912
Subject to call after April 1,1902
School B onds ($500)—
4s&5s, A&O, $5,000...Oct. 1,1899
($1,000 due yearly) to Oct. 1,1903
4 ^28, F&A, $13,000...Aug. 1, 1924
Subject to call after Aug. 1,1914

Total debt Jan. 1 ,1 89 8 .. $52,000
8,629
Sinking fund....................
Net debt Jan. 1 ,1 8 9 8 ....
43,371
Tax valuation, real........ 6,851,310
Tax valuation, personal. 1,675,965
Total valuation 1897___ 8,527,275
StdSfe & Co. tax (per M) ’O S ^ ll-e ?1«
Population in 1890 was___19,736
Population in 1880 was___19,065

Cumberland is the capital of Allegheny County. Bonds are tax free.
LOANS,— Interest.— >
,-------- Principal,------- >
NAME AND PURPOSE.
P- Ot. Payable.
When Due.
Outsland'g.
Pennsylvania R. R. bonds. 6
F & A
Aug., 1908
$65,000
Principal to be paid by Pennsylvania Railroad Company.
A & O
Consolidated debt bonds... 6
Oct., 1908
30.000 W A S H I N G T O N C O . — M. F. Smith , Clerk.
A & O
5
do
do
Oct., 1908
145.000
Hagerstown is the county seat.
M & N May 1,1928
Electric Light bonds........ 4
20.000
A & O
Water Improvement bonds 5
Oct., 1910
LOANS—
When Due Assessed val’ation ’98.$20,860,393
18,000
do
do
5g. F & A Aug. 1,1923
R efunding R ailroad Bonds— Assessment about 23 actual value.
70.000
A & O
Water extension bonds___ 5
Apr. 1,1910
50.000 4s, J&J, $200,000...... July 1, 1918 State, county and school tax
A & O
Funding bonds.................... 5
Apr. 1,1910
40.000 4 128, court-house bonds.. $66,000
(per $1,000) 1898.................$8-75
do
.................... 4
J & D
1925
100.000 4s, school house bonds . 19,000 Population in 1890 was .. 39,782
May,
1899-1904
4s, insane asylum bonds. 15.000 Population in 1898 (est.)...41,000
M & n )
Water bonds......................... 4
30.000
$5,000 yearly.
Bonded debt July 1,1898.$300,000
1904-1909
do
....................... 4
M & N ) May,
TAX EXEM PT.—Refunding bonds are exempt from county and
30.000
$5,000 yearly.
municipal taxes.
INTEREST is payable at Cumberland.
T O T A L DEBT, E T C .— The total bonded debt on June 1, 1898,
was $533,000; deduct sinking fund assets, $44,575; net bonded debt, W O R C E S T E R C O . — County seat is Snow Hill.
$488,425; the floating debt on the same date was $8,000.
LOANS—
When Due. Tax valuation 1896___$5,115,506
DEBT LIMITATION. This city cannot issue indebtedness over
Co u r t H se & J ail Bds .
Co. tax rate (per $1,000) ’98.$8-50
$10,000 without act of Legislature and vote of people.
5s, J&J, $22,500............i898-1944 Population in 1890 was___ i9,747
ASSESSED VALUATION.—I d 1898 the total assessed valuation Total debt Mar. 20,1898 ..$22,500 Population 1896 (est.)........ 25,000
was 7,534,000; in 1897 it was $7,377,000; in 1895 it was $7,080,572;
T A X FREE.—The bonds are exempt from county tax.
in 1893, $7,121,422; and in 1890, $6,461,823. Property is assessed
at about 85 per cent o f its actual value, and the total tax rate (per
$1,000) in 1897 was $19-87.
POPULATION.—The population in 1890, according to United
States Census, was 12,729; m 1880 was 10,693; in 1870 was 8,056.
In 1898 local estimates place the population at about 18,000.
t r TD tt 1t - v TT
Tf ' ' W
5 — •— . CHILTON, Mayor,
r r t li.U ll,J r t I O T V .—
_ g i t t i NGER, City Register.
The county seat o f Frederick County.
R efunding B onds— When Due. Total debt.......................... $553,500
4s, J&J, $512,500...... July 1,1918 Sinking funds..................
39,284
Subject to call after July 1,1903 Net debt Feb. 1 ,1 8 9 8 .... 514,216
R eservoir B onds—
Tax valuation 1897.........4,000,000
4s, J&J, $ 3 5 ,0 0 0 ...... July 1,1924 Assessment about
actual value.
Subject to call after July 1,1904 City tax (pe.- $1,000) ’98. ...$10-00
Interest payable in FrecU rick.
Total tax (per $1,000)’97.. 21-00
Bonded debt Feb. 1, ’98..$547,500 Population in 1890 w as........ 8,193
Floating debt_____ ____ _
6,000




District of Columbia.
(I nclud ’ g

the late corporation of

W ashingto n .)

T O T A L DEBT- The subjoined statement shows the District’ s total
debt on the dates named.
O c i.l,1898. Jan. 1,1897. Jan. 1,1896. Jan. 1, 1895.
Total fund. debt.$15,8 8,600 $16,933,000 $17,532,600 $17,781,700
For details of bonded debt and other facts relating to the District of
Columbia, see the S i a t e a n d C i t y S u p p l e m e n t of last April.

77

Debts and Resources
O X 1

T E T E

X'JNT

T H E

W E S T E R N MIDDLE STATES.
I N D E X F O R T H E W E S T E R N M ID D L E S T A T E S , C IT IE S , Etc.
O H IO — State, Cities, & c ................................ ...P a g e s 77 to 89 | ILLIN O IS— State, Cities, & c ..............................Pages 95 to 101
IN DIANA.— State, Cities, & c . . . ............................Pages 89 to 94 | M IC H IG A N — State, Cities, & c ...................... ... .Pages 102 to 105

State of Ohio.
ITS

D E B T , R E SO U R C E S, E t c .
Admitted as a State (Act April 30, 1802)
Feb. 19, 1803
Total area of State (square miles)
41,060
State Capital Columbus
Governor (term exp. 2d Mon. Jan. 1900) Asa S. Bushnell
Secretary of State (term ends 2d Mon. Jan. ’99) Charles Kinney
Auditor (term exp. 2d Mon. Jan. 1900)
W . D. Guilbert.
Treasurer (term exp. 2d Mon. Jan. 1900)
- S. B. Campbell.
Legislature meets biennially in even years, on the first
Monday in January. There is no limit to length of sessions.

HISTORY OF DEBT.—The historical details of Ohio’ s State debt
rom 1825 to 1894 will be found in the State and City Supplement
o f April, 1894, page 75. The details of the State debt on November
15.1897, were as follow s:
LOANS—
*— Interest,— . ,-------------Principal.----------- .
N AM E AND PURPOSE.
P.Ot. Payable.
When Due.
Outstand'g.
Sinking fund lo a n ...1887 3
J & J July 1,1898.
$250,000
do
do
...1 88 7 3
J & J
July 1, 1899
240,000
do
do
...1 88 7 3
J & J
July 1, 1900
300,000
do
do
...1 89 6 3
J & J
July 1, 1901
250,000
do
do
...1 89 7 3
J & J
July 1, 1902
250,000
War loan.................. 1898 3
J & J
July 1, 1903
200,000
Domestic loan..................... Interest ceased.
1,665
TOTAL DEBT, Etc .—The total bonded debt on Nov. 15, 1897,
was $1,291,665; in 1896 it was $1,541 ,f 65; in 1895 it was $1,791,665;
in 1894, $2,041,665; in 1893, $1,791,665; in 1892, $2,041,665; in 1891,
$2,291,665; in 1889, $2,796,665; in 1887, $3,340,000; in 1885, $3,720,229; in 1880, $6,476,805.
COMPARATIVE STATEMENT OP THE STATE AND LOCAL DEBTS IN 1897
AND 1896.
1897.
1896.
Funded State debt (loans)....................... $1,291,665
$1,541,665
Irreducible State debt (trust funds)___ 4,649,609
4,649,609
Local Debts—
Debts o f counties............................ $11,333,836
Debts o f cities, first and second class... 67,472,577
Debts of incorporated villa ges.... 8,297,419
593,265
Debts o f townships...................................
Debts o f special school districts... 7,030,159
Total local debts

$94,727,256

$12,587,763
72,478,234
6,337,406
968,500
6,697,309
$99,069,212

ASSESSED VALUATION.—The assessed valuation of real and p er'

sonal property in the State has been as follow s:
Tears.
Peal Estate.
Personal Property,
Total.
1897..
$1,236,911,871
$511,096,768
$1,748,008,639
1896..
1,226.988,666
514,039,771
1,741,028,437
1895..
1,214,928,085
527,589,429
1,742,517,514
1894..
1,200,364,474
542,297,641
1,742,662,115
1893..
1,184,423,675
568,567,255
1,752,990,930
1890..
1,232,305,312
545,833,165
1,778,138,477
1885..
1,160,165,882
509,913,986
1,670,079,868
1880..
1,102,049,931
456,166,134
1,558,215,965
1875..
1,062,915,044
535,660,818
1,598,575,862
1870..
707,846,636
459,684,861
1,167,731,697
1860..
639,894,311
248,408,290
888,302,601
1850..
341,389,838
98,487,502
439,876,340
1840..
85,287,291
27,038,895
112,326,156
1830..
50,086,250
14,589,335
64,675,578
The state tax (per $1,000) for 1898 was $2-84.
DEBT LIMITATION.—Ohio has very oarefully guarded the debt
making power of the State. This could not be said while tile Constitution o f 1802 was in force ; for under that instrument it was competent
for the Legislature to construct works of internal improvement on
behalf o f the State, or to aid in their construction by subscribing to the
capital stock of corporations created for that purpose, or to authorize
in other ways the creation of debt in unlimited amounts. But. since the




