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TATE

D

U ffi£ M £ U T
OF

^ ommercial T ~ P

INDEX

TH E

ïwâW â F
ô

TO

STATES.

Page.

A LABAM A,
- - - 172
ARIZONA, - - - - 144
ARKANSAS,
- - - 177
CALIFORNIA,
- - 146
COLORADO,
- - - 140
CONNECTICUT, - - 38
DELAW ARE, - - - 78
DIST. OF COLUMBIA, 81
FLORIDA, - - - - 171
GEORGIA, - - - - 169
I D A H O , ..................... 139
ILLINOIS, - . . .
97
INDIANA, . . . .
92
IO W A ,
- - - - - 114
KANSAS,
- - - - 130
KENTUCKY, - - - 160 !

^ h¥ owT X
ô

Page.

LOUISIANA, - - - 175
M A I N E , ..................... 9
MARYLAND, - - - 79
MASSACHUSETTS, - 19
MICHIGAN,
- - - 102
MINNESOTA, - - - HO
MISSISSIPPI, - - - 174
MISSOURI, - - - - 117
MONTANA,
- - - 135
NEBRASKA,
- - - 125
NEVADA, - - - - 153
N E W HAMPSHIRE, - 13
N E W JERSEY,
- - 61
NEW MEXICO,
- - 144
N EW YORK,
45
NORTH CAROLINA, 165

P age

NORTH DAKOTA, - 122
......................... 83
OHIO,
OREGON,
- . . . 150
PENNSYLVANIA, - 69
RHODE ISLAND,
- 36
SOUTH CAROLINA, 167
SOUTH DAKOTA,
- 124
TENNESSEE, - - - 163
T E X A S , ........................178
U T A H , ........................143
VERMONT, . . . .
17
VIRGINIA. - . . . 155
WASHINGTON, - - 151
WEST VIRGINIA,
- 159
WISCONSIN, - - - 107
WYOMING,
- - - 137

For Detailed Index for States, Cities, Counties and Towns see
pages 182 to 184.

O

c r b c T b e r

WILLIAM
102

B.

DANA

W IL L IA M

3

1

,

& 0 0 .,

STREET,

1

8

0

1

.

PUBLISHERS

N E W -Y O R K .

^Entered according to act of Congress in the year 1891, by William B. D ana & Co., in the office of the Librarian of Congress,




ashi




Entered, according to Act of Congress, in the year 1872, by
WILLIAM B. DANA & CO.,
in the office of the Librarian of Congress at Washington.

/

C ommercial & f iwawcial Ç hrowicle.
Entered according to act of Congress in the year ‘1891 by William B. D ana & Co,, in the otti ce of the Librarian of Congress, Washington, I).

NEW

YORK,

OCTOBER

81,

1891.

to complete it. When we reached the one hun­
dred and eightieth page we discovered that more than
likely we should not get to press for months unless
The State and City Supplement is g iv e n to every annual subscriber
o f the Commercial and F inancial Chronicle .
we arbitrarily stopped. So we have stopped, not be­
The I nvestors’ Supplement is also g iv e n to every subscriber of the cause the field has been fully cultivated, but because
Chronicle .
we have got sufficiently near the end to furnish results
The Commercial and F inancial Chronicle is published every
Saturday morning. For terms see the Chronicle .
which cannot fail to b§ invaluable to the investing
public.

m i B n fn m tm .

s w i

-

WILLIAM B. DANA & CO ., P ublishers,
102 W illiam S t reet , N ew Y ork.

THE STATE AN D C IT Y SUPPLEMENT.
We present our readers to-day with our new Supple ­
ment .
In doing so we will no doubt be pardoned for
saying that we feel a good degree of satisfaction over
our latest production. As a rule we take fair rank we
believe among modest men, seldom troubling our readers
about ourselves, but we cannot help remarking in a
quiet way on this occasion that we think we have
evolved a creditable publication. Beyond question it
would be difficult to overstate the amount of thought
and labor which has been crowded into the nine months
during which the book has been a-making and which
is reflected in its pages. W e had no previously-com­
piled similar work to build upon. W e had no source
except the States, Cities and Towns themselves to draw
our information from respecting municipal indebted­
ness. W e had no way of getting these facts except out
of the records those municipalities keep; and in col­
lecting the details we had to depend upon the knowledge
and willingness of the officials to help us.
It must not be understood from what has just been
said that our chief embarrassment in this particular was
because the field was uncultivated. Such a thought does
not by any means express the truth. W e knew at the
start that we were pioneers. W e were not, however,
prepared to find our way beset by so many special and
peculiar obstacles. In the first place, it was a revela­
tion to us to discover how many lusty cities, towns
and counties there were in the country. W e had a
tolerably fair idea of the square miles contained between
the two oceans and between the Great Lakes and the
Gulf; but its wonderful development is the feature we
have never been able to keep up with, and fear we
never shall. Being then so astray on that point, how
could we help being also at fault with respect to
what seems to us now the almost limitless number of
these enterprising municipalities having a very sub­
stantial outstanding bonded debt. When we began
this work we thought that fifty pages would suffice




Undoubtedly the fact that the scope of the work has
thus widened under and in the course of our investiga­
tions has greatly added to the labor anticipated. And
yet even that has not been the cause chiefly instrumen­
tal in making the progress so tedious. There has been a
hindrance which has proved far more embarrassing, and
that is the surprising and decided disinclination to give
the required information which has been shown by the
officers of so many municipalities. W e would not have
it Understood that this disinclination has been mani­
fested everywhere. Indeed, nearly all the larger cities,
large enough to have passed the narrow age, and very
many others, have assisted us freely ; and our warmest
acknowledgments are due to all who have so kindly and
readily responded to our requests. But the others, and
that includes the larger proportion of all, have made it
necessary for us to tax our ingenuity liberally in devising
ways to secure indirectly the information which had been
refused directly. Hence, through friends, agents and
banks at the localities about whose bond issues we
needed facts; through New York banks, trust com­
panies and bankers who pay the interest in New York
on municipal bonds; through brokers 'and dealers in
these bonds in New York, Boston, Philadelphia, and
many other cities; in brief, through every avenue and
agency we could expect help, we have slowly but finally
worked out these exhibits which we now present to our
readers.
While expressing surprise at meeting so great unwil­
lingness on the part of officers of municipalities to help
us in perfecting a work which will in the end prove to
be of chief usefulness to them, we can say without
exaggeration that we have at the same time been aston­
ished to discover how apparently inexhaustible has been
the kindness, cordiality and readiness shown by the
host of friends on whom we have so largely leaned.
W e hardly need, however, to add, after the enumeration
made of the many classes of helpers we have drawn into
our service, and the divers ways their mention suggests
through which, as well as through the city officials, we
have sought information— we hardly need to explain
how many times all this has increased our labor. It

4

STATE A N * OITY S U f f l E M E W T -

Vto LIU-

there exist degrees of limitation all the way dowhfrom
that point of absolute license to a point of absolute
prohibition by the State Constitution at a low percent­
age on valuation, with also a requirement which is some,
times attached making it obligatory that an irrepealable
ordinance be passed at the time of contracting the debt
All these, and the personal calls made by ourselves and
levying a tax to pay the interest annually and the prinagents in efforts to procure the necessary data with ref.
pal when it falls due.
v
erence to city debts, have served to make that part of
Of course an old and tried community, like New
our work much more troublesome and tedious than we
England for instance, has a character which is a guar­
had anticipated. W ith reference to the many other
anty in itself. Consequently in all such cases the point
matters of interest which our book contains bearing on the
we are discussing by no means holds the same relevancy
general subject of State and municipal affairs, we will
as it holds in a newer community. And yet the in­
only add here that we believe all of them will prove to
vestor must feel, wherever this Constitutional limit and
be of great use to investors, as they certainly are an im­
_ Constitutional tax and sinking fund requirement ex­
portant part of the general plan we laid out at the
ist, that his interests are by this legal form put into as
start, which has occupied so much time in its elabora­
safe a shape as it is possible to have them put into by
tion. And yet, even after all this work has been done,
law. Between this then and the full license previously
we freely acknowledge that our Supplement falls far
referred to there is, as already said, every imaginable
short of our ideal and short of the condition to which
degree of guaranty given by the State or city against
we shall be able to bring it in future months.. Its
an excessive issue of bonds by the municipality.
successors, which we shall issue as they may be needed,
Classifying them, they naturally group themselves
we expect will be as much better than this as labor and
under three general heads. First rank trhose States
money and experience can make them.
which have adopted this Constitutional limit prohibiting
In the meantime, as we said in our announcement
outstanding obligations from ever exceeding 5 or 10 per
last week, it is our intention jvithin a month to begin
cent of valuation, accompanied with the tax &c. require­
in the Chronicle a City and State department. By
ment. Second are those having Constitutional provi­
that method we expect to add immensely to the useful­
sions which forbid any but general laws for muni­
ness of this S upplement by keeping the information it
cipalities and which contain usually a further section
contains always fresh— that is, brought down to a date
relegating to the legislature the duty to enact such
as near the current date as possible.
laws with reference to creating debt, specifying also
that such laws must contain a general limit. Third
are the cases where there are no regulations in the
M U N IC IPAL D EBT LIMITATION.
Constitution, and where consequently the whole status
One portion of this publication which will no doubt
is left with the legislature to determine and settle.
be studied closely, and which will, we may assume, be
It is only during the last quarter of a century that
found to furnish information of decided usefulness, is
these restrictive enactments have received chief atten­
that portion which treats of Constitutional and statu­
tion by the people of our various commonwealths. Of
tory restrictions and limitations on municipal debt­
course even earlier than that special financial experi­
making. This department of our work has received
ences had led many of the States carefully to circum­
special attention, and in its progress has led to supply
scribe the debt-making power.
But after the panic of
ing our office with the latest editions of the Revised
1873 Constitutional limitations obtained a special devel­
Laws of the various States, also with the Constitution
opment, State and municipal burdens proving to be
of each State in every form in which it has stood since the
such a trying feature; amendments adopted during the
organization as a State. In this way we have put our
few succeeding years are found to be quite numerous.
selves into possession of the history of all changes made
Perhaps, though, the most important influence in the
in the fundamental law and statutes of each common
same direction is that which has been exerted by the
wealth, as well as of the facts relating to the present
provisions of the savings bank laws enacted in many
situation. W e freely admit, however, that the results
of the New England and Middle States restricting
as furnished to-day in this publication, though given with
investments in municipal securities to cities of States
no little detail, are far from complete. Indeed we
where debt-making had been rigorously guarded.
found as we progressed that it would be simply impossi
These provisions have exerted a kind of pressure on
ble to cover so large a topic within the pages which
States needing capital for municipal development, lead­
could be allotted to it in this S upplement .
ing to the insertion of a limit in their Constitutions
W e have consequently determined that one of the
in accord with the requirement of these sayings
earliest subjects to be treated in the City and State de
bank laws, thereby procuring a better, because a
partment of the Chronicle soon to be taken in hand
wider, market for their bonds. Thus through an in­
shall be an elaboration and continuation of these sum­
ducement wholly natural and by a method which more
maries or digests of the law which will be found in the
intimate business relations have imposed, the East has
following pages.. W e do not need to assert that the
been quietly inspiring the newer States with such a
facts with relation to this matter are of the first import
degree of conservatism that many of them have adopted
ance to any one about to invest in municipal bond
model Constitutions in all particulars having reference
They lie at the basis of every such security. If a city
to the creation of municipal debt. As a result of
has a right to multiply its outstanding obligations at
these influences few bonds are in better request to-day,
the will of its officers any savings bank investing in its
or are indeed safer, than those issued by cities of some
bonds would be running a risk hardly compatible with
of these Western States which not so very many years
the trust its officers hold, unless perchance the invest­
ment to be made was in a State where conservatism was ago were Territories.
W e shall frequently return to this subject hereafter.
bred in the bone. It may be said that such a city as
In no other wav can we be more certain of enlarging
that referred to is an extreme case. So it is, and yet

would appear simply incredible to our readers were
we to state the number of letters that has been written
and the blanks and circulars that have been sent out,
the answers usually requiring numerous subsequent
applications for further information and explanation.




OctoWr, 1891.

STATE AND CITY SU PP LE M EN T,

the/usefulness of our uew publication. For to the
in/estor in city, county or town securities nothing is
store indispensable than complete knowledge and a
careful study of the Constitutional and statutory pro­
visions limiting or regulating municipal indebtedness.

GROWTH OF STATE BANKS.
Another particular in which the State a n d City
S upplement will be found very useful is in furnish­
ing information regarding the number and kind of banks
and banking organizations in each State and the
extent of their business and operations. No one needs
to be told that banks play an extremely important func­
tion in the industrial body, and that when these agencies
.for carrying on and facilitating trade and commerce are
in position to fulfill their full measure of usefulness—
that is when in number, character, extent and activity
they are able to do the wjrk which they are required to
perform in the industrial mechanism— the welfare and
progress of the sections served will be promoted and ad­
vanced.
The operations of the banks therefore in
any given community furnish at once evidence of the
degree of industrial progress already attained and of
the prospects of further growth and development.
It is within the knowledge of our readers how rapidly
national banks in all parts of the country have increased
and multiplied, and how enormously the aggregate
business of the national system, as reflected by the
items of capital, deposits and surplus, has been ex­
panded. But examination of the summarized state­
ments on banking which we give for the various States
will reveal what to many will be an entirely new fea­
ture, namely a coincident extension and multiplication
of the banking institutions organized or incorporated
under State laws. This feature is observable in the
case of many of the larger and more prominent States,
as well as in the case of some of the smaller ones. We
are not referring now to the trust companies, which in
New York and one or two of the New England States
have assumed such decided importance during the last
•decade. The trust companies are a species of banking
organization, the development of modern times, and
possess as a rule very liberal and elastic privileges.
They do not, however— at least not in the sections in
question— transact an ordinary commercial business,
and this distinguishes them from the regular mercantile
banks, formed to accommodate merchants and business
men.
It is the growth of these State commercial banks to
which we wish to direct attention. This growth, in its
more marked aspects, has been chiefly an incident and
development of the last three or four years. In this
period local banking organizations have been springing
up in many States with really marvelous rapidity, each
succeeding return showing a noteworthy increase even
in those cases where the returns come frequently, some
of the States requiring as many returns a year
as are required of the national banks. In not a
few States, particularly in the West, new banking laws
have been passed especially designed to foster the creaation of State organizations, and in such instances the
multiplication and extension of local banking systems
is not to be wondered at. But even where there has
been no change in the laws, we find that the State banks
have been growing very fast, which would seem to show
taat they are coming into existence in response to a
want in the communities which they have undertaken
to serve.




5

There is no reason to suppose that the promoters of
these institutions have organized under State laws in a
belief that those laws are less stringent in their provis­
ions than the National Act— that they allow of looser
methods or provide fewer safeguards or a lessened re­
sponsibility. On the contrary, some of the new State
laws, under which such a phenomenal extension of State
banking systems has occurred, contain many of the
essential features of the national law, among them the
double liability of stockholders. They also contain pro­
visions for official examinations, and for the filing of
sworn reports of the condition of the banks at stated
periods— in some States, as already said, reports being
required as often as in the case of the national banks.
The motives that influenced the incorporation under
State rather than under national law were doubtless the
fact that no purchase or deposit of United States
bonds is required as a preliminary to organization, and
that the minimum of capital for the State banks is
usually less, allowing of the establishment of smaller
bauks, and other less obvious, though equally legitimate,
reasons.
But it is not our purpose to go into an analysis or
discussion of the reasons for the sudden and extraor­
dinary rise of the State banks. W e wish simply to
direct attention to the fact itself and to emphasize and
illustrate it by figures drawn from the records of several
of the leading States. We may begin with our own
State. Most of us of course are aware in a general way
that in New York the State banks have been getting
very much more numerous, some of the national banks
indeed having elected to organize under the State law
and abandon their national charters. But when we
come to compare the number of State banks in exist­
ence to-day with the number only a few years back, the
increase is really surprising. Consulting the statement
which we give on page 47 of this Supplement, we find
that the last report of the State banks, namely that of
September 12 1891, embraced the returns of no less
than 177 institutions, of which three were private banks.
Going a step further, we see that on December 24 1885,
less than six years previously, the number was only 92,
so that in the interval there has been an addition of 85
banks. The total capital of the State banks now is
$31,645,700, whereas at the end of 1885 it was only
$21,850,700, and the deposits aggregate $182,802,322,
against only $140,690,489.
It should be understood that this covers merely the
ordinary commercial banks; that the trust companies
and the savings banks, which have made equally strik­
ing growth, are not taken into the account. While the
State banks in this period have increased their deposits
over 42 million dollars, the national banks in the
same time have increased their total less than 5£ million
dollars; and while the former have added nearly 10
millions to their capital, the national banks have added
only a little over 4^ million dollars. Moreover, there
were only 7 more national banks in New York State in
1891 than in 1885, whereas, as we have already seen,
there are 85 more State banks than at the earlier date.
In selecting 1885 for purposes of comparison, we have
not taken a period calculated to show the growth of the
State banks to special advantage, for at that time the
growth had already been in progress for some
years.
On September 18 1880 there were only 68
State banks, against the 177 at the present time,
and capital then was only $18,738,200 against
$31,645,700 now. A t the earlier date the deposits
amounted to but $>61,795,773, and two years previously,

6

STATE

CITY S U f fiE M E f S T ,

that is on September 21 1878, they were no more than
$50,540,621; now they aggregate, as already stated,
$182,802,322. It is worth noting, too, that during the
present year the formation of new banks has been going
on about as rapidly as at any previous time, there hav­
ing been an addition of 13 banks during the six months
from March to September 1891. W e have stated above
that in many of the Western States new laws for
the organization of banks have been passed in recent
years, and that some of these contain the provision for
the double liability of shareholders which is a feature
of the national law. In New York State this double
liability does not exist except where the banks are
banks of issue, which they never are.
Superintendent
Preston in his last report urged the Legislature to
amend the law so as to render stockholders of all banks
liable for double the amount of their stock.
No State, however, has made more marvelous growth
within a brief period of time than the State of Illinois.
The record there, indeed, is phenomenal. As will be seen
from our remarks on the State's banking operations
(page 97), a new law apparently designed to foster the
creation of local organizations and bring all the pre
viously-existing banking institutions under the super­
vision of the State authorities, went into force Decem­
ber 6, 1888. The effect has been such as few persons
could have anticipated, and is well illustrated in the
reports of the officials charged with the duty of collect­

l iii.

great expansion in the number and operations vf the
national banks during the last five or six years. T*ere
are 201 of these organizations in Illinois now, agaitet
only 166 at the end of 1885. Deposits in this period
have risen from about 66 million dollars to about 116
millions, capital from 25£ to 36 millions and surplus
and profits from 10£ to 19£ millions.
If now we look at the showing for other Western
States, we find the same general results. Take Wiscon­
sin for instance. There the law does not appear to have
been materially altered in recent years, and yet there are
now no less than 91 State banks against only 50 at the
end of 1885, while deposits amount to 37£ million
against only 16 million dollars. National banks have
also increased in the interval, but not to the same
extent (there being 70 such institutions in the State
now, against only 49 at the earlier date), and while the?
State banks have added 21 million dollars to their
deposits, the national banks have enlarged their total
less than 12 millions. The growth and multiplication
of the State organizations has been especially marked
during the last three years, as will be seen by the fol­
lowing.
W isconsin State Banks . No. o f banks. Capital.
$2,462,200
50
July 6 1885........ .................
3,821,100
64
July 2 1888..........................
4,509.300
80
July 7 1890..........................
4.761.200
85
Jan. 5 1891....... ..................
5.161.200
91
July 6 1891..................... .

Deposits.
$16,026,614
30,648,16i
31,890,877
37,304,842

In Michigan also State banks have multiplied
with great rapidity during the last two or three
ing the statistics. It is proper to add that the official
figures include trust companies and savings banks, years. A new banking law went into effect January
7 1889, and the Commissioner in his last report,
these institutions in the West usually exercising some of
under date of December 31 1890, remarks that the
the functions of ordinary commercial banks. When the
first return was made under the new law, on February State is to be congratulated upon having so good
a banking law— one which after a trial of two years has
15 1889, there were only 26 organizations altogether
been found satisfactory to the large number of flourish­
in October 1890 the number had increased to 50, in
ing banks organized under it and to the thousands of
June 1891 to 68, and on August 20 to 82. That is,
depositors who have patronized them and been benein the short short space of 2^ years the number of State
titted by their incorporation. He states that in Janu­
banks, trust companies and savings banks has increased
ary 1889 (when as already said the law went into effect)
from 26 to 82, and of course the operations of the banks
there were 80 banks incorporated and doing business
have increased correspondingly. In February 1889
under State law, with total assets of $38,963,417, while
capital was $5,83 1 ,0 0 0 ; October 1890, $10,212,500;
on December 19 1890-there were 106 State banks (the
June 1891, $1 3 ,0 8 2 ,5 0 0 ; August, $15,412,500. De­
savings banks are included as in other Western States)
posits in the same interval have increased from 23£
and 2 trust companies, with assets of $56,950,395.
million dollars to 59£ million dollars and aggregate
Since the date of that report there have been further
resources from 34^ millions to 85f- millions— all in the
decided additions, and on July 9 1891 there were 117
space of 2 years. The record is such a noteworthy one
banks and 2 trust companies, with total assets of $61,that we furnish below a tabular summary showing the
910,047. Deposits aggregated 47£ million dollars, of
various items in the aggregate balance sheet of the in­
which nearly 30 millions were savings deposits. Michi­
stitutions at the dates already mentioned.
June 1 ’91. Aug. 20 ’ 91. gan is one of the States that has incorporated in its
Feb. 15 ’ 89. Oct. 8 ’ 90.
I llinois State B anks (26 banks.) (bObanks.) (68 banks.) (82 banks.) statutes the double-liability provision of the national
and T rust Co’ s.
$
$
Capital stock paid in ... 5.831,000 10,212,500
Surplus fund................ 2,338,587 3,427,144
Undivided profits........ 1,003,170 1,705,918
3,660
13,737
Dividends u npaid........
Savings deposits.......... 3,269,195 14,049,855
Individual dep osits....17,277,200 29,069,385
Demand cert, of dep.... 1,062,420 2,493,755
Time cert, of deposit... 1,380,285 3,853,979
Certified checks...........
400,331
353,109
Cashiers’ checks...........
340,631
560,6o7
Due to other banks....... 1,120,454 3,085,160
Notes & hills redise’t’d.
89,441
............
138,051
'" I " "
Bills p a ya b le................

13,082,500
4,308,780
2,181,224
2,148
15,947,712
33,597,367
2,569,560
4,272,607
931,809
575,224
3,653,610
| 264,200

15,412.500
4,506,700 law as applied to stockholders.
2,049,040
Indiana is another State where the growth of State
5,923
16,732,946 banks has been quite a feature, though there the opera­
34,398,348
3,027,637 tions of these institutions do not reach such large pro­
4,723,568
497,613 portions as in the States already mentioned.
The
611,345
3,666,287 Bank Examiner in his report dated October 31 1890
(

)

8,000

14,000

Total.........................34,254,425 68,825,199 81,386,741 85,653.907
$
$
$
$
Loans and discounts.. .22,189,821 48,025,616 55,415,470 58,440,534
193,821
162,678
Overdrafts........................
203,308 255,200
135,684
125,614
481,764
United States bonds —
101,704
Other bonds and stock. 1,793,653 4,217,865 5,340,391 5,736,882
5.513,605 7,453,084 6,902,785
Cash on hand................ 4,206,118
Due from other banks . 4,228,717 8,351,450 10,738,758 11,808,798
180,727
155,001
Banking house................
216,423 131,^34
197,076
194,215
273,585
Other real estate..........
»02,988
138,394
123,699
86,198
Furniture and fixtures.
74,048
167,171
278,747
119,902
Current expenses........
142,569
1,280,714 1,308,302 1,714,274
Checks &oth.oash items
418,998
37,761
90,782
70,773
Collections....................
102,001
16,593
Miscellaneo us....................
74,07/

remarked that, whereas the report for the year 1887
showed 32 banks doing business under the “ welldevised and guarded la w " of Indiana, with capi­
tal stock of $1,742,500, in October 1890 there
were 53 banks (not including savings institutions)

(< all
prosperous
and
sound,”
with
aggre­
gate capital of $2,486,184. Such increase the Exami­
ner is prompted to say, is an endorsement of Indiana's
banking system “ far better than simple words of
“ praise besides, other evidences are shown, he adds,
Total............. ...........34,254,425 68,825,199 81,386,741 85,653,907
of the “ thrift and increased prosperity of our State
The sudden growth and prominence of the State
“ bank institutions, which must prove gratifying to
organizations is all the more noteworthy in view of the




O ctob/ 1891.
~~r

'

.

S fA T t

-

_____
“ e v /y citizen of our S tate." The deposits of the 53 the Secretary of State for Oregon, informs us that such
bafks October 31 1890 were $5,160,731 ; in Novem- has been the case in his State. Of course, amendments
Jp* 1884 the 27 banks then doing business under to Oregon's Constitution have been proposed, but, as
State law had only $2,360,961 deposits. The savings said above, they have not" found public favor. There is
banks are given separately. There were 5 of these probably no other State in the Union with so unique
October 1890, with $3,552,099 deposits.
and conservative a record.
In Minnesota the multiplication and expansion of
Among new State Constitutions, that of Mississippi,
the State banks has been one of the noteworthy charac­ which was adopted Nov. 1 1890, probably con­
teristics of the recent banking history of the State. tains the most striking characteristics. One of the
During the last three years there has been a steady features of that Constitution is that it provides for
addition to the number of the banks and to the extent quadrennial sessions of the Legislature— that is, sessions
of their capital, deposits and resources. The following once in four years. During the last one or two decades
brief summary reveals the situation at a glance.
biennial sessions have become quite common. Oregon,
Minnesota State Banks. No. o f Banks. Capital.
S e i 8 l l l f l ........................
$5,733,000
July 1 2 1 89 0 ........................
51
6,308,000
15
6,913,700
Jan^ 1 0 1 8 9 1 ........... ............
A o r ill4 1 8 9 i.......................
II
7,491,000
• .pru 1 4 1 88 1 ......................
“
86
7,601,000

Deposits.
$14,702,727
15.553,319
18,975,459
19,628,033
20,007,663

Thus from 61 banks June 1888 the number in­
creased to 67 August 1889 ; to 76 July 1890 ; to 84
January 1891 and to 86 April 1891.
In the same
interval capital rose from $5,733,000 to $7,601,000
and deposits from $14,702,727 to $20,007,663. In
June 1885 there were only 34 banks, against the
present number of 86; capital then was only $3,854,-

by the way, just referred to as having kept its Constitu­
tion unaltered since 1859, was one of the first States to
provide for biennial sessions ; but there is no other State
which has yet adopted the idea of quadrennial sessions.
It is proper to add that though under this new Constitu­
tion the Legislature meets in regular session only once
in four years, the Constitution provides for what are
called special sessions at the end of two years thereafter.
This would make the sessions practically biennial, but
at the intermediate sessions the making of new laws is
forbidden, the subjects for legislative consideration
being limited to revenue and appropriation bills.

500 against $7,601,000 now, and deposits at that time
were but $8,310,120, while for 1891, as we have seen,
One thing is very evident from the Constitution,
they are $20,007,663. The operations of the savings
namely that the people of Mississippi do not believe in
banks are not included in these figures.
pensioning public officials. Section 272 says that the
In Iowa the story is much the same. There were
Legislature shall provide pensions for indigent soldiers
105 State organizations (not counting the savings
and sailors who served in the Confederate Army or Navy
banks) June 30 1890 against only 50 in the year
during the late war and to the widows of such soldiers
1885, and capital was $5,299,243 against $2,896,043,
and sailors. On the other hand Section 92 says that
and deposits $9,437,205 against $4,238,226.
In
“ the Legislature shall not authorize payment to any
Kansas a new law for the incorporation of State banks
“ person of the salary of a deceased officer beyond the
went into effect March 21 1891, which according to
“ date of his death," and Section 93 goes still further and
newspaper reports has had a remarkable effect in
says “ the Legislature shall not retire any officer on
stimulating the organization of local banks. We have,
pay, or part pay, or make any grant to such retiring
however, no later figures than those contained in the “ officer."
last report of the United States Comptroller of the
A property qualification and also an educational qual­
Currency and brought down to June 30 1890.
ification are required of electors before they can exercise
Even at ^ that time, however, 224 State banks
the right of suffrage. The property qualification con­
and banking institutions were reported in opera­
sists in the imposition of a regulation poll tax which
tion against only 54 at the end of 1885 ; capital for
every one must pay as an antecedent to the privilege of
1890 is given at $8,261,140 against only $2,149,221
voting. The educational test has not yet gone into
at the earlier date, and deposits at lO f millions against
effect. Section 244, however, provides that on and
4 millions. And so instances might be multiplied, the
after the first day of January 1892 every elector shall
extension and increase of the State banks being
in addition to all other qualifications be able to read any
the more remarkable in many cases because of a coinci­
Section of the Constitution of the State ; “ or he shall
dent increase and development of the national banks.
“ be able to understand the same when read to him or
Under the proper heads the State a n d Cit y S upple­
“ give a reasonable interpretation thereof." A new
ment gives the figures for each State for 1890 or 1891,
registration is required before the first election after
and, where possible, also comparative figures for 1885 ;
this provision of the Constitution goes into force.
to these the reader is referred for further information.
While as in the case of other States, the Constitution
(Section 18) declares that no religious test as a qualifi­
cation for office shall be required, and no preference be
CHARACTERISTICS OF A N E W
given by law to any religious sect or mode of worship,
CONSTITUTIO N.
on the other hand Section 265 debars any person from
Some States change their Constitutions very frequent
holding office in the State who denies the existence
ly. Some do not change them at all, not even by
of a Supreme Being. As to the removal of judges
amendments—-or, to be more correct, efforts to engraft
from office, Section 53 says that “ for reasonable cause,
amendments upon them have not been successful, the
“ which shall not be sufficient ground of impeachment,
people at the polls refusing to sustain the proposed
“ the Governor shall, on the joint address of two-thirds
alterations. It is certainly a remarkable fact— and to
“ of each branch of the Legislature, remove from office
most persons, no doubt, will be a new and surprising
“ the judges of the supreme and inferior courts."
met that a State which has been a member of the
Apparently to guard against hasty action and to
Federal Union for over 32 years, that is since 1859, stil
ensure careful consideration of the appropriation and
has its first Constitution unaltered, not a single amend*
revenue bills, it is provided (Section 68) that no such
ment to this original statement of the organic law
bills shall be passed during the last five days of the sess*
having been made. Yet the Hon, George W . McBride,
low No new bills of any kind oan be introduced duriM




STATE ANO CITY S U p f i t W t N T «

Vvl. L U I

reconcile conflicting interests. A case in pointcame
the last three days of the session. A t the regular or
up in Michigan last year under the new banking law
quadrennial sessions of the Legislature, appropriation
which went into effect January 7 1889, and is referred
bills shall be given precedence in both Houses over all
to in the last annual report of the State Commissioner
other business ; at the special or intermediate sessions,
The law requires that savings banks shall keep 51 per \
as already said, none but appropriation and revenue
cent of their deposits invested in bond and mortgage
bills can be considered. In addition, Section 69 de­
on unencumbered real estate, or in United States,
clares that general appropriation bills shall contain only
State, city, county and town bonds, or in loans secured
the appropriations to defray the ordinary expenses of the
by such bonds as collateral. The commercial banks
executive, legislative and judicial departments of the
however may invest their capital and deposits in com
Government, to pay interest on State bonds, and to
mercial paper or loan their money out on personal
support the common schools. All other appropriations
security, while being limited in their real estate invest­
are required to be made by separate bills, each embrac­
ing but one subject, and “ legislation shall not be ments and loans.
The question arose whether a bank in issuing certifi­
“ engrafted on appropriation bills.
,
cates of deposit must enter the same as savings deposits
Altogether, the new Mississippi Constitution, while
or whether they could be treated as commercial de­
it contains ¡ome novel and rather exceptional provi­
posits. The Commissioner ruled that under the law
sions, also contains some meritorious ones which other
all savings deposits must be entered in a pass book, and
States might copy with advantage.
hence that certificates of deposit must be classed as
commercial deposits. The matter is not specially im ­
SAVINGS DEPOSITS VERSUS COMMERCIAL portant and has no general significance or bearing, since
the statutes of each State must be construed separately
DEPOSITS.
and independently. But it is rather noteworthy that
In many of the Western States savings banks in
the decision did not cause general satisfaction among
their pure form are unknown. The savings banks
the banks. The Commissioner points out that the ruling
that do exist usually combine the functions of a
met with the approbation of bank officers in lumbering
commercial bank with their business as places
and mining districts, as it lessened the amount of sav­
for the receipt and care of savings
deposits.
ings deposits to be invested on mortgage security, which
Such a policy is in conformity with usage and
in those localities is difficult to obtain, and increased
custom in those sections and apparently well suited
the amount of the commercial deposits, which, as already
to local needs, and the law specifically sanctions
stated, can be loaned on mercantile paper— a kind of
it in many States. Taking cognizance, however, of
investment easily acquired.
#
the difference in character between a savings deposit
But while the decision pleased bankers in the districts
and a mercantile deposit, the law very properly seeks
mentioned, on the other hand bankers in other parts of
to afford special protection and security to the former,
the State, the Commissioner declares, did not like the
and hence imposes limitations and restrictions as to the
ruling and thought it was to their disadvantage. They
wav in which the money shall be employed, prescribing
desired that certificates of deposit should be classed as
a totally different class of investments from that
savings deposits, because then they could loan the
allowed for the commercial deposits.
money on mortgage security, this being both desirable
The plan is not subject to criticism, but sometimes a
and plentiful in the farming districts. Thus there
question arises as to what are to be considered savings
were legitimate reasons in both instances for wanting a
and what commercial deposits, and where this happens
special interpretation, and the case is interesting chiefly
conflicting interests are apt to lead to widely-diverging
as showing how widely different the needs of different
views.
The distinction between the two kinds of
parts even of the same State may sometimes be. The
deposits is not as simple as it seems to be, and it is not
Commissioner recommended that the law be amended
always easy to determine in which category the law
so that certificates of deposit “ subject to tlm rules gov­
intended to put some special form of deposit. Obvi­
erning savings deposits” be classed as savings deposits,
ously everything depends upon the provisions of the
and that demand certificates, whether bearing interest
statute or its plain intent.
But the law may be
or not, be entered as commercial deposits.
obscure, and in such cases it is exceedingly difficult to




D e b ts

and
O P

R esou rces
TIE aiIE ï

I3ST

NEW

ENGLAND

. .
INDEX FOR THE N E W ENGLAND SPATES, CITIES , Etc.
M A INE —State, Citios fro
n
A
N E V Î A . V I P 3 H I R " l * .............. ag6S 9 t0 ^ M A S S A C H U S E T T S -S ta te , Cities, &c
• 0.LKÜ, State, Cities, &o............. Pasres 13 tn iß RTrenp tot a »m
3
VERMONT— State Cities
^ “
6 to 16 RHODE ISL A N D -State, Cities. & c ...
______ ^
6’ Cltl68> &C...................- •••Pft* » « to 18 ICONNECTICUT—State, Cities, & c .........

State of Maine.

Pages 36 to 37
Pages 38 to 44

I dj*aPPear>for as rapidly as it fell due, or oould be bought on reason
J » 6 X m “ t o “ ,^271,285.*°“ h“ Tine 666,1 tt6 ,e W8J‘ redM6d »>•
The only other notable change in Maine’s public debt which we need.

ITS

D E B T , R E SO U R C ES, E tc .Admitted as a State (Act March 3,1820)
lotai area of State (square miles)
State Capital
.
.
.
.

. . . . Pages 19 to 35-

ournavn"w armaS
8U
l>8e<luent to, *>nt in oonsequence o f ,
our Civil War. There were a number of these loans, the last being the

March 15, 1820 was oMained th r o u ^ h f1 ° f maaioipal war debt,” the right to issue which
1
.
oo A^n S s
f n r lif
an amendment to the Constitution of the State in
1868. A provision of this amendment was that the bonds thus author
'

ized should not exceed $3,500,000, and the highest issue reached under-

Governor (term expires 1st Wed. Jan., 1893), Edwin C. B u d X h
Secretary of State (term expires *Jan., >93), Nicholas Fessenden
Treasurer (term expires *Jan. >93),
.
George L. Beal
Legislature meets biennially in odd years on the first Wednes

$3’ 352’° 00- 011 the la8t
ot Decem ber,
+ Waa reported at $8,100,000, and all but about.
f0r purpose8 connected w itl,
tne war. Since then the reductions have been large, the total outstand-

* Is chosen byU ary’ and there is 110 limit to length of sessions,
Jt n Legislature.
T

t f ^ n f $2,602,300, the details° of which are as°below. 1891>c o interest-:
1 V h6 flr9t day f Jan” It is an u n t in g
only s f 6026300f
ng fact, indicative of the high credit of the State, that in March, 1889
on advertising for proposals for the purchase of $2,560,000 bonds"

H ISTO RY OF DEBT.—The district of Maine belonged to Massachn
setts until admitted as a State in 1820. At that time the debt of Mas­
sachusetts (contracted mainly during the War of 1812-15 with Great
362 S 1 m * purpose of aidin* the Federal Government) was $678
1
separation *mF r l T eu 0ne-tWrd’ or * 226’ 12< of this debt, at time of
>
ntss untd
tll' B
ibeg™ 1 Maiae gradually increased its indebt^
r : : in +0Ii D6C6mber 31> 1841‘»when it reached $1,734 86147
These additions were contracted (1) partly for an insane hospital- ¡I\
hnrdA7 ^ m ? ary S0h00l8: (3) partly for expenses incurred under the
0I Pni
er difficulties; (4) partly to encourage agriculture
8 baS* 0bj? ct was uniaue in character. The climate of Maine beimr

S
5
$350 000 f i b f

p r e ^ f
a nntnK

a ^

H

o f th^

0 lTam° ant WaS tak6U at a considerabte
June issue at 103^ and $884,000 o f

1^89 anfaliTbTf a t l °3\ paid was refunded intomatured *
1889, and all that was not TbeWb°le 8tate debt the following loans

payable by instalments, part each year.
- Interest.— .
—
Amouln
LOANSWhen
Principal,
Outstand­
NAME OR PURPOSE.
P.Gl. Payable.
When Due.
ing.
Loan of June, 1889 “ A.”
& -n 5 June 1, 1891-1901
$363,000
” l $33,000 yearly.
Do
Class “B.”
&
1902-1911;
500.000f t $50,000 yearly. \
---"I''” ”
Do
Class “ C.”
& D \Jane 1> 1912-1921 >
500.000j $50,000 yearly. 5
cMefly o S el d ° t o 8?’1 U
C htUre tl16 activities of tbe P ^P le at the time were
Do
omeny oonflned to lumber, navigation and flshina- Rnt th«
Class <D.”
& D June 1, 1922-1929)
280.000$35,000 yearly. ,
ment indulged the belief that it was for the interests of fh« s+ + ±
LoanofO ot., 1889 “ A.”
& O Oct. 1,1891 to 1901)
187.0001 $17,000 yearly, c
Do
Class “ B”
& O- Oct. 1,1902 to 1911)
200,000
$20,000 yearly. C
Do
Class “ C”
& o| Oct. 1,1912 to 1921)
bounty paid $87,352 3
0
;
a^d tee ’
280,000*
$28,000 yearly. (
Do
Class “ D”
& oj Oct. 1,1922 to 1929 )
24.000
$3,000 yearly.
5
Bonds to State College
& D
June 1, 1919
118,300
^ Do
do
do
.;
& D
July 1, 1917
100,000
Bond to Insane Hospital.
& D
July l , 1917
50 .00 0
Fortunately, when this burden had become so considerable « new
PAR VALUE OF BONDS -The bonds issued in 1889 are for $1 ,00 0
source of income came to the relief of Maine. In the course of the con­ or multiples thereof.
troversy between the United States and Great Britain in relation to Z
INTEREST WHERE PAYABLE.—State Treasury, Augusta, Me
Maine boundary, moneys were received by a-ents of G re^ n i,+
which w ereparried to a fund called the “ ¿ s p i e d i e r r Z y fu n d “
B hI°8
TMata°,Et o I ’ , S T ! N , FUND- * C .- T h e subjoined «tatement
A
“
d6b‘ 6,1 t66
" f Jam“ “ -5 «* « “ > » '
r
*
States6
° Washmfft0n thatfund was accounted for to the United i t r t w o “ e a

payments, and o f other revenue incidental tn
f s s t f r From toaT d" £ T

1

*

Trea8ur^ of Ma™ o n T L . T “

highlV prosperofis and progress ^ r l f d ^ A n T 8

f these
^

Stat6 W
ere thev a r e t o f u f 3’
aS the yearly lnstalments of the debt mature
. are to be paid out of income from taxation.

the enlarged income from public lands their
f ®ature was
their value increased by the settlement of the bA*! acilItated an(i
Altogether, a debt that had so recently looked so formidable b ega n fo

amount *0! t h i f debt in f^ t o flc t io l of th ^ e fa to Sand one .«oft® / t Ce
sum was given to Maine. (Amons- the
d one-third of the
tbel IP 8- Government this item will befound $678,362 41.) See 1 8 of
1 Finan^
«ia Report, 1871, page 4.
unu, ‘g678,3fil a i ^61^1 *1

(2)




f ailuary’ 1889> tbe> debt amounted to $3,967,900. At the sama530 : : ; C ; atiOD8 0f the 8inking
r
valued at par were $972,S
a11 of which was appued to the redemption of bonds. There ia

d e t m S n ?+ VA.L UA7 10 N ■ The Sta*e’s assessed valuation has been !
~
188l T h ! - f mterI al8 of ten years, the last rating having been in .
a w l « ? \ ain° lmted t° $235,600,00°. On this valuation the tax
1888 so tat.e r rp09e8 haS been: In 1889' 90- $2-25 per $ 1,0 0 0 ; in1888-89, 1887-88 and 1886-87, $2-75; in 1885-86, $3-75; in 1883-84, $4.,
DEBT LIM ITATIONS.—A few legal maxims, of a more or less senral application to the law as it exists in manv of the States, m ay-

Vol. LUI.

STATE AK & CITY S U f f t E M E K T
_
________________

10

aonronriately appear in the remarks with regard to debt limitation in
pp P o that state is given first in this volume. For there are
implied* powers and restrictions, as well as powers and restrictions
S p r lfs e d T n the State’ s Constitution and by le g i^ t iv e jm a c t ,
n Jn t which regulate and control the borrowing of money and
the issuing of bonds by municipal corporations. ImPlied P ° J ^ “ d
rionslv recognized in different States. If the issue of bonds is maae
for th!purpose of paying contractors for authorized l ^ t o a t e ^ w o j
o r for paying legitimate corporate debt, it has genera y
Gained, Although the statute in terms —
X
«
“
issue- at the same time the Court in delivering its opinion draws a
distinction between issuing bonds to pay for the improve“ ^ ^he im-

dends of not less than dee per ° e^
^ ® ^ tgages of real estate in this
(10) And may invest by loan on n r s ^ m o r t ^ o f its value;
State and New Hampshire not. e ^ ™ ^ n 0tberey
n
0fV
and may loan to any county, c1 .™ ^ '^Yèdge as collateral of any of the
^
(11) And may loan ? n “ °Ìfn v i n ^ tank deposit books of any
™
aforesaid securities, ^eluding sa
of any oi said railroad cornsavings bank m tne State, and th
c
the market value of such
panies, not over seventy-five per cent
’ a°a Aud may loan to corporations Having real estate and doing business in this State.
Q rUA/ieA or mortgage of such other pers o S p » » B M
f S 9 S trustee* 1. Is safe and tor tbe

or site for baiHfiiHa purpos >
, jA
iiarfl Th An follow
building must not exceed one hundred thousand dollars. Then follow
1,16

two other sections, both of which a r e h o l d ,
by way o f
SECTION 10 2 ,-N o such bank or in
ore tlian one-fifth of the
investment or as 8ec^ E * ation ^iór invest more than ten per cent of
oapital stocknot any corporatio thousand don ars^ in the oapftal stock in
da
its deposits, of exceeding s ^ ty
of itd e p 0 8 ite of

S Y A 1 to e ^ Ìo T u Ìo "iu T m e n t0V
seoure Sebts.

. _.

debts or in settlement, to

^ftn0sit on call in banks or banking
state or the laws

SECXi N 103.—Savings¡banks may deposit on

« A * “ 7 n, titu ti0 N S

B A N K S-N ATIO N AL, ST A TE A N D SA V IN G S ^ S T U U T W N S .

-Banks have not increased much in number o

S
r

r
r

r

J
i

i t
: r

—

r

.W
: x

^
r

. “

g

r

: L
banks in Maine in the ordinary sense.

S

t “

P nationaI and

last six years, but the additions to the ep0
We give qr8t
savings banks have in the same period been quite large, w giv
the figures for the ordinary commercial banks.
,________ 1885.Nalional.
■ W
u
T 91- 1 5 T
" iS S K E
(Dec. 24,’ 85.)
M aine.
(July 9, ’91.)
71
$10,360,000
2 B E S F 0? . anks:.'" . $ 10,935,000
:::::::
3,837,631
Surplus and profits... |,205,6|3 .......... 9,323,093
certain banking privi-

Le S la tiv ,

p“ Î Ï Ï " i e now too Srmly MtoblWmd byjddtoial decisions to require

and their deposits heavy and steadily increasing, ^
Savings Banks.

Nov i.

Nov. 2.

18?5<

JgV

Nov^ 1.

^umberoldepositors 140,521
^ 2 7 7 ^ 6 7 6 $30,757,051
Amount of deposits.$47,78 ,
” 2>
^54 433
2,013,600
1>
153,onA
S T s l d ^
excess ot such Umitation are^absolntely 7 « ^
In Surplus and proflts.
3,016,753
288
304
Maine the amendment to the constitution to o t effect Ja.a ^ W 7 8 , a
Average each deposit
companies in 1885, the total
is in the following form and words. «A rticle X X II. Limitation oi
Assuming that there w^re
^ hanking privileges
" Municipal Indebtedness. No city or town shall create any debt or deposits in all
year (1885) to $62,082,780 in
"liabilitv whioh, singly or in the aggregate, with previous debts or
«b i growth to deposits Hu. been nearly dO
"liabilities, shall exceed five per centum of the la^ L ^ W ^ f thS
" o f said city or tow n ; provided, however, that the adoption of this
"a îticÎe shan not be construed as applying to any fund received m Pl^ r o n r A ^ O N ^ O F S T A T E .-A s noted above, Maine was not
- î m s t by the !aid city or town, nor to any loan for the purpose of ,dis z L i r ? u t o ^ m s8 i a
a
** renewing existing loans, or for war, or to temporary loa M t o bepaid
151,719.
date
a out of money raised by taxation during the year m which they are
" Ü
” The meaning of the foregoing is obvious aud needs no com
mrf\/iw r<5 RANKS’ INVESTMENTS—POW ERS AND RESTRICT l^ yS ^ -T d® *rtatutes of this State are in some respects quite liberal
to the ktQi s of investments permitted. A suggestive fea t
are is Z
these institutions for savings to deposit

i i i o . : : : : : . .. . . ^ | , 9 3 i 6

1

........ 228705

1i k e smali decrease in pop^atioh, tostbad of
I860 to 1870 is due wholly to the Civil Warmany died
came not alone from actual casualties whiderin th
^^
Qr two
who were discharged sick,
and hardafter the war closed from diseases
domestic life of so many
S

s r Æ

Æ

â

r s

-

- , 0 9 1 , or

s

«tatutes are rigorously strict in ail administrative matters, such as
making reports, submitting to examinations, disclosing every detail as

•
—
rate o i
INTEREST RATE A N D tUS t^ h e r e is n o limit to the rate allowed
b
interest in Maine is 6 per cent, but
penalties beoame
^ The general provisions respecting investments are found in Sec. 100 by contract. With every rate made lawful usury pen
o f Chapter 47 of the Revised Statutes of the State, and are as follows ; unnecessary, and consequently there are none.
K lOO.-Savings banks and institutions for savings are

re(lM !fh ^ u w 1 c “
8
h f Tny oYthe New^England States, including
bonds of the counties, citms^ n d ^ ^ 9s tfa£ eaX D istrict of Columbia.
0
8
incorporated
under authority f * ¿his State or o f jh e

i

ed in aid of rauroads;

STATE
A U B U R N .— A. R

T owns

OF

M A IN E .

S a v a g e , M ayor.

Auburn is in Androsooggin County

When Due.
LOAN S4s, J & J $23,500. ...J u ly 1,1904
15.000. .. .July 1,1905
4s, J & J
18.000. ...J u ly 1,1906
14.50 0 ....July 1,1894 4s, J & J
10 , 000 . ...J u ly 1,1907
5,000. . . . July 1,1897 48, J & J
14.000. ...Ju ly 1,1908
10,000. . . . July 1, 1898 4s, J & J
13.000. ...J u ly 1,1909
15,000. ...J u ly 1.1901 4s, J & J
17,300. ...J u ly 1,1911
15,000....J u ly 1,1902 4s, J & J
25,00 0 .... July 1,1903

LOANS—

Mft’ y t e n the^nuniofpal indebtedness °I such city or county exceeds

and

IN THE

inbabitant8, or

ana, ’Kentucky, M i^ igan ,W isw nsm ^m inn cs^
^ eaoh of tbe
souri, Kansas an*! Nebraska,
d
0f counties in the said states

above-named states, and m the bona^ o

Cities , Counties

»T ff

When Due.

five’per cent of
va} £ atL ° \ OTld8 0f any oooapleted railroads of the s l’ j & J
5a’
J
(5) In the first >£0. teag ? J ? ^ t h New Jersey. Kansas and Nebraska, 4a’ J & J
r
J&
states above named^together
^ td6 o entral Pacific, Union Paciiic
and in the first “ ^rtgaoe b (is o
railroad bonds of this State, 4s, J & J
4s J & J
and Northern Pacific ra^oads, anu
railroad in New England.
4s, J & J
i?î ÏS f f i s
K
k
s
t »Spiny in tula State nntoenmbered
I»
T O T A L DEBT, SINKING FUND,
f ^ > $75 o o o t net debt»
U
T i „ t ioQi waa *218.500; deduct, sinking funa, it>/o,uuv,
X M l S r a t m o r t g a u « .b o n d s o,
The atoktog fond Utoveated to Lewiatoa 4 Aaburm Badactually engaged m supplying to any Ry,
than twenty-five hun- i X i l O
or other municipal corporation having
the extinguishment of L d S r tiaving 6 per oenA The city has no water debt.
dred inhabitants, water for domestic use anu ioi




October, 1891.
l i
*~9 VALUATION.—In 1891 the assesse d valuation of real
Yearx
J tfn t
$5 719 7^ ^ t938’ 5! 3 ' of personal Property, was $1,180,792; total 3Ron '
................ « 7>^ 1’830
uatlon’I f ; fiJ aX+ 6 (P6r $1’° ° 0) $2° '00- In 1890 tbe assessed valri
................ 6.955,250
^oo oon
««
WaS $4’000>
000: of Personal property, $1,................ « ’ tt H ^ q
J l o Z ooo Tax rate (per $1,000) $21.
T $5’ 2t ° ’0000
n a t i o n was g ^ n as 1887................ 6,771,048
$iu,ooo,000.

Personal
P™perty.
$3,158,288
2,999,400
2>908,427
2,858,872 ’

Total
Rate o f Tax
Valuation, per $1,000.
$10,310,118
.....
9,954,650
..................
9,773,582
21-60
9,629,920
22-50

^.j^AX FREE. All issues of this city’s bonds are exempt from taxa-

POPULATION.—In 1890 population was about 19,090; in 1880 it
was 16,856; in 1870 it was 18,289.

o ^ ® p U*-ATION.—In 1870 the population was 6,166; in 1880 it was
9,556; in 1890 it was 11,253.

EXPLANATORY OF BON DS.—The funds for the payment of inter
est on the European & North American Railroad Company’s bonds are
provided by the Maine Central Railroad Company, which leases the
road. Since October, 1886, as said above, the Bangor & Pisoataquis
Railroad Company has paid its coupons to the city in full.