adoption of the Constitution of 1851 the whole situation in these pa r
tioulars has changed, the legislative power with respect to the State
having been limited. The same is in large measure true also of the
municipalities,
FIRST, As to the State's power to contract debt, this is regulated under
the first five sections of article 8 of the Constitution. Section 1 limits the
power to the supply of “ 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
tion to the foregoing; it grants the power to contract debt in case of in ­
vasion, of insurrection, of war or of the redemption of the then existing
indebtedness. Section 3 reaffirms the limit, except as above specified.
Section 4 forbids the loaning of the State credit. Section 5 further forbids
the assumption of debts by States. We insert these five sections in full.
Section 1. [Debt limited to seven hundred and fifty thousand dollars].
The State may contract 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 of the General Assembly, or at
different periods of time, shall never exceed seven hundred and fifty
thousand dollars; and the money arising from the creation of such
debts shall be applied to the purpose for which it was obtained or to
re-pay the debts so contracted and to no other purpose whatever.
Section 2. [Additional and fo r what purpose.] In addition to the
above limited power the State may contract debts to repel invasion,
suppress insurrection, defend the State in war, or to redeem the present
outstanding indebtedness of the State; but the money arising from the
contracting of such debts shall be applied to the purpose for which it
was raised, or to re-pay such debts, and [to no other purpose whatever;
and all debts incurred to redeem the present outstanding indebt­
edness of the State shall be so contracted as to be payable by the
sinking fund hereinafter provided for as the same shall accumulate
Section 3. [The State to create no other debt.] Except the debts above
specified in Sections 1 and 2 of this article, no debt whatever «hail here­
after be created by or on behalf of the State.
Section 4. [ Credit o f State; the State shall not become joint owner or
stockholder.] The credit of the State shall not in any manner be given
or loaned to or in aid of any individual association or corporation what­
ever: nor shall the State ever hereafter become a joint owner or stock­
holder in any company or association in this State or elsewhere formed
for any purpose whatever.
Section 5. [No assumption o f debts by the State.] Tho State shall
never assume the debts of 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, 8, 9 ,1 0 and 11 of Article 8 cover the matter o f sink,
ing funds referred to in Section 2 above. But they need not be published
here.
SECOND, As to Cities, Towns, Counties, <£c., so far as the Constitution
affects the power of the Legislature to authorize these municipali­
ties to create debt, the limitations are found in section 6 of article
8 and in sections 1, 2 and 6 of article 13. (1) Section 6 o f
article 8 forbids the General Assembly to authorize cities,
&o., to become stockholders in or to raise money or ioan
credit to aid corporations, &o. (2) Sections 1 and 2 of article 13 forbid
the passing of special acts and require general acts for conferring co r­
porate powers. (3) Section 6 of article 13 provides that the General
A9»Buuuy maae provision ror tne organization o f cities, &c., by general
laws and restrict their debt-making power. These sections are as follow s:
A rticle 8, Section 6. [Counties, cities, towns or townships not author­
ised to become stockholders, dtc.] The General Assembly shall never
authorize any county, city, town or township, by vote of its citizefis or
otherw. se, to become a stockholder in any joint stock company, corpora­
tion or » ssociation whatever; or to raise money for* or loan its credit
to. or in aid of, any such company, corporation or association.
A rticle 13, Section 1. [Corporatepowers]. The General Assembly
shall pass no special act conferring corporate powers.
Section 2. [Corporations how formed]. Corporations may be formed
under general la w s; but all such laws may from time to time be altered
or repealed.
Section 6. [Organisation o f cities, <6 c.] The General Assembly shall
provide for the organization of cities and incorporated villages by gene­
ral laws and restrict their power of taxation, assessment, borrowing
money, contracting debts and loaning their credit, so as to prevent the
abuse of such power.
¿a

78

Voi. LXVIL

One at first sight would infer from section 6 article 8 above cited that
cities could not subscribe to the stock of or loan money to railroads, as
railroads are corporations and joint-stock companies. That, however,
is not a correct conclusion, as was decided in the case of Walker vs. The
City of Cincinnati, a case which arose under an act of the General
Assembly of Ohio entitled “ An Act relating to cities of the first class,”
authorizing any such city to construct a line of railroad therefrom to
any other terminus in that State or in any other State. In
pursuance of the authority that act purports to give, Cincinnati
undertook to build the Cincinnati Southern Railroad. To test the legal­
ity of that proceeding this action was brought. The Court’s opinion is
▼erv full and explicit, the conclusion being that from “ the language
“ o f the section it is Quite evident that it was not intended to prohibit
“ the construction o f railroads nor indeed to prohibit any species o f
‘‘ public improvements. The section contains no direct reference to
*railroads nor to any other special classes of improvements or enter­
p r is e s . The inhibitions are directed only against a particular manner
“ or means by which under the Constitution of 1802 many public inr
“ provements had been accomplished.”
In compliance with section 6, article 13 (cited above), which provides
for the organization of cities etc. by general law, the Legislature has
made an elaborate classification of municipal corporations. First they
are divided into cities, villages and hamlets. Then cities are divided
into two classes, the first class being subdivided into three grades and
the second class being subdivided into four grades, the grade being
determined by population according to the last Federal Census.
Cities in the F irst Class—First grade includes all cities of more than
200.000 inhabitants; second grade all less than 200,000 and more than
90.000 inhabitants; third grade all less than 90,000 and more than 31,.
500 inhabitants.
Cities in the Second Class—First grade inoludes all cities of less than
31.500 and more than 30,500 inhabitants; second grade all less than
30.500 and more than 20,000 inhabitants; third grade all less than
20.000 and more than 10,000 inhabitants; fourth grade all less than
10.000 and more than 5,000 inhabitants.
T illages—Of the first class include ail having less than 5,000 and
more than 3,000 inhabitants; the second class includes all having less
than 3,000 and more than 200 inhabitants.
H amlets—According to section 1550 of the Revised Statutes all ex­
isting corporations organized as “ incorporated villages for special
“ purposes shall be hamlets until advanced to villages.”
It is impossible to make any satisfactory generalization with regard
to the bonding power the Legislature has granted these municipalities.
There are a few sections of the Revised Statutes authorizing bond
issues which have a universal application, such as the provision
granting power to issue bonds in anticipation of special assessments
but most of the laws for that purpose cover only one class of cities, and
many of them are so worded as to apply only to one city, and granting
an issue of bonds for a specific purpose. No general laws limiting the
powers of municipalities to incur indebtedness have been passed, al­
though section 6, article 13, appears to require it. And yet is it not a
question whether that section calls for any legislation of a general
nature except a general law “ for the organization of cities, &c.” 9
POPULATION OF S T A T E —The population of Ohio has been as
follows in the years named.
1890.............. 3,672,316 1860............... 2,339,511 1 8 3 0 ............ 937,903
1880.............. 3,198,062 1850...............1,980,329 1820..............581,295
1870.............. 2,665,260 1840............... 1,519,467 1810..............230,760

Cities , Counties

and

T owns

IN THE

S T A T E OE OH IO.
Note .—For places not given in alphabetical order among the follow­
ing statements, see “ Additional Statements” at end o f this State.

A D A M S C O U N T Y . — J. M. W ittenmyer , Aud.
County seat is West Union.
LOANS—
When Due.
F unding B onds48, . . . . . $50,000........................1917
J ail Bonds—
4s, ....,$ 1 6 ,0 0 0 ..............1899-1914
R edemption B onds48, ....... $15,000.............. 1902-1904
A U R O K T

T urnpike B onds—
4 s ,. . . . , $5,000....... June 2,1899
4 s ,___, 20,000 ....... Sept. 2,1905
4s....... . 2 0 ,0 0 0 ...___ 1910-1911
Total debt Jan. 15,1898. $190,000
I Tax valuation 1897........ 4,608,725
I Population in 1890 was.......26,093

AT T I A M P I 7
5 BENJ. F. TRESCOTT, Mayor.
^ D ^ L -I A A I N U L . — ) j . H. MCCONNELL, City Clerk.
This city is in Stark County.
S e w e r B ond s—
LOANS—
When Due.
I mprovement B onds—
6s, semi-an., $900___1898 to 1900
5s & 6s, $195,550..........1896-1906 5s, J&D, $8,000 ...... June 1, 1899
Payable by special assessment. ($2,000 in 1899) $3,000 yearly to5s, J&D, $¿0.000.......June 1,1899
June 1, 1901.
($4,0<i0 due yearly) to June 1,1903 Total debt Aug. 1, ’ 97... $187,800
5s, F&A, $9,600........ Aug. 1, 1899 Tax valuation 1897.........2,977,700
($1,800 due y’rly) to Aug. 1,1903 Total tax (per $1,000) ’97..$25-90
R efunding B onds—
Population in 1890 was........ 7,607
6s, semi-an., $8 000................ 1900 Population 1896 (est.)........ 9,000
5s, M&N, $8,500.......Nov. 25,1902

A S H L A N D C O U N T Y . — C .W . M cCool, AudT.
County seat is Ashland.
LOANS—
When Due.
I nfirmart Bonds—
<s, J&J, $34,000.......... 1899-1907
($2,000 each Jan. 1 and July 1.'

I Bonded debt Sept. 15, ’98. .$34,000“
|Assessed valuation ’97.11,285,420
I Assessment about *2 actual value.
|Population 1890.................. 22,223

a c u t A DTTT
A
5 WM. CLOVER, Mayor.
-rt-o r a 1
f FRANK W. WAGNER. Clerk.
The city and school district of Ashtabula are in Ashtabula County.
LOANS—
When Due. School debt, (add’ l.)........ $20,000
R efunding E lectric B onds—
Valuation (City) 1897 ...3,383,000
5s, A&O, #10,000. ...A p r. 1,1911 Valuation (Sch. Dist. ) ___ 638,790
($1,000 every A&O) to Oct. 1,1915 Tax rate (City)......................$11-20
Tot. City debt St-pt.1,’97 $260,000 Tax rate (School Dist.).......... 31-40
Cash in treasury............
60.000 Population (City) 1890 w a s..8,338
Net City debt Sept. 1, ’97 200,000 Population (City) ’96 (est.).. 13,000

A T L T tT M C
JO. E. DAVIS, Mayor.
A 1 L T -fL iN O .— l w . B. GOLDEN, Clerk.
This village is the county seat of Athens County.
Bonded debt Jan. 1, '98..$115,000 |Assessed valuation.per’l. $411,460
Floating d e b t .......
.
2,000 I Total valuation 1897___ 1,076,86#»
Total debt Jan. 1,1898... 117,000 I Assessment about Lj actual value.
Assessment bonds (add’l) 14,000 I Tax rate (per $1,000) ’ 97...$32*40
Water debt (included)___ 40,000 , Population in 1890 w as....... 2,620
Assessed valuation,real.. 665,400 |Population in 1898 (est.)___3,000

C O . — W ilbur F. Scott, Auditor.
County seat is Athens.
LOANS—
When Due. | City H all I mprov B onds.
County B onds—
5 s, ........ $5,000...............................
5s, M&S, «100.000........1899-1908 I Total valuation 1897...$8,373,380
($10,000 yearly on Sept. 1.)
I Assessment abt. 3-5 actual value.
R oad Improvement B onds— |Total tax rate(p. $1,000 ’96)$12»30
5s, M&S, $200,000.1929 and 1939 , Population in 1890 w as__ 35,194
D eficiency Bonds—
Population in 1896 (est.).. .37,000
6 s ,.......,
19,478 ...Sept. 1,1903 !
A T H E N S

A T T r 1T a T 7 P
n
5 CL A. ORPHAL, Auditor.
AVU M jrJ_.AAlZJrb L » U . — ) a . O. PEPPLE, Treasurer.
County seat is Wapakoneta.
LOANS—
When Due. Bonded debt Jan. 1, ’98. ..$221,000»
B ridge B ondsCounty has no floating debt.
68........ $6,000..............1899-1901 Tax valuation 1897...$10,415,408
5s, J&J, 18,000..........July 1, 1899 Assessm’t 40 to 60 p. c. actual value»
($1,000 due y’rly) to July 1, 1916 Tax rate (per $1,000) ’97.. .$11 OO
Court H ouse B ondsPopulation in 1890 was.......28,100»
68........ $91,000.............. 1898-1905 Population in 1880 was.......25,444
5s....... . 120,000..............1897-1909

A V O N D A L E . — See the city of Cincinnati.
B A R N E S V I L L E . — H . E. D ement , Clerk.
Village is in Belmont County.
LOANS—
Amt. Outstand'g. i Bonded debt May 24,'98. $49,286Fire department bonds.......$3,500 I Floating d e b t ................
1,500
Street opening bonds........... 2,000 I Total debt May 24, ’ 98..
50,786Street paving bonds.............12,058 I Tax valuation 1897.........1,090,415
S t r e e t I m p . B o n d s , 1897—
Tax rate (per $1,000) ’ 97.. $26»40
6s, ........ $13,728.-1898 to 1912 I Population in 1890 w as.........3,207
¿^ ¿s,......., 18,000........................... I Population in 1897 (est,)____3,800
5s, ........
2,557........ 1899-1913 |
J FRANK WILLIAMS, Mayor.
•I JOHN R. GOW, City Clerk.
This city is in Belmont County.
LOANS—
When Due. 5s, A&O, $50,000........ Oct. 1 ,1 9 0 #
City N otes —
5s, A&O, 50,000____ Oct. 1, 1910
6s, M&S, $20,516........ part yearly. Total debt Feb. 1,1898 . $167,841
Sewer B onds—
Sinking fund....................
18,109
........... $ 6,000.................................... Net debt Feb. 1 ,1 8 9 8 .... 149,73.9
Street Paving B ondsTax valuation 1897........ 2,951,469
68, M&S., $19,8-25.........1897-1909 Assessment less than Lj actual vaL
(Part due yearly.)
Total tax (per 1.000) ’97. ..$24-5#
Water B ondsPopulation in 1890 w a s.____ 9,934
68, semi-ann. 14,000. .Sept. 1,1899 Interest is payable at Beliaire.
($2,000 due yearly) to Sept. 1,1905

B E L L A IR E .

$ w .B . YOUNG. Mayor.
\ CHAS. H. ISBELL, City Clerk.
Akron is the county seat of Summit County.
LOANS—
When Due.
LOANS—
When Due.
F ire and B ridge B ondsStreet I mprovement B onds48, semi-an., $4,< 00 ...1899-1900 58, semi an., $246,000 .1998-1904 B E L L E F O N T A I N E . — M. J. N ichols , Clerk.
R efunding B onds—
5s, semi-an.,
41,600..1899-1904
This village is in Logan County.
5s, semi-an., $25,000
................ Bonded debt Sept. 1, ’98 .$347,000
5s, semi-an., 20,000...1899-1908 Siukiug fund..................... 11,600
LOANSWhen Due. 6s, M&S, $16,000.... Sept. 1,1921
($2,000 due yearly on June 16.)
Population in 1890 w as.. 27,601
E lectric L ight and P aving(#500 due each M&S) to Mar. 1/37’
5s, semi-an., $20,000.sept. 7,1905 Population in 1898 (est.). 40,000 68....... . $18,000............1898-1919 Total debt Sept. 1,1897.. $175,821
Sewer B onds6s.........
9,821............ 1897-1907 Tax valuation 1 8 9 8 ......2 ,2 i2 ,00#
58, semi-an., $32,050.. .1899-1901
Assessment about % actual value.
R efunding B ondsINTEREST is payable at the office of the City Treasurer in Akron 68, J&J, $85,000............ 1905-1916 Total tax (per $1,000) ’98..$31-20
Population in 1890 w as........ 4,245
Water Worksand at the National Park Bank in New York.
7,0o0
ASSESSED VALUATION»—The city’s assessed valuation (which is 68, var., $63,000............ 1898-1919 Population in 1898 (est.)
50 per cent of actual value) and tax rate have been as follow s:
INTEREST on the railroad bonds is payable at New York; on the
Beal
Personal
Total Assessed Bate o f Tax water works bonds at Bellefontaine.
Years.
Estate.
Property.
Valuation,
per $1,000
1899.....................................
...............
$16,600,000
$25*40
B E L M O N T C O . — M adison A lbredge , Auditor.
1897........................., ...........
...............
16,816,450
24-20
1896.................$11,475,5^0
$5,104,450
16,580,000
23-20
County seat is St. Clairsville.
1895................ 11,176,540
5,831,360
17,007,900
22 0 0
LOANS—
When Due.
LOANS—
When Due.
1890................
7,103,520
4,513,480
11,617,000
25-40
R efunding B onds—
County B onds—
1889................
6,886,790
4,002,260
10,889,050
12-00
5s, M&S, $48;000.....................1901 4Ljs, M&S,$40,000......1907-1910
($10,000 annually.)
Bridge B ondsA kron School District.— Samuel Findley, Clerk
58, M&S, $39,000...March 4,1901 Total debt Aug. 1, ’ 97... $291,000
Board of Education.
5s, M&S, 50,000... :. Sept. 1,1905 Tax valuation in 1897.-20,457,025
Refunding B onds— When Due. I Total debt Aug. 17,1898. $85,000 5s, . . . . , 16,000...... M archi, 1907 Assessm’t about 60% actual value.
Population in 1890 was___57,413
Court House and J ail —
5s, M&N, $ 10,000...Nov. 18,1902 |School tax (per $1,000) ’ 97..$7-00
5s, M&S, $95,000........ 1898-1903 Population 1896 (estim’d>..67,000
3s, J&J, fe 10,000.. .July 29,1903 |




October, 1898.

79

*
Se w

B E R E A . —E. S. L oomis, Clerk.
i This village is in Cuyahoga County,
SPILOANS—
When Due. Bonded debt June 1 7 ,’ 98.$34,600
Assessed valuation 1897.-550,000
C o u n c il H a l l B o n d s—
6s............ $3,000............1899-1904 Tax rate (per $1,000) ’ 97...$27-90
5s, refunding bonds............. $4,7<-0 Population in 1890w as........2,533
3,000
5s, sewer bonds .................. 9,100 Population in 1898 (est.)
5s, pairing bonds.................. 20,800
^ IN T E R E ST is payable at the Bank of Berea Co.

er

B

LOANS —

o nds—

5s, MAN, $12,000---- May 20,1901
5s, MAN, 13,000---- May 20,1902
5s, FAA, 12,000... .Aug. 20,1902
5s, FAA, 13,000---- Aug. 20,1903
5s,
,
22,000___Feb. 1,1905
5s, JAJ, 25,0 0 0 ....July 1,1904
($5,000 yearly) to July 1,1908
5s, . . . . , $40.000 ............. Various

R

When Due-

e f u n d in g —

5s............ $13,000.............................
4s, MAS. 13,933.... Moh. 1,1908
Wa t e r W

orks

B

o nds—

5s, FAA, $ 1 5 ,0 0 0 ....Feb. 1,1899
5s, FAA, 1 5 ,0 0 0 ....Feb. 1,1900
5s, JAJ, 10,000... .July 14,1901
5s, JAJ, 10,000... .July 14,1900
58, .......
12,000........ . .1900 1902
P u b lic Im p r o v e m e n t s —
413s
....... . 30,000........... 1900-1910
............... $9,000..........
Various
5s, FAA, 30,000---- Aug. 20,1904
St r e e t I m p r o v e m e n t B o n d s —
($10,000 due y’rly) to Aug. 20,1906
B L A N C H A R D T O W N S H I P . — T . K . W y m a r , 5s, semi-an., $3.600....... 1899-1907 5s,
JAJ, 15,000---- July 15,1903
($100 annually, on Sept. 15.)
............ $64,428 ................Various ($5,000 due y’rly) to July 15,1905
l r Clerk.
R e f u n d in g W a t e r B o n d s4 138&5s, A&O, *2,612 ...1899 1903
This township is in Putnam County.
48, semi-an., $38,' 00 Sept. 1 ,1Q07
($500 yearly on April I.)
15,000.Sept. 1,1908
Total debt Mar. 25,1898. .$35,500 I Beal valuation
..
$2,100,000 4igs, MAN, tl0,550........ 1899-1903 4s, MAS,
Tax valuation 1897............736,469 Population m 1890 w as
1,688 4»28, JAJ, 4,834.July, 1899- . 908
T ax rate (per $1,000) ’97...$21-24
INTEREST is paid in part by Kountze Brothers, New York, and in
p Irt by the Chase National Bank. New York, and in part in Canton.
,—, „ - - - - /—* i—,
) A. B. CAMPBELL, Mayor.
T
O T A L DEBT E t c .— The city’ s total debt on Sept. 1,1898, was
B O W L I N G G R E E N . \a l e x . Wi l l i a m s o n , cierk. $668,872,
including water bonds $190,000, street improvement bonds
This village is in Wood County.
$72,<¡¿6 and current expense bonds $185,035.
S
t
r
e
e
t
I
m
p
r
o
v
e
m
e
n
t
B
o
n
d
s
—
A c c c c q p n VALUATION in 1897 $11,198,230; real valuation
LOANS—
When Due
5s, MAN, $5,000........ Mar. 1,1899 estimated at $40,000,000; city tax rate (per $1,000), $12-00; total tax
G as, T o w n H a l l , E t c .—
6s........ . $56,000.......Sept. 1,1912 ($500 every 6 mos.) to Sept.l. 1903. rate (per $1,000) $29-10. In 1891 it was $12,000,000, real value being
Total debt Jan. 1 ,1 89 8 .. $66,000 about $26,000,000.
R e f u n d in g B o nds
5s M &S^IO 0 0 0
....1908-1917 Tax valuation'in 1897 .'.'1.359,110
POPULATION in 1895 was 38,627; in 1890was 26,189; in 1880
’
< $ W ev eV y M&S.)
|Tax rate (per $1,000) 1897.$36-00
|Population in 1890 was........ 3,460 was 12,258; in 1870 was 8,660. Population in 1898 (est.), 40,492.
I Population in 1897 (about)..6,000 C a n t o n S c h o o l D i s t r i c t . — A . 0 . S l e n t z , Clerk

B R O O K L Y N . - W . T. B a t so n , Clerk.
This township is in Cuyahoga County.
Bonded debt Aug. 15, ’95.$11,100 Total tax (per $1,000) ’97. .$23-20
Floating debt..................... 1,500 Population in 1890 w as.........4,585
Total debt Aug. 15,1898.. 12,600 Population in 1880 w as.........1,295
T ax valuation 1898...... 1,007,865 Population 1898 (est.)............5,500
id t t p v d t t c

5C. F. BIBK, Mayor.