A U G U S T A . — J ohn W . Chase , M a y or.
This city is in Kennebeck County.
The debt of Augusta was created mainly for city improvements. The
loans in detail are shown in the following:

S S - B ’SfcBpi'
d
do

r s t& fiiu .
|

f I i

........................... 4
.......................... 4

& LT& .

3 ®

J,& 18i 5
l,*iVo205

B A T H . — F ritz H . T wttchell,

M a y or.

Bath is a shire town o f Sagadahoc County.
The lease of the Knox & Lincoln RR. in September, 1890, brought
the City of Bath $486,000 of 4 per cent bonds and $74,820 in oash At
the same time the Maine Central Railroad Company has been paying
Androscoggin Railroad Company’s bonds as they mature, so
that the city’s financial position is good. Its debt in detail is as
follows :—
. „ ____
<
-----Interest.—
Amount
LOANS—
Rate
When
Principal
Outstand­
NAME AND PURPOSE.
P. Ct. Payable.
When hue.
ing.
K. < L. RR. stock............ 6
fe
A & O
Oct. 15, 1898
$121,000
Municipal bonds..........7 5
J & J
July 1, 1897
78.000
do
do ............. 419 J & J
July 1, 1907
100,000
do
refunding. 4
J & J
July 1, 1921
374,300
Old Ladies’ Home........... 6
1908—1978
14.000
Railroad Aid Bonds—
Androscoggin R R ....... 6
A & O
Apr. 1, 1893
25.000
Knox & Lincoln R R ... 6
J & J- July, 1891, to 1899,; 111,250
part each year. '
do
do
6
P & A
Feb.. 1. 1902
138,500

-

* 1 «

J & J
July 1, 1900
6,000
P & A.^F^ 4 5' 1892to’9 7 ?
( ab’t $2,500 yearly (
15,000
do
.......................... 4
f & A $ Feb. 15,1905 to ’ 1 0 )
I ab’t $13,000 yr’ly C 65,000
do
.......................... 4
jp & U F e b .l§ ,1 9 1 1 to ’17>
imt_
( ab’t $15,500 yr’ly s ^68,000
w x r l and princIPal of a11 the 4 Per cents payable at the
avenck National Bank of Boston, and of other bonds at City Treasury.
S28?T<v »^ E EBJ * EJ C-—Total funded debt September, 1891, was
$342,50o! F1° atmg debt at date mentioned was $61,000; total debt,

3i o f E°i VALUATION.—In 1891 the assessed valuation (about
^ V $1 5 17 f i o n T i
68tate Was «3.681,895; of personal propi s on
\ tota1’ $5>
199,585. Tax rate (per $1,000) $23 75. In
1890 assessed valuation was- Real esfata < * qq i on
rq
ertv «1 « q boo * . , ™
eai estate>$3,599,120; personal prop­ tions^ VALUE OF BONDS.—The bonds are of various denominaerty, $1,533,689; total, $5,132,809; tax rate $21 (per $1,000).
8,66O
5rSiL 8 liOlN
1
0;527. 1870 P° pulation was 7’ 898: in 1880 it was

® ^ - b i G O R . — Jos. F. S n o w , Mayor.
Bangor is in Penobscot County.

omN"!"E£ IE
S"r~ W HERE PAYABLE.—Interest on all the bonds is pay
able in Portland and B oston; interest on the Androscoggin RR. bonds
being paid in the latter city by the Seoond National Bank, and interest
on the Knox & Lincoln Railroad Company’s bonds by the Bank of

Bank*6™65 ° n & ° thei> l88Ues by the Natlonal Hide & Leather
U

thi8 city’ f hich at flr8t sight appears large, is in fact not
urdensome, most of it being either railroad loans, interest on
.hISsT Bf t v (f?AT, 1SINKING1FUND’ E tc-—The subjoined statement
l
L
which ^ Paf f by tbe railroad companies, or water debt, interest on ■hows B aths total municipal debt, and the assets held by the citv
are as'fonowsT
* “ * fr° m W&ter revenu6- The loans in detail against the same,on thelst of March of each of the last three years.
Municipal funded d e b t.............
Railroad aid b on d s................... - .

i i n

S 'i : mi

Trust funds7...188.6; ; ; ; ; ; .......M & ;N
Nov- 14>.189 i
Water loan, “ L ” 1875 .......... «
T "i" t t V ' v v
Railroad lokns. secured'to
J & J July
1905
city by first mortgages—
Bangor * H seatam i, RR....... 7 A 4 O
Apr 1, 1899
European A No. Amer. B E —

6

J * °,

£

m

a s s c im S

10,000
91,575
500,000

325,00«

1', I f g j M

g J

VALUE OF BONDS.—The water bonds and the Bangor &

IN T E R E S T -W H E R E PAYABLE .—Interest on all issues is payable
at the option of the bondholder, either at the -Merchants’ S o n a i
Bank in Boston or at the office of the City Treasurer in Bangor.
T 9 T AL DEBT, SINKING FUND, E TC .—The subjoined stateS , f t h W8 Bangi r’8 total debt’ the sinking fund held by SLe city
against the same, the water debt, and the city’s floating debt on t h i
twelfth of March of each of the last two years
L925,000
^
------$i;277,043

Net debt on March 12................................... $401409
*423 oat
Cash and uncollected claims (incl’ed in assets.
$71 346
*73 293
Water debt inoluded in above total............
$500 000
«smn’nnn
Floating debt (included in above total)........ 7.
$16 750
$l ?4 000
The sinking fund consists of $1,000,000 of the European & North
^ 8 9 ^ ^ 6 0 0 000 0^ h ann,S 1S* m0rtgage 6 per cent boads, due Jan.
^ i S i o o o * ? i ’T
Bang° r & Piscataquis 6 per cent bonds, and
o f $325,000 o f its 7 per cent bonds, all due April 1,1899; also of unnaid
gate°of8 $295,150;erother coupons, ^ $420; total,* »$2,220,570 ^ g r e ^
t0 ° 0t'
1890’ to an These
gate of $295ei 5 ( f
S r S c R Js6iwoet a8ide by city « fin a n c e of Jan. 7,1890, as security
for the city s two railroad loans. The European & North American RR
S B * to
EB-. « i o h p a „ t a t e r ^
Z T o Z
The Bangor & Piscataquis RR. owns from Oldtown to Greenville Me

Iffie year 1890-91 had gross earnings 0WnS ltS Water works, which in
Jty of $45,087 (including amounts
the y i i L^890E91 htrtT S '_TIie C
charged city departments); operating expenses, $22,767 Interest on
WaS $29’ 535- Tbe olty al8° owns an e S £ S g S
S u te R R $Co ’° ? L 8tOCV a m^ ^ 7 ty interest) of the Bangor & Piscat
together valued at $ 8 ^ 5 0 0

£ £

^

electri° - ^ bt ^

rateS?av?bE ? n 8 1 o n o t I !ON‘ _T h e clty’8 ^ ^ d
e
X




:

Net debt on March 1 ........................

<M?5°55n
fiB g S

*

J g g g J

1

$396,995

«

$307,310

$372,812

The assets as above given included on March 1,1891, Maine Central
? ™ , i Ua? 1 y of bond8’ $425,000; cash and bonds received from the
i
*560 018* 8
^ ne RR' C° ' f ° r l6a8e 0f Knox & L^ co ln RR.

K

f c S

f11’137: ooU ,iM6
“

aue “ 4

K nox & L incoln R ailroad .—In September, 1890, the Knox &

Z , T n ^ o : l ’ are 1019500 8nd m
ultlpIe8 ther~ ,! f

i ? n f ^ A b i l i t i e s (including water debt) $768*325
Railroad aid bonds, contingent liability.......* 1,925;000
Total debt...............
mo
Assets (i.e., sinking fund, cash,' etc'.)!'.'.'.'.'.'.7.! ' . ^ i j l l l i e

iS o w K : 7.7. 7.

$687 306
7

are

valuation and tax

? ue n .u
s
0a^ WaS leaS6d f ° r 1’000years t0 the Penobscot Shore
Bme Railroad Company, receiving in lieu of rental a single cash
payment of $74,820 and $486,000 of 4 per cent 30-year bonds.
VALUATION.—The city’s assessed valuation and tax
rate in 1880 and later years have been as follow s:
1_
Real
Tears—
Estate.
48 9 9 .................$2,925,770
J 8 8 9 ................ 2,918,970
1888 ................ 2,886,895
1 8 8 0 ................ 2,693,750

Personal
Property.
$3,102,594
3,084,195
3,227,075
3,881,469

Total
Rate o f Tax
valuation, per $1,000
$6,028,364
$24-90
6,003,165
-21-50
6,113,970
21-00
6,575,216
25-00

7 .8 7°; toSA
8™Olt ™ ? 7 ,3 8
710 V° m M 0 n WM 8-7 23'

I«“

it

B E L F A S T . — W . P. T hompson, Mayor.
Belfast is in Waldo County.
1 * mo
- Interest.— ,
—
„ ..„ L O A N S Rate When
NAME AND PURPOSE.
P. 01. Payable.
Railroad loan........ ............ 6
F & A
Municipal loan.................... 4

Principal,
When Due.
Aug. 15,1898
( Aug. 15,1922
F & A j Subject to call,
( on and after ’92

IN T E R E ST -W H E R E PAYABLE
and Belfast.

Amount
Outstand­
ing.
$498,700
113,100

•Interest is payable in Boston

1« 0? L ^ ® c 1 1 .7ASSETS’ E t9 - The city’s total debt on March 2
E BX
iX .1 ’ T , f A ’ 8° ° ; deduot $500’ 000 Belfast & Moosehead Railroad
30«
d6bt’
>800. Of the railroad stock owned by the city
debt Shar6S ^ preferred aad 3,604 common. Belfast has no water
ASSESSED VALUATION.—The assessed valuation for 1891 (tho
same as true value) was as follow s: Of real estate, $1,831,020; of per.
*iQa p™pertjr> $825,847; total, $2,656,857; tax rate (per $1,000),
$19-00
*0tal assessed vaiuation in 1890 was $2,623,207; tax rato.
» p O P U L A T «O N .-m 1890 the population was 5,294; in 1880 it was
s.308; m 1870 it was 5,294.

Yol. LUI.
1890.
1891.
$474,000
Water debt included in foregoing total...............^109,000
Floating debt (additional).....................................$65,800
This town is in Cumberland County. The bonds issued by Brunswick
The city property, valued at $1,239,316, includes stock of ttu» Lewis^
¡are exempt from taxation.
ton & Auburn Branch Railroad to the amount of $22o,000 and
i
When Due. Bonded debt..................... ^9«’ fii3 the water works, valued at $549,783. The gross earnings of the water
Floating debt... . - ...........
3
L B ridge B onds.
o l «75 works for 1891 were $38,877; net earnings, $30,666. Interest paid on
_ g ........ $4,000............ $500 yearly Total debt in 1891..........
4_
Available assets..............
gg’ XoQ water loan, $24,870.
T own H axl bonds .
39,938
4 s ........ . $33,000...$1,000 yearly Net debt in 1891.. . .........
ASSESSED V A L U A T IO N . — The city’s assessed valuation of real
v;
interest is payable in Brunswick. Tax valuation, 1891.. -abt3’427’,f.oo
Tax rate (per $1,000)
$17 00 aiifpersonal property and tax rate for a series of years have been as
Temporary loan, 4 p. c ......
Population, 1890.................... 6’012
Other liabilities.................. 5,4=13
follow s:
Tax Bate
Total
Personal
Valuation. »er $1,000.
Property.
Years.
Beai Estate.
$ 20-00
$11,269,547
$1,715,847
1890............ ....$9,553,700
20-00
10,687,823
B U C K S P O R T . - W . Renw ick , Town Clerk.
1,608,317
1889.................. 9,079,506
19-50
11,013,083
1,608,000
1888.................. 9,405,083
19-50
10,813,088
This town is in Hancock County.
1,484,711
$11,009 I 1887.................. 9,328,377
19-50
11,301,359
2,135,066
1,057,500 ;g | 6 ................... 9,166,293
Bonded debt, 1890........... $13*j>3cn I S f e S S E
19-50
11,314,331
2,207,889
1885.................. 9,105,442
Floating debt...................
24-00
Population m 1890.......
9,743,977
1,343,991
1880.................. 8,399,986
Total debt, 1890............... 149,401!
19 00
12,645,296
1,580,210
1875...................11,065,086
3000
6,271,719
597,699
1870
5,695,020
30 0 0
4,322,041
346,394
1 8 6 5 !.............. 3,975,647
1000
2,974,414
281,803
1861.................. 2,692,611
8-00
C A L A I S . __ C. A . M cCullough , Major.
2,214,068
1856......................................
PO P U L A T IO N —In 1890 population was 21,701; in 1880 it was
This city is in Washington County
Amount
,— Interest.
Outstand­ 19,083 ; in 1870 it was 13,302.
Principal,
Bate. When
ing.
loansWhen Due.
P.Ct. Payable.
NAME 01 PURPOSE.
$95,500
Dec. 1, 1891
J & D
Railroad loan................... 6a
5 Sept. 1,1887 to ’ 9 3)
5.000 N O R W A Y . —
Doan of 1881.................. 4^ M & S 1 $1,500 annually. )
This town is in Oxford County.
T p T 5 Dec. 1,1891 to ’98)
k
8.000
valuation, 1890.. LOANS—
When Due. Tax rate (per $1,000)...
Loan of 1883.........
4c j & JJ i $1,000 annually. 5
Tax
$1100
9,000
R efunding B onds—
F & A
Feb. 1. 1900
Population in 1890 was.........2,665
Loan of 1890.................. 4a
jv.nr.wa- 4*28, J& $23,000...........
J,
Population in 1880 was.........2,519
...w r-o r-o T u / u c r f PAYABI E —Interest is payable as follow s. Interestpayable atNorway N at. Bk.
o i ^ n a s m a ie a A f a ^ aiobe N alon al Bank, Boston. On bonds
marked^ ) at Maverick Bank, Boston, and on bonds marked (c) at City

B R U N S W I C K . — J. P- W inchell , Treasurer.

'Treasurer's office.
T O T A L DEBT AND SINKING F U N D .-T he total funded debt
January ^1, 1891, was $117,500. The city has no water debt or
«inking fund.

V A L U A T IO N in 1890 was about $1,750,000; taxrate
* 19-30; 1* 1886 the as.e»»ed valuation ™ *1,955,567;

aoqfqqfd

w

-tax rate, $19.
PO PULATIO N.—Population in 1890 was 7,290; in 1880 it was
•6,173 ; in 1870 it was 5,964.

______

C A M D E N . — A. D. C hempney , Town Clerk.
This town is in Knox County.
Tax valuation 1880.........$552,018
Bonded debt. - - - ...................$4£’39 ° Population in 1890 w as........ 4,621
Floating debt ................... 4|>£|f Population in 1880 was........ 4,386
A-trn.ilable assets................ I 4» '0 '

H A L L O W E L L . — E. B. B eane , Mayor.
Hallowell is in Kennebeck Co.
LOANS—
When Due.

Funded debt,March
1891.......- ............$21,400
2,112
•7s
CJ&DB$L500...........$500 yearly Other liabilities.. ............... $23,512
Total debt..........
S f ! A , 3,500............ 1893 to-99
Assets.....................
5>875
5s, M&S, 5,500.............91 to 1900
Net debt, 1891......
17,637
5 s , ....... . 2,000................................. Net debt, 1 8 9 0 ....
13,178
in 1890
Ciity notes, 4 and 5 p. c .......$3,900 Population do 1870 was....... 3,181
do
d o ........3,009

P O R T L A N D . — George W . T rue, Mayor.
Portland is in Cumberland County.
the debt of this city about one-half was incurred on account of
th ?P ortlan d & Ogdensburg RR., whose stock the city holds to the
amount of $2,356,150. The railroad
Maine Central RR. Company at 1 per cent on stock till Aug.
,
>
and 2 per cent thereafter. This rental will aid the city considerably
fn meeting its interest charge. The city’ s debt in detail is as follow s.
Amount
,— InterestI— v
Pmneipal, Outstand­
1aamq
jRate
When
ing.
When Due.
NAME OR PURPOSE.
P - 0i- Payable.
$14,000
Jan. 1, 1892
J & J
Cemetery land.......... - .............. 3
2,000
City Hail îa n a !T ............. -- 6
J & 3 July 1, 1891
30.500
Mch. 1, 1893
Contingent, & c.. ................ c&r 6
M &S
80,000
Mch. 1, 1893
F u n d el,1 8 9 P ....................\
ÿ & 8
727.000
July 1, 1912
Funding, 1887
Subject to call July 1 1902.
7.500
M & S Mch. i , 1896
6
47.000
Hospital...................................
f.
M & 8 Mch. 1, 1892
Marginal way, etc................... «
64.000
M & 8 Mch. 1, 1894 1 , 200,000
do
do
M & 8 Sept. 1, 1907
Portland & Ogdensburg RR-- - «
2,000
J & D Dec. 1, 1890
do
do
»stock. o
25.000
M & S Mch. 1, 1891
do
do
. ....... 6
40.500
M & 8 Mch. 1, 1896
do
do
interest.. . o
40.500
M & 8 Sept. 1, 1896
do
do
......... 6
40.500
M & 8 Mch. 1, 1897
do
do
........... u
416.000
J & J July 1, 1897
Portland & Rochester RR..... 6
7,000
M & N Nov. 1, 1891
8.500
Sewer.......— v IN rv ..........*? «
A & O Oct. 1, 1892
Ward room and school............. o
154,50 0
F & A Feb. 1, 1895
Wharf purchase, etc..........c&r b
on all the issues »

,NTEREST- S

at «be —

except the reg
at the Merchants’ National Bank in
Bank of Redemption, and
Portland.
H O U L T O N . — Ch a s . D. M erritt , Treasurer.
E TC .—The subjoined state
The town of Houlton is situated in Aroostook County on the m S I h ^ s ' p S n c S t o K n L d debt and'the sinkmg fimd held by
, ...
miles north of
the city against the same on the first of April of each of the last two
New Brunswick & Canada Railroad, about 100
located in this
Bangor.
There are extensive milling interests
1889.
years.
1891.
1890.
$3,082,000
township.
$3,022,500
Total funded debt..............- - - - ^ ’919,500
When Due. Assets................................
1,014,746
1,066,001
LOANS—
Net debt, 1891...........
32,217 Sinking fund and other assets. 1,012,505
T own B onds, 1890
Dec., 1910 Tax valuation, 1890........
$2,067,254
4 s7 j &D,$3 000 ........... u e c ^ i o Tax rate (per $1,000)....... 997,703
$1,956,499
$24-00
Net debt on April 1 ........... $1,906,995
Orders outstanding.. . . . - - -*38>luu Population in 1890 w as.........4,015
The city has no water debt and no floating debt.
Total debt, March, 1891. - - 42,870
The sinking fund receives yearly not less than one per cent of the net

L E W I S T O N . - W . H . N ewell , Mayor.
Lewiston is in Androscoggin County.
‘
. .
,
This city’s financial position is strengthened by the ownership ot
*225 000 stock of the Lewiston & Auburn Branch RR., which is leased
•to thè Grand Trunk Railway Company at a 6 per cent rental, and by the
ownership of water works which pay the interest on the water loans,
amouutin to nearly half the city’s total debt. The debt in detail is as
f ollows :

Amount
Principal, Outstand­
ing.
When Due.
July 1, 1901 $185,000
80,000
July 1, 1894
51,000
July 1, 1899
100,000
Jan. 1, 1893
100,000
Jan. 1, 1913
100,000
& O Apr. 1. 1897
174.000
& O Apr 1, 1907
200.000
& o Apr. 1, 1917

,— Interest.— .
Bate
When
P. Gt. Payable.

LOANSNAME AND PURPOSE.
City bonds..................
do
..................
do
.................
do
................
do
---------- —
Water b o n d s ...........
do
----- —
do
.............
T O T A L DEBT SINKING FUND, ETC.-The subjoined statement
«h o vs Lewiston’s’ total municipal debt, the sinking fund held by the
■eity against the same, the water debt, and the city’ s floating debt, on
the first of March of each of the last two years:
1891.
$990,000
Total funded debt (inclusive of water debt).. qn’222
114,043
.Sinking fund........ - - ................................................ u u , 2^
$875,957
March 1........................................ $859,778
Net debt on




a \/aii a Ri

F A S S E T S —The city’s available assets consist of its
a fs t lt o o t o , note, reeelvable and tru»t funds to tbe
, nf «102 173 • sum due from building-loan commissioners, $77,
366 “ I d ' 5
l - i o P o r t l a n d « Ogden.Ourg Hallway .took
valued at $824:,638.
DEBT L IM IT A T IO N . — The city’s debt is limited by law to 5 per
cent of valuation.
•
,.
aA
AQRFSSED V A L U A T IO N . - T h e city’ s assessed valuation (about 80
pe^ c!n t of cash value) and the tax rate for a series of years have been
as follow s:
^
Total
Bate o f Tax
Personal
Valuation, per $1,000.
Property.
v
Estate.
$35,611,990
$19-70
$12,427,590
1890
. -- $23,184,400
20-00
34,620,335
11,909,335
lo o n .........
22,711,000
20-20
32,702,405
11,952,405
1 8 8 8 ..... ” - - 22,120,000
PO P U LA T IO N —In 1890 population was 36,425; in 1880 it was
33,810; in 1870 it was 31,413.

R O C K L A N D . — E . A. B utler , Mayor.
This city is in Knox County.
a' T i t i a n « bolds *409 000 of the Knox & Lincoln Railway ComPr y “
“ « : 4*p“ T u , Pond., g debt, here give* » d.taU, i .
not as heavy as would appear at first sight.

October, 1891.
tt A M fflfflP E — DEBT O f STATE,
LOANSNAM E

and

do

Principal,
When Due.
May 1, 1892
July 1, 1892
July 1, 1893
July 1, 1894
July 1, 1895
Jan. 1, 1896
July 1, 1897
July 1, 1898
July 1, 1900
July- 1, 19111
J & J subject to call. ,
July 1, 1891)
J & J J u iy i’9i,to ’9 9 >
part each year i
M &
Mch. 1, 1891
F &
Feb. 1, 1902

P . Cl. Payable.

PU R PO SE.

€ ity-bonds.............
do
do
do
do
do
jdo
do
do

4

Refundios

Knox & Lincoln Ry. Loan..
do
do
do
¿o

MAN

13

Amount
Ouslanding.
4,300
86,300
40.100
ITS
49.500
37.500
D E B T , RESO U RC ES, E t c .
65,000
59,200
7,400
35.500 A d m itte d as a State
.
O ne o f O rigin a l T h irteen
280,500 lo t a l area o f State (square m i l e s ) ........................................ 9 395

New Hampshire.

State Capital................................................................ Concord

35,700 G overn or (term exp ires 1st W ed. J a n ., 1893), H ira m A . T u ttle
40,800'
35.100 S ecreta ry o f State (term exp ires *J a n ., ’ 93) - E zra S. Stearns
- S olon A . C arter
foondTis^n^Ti
PAYABLE.—The interest on all issues of Treasurer (term exp ires *Jun e, ’93)
bonds is payable at the office of the City Treasurer in Rockland.
Legislature m eets b ienn ially in o d d years on the first W e d n e s ­
f i h o E a w ^ ^ *51NG PUND, Et c .—The subjoined statement
d a y in J a n u a ry, a n d len gth o f session is n ot lim ited .

C f?:“ s“ 44 ad,w aMte
T i8 6e nt e 0h
4M
1
1

Elected by Legislature.

i a s : . ' ; : 1" - " ..................................................................w $ ib o

0 F DEBT-—New Hampshire’s debt history is very brief
....................................................... - .............................. 509,482 This State has always been extremely conservative. In a return made
d®ht0n February 9 ,1 89 1
®o« q ’«T q by each one of the United States to Comptroller Flagg, of New York
$89,961 in 1838, in reply to a circular issued by the Comptroller after
The floating debt includes certificates of deposit bearin interest at the passage of the General Banking Law in New York
* ne rate o f 3 per cent, and payable on demand, $85,501.
tlm financial officer of New Hampshire, Vermont and Con­
« iM
i S ETS .-T h e city’s total assets, as given above, con­ necticut each reports that Ills State had issued no bonds
flS
or stock; the financial officer of Connecticut adds that his State
sist of Penobscot Shore Line Railroad 1st mortgage 4 per cent bonds
on hanl,U
$57^554’ $409,000; uuoollected taxes, etc., $42,928, and cash has issued none since the Revolutionary War. That was the condition
m 1838, and the policy then controlling seems to have been pursued by
each of these Commonwealths during subsequent years. Even down to
5 per
cent"oLvaluation.7 ' ° N'~ Tbe clty’8 debt *8 ^mited by law to
the date of the breaking out of the Civil War all three of the States
named were without any public debt. But the Civil War worked a
TAX FREE.—All bonds of the city of Rockland are exempt fro
change, having left its mark in the financial history of every Northern
taxation.
S ai « Q o fo 1866 5 6W Hampshire reported her funded indebtedness at
p
t h e ^ f m f as ? a,h AL| TI9 N ~ Th6 City’8 asses8ed valuation (about < , 9,818, contracted exclusively for war purposes. June 1 1869
U^
xne same ? s cash value) and ta rate have been as follows for
tax
a series the total outstanding was $3,213,962 22, against which the Treasurer
o f years:
reported an asset of $77,082 89. The situation of the State debt now is
_
Peal
Personal
Total
Pate o f Tax as below.
Estate.
Property.
Valuation. per $1,000.
- Interest.— ,
—
¿ I I ® ................ $2,889,011
Amount
$1,444,893
LOANS
$4,333,904
Rate When
$22-50
l o o b ...........
Principal,
Outstand­
N A M E A N D P U R PO SE.
3,788,780
P.Ot. Payable.
22-50
When Due.
ing.
POPULATIO N.—In 1890 population was 8,174; in 1880 it was Library bonds of 1891
J
July 1, 1911
$175,000
Municipal War loan ..
7,599 ; in 1870 it was 7,074.
J
Jan. 1, 1892
206,100
do
do
...
J
Jan. 1, 1893
176.000
do
do
___
J
Jan. 1, 1894
174.000
do
do
Y Í Jan.1,’95 to 1905;
S A C O . — E noch L owell , Mayor.
($150,000 yearly. - 1,650,000
Refunding bonds................ „
J
July 1, 1892
100.000
3 his city is in York County.
Trust funds..... ................... 6
................
171,272
PAR VALUE OF BONDS. ■The bonds of this State are in $100
< í f a°« i8 ™ a llin amount and bears a low rate of interest,
¡
as appears from the following detailed statement:
$500 and $1,000 pieces.
1 AAkm
'— Interest.— .
INTEREST—WHERE PAYABLE.—Interest is payable at Com
Amount
....„ L O A N S —
Rale
When
Principal,
Outstand­ monwealth Bank of Boston.
n a m e AND p u r p o s e .
P.CL Payable.
When Due.
ing.
C itybom ls.................................. 4 J & j
. J ? J AL DEBT.—The subjoined statement shows New Hampshire’s
1907
$25,000 total debt on the first of June of each of the last two years.
do
4
J & J
1917
30.000
fíe wer bon d s.....'..................... 4
J & J
1894
10.000
do
«9 I 8« cnn
» » i? 9 0
1909
15,000 Total funded debt June 1 .......
For sidewalks!’. ' . ' . . ; ; ; ; ; ; ; ; '" ' 1
r ^ i
$2’l7 § ’319
1889
5,000 Trust funds............................. '1 7 ^ 2 7 2
TO
ASSESSED VALUATION.—The State’s total assessed valuation o f
OOO- T A L DEBT, &C. *Total funded debt January 31, 1891, $85,„ „ „ -i r ; - , ’
c4 avallable assets, $39,285; net debt, $45,715 FloatingStOCk in trade’ mills‘ afid machinery, and lands and
foRows*-8'
d the average tax rate throughout the State, have been as
e s t a “ S2
A88M86d " * “ * » * » T s 9 < 2 S
tnv S t j w f 7|06J : ° f personal Property, $857,245; total, $3,314,306.
mj , ,
„
Average
Vvn-m
lotal Assessed
■ I oI ~
Rate f Tax
t r íe v llu t T $1’? 00' ,The as8688ed valuation is about two-thirds of 1801
PeÍ
Valuation.
per $1,000.
issues a™ ' J « * ? * 0n a11 i88ues of bonds is payable in Boston. All 1890.............................
$188,493,573
$16-67
issues aie exempt from taxation.
T889...................................................
185,530,530
16-40
1480
I S ^ ^ f i t i J 10™
1®90’ 6,075 5 ln 1880’ 6’ 396; ia 1870, 5,755. In
1520
from Saco
01d0rcliar<i’ with a a population of 877, was set off w f i r f i ^ t f ^
a88es8® valuation in 1891 as given above, there
d
from Saco, 1educing the population of the city by that number.
were also subject to taxation deposits in savings banks, less amount

T H O M A S T O N . — E . 0 . B urgess, Treas.
This town is in Knox County.
&Tin co ln t0L n S
. ne!i / * 8’ ° were afterwards
of
® inn coin Railroad. T These rlginally at 6 per ceat>m aidat 4the Knox
refunded
per cent,
and constitute the entire debt of the town.
I

a is|
q

'

in ? f 7 nnnreal1e8t^te’ if69’ 834’ 913 ; capItal
iV
insurance companies,
$298^760^°* railr° ad8’ $ 17>867,908, and telephone and telegraph lines,

ofD
Vfi£TTTnIMITATI0N' 7 Tliere i8 n0 restriction in the Constitution
i £ H T ^ ir! »P° n the debt'makin» Power of the people through

** la o
~ i

- Z / 2 —\

Amount
Outstand­
Refundi^ 7 RP0SEPayable.* a .
When„,
Due.
ing.
way aidP s a m
the
e ' t a S
? e,ld °f Pr° flt8 0r in any
xvGxiii}dinloan.
a
t p t
.
®
................... 4
J & J At op. of town.
$134,200 1 7 , 7 a^ I e is an amendment to the Constitution, which was ratified in
piyaW e'?niorsTonHERE PAYABLE --I*terest on the above loan is ftsfoonfiTto
dm® WOuld appear to he intended as a oomplete
at

t r i l cornorH^mC1PTi

amUg 0i money or credit to railroad and indus-

3 1 3 ?o,i> L £ I ? I ’ El"C.-The town’s total debt March 1, 1891, was
?
' ? 1 t0 be noticed’ however, that by its terms the
8
SpeciflcaUy mention “ cities,’’ the words being
Total debt March, 1887, wasf $183,712. $96,000; net debt, $38,200. “ an^town” 068
^Qd assets’
j-otai aoDt Man'-b
SINKING FUND.
_____________ __
e ahvthfi' i
and direct taxes
Ja,d was sold q nri + "T,he t? WU'8 inter68t in tlle Knox & Lincoln Rail w e r by the Federal£ F S T A T E -—Representatives the several States
1
e
Constitution apportioned among
‘ û as 80ld>aud the bonds now in the sinking fund are from that
in the sinkim
sale.
5
according to the respective numbers of population. That instrument
aiso provided tlmt the number in each State should be determined “ by
fo i£ £ E
90S wasV $92£A o S No7 The assessed valuation of real estate adding to the whole number of free persons, including those bound to
3
«1 604 OOO T h a t 4’30* ’
4
f per80nal property, $680,596; total, servioe or a erm of years, and excluding Indians not taxed, three$1,604,900. The tax rate (per $1,000) was $17 00. In 1886 the tot«
s o all other persons,” the last clause referring to slaves. As
assessed valuation was $1,849,389; in 1882 the
valuation was operations under this new Constitution began, according to its
terms, on March 4, 1789, after it had been ratified by eleven States,
onq o
s earliest acts was to provide for an enumeration, or Census, to
3 , 0 ° ' ;toSA 7 0 °Ni ' ¡ “ !o92P“ la‘ 10“ 111890 WaS 3- ° ° 9 ! 1111880 “
8
be taken the following year. According to that Census and the Census
taken ten years later, the population of New Hampshire was as sub*
joined.
White
White
Colored
i qaa
males. females.
free.
Slaves. Total.
.................................... 91,258
91,740
852
8
183,858
1 7 y o ......................................70,940 70,171
630
158
141.899




Yol. LIII.
Since 1800 Ore total for each ten years !.as been » foUow».
i l s O ........ . 346,991 18 5 0 ............... 317,976 1820.............. 2 14,460
i l l o : : : : : .......318,3 0 0 1 i 8 4 o ................234.5741 m o ■
29 _
In 1870-80 increase was 28,691, or 9‘01 per cent, and m 1880- . ,
539, or 8-51 per cent.
AMn RPSAVINGS BANKS’ INVESTMENTS—PRIVILEGES A ^ ^ ^ R E ^
S T R IC T IO N S .-A very material change was made toy
Court of New Hampshire” at its session tM syear (
savings banks>
regulating and defining the powers an
. ,
not g0 jnto effect
with reference to investments. T e new
force, the scope
until January 1,1892, and hence
of which may he expressed in a general way y y g
the
of such institutions in New Hampshire havu
o f security
moneys deposited in or belonging
<
«deposit
capital, the
“ same as any depositor,

xms

Z Z S S S Sm * pi—
“ S

S

r r a

o r a

%E0
cTiodN l4 N fsav in gl bank shall hereafter invest its funds in the
exoeodingintl16 aggregate
ten per cent of the amount
i\e£?„81 ,P v,v mortgages of real estate
1T fi
II. In outside of New Englar d secu
y
aggregate forty per
situatedloans-and debenture bondsexceeding m tne ag« g
cent of the amount of its deposits.
. , v mortgages of unproducHI. In loans or debenture bonds secured by i ^ s s
ide o£ New
tive, unimproved, or unoccupied real estate situate
Ei f t a \ o a M seoured bv the pledge et seourltles or . t o « , la whioh It
is. not at liberty to invest.
t
nuei ti w
Avoeedius in a — aggre
the
V. m xue stocks and
,
V. In the scucia» aiivi bonds
tne deposits o f
gate, at their par values, ten per cent
the bank

A
t,nhlftd them for a time to pay

m

of choice

Bavings banks of New HamI7 P
??

, , v Ik» -nlace of
1892. They are to tafce tne place uj. sections 14 and 15 of chapter 164
of the old law, and are « foUows:
lac6 thereof

it

years next preceding su°h investment
exoepting national banks,
VIII. In the stock oiEatw « « X e r State? whPch fs engaged in the
organized under the laws oi anot
„to<E or other securities,
kSi
business of selling or
other evidences of indebtedness of any
prO e
T
IX. in the bonds, notes, or other
£ New England whose
county, city, town or t o s t n e t < ? f stoking funds set apart for the
net indebteaness (above the amoaPt . including debts created for suppayment of such indebtedness, and n o tin
cent o£ the amount
a proportion which have plying the inhabitants with water) exceeas lou r^ e ^ taxation
of the last preceding vaiuation of prope y he
indebtedness of any
X. In the bonds, notes or « X 0ad corporations, whose net indebtactually paid In and
remaining unimpaired.

S r S g s S

;

« action,” or is “ a stockholder in any corporation engaged m such
But with efficient commissioners to enforce regulations, publicity
becomes always the most effective security depositors can have. In
becomes aiway» ^
ottiined first through the requirement

ivmiUQ

banks, State and national, is as follows.
_____
— -1890-91.--------------------- 1880. iState.
National.’
State.
VaWonaf.
(Dec. 31.)
N ew H ampshire(July 9,’91.) (Sept. 30, 90.) (Dec.g24.)
1
$50,000
16,360
Surplus and profits.... 2,300,327
^ ’717
5,189,936
38,359

®
a
6

Hampshire, but no less than 52 national ^ a^ s , |ivm 53 banks

r

gether, whose aggregate capital a~
t8 ® f ’^ ’^
J
7
*
, .
m oqd ooo 0f deposits and have $2,313,881 surpi
rr
banks hold $7,334,229 oi uepo
i 890, had 7 loan and trust

ijllte W I

when such >»“ »

Z

time totim e direct, and shall be submitted to the trustees and to the
Commissioners at each examination required b ylaw , together $? 045 208 of savings deposits and $782,981 of other deposits. The
X a
c r e a t e by the investing committee of said bank, or other d e p o t s the reguTar savings banks are heavy and have more than
doubled since 1876.
ig g o
188(J
officers thereto authorized by its trustees, that the said, loa“ s‘ “
1881.
1376.
investments have been made with their approval As toe genera
March.
May.
Savings Sanies—
Sept. 90.
March 13.
64
68
statutes with reference to powers of corporations, chapter 147, section Number of ban ks....
72
121216
96,881
100,191
i 2i,zi.o
11 enacts in substance that all books and records and evidences of debt Number depositors. .1 5 9 ,7 8 2
32,097,734 $31,198,064
Amount ofdeposits. $65,727,019 $±7,231,919
2,231,699
1,466,471
due shall be subject to the inspection of every member of the company
Surplus and profits. . 6,171,0
,
ggg
----331
326
we assume that this book is a public record open to all ^ ^ n k CoinBut the examination of each savings bank by one of the Bank com
x ^ s l n e r s o Z at least in each year and as much oftener as the Govi S r may direct,” is the chief reliance. A full report of the results of increased from 100.191 to 159,782^
such examinations must be made to the Governor and must give in
‘ «detail the kind and amount of stocks and bonds held by each of said
Cities , Counties a n d T owns
savings banks, with the par value thereof, the cost to said b ^ k s .^ n d
IN THE
“ the market value thereof, at the date of their examination. This
report is also required to be filed in the office of t ^ Secrete^ of State,
S T A T E OF N E W H A M P S H IR E .
and is published in full in the report of the Bank Commissioners,
Every single security is entered and every fact with regard to each
security which could be needed by the depositor is given to t o p u b - C L A R E M O N T . — George N . F arwell , Town
lished report. Remembering that when any suspicion falls upon any
Treasurer.
bank, the Governor, who has the power, would be likely to repeat these
,
..
Ttadebt which was incurred largely
examinations, we see how useful this feature of the law is.
There are other special examinations provided by statutewMehw-e t
j>afe when
Principal,
Outstandbe made by the trustees every six months, the results of which. ar
LOANS
p Gt Payable. When Due.
ing.
nuired to be published in the local newspaper and to be sent to the Bank
NAME AND P U R P O SE.
^
j Jq1 1( 1893
$71,000
Commissioners. Besides all this, certain restrictions as to methods of Railroad aid loan......................
j ^ j j ai^
i 909
34,000
doing business are worth mentioning. They are—
R ^ I^ ^ R EST—W H E R E PAY ABLE.—Interest payable at Claremont
<11 No trustees can become sureties nor guarantors for any debt, nor
National Ba
(2,) S n « f i S
mdebted to said bank for a loan either as principal or
S S » and no saring3 bank can make a loan to any of its officers
as surefr^for any loan except with the unanimous consent of the
(3 i No 8baifk cam^oai?more than ten p ^ e e n t o f its deposits and accustock a K S
of any corporation in excess of ten per cent of such deposits.
Finallv in case unwise investments develop into bad losses, the law
b r i d e s for arranging the loss without closing the bank. Thus, when­
ever any bank’ s assets are so far impaired as to be reduced below the
S
amount of deposits, any judge of the Supreme Court, on the writL + d?™ of a majority of the trustees can with the Bank Commis­
sioners reduce the deposit account of each depositor so as to divide
sioners reau
thp depositors. But if afterwards a greater
S S *
than that fixed by the judge and
amount is re
must be equitably divided among the deC01^ wfficThad been reduced, but only to the extent of the reduction.
V
amendments adopted in 1891 to the Savings bank law leave
s—

lly unchanged

Z Z V Z T Z

Ivrftad ^stated^th^se 'restrictions do not go into effect until January 1,




_ Total funded debt March 1,1891, $105,000. The

B tlS

'» P » r t . d»ted May 31.189». give, the gross debt as

1890
t a t f l l 648 084; of personal property, $989,512; total, $2,637,596;
^ ^
( ^ r f l , ^ 0 ) , $19. Actual value, $3,500,000.
PO PU L AT 1 N.—Population to 1890 was 5,565; to 1880 was 4,704 ;
0
to 1870 was 4,053.

C O N C O R D . — H. W . Clapp , Mayor.
Concord is the capital of the State and the county seat of Merrimac
County. Its water works more than take care of the in eres
water bonds.

__
_
. o a mo_
When Due.
When D ie.
♦Wid en in g P leasant St . B x .—
City B onds—
„
J&J, $13,800.......July 1 .
6s, A&O, $13,250..---O ct. 1,1892 4s, P recinct F unded D ebt —1305
(partdueeachyear) to Oct. 1,1890
City Precinct bonds.
6s, M&N, $31,000
Nov. 1, 1891
(State House Loan.)
(part due each y’r) to Nov. 1,1894 6s, J&D. f 6,000. ..---.-Dec. 1,1891
♦POLICE STATION BONDSTÌ.T «IV OOO
-.Tulv 1,1903

I DANS—

October, 1891.

f l£ W W M m U t t - O I T l E a A f lö TOWNS,

LOANS—
When Due.
«», i ® ; N
*|oOO........ D
U 9i
^ txi ? Ii >
$10,000.......Dec. 1, 1895 4s, J&J, ILScHO° 1' Hist. B onds—
$26,000....... July 1,1892
6s,J&D, $7,000........ Dec. 1,1896 (part due each y’r) to July 1.1896
Sew er B onds—
’
4 s J & j , * $ 1 2 J° 0 0 ......J u l y x 1 9 0 4 4 i ^
90> ° ? 0 - 1- -July 1,1897
($15,000 due y’rly) to July 1,1902
P recinct B onds—
Sew er D istrict B onds—
6s, A&O, $200,000...Apr. 1,1892
(Penacook Sewer Bonds.)
^ 8’
130,000...Apr. 1,1894 4s, F&A, $5,000......... Aug. 1 1898
6 s, A&O,
20,000.. .Apr. 1 1895 4s, F&A, 5,000......... Au|: 1 1903
l 8i S ,
40,00 0 ...Noy. 1,1896
<$10,(X)0 due y ’rly) to Not. 1,1899 4s, F&A, 6,000......... Aug. 1 1908
-4s, A&O, $45,000___Oct. 1,1912 4s, M&N, < 0 0 0 ..........May 1 1913
Subject to call after May 1,1908
school D istrict B onds—
.
(tSchool District No. 20.)
$4’000- ........ July 1,1892
1
($500 due yearly) to July 1,1899
t Coupon*bon™staXati ° n When owned

residents of Concord.

INTEREST—W HERE PAYABLE.—Interest paid at city treasury

15

INTEREST is payable at the First National Bank of Boston, or at
Treasurer’s office.
T O T A L BONDED DEBT—Sept. 10,1891, for municipal purposes,
$40,000; water works additional, $80,000.
ASSESSED VALUATION.—Assessed valuation in 1890 w as: Of
real estate, $1,068,221; personal property, $896,707; total, select­
m ens valuation, $1,964,928; tax rate, $18 per $1,000. The apportion­
ment valuation by State Board for 1890 w a s: Insurance stock, $8
« ? o L Q o i8’+$^ 4’f 41; *ailroad8’ $667,191; selectmen’s valuation,
f l ’9i t ’o
t0ta1’ $3’ 323’ 2 6 0 : proportion of State tax of eaoh $1,000
vSb'Kf $12 67.
POPULATION.—In 1890,4,085; in 1880 itw as 3,265; in 1870 it
was 2,301.
'
*
° ■ 10

H I L L S B O R O U G H C O . _______

D^ T ’ .SINKING FUNDS, Et c —The subjoined statement
County seats Nashua, Manchester
+ ° rd 8 t0tal debt’ the 8inkinff fund held toy the city against
t
T ® “ ’ 4he ^ at® debt aud the city’s floating debt on the first day of
r
„ LOANS—
When Due.
January o f each of the last two years.
County B onds, etc .—
-s ........... . $ 5 7 ,0 6 7 ......
1891.
1890.
County notes, $77,559..
......*
$82,300
$63,500
do
22,408
19,178
473,625
466,990
do
122,910
122,910
Sewer Dist. debt
do
do
21,300
21,300 K E E N E — I I . K i m b a l l ,

Treasurer.

and Amherst.
Total debt July, 1890.
$134,626
Tax valuation, 1890.. 50,740 363
Population in 1899 was
93,247
Do
1880 was__ 75,634

Mayor.

$722,543
68,000

$693,878
75,721

™ 8 is the coimty seat of Cheshire County. The city’ s finances are
carefully administered and its credit stands high.

$654,542
$435,000

$618,156
$435,000

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

LOANS-

C ITY P R O P E R T Y —The
$t 36,770, and besides this has water works valued at $450 000

Railroad gratuity............
do
do
..........
Sewerage.........................
do
.........................
Water—old issue.............
do
do
do
do
do
do
do
do
do
do
do
do
do
new issue............
do
do
............

w^6 ; 7 ^ ^ í d T o' “ 6; p^Mlno,-”
2

r » t 8K ™ D ^ u „ A T N ' _Tl16
n
w ,':0
Tears
Total Assessed
i sqd *
Valuation.
48$9..................... .................$176,081
................ -........

10,150,586

a,8M ,ea
Tax.

and
Hate o f Tax
per $1,000
$ 12-00
12-50

172,831

trinf ^ ef ^ « taX f f C as ab0Te given there 18 ln the Union school dis^
« $ 3 10
$2 5° ’ and ln tbe P ^ c t an additional tax
13P8 « ^ A ™ t t w S 1I
l
S

^

PUIa*l0,1 WM 17' 0O4!

/— Interest.—■
,
Amount
Rate When
Principal,
Outstand‘
P. Ot. Payable.
When Due.
vng.
4
t 5 July 1,’94 to 1903)
( $15,000 yearly. C $150,000
4
J
July 1, 1904
10,000
4
t 5 J u ly l, 1905to’0 8 )
60,000
( $15,000 yearly. 5
4
J
July 1, 1909
10,000
6
J
Jan. 1, 1892
4.000
J
July l , 1892
9.000
J
July 1, 1893
5,500
& O
Oct. 1, 1896
10,000
& J
Jan. 1, 1899
35.000
& O
April 1, 1913
5.000
40.000
'z.l $i0,000yearly, f
3J
3
& J
Jan. 1, 1910
7.000
313
& J \dJ?,n- I>191l t o ’ 1 3 )
30.000
l $10,000 yearly. \

J I i T * REl T - WHERE PAYABL E —Interest on all issues is payable
at the City Treasury and on the water 4 per cents also in Bostom

1880 it was

T O T A L DEBT, SINKING FUND, ETC.-The
ment shows Keene’s total municipal debt and'the^sinldng ^ n ^ h e ld b ^

ia fr ,ir LAI^AT<2.RY
BONDS.—The Penacook sewer bonds were
issued on the city’s credit for the Penacook sewer district, the interest
aci,pal toeing Payabie from a s p e c if tax on that district The
school district bonds were issued under a special act of the State Le^is-

iw o y e a r ?

6 T h° ° ! di8triCtS have by their votes and by S
ageits
bound themselves to repay the city all sums expended on account of
the principal or interest of these bonds.
account of

^

8ame’ 0n tbe to8t of January of each of the last

s S S n ^ n d s 4.6^ . ! 1 !?1 ^
.1 "

Water d6bt>.......- - - $ 3 3 8
1?|6o

Net debt on January 1 ....................................... $292 347
Koatingbdebt°llldedint0talfUndeddot)ta8 atoove).$101,800

D O Y E R .-

The sinking fund has received yearly about $10,000.

I s tbeoide8tcit^ f
IT !
ttllu contains larger manufactories. t iThe city is strong
Its
«took
_
the Portsmouth & Dover Railroad, while its water
works
, na . Provide f° r interest on its water debt, leaving of Ith er
loans but a smaU amount to be met from taxation. The pa fticulario?
the debt as supplied by the City Treasurer are as follows f
1
-— Interest.—■
.
Amount
LOANS—
Rate When
Principal,
Outstand­
NAME AND PURPOSE. P. Ot. Payable •
When Due.
ing.
Railroad loan............. 6 J
& J
. _ I -----, 1893
Refunding loan.......... 6 j
& j <July 1,1892, to 1905 ) $258,000
1
140.000
( ' $ 10,000 yearly. 5
City Hall n otes......... 414
80.000
Water loan notes....... 414 Semi-an
After 19 years.
355,000
T O T A L DEBT, SINKING

S o t ”’ J r s r

£SLdSf

j ! i r t ^ E^ E? VALU AT ION.—Assessed valuation in 1886 was $8 212
4 3 0 ; «ax rate (per M.000), * u , In 1 3 9 0 « ™
• 7°toUiL
e8P
8A™ M 9 T M T ‘ “ tlo° to I8 9 0 w M 12-79° ; I“ ! 88« was 11,-

This town is in Stafford county.
Bonded debt 1890
« « « mn
Floating debt............*.........” |’ qo9
T ota l debt..........
” • -j o m o
*
............. .
72>
000

P* Con:n'0^ Town Clerk
i

. *,
p „ i 1 al? atl? n 1880.......$1,006,252
o
Population in 1890 was........ 3.004
I Population in 1880 w a s ....;!I;0 4 4

F R A N K L I N . — G i l b e r t G. F e l l o w s T r e a s u r e r
^ i n i s i n M e r r i m a ^ t o m i t y . The tending ioan’ i , J m p t i o m
■Interest.Rate
When
Principal,
P. Ot. Payable.
When Due.
T ow n bonds..... ............ 1 4
F& A
Aug, 1,1900
W ater worksloan 1891. 4
A & O C Apl. 1, 1916 )
< subject to can >
t after Apl. 1,1901 >
LOANS-

N A M E A N D PU R PO SE.




Amount
Outstand­
ing.
40.000
80.000

$305,012
$113,800
None.

$1 9 0 0 0 0 P T?rvE R T Y ‘ ~ Th6J ity owns if« ™ te r works, valued at
$190,000. They are more than self supporting. The railroad loans
were a gratuity to the Manchester & Keene RR., and are not offset by
any railroad securities in the hands o f the city.
^
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate have been as follow s:
u ana la x
„
Total Assessed
Rate o f Tax
Amount
1QQnS"
Valuation.
p er $ 1,000.
Raised.
t f i X ...................................... $6,117,404
$13-00
$82,186
}Sg9 ...................................... 6,096,732
12-00
81,688
...................................... 6,089,996
12-00
80,105
...................................... 5,757,752
60,758
1875...................................... 4,676,117
in addition to the tax rate a . above given there was in 1890 ^n the

r

o r ^ s o p e ^ r aiot w -6° “ d
o

6 P8°P toLi8T
700« ™ f 5,9??0 I",P,IlSt“ ,“ ™
ilv id 6nd», the road being leased S
i
S l o S l S cZ
W . The city's water works are .ellesuatalnlng ^ d p r o r ia ffo r ^
interest on water notes and bonds.
8
P vlde for a11

1890.
$343,800
38,788

7-4« i

l 88» it was

M A N C H E S T E R . - D a t id B. V a RNEY; Mayor.
Manchester is one of the county seats of Hillsborough Countv

Th

a ^ ‘C d . 1 b J ! I tWto6B,; lntorest on a » water bonds. Deducting
“ “ ‘ “ m i"* debt is small lor a city ot such importance,
as appears from the following
• Interest— «
—
Amount
LOANSRale
When
Principal,
Outstand­
N A M E A N D P U R PO SE.
P.Ol, Payable
When Due,
ing.
Bridge, 1881.................
4 & J
J
July 1, 1911
$60,000
5
Cemetery........
J & J July 1, 1913
10,950
City (funding) I 863'......... 6
M&N
Nov. 1, 1893
do
70.000
1864
J & J July 1, 1894
do
50.000
1 8 8 5 ....;;;
A& O
April, 1905
50.000
do
1885..........
A& O
April 1, 1907
50.000
do
1885..........
A& O
April 1, 1909
50.000
do
. 1885..........
A& O
April 1, 1911
5,000
Water, 1872 . . . . . .
Jan. 1, 1892
100,000
do 1 8 7 4 ........ .........
July 1, 1895
100,000
do 1 8 7 2 ........ .........
Jan. 1, 1897
100,000
do 1 8 7 4 .......
Jan. 1, 1902
100,000
do 1887 (refunding) "
Jan. 1, 1907
100.000
do 1890
do
July 1, 1910
100.000
PAR VALUE OF BONDSflnrt «1 nnn {
' the e x c e p
108,118 COnsist of $160, $500
id f ’^?< PieCe8’ ^ ------------ t iMl>8t ° f
^8o -$1,000 pieces, the exceptionl lAAA_being the city bonds due Nov. 1.
l
loi/l). Whl An 9 1 *0 old
tbilAA fflAto this 3 An nn*
1893 which are also for $200, $2,000 and $3,000, and the “ city bonds’ !
due July, l , 1894, and after, aU of which are for $1,000 eaoh.

Vol. LU I.

g U ffiE W r tîiT .
Treasurer.

S A N D W I C H .—
Sandwich is in Carroll County.
LO A N S—
When Due.

Total debt Feb., 1891........
Tax valuation.................... 489, /9 6
Total tax rate (per $1,000) $30*70
3s, Jan. 1, $33,000... -In 15 years. IPopulation in 1890 w as... 1,303
Subject to call at any time.
T ow n B onds —

shows Manchester’ s total municipal debt and the
first of January of each of the last two years:
1891.
1890.
)onJan.l.$948,850
$?^>,950
Total bonded dobt (includingwatcrdebt) P“ ^ ^ ¡ 5 5 §
T600,000
WaTer”debt "(included in above
PITY PR O P E R TY .—The water-works, at a low estimate,
CITY P R U rtrt y
The city owns other property to the extent,
.U Ü U Vuu - --- X *
Ü 1 J Y
T
i TToll
to be worth $1,500,000
of school-houses, Court House, City Hall
of $1,228,000, consistin:
and not including
building, engine-houses City Library building, etc.,
cemeteries and parks, valued at $845,000^
paid for repair;
The income from water rents in —
,
$36,000;
and operating expen.es, $17,005; interest on water lean,
ooMtrnctien, $30^32; palraiC| $3,
a88e88e4 „ lu a tio n layout

■

j

ST R A F F O R D

C O - -A. T. PiNKHAM,Treas.

County seat is Dover.

Tot. bonds June 23, ’ 91. ^iOS.OCKl
Floating d e b t...-------Tax valuation m 1890.20,lJ4 ,iu u
4s, J&D, $100,000 ... .Dec. 1,1891 Population in 1890 was
17,304
($10,000 due y’rly) to Dec. 1,1900 Population in 1880 was
18,161
4s, J&D, $ 5 ,0 0 0 ...... -Dec. 1,1901
J a il N ote —
„ ^
i n t FREST on the 4 per cents i|
412s, A&O, $25.000 ..Oct. 20,1908 payable at the National Bank o f

L O A N S—

When Due.

F unding F loatin g D ebt —

A n ticipation T axes —

47-16s,___, $40,000.Dec. 13,1891

R edem ption, Boston.

_ V ? e a s n ™ e,’ ,Thetox'rate a n i the total Ponded debt have been a,
o
follows in the years named below :
Beal

S
Î 8 8 9 :::;:r ï8 ;3 5 9 ,i5 6
17,364',434

Rafe
Tax per

Personal

f t

t

»

4,541,042

*2 4 $ M 5 0 l l ’Ä
g * .™
21-905,476

17-00

Totoi
Bonded
Debt.
$948,850
945,950

32,630; in 1870 itwas $23,536.

> Treasurer.

This town is in Hillsborough County.
,
t, . . , . 0 p
. ~ . mo I
when Due. I Interest is payable at Nat 1 Bank or
Redemption, Boston.
B r id g e and Se w e r B onds :
Total debt in 1891 about $76,000
$10,950
—
s,
Tax valuation 1890........ 1,69o’ni a
WATER BONDS OF 1891—
Population 1890 was—
J.oi-i
4s J & J....$65,000 July 1,1921
Subiectto call after July 1,1911

N A S H U A .-

ITS
d ebt

|^;loo

1 The city received from the State in 1890 for its shares of railroad,
savings bank and other taxes, $98,093.
. 1
it was
P O P U L A T IO N .-In 1890 population was 44,126; m 1880 it was

M I L F O R D .—

State of Vermont.
, r e s o u r c e s , &c.

Adm itted as a State (A ct February 18, 1791) M arch L A T 9 1
Total area of State (square miles)
State Capital
p
Governor (term expires Oct. 1892)
’•
*. ,
S e c r e t a r y State, (term expires Oct., 1892), C . W J Brow°6“ * J *
Treasurer, (term expires Oct., 1892), - ^ H e w T -F ie M
Legislature meets biennially in even years the flrsu
day in October, and length of session is not limited.
INCIDENTS IN STATE ORGANIZATION, E T C .-O r ig in a lly N e w
Y ork? M assachusetts and New Hampshire claim ed sovereignty v
the territory covered b y Verm ont, New Y ork’ s c nm
s
M assachusetts assented to the'
w est bank o f the C onnecticut River.

> Ma^ or;
'

U
This city is one of the county seats OI Hillsborough VVUUI.J .
of JJ.lILSU ruu.gu. County
4s, J&D, $30,000......June 1,1914
LO A N S—
When Due. 4s, J&D, 25,000......June 1,1915
Cit y B onds —
- aQo
N a sh .
„
6s, F&A, $15,000........Aug. 1,1893 6s, J&J, & R och . R R .—
$220,400.... July 1,1892
6s, J&J,
2,000.........Jan. 2,1895
W ilton R R .—
QQo
6s J&J, 75,000........ July 1,1901 6s, J&J, $15,000.......July 1,1892
Cit y R efunding B onds —
C
fe
no £ QO_
4s, J&D, $120,000
June 1 , 1911 6s, it y N otes —
M&N, $12,500..... N ov.23,1895
($40,000 due yearly) to J une l , 19 io 6s A&O,
8,000.....Oct. 27,1896

Tt ratified the Federal Constitution on January 10, 1

,

a p Z r T t o T v T b e o a ta m ed

IN T E R E S T —Payable in Boston at the First National Bank.
T O T A L D E B T - T o t a l debt July, 1891, $560,655; sinking fund and
of the State, m luarou,
assessed valuation iu 1891 was
POPULATION i h l s s o was 19,311; in 1880 was 13,397.

r ™ ; “
w h ich tb ev—

a S “
d U

’

But in 1793 a convention.

rad
J

.

Ï Ï S

X

»

<
—

, Treas.
the Legislative
v e in e r
^ strïm en t still remains as the State
This town is in Sullivan County.
Total debt July, 1890.. $111.700 Constitution, having been amended by conventions in 1828,1836, 1850
When Due.
LO ANSTax valuation 1890---- l>3i , ’û ?n
T o w n B onds —
Tax (per $1,000).................. $18^50 " “m . R T ^ O F D i r T - V e r m o S has no early debt history, its peo
.............$95,700..........
Population in 1890 was........ 2,623
« S
K
olever'enough to escape the various debt m aking
Town notes, $16,000.
fevers which afflicted so many other States. In fact until
°
1858-59 the State does not seem ever to have exercised its'debt-making
P O R T S M O U T H . — J ohn J. L askey , Mayor.
power În that winter the State House burned down, and a loan was.
Portsmouth is one of the county seats of Rockingham County. It is
a port of entry and lies 54 miles north of Boston. The city issued authorized for $150,000 to rebuild it. The
all redeemed in the four years beginning with
nur$P72 000 bonds in aid of the Portsmouth & Dover RR., and received m
S a l o n ottbeaam a par value. THU .t o .* U new worth c o a ,ito >
issued'by the'state September 5 ,
able more than its face value, and the city has wisely been M ttm p& M d
5,
applying the proceeds to the payment of the railroad bonds. When al ?86e
6 per cent interest, and a l i e n e d for war purp^^ ^
aocoutlt.
these bonds shall have been paid the city will still have on hand a
however, by no means covered the total outgoes on
siderable balance from the sale of the stock.
v
furnished 34,555 men, or about one-ninth of its ww** u -i—
Amount
Outstand­
LO A N S—
Bate wfien
Principal,
ing.
When Due.
NAME AND PURPOSE.
P.Ct. Payable.
$5,000
Dec. 15,1891
J&D
City bonds, 1881................ 4
. . f t ( Apr.1893 to 1900 )
15,500
1883................ 4
A & ° ( ab’t $2,000 y’rly. 5
do
8,000 during the period of the war.
Apr. 1, 1896
A&O
4
1886................
do
10,000
Apr. 1, 1901
A&O
1886................ 4
Disbursements— ...
„
...$1,179,938 08
do
47.000
Oct. 1, 1904
A&O
4
1884................
"3.275,804 92
do
50.000 Aid to soldiers’ families, ...............................................
Jan. 1, 1909
J&J
1889................ 4
Extra pay to soldiers
.................................... . . ; . .
179,407 80
do
57.000
Nov. 1, 1914
M&N
.........................
1889................ 4
do
164,300 Direct taxes to United States..................................
Jan. 1, 1893
J& J
Portsmouth & Dover K K .. 6
.. $4,635,150 80
15.000
Jan. 1, 1897
J&J
6
Total military expenses..............................................
^ 607,303 00
do
do
150,000 Reimbursed by United States.,.......................................
................ .......
....
..........
Water b o n d s ................... —
PAR V A L U E OF B O N D S.— Bonds are in $100, $200, $500 and Net amount paid on account military expenses . . . . . . . . ..
57
Ordinary expenses during same penou.........................
150,000 00*1 000 nieces; none registered.
State bonds of 1857 and 1858 p a id ............. ................- -------------- __—
* T O T A L D E B T E t c — Total funded debt on Oct. 1, 1891, was
>,356,090 26
$371,800; additional water debt, $150,000. The city owns in addition
Total disbursements during w ar.................. - ...........
to the Portsmouth & Dover Railroad stock above mentioned, real estate,
Receipts—
n 406.093
including schools, etc., which is valued at $178,100; personal property Net taxes ............- ....... ................................. < q ’650.000 26 ’ 5,056,093 261
00
(including fire department) valued at $44,435, and other assets, accounts State bonds issued........................ - ............ *
-------------------- -

N E W P O R T .—

n VALUATION —Assessed valuation in 1891 of real estate
w a s $ 4 445 109; of personal property, $2,941,864; total tax (per
$1,000) 'was'$20*00. Assessed valuation ° f realan<*
in 1882, $6,100,364; tax rate, $16*30 per $1,000, m 1890, $7,398,710;
‘ ^PO PU LA TIO N .—In 1890 population was 9,827; in 1880 it was
9,690; in 1870 it was 9,211,




the State

These bonds fell due on the 1st of June, 1890, and we

October, 1891.

—b e s t o f

canceled and reissued m tlie same amount and bearing the same inter.
' a-hey are held in the State Treasury and are registered bonds.
The liabilities o f the State on July 1,1891, were as follow s:
LOAN—
N A M E A N n P iiR D n c c
«NAME A N D P U R PO SE.

— terest— ,
In
P rin cip a l
W hen D ue.

A m ount
Outstand in a

u rm

17

of8 deposit2and^urDhis6b
v ° l 18» 8’ Page 56.). No investment
trust companies shall be made upon mortgagesVofgre a f1 state0 except
E

mortgaged; and not less than one” ixth of t h f n m n w ° L tbf,P °peil 7
n
gages shall be upon real estate in this State and not more
per cent of the amount of the assets shall be ta^ested
o?
real estate; provided, however, that not exceeding fifty *,“ cent o f the
amount of such assets may be invested in mortgages of real estate rm+
INTEREST is payable at the State treasury.
side of this State. If the investment is on S a g e of iinimnroved
_ ASSESSED VAL-UATION.—The assessed valuation of real estate in or unproductive real estate, the amount of such investment shall not
be more than forty per cent of the value thereof! and ^no mortgage
« ™ I o l ? o 112,895,125; ° f personal property $65,157,388; total investment shall be made by such corporation except upon t K e n o f t
^178,052,513. The State tax rate (per $1,000) for 1891 was $1-80. of a committee of the trustees or their board of investment.
report
Total valuation in 1889 was $176,706,008; tax rate, $2.
Section 24 we do not quote, as it relates only to obtaining and paying
DEBT LIMITATIONS.*—There appears to be nothing in the Consti­
for insurance on the buildings which may be included in the valuation
tution or m the Statutes of Vermont providing a general limit to the
of the real estate mortgaged. Section 25 is as follows and has reference
’debt-making power of municipalities. Whatever in each case the Leg­
to investments on personal security.
islature authorizes, the city, town, county or other civil division can
2i iii0
n
issue. Of course the purpose of the improvement must be of a public wwf6 exc.® ~upoaloaL ? or investments on personal security shall be
i)t.
at least two approved names, not less than two of
Character, as defined in our remarks under this head with regard to
m+
8tate or within fifty miles of the institution making
Radroa< subscriptions by towns are authorized by Section f n i V ^ I 68^me? t’ aniJ 8uck Personal loans or investments shall not be
l
longer time than one year; and not more than one-third of the
l 60, chapter 132 of the Revised Statutes, the section being as follow s:
°,f a savmoS bank, savings institution or trust company shall be
s-aivi /
n
^ town may aid in the construction of a railroad or- invested m personal securities.
laT by issuing bonds to aid such railroad,
Section 26 we also omit, as it only covers a single point, that is to
but th Alfa un ini
8tock therein, or in such other manner as it directs
assumed shall not exceed eight times the grand list say, it restricts to three per cent of the deposits the amount which a,
in this chapter.^16 ^
Sucl1 aid 8ha11 be given in the®w a y fm ^ d M savings bank may invest in the lot and building for the transaction o f
its business. The next section, however (Section 27), covers the most im­
It will be noticed that this section contains a limit to the power portant of the provisions relating to investments that are contained in
granted of making subscriptions in aid of railroads—to w it: That the the law. We give the section in full below. The separation into paragraphs
subscriptions shall not exceed eight times “ the grand list.” To evolve and the figures in*parenthesis whichnumber and begin the paragraphs are
th e “ grand list ” in Vermont, the authorities first prepare a schedule of our own, we having inserted them so that those who need to refer to or use
a the property, real and personal, of each individual, with valuations any particular portion of the section can the more readily find the part
-entered at their real value in money, deducting debts owing; after this desired. With that exception we give the section as it reads and was
amount «
QSt ” 18 made UP by taking one P°r cent of that passed, preserving even the punctuation.
K ! , ’ aCC®rdlng t0 8ectl0a 317, Chapter 25, of the Revised Statutes,
S ection 27 (as amended by Laws 1888,page 54) —With the foregoing
~ n er^ en tS
<AU taxable Property shall be set in the list at one exceptions, the moneys deposited in Savings’ Banks, Savings’ Institu-°mPameS’ and tbe income therefrom, shall be invested
i «
f .Value m money oa the flr8t day of April of the year only3asrfollowsC
in which the list is made.”
the United States, or public funds for which
m ^ 1 ^
!
860! 10112760, above cited, which authorizes subscriptions in te re s fcjp rin cip a l.s ta te s is pledged to provide for the payment o f
in aid of railroads, are other seotions describing the method in which
xri2,)
pllbPc fuad8of any of the New England States, Ohio and
these subscriptions must be made, by calling a town meeting, votin
o : i^taduig.the boncls or notes of the counties, cities, towns,
’
A c., &c. Then follows Section 2766, authorizing the issue of bonds.
villages and school districts of the same;
i
C
1
iaay iissue bonds, with coupons payable Niw v LTh’enrt banlnng association or ln the company
„ t ! or u .!iv o fayonat1®1;-1 bank trust New England States and
aldsuch road? a ta ra te of interest not exceeding seven per cent, to State and incorporated under the authority of this State;located in this
« /i 6
bonds, not issued in aid of railroads, o f the
The only other general authority granted for the issue of bonds by
Tiu™iailT ®°.untler of ten thousand inhabitants or more in the States o f
1
8
municipal corporations in Vermont is that given for refunding out­ Illinois, Indiana, Irwa, Minnesota, Missouri, New Jersey, Pennsylvania,
cities, counties and towns of fivethousandinstanding bonds and notes. The Sections which grant this power are
part of the State of Michigan lying
of
■Sections 2769, 2775 and 2776, Chapter 132 of the Revised Statutes, ?,ap^ants or more m thatprovided that no investment shall besouth in
t?"f°arth parallel,
made
sections 2769 and 2776 are as follows:
nltfna
’ ^?wn?.or counties in the States above named, except
A to^ .u wbicli has outstanding and unpaid negotiable cities of seventy-five thousand inhabitants or more where the munici­
f^Jfs
b °nds- lsaued to Pay f°r stock subscribed to a railroad com- pal indebtedness of such city, town or county exceeds five per cent of
its assessed valuation, and in the municipal bonds of cities of five
tiabi^ notes o^bn^Tdsitn *be geno+al such outstanding notes or nego­
tiable notes or bonds to pay or retire assembly, may issue other bonis. an? nfa^ ii^ a ribltai3
its
m?i‘e in tke 8ame States, when not issued in
d8iandi.wlleret? e municipal indebtedness of such city is
^,y75. A town having outstanding and unpaid orders notes AAi?iiAwI^0K
assessedvaluat^^t0 exceed’ and does uot exceed five per cent of its
™?ed^ ? ouponV 88ued under any act of the Legislature for the nu?’
r e n t s or forr t h e ° n ^ pu? lic buildings, or in lid T p S h h c im p ro v l
municipal bonds of counties and cities of fifteen thousand
cc for the payment of soldiers’ bounties, mav issue other
^
States of Nebraska and Kansas, when not
or b°nds f°r the purpose of retiring the oiitstanriiWo*
aid of railroads and where the municipal indebtedness of such
new nA^«tnr’u,0nid8+
8
and ooupons> w the same manner that it may issue couuty or city does not exceed five per cent of its assessed valuation;
K i d o f a milrosffi
outstanding notes or bonds issued a+lbl
+
„f
a railroad, and the powers, restrictions, duties and liabilities ?2™®8Ia ^ ? v 8cll.oolboad8 and independent school district bonds in the
c* Bnnois, Indiana, Iowa, Michigan, Minnesota, Missouri, New
Srolw edTvU
law i
n
'
i n f i t t e r shafi be the same aels 5atn8 ^ f i 1I18yl7 ama aud Wisconsin, when the amount of such bonds
^J,
Issued in
« ? refunding by a town of town bonds
exce®
d
per cent of the assessed valuation of the
shall b^ provided S ? in the same manner. on such new notes or bonds +^lp^oRve 8°11001 districts, towns, boards of education or cities issuing
d tbe mterest
>
»udu oe n?ovfde6 tor ,
tii© sain©.
By Section 2776 municipal corporations other than towns have the nriZd SU ?16 PH ^ C funds of all the States named-in this section, in
Pledge as collateral of any of the aforesaid securities,
same refunding powers granted them which are conferred upon towns
+™i+dm° deP°srt t>ooks or deposit receipts, issued by a savings bank,
toy the two sections last above cited.
trust company or banking association located in this State, such notes
The only other section which we need quote is Section 2751 of security^066* th6 par value n°r the market value of such collateral
1
Chapter 130, which names the objects for which towns may vote money.
,
) But no sayings bank, savings institution or trust company shall
“ney 18 appropriated for any other object, the Charter or a special a2.d’
w a y o f investment and as security for loans, more than ten
statute must be looked to for the authority.
per cent of the capital stock of any one bank, banking association or
trust company, nor invest more than ten per cent of its deposits, nor
more than thirty-five thousand dollars in the capital stock of any such
Dank, banking association or trust company, and no investments shall
be made m the capital stock of any such banks, banking associations
iS K
m foL aM pe*fsS8te •*. ®*e ‘ “L w t o Z i S f o r o S n ’ r o e is S r or trust companies, owned or loaned upon, to exceed in the aggregate
™
one-fourth of the deposits of any savings bank or trust com pany
P O P U L ATI ON O F S T A T E .— According to the first census (1790) the
Approved November 2 8 ,1888. '
popu a ion o Vermont was 85,425, of which 44,756 were males, 40,398
The amount of loan which can be made to one person or corporation,
Z r K i S n d f lf r e e colored- Tke total in 1800 was 154,465. &c., is restricted by the next section, and we give it in full. It is a»
I
+a
Since that date each ten year aggregate is given below.
follows:
1 8 9 0 ................332,422 I 8 6 0 ................315,098
8avings hank, savings institution or trust company
1 8 8 0 ................332,286 1850................ 314,120 18 3 0 ................280,652
1820................ 235,966 shaH loan to any one person, corporation, firm or company, or the
1 8 7 0 . . . .......... 330,551 1840.................291,948
........
1810................ 217,895
8aPk company, more than five per cent of its
deposits, nor more than thirty thousand dollars; nor sba,u such loan on
" * i8 ™ -80- w *
personal security exceed ten thousand dollars.
The following three sections (Sections 29, 30, 31) it is unnecessary to
« I £ ^ ? ^ SmoB a ^ s 7 i n v e s t m e n t s p r i v i l e g e s a n d r e o m o I lUINb. lh e statutory provisions now in force regulating and insert in extenso. Section 29 restricts the amount in whioh any officer,
restricting the investment and loaning of the deposits of savings banks director or employee may at any one time be indebted to any “ trust
w K i W COntained ia tke laws of 1884 and 1888. In the former com pany; since Section 32 enacts that the words “ trust company,”
, t ,
) all Previous legislation respecting savings banks was col- as used in the act shall “ include savings banks,” this prohibition may
latedandreyised m and by an aot entitled “ An Act relating to Sav- possibly apply to savings banks officers. Section 30 makes every stock­
im n n r t n T ^
Tru8t Companies.” In the latter year (1888) the more holder in a “ trust company ” liable for debts, &c., “ to the extent o f
im poitant sections relating to investments were amended. In the fol- “ the amount of their capital stock.” Section 31 forbids any officer or
low in g citations we have combined the legislation on the subject of employee of a savings bank, etc., receiving any fee or present, etc.,
Investments of the two years, and therefore present the law in the directly or indirectly, for any loan made or security bought, etc.
particulars mentioned as it exists to-day, no changes having been made
The next section (32)we give in full. It confers authority upon sav­
by the Legislature of 1890.
ings banks to make deposits on call in banks and trust companies in
We first give Section 23, which has reference to investments in real certain States and cities, and is as follows.
estate mortgages. It will be noticed that the section appears to author­
Section 32.—(A s amended by Laws 1888, page 56.)—The words “ trust
ize the investment of 70 per cent of the assets in such mortgages, one- company in this act shall be construed to include savings banks and
trust company. A
or trust company
sixth of which “ shall be upon real estate in this State ’’—that is Ver­ may deposit on callsavings bank, savings institutionor trust companies
in banks, banking associations
mont. We may assume, consequently, that the other five-sixths may be 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,
o n real estate in any other of the United States.
with or without interest, as may be agreed upon, sums not exceeding in
m the aggregate twenty per cent of the assets of such savings bank,
*See State of Maine for some general statements under this head.
savings institution or trust company.
P . 01. P ayable.

AgriculturalCollege Fund . . . . 6
J & D June 1, 1910
-Floating debt, July 1,1 89 1 ........................................................




$135,500
274^104

Yol. LIIL

STATE AW® c it y SU fpJ-EM EW T.

18

M I D D L E B U R Y . - O . E . P i n n e y , Town Treas­

Section 33 enacts that savings banks may hold real estate acqiiired
urer ; H . S. S h e l d o n , Village Clerk.
on foreclosure or otherwise taken to secure debt,
* demand
within five years, &c. Section 34 authorizes savings hanks to demand
Middlebury town, including the village of the same name, is situated
and receive on loans 6 per cent interest.
,
thft
The foregoing covers all the sections hi the act given under tl e in Addison County.
VILLAGE.
TOWN.
„
_
_
I HANS—
When Due.
general head of “ Investments and Loans.”
When Due School 5s, * 5 ,0 0 0 ..... . . . . . . - -.1894
l HAN^_
JL W all 5s, «pxujwvv
U nH
onK 1 9^
B A N K S-N A T IO N A L, ST A TE AND SAVINGS INSTITUTIONS. Tow II nt»ii 0 0 , *18,350.... -¿¿v1? r t n
Called at option of village.
1891...
Water 4s, $30,000.................. 1921
—The capital of the national hanks m Vermont has sligh y d
its Tax valuation,$1,000)..
Tax rate (per
$12 00
since 1885, hut the number of banks has increased, and the deposits Population 1890..................... „ ’^ 0 Population 1890......................1,762
Population 1880......................1,834
Population 1880.....................
have very decidedly increased. Below is the comparison.
V ermont—
July 9, 91.
g
Number of hanks.......
50
............
^ aqo
*455,000
Capital......................... $7,210,000
............
^ ’ ll3 ,9 0 8
120,520
Surplus and profits... 2,583,899
............
5’l25,545
2,480,946
Deposits,individual.. 7,750,52a
............
There are no State b an*. ot loan and
the 50 national b a n t. hare, It will he seen, J7 ,210 000
528 denosits and *2,583,899 surplus and profits. The gro
savings^hanks’ deposits has been very rapid, as will appear
? o lW in g ^ n th e ¿ t a ls for the latest year are included the operations of
T Z trust companies, hawing some olIthe
.a ™ * » h a ^ a
For 1885 with the trust companies included (8 then) t
p
would he *13,699,231, and for 1880 with them included (5 at that time)
the deposits would he $9,075,314.
1890.
1885.
1880
1875.
Savings Banks—
June 30.
June 30.
July 1.
Number of banks . .......
31
29 1*43
22,972
Number of depositors.. 65,759
*7 348,812 $6,004,694
Amount of deposits...-$19.330,564 $11-218,285 $7,348
* >221^51
Surplus and profits.... 1,113,207
54y’|86
’252
261
Average each deposit.
294
Including the trust companies mentioned in both^perioids^ the
deposits now of *19,330,564 compare with only $9,075,3

M O N T P E L I E R .The town of Montpelier is situated in Washington County and
includes the Village of the same name, which has a debt of its own as
indicated in-the follow ing:
^
Amount
Outstand­
l OANQ—
Safe' When'
-PrmeipaZ,
ing.
LUAINo
p fit payable.
When Due
N A M E A N D PU R PO SE.
P- Gt. FayaO
^ 1 9 0 1 , su b $23,800
< J \ ject to call after
fc
Town funded loan 1881.. 5
I
5 years.
(Jan.
( Jan. 1,1903, sub-)
sub23,500
J & J \ ject to call after >
do
do
/
5 years.
)
(Jan. 1,1911, sub-)
40.000
J & J \ ject to call after >
do
do
1891..
5 years.
50.000
Village water works bds. ..
—
IN T E R E S T -W H E R E PAY ABLE.-Tow nTreasury.
T A T * ■ n p RT p Tr —The town’ s total funded debt March 1,1891,
w l.» l7
deit, funded, »50,000; unfund«! ^ » ‘ - » . 0 0 0 The Village debt was all on account of water works, which cost over

1880.

I

$100,000.
,
. - aQ(x
A c c c c c p n V A L U A T IO N .— Assessed valuation of town
w af:S Real estate, $1,702,230; personal Property and poles, $
r
222; total, $3,294,452; tax rate (per $1,000), $18-50.
POPULATION.—In 1890 population was 4,160; in 1880 it was
3,219.

C it ie s , C o u n t ie s

and

T

owns

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

B A R R E . — A . P e r r y , City Clerk.
This town is in Washington County.
LOANS—
When Due. Tax valuation 1891...-$2,187,000
Real value (about)........ 4,187,000
Sew er B onds—
4s, J&J, *38,000........ July 1,1909 Population 1890......................6,812
Par value of bonds.......
$l>oou Population 1870......................1,882
Int. paid by Coffin & Stanton, N.Y.

B U R L IN G T O N — W

il l ia m

A. C r o m b i e , Mayor

R U T L A N D . — J. w . S t e a r n s , President.
This village is in a town and a county of the same name.
Total debt Mar., 1,:1891.. - -$77,500
LOANS—
When Due. (Including water debt....... 62,500)
F unded Orders —
Estimated village expenses
5s.
.... $5,000.........................At option 1891............. - - ......... : 13,500
for
44s
10,000.......1890 to 1893 Population of village in
($25,000 due yearly.)
1 8 9 0 w a s ....................... »>^3»
Water B onds—
Population in 1880 w as.. . . . 7,502
5 s ,....... $25,000............. July, 1893 Population of town in 18901:L 760
5 s ....,
6,000............. dan-’ l§|Z
5 s ,...., 13,500............ Jan., 1899
5s
, 18,000..............July, 1899

S T . A L B A N S . — B. D. H

o p k in s ,

Town Treasurer

and Village Clerk.
This town is in Franklin County
The Village of St. Albans, with separate taxes, valuation bonded
debt,eto.,isa municipality e ov erh « a part of the
school district, with still another tax assessed for school purposes, is

This city is in Chittenden County.
Burlington includes in its outstanding debt $114,000 bonds that
are held in the sinking fund. When these are deducted along with
Amount
,— Interest.— >
the water bonds (the interest on which is more than met
Outstand­
Principal,
Rate When
ing.
from water revenue), the liabilities remaining unprovided for are
LOANSWhen Due.
P. Ot. Payable.
NAM E AND PU RPO SE
$5,000 yearly
$85,000
very small.
Amount Town—Refunding bonds. 3»s J & J
on July 1.
/— Interest.— .
51,900
Outstand.
Principal.
i OANfi—
Rate. When
Village—Water bonds ’ 84 5
........ 5 Oct. 1 9 ! .to !9 0 9 1
ing.
When Due.
95,000
N A M E A N D P U R PO SE.
F. Ot. Payable.
A & O £ * 5,000 yearly. 5
do
do
’90 4
$20,000
July i , 1893
City improvement bonds....... 6
J & J
15.000
J & J July 1, 1894
PAR VALUE OF B O N D S.-The Village 4s are for $500 and $1,000
do
do ........ 6
25.000
J & J July 1, 1891
Water b o n d s............................. 6
30.000
J & J July 1, 1894
do
.............................. 6
J & J July 1, 1906 «135,000 T m t c d c o t - w m f r F PAYABLE —Interest is payable at Boston»
do
............................. 4
( Apr. 1, 1931'
M ansion the V iiilge 4 per cents, at the National Bank of Redemption
A & 0< subject to call «160,000
Refunding RR. bonds, 1891... 4
£ Apr. 1,1911.!
in said city.
- . « ■
„
T O T A L DEBT E rc.-T o w n ’ s total funded debt March 1,1891, w as
INTEREST—W HERE PAYABLE.—
Interest on the issue marked
« a” is payable at Fourth National Bank, New York; on all other issues $85 000; Village debt March 1,1891, $146,900.
A c o c o o r n V A L U A T IO N . — Town’ s assessed valuation (same as acinterest is payable at Ninth National Bank, New Y ork; also principal,
“ u w ™ ' B « 1 ©state,
when due.
T O T A L DEBT, SINKING FUND, ETC.-Totalbonded debt Janu­ $1 241,679; total, $3,5.16,825. Tax rate (per $1,000), $7 50.
wil I AftE PR O PERTY .—The Village owns its water works with
ary 1,1891, $385,000; deduct bonds in sinking fund, $113,995; net
©MOO w S o gallons eapaolty. In year 1890-01 ©a.H water
debt, $271,005, of which $190,000 is water debt. The city has also a
floating debt, for reservoir construction, amounting to $20,000. This receipts were $9,836; operating expenses $3,246
POPULATION.—! 111890 was 7,771; m 1880 it was 7,l0d.
is to be paid in annual payments of $2,500 each. The sinking fund is
invested in city bonds. Of the 4 per cent refunding bonds issued
April 1,1891, the sum of $60,000 is reserved by the city to retire the V E R G E N N E S . - J . 0 . H i n d e s , Mayor.
same amount of maturing bonds now in the sinking fund.
This pitv is situs/tcd in Addison County.
, ' *
ASSESSED VALUATION.—Assessed valuation of real and personal
Vergennes is remarkable in that all its outstanding bonds were issued
property in 1886 was $8,450,000; tax rate (per $1,000), $11; in 1890,
Amount
real estate, $6,927,963; personal property, $3,217,209; total assessed for water works, as follows:
^Rate
When
Principal,
Outstandvaluation, $10,145,172; tax rate, $12.
LOANSP. Ot. Payable. When Due.
mg.
POPULATION.—Iu 1890 the population was 14,590; in 1880 it was N A M E A N D P U R PO SE.
6
M & 8 Sept. 1, 1894
.
Water loan........ •.............
11,365; in 1870 it was 14,387.
F & A Aug. 1, 1908
26,000
IN T E R E S T —W H E R E P A Y A B L E .— Interest payable at the office o f

F A IR

H A V E N . — C. R. A llen , Treasurer.

Fair Haven is situated in Rutland County.
The details of its debt and resources are as follow s:
Sinking
$5,700
LOANS—
When Due. Net debtfund....................
1891..................
49,300
W ater B onds—
■ Tax valuation 1890.........1,098,862
4s, J&D, $35,000........
rax rate (per $ 1 ,000) —
$15-00
Subject to call after 1895.
Other indebtedness............ $20,000 Population 1890......................2,791
Population 1880......................2,211
Total debt 1891.................. 55,000




“

total

D E B T % b e total forded debt oo Marob 1, 1891, wae

valuation ot real estate in
I S b f ™ , I ? 5» ! oOD; o , personal property, *300 000; total assessed
valuation, $750,000; city tax rate, $12-50 per $1-000.
was
POPULATION.—In 1890 the population was 1,773,
1,782; in 1870 it was 1,570.

October, 1891.

&

State of Massachusetts.
ITS

19

PAR VALUE OF BONDS.—The coupon bonds are in $500 and
$1,000 pieces and the registered $1,000 and upward.

IN T E R E S T W H E R E P A Y A B LE . —Interest on all sterling bonds is
payable by Baring Brothers, London; on all others at State Treasury,
at Boston.

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

T O T A L DEBT, S IN K IN G FUNDS, Et c .—The subjoined statement
shows Massachusetts’s total funded debt and the sinking fund held by
One of Original Thirteen the State against the same, on the first of January of eaoh of the last
g
two years.

T o W i!feda8t a ,f e
a!
'
- W
lotal area of State (square miles)
State C a p i t a l .................................................................Bosto
i f u n d s ^ ...........................................$31,311^58
$28^251,287
Governor (term expires 1st W ed., Jan. 1892) William E. RusseH S f o M n funds.................................................. 21,568,960
Sinking
21,015,939
Secretary of State (term exp. 3d Wed. Jan.,92) William M. Olin
Net debt on Jan. 1 .......
$9,812,198
$7,235,348
Treasurer (term exp. 3d Wed. Jan., ’92)
George A. Marden
Sinking F unds in D e t a il . On Jan. 1, 1891, the sinking funds for
■Legislature meets annually the first Wednesday in January, the several loans stood as follow s:
and sessions are not limited as to length of time.
■Sinking Funds-----

.

.
Loan.
cash.
Securities.
Toted.
$111,000
M a i n e * « ^ E B T - I n 1821, tlie year following the date of Arm ory................................... «9 745
$120,746
Boston Hartford & Erie RR. 13,229
3,676,233
3,689,462
debt
Massachu8etts>the amount of Massachusetts B o u n t y . . ......... 760,768
6,856,335
7,617,103
nearly *500 o o o 1 deduotl“ g the Portion assumed by Maine reached Prison and hospital... 65.382
1,789,771
1,855,152
State House. . . . . .................. 58 015
157,500
2
Z ° r0’000’ Wa8 paid off. At that time the State’s financial Troy & Greenfield R R 119,884
215,515
7,951,098
8,070,982
a little d i f f e ^ r r i i T ^ 11 £ ? * * ° are and eoonomy. But in 1835
Total..............................$1,027,023
a t least th e t 8pirit appears to hav® possessed the people, or
$20,541,937
$21,568,960
fe a rs taxes g 0TOrnm9* t; for at that date and during fo llo ^ n
V A LU A T IO N . The State’s assessed valuation has been
th e L m e L Z T f
&Ud appropriati<>a« made without as follow s:
theretofore v l
the ways and meai18 of payment that had Years.
Beal Estate.
Personal Property.
Total.
fe n ftfr e a
° b8erve<L As a consequence the excess of ex 1890................ $1,600,137,807
$1,013,077,330
$2,613,215,137
1,529,499,912
L i l v h ^P6?oea n the 8hape of a gradually increasing floating 1889.........
958,980,774
2,488,480,686
939 051 472
ftoek Th t m 8 9 reach6d $300’000>and was funded in a 5 per cent 1888................ 1,460,520,022
2,399,571,494
1887................ 1,407,660,086
904 865 934
2,312,526,020
S n a t h e s t a T 0Unt ** ° f °0Ur8e’ more 8igaid«aat o n a o e o u X Z 1886............. l,34o’493Ì673
839,409,214
2,179,902,887
toeing the starting point of the present indebtedness of Massachusetts 1385................ 1,287,993,899
827,043 710
2,115,037,609
1,258,452,712
829 339 811
2,187,792,523
through m ! ? 1 ° V t8 8lZe’ th0Ugl1 “ th08e day8 8ize
*
not rn eS S ed 1884................ 1,226 111,297
835 601 175
2,061,712,472
Se
T glaS86S- Ifc is of interest, too, to mention that a m o f 1883................ 1,189,524,370
1882................
812,858 614
2,002,382,984
o n wheat and l n f ° f *bl8 period was one of $32,000, a State bounty J28;!;................ H i ? ’?££’ 827
883,886,538
2,033,852,365
as wa hi.™
Production, indicating that the same thought which
816,695,358
1880................ 1,111,160,072
1,927,855,430
i
! T
pr6Vailed 1 1 Maine found lodgment also in Mass1
No t e —In 1889 the personal property includes the following item s:
achusetts; but in applying the thought, the method used and the amount Personal property (including bank stocks), $553,996,819; bank stocks
^ A n fh e ? a W
d
the ° ld Bay State posse88ed tlle more frugal mind.
held by non-residents not included in foregoing item, $30 006 787 •
d e t t f c f r e f i i l 837T ° ? w
departure in the matter of the State savings bank deposits, $216,296,406; shares in corporations above
oeoi; occurred in 1837. In that year the first loan was issued in aid of
real estate and machinery taxed locally, $212,777,318; total, $1 013 railroad construction, the issue being in behalf of the Western Railroad 077*330»
« 2 100 o o o f f 6 Boston+& Albany), and the amount of the issue being
P O P U LA T IO N OF ST A T E . Massachusetts has the largest popula­
f n n f ° ’t w ’ « dGr T aCt ° f February 21>1835. Subsequently it was
found that the estimated cost was much too low, so that the State tion of any of the New England States. In 1790 numbers were 378 was compeUe«! to add other subscriptions, the last being for $700 000
422’845; ln tbe next fifty years the increase was to
994,514, but it is in the forty years since then that the additions have
t0tal i8sues
r a c M $ f o o o T0 ° . Other similar liabilities werefor that S in aid been especially marked, the 1890 Census showing a total of 2,238,943.
i,o o o ,0 o o oth emaWnf
assumed S e
o f other roads about the same time, so that the total debt 1890............. 2,238,943 I 1860............ 1,231,066 1830............ 610,408
1880............ 1,783,085 1850............ 994 514 1820............ 523,159
o f a u fe T b »
f ’ am° Uuted t0 $6,044,555. Later transactions
1810............ ■*,*„<*„
472,040
o f a like character are so familiar as hardly to need recital 1870............ 1,457,351 11840............. 737,699 H H ...........
It deserves to be pointed out that in the last three decades the rate of
here. And yet this brief resumS would be lacking in its most
oonspicuous feature were we to omit separate mention of the T v Z l growth has been steadily rising, having been 18-38 per cent in the de­
■Greenfield Railroad and the Hoosac Tunnel. The Hoosac Tunnel enter cade from I860 to 1870, 22-35 per cent in the 1870-80 period and 25-57
prise first received legislative recognition as farbackas 1 8 5 4 ,Z u g h t h e per cent in the 1880-90 decade. As showing the State’ s coincident
growth in wealth it may be noted that the deposits in the savings banks
oarliest issue of bonds under thatact, of 22,500pounds sterling wfa
of Massachusetts on October 31,1890, amounted to $353,592,937, be­
the State took it up, carrying it on until 1877, when the Governor in his ing an average of $158 per head on population.
,P^.®T LIM IT A T IO N S. There seems to be no provision in the Con­
i 6 ! I8f tUre ann011I109d that the tunnel was finished, the
v,
stitution of Massachusetts limiting the power of the Legislature to
I.* 1
° f boads by the 8tate on account of it reaching $14,198,028
Of coursefor all subscriptions to railroads, etc., the liability in cases cr®
a4® ®tate mdebtedness, or limiting its power to authorize municipal
indebtedness. Statutes general and special have, however, been passed
to the6S t a t e ° Wn
property was covered by a mortgage
on this subjeot with respect to Cities and Towns.
to the State on the roM aided, sinking funds being also provided for
the redemption of the bonds when they fell due
First among these Statutes needing mention we have Chapter 29 of
Civfie
War1 V ™ 86 °laS8 ° f d6bt Massachusetts has incurred is the j the Revised or “ Public Statutes.” The important sections to be cited
:^
Civil. War debt. Payments on this aoooount, in one form and another contained m Chapter 29 are as follows. We give only the substance
0 1the sections, not the words.
Auditor'L a d d f ^ s f * 10^ t0 ^ Pr686nt time’ We notioe that 8tat«
8®cTr9^ 1—Provides that cities and towns shall not incur dAht
to close o o s s f as f o l l o w *
° f am° UntS 8° d i 8 t o d do™
o S l r m t i e ma“ “ er “ a within tte S S S a S f.
a
S
i
For State and military aid from ^Sfii t n i a i s
^
_
For amounts reimbursed cities and fnWn a k J*'
....... tj $18,242,324 35
T'or bounties paid bv Sta te
d t0Wns’ bounties Paid 3,486,140 59
For interest paid on bounty loan: 7.'.! V '" 7 . ; I
Total payments on account of Civil War....................
45 1
The above he says, does not include interest on the State aid pav
~
o no Y a! f d at f per ,cent “ tbe aggregate would reach over
W 9 fOOQ,OOQ. At the close of 1890 there were outstanding of bonds
issued on account of the war less than $9,000,000. The whole debt at
that date was as below.
* at
1aam o
'— Interest.— ,
Amount
Principal,
Outstand­
N A M E A N D P U R PO SE.
P^O t S u a b le
ing.
Armory bonds, gohi................ .. 3 g‘ mT & Sept. 1,Due.
S When 1918
$830,000
uo
do
do........ .
s m a a
Sept. 1, 1920
55,000
B B- eter’g. c*,fer!
5g
J &j
Bounty fund, gold......... lo*<fcr’ 5 g M & N Jan. 1, 1900 .£743,600
May 1, 1894 $4,379,566
’
do
do sterling— c*«fcr. 5 g M & N
Danvers Lunatic Hospital. o*<fcr 5 g J & J May 1, 1894 £826,600
-----Jan. 1, 1894 $650,000
do
do
do
c*,fcr 5 g J & J
250.000
do
do
do
c*&r 5 g M & S July 1, 1894
Sept. 1, 1896
450.000
, , .do
do
do
o*&r o
M &
150.000
3 „ J & S Sept. 1, 1897
Metropohtan sewer...........
J
State House...................’ ’ ” " g ° J & J Jan. 1, 1930 3.050.000
July
1901
630.000
State House construction
r 3 a A & o Apr. 1, 1909
1,
2.500.000
State prisons, sterling....o*&r 5 I J & J
T roy & Greenfield R R ... ,o*Ar 5 g A & o Jan. 1, 1895 £267,000
S
Apr. 1, 1891
do
do
do.......'c*<fer 5 g A & o Apr. 1, 1893 $216,500
do
200.000
do
d o....... c*(fcr
J & J July 1, 1893
do
400.000
do
do....... c*&r l l A & o Oct. 1, 1893
do
550.000
do
g o ld ... c*&r 5 g J & J July 1, 1894
do
300.000
do
g o ld ,.. .c*&r
J & J July 1, 1895
do
do
Kg
gold....c*<fcr 5 g M & 8 Sept. 1, 1897 1.300.000
do
370.000
do
steri.. .c*&r 5 g J & J July 1, 1891
do
do
ste ri.. .c*&r
J & J July 1, 1895 £743,500
Worcester Lunatic Hospital,
i g M & N May 1, 1895 £309,500
do
do
¿0
5
M & S Sept. 1, 1896 $750,000
350.000




is p s s s s r s s
s E s s a s s r«

theE13thN
dav ^f^TinvA
valuation for that vAar

«of a

S

a

r

and ^ J which were indebted on
iOW18
;4° an amount not less than 2 per cent on

M

s

a

s

s

- »

6 extent

debts fo^em im rvV
loana^bi^ a 68’ +- “ ma7 by ordinary vote iflour
01^
5
0’’
year’s taxes™ exYensuing antl01Patmn of the year’s taxes and of the
seotionI6^haIi^ATnle
,rrAdat i0t£er debts than those referred to in
present at n town ™ ° ^ edonlA by a vote of two-thirds of the voters
branch ofth e cTtr
° l two-thirds of all the members of each
diTOBroveahvnrinth«Ci ’, and approved by the Mayor; or if the Mayor
pp ves, by another like vote after notioe of such disapproval.
witMn ^(fvearo^n i«^e J liat+
n
debt8 lncurred for water must be payable
within 10 years.
0
tructing sewers within 20 years; all other debts

B
teifn '
”

*>

has^cefoAd8^ o°^ide8ABal any city which at a meeting of its voters
w a t e r ° m a v h a two-thirds vote any act to supply said city with
thA
by-ia v°te of a majority of the members of each branch of
the city council contract debts and issue bonds for the purpose
h - i T t ? —Provides that towns, &e., shall not increase their debt
b/^ A s crip tio n s m aid of railroads beyond 3 per cent of valuation -ft « /
8haU not applyt0 tem por^ ^ loans1men-

As the reader has seen, the foregoing (Section 4, Chapter 29) fixes the elded, howecer, that »»lU bonus D e i» » ™ m »
„„.fth a t an amount
to the amount of such existing
general debt limitation for cities and towns at 3 per cenj.
_
-8 refund said existing first
of such bonds equal at the p
tpnns of the mortgage securing the
y This general limitation was lowered by a later law. The pr
found in Chapter 312, Section 2 of th e “ Public Stattutes
sion reduces the general debt limitation from 3 percent to
j mortgage indebt^ness ^ n d for the ghalfb?deposited with and held
cent on the average valuation for the preceding three y
•
Lynn, Gloucester and Brockton are in the same Sectionexemptedfrom
savings banks.
to
the operation of the Section until January 1,1889 a er
purp0se, the commissioners ^ the Boston A Maine j j ailroad, issued accordingan.
Bonds or notes of
Kaiuuau.^^
ra.lrdad> f ®
only exemptions we find in the Statutes are specia
not sonoriil.
, rtT A •» QAAtion 6 S n y X ^ S f e ^ B S 6 in l ^ I a ^ p S r l f ^ f ^ r t o i o u T h
T _
^
The temporary loans provision, as it appears ab
omitting
(Chapter 29), is also changed by Section 4, Chapter
, y
« and of the year next ensuing; ” so that at present
$
ordinary vot t can incur debts for temporary loans
C bC ™ o S ? national bank looated in any of the New England
T
the taxes of the year only in which such debts are
ln tbeir
The foregoing statements cover all the material
% addition to
application passed with respect to debt
as Pr9 ^ d® ^
1 ^
i
trust eomthese General Provisions there are various Special Laws
Bog_ monwealth,year eighteen°u 1^^ ed ^ ^eLtv-eW t, or of those as SUch b y
acts of the
hu
d^ ^
exceptions to the general law as to debt limitation, wine pP y
ton Cambridge, Lynn, Newburyport, Waltham, Worcester, &
•
A full statement of the law as to the debt limitation o e
S i T i S « » ®
* » s60ti0IS tUrteen “ at0" te6n of
cities (for which special provisions or exceptions have been passed)
b© found in connection with the detailed statement
given in its order below.
S T a k t iV3
‘
“ &
nor. X t i l & o ! 100'000’
exceeding one-quarter o f the capital stock thereat. ^
deposits,
S A V IN G S B A N K IN V E S T M E N T & -P 9 W E R S AN D I J E S ™ C B e a l E s ta te f o r B a n k i n g
a site and the erection
T IO N S —The provisions regulating the investments
o r 'p T e p S i S ? S t a b l e b u ild in g V the convenient transaction of
I T g f - b a n i a n d in »«t».icn sfo r
talned ln Section 20, Chapter 116 ot tt e Pnbho Statute^ Ttose pro its business.
_M a v om m eaiesv
B e a l E s ta te b y F .o r eclosu re.-M aymhold real estate acquiredthe
^after byvisione have been compiled by the comnUBmoner»
e do
and we eannot do better than to give their compilation, which

ssss

» v a g a ban* depo.lt» and the Income derived therefrom shall be invested only in manner following, to-w it.
P u b l i c F u n d s .—Aggregate o f Investments Unlimited.
Bonds °oVanyU
o^the ^ew England^States.^. ^ penn8ylvanla, Ohio, In-

S K S s S h t e i S u t e :S

dian aflow i,V iscon sin, Michigan.andof^the
Bonds or notes of any county, city or
Massachusetts whose net

f ,,

A

See chapter 77, A c.» o f

o f deposits and income. Bonds or other personal ^
^
tw0,
and to be paid at »
of^^^dresident in thi&
sureties, if principal aJ d 1
« tota 1liabilities to any such corporaCommonwealth, P ^ ^ e d ^ a t t t i e ^ t b t ^ ior money

tion of the property therein for the tate™ oft Maine, New Hampshire,
Bonds or notes of any city of the States or
does
therein for the assessment of taxes.

S
£

3-886. n s o n B e a l E s t a t e .—seventy pei ^
^seventy per cent ojf whole amount o f
L oa
this Commondeposits.—First mortgages ou i^al estate
cent of the valuation
wealth, to an amount not
® n?mo ? ? e ? o r t of not less than tw o
d\
thereof, no loan to be m„ade except upon
to tbe value o f
t e K m ao r t g a A 9i u o h ’report to be
and preserved

a® *5 Sss:a!SA®
s^

Pr°Perty

ata+e8 0f Maine, New

S 5S S S

. « ¡ a

»

nnumucd.

b f i ^ a s s ^ s — g g K jia a M s s a a fS
city of the States ¡of _Hew Ybrk^OWo, D

» f u of such investment per annum on all issues of
b t o ^ i o r i i v e n() more than
fr
tarkX value thereof, such note or notes to
moC S
re1 than°30?00p
cle ^ o itre a su re r of the date of such uote ®
iS
State census (or city f ^ ^ ^ ^ a n n e ? a sa national or State census i S S S g E S S S & S S 1 S S S S a S be paid or renewed within one year
0 ' s f c f r a i i S “ ''mponlee mall not be corM ercd railroad companies
1

- S £ S s s s a « - r

the United States; any °3 tfi® ^
+7 or town of this Commonwealth;
bonds or notes of W
Hampshire, Veiy
bonds or notes of W ( ^
*Xut!
T e t indebtedness: does not,
mont, Rhode Island er
valuation of property therein
exceed five per cent o± thelast p
0r notes of any county or town.
thereof whose“Z tfndibtedneM* doe. not exceed three per cent o f such

V & S S & t to ^
“ 5 f f i ^ 4 w e S S
A. collateral
&
a
Notes ot any citizen o f t - p ^ r n i i a v i v a T i i a Otiio Micliigan, Indiana ^
of the the b o id s pf ^ ■ t i ^ n f l O o f 8 » ^
of any city
Illinois, Wisconsin,
of New York, issued for municipal
of the aforesaid States and the.Btate.ox,
»
maturity bonds
purposes, and refunding
S & c i p a l P r o s e s , but on
which have ^een issued for othe^r tna:n^mu ^ P / tlie date of such
unencumbered by mortgage, whmh ha p «receding such investment. which the interest haa been fuU^paio, w p en establislied by the last
oonM ered railroad companies

S S s s &

s «

«

^ i S t S f f f i S S & t o g v a t o t i o n o f the property therein for the
t & i f f i t i S f i i B * f o ° & M r t o n CifnSn Fitchburg * New Bedford

mS S ^ t i t ^ d e ig h t y p e r e o n lo f t h c m a M r a ln e o f the .cea ritu ,
S

B B S b a S S t e . r 'of the Fitchburg Railroad Company, burned accordln§irst mortgage bonds of the Worcester Nashua & Rochester Kailroad
Company, issued according to law, notwithstanding said roa

of any of the following securities^viz..