B U C Y R U b . — l w . A. BLICKE, Clerk.
This city is the county seat of Crawford County
LOANS—
When DueI 6s, AAO, $9,000........ Oct. 1< 1904
B e f c n d in g B o n d s—
6s, J&D, $11,000.......Dec. 1,1908
6s, MAS, $12,000...... Mar. 4.1910
Sc h o o l B o n d s—
6s,
AAO, 8,000......... Apr. 1,1899
6s, MAS, $10,000-----Sept. 1,1904
($1,000 yearly) to April 1, 1906.
St r e e t I m p r o v e m e n t B o n d s—
6s, JAJ, $12,500.........July 1,1900 Total debt Sept. 1,1898. $87,700
6s, MAS,
3,000..... Sept. 1,1901 Tax valuation 1897.........2,871,390
6s, MAN,
2,000..... May 1,1902 Assessment about 40% act. value.
6s, JAD,
3,200.....June 1,1902 Total tax (per $1,000) 1898.$27-60
6s, MAS,
17,500.....Sept. 1,1902 Population in 1890 w as........ 5,974
6s, MAS,
9,500.....Sept. 1,1908 Population in 1898 w as........ 7,000
INTEREST on the street improvement bonds due in 1900 is payable
at New York City; on all other bonds at Bucyrus.

B U T L E R C O U N T Y . -F r ank X . D uerr , Aud.
County seat is Hamilton.
LOANS —
When Due.

B

r id g e

B

o nds—

4 L3S, JAJ, $35,000...................1908
4 *28, JAJ, 30,000..,.1910-’ 11-T3
($10,000 due each year.)
4ias,JAJ, $15,000...................1915
413s, JAJ,
10.000................. 1917
4*28, JAJ,
15,000................. 1919
413s, JAJ,
10,000................. 1921
413s, JAJ,
20,000................. 1924
4 1ss, JAJ. 70,0 0 0 ....July 1, 1899
($10,000 due y’rly) to June 1,1905
4*28. JAJ, $10,'*00....Jan. 1, 1899
($2,000 due yearly)to Jau. 1 , 19u3

Co urt H

ouse

B

o nds-

58, MAN, $45,000.......Dec. 1,1898
($15,000 due yearly) to Deo. 1,1900
4s, MAN, $100,000... .May 6,1901
($20,000 due yearly) to May 6,1905
413s, JAJ, $20,000...July 10,1906
4138, JAJ, 25,000.. .July 10,1907

Board of Education.

Bonded debt Feb. 15, ’98.$222,000 I Population 1897 (est.)........ 40,000
School tax, 1897.......... ........ $8-00 |

__ 5 ELI BRYSON, Mayor.n
(AUG. BEHRINGER, Clerk.
Celina is in Mercer County.
LOANS —
When Due. Total debt Jan. 15,1898.. $76,000
Assessed valuation, real.. 460,000
St r e e t I m p r o v e m e n t B o n d s 68,
$10,000. . . Aug. 15,1903 Assessed valuation, pers’l 304,850
Total valuation 1*97
764,850
W a t e r -W o r k s B o n d s 68.......... $50,000... .Oct. 15,1931 Total tax (per $1,000) ’97.. $37-00
Population in 1890 w as........ 2,702
I n t. p a y a b le a t V illa g e T r e a s u r y .
Population in 1895 (est’d )...3,500
~

t t t t

T

5 P . WHITE BROWN, Mayor.

C H I L L I C O T H E . — }w. J. EYTH, Clerk.
This city is in Boss County.
LOANS—
When Due.
S c h o o l D i s t . B o n d s — (1897)—
6s....... . $9,500............. 1899-1917

St r e e t I m p r o v e m e n t B o n d s -

48............ $23,000...Aug. 15, 1913 •
(Subject to call part yearly.)
4s,
. , $675.......Aug 15,1901
R e f u n d i n g B o n d s ( G o l d )—
4*2g, JAD, $100,000 g. Dec. 1,1916 Total debt Jan 1,1898... $107,000
Total
valuation 1897---- 5,281,389
Se w e r B onds—
actual value.
5 s , ..........$8,000___ ..Oct. 4,1913 Assessment about
Total
lax
(per$1,000) 1897.$27-20
(Subject to call after July 1,1900)
, Population in 1890 was.......11,288
I Population in 1880 was.......10,938
|Population in 1898 (est.). ...16,000
O P T IO N A L _The above bonds may be redeemed six each year for
seVen years beginning Dec .1,1902, seven each year for six years be­
ginning Dec. 1,1909, and eight on Dec. 1,1915.
INTEREST on the bonds is payable by the Farmers’ Loan A Trust
Company, New York.

/^TTVT/-TTVTivTA<-r'T
5 GUSTAV TAFEL, Mayor.
C I N C I N N A T I . — \ a. p. BOYDEN, Auditor.
Cincinnati
is
situated
in
Hamilton
County.
R oad Im pro vem en tIn 1895 the villages of Avondale, Clitton, Linwood, Riverside and
4128, MAS, $25,000.................. 1906 Westwood were annexed to Cincinnati and their indebtedness was
Interest payable at Hamilton.
assumed by that city. The city entered into an agreement with a New
Bond, debt Feb. 15, ’98. $461,000 York
firm a few months ago looking to the refunding of the Cincinnati
Assessed valuat’n, real*20,887,000 Southern
bonds. This agreement was set aside by Judge
Assess, valuat’n, pers’l. 8,227,810 Spiegel on Railway
Co unty F und—
Aug. 18,1898. See C h r o n i c l e , V. 67, p. 189 and 442.
413s, MAN, $20,000................. 1902 Total valuation 1*97...29,114,810
LOANS—
-— Interest.— > .--------------Principal.—
——
Assessment
about
40%
aot’l
value.
4^8, MAN, 20,000................. 1903
NAME AND PURPOSE.
Payable
O uM an ^ t.
4 *38, MAN, 20,000. 1904- 06-’09 State and Co. tax (per $1,000).$8"30
Bowlder
pavement.......1893
4
J
A
D
June
1,
1912
$150,000
Population
in
1890
w
as..
.
.
.48,597
413s, MAN, 20,000..’ 12-’ 14-T6-’18
Subject to call after June 1, 1902
Population in 1895 (est.)___55,000
($5,000 due each year.)
Cincinnati South. B ’y .. 1872 7
J & J
h iano
n c a l non
*The Miami University lands (22,529 acres), appraised at $1,096,750
do
do
1872 7-3 J A J July 1, 1902
7,644,000
are exempt from all State taxes except those for school purposes.
do
do
1876 6g. M A N May 1. 1906
2,890,000
do
do
1876 7-3 M A N May 1, 1906
1,865,000
do
do
1878
7
M
A
N
N
o
v
.
1,
1908
|38,000
.—, * 1—\t r7
( J* B• WOBLEY, Mayor.
do
do
1879 6
F A A Aug. 1, 1909
895,000
G - A - U l Z i . — ( w . H. LUCAS, Town Clerk.
City hall 10-20s..................... 4
J A D June 1, 1909
*249,000
Cadiz is in Harrison Co.
Subject to call June 1, 1899
do
do
.
..1892 4 J J A D June 1, 1911
*325,000
LOANS.
When Due. Total debt Sept. 1, ’ 97.. $40,393
5s, semi-an. $10,000.-1899 to 1911 Tax valuation 1897.......1,013,180
Subject to call after June 1, 1901
Assessment
ab’
t
70%
actual
value.
W a t e r B o ndsCon. sink, fund 30-50s, 1880 5
M A N May 1, 1930
1,332,000
58, semi-an., $35,000.Sept.’99 t o ’08 Total tax (per $1,000) ’ 97..$26-60
Subject to call after May 1, 1910
Population in 1890 w as........ 1,716
do
do
1881 4
J A J July 1, 1931
967,000
($3,000 due yearly.)
1,935
Subject to can after July 1, 1911
Bonded debt Sept. 1,’ 97. $35,000 Population in 1897 about
do
do
...... 4
J A J July 1, 1941
77,000
Floating debt..................
5,393
do
do
1897 ..
........ Feb. 1, 1937
*,600,000
Egglest.Ave.
sewer,LetterB3
7-3
A
A
O
Oct.
1,
1899
qqo’
ooo
C A M B R I D G E . — T . R. D eselm, Clerk.
Fiindinc
..1874 7 M A N May15, 1904
992,000
This city is located in Guernsey County.
Funding debt, Letter L ........ 6
J & J Jan- L 1900
sro’ ooo
Hospital, 1868, Letter 8 2 ... 7-3 M A N Nov. 1, 1898
239-000
R e f u n d in g B o ndsLOANS —
Amount.
do
1876, Letter S 3 ... 7 M A N May 1, 1906
50,000
4128, AAO, $5,000... Apr. 1,1908
Ch a ir F a c t o r y Liberty Street viaduct.......... 4
J A D June 1. 1939
6 8,000
W a t e r B onds—
68, AAO, $2,000..........Oct. 1,1899
34,000
($1,000 due yearly) to Oct. 1,1900 4!2S, JAJ, $30,000........ 1905 1934 House of Refuge bonds,’96. 4 J A J July 1, 1926
($1,000 due yearly on July 1.)
Me Lean Ave. sewer, Let.U2 5
e M AN
Nov. 1, 1S99
*35,000
S e w e r B o nds—
413s. FAA, $9,000......Aug. 1,1923 413s, JAJ, $30,000........ 1906-1935
Madisonville Ave.bonds, ’96 4 J A D
June 1, 1915
10-000
($1,000 due yearly on July 1.)
4iflS, MAS, 9 ,0 00 .... Sept. 1,1923
Bonded debt Sept. 1, ’97. $95,000 Market House bonds............ 3 ^ ............ „iL 60" I ’
50, 000
F u n d i n g , E t c .—
60,000
(Subject to call Dec. 1,1907)
6s, MAS, $5,000..........Mar. 1,1902 Water debt (included)...
Orphan asylum, registered.. 6 M A S Mar.17, 1908
100,000
($1,000 due yearly) to Mar. 1,1906 Tax valuation 1897....... 1,634,085
Assessment 50 to 60% actual value Pavement . . . . . . . . . . . . . . . . . 4 J A D June 1, 1909
142,000
St r e e t B o n d s—
........
Subject
to
call
June
1,
1899
Total
tax
(per
$1,000)
’97..$32-20
4igs, MAS, $9,000....Sept. 1,1923
do
............................... 4
J A D June 1, 1910
*150,000
Population in 1890 was.........4,361
B o llin g M il l Subject to call June 1, 1900
68, JAJ. $19,000........ July 1,1899 Population in 1880 was.........2,883
do
............................... 4 J A D
June 1, 1911
*449,500
Population
in 1895 (est.)....... 5,975
($
July
^ Al,000duesemi-an)to
jV V V u u y w v u u
V 1,1903
7
AT
Subject to call June 1, 1901
INTEREST on the rolling mill loan is payable in New York and on
do
............................... 4
J A D June 1, 1912
*445,500
other loans in Cambridge.
Subject to call June 1, 1902
do
............................... 4
J A D June 1, 1914
*200,000
5 J. A. BICE, Mayor.
Subject to call June 1, 1904
C A N T O N , ■\ LOUIS N. LEY, Clerk.
School bonds, 4s...........................................
1936
75,000
Subject to call after 1906.
¡.
This city is the county seat of Stark County.
Sewer
A
Gilbert
A
v.,
R.AU.
7-3
M
A
S
Sept.15,
1899
296,000
F ir e D e p a r t m e n t B o nds—
LOANS—
When Due.
41
ss,
FAA,
$25,000..Aug.
1,
1899
C u r r e n t E x p e n s e B o nds—
Street improvement............. 5semi-an, ^ 28980to
U)05 ^
340,030
4,800.June. ’99 to ’02
5s. MAS, $ 1 2 ,5 0 0 ....Mar. 1,1899 5s, ____
Trunk sewer........ ................. 4
J A D June 1, 1929
*50,000
M a r k e t H o u s e B o nds—
5s. MAS, 1 2 ,5 0 0 ....Sept. 1,1899
Subject to call after June 1, 1919
5s........
4,000... .July 15,1899 5s, JAD, $26,000.......June 1,1909
do
1893
4
J
A
D
June
1,
1932
300,000
P a r k B o nds5s, .......112,102............... Various
Subject to call after June 1, 1922
4138,
, 30,000............. Various 58, AAO, $25,000.......1899 to 1906