“ b “ r £ B ? t « 1 t th®“K t o n & Lowell Kailroad Corporatloh,d.sued
n
according to law, notwithstanding the mortgages on
P o r t io ^ f its
roadtormerly belonging to the Salem & Lowell and Lowell & Lawrence

M v i d S i d f f i W o year. » » « S ^ / . ^ S r t t S m p a n y , of any

raS m n S e b o n d 8 of the Concord & Montreal Railroad, notwith-

r .S d m
«

3

>

^

^

^

England States,

^

S

»

i

the law s
n o it pr6_

notwithstanding tne m o i i a a g c Coiloord & Montreal Railroad:
“ S S o t t S e S n ^ o fa —
eX1!^ tn ^ s a m e °b e made applicable exclusively to the payment of such
euring the same, oe mau i y ftnd for tlie purp08e of securing such
existing mortgage in d e t
game shall be deposited with and held
payment at the matunty
tn d e r the laws of this Common-

& S t i S S S ’8s

a8 may be approvedbT

the board
the Mame Central Railroad Company, noth
w Rl^^™ dSga^ e bexistence o^ a mortgage indebtedness not matured

o f’“ a p i M S o *
c
% n d I d ?n o te
b

the'road of »«oh company may

O l f c o t o y B ® ad Company.

ifr s fm o r tg lle

CB S ? r notes of the Boston & ^ g H
0
f f l l S a d , ' notFirst mortgage bonds of the Cracor & i union 0f two or more
withstanding such company be formed by ro
dividend? for the
companies, only one of which has pam ie|
it8 issues o f
* The term.“ net
two years next preceding such investment indebtedness existing
statute limiting or regulating t ®
^
funds, shall be construed to
a
n o b e l o
banks and t™ 8* com panies,or
f 0wn 0r district omitting the debt capital stock, of n d road tformerly n g t a g to the Boston Concord &
on that part
its
belongmg
bonds shall be issued
denote the mdebt® ne8S+
d.
^fAs^?uaUitentsiwith water, and deducting the
S ° w S ?ra t o ° f a i f r l f n t w * l n d
said exi»«n g t o t mertgage
ness.




A D A M S . - A . T in n e y , Town Clerk.
This town is to Berkshire County.
When Due.
Valuation, etc.—
R ailroads —
Total debt to 1890..........$164,833:
......... $13,000.....................
Total value town prop­
School H ouse—
erty (estimated) water
.............$ 1 5 ,0 0 0 .....................
works, etc..................... 164,000«
Sundry L oans—
Tax valuation to 1890.. .3,649,919
.............$13,500............
Population in 1890 was.......9,213
Water works, *$115,000 .
........ Population in 1880 wa.s........ 5,591
Other debts, $8,333.............

„ LO A N S—

mw »< » p
’

p

^

^

A

t e S

K

^

f e

w i t h s f a ^ / t l e e x fs tn c V o f f
upon the whole or a part of the

ComPany, notmde.^ted?,ess not matured
.comPany:
renew and refund said existing first m o i t e a L m - p a r t to
an amount of such bonds equal atthe nar valfm t^d+ ^ d
’*
au# that
* Bonds loaned South Adams Fire District.
existing mortgage indebtedness shallf by the te m s oTibpU ^ 8UCh
^
securing the same, be made a p p l i c a b l e e x c W )L ti le moi% age
such existing mortgage indebtedness • an a ft!?8
«
y to tlle payment of
such payment at the maturity o fth e tame L w h H T l 86^
Chairman o f
ited with and held by such trust ™™™a^m£ ’,?aid bo? d? sha11 be denos- A G A W A M . — J ames F. B arry ,
of this Commonwealth and doing iiustae’ss inThe ^ ftv ? ? / tr/ ? € laws
Selectmen.
“ ^ ^ a p p r o y e d b y the comm issfoners o fs a v ta g s banks
t0“ ’ as
Agawam is in Hampden County.
law , notwithstanding a n ^ m o r t g ^ g ^ m t h a S w t o f i t ^ ^ocording t o
LO A N S—
When Due. Total debt
clnses and p ro p e rty fo rm e r! v hpirm c r i ™ r a i l r o a d , franio w n
N otes for Schools, Net debt.. Sept. 15, ’91. $44,500*
...................
38,000=
R oads , B ridges—
Tax valuation............... $1,223,219
a«’ / T V
? 2,000......o n demand Tax (per $1,000)...........
$13-20
i ^ 5 ’ 25,000......On demand Population 1890 w as...
2,352
oS’ d ^¿5» . 7,000......° n demand
2,216=
36i0s,J&D 10,000......May 1,1895 Population 1880 w as... .
Pledge as collateral of the stock of anv bfnir i ^ a° nw<;ali l1’ with a
provided, however, th a /sa id bonds h e^ su ed fn ^ h n i«0^

m s a A ^ ^ ^ s s t^ s ^ s ^

deposit and trust fom paliy, inJorpSated^under^thflaw T of
8afe
business w ithin this Comm onwealth as n r o ^ L ^ f ^ ^ ° i anJ dom S
d
hundred thirteen o f the
ofT he yekr l ig h W n h n n S c. aPter four
h
o r o f those trust companies, or s a ffd e n o s it
d ^ W r e ig h t,
corporated as such by special charters ^ a n t e d under t h e ^ pani? S’
doing business within tins C o m m o n m l t i . w w „
the law s o f and

A M E S B U R Y . - A . M. H untington , Treasurer.
Amesbury township is in Essex County, on the Merrimac River, about

° l Bf t0n’ With whioh “ 18 connected by the Amesbury
Branch of the Eastern RR. it contains extensive manufactories o f
carriages, woolen goods, etc.
LO A N S—
When Due.
Valuation, etc.
F unding B onds :
valuation, 1890... .$4,480,321
4s, A & O
$70,000....
1900 Tax tax rate (per $1000)
Tot.
$16*49
any one flanlc, trust ^om pa n ^or safed en osit^-f°
rrfloa7}s’ *n the stock of Town notes. 44,011
Population in 1890 was.
9,798‘
exceed three per cent o f B s i t Z n o / m o r X ^
not *> Total debt Apr.l,189i.'.‘ . $114,011
do
in 1880 was.
3,355
gg 215
s^sedm g one-quarter of tie capital sTocklhermf
’000’ H° r an amount Net debt............................
do
in 1870 was.
5,581
sonafnotes4 o ®
d
W
t o r s ^
Unlimited.-Perhalf of the amount of his denosft to
buti “ ot, exceeding oneW. A. H unt , Town Clerk.
a D e p S I t o 8u«h depositor as c o u S e r S e o u r it y ^ Pledg6 ° f dep08it A M H E R S T .
1
This town is in Hampshire County.
deposit S S k of m o n e ^ f n l l f i ^ n t ^ ^ ^ ^ ^ Unlimited.-M a y
o f this Commonwealth, or to anv n^tton si1n
Cori ? rat?d under the laws
LOANS—
When Due,
Valuation, etc.
P ublic B uildings—
New England Stated or in any t r a s f c o m n « ^ ^ lo,caf d in. any ° f the
Total debt in 1890.......... $143 7 09company, incorporated u n d e / the la w ^ nf
/i afe d®P°8lt and trust ..s ,........, $50,000.....................
Payment to sink, f ’d ’90.
7,000
this Commonwealth, as provided
01? g basioess within
R ailroad B onds—
Estim’d value town propteen of the acts of theyear e t o h t o « / f oar hundred thir- - s , ........, $ 4 8 ,0 0 0 ......
erty, buildings, etc....... 135,000
trust companies, or safe denosft an<? trm!*1 “ Skty-mght, or in those
^.«
School L oan—
Tax valuation, 1890.......3,290,128•8,........ , $10,000.........
such by special ¿harters g r ^ t e d imder tbn
A T 68A ? rporated a^ •
V
Population in 1890 was... 4,512
within this Commonwealth who^esnprin w h « 1?/ nd doiPS business Other debts, $35,700
.......
Population in 1880 was........ 4 298.
provide the same security as OTescrihwf to1
*J52imre them to
teen of said chapter fo u f hfn^red th toto«/ sections thirteen and fourtog five per cent of total deposits
amount not exeeedo f the capital and surplus o? any such bank tonft ^ enty'flvo Per oent A N D O V E R . — Geo. A . Parker , Treasurer,
posit and trust company.
Y
D k’ trust °°mpany or safe deThis town is in Essex County, 23 miles north of Boston.
B A N K S n a t i o n a l , s t a t e a n d s a v i n g s IN S T IT U T IO N S
LO ANSWhen Due. Sinking fund assets......
$1 2 0 9
-B a n k in g capital in Massachusetts is very large In fact 2 f l ? J i ? ’
Water B onds :
Net
153,809
4s, M&N, $155,000.. Nov. 1, 1891 Tax debt. ................ .
valuation 1891___ 4,277 009
, ($5,000 due yearly) toNov.1,1918 Tax per $1,000 _
_
$13-09
4s, M&N, $15,000.. Nov. 1, 1919 Population in 1890 was.
i» .
6,142
$155,000
present year and 1885.
' H
comparison between the Tot. debt, July 1,’91.
do
in 1880 was.
5,169»
IN T E R E S T is payable in Boston.
---------- 1890-91.------- ,
-1885.„ ..
,
Loan < Tr.
£
Nottonai. Gompanies.
mamactosb™ 3 5 B S a H S S
«5S 52E
Number of banks........
263
90.) (Dec. 24.) (Oct. .31.)
A R L I N G T O N .—

z s m fie"R&ESXZIt
f

, Town Clerk.

Surplus and profits'.' " $4 l 980 112
Deposits, individual.

^qq’^q6,050 $3.300,000

*97,167,500 capital, *41,080,112 surplus and *?62 735 M o 'd ” "’ " ' f '
and besides these were Oct 31 1 8 0 0 1 / ?
^
’ f 5’ 586 deposits,

c Z in r j;r .e d 7 s f
.Zd“^ r L w p
s

more savings banks than the latter.

’

r d¿ f e g r
dtt

t

lly has

This town is in Middlesex County
LO A N S—
When Due.
Valuation, etc.—
T own Notes—
Total debt in 1890.......
320,416-78, A&O, $7,000.. ..Apr. 1,1892 Sinking fund assets___
20,164
k8’
8,0 0 0 ....Nov. 1, 1892 Total value of town
5s, M&N,
8,000
May 1, 1897
property......................
563,556Water Works—
Tax valuation in 1890 $5
6s,J&J, $211,000....Jan. 1,1892 Population in 1890 was. 564,662
. ..5 ,62
5s, J&J,
80,000....July 1, 1898 Population in 1880 was.. ...4 ,1 0 9
9
Other debts...................
$6,416

A T H O L . — J. D. H olbrook, Town Clerk.

This town, situated in Worcester County, has no securities held b y
Savings Banks— o J 93i
1875.
the general public, all the notes below described being to the possession,
No. o f b anks....
179
^ A ? 10c ? ° A
Nor.
No. depositors..
1.083 817
t A
180
either of savings institutions or of the State of Massachusetts
Amt. deposits. .$353,592,937 $274 I l l ’l l 3 «21 s K
o
720,639
LO A N S —
When Due.
Valuation, etc.
T own Notes :
Surp. & profit.
18 394 424
11 814 989 ® f ’S la ’ Q ?! ^23J.848,963
$83,309
Av. ea. depos...
’326
324
7,428 309
5’ 691*4=16 4*8, J & J $54,000.... 1891-1905 Total debt, Feb., 1891.. 3,005,374
Tax valuation 1890.......
(Various amounts due yearlv.)
Tax (per $1,000) ............
$19-09
Massachusetts certainly showed large deposits in 18'7'i -orn
+»,
37s, J & J
$8,400----Oct. 1,1892
in 1890 was.
6,319»
($1,200 due yearly) to Oct. 1,’98 Population in 1880 was.
total amounted to $237,848,963, but n o t the deposits realh toe i / r 10/
do
4,307
3%, A&O
$9,600
Oct. 1,1892
($1,200 due yearly) to Oct.1,’99
S t mS?ogn 5 $353,592,937’
at6
^ number of depositors toeZS

A T T L E B O R O U G H ,

Cities , Counties

an d

T owns

IN THE

STATE OF M ASSACHUSETTS.

A B I N G T O N .—
This town is in Plymouth County.
LO A N S
When Due.
w ater L oan—
- s , ........ , $145,480
Total debt July, 1890
$153 j L i




Treasurer.
Annual interest charge.
$1,644
Tax valuation 1890___$2,184,645
Population in 1890 w as....... 4 260
Population in 1880 w as........3^697

-J. S. B ates, Town Clerk..
Attleborough, which is to Bristol County, was divided July 30,1887,.
and the outstanding bonded debt of $100,000 was apportioned $62,939
to Attleborough and $37,030 to North Attleborough, which see.
LO A N S—
When Due. Deduct also North At.
T own B onds:
proportion of debt.... $37,079
4s, J & J , $25,000.. ..July 1, 1894 Balance, net debt..........
62,385
4 8>&&0, 40,000__ April 1,1895 Tax valuation in 1891.. 4,224,259
=
4s, A&O, 35,000__ April 1, 1897 Total tax per $1,000....
$14-79
Total debt Oct. 1,1891. $140,000 Population in 1890 was...... 7,577'
«inking fund assets......
40,545 Population in 1880 was.......11,111.
A Y E R . — E. D. Stone, Treasurer.
This town is situated to Middlesex County at the junction of the Wor­
cester & Nashua and the Fitchburg railroads. The town’s obligations
are nearly all held by the State of Massachusetts and the Suffolk;
Savings Bank of Boston.

Vol. LIII.

22

LO A N S—
When Due.
When Due. I Cochituate Water—Continued.
LO A N S_
Sewerage B onds—Continued.
6s J& J ,
$8,000---- Jan., 1907
5s, A&O, $17,000.. -.Apr. 1,1900 6s, A&O,
5 ,0 0 0 ....Apr., 1907
5s, A&O, 18,000.. - -Oct. 1, 1900 6s J&J.
1,000---- July, 1907
4s A&O, 100,000. . . . Oct. 1,1|97 5g, A&O, £399,500.... Oct. 1,1902
4s, A&O, 100,000. . . . Oct. 1,1898 5g A&O, $552,000---- Apr. 1,1906
4s, J & J ,1,000,000....Jan. 1 ,1 8 9 J 5g, A&O,1,000,000... -Oct. 1,1905
4s, A&O,1,250,000. ..Apr. 1, 1900 5g A&O,2,000,000
Oct. 1,1906
4s, J& J, 2 4 ,0 0 0 ....Jan. 1,1901 5s A&O
1 0 0 0 ....Oct. 1,1907
-~
5,000. . . . Apr. 1,1901
4s, A&O,
A&O
12,000. . . . Apr., 1908
10.000.
... Oct. 1,1901
268.000.
.. -Oct. 1,1909
4s, A&O,
8.000.
.. . Jan. 1,1902 ?5L&0, 588,000.. - .Apr. 1,1908
4s, J& J,
4s
it»,
’ - - 82,000___July 1,1909
4s, A&O, 317,000... -Apr. 1,1902 4s, J& J,
4s, A&O, 627,500....Oct. 1,1902
280.000. ... Apr. 1,1910
B E L M O N T . — W L . Chenery , Treasurer.
4s, A&O, * 22,500... .Jan. 1,1903 4s, A&O, 324,000___Apr. 1,1912
4s, A&O,
This town is in Middlesex County, A ten-year loan for $25,000, ]^rt 4s, A&O, 500,000... .Apr. 1,1903 4s, J& J, llLOO O -.-.July 1,1913
4s, A&O, 251,000... -Oct. 1,1903
336.000. . . . 0 .t . 1,1913
o f it for refunding, bad been authorized in September, 1891, but bad 4s, J& J, 500,000....Jan. 1,1904 4s, A&O, 466.000. ... Jan. 1,1914
-----9 7,000.... July 1,1904 4s, J& J,
18.5 0 0 .. .. Apr. 1,1914
4s, J& J,
not then been negotiated.
48,
50.000.
.. . Oct. 1,1904 A&O,
—’
Valuation, etc —
4s, J& J,
16.000. . . . 0 .t. 1>191£
4s,
L O A N S—
When Due. Floating debt Sept. 15, ^
50.000. .. .Jan. 1,1905 A&O,
^
50.000. ... Jan. 1,1915
4s, J& J,
4s, J& J,
R efunding, etc ., L oan, 1891^51.500..
. -Oct. 1,1906 145.700.. .. Apr. 1,1915
'4s, A&O,
4s, A&O,
Water debt............. ----42,000 3ias, J & J,100,000... -July 1,1905 4s, J& J,
50.000. ... Jan. 1,1915
v 'Water L oans—
„ ,OO
A
3*28, J& J, 50,000. . . . Jan. 1,1906
TAX VALUATION 1 8 9 4s, F&A, $28,000..Aug. 1, 1892 Personal property........ 1 1,09 A /uo 3*28, A&O,3 59,0 0 0 ....Oct. 1,1906 4s, A&O, 23.000. . . . 0 .t. 1.1915
58.000 _Jan. 1,1916
4s, J& J,
($1,750 due y’rly) to Aug. 1,1907
3^ J & J ,500,000....July 1,1919 .
28,
..
4s, M&N, $5,000..May 1, 1892 K i e8tate: ; ; ; ; : ; : ; : ; : ; ; l l o l l o o 3s, J& J, 30 9 ,0 0 0 ....July 1,1905 4s, A&O, 128.5 0 0 .. .. Apr. 1,1916
.. Oct. 1,1916
4s, A&O, 286.3 0 0
($1,000 due y’rly) to May 1 , 189b Population in i8 9 0 w as........ 2,048
Stony B rook , &c., I mp . B onds |
21.000. .. . Jan., 1917
4s,J& D, $9,0 00.. June 1, 1892 Population in 1880 w as.. — 1,615 4s, A&O, $75,000.... Apr. 1,1914 4s, J& J,
4s, A&O. 161,000___Apr., 1917
($500 due yearly) to June 1,1909
4s, A&O, 500,000... .Oct. 1,1917 I 4s, A&O, 160.7 0 0.. .. Oct. 1,1917
Street , E tc ., B onds—
.
!
20.000 _Jan., 1918
6s, J& J,
$ 3 ,0 0 0 ...-Jan. 1,1892 4s, J& J,
6,300___Apr., 1918
6s, A&O, 549,000... -Apr. 1,1892 4s, A&O, 100.000. ... Oct. 1,1918
B E R K S H I R E C O U N T Y . — G eo. H . T uckee .
4s, A&O,
6s, J& J, 367,0 0 0 ....July 1,1892 4s, A&O, 200.000. . - -Apr. 1,1919
6s, A&O, 400,000. . . . Oct. 1,1892 4s, A&O, 300.000.
. . . 0 .t . 1,1919
Treasurer.
6 s,J& J, 849,000. . . . Jan. 1,1893
471.500..
.. Oct. 1,1920
6s, A&O, 405,000... .Apr. 1,1893 4s, A&O, 100,0 0 0 .... Apr. 1,1921
County seat is Pittsfield.
48, a o w ,
4s, A&O,
Old County D ebt, F unded—
6s, J& J,
7,000. . . . July, 1893 3^28, A&O, 50,000. . . . Apr. 1,1915
LO A N S —
When Due. I 5s, F&A, * 35,000 ...Feb. 1, 1899 6s, A&O,
2,0 0 0 ....Oct., 1893 3^ A&O, 50,000. . . . Oct. 1,1915
28,
N ew County B uilding D ebtJ& J,1,527,000....Jan. 1, 1894 312s, J & J , 100,000- ..- Jan. 1,1916
48, M&N, $60,000. . . . Nov. 1,1903 Total debt Sept. 15, ’91. $220,000 6s, A&O,
. 6s,
81,000... .Apr. 1,1894 312s, J & J, 75,000. . . . July, 1916
4s, J&D, 60,000... -Nov. 1,1891 Assets, includ’ g County
6s, J& J, 40 8 ,0 0 0 ....July 1,1894 312s, A&O, 25,000. . . . Oct., 1916
<$10,000 due y’rly) to Nov. 1,1896
186,000. . . Jan.
4s, J&D, $40,000.......Deo. 31,1897 Population in 1890 was....... 81,108 6s, J& J, £522,800... ..July 1,1895 , 3*28, A&O,275,0 0 0 .... Apr. 1,1917
5 g, J&J,
($10,000 due y’rly) to Dec. 31,1901 Population in 1880 was....... 69,032 4s, A&O, $259,000...Apr. 1,1899 13*28, J & J,100,000... -July 1 , 1918
1,1892 3^28,M&N,130,000.. - -Nov.30,1919
313s, J&J. $5,000....... On demand
4s, J&J,
115,000. . . July 1,1892 312s, A&O,145,000.... Oct. 1,1919
4s, J&J,
25,000.. .July 1, 1896 312s, J & J,220,000... .Jan. 1,1920
312s, J & J ,624,000....July 1,1896 3s, A&O, 200,000... .Apr. 1 , 1917
B E V E R L Y . - W m . H . L ovett, Town Clerk.
3128, J & J ,500,000....July, 1899 1 M ystic W ater B onds—
This town is in Essex County, on a bay of the ocean, 18 miles north 3s, J& J, 146,000. . . . Jan. 1,1896 6s, J & J $139,000... -July 1,1891
3s, A&O, 213,000.... Apr. 1,1896 6s, J& J,
67,000. . . . Jan. 1,1892
3s, J & J , 175,0 0 0 ...-July 1,1896 6s, J& J, 4 2 ,0 0 0 ....July 1,1892
•east of Boston.
.
.
- - - 55,000 ... Oct. 1,1896
Of Beverly’ s 4 per cent bonds about $400,000 were issued on account 3s A&O,
39,000. . . . July 1,1893
6s, J& J,
W ater D ebt—
6,000_ Oct. 1,1893
_
o f water works which the town formerly shared with the city of
5s, A&O,
Cochituate Water—
102.000. ... Apr. 1,1894
Salem. Several years ago it was determined to provide a separatewatei 6s, J & J , $500,000... -Dec.12,189 / 5s, A&O,
3,000. . . . Apr., 1898
4s, A&O,
supply, and for this purpose the independent water supply uoteswere 6s, J & J , 450,000.. - -J’ne 16,1898 4s, H U
48, A&O,
15,000... -Oct. 1,1913
issued. Interest on these latter is more than met from
: 6s A&O, 540,000.. - -Oct. 3,1898 34s, A&O, 60,000. . . . Oct. 1,1896
6s, A&O, 250,000... - Apr.27,1899
Sewer bonds for $100,000 bearing 4*2 per cent interest were authorized 6s J& J, 62 5 ,0 0 0 ...-Jan. 1,1901 3*28, A&O, 50,000---- Oct., 1897
3*23, A&O,130,000.... Apr. 1,1916
6s A&O, 688,000... -Apr. 1,1901
in July, 1891.
__ interest.__ ,
Amount 6s J &J, 330,000. . . . July 1,1901 314s, A&O, 35,000... .Apr. 1,1896
Suffolk County D ebt .
1 c a m q_
Bate
When
Principal,
Outstand- 6s, J& J , 100,000. .July 1,1902
Court House Bonds—
MAMphiNn purpose
P.Ot. Payable. WhenDue.
mg.
6s, A&O, 905,000. .Apr. 1,1903 4s, A&O, $700,000... -Oct. 1,1918
- ’ - ‘ '
8,000. .Jan. 1,1904 312s, A&O,800,000 ....Oct. 1,1919
6s, J& J,
Town bondsU
.RP.°S^.'-...............
6s, A&O, 38,000. .Apr. 1,1904 312s A&O,800,000.... Apr. 1,1937
H R ! _____Jan. 1,1905 312s J & J,100,000... .July 1,1938
161.000.
Independ’T watersuppiy notes. 4
Various
Various
15g>°Jg 6s, J& J, 142.700__ Apr. 1, 1905
38, A&O, 748,000. ..Oct. 1,1892
6s, A&O,
Cemetery, etc., funds..................... - • ------44,000... .July 1,1905 ($17,000 due yearly) to Oct. 1,1030
6s, J& J,
__________ Oct.M iscellaneous B onds—
1,1905
6.000
IN T E R E ST -W H E R E PAY A B L E .-Interest on town bonds is pay­ 6s, A&O,
82,550__ Jan. 1,1906 4 s,J & J , $59,000. . . . Jan., 1899
6s, J& J,
able in Boston by the First National Bank.
8,7 50 .... Apr., 1906
6s, A&O,
4.000
__________ Oct.,1906
T O T A L DEBT ETC.—Total funded debt (exclusive of water debt) 6s, A&O,
March 1, 1891, $1,053,800; deduct sinking fund assets, $296,054net funded debt, $757,745. Water debt (additional), $150,000; deduct
water loan sinking fund, $9,421; net water debt, $140,579. Tempor­
ary debt, $4,509. The sinking funds are invested chiefly m Town 0 eleven years:
Net Debt. .
Sinking Funds.
Years.
Gross Debt.
Beverly bonds.
$31,721,985 00
$24,139,995 00
«¡¡Qi '
...$55,861,980 00
31,424,496 50
a c q c q q f d V A L U A T IO N . — Assessed valuation in 1890, real es­
22,505,598 72
lo o n ..................... 53,930,095 22
28,099,828 55
tate, $9,306,025; personal property, $3,850,350; total, $13,156,375, 1qqq
49,920,47525 21,820,646 70
27,706,548 69
21,287,25476
48,993,803 45
ta x rate per $1.000, $13-60. In 1889 total assessed valuation was t o o « ....................
26,853,151 78
19,946,810 94
t o o ? ..................... 46,799,962 72
25,218,888 53
18,409,433 51
$13,607,975; tax rate (per $1,000), $14-00.
tsH «.................. . 43,628,322 04
24,939,695 77
18,022,484 25
POPULATION.—Population in 1890 was 10,821;m 1880 was 8,456, t s o s ............... '.... 42,962,180 02
26,708,797 85
16,476,871 22
1884
'..........
43,185,669 07
25,027,562 69
in 1870 was 6,507.
16,156,795 43
41,184,358 12
1883............
24,446,082 67
15,633,229 37
tooQ....................
40,079,312 04
26,437,482 99
14,511,849 19
..................... 40,949,332 18
B O S T O N . — N ath an M athews , J r ., Mayor.
n c R T I IMITATIONS.-P.eswli'™1 remarh. under this headmade to
Boston is in Suffolk County, the county seat being included by the
connection with the State dent. T ie general prorieiou a , to d e l.
•city in its financial report.
. ,
_OAA limitation which applies only to Boston is found in ^ Suppleinen^to
In 1891 $1,000,000 Public Library bonds were authorized, and $3uu,«000 Water bonds, $700,000 Park bonds and $500,000 School House the Public Statutes of Massachusetts, Laws of 1885’ ^ S t h e rate of
actis entitled “ An act to lim itthe municipal debt o f, and the rate
eite bonds were issued by the city
LO A N S—
When Due. “ taxation in, the city of Boston.”
When Due.
LOANS
, „ „ __
section 1—Provides that the. taxes exclusive.of.State ta x .a n o o r
B ridge B onds—
I P ark B onds—
4s, J&J, $100,000....Jan. 1,1893 4s, J&J, $100,000.. .July 1, 1892 sums required by law - ^ « o ^ l v e r y SlOOOof the average of the as"
4s, A&O, 300,000. .Oct. 1,1893 |4s, A&O, 200,000... Oct. 1,1900
343.000. .. Jan. 1,1913
3 *28,A&O, 250,000.. .Oct. 1,1917 4s, J&J,
4s, A&O 913.000. .. Apr. 1, 1913 to vear being first reduced by all abatements.
B urnt D istrict B onds—
500.000. .. Jan., 1914
«6s, J&J, $528,500.. .July 1,1894 4s, J&J,
ee'ut untiLJ a itn a r^ lf 1887, and there«6s A&O,
176,000. . . Oct. 1,1894 3^8,A&O, 20.000. .. Apr. 1,1916 S ection 2—:Providesthat
5s,g A&O,£989,800...Apr. 1,1893 313s,A&O, 55.000. .. Oct. 1,1916
........
3*4:8, A&O, 29.000. .. Oct. 1,1915
CHARLESTOWN D ebt , assumed.
P
6s, J&J, $130,000.. .Jan. 1,1892 4s, a r k Construction
J&J,
450,000. . . Jan. 1,1918 1 Theforagolng limitation i . ot conree eNClu.lv. o f delta created (or
Bs, J&J,
51,000.. .July 1,1893
5.000.
.. Apr., 1918
4s, A&O,
GENERAL T en Y ear l o a n 5.000.
.. July, 1918
4s, J&J,
48, J&J, $1,185,000... Jan. 1,1899
40.000. .. Oct., 1918 Wi n ö S Ple W i o n I« found to Law . of 1886, Chapter 304-w h lch act
L ibrary B onds—
1QAQ 4s, A&O,
488.500.. .Jan. 1,1919 authorizes a loan for $500,000 each year to a total amount not to
4s, A&O, $49,000. - -Apr. 1,1893 4s, J&J,
8.000.
.. Apr., 1919
exceed $2,500,000, for the construction of a public park. Section 4 o
----50,000... July 1,1893 4s, A&O,
4 s, J&J,
3 .5 00 ..
.July, 1919
4s, J&J,
80.000. ..0 ct. 1,1893
ant P to riie . ¿ a t the debt authorised shall not be included within
4s, A&O,
439.500.. . Jan. 1,1920 S
4s,
25.000. . .Jan. 1,1896 J&J,
4s, J&J,
16.400.. .July, 1920 the limit fixed by section 2, chapter 178 above cited.
25.000. .. July 1,1896 4s, J&J,
.
4 s, J&J,
4 4.100.. .0 .t., 1920
A further exception is found in Laws
-4s, A&O, 390,000 . -Oct. 1,1896 4s, A&O,
. .Jan.authorizes $400,000 bonds issued for the of 1887, C^apt®[ 812’ ^ ^
1, 1937
297.000. ..July 1,1900 |3 * J&J 500.000.
28,
purpose of paying for lands
-4s, J&J,
P ublic
14.000. . . 0ct., 1900
» § H § P a r k L oan of 1891—
4 s, A&O,
189.000. .. Jan. 1,1901 4s, J&J, $500,000... .Jan. 1,1921 already acquired for public parks; adding (m section 3) that the
4s, A&O, 500,0 0 0 . . . July 1,1899 4s, J&D, 700,000---- June 1,1921 debt authorized shall not be included within the limit fixed as abov .
__
3*28, J&J,
P a r k L ands —
Still another exemption to this debt limitation is found in Laws ®
L ong I sland po o r H ouse—
J&J,$400,000...
1,1917
4s, J&J,
$70,000.. .Jan. 1,1895 3*2, J&J, 600,000----.July 1,1920 1888 Chapter 392, which act authorizes, for the purpose of purchas
3*2,
Jan.
314s, J&J,
80,000...Jan.-1, 1896
Sch ool H ouses & Sites , 1891— tog such a d lie n a i land, for « .p u b lic par*, a . the
“ Miscellaneous ” L oans—
A&O, $500,000... 4s, A&O, $409,500. . . Oct., 1896 4s, e w e r a g e B onds — Apr. 1,1911 ers shall deem Jnecessary, the issue of bonds not exceeding $60 ,
;
S
4 s, J&J,
574,000.. .Jan. 1,1900 6s A&O, $30,0 0 0 ....Oct. 1,1897 adding 'f h r t t h £ issue of bonds shall be considered outside the debt
4 s , A&O,
670,000.. .Oct. 1,1900 5s A&O 145,0 0 0 ....Oct. 1,1897
4s, J&J, 460,000. . . Jan. 1,1901
32:000. ... Apr. 1,1899 Unfit fixed as above.
3*28, A&O,1,037,000...Oct. 1,1899 g A & O ;

Valuation,
When Due. I Total bonded etc.— Sept.
debt
G eneral Town D ebt $74,234
15,1891.......... ■;........i
5s. Sept., *1,234.......Sept. 1,1892 I Note in anticipation 01
4 s, J&J,
2 :000.. .July 1,1892-3
$7,850
ta x es............................
4s, J&J,
7 ,0 00 .... -July 1,1894
$82,084
($1,400 due y’rly) to July 1,1898 Total debt........................ ,324,140
Tax valuation...............-P* $15-20
W ater D ebt—
4s, A&O, $64,000... .30-year bonds I Localtaxper $1,000---Population in 1890 was... ...2,148
Population in 1880 w as... ...1,881

LO A N S —




I

October, 1891.

M ftS S ^ O ffU S £T T $— PITIES flfjp TOWNS,

In addition to the foregoing, which cover special authorizations of
b° nd i88" ? 8 by the iegislature for park purposes, &o., not included in
tne debt limit, there are a number of other laws, of which we make a
brief mention below.
e a

23

B R I S T O L . C O U N T Y .—

Treas^

County seat is Taunton,
Court house bonds for $150,000 were in.
contemplation in 1891.
Bridge*61* 282 TjaW8 ° f 1887 autll0rize(i $250,000 for New Harvard
LO A N S—
When Due Tax valuation, 1890. 134,054,787
County Notes.
Population in 1890 w a s ...299,995BrookSeT 394 LaWS ° f 1887 autllorize(1 not exceeding $75,000 for Stony » 8 , ........ , $312,500.................
Population in 1880 w as.. .244,535Total debt, July, ’90.
$312,500
Chapter 322 Laws of 1889 authorized not exceeding *500 000 to ex­
tend improved sewerage system.
Chapter OS Laws of 1889 authorized $1,000,000 to complete the new B R O C K T O N . — Z ib a C. K e it h , Mayor.
Public Library building.
-?
new
This city is in Plymouth County.
■Interest.—
Chapter 254 Laws of 1889 authorized not exceeding $75,000 to extort
Amount
LO A N S—
Hale
When
West Chester Park to Harvard Bridge.
extend
Principal,
Outstand­
NAME AND PURPOSE
P. Gt. Payable. When True.
ing.
Chapter 283 Laws of 1889 authorized $500,000 for extension &c
School...........
J & J July 1, 1891
o f Congress, Oliver and otherstreets.
fusion, &c.,
$4,000
do 1889 ........ i .................... 4.
do 1 8 9 0 ............. . "
31,500
W ater........
....... e
15.000
A & O Apr. 15,1900
authorized $200,000 for p u M ^ p o ^ r c t o r l e s t o O T * * * LaW> 011890
do
......................... 5
°
30.000
A & O Apr. 15,1910
do
90.000
4
A & O Apr. 15,1906
do
50,0004
J & J July 15,1912
do
50.000
4
J & J July 1, 1914
Total debt, city and county, Jan. 1 1891
<
dko
do
50,G
OO4
M & N May 1, 1915
L® special loans (outside of limit)
ss
........... ¿ ¿ r ™ ™ A $ 56’ 520,980 < do
25.000
4
M & N May 1, 1916
do
25.000
4
do S
m
W Mystic water debt....W $2’400’X5o
S
g
i ...... 16,965,274
do
98.000
do Cochituate and
3bj J & J July 1, 1916
do
50.000
3ia
Total deductions
15.000
26,065,273
PAR V A L U E OF BO N D S.— The bonds are mostly for $1,000 each
h^ ihJ 16?* ^ ss above deductions.......
IN T E R E S T — W H E R E P A Y A B L E .— Interest5is paid in Boston at th e
$30,455,706
Maverick National Bank.
si£ ”
4
,h ew
16,514,023
Net debt, excluding debts outside of limit................
$13,941,683

■ sss&
Jse i

a ta * “

,o
r
.

«

T?e°a?lYe a ° b J S l f .f -068
r
„

torfl”

Net debt, as above.

.......................................................... $15,224.721
.............................................................. 13,941,683
Bight to borrow under chapter 178 acts of 1885
*1 9fti m o

Sinking fund........... .
issues by City

1889.

Bonded debt...............................
«.-k89®Floating debt.......................* 0 ............................ ^ i88'®®®
Total debt (including water- debt)......... ' ‘ .............. i o f S

„

578,50084,024

....*..............103 000

Het debt on January 1.................

Water debt included above......................‘ $488 000

<<7 on*
rV»

$494,476-

D E B T L IM IT A T IO N .— Brockton under laws of 1890, Chapter 142
same on the first of May of each

o f the last three yean

» f i f e
8 3 H S S S ® : : : .........
County debt........... ......... T

S
g ^ l . ’oop

1890.
$33,506,821
15,696,274
839.000
592.000
50,000
3,246,000

1889.
$30,794,701
14,941,274
839.000
807.000
75,000
2,463,000

$53,930,095
22,505,598

$49,920 475
2i;820,647

$31,424,496

$28,099,828

Tot. fund, debt (inclusive

SinMng funds....................... 24,139,995
i«
Binging fiim 6bt)' " ' ........$55,861,980
Net debt on dates named.$31,721,985

« s « ; * * * * * k ,

been as follow s:
y ana tax rate, at different periods, have
—
Real
Personal
Total
Rate o f Tax
tooi 3™
Estate.
Property.
Valuation, per $1,000.
............$650,238,375
$204,827,700
$855,066,075
$12-60
I f 9®............ 619,990,275
202,051,525
822,041,800
13-30
I f f 9 ............ 593,799,975
201,633,769
795,433,744
12............ 563,013,275
201,439,273
764,452,548
13- 40
I f f Z ............ 547,171,175
200,471,342
747,642,517
13-40
I f f ® ............ 517,503,275
193,118,060
710,621,335
12-70
I f f ® ............ 437,370,100
202,092,395
639,462,495
15-20
1870.............. 365,593,100
218,496,300
¿1»,400,300
584 089 400
15-30
L „ 1891 ia<*aaed the State tax $0-54 p’er $j
n
county tax, $0-56; the city T a x p T o p e l^ lT s o ? '54 ^ per 00 '
total $1’° $1,000,
$12-60.

^^T it
; s

3 2839 ^in 70
6

w

a

s

487;
4’47

in 1880

*
t

was

cities of^Boston'and^helsea^the^Î)
6
° f 8Uff0lk CornPrises the
City of B o C S S u ^ S l i u X
EeVere aDd Winthr°P- Tbe
expenses and owns all the LuntybuihUngsCOme’ ^
& tbe County
U

B Ttfuinl of Selectmen. ^ EiT0LD C
'HESEET> Chai™ » "
This town is in Essex County

™**Due.

I Total bonds Mar., 1891

«fun nnn

7s, J&J, $4,000 ............ July 1892-3

I S F “? - ® 4ä»

S

Ä

Ä

i f ä

1®

»

town tax per $1,000..
$20-00
Population In 1890 was.........3,720
Population m 1880 was.........2,643
?SbÄ boÄ
) t0 ° ct- x>1900
fSt nnn’/ 1®’®00........ July 1,1892
($1,000 due yearly) to July i , 1901

was made exempt from tax and debt limitation until January 1,1893

°Ur‘ M86M6d Tahu“ i“
Real
Personal
Years—
Estate.
Property.
1890..........$14,997,605
$2,497,997
1 8 8 9 ..........
1882..............
* Including State, county and city levy.

*Rate o f Tax
per $1,000_
$15-20
15-

16-

POPULATION.—In 1890 population was 27,294- in 1880 it was13,608; in 1870 it was 8.007.
’
880

B R O O K L I N E . — G eorge H . W o rth ley , Treas r*

This town is in Norfolk County.
BrookUne’s net debt on Jan. 10,1891, after deducting sinking funds
and water loans, was only $587,981, as against $1,275,999 allowed b r
t>LO A N S—
When Due.
Sew er B onds—
B ridge (Wash . St .) Notes—
5s, A&O, $125,000___Apr. 1 1897
fgi 90
J*J> $10>
00®........ Jan. 1,1892 412S, M&N, $30,000.. .Nov
1891
($1,000 due yearly) to Jan. 1.1901
Street Notes—
s o ndue yearly)- v -Nov- 1,1895 f« 9 o o o o f60,000r - Y - July 1> l 892
/ 24’000i - to Nov. 1» 1891
($4,800
F 2?wi< iSeyearly)t0 July 1,1894
l9<
Cemetery Notes—
6^> J&J, $30,000---- August, 1894 flioono’/ 70’009-' V May 1» l®92
($10 000dueyearly)toMay 1 ,1 8 9 $
L ibrary Notes—
ori o non
J * jD>$9,000..........J un el, 1892 ($10,000 ? 80’000-.......Jan. 1,1892
1 ,1899>
(Part due each year) to June 1,1898 4s, J&J, dueyearly) to Jan.1,1895
$15,000.......July
P ark B onds—
4s, J&J, 20,000....... July 1,1896
M&S, $40,000...... Mar.15,1892 4s, J&J, 13,000....... July 1 1897F&A, $36,000...... Aug. 1. 1892
($4,000 due yearly) to Aug. 1,1899 3128, J&J, 5 000........ July 1 1895
3^8, J&J, 7;000........ July 1,1897"
S
/ 10,000,------Jan. 1,1892
Street and E ngine H ouse—
($1,000 due yearly) to Jan. 1,1901
4s, F&A, $57,000.......Aug. 1,1892 4s> J&J, $39,000........ Jan. 1.189.3
($13,000due yearly) to Jan. 1,1895
(av.$2,000 due y’lyj to Aug. 1, 1906
T own H all B oni s—
nnn’,1^20’0 ,........ Jan. 1,1911
($1,000 due yearly) to Janf L 1892 6s, J&J, $50,000........ July 1,1892
Water Scrip —
P lay G rounds—
6s, J&J, $90,000........July 1,1896 7s, J&J, $400,000... Jan. 1,18986s, J&J,
7 5 , 0 0 0 . Jan. 1 ,1 8 9 5
Schoolhouse Notes —
25 .0 0 0 -.J a n . 1,18 9 8
4s, F&A, $40,000.......Feb. 1, 1892 f ! ’
5s, J&J,
4 2 ,0 0 0 ... Jan. 1 ,1 9 0 0
(Fart due each y ’ar) to Feb. 1 1898
4s. J&D, $24,000.......June 1,1892 4 ^ 8, J&J, 2 4 ,0 0 0 ...July l , 1893
3°.0 0 0
92
(Fartdueeachyear) to Ju n el, 1898 t i l nnn^’ yearly) . - -Jan. 1 ,18 2 1
to Jan. 1,19
3s, various, $35,000..1892tol895 ($1,000 due
?«?n8 ^ A ’ $ 4 °,OOO-Feb. 1 ,18 9 2
n
($8,000 due yearly.)

($10,000 due yearly)to Feb. 1,18 9 5

m l n i l h ^ t s ^ r o l ’l h f ^ ^ ^ , 6 FUND’ ^ T C .-T h e subjoined state*
it a -a in stT L L
a 1
mumoiPal debL the sinking fund held by

of T

a

w
ater debt> on the

SfaSnd ebf n ^ r 1UdingWaterdebt) Jan- 3 1 - $1,659^000
g
Sinking funds
314,909
Net debt........
1,344,091
636,000
defined by Massachusetts la w ...

B R A I N T R E E . — S am u el A . B ates , Town Clerk

Total
Valuation.
$17,495,602
15,808,388
9,150,702

$708,091
1,344,270

°f janu^
1890.
$1,591,200
362,219
$1,228,981
641,000
$587,981
1,275,996

^ h e tS lf^ T
...........................................
$636,179
$488,015
^
»100,o o i of water ^
were authorized. N0rt0ft
in e sinking funds are mostly invested in sundry municipal bonds.
„ LO A N S—
When Due.
.PR O P E R
*16 town’s total assets, including buildings..
School L oan —
Water e Ä i n i f 90^........$140,080 P s, water works, TY .—'I1 fund, etc., amount to $2,509 119 The
W a t sinking fund.'.'.'.'.'.'
water
4.080
sinking
............ $ 20,000
Total h-o111., fund........
>
Total value town ____
propWater Works—
erty, estimated.......... . 246 279 water works are valued at $918,305, and in the year 1889-90 yielded
....... ,$100.000
Tax valuation 189®.......3,449,650 gross reyenue of $45,079 (including the amount charged the city)
1 8 9 0.... .3 ¿ ago in
4s, . . . . . . .
50,000
~ - . Xf SI— 890
ï>2???}îaÎÎ0u lu 1890 was.
4,848I
Trust funds 16,000
---L IM IT A T IO N .— The city’s debt, after deducting water ,IaH*
Population in 1880 was.
Other debts
4,080
3,855 a^ 8^ ^ ng fund» is limited by iaw to 3 per cent o f tl^ayCTa^nssesshd
1




70

662»

a s s e s s e d v a l u a t io n

Beal
‘ va/i»* —
#
Estate.
T soi
.. $30,027,200
i i o o l I m ill-- - - 2 7,326,200
18 8 9! ! ! .......- ................ - .........
1880..................................... "
"^POPU LATION.—4n 1890
•g,057 ; in 1870 it was 6,650

Bate o f Tax
Personal
Beal
Valuation, per $1,000.
Property.
ve/irs—
Estate.
$70,572,570
$15-50
$16,446,270
Tax 1891
$54,126,300
Personal■
67,574,925
15-60
15,339,925
Total, "per $ ij0 0 ° 1890 ""
--- 52,235,000
Property.
65,284,275
16*00
14,960,100
$46,537,300 $9 00
50,324,175
1889...........
$16,510,100
62,717,340
15-00
14,296,740
^42,533,300 12-00
1888
48,420,600
15,207,100
55,346,555
15-50
12,758,255
41.246.900 10-50
7885....... . -• 42,588,300
49,629,060
16-00
11,699,660
22.493.900 12-60
1880......... ! . . . 37,929,400
18,448,300
7-50
r T rate in 1890 was made up as follow s: State tax, $1 per $1,000 ;
r„
c o ^ y t a x ^ l f c i t y tax proper,$13-60; total
wa8
population was 12,103; m 1880 it was
PO PU LATIO N .—411 1890 population was 70,028, m 1880 it was
______
52,669; in 1870 it was 39,634.
.

C A M B R I D G E — A

lph eus

This city is in Middlesex County.

B. A

lger,

M a yor.

owned by the city is esti-

C A N T O N . — P a t r i c k F. B r a d y , Treasurer.
This town is in N orfoik County.
i OANfi—
When Due.
W a t e r B onds —

Tax valuation—
Real e s ta te ................. ^,410,889
Personal property........

Amount 4s, J&J, $123,000.........V y ; - ' iqoq
__Interest,
($4,000 due yearly) to 1923
Outstand­
Principal,
Total......................... $3,738,412
Bate
When
Total debt Mar., 1891....$127,000 State, county and city
ing.
When Due.
p. Ct. Payable.
Population in 1890 w as....... 4,538
$10,000
«NAME AND PURPOSE
tax per $1,000...........
$19-00
A & O Oct. 1, 1917
4
Population in
100,000 Pomilation m 1880 w as....... 4,516
B n dge
i« ««
J & J July 1, 1918
.1888 4
100,000
IN T E R E S T is payable at Town Treasury.
Sept. 1, 1918
M & .8
4
115.000
-do
do ................. .1888 4
M & 8 Mch. 1, 1919
5,000
do
do ................. .1889 4 . M & if Nov. 1, 1920
.1890
15.000
do
do ................. .1891 4 • J
July %. 1901
60.000 C H A T H A M . — L e y i A t w o o d , Treasurer.
do
do Li........... .
July 1, 1921
.1891 4 . . J
¿o
do Harvard..
150.000
Jan. 1, 1893
This town is in Barnstable County.
.1863 5 g J
100.000
Jan. 1, 1901
J
4
LO A N S —
When Due. Total bonds Mar., 1891 — $39’£22
10,000
High school.. . - - - - - - July 1, 1901
Floating d e b t ....-.......... y
J
4
Ch ath am RR. B onds —
10,000
Stock Chatham.RR. owned. 31,000
July 1, 1893
J
6
4^8, M&S, $4,000. . . . Sept. 1, 1892 Tax valuation m 1890 . — 802,83»
83.000
Land loan..........................
Aug. 1, 1898
F
4
200,000 4^s, M&S, 6,000... .Sept. 1,1897 State, county and town
A & O Apr. 1, 1895
100,000 4*28, M&S, 9,000... -Sept. 1,1902
.Municipal bonds............. -488)> 4
tax per $ 1 ,000- . . . . . . - - . - $44A
92
J & J July 1, 1893
6
4,023
130.000 413s, M&S, 12,000... .Sept. 1, 1907 P opulation m 1890 w a s ..
J & J July 1, 1894
6
r o a d F und B onds 4,242
.................Y t t S l
25.000
P opulation in 1880 w a s..
& J , July 1, 1895
1892
J
¿0
.1375 6
100.000 48, J&J, $4,500........ Jan.,
M & N May 1, 1900
1900
50.000 ($500 due yearly) to Jan.,
School house..................... 4||9 4
& J July 1, 1901
4
20.000
I N T E R E S T on the railroad bonds is payable at the Bank of Com­
& O Oct. 1, 1895
6
29.000
& J July 1, 1896
^
er........................: : ::::i 8 7 6 6
136.000 monwealth, Boston.
& J July 1, 1903
295.000
do ..........! ! ! ! ! .............. 1873 6
July 1, 1904
& J
144.000
do ..........
--1874 6
& J July 1, 1905
30.000 C H E L S E A . — A l b e r t D. B o s s o n , Mayor.
do
--1875 6
M & N Nov. 1, 1907
4
22.000
4887
d o .............
M & N Nov. 1. 1909
This city is la Suffolk Count,. Iu August. 1891, *250,000 water
do .......! ! ! ...................1889 4
15.000
May 1, 1910
M & N
15.000 bonds were issued.
do .......
1890 4
Amount
J & J July 1, 1911
,— Interest.— .
25.000
d o ........
1891 4
Outstand­
M & N Nov. 1, 1896
Principal,
Bate When
13.000
do 7.7.7......................... 1889 3^2
July 1, 1893
ing.
LO A N S —
When Due.
p. 01. Payable.
10.000 NAME AND PURPOSE.
street loan......................... 4873 6
July 1, 1903
6
90.000
stre e t widening...............
F & A Aug. 1, 1891 $250,000
July 1, 1904
250.000
6
14.000 City bonds.................................... § J & J July 1, 1892
July 1, 1905
300.000
6
do
................................
5 M & S Mch. 1, 1894
Z
8,000
Nov. 1, 1899
192.000
do
............................. m |
Apr. 1, 1895
dS ;
do
............... 1890 4
65.000
A & O
Aug. 1, 1905
27.000
F &
4
50.000
J & D Dec. 1, 1898
.............................. '
M & N May 1, 1891
20,800
6
Dec. 8, 1905
335.000
J & D
22.000
J & J July 1, 1892
6
w j ‘ e r ....................
150.000 Sinking fund—(All held in the S 6
J & J July 27,1905
A & O Apr. 1, 1894
500.000
dS ........ 7.17.!.............. 1874 6
Dec. 1, 1905
160.000
J & D
sinking fund)......... ................( 6
A & O Apr. 10,1895
121,530
6
16.000
do ........
I 875
J & J July 1, 1896
100.000
r16,000 Special loans...............................v ®
I 876 6
d o .........
& A Aug. 1, 4897
J & J July 1, 1897
150.000
1911
12,500
do
...........................I 877 6
& J July
J & J July 1, 1898
112.000
gold, iaQ1 c.....................
5
do W 1 8 9 11 -— .......... 2 4
July,
1921
36.000
do ........
I 878 4
& J
M & N Nov. 1, 1894
do
90.000
do
7 7 ........................1884 4
A & O Oct. 1, 1907
INt Ï r E S T -W H E R E P AY ABLE .—Interest is paid in Boston at
22,000
do
............................ 4887
M & N Nov. 1, 1907
do
...1887 4
46.000 National B ank o f Redem ption.
J & J July 1, 1908
4
25.000
do .......................- ........4888
F & A Aug. 1, 1908
20.000
do 7 7 . .............
4888 4
T O T A L DEBT, SINKING —
^ 7 7 7 M il by tile city
J & J July 1, 1909
do
.......1 8 8 9 4
288,000
May 1, 1910
M & N
75.000 S
do ' 7 7 7 ....................4885 4
a
S
?
" h t , and » « I V . «eating debt, on the 1st
J & J July 1, 1910
4
125.000
do
...........................4890
M & 8 Sept. 1, 1910
20.000 of January of each of the last two years.
do 7 7 .......................... 4890 4
1890.
J & J Jan. 1, 1911
1891.
do
..............................4894 4
43.000
Nov. 1, 1906
M & N
$1,661,800
$1,661,800
..............
4886 3*s A & O Apr. 1, 1911
do
100.000 Total funded debt (including water debt).......’54g g 30
493,530
31s
75.000
July 1, 1911
Sinking fu n d s ..................................................... .....................
do 7 1 7 .........
4888 31s J & J
I
$1,168,270
i .
*1.118,270
INTEREST—
WHERE P AY A B L E.-Interest on all the bonds is
Net debt on January 1 .......... - - - - ....... " « i 999 800
$1,284,410
jpaid at the National Bank of Redemption, Boston.
T otal net debt, including “ special loans —
393,500
66,417
to tai
H F R T SINKING F U N D S , E T C .-T h e subjoined statement Deduct water debt............................
73,215
Other deductions........ ....................................... .....................
Ahows Cambridge’s total municipal debt, the sinking fuud heid by the
$824,483
<,ity against the same, the water debt and its sinking fund on the first
Balance, net m unicipal d eb t ....................... $770,585
Of the special loans $46,000 were water notes.
o f December of each of the last two years.
of Chelsea 6 per cent bonds,
1889.
1890.
The sinking funds are invested in city
$1,944,000
Total funded debt (exclusive of water debt).. $2,044,000
483,060
549,906
jin k in g funds................................................... ............. L _ _
^ . tT PR O P E R TY -T h e city owns its water works, which in 1890
$1,460,940
w m water rate» »35,599, and
Net municipal debt on December l - - - - - - -A
|4>«2q’805
$1,533,336 « a
Maximum net debt allowed by Mass. la w .... $!.,629,800
$1,631,500 nance, $24,700, and interest on loans $13,671.
Water debt {additional).....................................
728,658
n F R T LIMITATION -T h e city’ s debt is limited by statute.
¡Sinking funds.....................................................
7t?&,7&0
ASSESSED V A L U A T I O N . - ^ c it y . « t e . s e « —
n and tek
$902,842
Net water ^ebt............................................. $1,005,745
rate have been as follows in the years named:
Bate o f Tax
Personal
* This includes $200,000 borrowed by special act outside of limit.
Beal
per $1,000.
Total.
Property.
$17-60
Estate.
In addition to the total debt as above stated, there are contingent lia­ "Ven
$20,798,339
$2,610,839
171890
...$18,187,500
20,190,450
bilities of $225,000, of which $200,000 is on the city’ s note to the water
2,433,850
181889....... ...1 7 ,7 5 6 ,6 0 0
19,787,090
2,358,190
■debt sinking fund, and also loans for $150,000 issued in 1891.
I qoo.......
17,428,900
18-60
18,103,497
2,300,947
The sinking fund for the ten-year loans is 8Li per cent yearly, for the 4gg|............. ! 15,802,550
M P U L A T I O N .- t t 1890 population » . 37,909, In 1880 i t ™
«twenty-year loans 3Li per cent and for the thirty-year loans 2 per cent
Mayor's Inaugural Address.

LOANS—

. ft

C IT Y W A T E R W O R K S . — The city’ s water works are valued at 21,782; in 1870 it was 18,547.
« 3 133 349 In year 1888-89 receipts from water rates were $224,300;
l o r maintenance, $42,603 ; interest, $84,735; sinking funds, $55,007. C H I C O P E E . — G e o r g e S. T a y l o r , Mayor.
r> rg r L IM IT A T IO N . —See general remarks and laws cited under
This tow n is in H am pden County.
are
«this head given in connection with the details of the debt and finances
Chicopee w as incorporated as a city in 1890. M ost or
«of the State of Massachusetts on page 19. It will be noted there that
Amount
held by savings banks. ___ Interest----- !
the general debt limit for the cities and towns of the State is 2 ^ per
Outstand­
Principal
v|g_
Bate
When
ing.
When Due.
P. Ot. Payable.
$77,000
the case of Cambridge we find one exception besides water, and NAMELOArpURPOSE.
AND
On demand.
...............
............, Dec.,1891 to l9 0 0 )
11,000
-that is in the supplement to the Public Statutes, Laws of 1888, Chapter City n otes.
.......... 3Ls J & D
$1,000 yearly. 5
-73 in an act entitled “ an act to authorize the city of Cambridge to bor­
do
45,000
r o w money in excess of the limit allowed b yla w .” The purpose of
T O T A L DEBT —Total debt January 1,1891, $133,600.
Tthe act is to authorize the city of Cambridge to borrow money not
I U Ia l u c o .
. . oaaftssfld valuation was
«exceeding $200,000 to defray its share of the cost of building the
ASSESSED VALUATION, Et c - I u 8 0
$14.10 per $1,000);
bridge over the Charles R iver; the law adding that these bonds shall $6 377 070; in 1886 it was $5,641,780 (tax rate ^
not be considered as coming within the above limit.
in 1882 it was $5,152,940 (tax rate $11-30).
,
» c o p q q f n V A L U A T IO N . — The city’s assessed valuation and tax
PO P U L AT IO N .—Population iu 1890 was 14:050; in l8 8 0 w a s
¡r a tfa t various periods have been as follows, real estate being taken at
286; in 1870 was 9,607.
-about cash valu e:




80
40

October, 1891.

MASSACHUSETTS- CITIES AND

C L I N T O N .—

Town Clerk.

Thit town is in Worcester County.
The report of the Water Commissioners states that an abundant sup­
p ly of water o f excellent quality is now assured, and that the income of
ih e department has so increased that a reduction o f water rates is pro­
posed, the same, if made, to take place July 1,1891.
«—Interest.—<
Amount
LO ANS1late When
Principal,
Outstand­
N A M E A N D P U R PO SE.
P. Ot. Payable.
When Due.
ing.
T ow n bonds..................... 6 J & J
1891 & 1892
$ 8,000
do notes..................... 4 J & J
Jan. 24,1895
20,000
J
Bridge notes.................... 4
J ^ j<X u ly 4 ,1891 to 1896)
6,000
$1,000 yearly.
Î
& O 5 Oct. 1,1891, to 1894 ?
School house notes........ 4
24.000
$6,000 yearly.
Sewer loan notes............. 4
J & J
July 4, 1893
10.000
do
do ............. 4
F & A ] ; Aug.l,1891,to 1899 > 23,750
1 $1,250 yearly,
s
Water bonds..................... 4
A & O
Oct. 1, 1901
115,000
do
....................
............
160;000
T O T A L D EBT , Et c .—Total debt, excluding water debt, February
1 ,1 89 1 , $91,750, against $103,000 February 1,1890. Water debt (ad­
ditional) $275,000; water debt sinking fund, $28,209, of which $19,000
in Clinton water bonds and $9,209 in cash.
A S S E S S E D V A L U A T IO N , ETC.—In 1890 assessed valuation of real
«state was $4,499,965; of personal property, $1,544,052; total, $6,044,0 1 7 ; tax rate (per $1,000), $15-80. In 1889, real estate, $4,398,750 ;
personal property, $1,442,685 ; total, $5,841,435 ; tax rate (per $1,000),
$17-00.
W A T E R W O R KS.—The receipts from water rates in the year 189001 were $22,369; cost of maintenance and repairs, $3,782 ; sinking
fund, $7,427 ; construction, $5,202.
P O P U L A T IO N .— Population in 1890 was 10,424; in 1880 was 8,029;
in 1870 was 5,429.

C O N C O R D . — Geo. H aywood , Town Clerk.
This town is in Middlesex County.
LO A N S —
When Due.

IN T E R E S T W H E R E P A Y A B L E . —Interest on the water bonds
and sewer bonds is payable at the Winthrop National Bank, Boston.
T O T A L D EBT , E t c .—Everett’ s total bonded debt on September 8 ,
1891, was $175,000; floating debt, $118,700; total debt, $293,700 (of
which $100,000 for water); sinking fund assets, $41,300; net debt,
$253,200.
A S S E S S E D V A L U A T IO N . —The assessed valuation in 1891 of real
estate was $8,317,600; of personal property, $463,250; total assessed
valuation, $8,780,850. The tax rate (per $1,000) for State, city
county, town and school purposes was $14-50.
P O P U L A T IO N .— Thepopulationin 1890 was 11,068; in 1880it was
4,159; in 1870 it was 2,220.

F A L L , R I V E R . — J ohn W . Coughlin , Mayor.
Fall River is in Bristol County. It has grown rapidly in population.
New bonds for $150,000 were issued in June, 1891, for paving, sewers
and highways.
School L oan —
LO AN S—
When Due.
Cit y H a l l L oans —
3*28, M&N, $45,000. .May 5,1892
3788, M&S, $70,000..Sept. 15,1892
($5,OO0 due y’rly) to May 5,1 90 0
($10,000 due y’rly)to Sept.15,1898
S e w e r L oans —
3%s, M&N, $17,500..Nov. 5,1891 6s, M&N, $61,860... .Nov. 1,1896
($1,750 due y’rly) to Nov. 5,1900 6s, M&N, 125,000... .May 1,1905
3*28, A&O, $40,000.O ct.. 1,1892 4s, J&D, 50,000... .June 1,1892
($5,000 due y’rly) to Oct. 1,1899
($2,500 due y’rly) to June 1,1911
S^s, A&O, $45,000.A p r ..15,1892 3*28, M&N, $54,000..May 1,1892
($5,000 due y’rly) to A pr.15,1900 ($3,000 due y ’rly) to May 1,1909
F unding L oans —
3^28, A&O, $47,500..Apr. 1, 1892
6s, M&S. $40,000...Sept. 1,1891
($2,500 due y’rly) to Apr. 1,1910
6s, M&N, 400,000...May 1,1895 3%s, M&N, $10,000...Nov. 5, 1891
6s, J&D, 25,OOO... June 1,1897
($500 due yearly) to Nov. 5,1910
5g, F&A, 600,000...Aug. 1, 1894
W a t e r B onds —
5s, M&N, 50,000... May 1,1895 6s, M&N, $175,000.. .Nov. 1,1892
5s, M&N, 175,000... May 1,1898 ($25,000 due y ’rly) to Nov. 1,1898
4s, F&A, 100,000...Aug. 5,1892 6s, F&A, $150,000...Aug. 1,1899
4s, M&N, 144,000...May 1,1895 6s, M&N, 175,000...Nov. 1,1899
3 % ,F&A, 100,000...Aug. 5, 1892 6s, F&A, 100,000... Feb. 1,1900
~
3%s, A&O, 160,000... Apr. 1,1892 6s, F&A, 300.000. .. Feb.1,1904
($20,000 due y ’rly) to Apr. 1,1899 6s, F&A, 300.000. .. Feb.1,1905
H ig h w a y L oans —
6s, M&N, 100.000. ..Nov.1,1906
4s, J&D, $50,000.......June 1,1892 5s, M&N, 100.000. . . May1,1908
($5,000 due y'rly) to June 1,1901 5s, F&A, 100.000. .. Feb.1,1909
3%s, M&S, $13,500..Sept.15, 1892 5s, M&N, 100.000. . .May1,1909
($1,500 due y’rly) to Sept.15,1900 4s, F&A, 100.000. .. Aug.1,1900

Valuation, etc.
Trust funds....................... $27,883
Total debt in 1890, incl.
O t h e r P ublic B u ildings :
trust funds..................... 174,283
...............
$6,500........................... Water sinking fund.......... 22,214
M u n ic ip a l L oans —
W ater Works :
Tot. value town property
-6s, M&S $ 2 0 ,0 0 0 ....Sept. 1,1894
(estimated)........ ............ 444,671 3%s, M&N, $15,000. .Nov.
($1,500 due y’rly) to Nov.
« s , A& O 1 5 ,0 0 0 ....Oct. 1,1894 Tax valuation in 1890.. .3,605,306
P a v in g L oans —
-6s, J & D
10,000... D’o.10,1894 Population in 1890 was.
4,427
Os, J & J
5,000... .Jan. 1,1896
do
in 1880 was
3,922 4s, J&D, $25,000.......June
($2,500 due y’rly) to June
4s, A&O
4 5 ,0 0 0 ....Oct. 1,1903
S^s, J&D, $22,500 .. .June
................
27,500...........................
($2,500 due y’rly) to June
S chools : s

............... m

$17,400.. ..................

D A N V E R S . — H . N ew hall , Registrar.
This town is in Essex County.
LO ANSWhen Due.

W a t e r B onds —

5s, J&J, $150,000..... July 1, 1903
4s, J&D, 25,000..... June 1,1902
4s, J&D, 15,000..... J u n el, 1913
-.8 ,......., 52,789..............................

Other debts....................
$33,500
Total debt in 1890.......
276,289
Sinking fund...................
36,737
Tax valuation, 1890___ 3,900,575
Population in 1890 w as........ 7,454
Population in 1880 w as........ 6,598

D U X B U R Y . — J. W . Swift , Treasurer.
This town is in Plymouth County.
Duxbury, unlike many small towns, publishes in pamphlet form the
reports of its town officers, its fiscal year ending February 1st.
Amount
LO A N S —
Rate
When
Principal,
Outstand­
M A M E A N D PU R PO SE.
P. Gt. Payable.
When Due.
ing.
$20,000
Railroad loan n o t e s ....? 413
A. & O
Apr ’92-1901
$2,000 each
f .
, 0 ^
($2,000 yearly)
) 4
A & O
April 1, 1906
25,000
PAR VALUE.—The railroad loan notes bonds are for $1,000 each.
T O T A L DEBT, Et c —Total debt Oct. 1, 1891, $46,000; available
assets, $7,764; net debt, $38,236.
A S S E S S E D V A L U A T IO N .— Assessed valuation for 1891: Real
■estate, $977,034; personal property, $268,812; total, $1,245,846; tax
rate per $1,000, $14-20, this including State tax $0-39, oouuiy tax
=$0-89, city tax proper $12-92. For 1886 total assessed valuation was
$1,113,864; tax rate, $13-80.
P O P U L A T IO N —The population in 1890 was 1,908; in 1880 it was
•2,196; in 1870 it was 2,341.

E S S E X
C O U N TY.
Treasurer.

-E.

K endall

1,1892
1,1901
2,1892
2,1900

3%s, A&O, $12,000.. .Apr. 1, 1892
($2,000 due y’rly) to Apr. 1,1897

W a t e r I n dem n ity —

IN T E R E S T — W H E R E PA Y A B L E—Interest on most of the bonds is
paid only at the office of the City Treasurer; on some small issues, in
London and Boston.
T O T A L D EBT , S IN K IN G FUNDS, Et c .—The subjoined statement
shows Fall River’ s total municipal debt (including the water debt) and
the sinking funds held by the city against the same on the first o f
January of each of the last two years.
1891.
1890.
.$2,444,361
$2,241,861
Permanent loan and trust funds.
60,210
59,310
Outstanding contracts, etc...........
82,201
70,195
.$2*586,771
. 1,470,975

$2,371,366
1,411,673

.$1,115,796
.$1,700,000
223,102

$959,693
$1,700,000
209,146

Net water deb t.............................................$1,476,897
$1,490,854
Total net debt, including water debt...............$2,592,693
$2,450,547
The sinking fund for the water debt receives yearly $13,500, for
other debt various amounts. The sinking funds are mostly invested
in the city’s own bonds, the balance not so invested being on deposit
in banks.

C IT Y PR O PERTY —The city owns property, real and personal,
valued at $3,492,376. This includes its water-works, valued at $1,500,000. The water works in 1890 had gross earnings (including water
for city purposes, receipts for meters, etc.) of $128,434; net earnings of
$99,879. Interest paid $97,375.
D E B T L IM IT A T IO N — The city’ s debt, after deducting water debt

$338,395
117,848

$50,000.................. 1893
Bal. of indebtedness.
$220,547
100,000.................. 1891 Est. value of county
50.000
........... 1894
prop., court h’se,etc.
$956,344
........... 1896 Tax valuation 1890...219,502,533
60.000
50.000
........... 1895 Population in 1890 w a s....299,995
Population in 1880 was... .244,535

E V E R E T T — N a th a n N ichols, Treasurer.
The town of Everett is in Middlesex County.
LO A N S—
When Due.
LO ANSWhen Due.
A ssumed D e b t of M alden —
extended
4s, J&D, $8,000........
'7s, J&J, $26,000___Jan. 27, 1894
S ch ool H ouse N otes —
5s, M&S, 17,600.......
extended 5s, M&S, $23,500 ... Sept. 8,1892
Ce m e t e r y N otes —
($2,350 due y’rly) to Sept. 8,1901
4s, J&J. $6,000.......Jan. 18,1893 4s, J&D, $12,000...June 25, 1892
4s, M&N, 1,000.......May 26,1895 ($3,000 due y’rly) to June 25, 1895
4s, J&D, 2,000.......June 23, 1895 4s, J&D, $1,000....... June 25,1896
S e w e r B onds —

-5s, M&N, $7,200. ...N ov. 17, 1891 4s, Ji&T, $50,000.......... Jan.,
5s, M&S, 4,000___Sept. 1, 1892 4s, J&J,
25,000..........July,
($1,000 due y ’rly) to Sept. 1,1895
W a t e r B onds—
M u n ic ip a l L oans —
6s, J&J, $50,000.......... Jan.,
•5s, M&S, $10,000___
extended 6s, J&J,
50,000..........July,




3 %s, M&N,$10,000...Nov. 5,1891
($1,000 due y’rly) to Nov. 5,1900

assessed valuation for the preceding three years.

Cou rt H ouse and J a il .

F ir e E ngine , E tc ., N otes —

W a t e r W o r k s E xtension —

5,1891
5,1900

J enkins , and sinking funds, is limited by statute to 2 ^ per cent of the average

County seats are Salem, Newburyport and Lawrence.
LO A N S —
When Due. Total debt Jan. 1,1891.
Cou nty N otes f o r B r id g e , Cash in Treasury.
•378S,*
3^28,
312S,
312s,
3%s,

25

1911
1911
1892
1892

A S S E S S E D V A L U A T IO N — The city’ s assessed valuation and tax
rate have been as follows, real estate being taken at cash value:
Real
Personal
Total
Rate o f Tax
Tears—
Estate.
Property.
Valuation, per $1,000.
1891..................$33,393,000
$20,933,330
$54,296,330
$17-20
1890.................. 32,459,650
21,013,533
53,473,183
1640
1889.................. 30,687,300
19,154,391
49,841,691
17-80
1885.......................................
43,815,275
The tax rate in 1890 was made up of city tax proper, $12-00 ; State
and county tax, $4-40; total, per $1,000, $16-40.
PO PU L A T IO N —In 1890 population was 74,398 ; in 1880 it was 48,961 ; in 1870 it was 26,766.

F I T C H B U R G . — Chas . S. H a yd en , Mayor.
This city is in Worcester County.
, Interest.— ,
—
L O A N S—
Rate
When
P. ot. Payable.
N A M E A N D PU R PO SE.
City bonds.................................. 6
J & J
Water loan....................... ........ 6
J & J
do
................................ 6
J & J
do
........................ ......... 6
J & J
do
........ 4

Principal,
When Due.
July 1, 1893
July 1, 1891
July 1, 1905
July 1, 1906
1894

Amount
Outstanding.
$400,000
300,000
80,000
20,000
2,OOo

26

STATE AWE CITY S U p flE M E W T ,

Vol. LIIL

ASSESSED VALUATION.—The city’s assessed valuation and tax
Amount
Outstand­ rate at various periods have been as follows, real estate being taken “ at
Principal,
ing.
When Due.
NAME AND PURPOSE,
about three-fourths cash value
$2,500
1895
Personal
Rate o f Tax
do
................
Apr. 1. 1903)
Years—
Real Estate.
Property.
Total, per $1,000,
Subject to call > 50.000 1890...................... $9,928,400
$4,024,064
$13,952,464 $15-50
do
Apr. 1, 1893. )
1889......................
9,637,340
3,773,693
13,411,033
15 0 0
50.000 1888.....................
Apr. 1, 1898
9,154,010
3,896,088
13,050,098
17-50
3ia
do
6,500 1880............... . . . .
1891-93
5,476,770
2,624,380
8,101,150
22-00
4
Bridge loan (coupon notes)---16,000
1894-98
4
Sewer loan
do
—
Average assessed valuation for 1888,1889 and 1890, $13,402,129.
16,000
1891-98
4
Paving loan
do
—
95.000
PO PU LATIO N .—In 1890 population was 24,651; in 1880 it was
Temporary loans.......................
PAR VALUE OF BONDS.—The bonds are for $1,000 each and all 19,329; in 1870 it was 15,389.
coupon except the 3ia per cents due 1898 and the 4 per cents due in
1903. These latter are registered.
L
INTEREST—W HERE P A Y A B L E . — Interest is payable in Boston G R E E N F I E L D . — G H . K aulbach , Treasurer.
This town is in Franklin County.
at Merchants’ Bank.
The fire district is a municipal corporation within the town and has a
T O T A L DEBT, SINKING FUNDS, ETC.— The subjoined statement
shows Fitchburg’s total municipal debt, the sinking fund held by the distinct debt.
FIRE DISTRICT DEBT.
LO AN S—
When Due.
city against the same, the water debt, and the city’s floating debt, on
W a t e r L oan —
r e f u n d in g B onds —
the 1st of December of each of the last two years.
4s, J&J, $25,000..Oct. 15, 1892 ..s ,...... $80,075.................................
1889.
($5,000 due y’rly) to Oct. 15,1896 Total town debt March
Total debt (including temporary loans and
1890.
$1,004,000
20,1891......................
$62,000R e n e w a l R R . B onds —
water debt)....... ................................. .............
424,458 4s, J&J,
80,075$1,500...... Oct. 15,1895 Fire District debt add’l.
Sinking funds, cash, etc.....................................
469,148
4s, J&J,
1,500...... Oct. 15,1896 Tax valuation 18 9 1.... 4,786,757
4,500...... Oct. 15,1897 State, county and town
Net debt on December 1.............................
$568,852
$579,542 4s, J&J,
tax (per $1,000)........
$12-50
Oct. 15,1898
Water debt, included a b o v e ............................. $504,500
$504,500 4s, J&J, due15,000......Oct. 15,1902 Fire District tax add’l ..
$00-50
($3,000
y ’rly) to
The temporary loans included above amount in 1890 to $95,000.
Population in 1890 was........ 5,252
R e n e w a l I nd em n ity L oan —
$6,000...... Oct. 15,1899 Population in 1880 was.........3,90S
Of the total sinking funds, $215,856 belongs to the water debt. The 4s, J&J,
($2,000 due y’rly) to Oct. 15,1894
sinking funds are invested in sundry municipal bonds.
OËBT LIMITATION.—See general remarks on this subject made in
connection with the State debt statement.
H A D L E Y . — H . S. Shipm an , Treasurer.
A special exception for Fitchburg to the general provision a^to debt
The town of Hadley is situated in Hampshire County.
limit is found in Laws of 1890, Chapter 424, which authorizes the issue
Valuation, etc.
When Due.
LOANS
of $100,000 for hospital, not to be included in that limit.
Total debt Feb. 14,1891. $74,017
T o w n N otes —
ASSESSED VALUATION.—The city’s assessed valuation and tax ô^s,
Uncollected taxes, cash,
$25,000..Nov. 1,1891
etc..................................
10,146
7,500.. On demand
4%s,
rate have been as follows:
_________ I ____I ____
63,871,
17,000..Oct. 20,1891 Net debt...............................
Rate o f Tax 4-*48,
Total
Personal
Real
10.000. .Nov. 1,1896 I Tax valuation in 1890...1,000,873
4s,
per $1,000.
Valuation,
Property.
Years.
Estatei
10.000. .Nov. 1,1890 Population in 1890 w as........1,669
4s,
$16-40
$15,476,216
$3,591,126
18 9 0 ...............$11,885,080
1,800.. Jan. 1,1895 |Population in 1880 was........1,938
3^48,
.17-00
14,810,768
3,724,393
1889............... 11,086,375
13,694,890
1 8 8 8 ....................................
POPULATION.—In 1890 population was 22,037; in 1880 it was
12,429; in 1870 it was 11,260.
H A M P D E N
C O U N T Y . — M. W.
B ridge,

LO ANS-

/— Interest.— ,
Rate
When
P. Ct. Payable.
............
. 4

Treasurer.
F R A M I N G H A M .—

Town Clerk.

This town is in Middlesex County.
LO A N S—
When Due. Total debt in 1890........ $147,000
Sinking fund assets.......
14,000
H ig h w a y and B r id g e s —
............. $ 7 ,0 0 0 ............................... Total value town prop’ty 340,000
Tax valuation in 1890.. 7,861,630
Se w e r a g e —
............. $140,000................ ............. Population in 1890 was........ 9,239
Population in 1880 was........ 6,235

F R A N K L IN C O U N T Y ,

Treasurer.

County seat is Greenfield.
LO A N S —
When Due.

Total debt Sept., 1891..
$52,000
Tax valuation 1890....... 20,021,045
J a il L oan 48, J&J, $45,000.......................1892 Population in 1890 was....... 38,610
($5,000 due yearly) to 1900 Population in 1880 was....... 36,001
S u n de rlan d B r id g e L oan —

3%s, J&J, $7,000...........Jan., 1895

G A R D N E R . — C. W. B ush , City Clerk.
This city is in Worcester County.
__
When Due.
LO ANS-

Total value of town prop. 148,400
Tax valuation in 1890..4,136,802
Population in 1890 was........8,424
-H3,....... , $98,000.........................
Total debt in 1890.......... $98,000 Population in 1880 was........4,988
F unded D ebt —

G L O U C E S T E R . — A sa G. A ndrews , Mayor.
Gloucester is in Essex County. Highway improvement bonds for
$50,000 were issued in 1891.
. Tntpf'P t. _
Q
Amount
Outstand­
Principal,
LO A N S—
Bate
When
When Due.
ing.
NAME AND PURPOSE.
P. Gt. Payable.
City bonds....................... 1888.. 4 J & J July 1, 1908 $136,000
45.000
High school notes.......... 1889.. 4 M & S Sept. 3, 1899
Highway improvement.1891.. 4 J & J
July 1, 1901
50.000
Paving notes................... 1887.. 4 M & S Sept. 1, 1897
40.000
Policeandarmorynotes.1889.. 4
J & J Jan. 1, 1899
35.000
School notes................... 1884.. 5
A & O Oct. 1, 1894
4,800
Vario’s ’95-’99&1900
Various purposes notes........... 4
31,950
IN T E R E S T — W H E R E P A Y A B L E .—Interest on the city bonds is
payable at the Maverick National Bank of Boston, on the city notes at
City Treasury.
T O T A L D EBT , S IN K IN G FUNDS, Et c —The subjoined statement
shows Gloucester’ s total municipal debt and the sinking fund held by
the oity against the same on the first of November of each of the last
tw o years:
1890.
1889.
$310,350
Total funded debt................................................. $292,750
45,582
Sinking funds .................................................- 45,663

County seat is Springfield;
LO A N S —
When Due.

Total debt Jan. 1,1891
$359,473
Sinking fund ..............
38,400
Co u r t H ouse N otes —
7s, . . . . , $50,000....Aug. 22,1892 Tax valuation in 1890. 95,128,777
7 s , ___, 100,000....... Jan. 1,1894 County buildings, etc.,
563,553
are valued at............
($10,000 due y’rly) to Jan. 1,1903
J a il and H ouse of Co r r e c ­ Population in 1890 w a s ...135,713
Population in 1880 w as.. .104,142
tion B onds —
3s, F&A, $200,000---- Aug. 1,1906

H A V E R H I L L . — Hon. T . E. B u rnh am , Mayor.
Haverhill is in Essex County. Its “ net municipal indebtedness,”
which in 1875 amounted to $495,117, has been largely decreased.
Amount
. 7 jfp P t. .
V 'P Q
Outstand­
Rate
When
Principal,
LOANS—
ing.
P. Gt. Payable.
When Due.
NAME AND PURPOSE.
A & O 1 Oct. 1,1891 to ’94 \ $80,000
City bonds.......................... 7
$20,000 yearly. )
„ 5 Apr. 1,1892 to ’95)
20,000
A & u ( $5,000 yearly. )
do
80,000
M & S
Mch. 1, 1894
do
65.000
A & O
1899
1889 ................. 4’
do
45.000
A & O
1898
....................... 4
do
120,000
A & O Oct. 1, 1900
...............1 4
do
30.000
Aug. 1, 1895
! " .................. 3*2 F & A
do
INTEREST—W H ERE P A Y A B L E . — Interest is payable at City
Treasury.
T Q TAL DEBT, E t c .— Total debt Jan. 1,1891, $445,000; sinking
funds, $76,066; net debt, $368,934. Trust funds additional, $160,000.
ASSESSED V A L U A T I O N . — Assessed valuation in 1890 of real
estate, $13,139,666; of personal property, $4,731,106; total, $17,870,772; State, city and county tax pei $1,000, $17-00. In 1886, $15,406,124 (tax rate per $1,000, $16*75); in 1882, $11,513,621 (tax rate,
$17-40.)
PO PU LATIO N .—Population in 1890 was 27,412; in 1880,18,472
in 1870,13,092.

H O L B R O O K —

, Town Clerk.

This .town is in Norfolk County.
LO A N S—
When Due. Total debt in 1890........... $117,600
Sinking fund assets........
9,851
W a te r W o rks 48, A&O, $30,000---- Apr. 1, 1907 Total value town prop’ty 177,251
4s, A&O, 30,000.......Apr. 1, 1912 Tax valuation in 1890.. .1,107,230
2,474
4s, A&O, 40,000.......Apr. 1, 1917 Population in 1890 was.
2,130
Other debts 17,600........................... Population in 1880 was.

H O L L I S T O N . — J ames F. F iske , Town Treas.
Net debt on November 1............................... $247,086
$264,768
This town is in Middlesex County.
Water debt............................................................
None.
None.
On February 1,1891, the Holliston Savings Bank held aU the town’ s
The sinking fund receives yearly about $20,000, and is invested in
bonds.
real estate mortgages, railroad bonds, etc.
LO A N S —
When Due. Tax valuation................ $1,552,703
W a r L oan —
*
State, city and county
OEBT LIM ITATION.—The city’s debt, after deducting water debt
313s, J&D, $18,000.. ..Dec. 1,1891
tax per $1,000............
$16-30
and sinking funds, is limited by law to 2 ^ per cent of the average as­ ($3,000 due y’rly). .to Dec. 1,1896 Population in 1890 was........2,616
sessed valuation for the three preceding years, after all abatements Town notes ...............
$6,000 Population in 1880 w as........ 3,098
Total debt Feb 1,1891.
24,000
have been made.




October, 1891.

H O L Y O K E . — M ichael J. G r iff in , Mayor.
This city is in Hampden County. The bridge bonds for $85,000 were
■sold in August, 1891.
■ From a hamlet to a city of 35,000 population in two generations is
“
a development to which we can look with some satisfaction, even
though it be accompanied by a fairly high tax rate, caused by liberal
expenditure for public improvements, streets, sidewalks, sewers
■schools, water, lighting, etc., for the average citizen is content so Ion,
as he is satisfied that what he pays in taxes is expended wisely for the
needs of the City.” —Mayor's Address, December, 1890.
,— Interest.— ,
Amount
Bate When
Principal,
LOANSOutstandP. Gt. Payable.
when clue.
NAME AND PURPOSE.
ing.
Bridge bonds, 1891............- 4g M & S
Sept. 1, 1911
$85,000
City bonds........................... 6
A& O
Oct. 1, 1899
271,000
. 4
M &S
Sept. 1, 1898
125,000
. 6
J & J
July 1, 1900
250,000
Holyoke &
,. 7
J & J
July 1, 1893
60,000
do
do
4
A& O
Oct. 1, 1920
166,000
Various
City notes...................Var, Various •
196,000
$83,000 in 1891.

IN T E R E S T - W H E R E P A Y A B L E — Interest on the city and railroad
4 per cents is payable in Boston, on other issues at City Treasury.
=
T O T A L DEBT, S IN K IN G FUND, E t c .— The subjoined statement
shows Holyoke’s total municipal debt and the sinking fund held by the
city against the same on the first of January of each of the last two
years.
Total debt (including water debt, etc.)............ $1,068,000
Sinking funds......................................................
257,472

27

ìETTS— (

$1,042(500
237,615

■Interest.— ,
Amount
Bate When
Principal,
Outstandr
Payable. When Due.
ing.
) N ov.l,’91-1900) fficn aaa
Gale’s Hill improve, notes...
4
M
l part each year. $ S
t
’50’000
Municipal debt—not funded.. 6
Apr. 1, 1892
25,000
do
do
do
.. .
6
Oct. 1, 1892
6,000
do
do
do
.. .
6
July 1, 1894
262,000
do
do
do
...
6
Feb. 1, 1905
3,000
4
Ordinary city debt, 1885........
& J July 1,
1895
80,000
Sewer loan, 1884..................... 4
& J July 1, 1904 300,000
Union Street bridge................. 4
& J July 1,
1902 65,000
Water loan, 1873.....................
6
& O Oct. 1, 1893 100,000
(a) do
1874..................... 6
& o Apr. 1, 1894 327,000
6
<a)
do
1874....................
& o Oct. 1, 1894 373,000
(b) do
1875..................... 6
& o Apr. 1, 1900 200,000
(b)
do
1876..................... 6
& o Apr. 1, 1906 100,000
(a) $500, $1,000 and $5,000 pieces.
(b) $1,000 bonds.

LO A N S —

NAME AND PURPOSE.

POL

PAR V A L U E OF BO N D S. —The bonds are of various denomina
tions, as indicated above.

IN T E R E S T — W H E R E P A Y A B LE . —Interest is paid partly at the
Tremont Bank in Boston, and partly by the City Treasurer.
T O T A L D EBT , S IN K IN G FUND, ETC.—The subjoined statement
shows Lawrence’s total debt, the sinking fund held by the city
against the same, and the water debt, on the first o f January of
each of the last two years.
1890.
Total debt (including water debt)....................$1,950,835
$2,118,782
Sinking funds, etc...............................................
545,190
697,662

Net debt on.................................................... $1,405,465
$1,421,120
Water debt, included above.............................. $1,100,000
$1,300,000
Net debt on January 1.................................. $810,528
$804,885
Of the sinking funds as above given on January 1,1891, $240,118
Water debt, included above............................... $250,000
$250,000
was for water debt, $176,274 for the municipal bonds, $42,178 for
Of the sinking fund as above given for 1891, $145,392 was for ordin­ the ordinary city debt, $73,228 for the sewer loan and $13,193 for the
ary city bonds, the balance, $112,080, being for water debt.
Union Street bridge loan.
On December 1,1890, the net debt, after deducting cash, uncollected
C ITY PR O P E R T Y .—The city owns property valued at $1,878,542
taxes, etc., was $701,576, against $677,238 December 1,1889.
including $1,030,507 for water works. In 1890 water works’ earnings
were $82,165.
C IT Y P R O P E R T Y — The city has, besides the sinking fund above
‘described, $226,500 Holyoke & Westfield RR. stock. This railroad is
D E B T L IM IT A T IO N .— The city’ s debt, after deducting water
leased to the New Haven & Northampton and has paid dividends since debt and sinking fund, is limited by law to 21 per cent o f the average
a
1879, the city receiving $6,795 therefrom in 1890. The water works in assessed valuation for the three preceding years.
1890 had gross earnings of $67,916.
A S S E S S E D V A L U A T IO N .— The city’s assessed valuation and tax
DEBT LIMITATION—The city’s debt, after deducting water debt rate at different periods have been as follows, real estate being taken
and sinking fund, is limited by statute to 2*2 per cent of assessed valu- at “ about 90 per cent cash value; ”
tion for the three preceding years.
Total Assessed
Bate o f Tax
Years—
Valuation.
per $1,000.
ASSESSED VALUATION—The city’ s assessed valuation and tax 1890. ..................... ............................... .$30,476^223
$14-80
rate have been as follows, real estate being taken “ at about 60 per 1889............................................. . ............ 29,640,947
151888........................ ; ................. ................ 28,971,979
cen t cash value.”
1600
1880.......................... ................................. 24,187,140
16Beal
Personal
Total
Bate o f Tax
Years—
Estate.
P O P U L A T IO N In 1890 population was 44,654 ; in 1880 it was
Property.
Valuation, per $1,000.
39,151 ; in 1870 it was 28,921.
1890..................$16,914,870
$5,158,955
$22,073,825
$18-00
1886.......................................
............
............
16,874,635
18-20
1882.......................................
............
............
13,374,005
15-40
PO PU LATION—In 1890 population was 35,528 ; in 1880 it was 21 - L E E . — D a v id D resser, Treasurer.
•915 ; in 1870 it was 10,733.
The town of Lee is situated in Berkshire County.
LO A N S—
When Due. Total debt Sept. 20,1891. $19,700
R a il r o a d B onds —
Tax valuation in 1891. ..1,755,319
H O P K I N T O N . — 0 . W onderley , Town Clerk.
s , ........, $5,000........ Sept. 1, 1892 Total tax per $1,000.......
20-00
s, ........ , 1,700.. Sept. 1,1893
This town is in Middlesex County.
Population in 1890 w as.........3,785
s, ........ , 5,000.. Sept. 1,1894
Population in 1880 was.........3,939
LO A N S—
When Due.
Valuation, etc.
s........... . 5,000.......Sept. 1, 1895
■S
chools —
Total debt in 1890........... $184,000
Demand notes, $3,000
............. $ 20,000 ...............................
Including trust funds..
5,000
O th e r P ublic B uildings —
Water sinking fund.......................... 4,000
........... $15,000..........................
Other sinking funds.......................... 93,000
R ailro ad s —
B. Start, TownOlerk.
Tax valuation in 1890.. .2,222,199 L E O M I N S T E R . —
........... $109,000........................
Population in 1890 was.
4,088
This town is in Worcester County.
W a t e r W o rks —
Population in 1880 was..
4,601
. . . . . . . $35,000........................
When Due. Tr’st funds 20,000.......... Perpetual
LO A N S—
W ater W orks.
Total debt in 1890 in­
7s, M&N, $25,000...May 17,1895
cluding trust funds... $259,200
6s, J&J,
10,000...July 1,1895 Sinking fund appropria­
H U D S O N . — J oseph S. W elsh , Treasurer.
4s, M&N, 50,000...Nov. 17, 1900
11,290
tion for 1890..............
This town is situated in Middlesex County, about 28 miles west of -8, ........ , 65,000.......... ............ .
Tax valuation in 1890. 4,514,349
T o w n N otes .
Population in 1890 was........ 7,269
Boston. It oontains several large shoe manufactories
3128, F&A $25,000...Aug. 1, 1895 Population in 1880 was........ 5,772
LO A N S—
When Due. Total debt Jan. 1,1891.. $163,390 Other debts 64,200...........................
T o w n B onds —
Cash & uncollected taxes
38,025
—s , ........ , $ 7 2 ,0 0 0 ......................
Net debt............................ 125,365
W a t e r B onds Tax valuation in 1890.. .2,490,115 L E X I N G T O N . —
Town Clerk.
•s,........ , $91,390.
20-00
Tax rate per $1,000........
This town is in Middlesex County.
Population in 1890 w as........ 4,670
Population in 1880 was........ 3,739
LOANSWhen Due. 3%s, Nov.27, $4,000. .Nov.27,1894
T ow n H a l l N otes -j338S,Dec. 5, 4,000..Dec. 5, 1895
4s, J&D, $13,000........ Dec. 1,1891 Total debt March, 1,1891 $54,300
H Y D E D A R K . — H enry S. B unton , Treasurer.
($2,600 due y’rly) to Deo. 1,1895 Tax valuation 1890.......3,378,189
S chool H ouse N otes —
$12-10
This town is in Norfolk County. The debt incurred of recent years 3388, J & D , $4,000..J’n e l l , 1892 Tax per $1,000...............
Population 1890 was___
3,197
lias been for permanent improvements.
33ss, A & O ,
4,000..Oct. 28,1893 Population 1880 was___
2,460
LO ANSWhen Due. 48, M&S, $14,000...... Sept. 1, 1892
T o w n B onds —
($2,000 due yearly) to Sept. 1,1898
-4s, F&A, $1,500........ Aug. 1,1892
T o w n N otes —
L I N C O L N . — J. L. Ch a pin , Town Clerk.
($500 due yearly) to Aug. 1,1894 4s, M&N, $20,000___Nov. 1, 1891
4s, F&A, $10,000.......Aug. 1, 1892 4s, F&A, 1 25,000....Feb. 1,1894
This is a town of Middlesex County.
($2,000 due yearly) to Aug. 1,1896 4s, J&J,
4,000... .July 1,1892
LO A N S
When Due. Totafdebt, Feb., 1891... $30,000
fs-M &N, $ 14,000....Nov. 1,1891 ($1,000 due yearly) to July 1,1895
W a t e r B onds—
Net debt............................
21,900
<$2,000 due yearly) to Nov. 1,1897
6s, J&D, $30,000...........
1894 Tax valuation...................1,539,688
987 Tax rate per $1,000.......
$8-40
T O T A L DEBT, Et c .—Total debt February 1,1891, was $214,000; Population in 1890 was
sinking fund, $133,277; net debt, $80,723. Sinking fund consists of
IN T E R E S T is payable at National Bank of Commonwealth, Boston.
the town’s bonds and notes for $130,000 and cash on deposit, $3,278.
A S S E S S E D V A LU A T IO N , Et c .—In 1891 assessed valuation of L O W E L L — George W . F ifield , Mayor.
Teal estate was $6,799,695; personal property, $925,895; total, $7,725 -590; tax rate (per $1,000), $14-60, against $15-60 in 1890. In 1882
total assessed valuation was $ 4, 597 ,7 7 1 .

This city is in Middlesex County. The city notes and most of the
water notes are held by savings banks.
„ LO ANSWhen Due.
V ariou s Cit y B onds—
B rid g e B onds P O P U L A T IO N .— Populationinl890 was 10,193; in 1880 was 7 088- 48, M&N, $120,000 ...N ov. 1,1892 4s, M&N, $7,500.......May 1,1892
4s, M&N, 7,500.......May 1, 1893
in 1870 was 4,136.
’
’ 4s^A&O,
94,000... Apr. 2,1903 4s, J&D, 198,000.......Dec. 1,1891
Cit y H all B onds
($22,000 due y’rly) to Dec. 1,1899
4s, A&O, $95,000.......Oct. 1,1920
W a t e r B ondsL A W R E N C E — L jswis P. Collins , Mayor.
S e w e r B onds 48, M&N, $600,000....Nov. 1,1920
This city is in Essex County. The gross debt has been largely re­ 48, J&D, $15,000... .June 20,1892 ..............., 86,000. . . ...........
4s, J&D, 15,000... .June 20, 1893
duced of recent years.
W a t e r N otes 4s, A&O, 56,000........ Oct. 2,1902 6610s, J&D, $100,000. J’ne 14,1893




20
80

Yol. LUI,
4s. J&D, $43,200.......Dec. 21,1891
when Due ($5,4000 due y’rly) to Dec. 21,1898
. -*
6^8, A&O, 50,000.Oct. 14,1894 4s, M&S, $32,000.......Mar. 4,1892
-6128, M&N, 100,000. Nov. 12,1894 ($4,000 due yearly) to Mar. 4,1899
4s, M&N,
75,000.Nov. 1,1911 4s, F&A, $42,000.......Aug. 1,1892
($6,000 due yearly) to Aug. 1,1898
....... 200,000........ ........ 4s, F&A, $35,000.......Aug. 7,1892
Cit y N otes —
„ ....
6i28, F&A, $100,000..Aug. 7,1894 ($5,000 due yearly)to Aug. 7,1898
6128, M&N,
25,000..Nov.25,1894 4s, J&J, $31,500.......July 16,1892
6s, Various, 36,000-Irredeemable ($3,500 due y’rly) to July 16,1900
4s, J&D,
5,000..D e c .ll,1891 4s, M&N, $46,000___Nov. 29,1891
4s, M&N, 195,000..May 1, 1892 ($4,600 due y’rly) to Nov. 29,1900
4s, J&D,
60,000. .June 9,1892 3^88, M&N, $20,000..May 22,1892
4s, M&8, 30,000.. Sept. 1,1892 ($2,500 due y’rly) to May 22,1899
4s, J&D, $48,600.. .Dec. 15, 1891 33ss, J&D, $24,000.. .June 3,1892
($16,000 due y’rly) to Dec.15,1893 ($3,000 due y’rly) to June 3,1899
4s, J&J, $12,000....... Jan. 15,1892 u N otes in Sin k in g F und­ $9,000
s , Var’ s, $43,000.Yearly
($3,000 due y’rly) to.Jau. 15,1895
Var’
4s, J&D, $12,000........ Dec. 1,1891 4s, Var’ s, 150,200.Yearly 22,100
312s,
s, 35,000.Yearly 7,000
($4,000 due y’rly) to Dec. 1,1893
T O T A L DEBT, S IN K IN G FUNDS, ETC.-The subjoined statement
shows Lowell’s total debt and the sinking fund held by the city against
the same on the first of January of each of the last two years:
1890.
1891.
$3,461,700
Total debt (including water debt)................ $2,894,000
1,325,582
Sinking funds..........................*- - -.................
$2,136,118
Net debt on January 1 .............................
$1,828,000
Water debt (included above)...........................$ i,zn ,u u u
The sinking funds are for the most part invested in bonds of New
England cities. Of the total sinking fund as given above for January
1,1891, $53,873 was held for the water debt.
CITY P R O P E R TY .—The city owns real estate valued at $2,042,324
in addition to the water works, which have cost $2,387,672, the city’ s
total assets, real and personal, being about $5,109,384.
ASSESSED VALUATION.—The city’s assessed valuation and tax
rate at different years have been as follow s:
Bate o f Tax
Personal
Total.
per $1,000
Property.
Years—
Peal Estate.
$62,353,612
$17-00
$17,037,462
1890.................. $45,316,150
59,753,979
16-10
15,639,884
44,114,095
1889....................
57,696,560
.........
15,160,815
1888
42,535,745
56,749,253
15-70
15,426,459
1887.;'. " .............
41,322,794
POPULATION.—In 1890 population was 77,696; in 1880 it was
59,475; in 1870 it was---------- .

LO A N S—

W a t e r N otes —

CITY PRO P E R TY AND W ATER W O RK S.—The city property,
consisting of real estate, school buildings and public parks, amounts
to $1,213,050. Total cost of water works to Jan. 1,1891, was $1,916,382. The earnings of the water works for 1890 were $133,069; ex­
penses of operation and maintenance, $23,257; interest on water
loan, $80,183; total, $103,440; leaving a balance of $43,649, which
was transferred to the water loan sinking fund.
DEBT LIMITATION.—See general remarks and laws cited under
this head in connection with the details of the debt and finances of the
State of Massachusetts on page 19. It will be noted there that since
January 1, 1889, the general debt limitation of Lynn has been 2*2 per
cent.
An exception to this limitation is found in the supplement to the
Public Statutes, Laws of 1888, Chapter 229, in an act entitled “ An act
“ to enable the city of Lynn for the purpose of providing a new HighSchool building.” The amount authorized is $150,000 for the land and
building beyond the limit of indebtedness fixed by law.
Another exception is found in Chapter 172, Laws of 1887, which
authorizes (in addition to amount authorized by act of 1887, Chapter
84) not exceeding $100,000 for drains and sewers.
Another exception is found in the Laws of 1890, Chapter 258, which
authorizes an additional $100,000 for High-School building.
Still another exception is found in Laws of 1890, Chapter 203, which
authorizes $150,000 for street improvements.
ASSESSED VALUATION.—The city’ s assessed valuation and tax
rate have been as follows, real estate being taken “ at about threefourths cash value.”
Rate o f TaxPersonal
Total. per $1,000Property.
Years—
Beal Estate.
$44,764,672
$12,371,400
1891.................. $32,393,272
$15-00
40,730,378
11,340,046
1890.................. 29,390,332
14-20
40,024,867
12,448,931
1889.................. 27,575,936
18-60
33,224,080
6,881,141
1888.................. 26,342,939
17-60
23,383,735
5,470,192
1880.................. 17,913,543
17-20
20,927,115
6,649,903
1870.................. 14,277,212
PO PULATIO N.—In 1890 population was 55,727; in 1880 it w as
38,274; in 1870 it was 28,233.

L Y N N . — E. K nowlton F ogg, Mayor.
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. In 1891 $10,000 of 4 per cent bonds
due 1911 were authorized, and $150,000 water bonds were authorized.
Str e e t I m pro vem en t LO A N S—
When Due.
48, A&O, $125,000... .Apr. 1,1920
E ngine H ouse —
w a t e r L oan 4 s , ........ . $6,000........ Nov. 1,1891
($1,500 yearly) to Nov. 1,1894 68, J&J, $300,000... .July 1,1891
4 s , ........ . $8,000........July 1,1898 6s, J&J, 100,000. . . . July 1,1894
6s, J&J,
50,000___Jan. 1,1896
F ir e A pp aratu s L oan 5 0 ,0 0 0 ....Jan. 1,1899
48, J&J, $11,000........July 1,1900 5s, J&J,
5s, J&J,
5 0 ,0 0 0 ....Jan. 1,1900
M u nicipal L oan —
5 0 ,0 0 0 ....Jan. 1,1901»
6s, J&J, $50,000......July 1,1892 5s, J&J,
fis, A&O, 70,000......Apr. 1, 1895 5s, J&J, 200,000. . . . Jan. 1,1905
4s, A&O, 18,000... .Apr. 1,1891
6s, A&O, 220,000......Apr. 1,1896
24,500... .Feb. 1,1892
5s, M&N, 30,000.......Nov.19,1894 4s, F&A,
13,400... .Feb. 1,1893
5s, A&O, 75,000.......Oct. 1,1897 4s F&A,
4s, A&O, 10,000... .Apr. 1,1900
P a r k L oan —
4s, M&S,
8,000... .Mar. 1, 1903
4s, J&J, $30,000.......July 1, 1919
4s, A&O,
6,000...... Oct. 1,1919 4s, M&N, 20,000... .Nov. 1,1913
4s, M&S,
50,000... .Mar. 1,1914
4s, A&O, 20,000...... Apr. 1,1920
4s, J&D,
20,000... .Dec. 1,1914
P o lice Station L oan 10,000___Sept. 1,1916
48, J&J, $46,000........ July 1,1899 4s, M&S,
9 ,0 0 0 ....Oct. 1,1916
4s, J&J,
8,000........July 1,1900 4s, A&O,
4s, J&J,
7,500... .July 1,1917
School H ouse L oan 5,000---- Aug. 1,1917
48, J&D, $23,400..... June 1,1892 4s, F&A,
2,000... .Oct. 1,1917
($3,900 due y’rly) to June 1,1897 4s, A&O,
6,500... .Nov. 1,1917
4s, A&O, $18,000......Oct. 1, 1892 4s, M&N,
15,000... .Apr. 1,1918
4s, M&N,
3,500......N ov.l’91-’94 4s, A&O,
10,000... .June 1,1918
4s, M&S,
5,000...... Sept. 1,1898 4s, J&D,
85,000... .July 1,1918
4s, A&O, 11,000......Apr. 1,1899 4s, J&J,
4s, A&O, 4,000......Apr. 1,1900 4s, A&O, 100,000... .Apr. 1,1919
48, A&O, 60,000......Apr. 1,1909 4s, J&J, 75,000. . . . July 1,1919
35,000... .Jan. 1,1920
4s, A&O, 50,000......Oct. 1,1910 4s, J&J,
4s, A&O, 150,000... .Apr. 1,1920
Se w e r L oan —
3%s, F&A, 3,500... .Feb. 1,1892
4s, M&N, $31,000......Nov. 1,1897
4s, J&J, 30,000......July 1,1904 3%s, F&A, 2 5 ,8 0 0 ....Feb. 1,1893
4s, M&S, 25,000......Sept. 1,1905 3%s, M&N, 2,000... .May 1,1893
4s, J&J,
5,000..... Jan. 1,1906 3%s, M&N, 1 0 ,0 0 0 ....May 1,1894
4s, J&J, 100,000......July 1,1906 3%s, M&N, 7 ,300... .May 1,1904
3%s, M&N, 3 1 ,0 0 0 ....Nov. 1,1913
4s, M&N, 20,000..... Nov. 1,1906
3^s, J&D,, 6 ,0 0 0 ....Deo. 1,1915
4s, M&S, 10,000..... Sept. 1,1907
313s, F&A, 5,000... .Feb. 1,1892
4s, J&J,
5,000..... Jan. 1,1908
3Ljs, M&N, 71,500... .May 1,1905
4s, F&A, 10,000..... Aug. 1,1908
312s, J&D, 5 ,0 0 0 ....Dec. 1,1905
4s, M&S, 10,000..... Sept. 1,1908
313s, A&O, 2 ,0 00 .... Apr. 1,1916
4s, M&N, 10,000.....Nov. 1,1908
313s, M&N, 24,500... .May 1,1916
4s, A&O, 100,000.....Apr. 1,1909
3iss, J&D, 3,500... .June 1,1917
4s, J&J, 35,000.....July 1,1910
3%s, J&J, 10,000......July 1,1904 313s, F&A, 6,500... .Feb. 1,1917
3*28, M&N, 9,000......Nov. 1,1894
313s, J&D, 15,000.......Ju n el, 1895
PAR VALUE OF BONDS.—The bonds are in pieces of $500 to
$2,500 each.
INTEREST—W H ERE PAYABLE.—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, SINKING FUNDS, E T C .-T h e subjoined state­
ment shows Lynn’s total municipal debt, the sinking fund held by the
city against the same, the water debt, and the city’s floating debt, on
the 20th of December of each of the last two years.
1889.
1890.
$1,206,700
Funded debt (exclusive of water debt)........... $1,324,300
353,235
Sinking funds............................... ........................
224,641

-Joseph F. W ig g in , Mayor.
This city is in Middlesex County.
Malden was incorporated as a city January 2,1882.
LOANS—
When Due. 4s, M&S, 3,000..........Sept.l, 1892T
($500 due yearly) to Sept. 1 , 189T
B r id g e L oan (N otes ), 1889—
313s, A&O, $4,750....... Oct. 20,1893 4s, J&D, $9,000......... Junel, 1892
313s, A&O, 4,750....... Oct. 20,1894 ($1,500 due yearly) to June 1 , 189T
4s, M&N, $8,000........ Nov. 1,1891
Ce m e t e r y L oan —
4s, M&N, $5,000.........Nov. 1, 1891 ($4,000 due yearly) to Nov. 1,1892:
4s, A&O, $24,000.......Apr. 1, 1894
C h em ic a l F ir e E ngine 48, A&O, $2,000.........Apr. 1892-3 ($4,000 due yearly) to Apr. 1, 18993 9-10s, M&S, $2,000.Sept. 1, 1892
G r a v e l P it , 1889—
4s, M&N, $4,000.........Nov. 1,1891 ($1,000 due yearly) to Sept. 1,1 89 8
($1,000 due yearly) to Nov. 1,1894 3 9-10s, M&S, $1,500.Sept. 1,1894
Str e e t L oans —
4s, M&N, $3,000.........Nov. 1, 1895
4s, M&N, $6,000.........Nov. 1,1891
P ublic H eal th N otes —
4s, J&D, $9,000.......... June 20,1892 4s, A&O, 28,000.........Apr. 1,1892
($1,500 due yearly) to June 20,1897 ($3,500 due yearly) to Apr. 1 ,1890
4s, M&N, $5,000..........Nov, 1, 1890
School H ouse L oans —
W a t e r Construction —
434s, M&N, $25,000...May 15,1892
6s, J&J, $100,000....... July 2, 1892
($4,500 due yearly) to May 15,1896
50,000....... July 1, 1896
4s, M&S, $14,000....... Mar. 2,1892 6s, J&J,
15,000....... Jan. 1,1901
($3,500 due yearly) to Mar. 2,1895 4s, J&J,
10,000....... July 1,1901
4s, M&N, $2,750.........Nov.16,1891 4s, J&J,
4s, J&J,
80,000........July 1, 190T
($550 due yearly) to Nov.16,1895
4s, M&N, $15,000....... May 15,1892 S^s, J&J, 25,000........July 1,1905($1,600 due yearly) to May 15,19.00 ......... 200,000...................
4s, A&O, $3,000..........Oct. 15,1894 4s, J&J, 100,000........July 1,1908-

M A LD E N .