J

a il

B

o nds-

68, FAA, $15,000.. .1899-’ 1901-’03

80

---------Principal,----------.
LOANS—
i— Interest.-.—
When Due. Outstand'g.
NAME AND PURPOSE.
Rale. Payable
*$100,000
University, Letter H 2............ 4 J & J July 1, 1918
95.000
Waterworks, Letter F ............ 6 A & O Oct. 15, 1900
70.000
do
Letter K ............ 6 J & D Junel5, 1900
*199,000
do
............... 1891. 4
J & D June 1, 1911
Subject to call after June 1, 1901
500.000
do
...............18*8. 31« F & A Aug. 1, 1938
Subject to call after Aug. 1, 1918
*350,000
J & D June 1, 1922
Viaduct bonds........................ 4
Subject to call after June 1, 1912
* 100,000
Workhouse imp., 1893.......... 4 J & D June 1. 1923
3,600,000
Refunding bonds, 1897........ 3-65 F & A Feb. 1, 1937
A V O 'D »L E $66,500
5
Various
1904-1918
5
40.000
J & J
1912-1914
4
230.000
Various
1921-1925
5
Various
1914-1923
75.000
5
M&N
25.000
May 1, 1914
5
J & J
75.000
Jan. 1, 1907
Assessment Im p’tb o n d s... 5
Various
1898-1905
70.223
C L IF T O N
Gen. improvement bonds... 4*2 J & J July 1, 1918
$100,000
do
do
412 M & N May 1, 1920
50.000
4
J & J July 1, 1917
50.0C0
5
J & J Jan. 1, 1906
20.000
............... .......... 413 A & O Apr. 15, 1922
do
12,000
Assessment Imp’t bon d s.... 5
Various
1898-1905
5,541
LIN W O O n —
Water-works & elec.-lgt bds. 6
A & O April 1, 1904
$3,000
do
do
6
M & N May 1,1909
3,500
do
do
5
A&O
1923
69,500
Assessment imp. bonds
6
May
1893-1904
464
R IV E R S ID E —
Hillside Ave. improv’t bds. 6
F & A Feb. 1, 1899
$ 1,000
Various
Street and sewer improve’t. 5
1902-1922
30.000
do
do
5
J & D Dec. 1, 1912
20.000
Highway improvem’t bonds 5
J& J
1925-1929
15.000
5
M & N Nov. 15,1930
135,000
W ESTW O O D —
Town-hall bonds.......
S
J & J July 1, 1908
**$15,500
do
do
___
6
F & A Feb. 1, 1909
**4,500
5
J & J July 1, 1915
20.000
M & S Sept. 2, 1925
5
20,000
5
J & D Dec. 9, 1925
20,000
Assessment imp’t bonds___ 5
Various
1898-1904
70.223
PAR VALUE OF BONDS-—The bonds in the above table marked
thus * are, in whole or in part, $500 pieces. Bonds marked thus ** are
in whole or in part, $100 pieces, oruneven amounts. All others, $1,000.
INTEREST on bonds is payable at the American Exchange National
Bank of New York and the Third National Bank of Cincinnati, which
ale the authorized agents of the trustees of the sinking fund.
TOTAL DEBT, SINKING FUND, Etc -—The subjoined statement
shows Cincinnati's total municipal debt (inclusive of water debt), the
sinking fund held by the city against the same, and the water debt, on
the 1st of January of each of the last four years.
1898.
1897.
1896.
1895.
Tot. bonded debt.$27,451,800 $28,526,000 $28,087,000 $28,757 000
Sinking fund......
1,969,341
2,574,751
2,621,133
2,196,873
Net debt.......$25,482,459 $25,951,249 $25,465,867 $26,560,127
............
$1,409,500 $1,175,000 $1,725,000
Water debt (incl’d)
There were outstanding on Jan. 1,1898, street bonds to the amount
o f $1,864,057*63 payable by special assessment and not included in
the above statement of total debt. Of this amount bonds to the
amount o f $1,524,027, together with $50,000 bonds of the Board o f
Education, were held by the sinking fund, these, and the cash on
hand amounting to $395,313*34, being applicable to the payment o f
the general bonds.
CITY PRO PERTY.—Thè city owns the Cincinnati Southern
Railroad. The rental received for the road is $1,090,000 till 1901 and
then $1,250,000 till 1906, when lease expires. The water-works pay
the interest on all water bonds amounting to $71,195 in 1896 and a n
annual sinking fund of $102,484.
’
ASSESSED VALUATION, E t c -— The net debt, assessed valuation
and tax rate have been as follows, Tax rate for 1898 is $2t>*l8.
Fears.
Net Debt.
Assessed Val'n. Taxp er $1,000
1897......................... $25,482,459
$196,818,200
$26*78
1896........................ 25,951,249
198,536,580
26*40
1895........................ 25,465,867
188,484,880
28*32
1894....................... 26,560,127
188,129,540
28*32
1890........................ 24,723,068
177,773,240
26*66
1885........................ 24,468,405
170,086,968
26*86
1880........................ 23,953,981
167,535,356
31*00
POPULATION.—In 1890 population was 296,908: in 1880 it was
255,139 ; in 1870 it was 216.239. Population in 1898 about 400,000.

C I R C L E V I L L E .— C h a s .

N aum an,

-J o h n

W.

D a v is ,

Auditor.— County seat is Batavia.

LOANS-

Total debt Ian. 15,1898 $140,500
Assessed valuat’n,real. 7,858,390
$109,500 Assessedvaluat’n, p’snl 2,483,090
J a il B o ndsTotal valuation 1897.. 10,341480
68....................................... 11,000 Tax rate (per $1,000)
11*55
B ridge B onds -18 9 7 —
Population in 1890 was......33,553
5s, . . . . , $ 20,000................
1906 Population in 1897 (est.)., .37,000
e f ic ik n c y

B

o nds-

58......................

C L E V E L A N D . __ * R o b e r t m c k is s o n , Mayor.
I H. L. ROSSITER, Auditor.

Cleveland is situated in Cuyahoga County. As we were going to press
October!., the city was advertising for sale $250,000 4% river and
harbor bonds and $2a0,000 5% library bonds.

LOANS—
When Due.
B r i d g e B o n d s — (C on.)
B r id g e B o n d s—
4s, A&O, $45,000...April 1, 1906
5s, A&O, $65,000.......Oct., 1899 4s, A&O, 90,000....Oct. 3, 1907
5s,
A&O, 20,000........Oct., 1900 4s, A&O, 90,000...Apr. 1, 1926
5s, A&O, 285,000.......Oct., 1903 4s, A&O, 249,000....O ct. 1, 1926
4^8. A&O, 60,000........Oct., 1899
Ca n a l B onds4s,
M&8, 10,000.......Mar., 1900 68, M&N. $11,000.........Nov., 1898
4s,
M&N, 30,000,......May, 1900 5s, A&O, 150,000.......... Oct., 1903
4s,
A&O, 60,000....... Oct., 1900
F ir e D epa r t m en t —
4s,
A&O, 30,000........Oct., 1902 5s, A&O, $100,000____ Oct., 1902
4s,
A&O, 25,00 0 ....Oct. 1,1903 5s, A&O, 147,000____ Oct., 1903




LOANS'
levated

R

LOANS—

W h en D u e.

oadw ay—

Sew

B

er

o n d s — (Con .)

When Due.

J&D, $150,000....June, 1903 4s, A&O, $23,000..Oct. 1,1916
J&D, 232,000.... June, 1904 4s, A&O, 30,000..Oct. 1,1917
J&J, 175,000___Jah., 1901 4s, A&O, 200,000.. Oct. 1, 1921
M&N, 6 0 ,0 0 0 ....May, 1901 6s, A&O, 110.000.. Oct, 1,1926
A&O, 100.000. *...Oct., 1902 4s, A&O, 240,000.8ept. 30,1926
J&J, 100.000. .. . Jan., 1903 4s, A&O, 235,000..Oct. 1, 1908
J&D,
G arbag e P lan t B onds —
75.000
June, 1903
F unded D ebt4s, A&O,100,000......Oct. 1,1916
58, A&O, $ 265,000....Oct., 1899
St r e e t I m p r o v e m e n t B o n d s 5s, A&O, 156,000.... Oct., 1900 6s, . . . ..., $11,670..Sept., 1899
5s, A&O, 3 9 ,0 0 0 ....Oct., 1901 6s, ......,
11,136.. Sept., 1900
5s, M&N, 100,000....Nov., 1901 6s, .......
13,130..Sept.. 1901
5s, A&O, 227,000....O ct., 1902 6s, ..... . ,
10,750.. Sept., 1902
4s, A&O, 46.000
April,1902 6s, ......,
4,000. .Sept., 1903
4s, A&O. 100.000. . Apr. 1, 1904 6s, ... . . ,
4,000.. Sept., 1904
4s, A&O, 276.000. . 0 .t . 1, 1916 6s, ... , . L
2,800..Sept., 1905
4s,
| A&O, 225,000..Oct. 1, 1908
St r e e t I m p r o v e m e n t N o tes—
P a r k B o nds—
5s, M&N,$661,992.... 1898-1902
4s, A&O, $500,000...Oct. 1,1923
B r o o k l y n B onds—
4s, A&O, 500,000.. Apr. 1,1924 i 6s, .......,
$3,400.. Sept, 1899
4s, A&O, 600,000...Apr. 1,1927 6s..............
1,700..Sept., 1900
4s, A&O, 400,000... Apr. 1, 1928 6s............ .
1,850. .Sept., 1901
P

o l ic e

58,
4s,

R

4s,

St a t io n -

M&N, $20,000......May, 1901
A&O, 100,000...... Oct., 1917
iv e r a n d

H

B

arbor

o nds—

A&O, $500,000.. .Oct. 1,1926

St r e e t O p e n i n g B

4s,

V

onds—

A&O, $30,000...... Apr.&Oot.
($5,000 semi-an.) to Oct., 1900

ia d u c t

B

o nds-

68,
M&N $170,000..Nov., 1898
5s,
J&D, 125,000.. June, 1907
58, A&O, $45,000..Oct., 1899 4s,
A&O, 150,000. Oct. 1,1904
A&O, 106.000. . Oct., 1900 W a t e r W o r k s A&O, 30.000. .0 ct.,
1901
68,
M&S, $275,000..Mar., 1900
A&O,
56.000. .0 ct.,
1902
12,000.. July, 1903
6s............... .
A&O, 68.000. . Apr. 1,19014*28. A&O, 400,000..Apr., 1902
A&O,
6,000..Oct. 1,1902 4s,
J&J. 100.000. . Jan., 1903
A&O,
51.000. .Apr. 1,19034s,
A&O, 200.000. . Apr., 1903
A&O, 20.000. . Apr. 1,19044s,
A&O, 200.000. Oct. 1,1905
A&O,
23.000. .0 ct. 1,19053-65s M&S, 100.000. . Sept., 1902
A&O, 107.000. . Apr. 1,1906 4s.
A&O, 500.000. A p r.l,1917
A&O, 262.000. . Oct. 1,1907 4s,
A&O, 600.000. .0 . t . l , 1926
PAR VALUE.—All bonds are for $1,000 each.
INTEREST is payable at American ExchangeNat. Bank, New York.
TOTAL DEBT, SINKING FUNDS, Etc.—The subjoined statement
shows Cleveland’s total municipal debt, the sinking fund, &c.
Bonds and notes July 1 ,1 89 8 ____________
$11,534,36100
Water debt included in above........................$2,387,000
All sinking funds......................................... .. 2,045,990
4,432,990 00
Se w

er

B

onds-

Net debt July 1 ,1 8 9 8 .........................
$7,101,371 00
Cleveland debt limit (7 p. c. of ass. val.)..
9,934,080 10
Reserve under Ohio (Cleveland)debt limit
2,532,709 00
W ATER W ORKS-—The city owns its water works. The income
from water rents and fees in 1897 amounted to $642,279 49.
. ASSESSED VALUATION Etc -—A ssessed at about 35 per cent of
its actual value.
Assessed
Tax Rate
Assessed
Tax Rale
Tears.
Valuation. per$l,000. Tears.
Valuation, per $1,000.
1897......... $141,915,430
$29*30 1890.......... $99,614,055
$29*30
1896......... 138,473,385
29*20 1885........... 88,285,845
26*00
1895......... 134,562,905
28*50 1880........... 73,647,194
26*30
POPULATION.—In 1890 population was 261,353; in 1880 it was
180,146; in 1870 it was 92,829. Population in 1898 (local est.', 380,000.

C l e v e l a n d School D

i s t r i c t .—

H.

L.

R o s s it -e r ,

Auditor.

LOANS—
When Due.
4s, M&N, $300,000... .May 1,1908
Total debt May 1, ’ 98. .$1,202,000
Sinking fund..................
117,158

C L IF T O N . —

Net debt May 1, ’98. $ ' ,084,842
Tax valuation 1897.$142,413,220
Real valuation (est.). 500,000,000
Population in 1898 (est.) ..380,000

See the City of Cincinnati.

/"'<t
5 J- D- SPRAGUE, Mayor.
L-'i-i I U L . — l w . E. GILLET, Clerk.
This village is in Sandusky County.
LOANS— Amount outstand'g. Bonded debt Mar. 25, ’98..$67,700
Refunding 5s, M&S............ $19,000 Floating debt......................
5,000
Registered 6s, F&A............ 16,000 Total debt Mar. 2 5 ,18 9 8 .. 72,700
Street 6s, F&A.................... 15,500 Water debt included above 23,000
Refunding water 5s,F&A.’96 to ’ 10 Assessed valuation 1896. .700,000
Water-works 6s, M&S....... 10,000 Assessment about 310 actual value.
Sewer 6s, M&S.................... 1,200 Total tax (per $1,000)........ $33*60
Interest paid at 4th Nat. Bk., N.Y. Population in 1897 (est.)___3,000
PH T

Finance Committee.

C L E R M O N T C O U N T Y .-

E

5s,
5s,
4s,
4s,
4s,
4s,
4s,

TTlVT'RTTCi

5 SAMUEL L. BLACK, Mayor.

Chairman C U L U 1 V 1 D U O . — l M. A. GEMUNDER, Clerk Trust S. F

The^oityis situated in Pickaway County.
LOANS—
When
1 Due. ' Interest payable at City treasury.
H a l l a n d L ib r a r y Total debt Sept. 1, ’97..
$58,000
68, $15,000................. Sept. 1,1905 Tax valuation, 1897... 3,085,989
R e f u n d in g B o n d sTotal tax, per $1,000 1897.$30*00
68, $43,000................ Sept. 1,1911 Population in 1890 w a s ......6,556

D

Voi. L X V II

STATE AW& CITY SU pflE M E N T ,

This city is in Franklin County.
LOANS—
-— Interest.— >
■ ------- Principal.-----------k
P. Ot. Payable.
When Due.
Outstand'g.
City Hall refunding.. 1886 4
J& D
June 1, 1906
$16,000
do
do
1889 4
M &S
Mar. 1, 1909
125.000
City Prison refunding 1888 4
M&N
Nov. 1, 1908
35.000
D eficiencyGas and light....... 1890 5
M&N
Nov. 1, 1900
70.000
Police and fire___ 1890 5
M&N
Nov. 1, 1910
150.000
P o lice .................... 1888 4
J & J
July 1, 1908
42.000
do ..................... 1893 5
A& O
Apr. 1, 1913
60.000
Fire Dep. and gas.1888 4
M & S
Sept. 1, 1908
43.000
Fourth St. Bridge__1890 4
M&N
May 1, 1905
130.000
do
do
1891 5
M &N
July 1, 1906
30.000
Franklin Park............ 1893 5
J & J
July 1, 1908
100.000
t A.
t 5 July 1,1899, sub. )
do
do
.1889 4
25.000
d ® d ( t o call July 1, ’94 5
do
do .....1 8 9 7 5
............
1908
50.000
Front St. V ia d u ct.....1894 41« M & S
Mar. 1, 1914
50.000
High St. Viaduct.........1891 5
J & J
Jan. 1, 1911
5.000
do
do ............1892 4 1« J & J
July 1, 1902
95.000
do
do ........... 1892 41« M & N
Nov, 1, 1902
400.000
do
do ............1894 4*2 J & J
July 1, 1909
150.000
L ev ee...........................1884 4
A&O
Apr. 1, 1904
2.000
T
t>5 une 1,1909, su b. )
do
.............. .
.1889 4
50.000
d ® u l to call July 1, ’99 i
Market H ou se............ 1888 4
J& J
July 1, 1908
9.000
do
1889 4
F& A
Aug. 1, 1909
15.000
Steam FireDep’t .........1890 5
M&N
Nov. 1, 1910
150.000
do do
.............. 1893 5
J& D
June 1, 1904
100.000
do do
.............. 1897 5
..........
1904
9.000
do do
..............1896 4
J& D
June 1, 1916
100,000
Electric light............... 1897 4
J& D
Dec. 1, 1927
68.000
Sewer farm claim....... 1898 4
........
Deo. 1, 1902
26,000
Refunding bonds.........1893 4
A&O
Apr. 1, 1900
160,000
Poor fund deficiency
bonds......................... 1898 4
J& D
June 1, 1918
30,000
NAME^AND PURPOSE.