$853,465
Net debt on Dec. 20th........................................ 2nn
$1,612,500
Water debt (additional)..................................... ^1.677,ouu
$125,000
Floating debt (additional)................................. „ XiV’nnX
$2,944,200
Total municipal debt..........................................
The sinking fund receives yearly an amount sufficient, with accumulationsof interest, to pay debt at maturity.




PAR VALUE OF BONDS.—The water bonds are all $1,000 each.
T O T A L DEBT, SINKING FUNDS, ETC.-The subjoined statement
shows Malden’s total debt and the sinking fund held by the city against,
the same on the 1st of January of each of the last two years.

1891.
Total debt (including water d eb t).......................
Sinking fu n d ..........................................................

41’05U

1890.
$800,650188,931

$611,719Net d e b t............. -.............................................*623,700
$580,000Total water debt (included above) ....................
$172,931
Water debt sinking fund (included above)........ $17,450
Qi-pY P R O P E R T Y .—The city owns property valued at $6b8,570,.
not including the water works. Earnings of the water works in 1889
were $63,847; expenses, $5,758; interest on water loans, $27,375; paid
to sinking fund, $12,382; construction account, $19,955.
n r p T LIMITATION.—The city’s debt, after deducting water debt
and sinking fund, is limited by law to 2*2 per cent of the averageassessed valuation for the three preceding years.
, .
ASSESSED VALUATIO N.—The city’s assessed valuation and ta x
rate have been as follows:
Total Assessed Bate o f Tax
Beal
Personal
per $1,000Valuation.
Years.
Estate.
Property.
$15-00
$18,730,480
15-10
17,257,475
$2,090,475
1890
$15,167,000
15-50
16,133,537
2,059,637
1889 " ............. 14,073,900
14-60
15,420,324
2,170,724
1888
13,249,600
14"50
14,403,880
2,026,230
1 88 7 “
12,377,650
13-60
11,003,059
1,864,809
1882

9,138,250

The tax rate includes State, city and county levies.
POPULATIO N.—In 1890 population was 23,031; in 1880 it was12,017; in 1870 it was 7,367.

M A R B L E H E A D , -S. G-. F elton, City Clerk.
This city is in Essex County.
When Due.
LOANS-

B r id g e , E tc .—

,.s, .......

$5,000.........

F ir e D epa rtm en t —

..s, ....,

$ 4 ,0 0 0 ......

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

$18,500.........

P a r k s , L ib r a r y , E t c .Schools —

„ 8 , ...... .

$16,000........

W a te r W orks—

................ $146,000.........

Valuation, etc.
$8,588Trust funds....................
32,835*
Other debts...............: -Total debt in 1890, in230,928
clud’g trust funds, etc.
Annual sinking fund
7,000*
and interest................
Tax valuation in 1890. 4,741,200
.
Population in 1890 was........
Population in 1880 was........ 7,46T

M a r l b o r o u g h .
W m . A . A l l e y , Treasurer.

— h . H owe , M ayor;
s.

This town is in Middlesex County.
i /-. am o
s—-Interest.— ,
Amount
Hale
When
Principal,
OutstandN A M E A N D PU R PO SE.
P. Ot. Payable. When Due.
ing.
W a terl° a» ............- ................... 4
J & J July 1, 1900
$50,000
...................................... 4 M & N
May 1, 1904
20,000
...................................... 4 M & S
Sept. 1, 1912
125.000

Sewer bonds, April i , l W l . . ’ .e
4 J* & J
JuFy l ’ 1911
100,’000
INTER EST—W HERE PAY A B L E.-—Interest on sewer bonds is pay.
able at the Winthrop National Bank, Boston, Mass., also principal
when due.
T O T A L FUNDED DEBT.—Tbe total funded debt of Marlborough
April 1,1891, was $395,000; the sinking fund assets were $43,000
ASSESSED VALUATION .—The assessed valuation in 1890 of real
estate and personal property was $6,284,632.
PO PU LATIO N .—In 1890 the population was 13,805; In 1880 it was
10,127; in 1870 it was 8,474.

M A R S H F I E L D .—

Town Clerk.

This town is in Plymouth County
LO A N SWhen Due. Sinking fund assets........
$8,525
R a il r o a d s —
Total value town prop’ty. 18,625
4s, &c., $65,000..............................
Tax valuation in 1890.. .1,115,299
Other debts, $2,650................
Population in 1890 was.........1,713
Total debt in 1890.............. $67,650 Population in 1880 was.........1,781

M A Y N A R D .—

A S S E S S E D V A L U A T IO N , Et c .—In 1890 the town’s real estate val­
uation was $2,801,590; personal estate, $564,126; total, $3,365,716;
tax rate (per $1,000), $13-75.
Valuation of Fire District in 1890: Beal estate, $1,856,895; personal
property, $380,474; total, $2,237,365; tax rate, $1-60 per $1,000.
PO PULATION.—In 1890 population was 6,065; in 1880 it was
5,237; in 1870 it was 4,687.

M ID D L E S E X
Treasurer.

C O U N T Y . — J.

0.

H ayden,

County seats are Lowell and Cambridge.
LO A N S—
When Due.
Valuation, etc.—

B u ild ing & I m p ro vbm ’ t N otes — Total debt J a n .1,1891

4s,
4s,
3*28,
3J/JS,
3^28,

$155,000
$3,000..................................Ondemand.
A ppraised value county
25,000.................Jan. 1,1892
property.................... 1,304,259
72,000..................................Ondemand.
Tax valuation 1890... 361,950,890
2 5 ,0 0 0 ...............Jan. 1,1892 Population in 1890 w a s.. .431,167
30,000.................Jan. 1,1894 Population in 1880 w as...317,830

M I L F O R D . — J. T. McL oughlin , City Clerk.
This city is in Worcester County.
LO AN S—
When Due. Floating debt......... .*
........ $36,500
„
Total debt July, 1 8 9 0 .... 101,500
5s, M&N, $40,000— Nov. 1,1893 Annual interest charge..
5,233
R a il r o a d B onds—
Tax valuation in 1890.. .4,871,754
6s, F&A, $25,000... .Aug. 10,1897 Population in 1890 was.
8,780
Population in 1880 was.
9,310

, Town Clerk.

This town is in Middlesex County.
LO ANSWhen Due. Total value of town prop. $117,800
Wa te r Wo rks—
Tax valuation in 1890.. .1,960,586
I s , ........ ,$ 9 3 ,0 0 0 .........
........
Population in 1890 was........ 2,700
Total debt in 1890............. $93,000 Population in 1880 w as.......2,291

M E D F O R D . — Parker R. L itchfield , Treas.
Medford is in Middlesex County.
“ The Water Commissioners feel confident that after the present year
(1891-92) a net income of $10,000 a year at least * * * may be relied
on as applicable to the sinking fund.”
-— Interest.— ,
. ^ . __
Amount
LOANS—
Bate
When
Principal,
Outstand­
NAME AND PURPOSE.
P. Ot. Payable,
When Due.
ing.
Notes, 1874_________
7
May 9, 1894
10,000
do
1874.......................
7 ........
July 1, 1894
10,000
Trust funds............. .
«
........
Irredeemable.
25,367
Notes..............................
«
..................
Oct. 10,1893
11,000
do 1 8 9 1 ......................
4
July 1, 1896
13.000
do 1890.................................4
Dec. 1, 1897
5,000
Due State of Massachusetts 3 V . . .. ..
V a r..l89i to~1895
67,350
Water works, 1874................ 6 J & J
July 1, 1894
50.000
} § 9 0 ............c 4
J & J
July 1, 1900
75.000
do
18 9 0 ............c 4
J & J
July 1, 1910
125,000
PAR VALU E OF BON DS.—The 4 per cents are for $1,000 each.
INTEREST—WHERE PAYABLE.—The bonds and interest on
same are payable at the Howard National Bank of Boston. All notes
and interest on same are paid by City Treasury.

M O N T A G U E . — M. B. Collins , Treasurer.
This town is in Franklin County.
The Montague sewer bonds are all exempt from taxation. The debt
is as follow s:
- Interest.— ,
—
Amount
LO A N S—
Bate
When
Principal,
Outstand­
N A M E A N D PU R PO SE.
P. Ot. Payable. When Due.
ing.
Sewer loan*................................ 4
J & D June 1, 1905
$50,000
Town n otes.
20,000
* Exempt from taxation.

IN T E R € S T — W H E R E PA Y A BLE . —Interest on these bonds is pay­
able at the National Bank of the Commonwealth, Boston, Mass.
T O T A L DEBT, E t c .—The total debt of the town of Montague on*
Feb. 5,1891, was $70,000; the sinking fund assets were $9,919; netdebt, $60,081. The amount of $2,000 is payable to the sinking fund!
yearly.
A S S E S S E D V A L U A T IO N .—The assessed valuation of real estate in
1890 was $2,595,125; of personal property, $710,202; total assessed
valuation, $3,305,327. The tax rate (per $1,000) was $13-50.
P O P U L A T IO N .— The population in 1890 was 6,296; in 1880 it was
4,875; in 1870 it was 2,224.

N A T I C K . — J as . M c Manus , Town Clerk.

This town is in Middlesex County.
T O T A L DE&T, Et c .—Total debt February 1, 1891, was $391,717
LO A N S—
When Due. Total debt in 1890........ $239,926
(of which $250,000 for water w orks); sinking fund, $12,080; net debt,
Wate r Works—
Sinking fund assets.......
20,420
$379,637. The city owns property valued at $694,517, including $300 - ........... $117,700..............................
Tax valuation 1890___ 5,439,375
O th e r D ebts —
000 for water works.
Population in 1890 was.........9,118
.............$122,226............................ Population in 1880 w as.........8,479
In year 1890-91 income from water works was $29,134; expenses
for maintenance, $6,968; interest, $14,500; sinking fund, $7,666.
ASSESSED VALUATION, Et c .—In 1891 assessed valuation of real N E W
B E D F O R D . — C. S. A shley , Major.
estate (same as market value) was $8,525,100; personal property
This city is in Bristol County.
$1,984,165; total, $10,509,265; tax rate (per $1,000), $14-60. Total
The city’s debt is largely for water works. The 4 per cent improve­
assessed valuation in 1890, $9,932,225.
ment bonds issued in 1891 and due April 1,1901, were sold at $104,395.
LO A N S—
When Due.
PO PULATIO N.—In 1890 population was 11,079; in 1880 it was
Se w e r B onds (Continued)—
Cit y I m p r o v e m e n t ..
7,573; in 1870 it was 5,717.
4s, A&O, 48,000___Apr. 1, 1910
6s, A&O, $10,000... .Oct. 1,1892 4s, A&O,
57,000___Apr. 1,1911
6s, A&O,
1 3 ,0 0 0 ....Oct. 1,1893 3^8, A&O, 6 0 ,0 0 0 ....------- , 1906
6s, A&O, 1 6 0 ,0 0 0 ....Oct. 1, 1894 3^8, A&O, 15,00 0 ....--------, 1907
M E L R O S E . — J. L arraby , Town Clerk.
($10,000 due yearly) to Oct. 1, 1909
W a t e r L oan —
This town is in Middlesex County.
6s, A&O, 30,000____ Oct. 1,1910 7s, A&O,
10.000___Oct. 1, 1892
4s, A&O, 15,000________ _, 1898 7s, A&O, 100,000___Oct. 1, 1900
LO A N S —
When Due. Total debt in 1890........... $296,000
4s, A&O, 62,000________ _, 1899 ($10,000 due yearly) to O ct.l, 1909
P ublic B uildings —
Water sinking fund........
42,224 4s, A&O, 25,000____ Apr. 1, 1900
7s, A&O, $65,000.......Oct. 1,1892 Total value town prop’ty
6s, A&O, 1 6 0 ,0 0 0 ....Oct. 1,1892
1,1901
W a t e r W o rks —
(est.) water works, etc. 564,939 4s, A&O, 73,000____ Apr. 1, 1895 ($20,000 due yearly) to Oct. 1,1899
6s, A&O, $50,000.....Oct. 1,1892 Tax valuation in 1890.. .6,724,705 3-^28, A&O, 80,000___Oct.
6s, A&O, 100,000... .Oct. 1,1905
A&O, 25,000___Apr. 1,1896
4s, M&N,
37,000.... Nov. 1,1905 Population in 1890 was.
8,519 3*28, A&O, 35,000________, 1897 ($20,000 due yearly) to Oct. 1,1909
4s, M&N,
42,000.... May 1,1907 Population in 1880 was.
5s, A&O, 100,000___Oct. 1, 1900
4,560 3*28,w e r B onds Se
4s, J&J,
50,000.... 1896 to 1900
($20,000 due yearly) to Oct. 1,1904
48, A&O, 35,000________ _, 1908 4s, A&O, 1 0 0 ,0 0 0 ....Oct. 1, 1894
($10,000 due yearly.)
4s, A&O, 4 3 ,0 0 0 ....-------- , 1909' 4s, A&O,
2 0 ,00 0 ....--------, 1918
IN T E R E S T — W H E R E PA Y A B LE . —Interest on all the bonds isM I D D L E B O R O U G H . — Charles T.
T hat - payable at the office of the City Treasurer.
CHER, Town Clerk.
T O T A L D EBT , S IN K IN G FUNDS, E t c .— The subjoined state­
This town is in Plymouth County.
ment shows New Bedford’ s total municipal debt, the sinking fund held
The town of Middleborough and the Fire District of Middleboro are by the city against the same, the water debt, and the city’s floating:
distinct organizations. All the notes and bonds of both are held by debt, on the 1st of January of each of the last two years.
savings banks.
m^ , _
1891.
1890.
Total debt (including water debt)......................$1,527,706
$1,483,449
■~
- Interest.— ,
—
Amount Sinking fu n d s.....................................................
113,362
144,875
LO A N S—
Bate
When
Principal,
Outstand­
N A M E A N D PU R PO SE.
P. Ot. Payable,
When Due.
ing.
Net debt on January 1 ..................................$1,414,344
$1,338,574
Notes to Middleborough
Water debt, included in above total................
720,000
680,000
Savings Bank...............
4 L3
On demand.
$5,000
The sinking fund receives yearly about $28,700.
do
do .....1888.." 4^4
1898 to 1900
15,455
( 1892 to 1896
do
do ....;1 8 8 7 .. 3%
C IT Y P R O P E R T Y . —The city’s water works are valued at $1,300,25.000
\ $5,000 yearly.
000.
( Dec. 14, ’91 to ’96 j
Middleboro Fire D. notes. ..
3,000
( $500 yearly. 1
D E B T L IM IT A T IO N .— The city’s debt, after deducting water debt
Water b o n d s ..............
4
M&S
1891 to 1918 ‘
75.000 and sinking funds, is limited by statute to 2*2 per cent of the average
T O T A L D E B T , Et c . Total debt of the town January 1,1891, was assessed valuation for the previous three years. See particulars as to
$52,255; assets (cash, taxes due, etc.), $33,275; net debt, $19,979.
statute under State of Massachusetts.
The Fire District on same date owed $3,360 in notes, etc., and $75,000
A S S E S S E D V A L U A T IO N . —The city’ s assessed valuation and tax
on account of water w orks; sinking fund, $1,749.
t ate in 1880 and for the last three years have been as follows:




Vol. LUI.

30
Heal

fiff-:
w S »
Ia s a ................. f c B g
S i g j g 18 023!700
i

Personal

»SSK fe
•15,430,647
i f ,« 1

w g$§|« *%S$o ■
1:11;
? $00
33,454,347
17

lilo ::::::::::: i s S i o o
ls ^ s ia
26,275,919
15-70
Tax rate/in 1891 was made up as follows: State tax, $0-55; county
tax, $1-25; city tax proper, $14-50; total, $16-30 per $1,000. Poll tax
over $10,000 goes to make the balance required for State and county

T O T A L D EBT , S IN K IN G FUNDS, ETC.^The subjoined statement
shows Newton’ s total municipal debt, the sinking fund held by the
city against the same, the water debt, and sinking fund, on the first of
January, 1891.
1891.
$441,474
Municipal debt (including interest accrued)............
1,436,620
............
Water debt
do
do
Total debt

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

$1,878,094

Water loan sinking fund............£.................................

527,498

PO PU LATIO N .—In 1890 population was 40,733; in 1880 it was
26,845; in 1870 it was 21,320.

N E W B U R Y P O R T . — E. P. D odge, Mayor.
This city is in Essex County.
’
The city owns $74,000 stock in the city railroad, and has the option
o f purchasing the water works, now in the hands of a private corp® ^ tl®°Amount
Outstand­
LOANS
Rate When
Principal,
ing.
N A M E A N D PU RPO SE.
P. Ot. Payable.
„.
. . n <Oct. 5,1891 to 96
$18,000
Bridge loan....................—
3*2 A &
$3,000 yearly.,
40.000
Apr. 1, 1893
City bonds.......................... 4
A& O
38.000
Aug. 1, 1897
do
do renewal....1887 4
F & A
65.000
July 1, 1908
J & J
do
do
do ....1888 4
90.000
July 1, 1911
J & J
do
do
do ....1891 4
74.000
Bept. 1, 1892
M & N
City Railroad. ................... 4
15.000
Mar. 1, 1899
M & S
Notes payable..................... 4
50.000
Sept. 1, 1919 I
Sewerage....................................... M & S
56,750
Demand.
Trust bonds.........................4-41 ..........
e
; Oct, 5,’91 to 1896;
12.000
Water loan........................... 3*2 A & O > $2,000 yearly. |
PAR V A L U E OF BONDS—Bonds are for $1,000 each.
IN T E R E S T — W H E R E P A Y A B L E— Interest on the bridge and water
bonds is payable at the City Treasury; on all other bonds either at the
City Treasury or at the First National Bank of Boston.
T O T A L DEBT, S IN K IN G FUNDS, ETC.-The subjoined state­
ment shows Newburyport’s total debt and the sinking fund held by the
city against the same on the first day of January of each of the lasttwo
years.
1890.
1891.
$489,372
Total debt (including water debt)........................... $479,965
85,387
Sinking funds, etc. (see below)................................
65,902

Net debt, January 1 ........................... - - - ...............
$1,350,595
The sinking fund receives yearly about $49,000, and in addition
$14,250 is raised annually by taxation to pay maturing notes.
L IM IT A T IO N . —The city’ s debt, after deducting water debt
and sinking fund, is limited by statute to 2*2 of the average assessed
valuation of the three preceding years. Bee statute under State of
Massachusetts.
A S S E S S E D V A L U A T IO N .— The city’s assessed valuation and tax
rate have been as follows, real estate being taken at about market
value:
,
_
,
Total Assessed Rate o f Tax
Real
Personal
Valuation. per $1,000.
Tears.
Estate.
Property.
$15-00
$37,527,860
1891 ................$28,004,275
$9,523,585
14-60
36,159,025
1890
26,640,500
9,518,525
1434,654,672
1889
25,390,300
9,264,372
1533,278,642
1888
24^132’630
9,146,012
1400
25,200,100
18 8 0 .................. 17,718,270
7,481,830

$403,985
Net debt on ..................................... .....................$414,063
Water debt.......................... -...................................... $12,000
$14,000
The sinking funds amount to $8,757; other assets to $57,145. In
past years the sinking fund has received $5,000 per annum; commen­
cing with 1890 it receives $11,000, a sum sufficient to retire entire city
debt at maturity.
Cl TY PR O PERTY —The city owns, as said above, $74,000 City RR.
stock, and has total assets of $389,307.
DEBT LIMITATION.—See general remarks and laws cited under
this head in connection with the details of the debt and finances of the
State of Massachusetts on page 19. It will be noted from the cita­
tions there made that the general debt limit for the cities and towns of
the State is now 21 per cent.
a
In the case of Newburyport there is one exception, and that is found
In the supplement to theJPublic Statutes, Laws of 1886, Chapter 254.
The purpose of the act referred to was to authorize the city of New­
buryport to increase its debt $50,000 for the purpose of meeting its
liability to the county of Essex, growing out of the construction of the
Essex-Merrimac bridge, the law authorizing the contraction of this
debt beyond the debt limit fixed as above.
A S S E S S E D VALUATION—The city’s assessed valuation and tax
rate have been as follows, real estate being assessed at “ about threefourths its actual value.”
Rate o f Tax
Personal
Real
Total.
per $1,000.
Property.
Tears.
Estate.
$9,736,770
$14-80
$2,931,573
1890........................ $6,805,197
7,587,338
17‘30
2,319,988
1886....................
5,267,350
7,417,698
18-60
2,415,148
1882........................ 5,002,550
Tax rate in 1890 includes State tax, $0-82 (per $1,000); county tax,
$0-90; city tax, $13-08; total, $14-80.
POPULATION—In 1890 population was 13,947; in 1880 it was
13,538; in 1870 it was 12,595.

N E W T O N . — H erman E . H ibbard , Mayor.
This city is in Middlesex County.
Newton is one of the few Northern cities having tax-receivable cou
pons attached to any of its bonds. See below
Sch ool N otes —
LOANS—
When Due.
4s, Jan., $15,450....Jan. 25,1892
D rains and Cu lverts —
4s, A&O, $25,000... .Oct. 1,1897 ($5,150 due yearly) to Jan. 25,1894
3^8, Sept.,$22,500..Sept.27,1892
E ngine H ouse L oan —
4s, A&O,
$5,000... -Oct. 1,1895 ($4,500 due y’rly) to Sept. 27,1896
Se w e r B onds 4s, A&O,
5,000. . . . Oct. 1,1896
4s, A&O,
6,500... .Oct. 1,1897 48, A&M, $100,000.... Apr. 1,1911
T o w n N otes —
H o sp it a l and A lms H ouse —
4s, A&O, $ 7 ,6 0 0 ....Oct. 1,1895 6s, A&O, $20,000. ..Apr. 22,1892
4s, A&O,I 1 0 ,0 0 0 ....Oct. 1,1896 6s, M&S, 47,000. ..Mar. 10,1894
M u n ic ip a l B onds —

W a t e r L oans —

Tax rate in 1890 includes city tax proper, $13-48; State tax, $0-53;
county tax, $0-53; total, $14-60 per $1,000.
PO PULATION.—In 1890 population was 24,379; in 1880 it was
16,995; in 1870 it was 12,825.
TAX-RECEIVABLE C O U P O N S —Water bonds for $1,400,000, and
school, municipal and park bonds for $113,000, carry tax-receivable
coupons.

N O R T H

A D A M S .— 0.

A.

A rcher , Chair­

man of Board of Selectmen.
This town is in Berkshire county.
,— Interest.— ,
LOANS—
Rate
When
N A M E A N D P U R PO SE.
■ -P. Ot. Payable.
Water bonds............................

Principal,
When Due.

Amount
Outstand­
ing.

3*2 J & D ^part eacffyean 1 $122>°°°

Water notes............................ 3*4 J &
235’50°
School house loan.................. /) 4
_______i8 9 i to 1901. i
l o ’ooo
and Refunded..................... >3%
part each year. 1
25,000
War Debt............................. '
INTEREST—W H ERE PAYABLE.—Interest is payable in Boston
and North Adams.
„ nnn
T O T A L D EBT.—The town’ s total debt on October 1, 1890, was
$483,500; of this the water debt was $363,500. The town has no sink­
ing fund. The water notes as given in the above table are all held by
the State.
.
.
£ R W O R KS.—The income from the town water works is about
$20,000 per year.
ASSESSED VALUATION.—The assessed valuation for 1890 01
real estate was $4,641,305; of personal property, $1,249,666; total,
$5,890,971. The tax rate (per $1,000) was $20.
PO PU LATIO N .—In 1890 the population was 16,074; in 1880 it
was $10,191.

N O R T H A M P T O N . — J. E . L ambie , Mayor.
This city is in Hampshire County.
The Mayor’ s message for 1890 says: “ My policy would be to look to
the gradual extinction of the whole public debt. With the oity out o f
debt we could spend from $20,000 to $30,000 per year on permanent
public improvements * * * * and reduce our rate of taxation down
to $12 or $13 on the thousand.”
Amount
Outstand­
'r a te terWhen'
Principal,
LOANSing.
P. Ot. Payable.
When Due.
N A M E A N D PU RPO SE.
$50,000
City note............................. 4
= A & O Apr. 1, 1892
300.000
A & O Apr. 1, 1892
Railroad loan...................... o
c -k (N ov. 15,’9 2 t o ’99 )
t
M & N ^ $12,500 yearly. 5 100.000
Sewer notes......................... 4
( Nov. 1 & May 1 1
’91-94 > 95,000
Water loan........................... 4
= M & N < $5,000 ea., ’95-99 >
( $6,000 “
50,000
A & O
Oct. 1, 1900
do
do .............. . .......... 4:
IN T E R E S T - W H E R E PA YA BLE. -Interest on bonds is payable in
Boston and by City Treasurer.

TO T AL«DEBT , S IN K IN G FUNDS, ETC.-The subjoined statement
shows Northampton’s total funded debt, and the sinking fund held by the
city against the same, on the first of September, 1891, and on the first
of December of each of the last two years:
Total funded debt (including
Sinking funds.........................

1891.
$595,000
210,000

1890.
$600,000
195,063

$385,000

$404,937

$394,471
6s, J&J, $34,000... .July 1,1895 6s, J&J, $600,000....July 1,1905
bilities, but deducting all cash assets—
$150,000
$145,000
PARKiBONDS—
„ 1f, . 0 5s, J&J, 250,000... .July 1,1906 Water deb t, included above........ ................
4s, A&O, $25,000.... Apr. 1,1908 4s, A&O, 100,000... .Oct. 1,1910
Sinking funds consist of cash $63,565, balance miscellaneous bonds,
4s A&O, 100,0 0 0 ....Oct. 1, 1914
SCHOOL BONDS—
4s, A&O, $44,000... .Apr. 1,1895 4s, A&O, 100,000... .Oct. 1, 1917 mortgages on real estate, etc.
4s, A&O, 100,0 0 0 ....Oct. 1,1918
The siTiirmg fund receives yearly about $15,000.
Sch o o l L oan (new Claflin)—
4s, A&O,
$5,000... .Oct. 1,1892 4s, A&O, 1 5 0 ,0 0 0 ....Oct. 1,1920
C IT Y P R O P E R T Y . —Income of water department in year 1889-90
4s, A&O,
18,000... .Oct. 1,1893
was $24,416; expenses, $2,192,
($6,000 due yearly) to Oct. 1,1895
D E B T L IM IT A T IO N .— The city’ s debt, after deducting water debt
4s, A&O, $10,500... .Oct. 1,1896
and «iTiiring fund, is limited by law to 2 ^ per cent of the assessed valu­
PAR VALUE OF BONDS.—All the bonds are for $1,000.
ation for the three preceding years. See statute under State of Massa­
INTEREST—W HERE PAYABLE.—Interest on bonds is payable
chusetts.
at National Revere Bank, Boston.




80
20

October, 1891.

M A S S y tC ttU S É T T S -C I T I E S

ASSESSED VALUATIO N.—The city’ s assessed valuation and tax
rate at different periods have been as follows, property being assessed
at a fair cash value:
Bate o f Tax
Tears—
Beal Estate.
Property.
Total, »er $1,000.
1891........................ $6,891,400
$2,578,058
$9,469,458
$17-00
6,622,225
2,571,851
1890........................
9,194,091
15-50
1889.........................
.......
....
9,247,042
15-00
1884.........................
8,586,172
14-00
Tax rate in 1891 includes: State tax, $0-339; county tax, $0-996; city
tax proper, $15-665; total, $17-00.
PO PU LATIO N .—In 1890 population was 14,990; in 1880 itw as
12,172; in 1870 it was 10,160.

M D

31

TOW NS.

IN T E R E S T — W H E R E P A Y A B LE .— Interest on coupon bonds is
paid at city treasury.
T O T A L DEBT, Et c .—Total debt January, 1890, was $461,176,
including water debt of $223,000; sinking fund assets, $202,381; net
debt, $258,795. Sinking fund in 1891 receives $18,600.
ASSESSED VALUATIO N.—In 1889 assessed valuation (from % to
4-5 actual value) w as: Beal estate, $4,668,600; personal property,
$2,169,500; bank shares, $256,000; total, $7,094,100; tax rate (per
$1,000), $14-80.

P O P U L A T IO N . —In 1890 population was 10,158; in 1880 was
9,028; in 1870 was $7,343.

N O R T H A T T L E B O R O U G H . — C .T .G uild ,
Town Olerk.

P I T T S F I E L D . — Charles E. H ibbard , Mayor.
This city is in Berkshire County and was incorporated as a city in 1890
This town is in Bristol County.
,— Interest.— .
Amount
North Attleborough has assumed $37,070 indebtedness originally in
Bate
When
LO ANSPrincipal,
Outstandourred by town of Attleborough—which see.
N A M E A N D PU RPO SE.
P. Ot. Payable. When Due.
ing.
LO A N S —
When Due.
Valuation, etc.
Town bonds....................... ....... 4 ^ J & D June 1, 1895 $182,000
A ttleboro ’ D ebts A ssumed—
Total debt Jan. 1 ,1 89 1 .. $87,293 Temporary loans............... ....... 4
On demand.
21,000
4s, various, $37,070.......... 1894-5-7 Tax valuation in 1890...3,708,5¿8
F i r e D is t r ic t —
M unicipal L oan$13-80 Bonds.............................. ....... 4
Total tax per $1,000.......
M & N Nov. 1, 1908
45,000
58, various, $49,000................. 1891 Population in 1890 was......6,727
do ..............................
May 1, 1916
4s, ........
1,853..................1891
Notes..............................
18Q?i
90.000
Temporary loans.............. ....... 4
........
On demand.
28.000
N O R T H B O R O U G H .
This city is in Worcester County.
When Due.
LO A N S
T rust F unds—
4s. various, $17,563........Perpetual
Water Works —
..s ,........,$ 6 5,0 3 0 .................
Other debts $7,500...........................

-G-.B. H owe, City Clerk.

IN T E R E S T - W H E R E P A Y A B L E .—Interest on all bonds is payable
in Boston, and on notes and temporary loans at the office of the CityTreasurer.

Total debt in 1890, including trust funds.. . . $90,093
Sinking fund assets........
15,848
Tax valuation in 1890.. 1,254 092
Population in 1890 was.........1,952
Population in 1880 was.........1,676

T O T A L D E B T ,-S IN K IN G FUND, ETC.—The city’s total funded
debt on January 1,1891, was $367,000; deduct sinking fund assets,
$110,203; net funded debt, $256,797. The water debt (included in the
above) was $185,000. ’

N O R T H B O R O U G H . — W m . J. Potter, Treas.

A S S E S S E D V A LU A T IO N , Et c .—The assessed valuation in 1890
of real estate was $7,477,365; of personal property, $2,815,331; total
assessed valuation, $10,292,696; tax rate (per $1,000), $16-55. The
tax rate in 1890 was made up of the town tax $13-20, and the fire dis­
trict tax, $3-35.

This town is in Worcester County, on the Old Colony Railroad 36
miles west of Boston.
. „
* Interest.— >
—
Amount
LO A N S —
Bate
When
Principal,
Outstand­
N A M E A N D PU R PO SE.
P. Ct. Payable.
When Due.
ing.
Water loan........................ 5
f & A
Aug.
a $3,530
.............
4
ata 5 Sept.l,1893orl903
do
( a t option of town. b 10,000
do
.................... 4
M & N May 1, 1894
o 1,500
do
.................... 4
F & A
£ug. 8, 1902
a 50,000
IN T E R E S T — W H E R E PA Y A B LE .— Interest on loans marked (a) is
payable in Worcester, Mass.; on loan marked (b) in Chelsea, Mass.- on
loan marked (0) in Westborough, Mass.
T O T A L D E B T , Et c —The total funded debt on March 1,1891, was
$65,030; sinking fund assets, $18,561; net debt, $46,469; floating
debt (additional) at date mentioned, $5,000.
A S S E S S E D V A LU A T IO N . —In 1890 the assessed valuation of real
estate was $949,267; of personalproperty, $249,163; total, $1,198 430 •
tax rate (per $1,000), $12-70. Resident bank stock, $57,007.
*
’
PO P U LA T IO N —The population in 1890 was 1,953; in 1880was
1,676; in 1870 was 1,504.

PO PULATIO N.—In 1870 the population was 11,112; in 1880 it
was 13,364; in 1890 it was 17,281.

P L Y M O U T H . — Curtis D a y ie , Treasurer.
This town is in Plymouth County. The water department pays from
receipts interest on water loans and about $4,000 annually on debt.
LO A N S —
When Due. Total debt Jan, 1,1891. $128,300
R ailroad Stock :
Of which water debt was 122,300
4s, A & O $6,000... .April 1,1894
Tax valuation 1891:
Water L oans :
Real estate......................$3,729,600
6s, F & A $20,000... .Aug. 1,1894 Personalproperty........ 2,025,800
4s, J & D 64,400___June 1,1892
($2,800 due y’rly) toJune 1,1924
Total...................... ..$5,755,400
4s, F & A $33,800___Aug. 1,1924 Tax rate per $1,000___
$13-20
($1,300 due yr’ly) to Aug.l, 1917 Population in 1890 was.
7,314
do
in 1880 was.
7,093

Q U I N C Y . — H . 0 . F airban ks , Mayor.
N O R T H B R I D G E . — H . A. G oodell, Treas.
This town is in Worcester County.
-------------$27,000
School*L oans •
1
Whm Due' I £ otal debt
1891 - valuation 1891....$2,314.327
4s, M & N , $27,000....
1891 Tax per $1,000...............
Tax
$9-30
($9,000 due yearly)..........to 1893 Population in 1890 was
4,603

N O R W O O D .—
This town is in Norfolk County and its entire debt is for water.
. -Interest.-—.
_ ■
Amount
L O A N S—
* Bate
When
Principal,
OutstandN A M E A N D PU RPO SE.
*
P. Ot. Payable,
When Due.
ing.
Water lo a n ................................ 4
.......
1891
$5,000
do
.......
1895
10,000
do
.......
1896
5,000
do
.......
1900
10,000
do
.......
1901
5,000
do
......
1905
10,000
do
......
1906
5,000
do
......
1910
10,000
do
......
1911
5,000
do
......
1915
10,000
do
......
1916
5,000
do
----1920
10,000
IN T E R E S T - W H E R E P A Y A BLE . Interest is payable by the New
England Trust Company, Boston.
T O T A L D EBT , S IN K IN G FUND, E t c .— The total funded debt on
March 1, 1891, was $90,000; deduct sinking fund assets, $8,407; net
debt, $81,593. The entire debt o f the town is for water.
A S S E S S E D V A L U A T IO N , Et c .—The assessed valuation of real
fo^ 6 1 ! 890 WaS $2>
, "
051’085; of Personal property, $513,473; total,
$2,564,558; tax rate (per $1,000) $16-60.
2 345^*^

1111890 tlle population was 3,733; in 1880 it was

P E A B O D Y . — N\ H . P oor, Treasurer.

This city is in Norfolk County and has a very small debt for a city of
over 16,000 inhabitants.
.— Interest.—
Amount
Bate
When
LO ANSPrincipal,
Outstand­
P. Ot. Payable. When Due.
N A M E A N D PU RPO SE.
ing.
4
s’mi-an
1 0each year
$18,000
4
s’mi-an
1 0 each year
84.000
do
do
4
s’mi-an
hoeachyear
4.000
4
s’mi-an
iioeach year
12.000
do
do
4
s’mi-an
1 0 each year
40,000
do
do (West St.).
4
s’mi-an
1io each year
3.000

IN T E R E S T — W H E R E PA Y A B L E— Interest is payable in Boston.
T O T AL D EBT , E t c .— Total debt in 1890 was 123,422.
City applied $39,515 to sinking fund purposes in 1890.
A S S E S S E D V A LU A T IO N , Et c .—A ssessed valuation in 1890 w as:
real estate, $10,468,200; personal property, $3,209,210; total, $13,677,410; tax rate, $13-60; in 1886 total valuation was $8,819,066 (tax
rate $15-40 per $1,000); in 1882 was $7,499,443; tax rate, $16-00.
POPULATION—Population in 1890was 16,723; in 1 8 8 0,10570in 1870 was 7,442.

R A N D O L P H .—

Treas.

This town is in Norfolk County.

..LO A N S —
When Due. Trust fund, $27,100........ perpetual
H ighways and B ridges—
Other debts, $21,900..................
-s, ........ , $8,500.................. .
Total debt, 1890, includ­
Water Works ing trust funds, etc......$169,500
48, A&O, $10,000___Apr. 1, 1897 Sinking funds..................
14,296
4s, A&O, 10,000---- Apr. 1, 1902 Tax valuation in 1890...2,044,710
4s, A&O, 2 0 ,00 0 ....Apr. 1,1907 Population in 1890 was.........3,946
4s, A&O. 20,000___Apr. 1,1912 Population in 1880 was.........4,027
4s, A&O, 40,000___Apr. 1, 1917
I s , .......... 12,000. . . .

R E A D I N G . — H orace S< Cummings,
of the Board of Selectmen.

This town is in Essex County and owns high service water works
This town is in Middlesex County.
“ worth (at least) cost, $300,000.”
,— Interest.— .
- Interest.— ■
>
Amount
LOANSBate
When
Principal,
P. Ct. Payable.
When Due.
LO ANS—
Bate
When
Principal,
Outstand- NAME AND PURPOSE.
N A M E A N D PU R PO SE.
P. Ot. Payable. When Due.
ing.
Town notes . . . .
............ 4
........ ....
1893
J & Di
to 1914
Tow» »otoa bouds.................... 4 M & N Nov. 1, 1892
$75,000 Water bonds, 18 9 0.......... . 4
( $5,000 yearly.
do
1890............. 4
J & D i «in n n n 0yearly,
w ft ^ b° n : : : : : : : : : : : : : : ; : : : : : 4 M & _ * 0 ------- 1 1
no^
N
^ 9
85,000
.
,
5 $10,000 1917
water notes...............................
138,000
do
......................... 4
J & D
......
*




Chairman

Amount
Outstand­
ing.
$20,500
$50,000
30.000
70.000

INTER EST—W HERE HAY a b l l —Interest on bonds is payable in S O M E R V I L L E . - H oít. Ch as . E. P ope, Mayor.
This city is in Middlesex County.
Boston.
In 1888 Somerville reduced its gross funded debt from $1,525,000 to
T O T A L D E B T . — Total liabilities March 1,1891, $175,349, of which
$872,500 by the cancellation of the city’ s bonds held in the sinking
$150,000 was water debt; net debt, other than water debt, $4,255,
against $11,208 March, 1890.
,
. fund. Since that time, in place of an accumulating sinking fund the
ASSESSED V A L U A T IO N . — In 1890 assessed valuation of personal city has devoted each year a considerable sum to the payment of out­
property, $261,691: of real estate, $2,575,439; total, $2,837,130; tax standing indebtedness, which is thereupon caneeled-an excellent
method
rate (per $1,000 $14'30.
_
J&J, 14,000. . . -July 1,1897
PO PULATION.—Population in 1890 w a s 4,088; in 1880, 3,181; m
LO AN S—
When Due.
J&J, 15,000.... July 1,1898
C it y B onds —
1870, 2,664.
J&J, 15,500.... July 1,1899
5s, A&O, $165,000...Apr. 1,1895
J&J. 12,500___July 1,1900
4s, A&O, 74,000...Oct. 1,1891
A&O, 20,000.. - -Oct. 1,1899
4s, A&O, 78,000...Oct. 1,1892
A&O, 3,000. . . . Oct. 1 ,1 9 0 ?
4s, J&J,
25,000...July 1,1893
R E V E R E . — G A . T apley , Treasurer.
r.
J&J,
6,000... .July 1,1901
4s, A&O, 54,000...Oct. 1,1893
A&Ó, 10,000---- Oct. 1,1901
This town is in Suffolk County. Its debt consists of notes .as follows: 4s, J&J,
23,000. . . July 1,1894
J&J, 17,0 0 0 .... July 1,1092
$44,326 4s, J&J,
Total debt Feb. 1, 1891
4,000. . . July 1,1897
LO A N S —
When Due.
J&J, 18,0 0 0.... July 1,1903
Tax valuation 1890—
4s, A&O, 21,0 0 0 ...Oct. 1,1897
Schools —
_
: . , „„„
J&J, 10,000. . . . July 1,1904
5 s , ........ . $10,000....Jan. 14,1893 Beal estate.....................$4,780,600 4s, A&O, 24,000...Oct. 1,1898
J&J, 10,000... .July 1,1907
188,235 4s, A&O,
Personal property........
9,000...Oct. 1,1899
4s,
.., 3 ,750-...Ju n el5,1894
Total 1890.................. 4,968,835 4s, A&O,
28,000...Oct. 1,1900 Rj A&O, 35,000. . . . Oct. 1,1892
4a’ ........., 11,574....1891 to 1893
do 1889.................. 4,078,605 4s, A&O,
17,000...Oct. 1,1901
H ig h w a y s —
« £ OAO
($5,000
1,1898
$12-00 4s, A&O,
4 ,0 0 0 ...Oct. 1,1902 is, J&J, due y’rly) to Oct. 1,1892
4 i« s ,...... $4,000....May 7,1898 Tax per $1,000.............
$10,000........July
Cit y B onds (Serial).
4 s , .........,
3,000— May 1,1899
($1,000 due y’rly) to July 1,1910
Population in 1890 w as........ 5,668 4s, A&O, $25,000...Oct. 1,1892
Su n d r y P urposes —
1895 Is, A&O, $ 4 ,0 0 0 ......Oct. 1, 1900
4 s , ____ , $12,000. ...Apr. 1,1895 Population in 1880 was........ 2,263 ($5,000 due yearly) to Oct.
($2;000
1,1901
4s, A&O, $80,000... .Oct. 1, 1892 4s, A&O,due y’rly) to Oct. 1,1902
$3,000 .......Oct.
($10,000 duey’rly) to Oct. 1,1899 4s, A&O, $10,000.......Oct. 1,1900
Se w e r B onds —
l$2,000
1,1904
R O C K L A N D . — E. R. Studley , Town Clerk.
5s, J&J, $35,000.......July 1,1896 4s, A&O,due y’rly) to Oct. 1*1905
$30,000.......Oct.
W a te r B onds
This town is in Plymouth County.
($3,000 due y’rly) to Oct. 1,1914
5^8, J&J, $10,000. .. .July 1, 1906
LO AN S—
When Due. ............$8,000 ...............................- 5s, J&J, 1 1 ,0 0 0 .... Jan. 1,1892 4s, A&O, $12,000.......Oct. 1, 1915
Total debt in 1890........ $127,000
W a t e r W o rk s —
„ „-A
5s, A&O, 1 1 ,0 0 0 .... Oct. 1 ,1892
Est’d value town’ s prop­
4s, M&N, $2,000....... May 1,1892
..
erty, waterworks, etc.
182,350 5s, A&O, 1 1,0 0 0......Oct. 1,1893
4s, M&N, 12,000........May 1,1893
Oct. 1 ,18 9 4
5s, A&O, 1 2 ,0 0 0
<$3,000 due yearly) to May 1,1896 Tax valuation 1890— 2,694,735 5s, J&J, . 1 3,0 0 0. .. .July 1,1895
($2,000’due y’rly) to Oct. 1,1920
4s, M&N, $80,000......May 1,1897 Population in 1890 was........ 5,213
J&J, 12 , 500. . . . July 1,18 9 6
Population in 1880 was........ 4,553
($4,000 due yearly) to May 1, 1916
PAR V A L U E OF BO NDS. —The bonds are mostly for $1,000 each.
4s, F&A, $25,000.......Feb. 1,1892
T O T A L D EBT , S IN K IN G FUNDS, ETC.-The subjoined statement
($1,000 due yearly) to Feb. 1,1916
shows Somerville’s total municipal debt, the sinking fund held by the
city against the same, the water debt, and the city’ s floating debt, on
S A L E M . — R obert S. Rantoul , Mayor.
the 1st of January of each of the last two years.
1890.
1891.
This city is in Essex County. A Canal Street loan for $60,000 was
$952,500
Total debt (including water debt) Jan. 1............$1,057,500
Nil.
Issued in June, 1891.
Amount Sinking funds (see below)...... • ......................... ........JIU-___
,— Interest.— .
Outstand­
Principal,
Rate
When
$263,500
LOANSWater debt (included above)........ .................. - - •
W
.
^
ing.
When Due.
P. Ct. Payable.
NAME AND PURPOSE.
In place of an accumulating sinking fund, the city raises each year by
$56.000
Nov. 30,1891
M&N
.. 6
City d e b t...................
25.000 taxation a sum of money which is applied to the redemption of bonds,
Apr. 1, 1908
A&O
.. 6
do
July 1 ,1892-’03 > 72.000 which when paid are canceled.
, ■
.
J & J$ $6,000 each yr. 5
.. 4
do
li M I T A T IO N .—The city’s debt, after deducting water debt
40.000
July 1, 1892
J & J
do
and sinking fund, is limited by law to 2 ^ per cent of the average as­
16,500
Nov. 30, 1892
M&N
do
July 1 ,1 8 9 2 -9 5 }
12*000 sessed valuation for the three preceding years. See statute under State
J & J $3,000 each yr. 5
do
Massachusetts.
. .
Junel,’91-1900 \ 60.000 ofA S S E S S E D V A L U A T IO N .— The city’ s assessed valuation ana tax
J & D $6,000 yearly, s
do
150.000 rate have been as follows, real estate being taken at about cash value.
Apr. 1, 1893
A& O
Water loan........ ..................... 6
75,000
Apr. 1, 1898
A&O
Personal
do
.............
6
398,500
July 1, 1904
J & J
5
do
. . . ......
T „ r. ( Junel,’91-1920 ) 240.000
do
............................. 4
j <s xj £ $¡^000 each yr. )
i f s ? :::::::::::::
• ?***»»
PAR V A L U E OF BONDS.—The bonds are in $1,000 pieces.
1 P o p u l a t i o n .—In 1890 population was 40,152; in I 88O was 24,IN T E R E S T — W H E R E PA Y A B LE .— All interest is payable at the
933; in 1870 was 14,685.
Merchants’ National Bank, Boston, Mass.
T O T A L D EBT , S IN K IN G FUNDS, ETC.-The subjoined state­
ment shows Salem’s total municipal debt, the sinking fund held by the S O U T H B R I D G E . city against the same, the water debt, and the city’s floating debt, on
This town is in Worcester County.
Amount
,— Interest.— the first of December of each of the last two years.
Outstand­
Principal,
i nANQ
Rate
When
1889.
1890.
ing.
When Due.
NAME AND PURPOSE.
p •o t PayableTotal funded debt (inclusive of water debt and
$65,000
$1,260,797 Town Hall loan.......................... 4
trust funds)................................................. - - •$1*^2,120
J & J July, 1898.
440,087
509,116
Sinking funds............................. ......................
IN T E R E S T - W H ER E PA Y A B L E .-Interest is paid at the National
$820,710 Bank of Redemption, Boston.
Net debt on December 1...............................
_ nnri.
623,500
Water debt (included above).............................
Sbg.&oo
T O T A L D EBT , ETC.—Total funded debt April 1, 1891, $65,000,
97,797
Trust funds (included above).............................
98,130
sinking fund assets, $29,000; net debt, $36,000.
The net debt, as stated officially Dec. 1,1890, after deducting cash,
A o c p o o p n VALUATION.—In 1890 assessed valuation of real
etc., was $977,931, against $837,169 in 1889.
estate was $2,349,000; personal property, $868,000; total, $3,217,000.
S IN K IN G F U N D S. —The sinking funds received in 1890 the sum of Tax rate (per $1,000) $18-50. Actual valuation as given by city
$51,000. The municipal loan sinking fund amounts to $345,631 and officials, $5,000,000.
the water loan sinking fund to $163,481. Of the former $102,091 is
PO PU LATIO N .—In 1890 population was 7,655; in 1880 it was
cash on deposit, and the balance is invested in Salem, Boston, Provi­
6,464; in 1870 it was 2,135.
dence and Lynn city bonds; of the latter, $54,584 is caSh; balance
invested chiefly in Salem water bonds.
q r g p L IM IT A T IO N . —The city’ s debt, after deducting water debt S O U T H
H A D L E Y F A L L S . -Jos. A llen ,
and sinking fund, is limited by law to 2 ^ per cent of the average as­
T owd Clerk.
sessed valuation for the three preceding years. See statute under State
This town is in Hampshire County
of Massachusetts.
Valuation, etc.
LO A N S—
When Due
A S S E S S E D VALUATIO N.—The oity’s assessed valuation and tax
Total debt in 1890..........
B uildings —
Water sinking fun d.. . . . .
10,237
rate have been as follow s:
,
, Rate o f - sW..........$5,000.........
Total
Tax valuation in 1890.-1,770,816
a te r
Tax per „ 8, ............ W o r k s —
Assessed
Population in 1890 was........ 4,261
. Additional
Personal
Real
$40,000................
$ 1,000
Population in 1880 was........3,538
Property. Assessments. Valuation.
Years.
Estate.
S
, B r id g e s , e tc
18-00 „ 8 ,tr e e ts$25,500......... .—
$26,228,718
$11,450,018
1891.. $14,778,700
........ ,
26,198,890
17-00
20,700
11,888,690
1890.. 14,289,500
17-50
26,058,351
2,800
12,056,951
1889.. 13,998,600
16-00
26,375,328
24,000
12,577,728
1888.. 13,773,600
The tax rate in 1890 was made up o f : State tax, 60 cents; county tax S P E N C E R . — E rastus J ones , Town Treasurer.
This town is in Worcester county. The town’ s debt is largely for water.
71 cents, and city tax proper, $15-69.
Amount
,— Interest.— ,
P O P U L A T IO N . —In 1890 population was 30,801; in 1880 it was
Outstand­
Principal,
I (IANS—
Rate When
•27,563; in 1870 it was 24,117.
ing.
When Due.
NAME AND PURPOSE.
Payable
75.000
July 1, 1894
General debt bonds, 1884........ 4
J & J
12.000
July 1, 1900
do
do
........ 4
J f J
17,000
Sewer bonds, 1884..........-........ 4
= i p t July 1, 1904
S A U G U S .—
, Treasurer.
240,000
July 1, 1914
Water bonds, 1884.................... 4
J & J
49,521
This town is in Essex County.
Notes, etc......................................................—
Valuation, etc.—
L O A N S—
When Due.
IN T E R E S T — W H E R E PAYABLE-Interest on the 4 per cents is
Total debt in 1890............ $215,567
W ater Works—
30’ 6§9 payable in Boston by the Boston Safe Deposit & Trust Co.
............. $38,000................................ Sinking funds..................
Tax valuation 1890.........2,492,868
-j-Q-pAL DEBT, Et c .—Total debt March 1,1891, $393,521; sinking
Oth e r T o w n B onds —
............. $56,000................................. Population in l l i o was’. ’. ’ ' I l l ’,625 ‘ fund, $65,624; net debt, $327,896.
Other debts, $ 1 2 1 ,5 6 7 ..................