J. LINXWEILER, Mayor.
J. E. GIMPERLING, Comptroller.
Dayton is the county seat of Montgomery County.
6s, M&S,
,0 0 0 .... Sept. 1,1902 4s, M&S, $15,000... .Sept. 1,1909
20.000. . . . June 1,19044s, M&N, 43,000... .Nov. 1,1909
6s, J&D,
F ir e D e p a r t m e n t B o nds—
LOANS—
When Due.
17.000. . . . July 1,19044s, A&O, 3 0 0 ,0 0 0 ....Apr. 1,1910
6s, J&J,
5s, M&S, $12,000.......Sept. 1,1899
B r id g e B o n d s—
10.000. . . . Dee. 1,19004s,J& D, 10,000___J une 1,1918 5s, M&S, $ 1 2 ,0 0 0 ....Sept. 1,1899
5s, J&D,
($3,000 due y’rly) to Sept. 1,1902
48.50 0 .. .. July 1,1902 w a I’e r B o n d s 5s, J&J,
G a r b a g e C r e m a t o r y B o nds—
($4,000 due y’rly.) to Sept. 1,1901
5s, M&N, 40.000. . . . Nov. 1,1910 58, J&D, $40 0,0 0 0 ....Dec. 1,1901 5s, M&S, $ 5 ,0 0 0 ....Sept. 1,1902 5s, F&A, $20,000.......Feb. 1,1899
5s, J&D, 10.000. . . . Dee. 1,1910 5s, A&O, 150,0 0 0 ....Apr. 1,1907 5s, M&S,
5 ,0 0 0 ....Sept. 1,1903 ($4,000 due yearly) to Feb. 1,1903
5s, J&J, 200,000.... Jan. 1,1911 5s, M&N, 175,000....Nov. 1, 1910 5s, A&O, 12,000....O ct. 1,1904 5s, F&A, $5,000.......Feb. 1,1904
1,500___Mar. 1,1911 4s, J&J,30 $ .0 00 .... July 1,1901
5s, M&S,
5s, F&A,
4,000.......Feb 1, 1905
C it y H a l l B onds30.000. .. . July 1,19124s, J&J, 100,000... .July 1,1902 48, M&S, $71,000.Sept. 26,1902
5s, J&J,
Se w e r B o nds—
50,00 0 .... July 1,1903
5s, M&S, 1 0 0 ,0 0 0 ....Sept. 1,1913 4s, J&J,
5s,
A&O,
$25,000.......Apr.
1,1912
E x t e n d in g In d e b t e d . B o n d s413a, M&S,250,000.... Sept. 1, 1921 4s, M&N, 100,0 0 0 ....Nov. 1,1908 58, J&D, $24,000.......June 1,1899 5s, A&O, 25,000___ Apr. 1,1914
4.8, J&J,
4,500... .July 1, 1901 4s. M&N, 57,000... .Nov. 1,1909 ($6,000 due ye’rly) to June 1,1902 5s, A&O, 50,000...... Apr. 1,1915
5 0 ,0 0 0 ....July 1,1918 5s, J&D, $72,000.......June 1,1903 5s, A&O 25,000...... Apr. 1,1916
4s, M&N, 1 6 5 ,0 0 0 ....May 1.1903 4s, J&J,
4s, M&N, 2 9 ,0 0 0 ....May 1.1904 4s, J&D, 10,000__ J une 1,1928 ($12,000 due y’rly) to June 1,1908 5s, A&O, 25,000...... Apr. 1,1918
St r e e t I m p r o v e m e n t
B o n d s,
----118,000....Dec. 1,1905
4s, J&D
So u t h w e s t e r n Se w e r B o nds—
5s, J&D, $15,000.......June 1,1909
payable by assessment—
25.000
__________ June 1,1906
4s, J&D,
5s, J&D, 15,000.......June 1,1910 4s, M&S, $6,000.......Sept. 1,1899
4s, F&A, 45.000. . . . Aug. 1,19066s, var., $1,788,200.......................
($3,000 due y’rly) to Sept. 1,1900
F unded D ebt B o nds—
14,000....... ................ 5s, M&N, $25,000 Nov. 1,1901
__________ Oct.5s...........
1,1906 .
10.000
4s, A&O,
St r e e t I m p r o v e m e n t B o n d s718,000....................... 4s, M&S, 65,000.Sept. 26,1902 58. J&D, $24,000........June 1,1899
17.000. .. . July 1,19074*28........
4s, J&J,
4s,
M&S,
26,500...... ................ 5s, A&O, 50,000.Apr. 1,1899
8.000.
. . . Deo. 1,1907
4s, J&D,
($6,000 due y’rly) to June 1,1902
. ,
I ? ,0 0 0 ..............1908 ($15,000 due y’rly to Apr. 1,1908.) 5s, J&D, $72,000........June 1,1903
12.000. . . . Feb. 1,19084a,
4s, F&A,
4,300
5.000.
. . . June 1,1908
4s, J&D,
....................$ 100,000 ........................ ($12,000 due y’rly) to June 1,1908
20.000. . . . July 1,1908 All of the street Improvement
4s, J&J,
G e n e r a l S t r e e t I m p r o v e m e n t 5s, J&D, $15,000........June 1,1909
bonds
are
subject
to call one year
4s, F&A, 47.000. .. . Aug. 1,1909
5s, J&D, 15,000....... June 1 1910
bondsfrom date of issue.
L e v e e B onds—
58, A&O, $50,000.......Apr. 1,1903
B o a r d o f E d u c a t i o n — s c h o o l H o u s e b o n d s , N o t P a r t C i t y D e b t . ($10,000 due y’rly) to Apr. 1,1907 4s, A&O, $150,000........ 1907-1918
($10,000 yearly on Oct. 1, 1912;
v e e B o nds—
LOANS—
When Due. 5s, A&O, $110,000.Oct. 1, 1912 5s,L eA&O,
$15,000 yearly to 1918.)
$15,000...... Oct. 1,1904
5s, A&O, $50,000..... Apr. 1,1899 5s, M&S, 110,000. Sept. 1 ,1 9 1 3
St o r m S e w e r k o n d s —
P a r k St r e e t S e w e r B o n d s —
5s, A&O, 25,000.....O ct. 1,1899 5s, A&O, 40,000. Oct. 1, 1914
4s,
A&O,
$50,000........0« t. 1, 1908
4s.
J&D,
$9,000........June
1,1899
25.000. Aug. 1, 1916
5s, A&O, 25,000........Apr. 1,1900 4 1¿s, F&A,
($10,000 yearly) to Oct. 1,1912.
($3,000 due y’rly) to June 1,1901
75.000. Mar. 1, 1917
5s, A&O, 85,000....... Apr. 1,1901 4s, M&S,
W
o
l
f
Cr ee k
Im p r o v e m e n t
4s,
J&D,
$5,000......
June
1,1902
33,000.Mar. 1,1918
5s, J&D, 85,000....... Dec. 1,1906 4s, M&S,
B onds4s, A&O, 14,000.......Oct. 1,1899
iN T E R E ST on police deficiency bonds of 1888 and on assessment
($7,000 due y ’rly) to Oct. 1,1900 48, M&N, $28,000.......May 1,1899
bonds is payable at the City Treasurer’ s office; all other interest at the 4s, A&O, $24,000.......Oct. 1,1901
($7,000 due y’rly) to May 1,1902
National Park Bank, New York City.
W a t e r -W o r k s B o n d s —
($8,000 due y ’rly) to Oct. 1,1903
4s, M&S, $12,000.......Sept. 1,1899 4s, M&N, $505,000....May 1,1905
T O T A L DEBT, SINKING FUNDS, ETC-—
Wa t e r - W o r k s
Im pro vem ent
($6,000 due y’rly) to Sept. 1,1900
Sen«. 15,’98. Jan. 1 ,’98. Jan. 1, ’97. Jan. 1,’96.
B o ndsl ic e D e f ic ie n c y B o ndsTotal bonded debt— $7,454,400 $J>|£5,200
$7’ K ti’ ?nn 58,P oM&S,
$20,000.......Sept. 1,1899 58, F&A, $35,000.. .Aug. 1,1899
Sinking funds. . . . . . . . 2,100,454
1,809,500
1,716,246
1,558,400
($5,000 due y’rly) to Aug. 1,1905
($4,000 due y ’rly) to Sept. 1,1903
5s, M&S, $25,000... Sept. 1,1899
St r e e t P a v in g B o n d sNet debt............... $5,353,946 $5,595,700 $5,807,954 $6,082,947
($5,000 due y’riy) to Sept. 1,1903
58,
F&A,
$25,000..Aug.
1,1906
Waterdebt(ino. above) 1,112,000
1,112,000
1,112,000
1,112,000
5s, A&O, $100,000...Apr. 1,1906
"
1,112
............
*16,567
............ 5s, A&O, 300,000..Apr, 1,1911
Floating debt.............
($50,000 due y’rly) to Apr. 1.1916 ($25,000 due y’rly) to Apr. 1,1909
5s, A&O, $75,000.. Apr. 1.1917 4^8, F&A, $17,000. .Aug. 20,1899
* C o n tin g e n t lia b ilit y t o c o n t r a c to r s .
' fW & 'i
. . . .
.
($25,000 due y’rly) to Apr. 1.1919 ($3,000 due ye’rly)to Aug. 20, 1904
The total bonded debt as given for January 1,1898, included street 5s,
M&N, $25,000. .Nov. 1,1913 4s, A&O, $ 9,000..Oct. 1,1899
improvement bonds payable by special assessment to the amount of 5s, M&N, 25,000..Nov. 1,1915 ($3,000 due y’rly) to Oct. 1,1901
$2,546,700. The sinking fund receives yearly about $125,000, which 5s, M&N, 25,000..Nov. 1.1917 4s, A&O, $20,000..Oct. 1,1901
does not include assessments for street improvement bonds.
5s, M&N, 25,000..Noy. 1.1919 ($4,000 due y’rly) to Oct. 1,1906
ASSESSED VALU ATIO N , ETC-—The city’s net debt on December
413s, F&A, $5,000..Aug. 20,1905
31, assessed valuation (about *3 of actual value) and tax rate have
T O T A L , DEBT, Etc - The subjoined statement shows Dayton’ s
debt, the tax rate levied for all purposes (State, county,
yv^k,
Net Debt.
Asses’dVal. Tax p.$ 1,000 municipal
city and school), etc.
1RQ7
$5,595,700
$62,685,080 $27-00
Assessed Vat.
Taxp. $1,000
Total Debt Mar. 1.
Years.
1896..................... ....................... 5 824,521
62,130,350
27-00
$41,785,530
$23-80
1898 ............ ________$2.263,000
6,082,947
61,086,700
27-00
1895........*.......
41,873,440
26-40
...............
2,339,000
1807.............
i s o ! ...............
6,575,859
59,939,040
29-00
41,048,210
26 0 0
1895............. ............... 2,497,000
1890..........................
. ............ 4,351,090
43,663,270
24-00
30,723,730
...............
1,497,160
22-40
1890.............
1885""*"""!""*"---"- . .................. 1,896,400
35,279,170
22-50
25,473,980
22-40
...............
1,160,500
1885............
Tax rate for i.898 is $27 50.
19,816,640
22-50
............... 1,099,000
1880.............
POPIILATION.—In 1890 population was 88,150; in 1880 it was 1875............. ............... 1,011,200
19,939,970
22-20
51,647; in 1870 it was 31,274; in 1897 (est.) 135,000.
16,254,760
20-50
...............
357,617
1870.............
The total debt March 1,1898, was $2,263,000, including a. water
GEO. W. CA88INGHAM, May
debt
of $733,000. In addition to the total general debt there were out­
C O S H O C T O N . - ’ 5( FRE
D W AGJNER, Clerk.
standing on March 1,1898, special assessment bonds to the amount
of $1,045,400; principal and interest payable from assessments upon
This village is in Coshooton County
abutting or benefited property. A ll of said bonds are due and payable
St r e e t -P a v in g B o n d sLOANS—
When Due.
68, M&S, $22,5GO__ (Sept. 1, 1900 in from one to ten years.
W ater W orksThe sinking fund assets on September 1,1897, amounted to $350,950.
68, M&8,$49,000.($2,500 y’rly).’99 ($1,500 due yearly) toSept.1,1914
The actual valuation of property is estimated at about $100,000,000.
Total debt Sept. 1,1897. $57,400
Sc h o o l H o u s e PAR VALUE OF BONDS.—The bonds are all for $1,000 each, inter­
68, M&S, $5,000..............1901-1903 Tax valuation 1897........ 1,701,350
Assessment about *2 actual value. est payable at the American Exchange National Bank, New York City.
C e m e t e r y B on d s—
6s, M&S, $2,500..............1899-1903 Total tax (per $1,000)..........$31*50
POPULATION.—According to a local census taken in February,
Population in 1890 was....... 3,672 1896,
($500 yearly.)
it was 79,331; in 1890 it was 61,220; in 1880 it was 38,678.
Population in 1880 was....... 3,044
B r id g e R e p Ai r B o n d s —
5s, ...... ,#10,0 o ... ---------------- Population in 1894 (est.)....... 5,000 D a y t o n S c h o o l D i s t r i c t .— William G. Haevssler,

LO ANS-

When Due.

Se w e r B o n d s—

LOANS—

When Due.