October, 1891.
A S S E S S E D V A L U A T IO N , Et c .—In 1891 assessed valuation of
real estate (about 2 real value) was $2,751,045; personal property,
3
$1,401,475; total, $4,152,520; tax rate, $19'00 per $1,000. In 1890
total assessed valuation was $4,065,516; tax rate, $22-50.
POPULATION—In 1890 population was 8,747; in 1880 it was
7,466; in 1870 it was 3,952.

S P R I N G F I E L D . — E. S. B radford , Mayor.
This city is in Hampden County. The city debt is very light; all but
a comparatively small amount being for Water.
/—-Interest.--- s
Amount
Bate
When
LOANSPrincipal,
Outstand­
P. Gt. Payable.
N A M E A N D PU RPO SE.
When Due.
ing.
City notes (school)............ . 4
J & D
Dec. 1, 1896
$15,000
do
do
............ . 4
J
D
Dec. 1, 1897
15.000
do do ................ 1887. . 312 F & A
Aug. 1, 1892
10.000
do do ................ 1890. . 312 F & A
Aug. 1, 1893
14.000
do do (school)... 1890. . 312 M & 8 Sept. 1,1894 & ’95
30.000
Engine house bonds........ . 4
M & S
Sept. 1, 1901
20.000
Railroad bonds......... ....... . 7
A & O
Apr. 1, 1892,
20,000
do
do .................. . 7
A < O
fe
Apr. 1, 1893
20,000
Sewer bonds............1891 . 4
J & J
July 1, 1906
70,000
Water bonds.......1873-74. . 7
A & 0^ Apr. 1,1894-1902
225.000
$25,000 yearly.
do
do .......1873-74. . 7
A & O
Apr. 1, 1903
775.000
do
do ............ 1875. . 6
A
O
Apr. 1, 1905
200.000
do
do gold ... 1890. . 312SÌA & 0
Oct. 1, 1920
125,000

PAR V A L U E OF BO N DS.— The bonds are all for $1,000 each.
IN T E R E S T — W H E R E P A Y A B L E .— Interest on bonds is payable at
the First National Bank of Boston, and at City Treasury.
T O T A L DEBT, S IN K IN G FUNDS, E t c .— The subjoined statement
shows Springfield’s total debt on the 14th of September, 1891, and the
10th of December, 1890:
1890.
Total funded debt (including water deb t)___$1,539*000
$1,449,000
Total indebtedness, includ’g current iiabilit’s
1,478,135
Cash in treasury and due the c it y ..................
221,107
Net debt on December 1 0 .....................
........
$1,257,027
Water debt, included above............................. $1,325,000
$1,325,000
Net debt, exclusive of water...........................
214,000
Total net debt exclusive of water permitted
bystatute................................ ..................
1,050,515
! ........
C IT Y P R O P E R T Y . —The city values its property at $3,565,827,
including $1,470,313 for property of water department. In year
1889-90 water reeeipts were $169,860; payment for repairs, $57,713;
interest on water loans, $82,000.
D E B T L IM IT A T IO N .— The oity’s debt, after deducting sinking fund
and water debt, is limited by law to 2 ^ per cent of the average assessed
valuation for the three preceding years. See statute under State of
Massachusetts.
A S S E S S E D V A L U A T IO N . —The city’s assessed valuation and tax
rate in different years have been as follows, real estate being taken at
about 85 per cent cash value:
Total
Rate of
Beal
Personal
Assessed
Tax per
Years.
Estate.
Property.
Valuation.
$1,000
1891....................$37,219,490
$11,110,1^4
$48,329,634
$12-50
1890................ . . . . .
44,493,633
1889.................. 32,000,680
10,072,895
42,073,573
13-00
42,073,573
1888.................. 30,323,140
9,540,115
39,863,255
13-60
39,863,255
Taxation in 1891 includes State tax, $0-37; county tax, $0-68; city
tax, $11-45; total, $12-50 per $1,000.
PO PU LATIO N .—In 1890 population was 44,179; in 1880 it was
33,340; in 1870 it was 26,703. '

S T O N E H A M . — 0 . G ilmore, Town Treasurer.

33T
,— Interest.— ,
Bate
When
P. Gt. Payable.
Water...................................1884 4
j & j
do ............................
.1885 4
j & j
do ................................ .1886 4
j & j
do .................................. .1888 4
j & j
do .................................. .1889 4
j & j
do .................................. 1890 4
j & j
do .................................. 1889 4
j & j
do .................................. 1891 4
j & j
do .................................. 1887 4
j & j

Amount
Principal,
OutstandWhen hue.
ing.
July 1, 1904
12,000
July 1, 1905
1,700
July 1, 1906
27,000
July 1, 1908
5;ooo
July 1, 1909
15,000
Jan. 1, 1910
30,000
July 1, 1910
15,000
July 1, 1911
10, O O’
C
July 1, 1917
4s;ooo
IN T E R E S T - W H E R E PAYABLE—Coupons are payable at the?
Atlas National Bank of Boston. Registered interest is remitted by
City Treasurer.

LO ANS-

N A M E A N D PU RPO SE.

T O T A L D EBT , S IN K IN G FUNDS, E t c .—The subjoined state­
ment shows Taunton’s total municipal debt, the sinking fund held by
the city against the same, the water debt, and the city’s floating debt,
on the first of December of each of ttie last two years.
1890.
' 1889
$1 091 258
Total debt (including water debt)..................... $1,138,358
Sinking funds, etc................................................
601,368
513’,928
Net debt.........................................................
Water debt included in above total..................
Water debt’s sinking- fnnR
fin

$536,990
$593,700
oan itu
286,454

$577,330
$548,700
243,527

Net water debt........... ................................... $307,246
$305,173
Net “ municipal” debt........................................ $229,744
$272 157
In the above table the total debt includes liabilities other than funded
(to the amount of $24,158 in 1890) and the sinking funds include “ cash,
taxes, etc.,” these in 1890 amounting to $26,628.
The sinking fund receives yearly a sum sufficient with accumulations
of interest on sinking fund investments to retire entire debt by maturity.
In 1890 $50,000 was raised by taxation for the sinking fund.

W A T E R W O R K S — In year 1889-90 earnings of water department
were $42,641; operating expenses, $12,618; interest on water loans,
$26,423; paid to sinking fund (including other receipts), $9,439.
D E B T L IM IT A T IO N — The city’s debt (after deducting water debt
and sinking funds) is limited by law to 2i2 per cent of the average
assessed valuation for the three preceding years. See statute under
State of Massachusetts.
A S S E S S E D V A L U A T IO N — The city’s assessed valuation and tax
rate at different periods have been as follows, real estate being taken at
about 95 per cent of cash value.
Beal
Personal
Bate o f Tax
Years.
Estate.
Property.
Total.
per $1,000.
1890..
.
........$12,824,625
$4,998,407
$17,823,032
$17-60
1889.................. 12,621,708
4,769,868
17,391,576
17-80
1886..
. . . . ......................
16,756,469
16-70
1882..................
........ .
16,003,677
15-80
Tax rate in 1890 includes all State, county and city assessments. The
net rate is $16-37, there being deducted 7 per cent for prompt payment.
POPULATION—In 1890 population was 25,448; in 1880 it was 21,213 ; in 1870 it was 18,629.

W A K E F IE L D .

Ohas . F.

H artshorìte, City

Clerk.
This city is in Middlesex County.
LO ANS—
When Due.
T rust F unds—
.............$16,100....................... .
School H ouses—N otes.
.............$33,300.................................
P arks and B ridges —N otes.
.............$10,224.................................

Total debt in 1890, in­
cluding trust funds___ $59,624
Annual payment to sink­
ing fund........................
4,000
Tax valuation in 1890.. .4,603,365
Population in 1890 was.........6,982
Population in 1880 w as.........5,547

This town is in Middlesex County.
i oam c
-Jnteresf— „
Amount
maUcl, u„ Nb
When
Principal,
OutstandN A M E A N D PU RPO SE.
P. Ot. Payable. When Due.
ing.
Town notes................................ 4
J & D Dec. 25, 1891
$5,000 W A L P O L E . — F. 0 . Pilsbury , Treasurer.
?®
4
J &J
Jan. 9, 189210,000 town is in Norfolk County.
This
?®
............-.............. .
4
F & A Feb. 21, 1892
5,000
LO ANSWhen Due. 4s, A&O, $2,500......... Apr. 1, 1897
5®
.......................------ 4
J & D Dec. 18, 1893
5,000
School H ouse—Notes.
?®
; ................................. 4 J
& D Dec. 18, 1894
5,000 4s, J&J, $9,600........... July 1, 1892 4s, A&O, 2,500..........Apr. 1, 1898
5®
4
J &D
Dec. 18, 189510,000 due yearly) to July 1,1895 Total debt in 1890.......... $21,000
($2,400
Tax valuation 1890........1,943,576
?®
4
J &D
Dec. 18, 189610,000
4s, A&O, $1,000..........Oct. 1, 1896 Tax per $1,000................
$14 -20’
ao
........................
4
J &D
June 10,1900 10,000
T own H all Population in 1890 was........2,604
48, J&J, $2,000........... July 1,1896 Population in 1880 was........ 2,494
T O T A L D E BT .— Total debt Sept. 16,1891, $60,000.
A S S E S S E D V A LU A T IO N . —In l8 9 0 assessed valuation of real estate
was $2,969,770; o f personal property,$437,101; total,$3,406,871; totai
tax (per $1,000), $16-00. Property is said to be assessed at about 65 W A L T H A M . — G eo. L . M ayberry , Mayor.
This city is in Middlesex County. Sewer bonds for $300,000 are fa
per cent its actual value.
be issued.
P O P U L A T IO N .— Population in 1890 was 6,155; in 1880 it was
'( Interest.— ,
—
Amount
4,890; In 1870 it was 4,513.
LO ANSRate
When
Principal,
Outstand­
N A M E A N D PU RPO SE.
P. Gt. Payable. When Due.
ing.
City b onds......., ___
.1887
July i , 1894
$18,000
do
................
.1885
Aug. 1, 1895
S U F F O L K C O U N T Y . — See City of Boston.
16,000
do
......
1885
Sept. 1, 1895
12,000
do
............ ;;;
1886
Jan. 1, 1895
7.000
do
................
1887
Jan. 1, 1897
90.000
do
................
1887
July 1, 1897
28.000
T A U N T O N — F r a n c is S. B ab b it t , Mayor.
do
........
1888
July 1, 1898
42.000
do
..........
This city is in Bristol County. In 1891 an issue of $200,000 sewer
1889
Jan. 1, 1899
28.000
do
.............
bonds was talked of.
1889
July 1, 1899
42.000
do
........
1890
Jan. 1, 1900
Î Interest.----N
—
19.000Amount
do
..............1
1891
Jan. 1, 1901
LO ANSKate
When
30.000
Principal,
Outstanddo
................
N A M E A N D PU RPO SE.
r . Gt. Payable. When Due.
1886
Jan. 1, 1906
3.000 ‘
ing.
do
................]
July 1, 1893
1888
City bonds................ -’78 & ’79 5
14.000J & D June 1, 1895 $149,000 Surface drainage.......
Jan. 1, 1909
do
............
; 85,000
4
J & D June23.1891
35,000
do
‘ _ _
_
Jan. 1, 1910
do
..........
15.000
4
J & D June 1, 1893
26|500 Water loans constr’ction.i873
M & N May 31, 1893
do
........
125,000
4
J & D June 1. 1894
51,000
do
do
M & S Sept. 1, 1891
4
.1881
do
............
59,G
OO4
J & D Dec. 1, 1894
5^500
do
do
.1883 4
F & A Feb. 1, 1893
do
..........
36.000
.’81 t o ’86 4
J & D June 1, 1895
107^500
do
do
A & O Apr. 1, 1894
.1884 4
do
...............; ...... 1887 4
9,000J & D June 1, 1897
14,000
do
•
do
.1884 4
M & S Sept. 1, 1894
do
.................
7,000*
4
J < D June 1, 1898
fc
62,000
do
M & N May 1, 1895
do
.1885 4
5.000
do
.......
...... 1886 3 ^ J & D June 1, 1896
70,000
do
do
.1883 4.
J & D Deo. 1, 1898
Paving bond s............ .......1891 4
75.000
J & D June 1, 1901
25,000
do
do
A & O Apr. 1, 1906
.1886 4
Water............................’76 to ’78 6
9.000
J & J July 1, 1896
250,000
do
do
.1887 4
J & J Jan. 1, 1907
do ..........................
6.000
4*4 J & J July 1, 1896
30,000
do '
do
.1887 4
J & J July 1, 1907
do ........................... ,’80 t o ’83 4
12.000
J & J July 1, 1896
158^000
do
do
.1888 4
J & J July 1, 1908
do ........ ......... .
24.000
4
J & J July 1, 1897
5,000
do
do
.1889 4
J & J July 1, 1909
20.000




E X E M P T IO N FROM T A X A T IO N - T h e bonds are all exempt from
taxation.

-

T O T A L DEBT, S IN K IN G FUND, ETC.-The subjoined statement
shows Waltham’s total municipal debt, the sinking fund held by
city against the same, and the water debt, on the sixth of January
each of the last two years.
lg g l
1890.
$319,000
Total funded debt (city—exclusive of water debt) -••¥349,000
85,000
do
do
do (surface drainage)........................ 1W,UW
........... $449,000 $404,000
62,145
................
$341,855
Net debt on January ............................................. S a 7 O T 0 $392,000
Water debt additional.............................-................. ■*'“ 43’ 341
25,355
Sinking fund
$366,645
........... $343,659
Net water debt................... ...........................* . t.
•
* ,
The sinking fund is invested about one-half
miscellaneous bonds, and is divided as follow s: For city debt $62,146
and for water debt, $25,355. The sinking fund received during the year

W E S T B O R O U G H . — H enry L . Chase , Treas
This town is in Worcester County.
Amount
,—- Interest— v
Outstand­
Principal,
i fiAM o
Bate When
ing.
When Due.
N A M E A N D PU RPO SE.
F - Gt Payable
$13,000
Oct., 1898
A & O
4
Engine house......................... 4
Mch. 1, 1892
3,000
Municipal debt....................... 3% M & S
Aug. 24, 1898
3,000
F & A
4
do
do ...............
IMch. 93 to 1896 )
12,000
3 ^ M & ■i1 $3,000 yearly. )
do
do ...............
2,000
March, 1897
3% M & s
do
do ...............
1,000
Mch. 1, 1898
3% M & s
do
do ...............
10,000
Jan. 1, 1893
J & J
School house.......................... 4
*
15,000
On demand
Sewer loan.............................. 5
®
55,000
Sept. 16,1908
M & s
5
y
Water b o n d s .....................
35.000
Mch. 1, 1908
M & s
4
do
......................
20.000
Sept. 16,1916
M & s
4
.....................
do
5,000
Sept. 16,1919
M & s
4
INTEREST—W H ERE PAYABLE.—Interest is payable in Boston.
T O T A L DEBT Et c .—1 otal funded debt Sept. 16,1891, was $159,000
T
(of which $115,000 was water debt); floating debt, $38,000; sinking
funds, $31,464; net debt, $155,540. Sewer bonds will be issued when
the sewer is completed, to take up the notes.
In year 1890-91 income of water department was $7,519; interest
on water bonds, $4,910; sinking fund, $2,000; all other payments,

^ i f a S o l f t o sinking funds the city has cash and bills receivable,
$35,850; uncollected tax, $38,649.
w a t f R W ORKS —The gross earnings of the water works for 1890
A S S E S S E D VALU ATIO N .—In 1891 assessed valuation of real
were $50,501; net ¿arnings, $40,331; interest paid on water loan, estate was $2,307,254; personal property, $487,980; total, $2,795,234;
$18,746; paid to sinking fund, $22,000.
tax rate (per $1,000), $16-00. In 1882 total assessed valuation was
n c n T LIMITATION.—See general remarks and laws cited under $2,575,179; tax rate, $12-60.
_
, „„„„
_ 01 ,
this head in connection with the details of the debt and finances of
PO PU LATIO N .—Population in 1890 was 5,195; in 1880 was 5,214;
Massachusetts, given on page 19. It will be noted ir o »
in 1870 was 3,601.
there made that the general debt limit for the cities and towns of the
State is now 21 per cent.
a
w ii* .
w ii
An exception to this limitation in the case of Waltham will be found
in the supplement to the Public Statutes, Laws of 1888,
ap er
The object of the law was to authorize a loan for the purpose>of pr Tiding surface drainage in said city. The amount of debt authorized
w asnot to exceed $100,000 and the law provided that Waltham could
ncur that amount of indebtedness beyond the limit fixed by law.
ASSESSED V A L U A T IO N .— The city’s assessed valuation and tax

W E S T

rate have been as follow s:
Total
Bate o f Tax
Personal
Beal
Valuation, per $1,000.
Property.
Years.
Estate.
$16,397,630
$14-00
$3,945,330
1891
$12,452,300
15,210,714
14-00
3,609,814
1 8 9 0 '" '............. 11,600,900
13,958,330
14-20
3,254,130
1889 . . . . ........... 10,704,200
13,156,310
........
1888 ...................
............
12,301,945
1887
The tax rate in 1890 was made up of city tax $13-25, and State and
county tax, 75 cents; total per $1,000, $14-00. Average valuation for
1887,1888 and 1889, $13,102,678.
P O P U L A T IO N .— In 1890 population was 18,707; in 1880 it was
11,712; in 1870 it was 9,065.

W A R E . — A. F. R i c h a r d s o n , Town Clerk.
This town is in Hampshire County,
Valuation, etc.—
W£§
LO A N S—
When Due.
Total debt in 1890............$156,100
P ublic B uildings_____
Sinking fund appropria........ . $20,000..
tion for 1890................
9,200
R ailroads —
Tax valuation in 1890. ..3,736,071
........ ,$15,000..
Population in 1890 was.
7,329
Sewerage —
Population in 1880 was.
¿,817
................ $50,000..
W ater W orks —
.
........ . $71,100..

ow e,

TreasY.

Total debt March, 1891.
$23,000
Available resources---4,903
Tax valuation 1890 . . . . 1,197,535
Population in 1890 was.
3,019
do
in 1880 was.
2,994

W E S T F I E L D . — C. N . Oakes , Town Treasurer.
This town is in Hampden County.
'__ Interest.__ »
I D ANS
Bate When
NAME AND PURPOSE.
P. Ot. Payable.

Principal,
when^ ' ^

Amount
Outstanding‘

Academy bonds..................
High School n o t e s .........

3*2 July 1 { Jl$4,000 yearly } $36,000
$3)0J0 arl
9™
a t«»
» j „ „ ( 5 each year after)
000
Sewer notes................. ........ 3*3 s mi-an. j
1892
>
*
Water bonds
............. 6
A & O
1893
35,000
Water bonus............
.
. . n <O ct.l,’92,to 1903 > 60,000
do
........................ 4
A&0 £
$5t000 yearly )
C0 ct.l,y ’rly$5,500 i
1889.. 4
A & o 'e x c e p t ’99& 1900 f 100,000
Q
O
............
(
$6,000
>
y O T A L D E BT .— Total debt September 16,1891, $317,000, of which
water debt is $205,500. In place of a sinking fund town pays off $17,500 of debt yearly.
ASSESSED VALUATION.—In 1891 assessed valuation of real
estate (about 90 per cent true value) was $5,114,011; of personal
property, $1,855,739; total, $6,969,750; tax rate (per $1,000), $16 00.
PO PULATION.—Population in 1890 was 9,805; in 1880 was 7,587;
in 1870 was 6‘519.

W E S T
W A R R E N . — S. E. B l a i r , Treasurer

-Gr. F. H

B O Y L ST O N

This town is in Worcester County.
LO A N S —
When Due.
T own Notes :
. . . $2,500
Sept. 4,1892
.. 15,000
April 3,1893
" " 3.......
3,000............................

S P R I N G F I E L D — J.

M.

H armon ,

Town Clerk.

This town is in Worcester County,
LO A N S—
When Due. T ux valuation 18 9 0 ---- $2,389,038
Tax per $1,000.............
$15-00
School H ouse D ebtj Q Hfvmi-an *28 187 10 p. c. v’rly Population in 1890 was........ 4,681
was........¿,oox
Total^eb°M arch, 1891..P.$28,187 |Population in 1880 was........3,889

This town is in Hampden County.
I DANS—
When Due. I Other d e b ts .... j. . . ............ $b5,iuu
rtmwRAL P urposes—
Total debt in 1890— ...
90,100
Ah 25 000 ................ May 5,1898 1Tot. value town’s prop’ty
G«
92,850
INT EREST payable at New Eng- Tax valuation in 1890..$3,362,767
land Trust Co., Boston.
|
£ \ fs° Z tlV .V .V X lM
0

W A T E R T O W N . — J. K . S t i c k n e y , Treasurer.
This town is in Middlesex County. An issue of $100,000 for sewers
was in contemplation in 1891.
LO A N S —
When Due. Total debt March, 1891.. $30,500
Total tax valuation 1890.7,287,622
City N otes, Etc .—
$14 -50
4s, J&J, $5,000..........Jan. 1,1892 Total tax per $1,000.......
4s, A&O, 6,000......... Oct. 1,1892 Population in 1890 w as....... 7,073
’ A&O. 5,500...... Oct. 1,1893 Population in 1880 w as....... 5,426
-~
4s,
.Nov. 1,1894
4s, M&N, 2.500
4s, A&O. 6,000.......... Oct. 1,1898
.Oct. 1,1891
4s, A&O, 5.500

W A Y L A N D

(Village of Cochituate).

-R. J. L om -

, Town Clerk.
This town is in Middlesex County.
$76,900
When Due. Total debt in 1890........
LO AN SSinking fund assets___
6,314
Public Buildings, $2,400.
Total value town prop’ty
87,239
R ailroads —
Tax valuation in 1890.. 1,565,119
............. $44,500.................
Population in 1890 was.........2,060
W ater W orks —
Population in 1880 was.........1,962
......... ..$30,000.................
bard

W E Y M O U T H . — J. C. H

red.

K

i n g s b u r y , Town

Clerk

This town is in Norfolk County.
LO A N S—
When Due. Total debt in 1890........ $221,000
Sinking fund assets.......
16,351
"W
ater W orks :
Value town prop’ y (est.) 430,516
............$171,000....
Tax valuation fn 1890. 6,231,584
Other D ebts :
Population in 1890 was.
3,600
............ $50,000....




Chairman o f the

Board of Selectmen.
This town is in Norfolk County.
Amount
,----- Interest.-----.
Outstand­
Principal,
LO ANS—
Bate
When
ing.
When Due.
N A M E a n d PU R PO SE.
P- Gt- Payable.
$300,000
1914
Water loan..........................— 4 M & N
0
50,000
1917
do
c 4 M&N
21,000
1919
do
.........2
...;.. c 4
M&N
29,000
1920
do
" " " " . — ...- ..0 4
M&N
d e b t Et c .—On January 1,1891, this town’s total bonded
debt was $400,000; deduct sinking fund assets, $27,602; net debt,
$372,398; floating debt additional, $66,092.
A S S E S S E D V A L U A T IO N . —The assessed valuation in 1890 of real
estate was $4,742,026; personal property, $1,682,659; total, $6,424,685;
total, 6,424,685. Total city, county and State tax, $16-40.
P O P U L A T IO N . —The population in 1890 was 10,866; in 1880 was
10,570; in 1870 was 9,010.

W H I T M A N . — G eo . K
W E L L E S L E Y —F

ow e,

This town is in Plymouth County.
LO ANS—
When Due.
School H ouses—
............ ...,$ 1 2 ,0 0 0 ...........................
W ater W orks—
........ , $75,000.................. ........
Total debt in 1 8 9 0 ............$87,000

P earson , Town Clerk.
Valuation—
« «n o n
Sinking fund assets. . . . . .
Total value town prop ty 159,510
Tax valuation in 1890.. .3,104,640
Population in 1890 was.
4,441
Population in 1880 was.
3,024

W I L L I A M S T O W N . — E. A.
Town Clerk.
This town is in Berkshire County.
LO ANSWhen Due.
R ailroads —
........... $33,000.................................
School H ouse—
............$2,500..................................

Tallmadgb,

LO ANS-

N A M E A N D PU RPO SE.

Total debt 1890.............
$35,500
Total value town prop’ty
32,800
Tax valuation in 1890.. 2,211,455
Population in 1890 was........ 4,221
Population in 1880 w as........ 3,394

W I N C H E N D O N . — J. D. H o w a r d , Selec tman.

Funded Water Loan. .......1876
do
do
___ .......1884
do
___ ...... 1885
do
do
do
___ ...... 1888
do
do
___ ...... 1889
do
___ ...... 1890
do
do
do
(renewal)___

—
Interest.— ,
¿fate When^

Amount
Outstand­
ing.
1, 1906
100,000
1, 1914
250.000
1, 1915
100.000
1, 1918
150.000
1, 1919
200.000
1, 1290
30,000
150,000
$500 and multiples

Principal,

6
J «fe D Dec,
4
A «fe O Apr.
4
A «fe O Apr.
4
A «fe O Apr.
4
A «fe O Apr.
4
A «fe O Apr.
313
PAR V A L U E OF BONDS.- —
Th<
•The bonds are for
thereof.

INTER EST—W HERE PAY A B L E.—Interest on most issues is pay­
This town is in Worcester County.
able, principally by check, at the Merchants’ National Bank in Boston.
This town has issued no bonds but has outstanding notes, as follows:
T O T A L DEBT, S IN K IN G FUNDS, E t c .— The subjoined statement
Amount
LOANS—
Bate
When
Principal,
Outstand shows Worcester’s total funded debt, the sinking fund held by the city
NAM E a n d p u r p o s e .
P O t. Payable. When hue.
ina.
against the same, and the water debt, on the first of July, 1891, and the
low n notes................................. 5
Ondemandi
$500
do
............................. 4
........... Jan. 15, 1894
12,000 first of December, 1890.
do
.............................. 4
Apr. 6, 1895 25,000
July 1,1891. Dec. 1,1890
do
.............................. 3% .............. Sept.
18,1891 2,500 Total funded debt (including water debt)... $3,918,400
$3,930,700
do
............................. 33* .............. Sept.
18,1892 1,000
Sinking funds.................................................. $1,182,832
$1,189’,574
v 272 656
IN T E R E S T — W H E R E P A Y A B L E .— Interest on the 5 per cent and Cash m treasury...........................................................
3% per cent notes is payable in Winchendon; on the 4 per cent notes at
Net debt on December 1 .......................................
*2 468 46Q
the Institution for Savings, Newburyport, Mass.
Water debt (included above)......................... $1,030’000
$1,’032,’ 300
T O T A L D E B T .— Winohendon’s total debt on April 1, 1891, was
The sinking fund receives yearly a sum sufficient with accumulations
$41,000. The town has no sinking fund assets and no water debt.'
of interest on sinking fund investments to retire entire debt at matur­
ASSESSED VALUATION.—The assessed valuation of real estate in ity. In 1891 $93,400 was paid into sinking funds other than the
1891 was $1,472,666; of personal property, $558,183; total, $2,030 849 water bonds sinking fund.
The tax rate (per $1,000) was $16.
The sinking funds hold $291,174 in cash and $898,400 in invest­
POPULATIO N.—The population in 1890 was 4,390; in 1880 it was ments. The investments consist of registered Worcester bonds exclus­
ively, viz.: $75,500 city 6s, $74,500 city 5s, $10,000 city 413s, $688 3,722; in 1870 it was 3,398.
400 city 4s and $50,000 city 3 ^s. The “ cash deposits” draw interest at
3 per cent per annum and are subject to call at the option o f the Com­
missioners.
W I N C H E S T E R . — A lbert A y e r , Town Clerk.
This town is in Middlesex County.
C ITY P R O P E R TY .—The city owns property valued at $4,650,262,
mL O A N S When Due.
Valuation, etc.—
including water works costing $2,304,389. Receipts from water as­
T own L oans
Total debt Feb. 28, 1891. $367,500 sessments in year 1889-90 were $140,293; maintenance, $59,876*
‘A>$35,000... Sept. 28,1892
(Including water debt
(abt. $10,000 y’lyjto Sept. 28,1894 Payments to sinking fund 281,000). interest on water loans, $41,988; paid to sinking fund, $38,429.
are made
........ ,$ 2 3 ,5 0 0 .... 1§95 < 1896
fc
as the law requires.
DEBT LIMITATION.—See general remarks and laws cited under
........ . 5,000..Sept. 28, 1892 Water works are valued
31&s,........, 8,000.. July 12, 1896
a t.. . . . . . .. . .................$250,000 this head in connection with the details of the debt and flnanoes ot
Water Bonds—
Tax valuation in 1891.. .5,038,504 Massachusetts given on page 19. It will be noted from the citations
Je* ........ , $45,000........1892-’93-’ 94 Real estate..................... 3,950,580
6s,
, 35,000........Apr. 1,1895 Personal property.......... 1,087,924 there made that the general debt limit for the cities and towns of the
State is now 2*3 per cent.
4s,V ar’s, 189,000. ...1900 to 1912 Population in 1890 was.
4,861
(Part due each year) inclusive.
An exception to this limitation in the case of Worcester is found in
3,802
3 % s ,........ . $12,000..Dec. 20,1901 Population in 1880 was.
the Supplemqpt to the Public Statutes, Laws of 1888, Chapter 144. The
object of the law was to authorize a loan for the purposes of Publio
Parks. The loan was called the Worcester Park Loan, and the amount
W I N T H R O P .— S. F l o y d , Town Clerk
of the issue was fixed at not to exceed $250,000. The Statute provided
This town is in Suffolk County.
that this debt should not be included within the limit fixed by law.
LO A N S—
When Due. Total debt in 1890.......... $76,800
R ailroads —
ASSESSED VALUATION.—The city’s assessed valuation and tax
Sinking fund assets........
14,203
-s, ........., $35,000........................
Total value town prop’ty
81,322 rate have been as follows, real estate being taken at about cash valu e:
School H ouses—
Tax valuation in 1890.. .3,521,361
Personal
- 8 , ........ , $15,425..........
Bate o f Ta»
Population in 1890 was.........2,726 Years.
Beal Estate.
Property.
Other D ebts—
Total, per $1,000
Population in 1880 was......... 1,043 1891..................... $60,934,800
..s, . . . . . . . $36,375...............
$16,683,558
$77,618,358
$14-6<>
1 8 9 0 ...,............... 57,888,850
15,642,210
73,531,060
15-60
1889...........
54,406,750
13,747,300
68,154,950
16-00
1888..................... 50,338,350
14,164,286
64,502,636
16-00
W O B U R N — G eo . F. B e a n * Mayor.
1883................
48,570,335
17-20
This city is in Middlesex County.
In 1891 tax rate inoludes: State tax, $0-40; connty tax, $0-42 • eitv
In 1875 Woburn’s “ net municipal deb t’’ was as high as $640,609. $13-78; total, $14-60.
’ ™
but it has since decreased to $426,238.
Average assessed valuation for three years, 1888 to 1890 inclusive
.— Interest.— .
Amount was $68,933,000.
ve'
LO AN SBate
When
Principal,
Outstand­
N A M E A N D PU RPO SE.
p - Ot. Payable.
When Dus.
ing.
P O P U L A T IO N . —Population in 1890 was 84,655; in 1880 wan
MUIUOij)ftl b on d s..................... 4
i qq -|
1 noo
$84,583 58,291; in 1870 was 41,105.
............
1S91 to 1900
Trust funds
91,372
Waterworks ($1,0 0 0 ¿a ch j:;
j " & 'j
1892-’93-’9 4 '
400,000
S i ; :...................................................
1900
6,000
......................... A <e o
f
1895
10,000
IN T E R E S T - W H E R E P A Y A B L E .—Interest on water 6s is payable
in Boston; on other issues in Woburn.
^ p T A L D EBT , Et c .—Total debt in 1890 was $639,522; sin Vinoftmds, $121,912. The “ net municipal debt” in 1890 was $426,238.
Payments to the sinking fund in 1890 aggregated $15,500.

V A L U A T IO N .— Assessed valuation in 1890 was $8,918,.
„ i ! ® ? P o p u l a t i o n
9 3 1 ; in 1870 was 8,560.

in 1890 was 13,499; in 1880 was 10.

^ ^ O R C E S T E R . — F r a n c is
Mayor.

A.

H a r r in g t o n ,

This city is in Worcester County.
The city’ s net indebtedness, which in 1875 was $8,099,732, is to-dav
cOs^iderabiyiess than $3,000,000. The population has doubled since
i «-.Amo

'— Interest— .
Bate. When
P. ot. Payable
Funded city loan...................... 6 A « k O
do
do
(renewal) 1875 5
A «fe O
............. 18»* 4
do
J « J
fe
d°
do
1882 4
A «fe O
d°
do
1883 4
A «fe O
do
do
i8 9 i 4
A «fe O
_ d °_
do (renewal) 1875 4
A «fe O
Funded park loan........ 1889 4
A «fe O
Funded sewer loan...
5
J «e J
f
do
do
.......... ..1880 5
J « J
fe
do
do (renewal) 1875 4*2 A «fe O
do
do
.............1881 4
do
do
..............1883 4
do
do
..............1884 4
do
do
.............1885 4
do
do
..............1886 4
do
do
.............. 1888 4
do
do
..............1890 4

klA. L O A N S—

N A M E A N D PU RPO SE.




Principal
When Due.
Apr. 1, 1892
Apr. 1, 1905
Jan. 1, 1892
Apr. 1, 1892
Apr. 1, 1893
Apr. 1, 1901
Apr. 1, 1905
Apr. 1, 1938
Jan. 1, 1899
Jan, 1, 1900
Apr. 1, 1905
Jan. 1, 1901
Jan. 1, 1903
Jan. 1, 1904
Jan. 1, 1905
Jan. 1, 1906
Jan. 1, 1908
Jan. 1, 1910

Amount
Outstand­
ing.
$800,000
200,000
53,400
35.000
90.000
75.000
500.000
250.000
100.000
30.000
140.000
55.000
65.000
70.000
180.000
145,000
75.000
75.000

at.
m v discount notes, bonds or drafts of individuals orcor^ +uiia with two other responsible endorsers, sureties or guarantors.

State of Rhode Island.
5>taxe ot rtnuuc .o
ITS

D E B T , RESO U R C ES, ETO .
Admitted as a State

-

-

?

One ot Original Thirteen

Total area of State (square miles) "
“. ’
S la t e Capital
Newport and
Governor (term expires 1st Tues May, W>, HerbertW. L a d i
Secretary of State (term exp. 1st Tues. May 92), G. H.
Treasurer (term expires 1st Tuesday May ’92),
Samuel Clar
Legislature meets annually the last Tuesday m May at New­
port gand holds an adjourned session the following January at
Providence. There is no limit as to the length of session.

f
iav be deemea to m saie, ui uj m u . . --------e
The only other Sections which call for publication are 53 and 54, the
former appearing to give Savings Institutions quite extensive powers
as to making and keeping deposits in commercial banks. When so
kept however, they are to be kept “ payable on demand whether draw-

WSECTiONr5 4 - S o S l y Shan he loaned by any institution for sav­
ings t^anytrustee^irecra or other officer of such institution,
l o r the other provisions of the law as they now are we would refer
our readers to the Revised Statutes of i882,
i m c t i t i ITIHIM8

wiQTORY OF DEBT.—The experiences of Rhode Island over her i B A N K S -N A T IO N A L , S T A T E A N D S A V IN G S IN S T IT U T IO N S .
debtSa^d ^currency issues while a colony and while a member of the - F o r a State of its size, Rhode Island has quite a large banking capital,
been . little falling off .inoe 1885. but .»ven ae it » .be
confederation of States had probably a deterrent influence m shaping T b « e L
financial policy. At all events the State authorities showed no national institution« have over twenty millions capital, w h d eth e sra
g t e g
g
j g - to put out any kind ot obligation Neither Oban- I plus since the year mentioned has been augmented nearly three quar
^
,
.j „o i rmrr»oses nor canals, nor railroads, nor banking I ters of a million dollars.
-1885.----------- 1890-91.----------- ■
n We
the debt-making fever developed in so
State.
National.
National.
(Nov. 17.)
manv States—were the basis of any bond issues by the State of Rhode
R hode I sland. (July 9, ’91.) (Nov. 18, 90.) (Dec. 24.)
10
61
Island At the time of the Civil War, however there was no besrtancy
$1,766,685
S . T . O,..ba° '“ ::*20,184.050 81,049,602 $20,340,050
156,947
5,570,320
whatever in carrying out
I Surplus and profits. 6,294,692
¡7 4 3 7 4
1,096,150
13,150,429
eminent.
« a n n a te Z m
^ g m v t t o g o u t d l ^ o C i ^ V ^ e , . 6m ept in 1875 and 1879, some ! T h f L “
Te ni-nn nf debt has been paid, until now the total outstanding is $1>
283^000 ^gainst^which^here ¡r e sinldng fund securities held by the | 1 qqa (do 1 « 4.4.00 canital, $12,072,716 deposits and $562,983 surplus,
gtate the par value of which is $941,703 95. The outstanding bonds j the bulk of the amounts however being contributed by one institution.
As S a r d s tbe savings banks, both the number of depositors and the
are described as follows.
interest.__ ,
Amount
—
' 'Bate
When
Principal,
Outstand- amount ol^eposits a r e V g e , and tbe average c f each
i c a m o_
iuodat- than in anv other of the New England States—m tact mgnei
La?,£ nnDDOQF
P-Ct. Payable. When Due.
vug.
NAME and PURPOSE.
j & J July 1, 1893
584,000
L any State in the Union
Civil War bonds, 1 1 6 3 ...... . ^ 6
J, ® o Au|. £ 1894 699,000 S
from the fact that many very large accounts are
d a r VALUE OF B O N D S.-Thebonds are for $1,000 each.
bolding an account of $169,148, another ^
^
’
IN TEREST—W H ERE PAY A B L E .-Interest is payable in Provi­ still another $51,524, a fourth an account of $ 49 ,9 7 7 , &c., Ac. ^
dence at the Rhode Island Hospital Trust Company.
.
Savings B a n k s (Nov. 18.)
(^ 1 7 .}
(Dec.1.)
(Nov.)
T O T A L DEBT, SINKING FUNDS, ETC.-The subjoined statement shows Rhode Island’ s debt, and the sinking fund held against the K b e r o f d S o s i t o r a 131,652
$449^ ’5 8| 23 i / i J i S l
65
same, on the first of January of each of the last two years.
^
4,829,965
. , .
.......... $1,283,000
$1,283,000
Total funded debt..................... •.................
•
v ^pj.4’^91
816,017
Sinking funds.................. -.................................'________!___
et del3t
.............................................. $328,309
$466,983
The6 sinking fund is invested in city, town and district bonds and
^PO PU LATIO N OF ST ATE.- F o r the first few decades of our
national existence the population of Rhode Island grew very slowly,
i S S S S S S y the pace b a . been rapid. In 1790 .be number
Of inhabitants was 68,825 and in 1800 it had increased only to 69,122,
in 1850 it had risen to 147,545; for 1890 it is 345,506.
I8 6 0 ............... 174,620 1 8 3 0 ..................97,199
1890.......345,506
1 8 2 0 ..................83,015
1880............... 276,531 1850............... 147,545 1 8 1 0 ..................76,Q31
1870............... 217,353 1840 ............ 108,830 -------------¡r w 'iil be "observed that during the last thirty years the addition
to nonuLation has been almost as large as the total population in 1860
—tbatiefthen um bersbnvealm ostdou bled,tbe345,506 for 1890 comino. with only 174,620 in the year mentioned. In the decade from
S
to 1870 the rate of growth was 24-47 per cent, in the 1870 to 1880
decade 27-23 per cent and in the last decade 24 94 per cen .
M U N IC IP A L IN D E B T E D N E S S L IM IT A T K ) NS.— There is nothing
i n T e Consthutionof Rhode Island limiting the amount of ^
debts
The following, however, are two sections taken from Chapter 34 of the
Revised ^Statutes of the State, passed in 1878. Since 1878 these
nrovisions have been in force, and consequently 3 per cent of the taxa­
ble property has been the limit of the power of each town to create

719.491 deposits, against $44,755,620 m
v iy .‘ty i uojjvoiuo, . _ i /a Ann e.4.
x
. ,,
depositors, against but 97,682 at theaot>1i an TiATinn.
earlier period.

C it ie s , Coun ties a n d T ow ns
STATE

OF

RHODE

IS L A N D .

R R 1 S T O L . — George H . P eck , Treasurer.
This town is the capital of Bristol County, is situated on Narragan
sett Bay, about 15 miles south of Providence, is a port of entry for
Bristol Township, and has several manufactories.
et%
When
Principal,
OutstandniamfL
and ^puRPOSE
P. Ot. Payable.
When Due.
mg.
NAME AND PU RPO SE.
$ 1894 & 1895)
73,000
Five year notes.................. 4
............ < Apr. to Aug. 3
15,000
Short notes
s f ‘
total'notes outs'tanding" ApriL "l891, was $88 000 B H stollas no water debt, but pays annually $3,000 for water for

’ ^ « F ^ E d ' v AL UAT IO N - I 1 1890 the assessed valuation on real
1
est^ e was $3,623,700; on personal property, $1,384,100; to a , $ ,
^ section 16. “ The outstanding notes, bonds and contracts of towns 020 800. Tax rate per $1,000 was $9-30.
¿aid and be fulfilled according to the tenor thereof, and all
PO P U LA T IO N -IH 1890 it was 5,487; in 1880 it was 6,028; in 1870
n u b lic w o S now authorized to be prosecuted shall be pro^cuted. and
'indebtedness now authorized to be incurred on account thereof may it was 5,302.
______
ua ^purred according to the tenor pf the authority therefor.
^Vw-TION 17 No town shall incur any debt m excess of three per
nen tim of rJi taxable property of such town, including theeight hun- B O R R I L L V I L L E . - P . 0 . H a w k i n s , Treas.
thetaxaDiepropc ty
Aiwil, one thousand mdebtedness ° {
but tb e g iv in g of a new note or bond, for a pred r® ^ X b y
d«
t
for money borrowed and applied to the payment of
f S f f i i S ^ n V d e b M s excepted from the provisions of this section
nnd1
the6amount of any sinking fund shall be deducted m computing

fS v m tH S sN K

IN V E S T M E N T S A N D R E S T R IC T IO N S - l u
t h e ‘ ‘ P u S c Statutes of Rhode Island” (which were revised m l 880-81 6s, J&J, $15 000.. . .July 1,1892 ^ax (per^LUuu^^ w&s........5f492
mterest^paid at offlce of R. I. H
j P o^ } ai ion in 1870 was........4,674
Dy commissioners and put in operation by act of Legislature February
l i t 1882,) Sections 52, 53, 54, etc., of Chapter 153, will be found the
provisions of law with reference to Savings Bank Investments Section
52 which recites ki detail the stocks, bonds, etc., these Institutions are C R A N S T O N . — H ugh B. B a i n , Treasurer.
a ii.w “ to put their money in, was amended in two particular« m
Cranston is in Providence County
S S T B e l o w we give that section in full, m n m . in /ore«, the amend- Floating debt July,1891-. $46,967 Tax (per $1,000), 1890......... $6-50
Population, 1890................... 8,099
Tax valuation, 1890.......8,506,900

C U M B E R L A N D . — C yr us T a f t , Treasurer.
II!
land
secure,




“ V

in

oorporate stocks or bonds as they may deem safe and

TMs town is in Providence County.
The following proposed bond issue is to fund the e
of the place.

in^Phtedness

, LO ANSWhen Due.
4s, M&N, $100,000..........................
Interest payable in Providence.
Sinking fund to receive $5,000 y’rly

Tax valuation 1890.......$7,248,901
Tax rate (per $1,000)...
$9-00
Population in 1890 was.........8,090
Population in 1880 was......... 6,445

T O T A L DEBT, S IN K IN G FUNDS, Etc .—The subjoined statement
shows Providence’s total municipal debt, the sinking fund held by the
city against the same, the water debt, and the city’s floating debt, on
the first of October of each of the last two years:
1890.
Fbndeddebt (including water debt)........$10,376*250
$9,016,250
Floating d eb t.............................................. 1,998,693
1,145,693

N E W P O R T . — T homas Coggeshall, Mayor.
Newport is situated in the county of the same name.
This city has a very small debt and an extrordinarily small tax rate.
.— Interest.— ,
Amount
Rate
When
LO ANSPrincipal,
Outstand­
N A M E A N D PU RPO SE.
P. Gt. Payable. When Due.
ing.
ER. aid, N. & W. RR. & S. B. Co. 6
A & O Apr. 1, 1895
$48,000
School house.................
4
M & S Mch. 1, 1905
30.000
do
........
4
J & D Dec. 1, 1906
16.000
do
............................" 4
J & J July 15, 1909
16,000
Sew ers...............
’ 4
M & N Nov. 1, 1916
35.000
do ..................I H ” ” ! ” ” 4
F & A Feb. 1, 1918
98.000
IN T E R E S T — Amounting yearly to $10,680, is payable at Newport.

Total debt...............................................*12 374 942
2’,632’785
Sinking funds, etc ..................... .......... .

$10,161,943
2,173,019

Net debt on October 1................................ «9 742 157
$7,988,924
Water debt (included above)....................I $6,553^000
$6,306,000
The notes representing the floating debt on October 1,1891, were is­
sued for and are chargeable to the following accounts:
Brook Street district......................................
$145,000
Filling cove b a sin ................................ III!"!” ” ..............
245.000
State ta x.....................
151,693
Sew erage.........'III.IIIIIIIIIIIIIIIII I..............................
263.000
Washington bridge......III.” I HI” I III. II11.” ” ! IIIIIII..
124.000
Water works construction............................II.. . . . III. ". . . Ill
245*000
Water works construction, fruit hill line and reservoir........
325*000
Special highway loan.................................................................
500,000

T O T A L DEBT, S IN K IN G FUNDS, E t c .— The subjoined statement
shows Newport’s total municipal debt and the sinking fund held by the
oity against the same on the 1st of January of each of the last two
years.
Total................................................................................... . .$1,998,693
1891.
1890.
SINKING FUNDS.—By city ordinance all sinking fund income is
debt.................................................. $243,000
$243,000
Sinking funds........... ..........................................
35 447
26,876 required to be invested in the city’s bonds or notes, in State of Rhode
Net debt on January 1 ................................... $207,553
$216,124 Island bonds, or in United States bonds. The city’s bonds to be can­
celed to prevent re-issue.
The sinking fund receives yearly $7,500.
The loans, for the redemption of which sinking funds are held by the
C IT Y P R O P E R T Y .— The city owns real estate valued by tax assess­ commissioners, and the amounts of the sinking funds October 1,1891
ors at $488,022; other property, $183,398.
are shown by the following table:
. C E B T LIM IT A T IO N . The city’s net debt (i. e., after deducting War loan, due in 1893..1................. .
« i s o koq a*
>
sinking funds) is limited by statute to 3 per cent of assessed valuation City flail and sewer loan, due in 1895........ 111111................
869*949 16
See statute under remarks on Rhode Island.
City hall and sewer loan, due in 18 9 9 ...........
‘ "
330*500 ¿1
Public improvement loan, due in 1899........... .II................
214993 0«
ASSESSED V A LU A T IO N .— The city’s assessed valuation and tax Public improvement loan, due in 1900
............
oo 55? « «
rate have been as follows, real estate being taxed at “ from 50 to 60 Water loan, due in 1900-1906............... ............................
597
55
per cent of cash value.”
Water loan, due in 1916...................
............................
Davis estate loan due in 1909............. .............................
1 959 50
_
Real
Personal
Rate o f Tax School loan due in 1911................
...............................
5 ni o on
Estate.
Property.
Total.
per $1,000. Sewer loan due in 1921............
..................................
q’! ^ kJ;
18 9 1..................$26,153,900
$6,890,250
$33,044,150
$9-60
Brook Street district sinking fund.
...............................
28 606 45
18 9 0 .................. 25,356,900
6,863,750
32,220,650
10-00
1 8 8 b ..........
28.540.300
Totiil
9-80
18 8 2 .................. ............
26.291.300
10-50
Amount of sinking funds October ï , 1890........................... ^2*,342*,242 99
The tax rate, though only $9-60 per $1,000, covers all taxes, State,
etc., as well as city.
In crease in the sinking funds .............................................. $280 123 98
, ( £ o U L A T I0N '_l11 1890 P°Pulati°n was 19,449; in 1880 it was
f
15,693; m 1870 it was 12,521.
»

P A W T U C K E T . — A lmon K . G o o d w in , Mayor.
Pawtucket is in Providence County.
LOANR—
NAM AND^URPOSE
E
_ M
General debt ten ds........ ........... 7
do
do
¿ o ld ...... a
do
do
g o ld ------- £
do
do
........V 4
Water bonds, gold......... £ £
fe

P

'
t, ■ ■
Amount
p j^ te .
«’ “ ‘ g ? ’*
A * O Apr. 1, 1895 „Eoofooo
^ % °T 4 pf- 1’ 1895 200,000
J * J JulF h 1915
150,000
J & J July 1, 1929
400,000
A & O A p r /iV 1898
30 o’,Soo

III m m »

a.
1
;
1
AI h C D T " m : " V 7 ; 4
J & J July 1, 1919
400,000
$2 550 000
lh e t0 a funded debt on January 1, 1891, was
i
$2,550,000. Of this amount $1,500,000 was for water.
.
L IM IT A T IO N .— The city’s net debt (i. c., after deducting
smkmg funds) is limited by statute to 3 per cent of the assessed valua
g
tot

tim f w a?S ? o 'i i o £ ATI ° N; “ In 1886 tbe city’8 total assessed valua£
m l 882 it was $16,267,764; tax rate (per
#l,OOu> foi each of the years mentioned was $13*33. SS
M n * ™ « w L ^ X . * 1 P° P'11,t'0“ waa 27-333 • *" 18« » $ ™ r
“6

P R O V I D E N C E . — C h arles
Mayor.
certain^onds
S h e N e w York 1 V

T

Si d n e y

S m ith

th6 0bllgatioils described below, guarantees
8pringfleld R- R- »
road is leased

W A T E R W O R K S .— The water works to October 1, 1890, had
cost $5,889,370. In year 1889-90 income from water rents was
$403,165; cost of maintenance, $80,815; interest on water loans,
$300,105.
D E B T L IM IT A T IO N .— The city’s net debt (i. e., after deducting
sinking funds) is limited by law to 3 per cent of the assessed valuation.
A S S E S S E D V A LU A T IO N .— The city’s assessed valuation*andtax
rate have been as follows, real estate being valued at “ about two-thirds
cash value :’
Rate o f
Real
Personal
Total
Tax per
Amount
Tears. Estate.
Property.
Valuation. $1,000.
o f Tax.
1891.$109,428,720 $37,473,120 $164,901,840 $15-00
1890 1'04,684,440 35,932,620 140,617,060 15-00
2,109,25590
1889. 102,850,100 37,627,240 140,477,340 15-00
1888. 100,924,720 35,837,840 136,762,560 15-00 2,107,160 10
1887. 99,779,580 34,267,680 134,047,260 14-50 2,051,438 40
1880. 88,012,100 27,908,900 115,921,000 13-50 1,943,685 27
1,564,933 50
1870. 52.511.800 40,565,100
93,076,900 13-50 1,256,538 15
1860. 37.089.800 21,042,000
58,131,800
._
___
5-60
325,538 08
P O P U L A T IO N —In 1890 population was 132,043; in 1 880itw as
104,857 ; in 1870 it was 68,904.