S e w e r B o n d s — (Con.)—

Se w e r Bo n d s—

6 s , ........,$ 2 ,9 0 0 .......Part yearly
5 FRANK MILLER, Mayor.
>D. R. SNYDER, Clerk.
Situated in Crawford County.
S e w e r B o n d s — (Con.)
LOANS—
When Due.
6s, M&s, $2,100..........Sept.’99-’01
B u il d in g B o n d s—
Total
debt Feb. 19,’ 98..
$64,700
5s, M&S, $9,000...Sept. 1,1905-08
Tax valuation, real.......
038,410
G e n ’ l I m p k OVE m e n t B o n d s Tax
valuation,
personal
444,900
68, A&O, $23,000. Apr. 1 , 1898-’02
Total valuation 1897... 1,083,310
St r e e t I m p r o v e m ’ t B o n d s 6s, J&J, $13,800 Jan. 1 , 1899-’07 Assessment about 23 actual value.
6s, Nov., 8 500..NOV. 1 , 1898-’02 Tax rate (per $1.000) ’ 97. ..$30-60
W a t e r -W o r k s I m p r o v e m e n t — Population in 1890 was........ 2,911
6s, Dec., $2,000.. Deo. 1 6 ,1903«04 Population in 1898 (est.)...... 3,500
IN T E R EST on general improve­
6s, June, 3,000. . June 10,1903-04
ment bonds is payable in N. Y. City;
S e w e r B ond s—
6s, J&J, $2,600........ .July, ’ 98-’ 01 on remaining issues in Crestline.

C R E S T L IN E ,

D A Y T O N

Clerk Board of Education.
When Due.
4s, J&J, $83,000................ 1911-12
(13,00.» July 1 ,1911, and $50,000
July 1,1912.)
4s, J&J, $30,000......July 20,1909
4s, J&J, $27,000......Jan. 15,1910
D e f ic ie n c y B o n d s —

Bond, debt Jan. 15.’98.. $582,000
Assessed val’ation, real.31,000,000
Assessed val’tion,per.. 11,000,000
T#tal valuation 1897.. 42,000,000
School tax (per $1,000) ’ 97...$7*80
Total tax (per $1,000)........... 23-80

t—
vtt’ tx'T a K T P T 7
( J. F. DB ATRI CK, Mayor.
U L r I A l N L « I l i .— { j . j . m a l l e Y, Clerk.
County seat of Defiance County.
St r e e t I m p r o v e m e n t B o n d s LOANS.—
When Due.
68, .......... $49,400.......................
Ce m e t e r y » B o n d s—
6,000. ......................
5^8, J&D, $1,000 ....J u n e 1,1899 5*48,........,
5s, . . . . . . . 58,000.........................
L ib r a r y B o n d5 8 ,........ . $1,000................... 1902 Bonded debt Mar. 20,’98. $240,6Q£L
9,000
Floating d e b t ..................
R e f u n d in g B o n d s—
412s , .......$25,000.....................1917 Total debt Mar. 20,1898.. 249,600
5 s ,.......
25.000___ Mar. 1,1902 Tax valuation 1897.........2,509,549«
5s........... 29,000... .1899 to 1912 Tot. tax rate (per $1,000) ’97.$36-20
C U Y A H O G A C O . — A . E . A k i n s , A u d ito r .
Population in 1890 was....... 7,694
Se w e r B on d s—
Interest is mostly payable at City
County seat is Cleveland. The State Supreme Court has declared 5^28, . . . . . . . $1,000............................
5,400............................ Treasury, but on the 6 per ceni
illegal an act passed April 27,1893, authorizing the issuance of bonds 5s,
bonds
in New York.
by a county containing a city o f the first class, second grade, for the
purpose of building an armory in such city.
So. R o c k y R i v e r B r i d g e —
D E N N I S O N .— This village is in Tuscarawas County.
LOANS.
When Due.
5s, M&N, $150,000...Nov. 1,1904
A r m o r y B o n d s .—
LOANS—
When Due. I Tax valuation 1897........ $757,360
Total
debt Sept. 1, 1897. .$595,000
____.July 1,1918
5s, M&N, .$225,000
t , I m p ’t & P a r k B o n d s—
Total tax (per $1,000) ’97...$37-80
Tax valuation, rea l... 120,789,320 6s,S t r...e e$37,600..........
Optional after July 1,1903.
1898
to 1922 Population in 1890 w as.........2,925
Tax valuation, pers’ al 41,504,835 Total debt Sept. 1,1897...$38,040
B r o o k l y n B r id g e —
|
Population in 1880 was........ 1,518
5s, A&G? $160,000. A pr.l,’98 to’03 Total valuation 1897.162,294,155
Assessment about ?s actual value.
C h a g r in R i v e r B r id g e 58, A&O, $50,000.......Oct. 1, 1905 Total tax (per $1,000)........... 8-00 E A S T L I V E R P O O L . — { J.‘ N." H AN^E yT C^erk°r‘
5s, A&O, 10,000.......Apr. 1, 1906 Population in 1890 w a s ...309,970
Population in 1897 (est.)..375,000
This city is in Columbiana County.
W a te r B o n d sLOANS—
When Due.
St r e e t I m p r o v e m e n t B o n d s —
48, M&N, $24,000....May 24,1937
D A R K L E C O . — G e o r g e W . S i g a f o o s , Auditor.
Optional after May 24,1917
5-86s,........ , $83,375........................
4s, M&N, $15,000 .. .May 1,1903 5s, A&O, $15,000... .April 1,1918
County seat is Greenville.
Optional after April 1,1898
When Due. Total valuation 1897..$20,351,260 ($1,000 due yearly) to May 1,1917
LOANS—
5s, J&J, $90,000.......July 1,1920
R e f u n d in g —
Assessm’ t about 70 p. c. actual val.
I n f ir m a r y B o n d sOptional after July 1,1900
68, . . . . . . $40,000........... 1899-1900 Total tax (per $1,000),’96----$7-30 6s, J&D. $7,000........June 1,1899
Bonded debt Mar. 20, ’9 8 ..$ 19,500 Population in 1890 was— 42,961 ($1,000 due yearly) to June 1,1905 5s, J&D, $18,500... .June 1,1923
Tax valuation, real... .$13,504,170 Population in 1896 (about) .45,000 5s, M&S, $33,000.......Sept. 1,1924
Optional after Sept. 1,1914
Tax val’tion, personal.. 6,847,090




82

STATE ANB CITY SUpflEWTEWT,

Vol. L XV II

Total debt Aug. 1,1897.. $263,875 Total tax (per $ 1,000) ’97 $29-00
Water debt (included)... 147,500 Population in 1890 was...... 10,956
Tax valuation 1 8 9 7 .......3,205,320 Population in 1897 was...... 15,039

F R E M O N T . — C. F. B e l l , Clerk.

E a s t L i v e r p o o l S c h o o l D i s t r i c t .— W . T . N

Street
do
do
do
do
(part
Water

o r r is ,

Clerk.
Sc h o o l B o n d s —

5 s , ..........$20,000.... 1899 to 1908
50.000___1909 to 1933
5s.........
6s............ 6,009..Jan. 1,1900-1-2
4s............ 6,000............ 1903-1905

I Total debt Feb. 15,1898. $84,000
I School tax (per $1,000)..
$9-00
|Assessed valuation, ’97.3,155,850
i Population in 1890 was......10,956
|Population 1897................. 15,957

5 B. E. LOWRY, Mayor.
I I. N. SLIVER, Clerk.
This village is in Preble County.
LOANS —
When Due. Tax valuation 1897.........1,742,178
W a t e r -W o r k s B o n d s —
Total tax (per $1,000) ’ 97..$24-80
6s. . . . . . . $56,500....................1911 Population in 1890 w as........ 2,934
Total debt Apr. J.,’98___ $56,500 Population in 1880 was........ 2,143

E A T O N

H. LEVAGOOD, Mayor.
C I T Y .—
H. PARK, Clerk.
This city is situated in Lorain Co
LOANS—
When Due.
4*28, J&J, $ 4 5 ,0 0 0 .... July 1,1924
Cit y H a l l B o n d s($10,0 0 yearly) to July 1,1928
68, J&J, $ 6 ,00 0 ........... Sept., 1909
Interest payable at Elyria City.
Se w e r B o n d s—
Bonded debi Mch. 1, ’98. $46,194
6s...........$5,400............... ................. Floating debt ...............
4,000
6s, an’ly, 1,000..........1899 to 1900 Total debt Mch. 1,1898.
50,194
($500 yearly on Sept. 1.)
Total valuation 1897___ 2,840,182
St r e e t I m p r o v e m e n t B o n d s —
Assessment about *s actual value.
6s, Various, $33,294....1898-1901 Tax rate (per $1,000) ’97..$30-00
Part due yearly.
Population in 1890 was........ 5,611
W a t e r W o r k s B on d sPopulation in 1898 (est.)... 10,000
4128. J&J, $150,0 O...July 1,1909
($10,0u0 yearly) to July 1,1923

E L Y R IA

This city is in Sandusky County.
LOANS —
When Due. I Refunding 4s, $7,950.......................
fmprov. 5s,$66,100...1916 |Total debt Jan. 15, ’98...$222,800
do
6s, 78,700
1914 . Water debt (included) ...
78,000
do
4s, 3,000..1899 *04 Tax valuation 1897.......... 2,258,010
do
5s, 5,000..’99-1905 I Total tax (per $1,000)’97..$33-40
do
4s, 16,000. Apr.1,’09 |Population in 1890 was........ 7,141
subject to call after 1899.) I Population in 1898 (est.).... 10,000
5s................ 78,000...1904

G A L I O N . — C. H . B r i g g s , Mayor.
This city is in Crawford County.
LOANS —
When Due. I Tax valuation 1897.......$2,275,190
Elec, light 5 & 6s, $31,000.. .’04-’06 |Actual value (est.) 1897.-5,000,000
Judgment 5s....... 8,000...... 1906 |Tax rate (per $1,000) ’97...$31-00
Relunding 6s.---- 87,000...... 1912 ‘ Population in 1890 was......... 6,326
Total debt Aug. 15, ’98.. $132,800 |Population in 1898 (est.).......8,026
INTEREST on bonds due January 1,1906, is payable at Gallon.

G A L L IA

C O . — J. W . J o n e s , Auditor.

County seat is Gallipoli«.
LOANS —
When Due.
T u r n p ik e B o n d s—

5s. .......$40,000...1905-09-11-15
$10,000 due each year on Jan. 1
5 s ,........ $5,000....... Jan. 15,1913
5 s , ........ 30,000............1914-1916
$15,000 due each year on Jn. 15
4s, F&A, $60,000... .Aug. 17,1917
4s........... 71,500.Julyl,1893-1913

T u r n p i k e B o n d s .— (Con.)
5s, A&O, $40,000 . .Apr. 6,1918
Interest paid by County Treasurer.
Bonded debt Jan., 1898. $207,000
Tax valuation 1897....... 6,388,893
Real valuation...............15,000,009
Aver,