" W E S T E R L Y . — W. Count Pendleton ,

fÄ
nls W Due- IÏSS225Î on 4s pay
hen
£ Westerly
6s, F&A, $10,000........ Feb., ’92-’96 Interestdebt Mar. able in Provid’e
Bonded
1, ’91. $40,000
$2,000 payably yearly.
valuation in 1890...5,767 435
4s, J&J, $30,000... . July 1, 1918 Tax rate (per $1,000) ’90.
Tax
8-20
Subject to call July 1,1898 Population in 1891 was..
6,813

W O O N S O C K E T . — D a n ie l B. P ond, May or.

Woonsocket is in Providence County.
J
> Interest.— ,
—
_. . .
Amount
L O A N S—
Rate
When
Principal,
OutstandN A M E A N D PU RPO SE.
P. Gt. Payable.
When Due.
ing.
Dec. 1,1891-1903 )
0„
Fundingbonds, “ A” .1884.. 4
$10,000 yearly. 5 $130,000
do
do “ B” .1887.. 4
Aug. 1, 1907
200,000
Apr. 1, 1915 )
Water bonds.............1885..
Subject to call } 300,000
after Apr. 1,1895)
N otes................

iT is .
~
S
S
i £ 1 1 4 h B fI T «
tssusam
....... 1 I! j i? v
P ubteteprovbteent .

- ..V r 5 | | f

»

A »
s’

Treas.

This town is in Washington County.

fo F A R VALUE OF BONDS—The funding “ A ” and “ B ” bonds’ are
War, 1863..
........ f
i H
July 1, 1921 1,125,000 tor $1,000 each, the water bonds for $5,000 each.
Water, gold .................... £Z l
i
d
1893
300,000
IN T E R E S T is payable in Woonsocket only.
do
gold.......V ............. i f £ July L 1900
820,000
do
1876 gold'............S t ? 5 f t f
b IW- 9,180,000
o J ° I A£
S'N K 'N G FUNDS, ETC.-The city’s bonded debt
do
1 8 8 6 .-.. ............. $£ Ir a l
b H 06 L500.000
PAR VAI IIP
M & 8 8ept
1916
4:83,000 ^ 75000^. V\ i waf . $630,000; floating bebt, $245,000; total debt,
registftTAd
? F BONDS.-TUe coupon bonds are for $1,000; the
’/• 1’ ,?ef UCt Slnkmg fund, $60,998; net debt, $814,002. Water
registered bonds for $1,000 and multiples.
wa+t
above)> $300,000 bonded and $100,000 in notes; total
bleN I f o n o w I r WHERE PAYABLE.~Iuterest on the bonds is paya- water debt, $400,000. The subjoined statement shows Woonsocket’s
a
total municipal debt, the sinking fund held by the city against the
Title o f Loan
x *
. ,
same, the water debt, and the city’s floating debt, on the first of De­
cember of each of the last two years.
Davis estate loan, due 1909"'
9
New Y opiT na
*L
6Ve£ e Ba,ukc
a
s
s
i
s
*
P
r0T- F loa ti?“ debtdetot (including water de f l t ) i . ..$63o!obo $640^000
rioarin gaeot............................................................... 105,000
65loOO
School loam due 1911..................... Treasury;
Sewer loan, due 1921................... New^York, Nat. City Bank and Prov.
©«qk aaa
Total debt........ .........
.............
no
(|
q
$705,000
Deduct sinking funds . . . . " " I I I ” " ” .....................
50*
82«
Water 5s and 6s, due . 1900...
{ Boston—National Revere Bank
48,431
Cash, unpaid taxes 1885-90, etc......... IIIIIIIIIIII 29,987
35,580
do 5s, due 1 9 0 6 ......
ao S^s, due 1 9 1 6 ........... lu rk —Nat. Crty Bank & Prov.
Balance net debt on December 1st................... $645 386
$620,989
Water debt included above.. . . . . . . . .
$300 000
$300,000




STATE AND

38

CITY

The following statement is a comprehensive resume of the city’s
financial status for the years 1880 to 1889:
FINANCIAL STATEMENT.
Amount
Cash
and other paid yearly
Sinking
Floating
Bonded
fo r Interest.
Resources.
Fund.
Debt.
Debt.
Tear.
$35,580 95 $29,333 90
1889.. *640,000 00 $65,000 00 $48,431 54
28.379 56 18,620 50 41,314 98
Bonded.
635.000 00
1888..
24,223 04
20,347 19
18,371 25
1887.. 470.000 00 130,000 00
22,133 37
15.944 76
9.014 01
70.000 00
1886.. 480.000 00
5,806 01
41,663 12
20.000 00
1885.. . Ì490.000 00
11,220 29
22,402 50
1884.. . 200,000 00
11,810 97
9,172 61
41,846 72
40.000 00
1883..
11,468 59
12,690 26
30,567 52
45.000 00
1882..
11,598 76
10,422 07
45.000 00 20,007 55
11,830 02
1881..
8,595 18
10,000 00
40.000 00
1880..
t Bonds increased for water worts.
C IT Y PR O P E R TY —The city c m . real « ta te and personal prop
The estimated receipts ot the water depart
ment in 1891 are *

, „

AQorqqFD V A L U A T IO N — The city’s assessed valuation (about 23
»d

tS

S t e tor a series ot years hate been as

follows :

Rate o f Tax
Personal
Real
Total.
per $1,000.
Property.
Years
Estate.
$12,731,150
$13-50
$1,871,150
......... $10,950,000
1891
10,414,680
13-50
1,827,680
1890 1.............. 8,587,000
9,511,185
13-00
1886..................
............
9,083,880
12-20
1882
DP r t LIMITATION—The city’s net debt (i. e., after deducting sinkingftm T slis limited hy statute to 3 per cent ot the assessed valuation.
See statute under statement concerning Rhode Island.
P O P U L A T IO N — In 1890 population was 20,830; in 1880 it was 16,-

050 ; in 1870 it was 11,527.

Voi. l u i .

any such corporation; hut nothing
validity of any bonds or debts
strued to prohibit the General AssemWy from authom ing anv <rwn
or City to protect by additional approbations of money or^credit any
railroad debt contracted prior to the adoption of this amename i.
The foregoing is explicit and comprehensive, covei mg every mun c
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 Sran ng eia
limited power to issue bonds. According to section
, c ap r
the Revised Statutes, “ when any town shall have made appropnat ons
“ or incurred debts, or shall hereafter m ate appropriations or incur
“ debts exceeding ten thousand dollars, it may issue bonds, either■
regte“ tered or with coupons attached, or other obligations, paya 6 a
“ times and at such annual rate of interest not exceeding Per
’
“ 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 genera s a u
certain bonds issued by cities and towns to aid in the cons
0
railroads; and this exemption has been extended to new bonds issued
for the purpose of redeeming or providing a fund to redeem e ra
aid bonds above referred to. This exemption is found in ec ion ,
»
Chapter 241 of the Revised Statutes\(last clause of Section), and the
bonds there named are those “ issued by any town or city m aid of the
“ construction of the railroads of the Connecticut Western Railroad
“ Company, the New Haven Middletown & Willimantic Railroad Com“ pany, the Shepaug 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” of the State for that

State of Connecticut,
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)
.
. .
4,990
State C a p i t a l ....................................................... ........ Hartford
Governor (holding over)
- Morgan G. Bulkeley
Secretary of State (till Wed. after 1st Mon. Jan. ’93), In dispute
Treasurer (till Wed. after 1st Monday Jan. ’93), - In dispute
Legislature meets biennially in odd years on the Wednesday
following the first Monday in January. There is no limit on
the length of the session.

P O P U L A T IO N OF ST A T E -— As in the case of some of the other
New England States, the population in Connecticut during the last few
deoades has been growing faster than in the earlier decades. Between
1790 and 1800 the aggregate increased but very slightly, or from
237 946 to 251,002; during the next fifty years the total addition was
not quite 50 per cent, the 1850 Census showing a population o f
370,792. In the forty years since then, however, the population has
more than doubled, being reported for 1890, 746,258.
1 8 9 0 ............... 746,258 1860................460,147 1830.................297,675
1880.................622,700 1850................370,792 1820.................275,148
................ W m
1870.................537,454 1840............... 309,978 1810.................261,942
In the 1860-70 decade, the increase in numbers was 16-80 per cen t;
in 1870-80 15-86 per cen t; and in 1880-90 19-84 per cent.
SAVINGS BANKS INVESTMENTS—PRIVILEGES AND RESTRICT IONS —The statutory provisions regulating the investment or
the deposits of savings banks of Connecticut are mainly contained in
section 1800 of the General Statutes of the State. It seems that this
section was re-modeled and the usable list of securities enlarged in 1889.
The amending act was entitled “ An Act concerning Savings Banks, _
and is as follows. The separation into paragraphs and the figures in
brackets which number and begin the paragraphs, we have inserted so
that those who need to refer to or use any particular portion of the sec­
tion can more readily find the part desired; otherwise we give
the section as it reads and was passed, preserving even the punctua-

H IS T O R Y OF D E BT . —Connecticut’ s debt history is brief. ItsConstitution contains no prohibition against the contraction of debt by the
State, nor against the issues of bonds by the State, nor any restriction
whateverwithreferenceto creatingState obligations. Andyetwecannot
find that Connecticut has ever had any debt from the time of our Revolu­
tionary War down to our Civil War. July 1,1861, the State made its
first issue of bonds, the amount being $2,000,000 and the rate of inter­
est 6 per cent currency. On January 1,1863, on January 1,1864, on
October 1,1864, and on October 1,1865, further issues were made each
in like amount and bearing the same interest, and making the total in
debtedness at the latter date $10,000,000. The amount of these State
bonds outstanding on April 1,1869, was $7,622,500; on January 1,
1871, the amount was $6,899,200. The condition of Connecticut’ s debt
now is as follows’
Amount
,— Interest.— Outstand­
Principal,
LO A N S—
Rate
When
ing.
When Due.
N A M E A N D PU R PO SE.
P - Ot. Payable
*200
Oct. 1, 1885
War loan..................... 1865
May 1, 1897
500.000
Subject to call
do
renewal 1887
at any time.
500.000
Jan. 1, 1903
do
1,000,000
Jan. 1, 1903
do
1,740,000
Oct. 1, 1910
do
PAR V A L U E OF B O N D S — 'The bonds are all for $1,000 each.
IN T E R E S T — W H E R E P A Y A B L E — Interest on all bonds is payable
at the Stpte Treasury, Hartford, Conn.
T O T A L DEBT, S IN K IN G FUNDS, ETC.-The subjoined state­
ment shows Connecticut’ s total debt, and the civil lists deducted from
the same, on the first of July of each of the last two years.
1890.
1889.
Total funded debt................................................* 3’™>,|00
*3,740,200
Civil list funds.....................................................
897,b74
N etdebton ............. ........................................$2,842,526
$3,209,828
LIM IT A T IO N . —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 full :
■ , I
„
No County. City, Town, Borough or other Municipality, shall ever
»inscribed« the capital stock of Tny railroad
purchaser of the bonds, or mal e donation to, or loan itajcredit in aid or,




S U ffL E M S N T .

Section 1800 of the General Statutes is hereby amended to read as
follow s: Savings banks may employ
(1) Not exceeding half their deposits in making loans on persohal se"'rcsf^.nd in the purchase of the public stocks and bonds of the United
States of anv of the New England States, of the States of New York,
New Je?LT^eim sylvania, Ohio, Kentucky, Michigan, Indiana, Hlmois,
Wisconsin,yiowa, Minnesota, Missouri, Kansas, Nebraska, or Colorado,
or of the District of Columbia;
.
,o\ Tri fhp authorized bonds of any incorporated city in tne Mew
England States, of the cities of New York,
N ew ^ oik ^ S f l Utica, Troy, Rochester, and Buffalo m the State. oi New York^Phfiadel
phia in the State of Pennsylvania, Detroit in the State or Micnman ,
piavpIgth Columbus, Dayton, and Cincinnati in tn© otajc qi vnuo,
!
Chicago in the State of Hlinois; Milwaukee ip the State of Wisconsm,
and St. Louis in the State of Missouri;
(4) Or of any town or borough of this State;
(5) Or in the purchase o f the authorized bc^?s or promissory notes of
counties, cities, towns, boroughs, and school districts of this State,

oL tow l and* equity debts, does not e i^ e d ^ g h f per centmn of the valu­
ation of such property made for the assessment of taxes next preceding
smfifin vestmentfp ro v i (led said city has not defaulted payment of its
debt within fifteen years next preceding the passage of this a ct,
(7) Or the stock of any bank in this State, New York City, or B oston;
(8) Or the stock of any trust company in this State;
191 And the first mortgage bonds of any railroad company located in,
any of the States aforesaid, which has paid flividends of not less than
five per centum per annum regularly on its entire capital stock for a
period of not less than five years next previous to the purchase of such
bonds ^pracided said capital stock equals or exceeds m amount the
entire issue of said bonds;
,
n 01 Or the consolidated bonds of any railroad company mcorporated
bv this State, and authorized to issue such bonds to retire the enta«*
bonded debt of said company; provided, said company has paid
dividends, as aforesaid;
(111 And all other loans shall be secured by mortgage d f. nnitticumbered real estate in this State, worth doublethe amount of the loan
secured thereon; provided that the Stafford Savings Bank of the town
nf°Rtafford and the Stonington Savings Bank of the town of Stonirnrton may loan, the former on land located in the county of Hampden,
in ttnfstate of Massachusetts, the latter on land in the county ot Wash­
ington in the State of Rhode island.

October, 1891.

CONNECTICUT— CITIES A flO TOWNS,

It you ld seem according to the foregoing section (1800) that "n ot
*xceed%ng one-half” of the deposits of any savings hank may be employed
o n personal security and in the purchase of the bonds, obligations,
stocks and railroad mortgages specified; “ that another loans” (to the
extent presumably o f the other half o f the deposits) must be secured by
mortgage on unencumbered real estate, &c. In other words, here are
tw o classes of loans mentioned, each of which is entitled to one-half of
the deposits.
That is the division which section 1800 makes. But according to
section 1802 passed in 1887 the division thus made is materially chanaed,
Section 1802 is as foUows:
. 8e.°- *802. Loansand investments by savings banks in United States
town«’
n ° f tbi? 8tat.,e’ ° l
8
obligations of any of the counties,
roughs, and school districts of this State, or in the bonds
an7
the States or cities whose bonds savings banks are allowed bv
classed with loans upon real estate for the
estate86 °* < erm^ I1^
^e^
IU
Proportion of loans required upon such
I f we are to interpret the foregoing section (1802) as modifying in
legal effeot the previous section oited (1800), as it apparently does,
then the half of the deposits referred to first in section 1800 “ may”
now be employed wholly (1) on personal security, (2) for investment
in the stock of any bank in Connecticut, in New York City, or in Bos­
ton, (3) in the stock of any trust oompany in Connecticut, or (4) in the
first mortgage bonds of any railroad which has paid the required divi­
dends and is located in the States nam ed; while the other half of the
deposits must (“ shall” ) be put out (1) on mortgage on unencumbered
real estate, etc., or (2) invested in the securities referred to in section
1802.
It is a curious fact, however, that when section 1800 of the General
Statutes was remodeled in June, 1889, and put into the shape in
which it appears above, that section 1802 was a part of these
General Statutes, haying been passed in 1887. Consequently when the
Legislature was making the division as to investments provided in sec­
tion 1800, there was in a following section another division which
nullified in an important particular the division then being made.
The subjoined sections, 1803,1804,1805 and 1806, provide certain
restrictions with reference to loans—section 1803 restricting loans on
Mortgage Security to Manufacturing Corporations and Ecclesiastical
Societies; section 1804 restricting amount of loans on Personal Secur­
ity ; section 1805 forbidding loans on single-name paper.
shaU b<? n}ad£
any savings bank to a manun
lr+ h f i ratIon or ecclesiastical society, secured by mortgage
iTSii^irinQirn iop e+ y’ anl688 tbe same shall be accompanied by the
.p
^
0f 80P e responsible party or parties, or by other
.8eo^rity of equal value to the amount of the sum loaned,
+ e2i°r8 or i r!lstee8 ° f any suoh bank consenting to any loan
S ^ ra ry
the provisions of this section shall be held individually
responsible to the full extent of suoh loan.
y

tinm*of1
maWng such\oan°^ ^
^
P6r Cent ° f its ^6posits at the’
No savings bank shall buy, or lend any money upon, any
which only one person or firm shall be holden, without
taking additional security for the same equivalent to the guarantv or
indorsement of some other responsible party.
guaranty or
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 which is con­
tained in Section 1806 below.
° 6'—

any l° ap or investment is made by any savings
° f the directors or trustees consenting thereto shall be
fftt thArt C d8r f said bank, and said record shall be at all
f
if a £ ? o ° r . thei ™sP°cti° n. of the corporators and auditors of said
°
tnith of tii© statements therein contained. prim a facie evidence of the
c+
miEi1881- ner8,ian<i be
o
triitn.

T R U S T F U N D S— H O W LO A N E D O R IN V E S T E D — We find in
Section 495 of the General Statutes the following liberal provisions
providing that trust funds may be loaned or invested in the same
securities savings banks are authorized to invest in.
unl?88,it is otherwise provided in the instru
ment creating the trust, may be loaned on the security of mortgages on
estate in this State, double in value the amount
o f This T o T L PT fnvest? d m s,1.ch mortgages or in the bonds or loans
J S T of any town, city, or borough of this State, or in any
m b or
.8e°oritle8 which the savings banks in this State
, r P ? 7 ,bo. authorized by law to invest in, or may be deposited in
o
savings banks incorporated by this State.
p
m

B A N K S — N A T IO N A L, S T A T E A N D S A V IN G S IN S T IT U T IO N S .
There has been no change in the number of banks, either State or
national, since 1885, and while the amount of capital in the interval
has decreased somewhat, both deposits and surplus have increased the
latter very decidedly.
- ——— 1890-91.------------------------ 1885.------------ ,
_
National.
State.
National.
State.
Connecticut.
(July 9, >91.) (0c#.l,>90.) (Dec. 24.)
(Oct. 1.)
Number of banks..........
84
8
84
' g ;
Capital . . . . . .
........ $23,274,370 $2,340,000 $24,921,820 $2,500,000
Surplus and profits....... 9,729,095
621,908
9,008,793
417 657
Deposits, individual... 31,567,757 4,053,302 24,596,704 3,318,233

Cities , Counties

39
and

T owns

IN THE

S T A T E OF C O N N E C T IC U T .
The relation which the towns, cities and boroughs of this State bear
to one another is peculiar, and requires a word of explanation. The
State is divided into eight counties (having an indebtedness of only
$63,343), and these counties are made up of towns, numbering in the
aggregate 167. The towns are the civil unit, and on the assessed valua­
tion (which is called the “ Grand List) of each town ” is levied the
tax for State purposes as well as the tax for town expenditures. The
towns on October 1,1888, had a total indebtedness, as appears from
the table appended, of $10,714,714, of which $8,052,767 was funded.
Within the town is often situated a city or a borough, or both,
all of which may at the same time have bonds outstand­
ing.
There are ten cities, each with one exception bearing
the same name as the town in which it lies. Thus Hartford city is situ
ated in Hartford town and includes all but a few hundred of the town’ s
Inhabitants, but town and city have a separate corporate existence and
each issues its own bonds. New London town and city are precisely
coextensive, and Bridgeport town and city have recently been con­
solidated. In general, however, town and city are distinot, New Haven
city, for instance, making no mention in its financial report of the debt
of New Haven town, though there is little difference in the extent of
town and city. The city indebtedness of the whole State, as indicated
below, is $6,977,885.
The borough stands in about the same relation to the town as does
the city. In Norwalk town we find both the borough o f Norwalk and
the city of South Norwalk. There are 22 boroughs and they have an
indebtedness of $1,636,862. The subjoined statement gives the total
debts, etc., October 1,1888, of all the towns, cities and boroughs and
counties in Connecticut, and the grand list October 1, 1887.
SUMMARY OE MUNICH>A INDEBTEDNESS, ASSESSED VALUATION, < .
L
fcC
Towns by Total fum'd Total float- Total
Am’ l raised Grand list
Counties.
indebt.
debt.
debt.
by taxation. Oct. 1,1887.
Hartford ..$2,053,298 $789,036 $2,842,335 $771,583 $88,771,135
New Haven 1,351,539
536,274
1,887,813 655,546 94,846,235
N. London. 1,232,827
272,512
1,505,339 429,848 39,339,079
Fairfield. ..
941,919
452,229
1,394,147 606,041 59,801,499
Windham..
50,100
1§2,511
232,611 183,033 16,870,363
Litchfield..
591,584
138,011
729,596 334,040 25,913,045
Middlesex.. 1,666,500
182,709
1,849,209 287,565 18,914,105
Tolland.......
165,000
108,664
273,664 123,587
8,340,465
-Ï
Towns........$8,052,767 $2,661,946 $10,714,714 $3,391 2438352 7Q
C ities........ 6,284,076
693,809 6 977 885 1 667 A87
* 95,926
Boroughs.. 1,232,975
403.887 l ^ l l e l
182!431
..................
Counties.......................
........
63,343
28,986
Total
$15,569,818 $3,759,642 $19,392,804 $5,270,147$352,795,946
The grand list as determined for the town is used by both the
city and the borough in levying taxes, the city, for instance, putting a
tax of its own on its share of the total grand list of the town. This tax
is additional to the town tax. In some instances the schools are in the
charge of school districts, which also are empowered to issue bonds
and to levy a tax, so that to cover the total tax paid by a city it is
necessary to take into account the State, town, city and school district
levies. In the statements which follow we give under one heading the
town and city, wherever they bear the same name, for though distinot
corporations, their debts are to a greater or less extent the debts of a
single community.

A N N U A L R E V E N U E , E t c .— From the tax on the town grand list
as given above, the State in the year ending June 30,1890 received
$354,555. All the receipts of the State for that year are shown in the
following statement, which is chiefly interesting as showing the amount
received under the new investment tax law. This law provides that the
holder of any bonds and other evidences of debt may register them
with the State Treasurer, after which they shall be subject to a State
tax but to no local taxation whatsoever. The securities registered
under this act on June 30,1890, amounted to $33,654,335 and^the tax
thereon yielded $129,452. In the year 1889-90 the State’ s income w a s :
Taxontelegr’ph co’s.
$10,555 00 Misc’laneous rec’pts $155,422 00
Taxes from towns :
Tax on railroads.......
772,678 64
By State t a x .........
354,557 65 Corp. franchise ta x ..
275,000 00
By military com­
Taxon investments.
129,452 06
mutation ta x ___
119,691 80 Col. inherit’nce ta x ..
14,600 42
Tax on savings b’ks..
246,799 87 Amt. reed, f ’m towns
Tax on non-resident
forH artfdBdge.Co
126,000 00
stock.......................
84,781 60
Taxon mutual insur­
ance companies...
241,439 63
T o t a l................. $2,261,202 00
The payments were as follows :
Civil list orders........ $1,493,86119 Miscellaneous— ....
$4,609 00
Registered orders...
273,230 38
Inter, on State bonds.
122,200 00
Total.................... $1,893,900 83

A S S E S S E D V A L U A T IO N . —The total assessed valuation of the
The 92 national and State banks thus have an aggregate capital of towns and the tax rate thereon have been as follow s:
$25,614,370, aggregate deposits of $35,621,059, and surplus and un­ T n
V
Town
Bate o f Tax
divided profits of $10,351,003. In addition there were 8 loan and 18S8 itair nf 1S«Q\
Grand List. per $1,000.
(tax of 1889)............................................$354,557,515
trust companies October, 1890, with $1,036,600 capital, $3,553,441
$1-00
352,795,928
1-25
deposits and $433,729 surplus. In savings bank deposits the State IS S l..........................................................
.......- ................|........................................... 349,177,597
200
holds a prominent place for large totals, as may be seen from the fol­
lowing:
o •
— ,
1890.
1885.
1880.
1876
Savings Banks.
Oet. 1.
Oct. 1.
Oct 1
T an
No. o f banks............
86
84
85 *
87*’
No. of depositors...
805,863
256,097
213 913
208 0«<l
Amt. o f deposits... .$116,406,675 $92,481,425 $76,518’,571 $76,489*310
Surplus and profits.
6,936,455
4,602,876
3 254 566
2,392 500
Av. each deposit...
381
361
358
368

A N S O N I A . — F red M. D rew , Treasurer.

This borough is in the town of Derby (which see) and in the county
of New Haven, being 10 miles west of the city of New Haven.
I LOANSWhen Due. Tax valuation 1887___$4,543,458
Street and Sew er B onds—
B o r o u g h t a x (p e r
Amount $75,000...............due 1908
S i’OOO)..........-........... I
$5-00
Since 1880, it will be observed, deposits have grown from $76,518,- Floating debt.................
$21,000 Town tax (per $1,000).
$10-00
96,000Population m 1890 w as.. ; . . . _____
571 to $116,406,675, while the number of depositors has risenfrom Total debt 1890.................
R esources.......................
22,312
Population in 1880 was........ 3,855
913,913 to no less than 305,863.
Net<^ebt..;.........................
73,688




Vol. L IIL

*

40
C H A T H A M .—

B I R M I N G H A M . — A . J. E w e n , Clerk.

This town is in Middlesex County on the Boston & New York Air Line'
Birmingham like Ansonia is a borough situated in the town of Derby,
New Haven County, about 10 miles west of New Haven. It has good R. R., 9 miles east of Middletown.
,— Interest.— ,
Amount
ailway and water transportation facilities.
l HAN«5—
Rate
When
P.incipal,
OutstandInterest.__ >
Amount
NAME AND PURPOSE.
P. Ct. Payable. When true.
ing.
i oam q—
Bate
When
Principal,
Outstand- Railroad bonds............. . . . ...............................
1891 to 1904 $133,300NAM E^TuRPOSE
P. Ct. Payable. W h e n c e .
^
T O T A L D EBT.—Total debt at the date of our latest returns was
Bewer and Are depar. bonds...........................
1908
$ou,uuu
$138,161, of which $4,861 was floating.
T O T A L D EBT.—Total debt at date of our latest returns, $60,000.
ASSESSED VALUATION.—The total assessed valuation in October,
ASSESSED VA L U A TIO N —Total assessed valuation of the town
o f Derby, in which this borough is situated, was in October, 1889 (tax 1889 (tax of 1888) was $640,307; tax rate, $30-00 per $1,000.
POPULATION.—Population in 1890 was 1,949; in 1880 was 1,967;.
of 1890), $1,798,727. Borough tax rate, $7*00 per $1,000, and town
in 1870 was 2,771.
tax rate, $10-00 per $1,000.
POPULATION.—Population in 1890 was 4,413; in 1880 it was
3,026; in 1870 it was 2,103.

C O L C H E S T E R . — P. R . Strong , Town Clerk.

This town is situated in New London County, 14 miles west of
Norwich.
Amount
,— Interest.— ,
This town is situated in Hartford County about 5 ^ miles northwest
Outstand­
Pate
When
Principal,
LOANS—
ing.
P. Ct. Payable. When Due.
o f Hartford
_____
__
Amount
NAME AND PURPOSE.
,— Interest.— $65,000
..
......
1892 to 1902
Outstand­ Town bonds.................
Principal
i nAMQ—
Rate.
When
ing.
When. Due
uAMCAwn purpose
P. Ct. PayaUe
-j-Q-j— d e b t —The total debt at date of our latest returns wasKaUroad bonds........'.......................................... 1891 to 1904
$74,000 $75,557, of which $10,558 floating.
—o t a l DEBT, E t c .—Total debt at the date of our latest returns
t
ASSESSED VALUATION—The town’ s grand list in October, 1889was $79,000, of which $5,000 was floating debt.
(tax of 1888), was $1,012,308; tax rate, $15-00 per $1,000.
ASSESSED VALUATION.—The grand list of October 1,1889 (tax
POPULATION—The population, including Colchester borough, in
of 1888), was $743,341; tax rate $16-00 per $1,000.
1890 was 2,988; in 1880 it was 2,974 ; in 1870 it was 3,383.
PO PULATION.—Population in 1890 was 1,308; in 1880 was 1,346;
in 1870 was 1,473.

B L O O M F I E L D .—

D A N B U R Y
B R I D G E P O R T . — R obert E . D e F orest, Mayor.
Bridgeport is in Fairfield County. In 1889-90 the town and city of
Bridgeport were consolidated, the city assuming the town’s debt. This
accounts for the apparent large increase in indebtedness in 1890. The
city’s charter now forbids any increase of debt.
Amount
,— Interest.— ,
Outstand­
Principal,
I DANS—
Rate When
ing.
When Due.
N A M E A N D PU R PO SE.
P- Ct. Payable.
$175,000
July 1, 1891
City funding bonds............ 7
J & J
150.000
July 1, 1900
do
do
.............. 7
J & J
150.000
July 1, 1908
Municipal bonds........ ------ £
J « J
125.000
July 1, 1915
do
do .......1 8 8 5 3*2 J & J
400.000
July. 1, 1919
Corporate bonds.......1889 4
J & J
93,000
........
City notes..................-........ 5
( July’
19181
150.000
t subject to call >
Court-House (town bonds). 4*2 J & J
(Ju ly 1, 1903)
(June 1, 19101
150.000
J & J J subject to call >
do
do
( June 1, 1900)
290.000
Tow nnotes.......------_ |
19,000
Borough of West Stratford) 5
3,000
notes........................... . . . . j 4
T O T A L DEBT, SINKING FUNDS, ETC.-Thesubjoined statement
shows Bridgeport’ s total debt and the sinking fund held by the city
« gainst the same in 1890 and 1891.
,
*J|j
1891.
$i,ooo?ooo
Total city funded debt.................................... ^1’°QQ,nnn
93,000
do
floating debt........................... ----300.000
Total town funded debt...................................
„VJi’Jw i
w
312.000
312,000
do
floating debt, etc......................
Total city debt............................................ non
Sinking funds....................................................
19o>
000

$1,705,000
186,896
$1,515,104

Net debt................................ - .................... $1,510,000
Of the sinking fund as given above for 1891 $144,000 was held for
city debt and $51,000 for town debt. It is invested principally in city
bonds and demand notes.
CITY PR O P E R TY .—The city owns property (parks, buildings, etc.)
which it values at $1,037.720.
Q£g-|- LIMITATION.—The city’s debt having increased rather rap­
idly an amendment to the charter was secured absolutely forbidding
« th e contraction of any liabilities beyond the revenues already pro­
vided.”
ASSESSED VALUATION.—The city’ s assessed valuation has been
as follows:
TOTAL GRAND LIST.
Years.
1890
$24,012,457 1880...............................$11,626,267
12,139,873
I qqq.............
21,942,142 1 8 7 0 ............
7,988,442
I qqq............................. 16,764,414 1860..........
1887.'.'.*’ ’. ’. '. ! . ............. 16,110,855
In 1890 the grand list consisted of real estate, $18,538,102; personal
property, $5,474,355. The tax rate for 1891 was $22-00 (per $1,000)
on $22,627,739 of the grand list for 1890 and $11-50 (per $1,000) on
the remaining $1,384,718 of the same.
POPULATION.—In l 890 population was 48,856; in 1880 it was
27,643 (including town, 29,148); in 1870 it was 18,969.

B R I S T O L . — 0 . S. T

readw ay

, Treasurer.

This town is situated in Hartford County about 18 miles southwest
o f Hartford.

$82,000
LO AN S—
When Due. Bonded debt 1891........
Floating debt.................
16,595
F unding B onds—
Total debt.......................
98,595
4 s , J&J, $50,000. . . . . . Jan. 2,1893
Sinking funds.................
9,710
(part each. 5th year) to Jan.2,190o Net debt Sept. 1,1891..
88,885
HIGH SCHOOL BONDS—
Tax valuation 1890— 3,345,584
4s, J&J, $3 2 ,ooo......Jan. 1,1896 Town tax (per $1,000).
$15-00
(parteach5thyear) to Jan. 1,1911
1890 was....... ,7,382
Interest paid at Bristol Nat. Bk. Population in 1880 was.........5,347
Population in
Population in 1870 was— „.3,788




(City

and Town.)— L.

L egrand ,

Mayor.
The City of Danbury is situated in Danbury town, Fairfield County, at
the northern terminus of the Danbury & Norwalk RR. It is a prosper­
ous place, having large sums invested in the manufacture of hats. The
town and borough are separate corporations The debts of both aregiven below.
Amount
,—-Interest.—
Outstand­
Principal.
LO A N S—
Raie
When
ing.
P. Ct. Payable. When Due.
NAME AND PURPOSE.
B orough D e b t :
1891 to 1912 $232,000Streets..................................... I
Water works..........................)
158,000
Notes........... ...............................
TOWN DEBT:
19,000
$3,000 yearly
Town hall bonds.......................
25,784
Notes................... . -................
DEBT.—The borough’s total debt at the date of our latest
returns was $390,000, of which $158,000 was floating.
The town’ s total debt was $50,784, of which $25,784 was floatmgd6! L c c c F n VALUATION.—The town’ s assessed valuation in 1889
* i o o ° « » * $ i '000- Tiu>
borough’ s tax rate was $7-50 per $1,000.
POPULATION.—The population of the town in 1890 was 16,552;.
in 1880 was 11,666; in 1870 was 8,753.

D E R B Y . — C h a r l e s E . C l a r k , Treasurer.
The town of Derby is situated in New Haven County, on the Nauga­
tuck and New Haven & Derby RRs. In it are located the village o f
Derby and the boroughs of Ansonia and Birmingham. The latter tw o
have debts of their own, as shown under their own names.
-rriTAI DEBT is in the shape of town orders; average rate of intere J 2 P « c S ! »mount outetandlng October 1,1890, was *32,677
deduct assets, $3,576; net debt $29 101
a q c c q q f d VALUATION on the 1st of October, 1890, of real estate
was $1 398,453; of personal property, $515,646; total, $1,914,099;
town tax (per $1,000), $10-00. The grand list of October, 1887 (tax o f
1888), was $4,543,458; tax rate, $10-00 per $1,000.
o n PI IL AT ION.—Population (including borough of Birmingham) in
1890 was 5,969; in 1880 (including boroughs of Ansonia and Birming­
ham was 11,650; in 1870 was 8,020.

F A I R F I E L D .—
Fairfield is in the county of same name, on the New York New
Haven ^& Hartford Railroad, 22 mUes southwest of New Haven.
Since 1870 a part of the town has been merged m the city of Bridge­
port.

LO A N S—

NAME AND PURPOSE.
War, etc. bonds..................

P a teterwhen
Principal,
P. Ct. Payable. When Due.
........ 1894 to 1905

Amount
Outstand­
ing.
$56,000

The total debt at the date of our latest
returns^vas $70,444, of which $14,444 was floating debt.
a c c f w f d VALUATION.—The assessed valuation in October,
1887 (tax of 1888) was $2,249,963; tax rate (per $1,000) $12-00.
POPULATION.—The population in 1890 was 3,868; in 1880 was3,748 ; in 1870 was 5,645.

G R E E N W I C H . — J a m e s R. M

ead

, Town Clerk,

This town is in Fairfield County, on the New York New Haven &:
Hartford Railroad, 30 miles from New York City.

October, 1891.

CONNECTICUT— CITIES ¿ N O TOWNS.

41

• ana. . »
A aa LOANS—
. .

'— Interest.— .
Amount
Bate
When
, Treasurer.
Principal,
Outstand­ L I T C H F I E L D . —
N A M E A N D PU R PO SE. P. Ot. Payable. When Due.
ing.
Litchfield Village, situated in this town, is the capital of Litchfield
Town bonds................ .
4
t a- t
T It- 1 iqq ? $165,000
h t
County. It is the Northern terminus of the Shepaug RR.
Town notes............. " i " ........... t a
July ** 1897
35,000
Borough notes....................... ** - ..................
........
............
-Interest.— .
Amount
On demand
.................
14,090
LOANSBate
When
Principal,
OutstandIN T E R E S T — W H E R E P A Y A B LE .— Interest is paid at Town Treas­ N A M E A N D PU R PO SE.
P . Ot, Payable.
When Due.
ina.
ury.
Railroad, town hall, &c., bonds ..
......
1896 to 1911
$80,000

T O T A L D E B T — The town’s total funded debt October 1,1890, was
$165,000; other debt about $35,000. The borough on October 1, 1888
had a total debt of $14,590, payable on demand.
A S S E S S E D VALUATION.-$The town’s assessed valuation in 1889
was $4,767,707; tax rate, $12-50 per $1,000. In 1888 grand list was
$4,533,805; in 1887 it was $4,347,929; tax rate, $12-50 per $1,000
Borough tax, $5-00 per $1,000.

P O P U LA T IO N . Population of town, including borough, in 1890
was 10,133; in 1880 was 7,892; in 1870 was 7,644.
Population o f borough in 1890 w a s--------; in 1880 was 942.

G R O T O N . — J. 0 . F is h , Treasurer.
Groton is in New London County, on the east bank of the river
Thames, opposite the City of New London.
—
Interest.—
Amount
LO ANSBate
When
Principal,
Outstand­
N A M E A N D PU R PO SE.
P. Ot. Payable.
When Due.
ing.
f Apr. 1892-1896,;
War debt......................... . 0
A & O> smaU amounts
<
$9,000
(
yearly.
¡May 1899 to 1915)
Refunding
..................... 4
M & N. every other year > 45,000
•
l
$5,000.
)
INTER EST—W HERE PAY A B L E—Interest on the 6s is paid by the
Mystic River National Bank at Mystic; on the 4s by the Town Treas­
urer.
T O T A L DEBT—Total funded debt September 1, 1891, $54,000;
floating debt was $26,163, total debt, $180,163.
ASSESSED VALUATION—In 1890, assessed valuation (from ^ t o ^
of actual value) of real estate was $1,494,439; personal property,
$426,723; total, $1,921,262; tax rate, $12-50 per $1,000. In 1888
grand list was $1,838,117.

P O P U L A T IO N .— Population in 1890 was 5,5 3 9 ; in 1880 it was
5,128; in 1870 it was 5,124.

H A R T F O R D . — H e n r y 0 . D w ig h t , Mayor.
The town and city of Hartford, in the county of the same name
although nearly co-extensive, have separate governments and separate
debts. The debts of both are given below. In January, 1891, $500,000 railroad aid bonds issued by the city matured and were paid with
the “ city fund,” thus reducing both the city’ s debt and its assets held
against the same.
.
LO AN S—
N A M E A N D PU R PO SE.

. Interest .— ,
—
Bate When
P. Gt. Payable,

Principal
When ue.

Amount
Outstand­
ing.

T O T A L D EBT , Et c .—The total debt at the date of our latest re­
turn was $89,000, of which $9,000 was floating.
A S S E S S E D V A LU A T IO N . —The total assessed valuation in October,
1889 (tax of 1888) was $2,010,812; tax rate $15*00 per $1,000.
P O P U LA T IO N .— Population, including borough, in 1890 was 3,304in 1880 was 3,410; in 1870 was 3,113.

M E R I D E N (Town and City).— B e n j a m in P a g e ,
M ayor; H e r m a n H ess, Town Clerk.
Meriden is in New Haven County.
This city has of late managed its finances with care, having reduced
its debt from $470,204 on December 1,1879, to $282,582 on December
1,1890. A t the same time the population has increased about 40 per
.— Interest.— ,
Amount
Bale
When
Principal,
Outstand­
P. Gt. Payable. When Due.
ing.
City of M eriden B onds—
City improve’t bonds. 1876 6
J & J July, 1891 to ’99 ; $90,000
Notes.........................................
......... 1 $10,000 yearly ;
5,000
Waterbonds................... 313 J & b
J u n e,........
200,000
Town of Meriden B onds—
War and High School.............
1891 to 1912
300,000
IN T E R E S T - W H E R E PAYABLE. -Interest on bonds is payable in
New York at Fourth National Bank.

LO ANS-

N A M E A N D PU RPO SE.

T O T A L DEBT, Et c —On December 1,1890, the city’s totalliabili.
ties (including water debt of $200,000) were $395,900; deduct cash in
treasury, $645, and cash field by water department, $12,672; balance
net debt, $282,583; against $305,491 on December 1,1889.
The town’s total debt on October 1,1890, was $320,000, of which
$20,000 was floating; on October 1,1888, total debt was $340,000 o f
which $20,000 was floating.

A S S E S S E D V A LU A T IO N .— Assessed valuation in 1890 was $ 1 0 646,733; tax rate (per $1,000), $11-00. The town of Meriden in 1890
had a grand list of $12,091,220, against $10,408,442 in 1887 • tax
rate in 1887, $10-00 per $1,000.
P O P U L A T IO N .— Population of Meriden City in 1890 was 21 652 in 1880 was 15,540.
Population of Meriden town, including the city, was in 1890 25 423in 1880, 18,340; in 1870, 10,495.

M I D D L E F I E L D .—

This town is in Middlesex County, on the Boston & New York Air
Line Railroad, 19 miles northeast of New Haven.
City of H artford D e b t :
Amount
.—-Interest.--- ,
Capitol, 1872..................... 6 J & J
Jan. 1, 1897
$1,000,000
Bate When
Principal,
OutstandFunded debt............ 1868 6
J & J
Jan. 1, 1893
300.000 N A M E LO A N S R PO SE.
AND PU
P. Ot. Payable. When Due.
ina
Temporary loans............... 5
var.
Demand
289,8440 Railroad bonds.................................................. part yearly.
$54,500
Water...............................
0J & J
July 1, 1891
100.000
do ..........................; ; ; ; ; 0
J & J
Jan. 1, 1893
125.000
T O T A L DEBT.—Total debt Oct. 1, 1891, was $56,008, of which
do .................................... 0 J & J
Jan. 1, 1895
100.000 $1,508 was floating.
do .................................... 0 F & A
Aug. 1, 1900
202,000
do .................................... 5 J & J
July 1, 1906
120,000
A S S E S S E D V A LU A T IO N .— The total assessed valuation in October,
do ........................................
105.000 1890 (tax of 1891), was $547,036; tax rate, $17-00 per $1,000.
Town of H artford D ebt :
Consolidated,* 1889.......... 3
J
July 1, 1909
750.000
POPULATION.—Population in 1890 was 1,002; in 1880 was 928
Refunding,* 1890............
3
J
Jan. 1, 1910
500.000 in 1870 was 1,053.
T 5 Jan. 1,1892-1894 >
War, 1863............................ 0
30,000
( $ 10,000 yearly. $
Town notes.............
42,681
* Non-taxable.

M I D D L E T O W N . — C. R. L e w is , Mayor.

Middletown City is situated on the Connecticut River, in the town o f

PAR V A L U E O F BONDS.- -The city’ s bonds are all for $1,000 Middletown, Middlesex County. It is well supplied with railroad facili­
each.

ties and is a place of some importance. The city and town are dis­

IN T E R E S T

W H E R E P A Y A BLE .— The city bonds all have interest tinct corporations, the city being a portion of the town. The debts o f

payable at the city treasury; the town bonds at the town treasury.

both are given below :

.— Interest.— ,
Amount
LO ANSBate
When
Principal,
Outstand­
ment shows Hartford’s total municipal debt, the sinking fund held by N A M E A N D PU RPO SE.
P . Gt. Payable.
When Due.
ing.
the city against the same, the water debt, and the city’s floating debt,
City of Middletown D ebt :
A & O Oct. 1, 1894
on the first o f April, 1890 and 1891; also the town’s debt and sinking Funded debt bonds, 1874........ 7
$25,000
do do (reissued), 1889. 4
A & O Oct. 1, 1909
25.000
fund on October 1,1890, and on October 1,1886, four years before.
do
do 1884..................... 4
M & N Nov. 1, 1914
25.000
Sewer bonds, 1872-74............... 6
■PPPP . J P P
1891.
1890.
J & D Dec. 1, 1901
53.000
Total debt (including water debt)................. $2,341,844
$2,879,883 Water bonds, 1866-72............... 6
J & J Jan. 1, 1896
64.000
Assets (see below).......... ............. ..................
551 191
do
do 1883.................
4
986,765
M & N May 1, 1908
20.000
do
do 1885..................... 3-65 J & J July 1, 1915
55,000
w , £ et,,°lt7-dei)t M April 1 ............................. $1,790,652
$1,883,118 Town of Middletown D ebt .
Water debt included above..............................
752,000
797 ooo Railroad bonds_______ . . . . . . . . ___
952,000
Temporary loans included above...................
289,844
282*883 Notes................ ..............
105,910
1390
i QQfj
T O T A L D EBT , ETC.— Total city debt January 1,1890, was $278,
Sintkbiti? ^ ^ bi+(additi0Ilal) - -- -- - - .........*- - ’
$1,974,908
oinking funds, etc.............. ............_.................-$1.323,681
238,642
772,149 000, of which $139,000 for water and $11,000 floating d eb t; water
debt sinking fund $10,004. Total town debt October 1, 1888, was
Net town debt on October 1 ..................... $1,085,039
1,202,759
The city’s assets as given above for 1891, include sinking fund $1,057,910, of which $105,910 was floating. ’
proper $444,143; other assets, $107,049.
W A T E R W O R K S —Receipts of water department in 1889 were $22,A S S E S S E D V A LU A T IO N . —The city’s assessed valuation and tax 938; expenses, $7,314; interest on water loan, $6,647; net earnings,
$8,977; deduct for water used for public purposes, $3,077; balance,
rate have been as follow s:
$5,900.
Tax Bate. Beal Estate. Personal Property.
Total.
Tax Bate.
1890............. $30,596,238
$16,629,086
A S S E S S E D V A L U A T IO N — Grand list city for 1889 was about
$47)225,324
$20-50
1889.......
30,171,885
16,048,479
46,2201364
20-50 $5,700,000. In 1888 the town of Middletown had a grand list of $8,1888............. 27,847,349
19,500,122
47)347471
20-50 225,655 and a tax rate of $16-00 per $1,000.
P O P U L A T IO N .— Inl890population o f the town, including the city,
P O P U L A T IO N — Population of Middletown City in 1890 was 9,018;
was 53,230; in 1880 it was 42,553; in 1870 it was 37,743. The popu­ in 1880 it was 6,826; in 1870 it was 6,923.
lation of the city in 1890 was 53,182; in 1880 was 42,015; in 1870 was
Population of town, including city, in 1890 was 15,205; in 1880 was
37,180.
11,732; in 1870 11,126.
3

T O T A L D E BT , S IN K IN G FUNDS, Et c .—The subjoined state­




M I L F O R D .—

, Treasurer.

Milford is in New Haven County, on the New York New Haven &
H artford Railroad, 10 miles southwest of New Haven.
-Interest. .
.4 mount
i nAM Q—
Rate
When
Principal,
Outstand„ aMCANni purpose
P. Cl. Payable. When Due.
mg.
N A M E AND PUKKU&t.
»
, 0_Q „ ions;
«4.1 500
War, school, etc., bonds.................... - - - - 1898 & 190o
v41’
D EBT.—The town’ s total debt at the date of our latest
««turns was $52,161, of which $10,662 was floating.
ASSESSED VALUATION.—The town’s assessed valuation in 1887
<tax of 1888) was $1,162,430; tax rate, $6-00 per $1,000.
PO PU LATIO N .—Population in 1890 was 3,811; in 1880 was 3,347 ;
I n 1870 was 3,405.

N A U G A T U C K . - E . C. B a r n u m , Treasurer.

— Interest.— ,
Rate
When
Principal,
P. •
Ct. Payable. . Feb.1,’95 tO 1904)
When Due.
NAME AND PUKrOot*
City sewerage............1883 3*a F & A ^ $15,000 yearly 5
.
T . T <J a n .l,1 9 1 0 to ’20>
J & J } ----------- u yearly. * 100,000
Library*...................... 1890 4
$10,000 jj 150.000
July 2, 1897
Municipal................... 1877 4
J & J
New H aven City School D istrict—
5 A u g.l,1 90 9 to’20; 230.000
Bonds....................... 1889.0 4
F & A ( $20,000 yearly. ;
T own of New H aven D ebt—
5July 1,1910 t o ’ 29; 500.000
Air Line RR. bonds.. .1889 3 ^ J & J
60,000
1897 to 1907
M & fr
.1887 4
200.000
1899 to 1909
.1889 313 j & j
Funding bonds.
1940,
100,000
Park bonds..................1890 3*2 j & j | subject to call
1890
1910
100,000
........... 1902
M & N
4
40.000
1891 & 1892
J & J
6
41,400
1895 to 1905
J & J
1........ 6
do
80.000
var. various.
LOANS—

name and

pu rpo se.

This town is in New Haven County on the Naugatuck RR., 22 miles
1#y rail from New Haven.
* Exempt from taxation.
Amount
- T fpp t. — >
/» v .s —
Outstand­
Pate
When
Principal,
PAR V A L U E OF BONDS.—The bonds are all for $1,000 each
LO A N S—
ing.
P. Ot. Payable. When Due.
N A M E A N D PU RPO SE.
$37,533 except the town war bonds, part of which are for $200 and $500.
......
1891 to 1902
T ow n hall, etc..................
43,356
IN T E R E S T — W H E R E PA Y A B LE . —Interest on all issues is paid at
N otes.................................
T O T A L D EBT , Et c . -Total debt at the date of our latest returns the City Treasury, except that interest on the school district bonds
is payable at the Mechanics’ Bank at present.
w as $80,889.
A S SE SS E D V A LU A T IO N .— The town’ s grand list in October, 1889
T O T A L D EBT , S IN K IN G FUND, Etc .—The subjoined statement
shows New Haven’ s total municipal debt and sinking fund held by the
-<tax of 1888) was $2,004,578 ; ta± rate $15-00 per $1,000.
PO PU LATIO N .—The population in 1890 was 6,218 ; in 1880 was city against the same on the 1st of December of each of the last two
years; also the town debt on October 31.
ig g o
4,274 ; in 1870 was 2,830.
1889.
$1,010,000
Total funded debt of city................................... $L274,000
431,398
Sinking fund, etc............................................
561,700
$578,602
N E W B R I T A I N . — S. H oyt P e a s e , Mayor.
Net debt on January 1 .............................. - - $712,300
$946,400
oitv Of New Britain is an enterprising municipality, with exten­ Total funded debt of tow n.....................................................
167,729
..........................................
Floating debt....................- ................................
............
sive manufactures. It is situated in Hartford County, on the New
.......................
............
$1,114,129
Britain branch of the New York New Haven & Hartford Railroad, ten
Total town debt October 3 1...........................................
mUes from Hartford. The town of New Britain, of which it forms a
A S S E S S E D VALUATION.—The city’ s assessed valuation and tax
part, is a separate corporation and has a debt of its own. as appears rate have been approximately as follows, real estate bein; taken at
“ about 80 per cent actual value
b e lo w .
Interest.—
Amount
Total
Pate o f Tax
Personal
Pate
When
Principal,
OutstandPeal
Valuation, per $1,000.
lo ans—
Property.
P. Ot. Payable. When Due.
ing.
Years.
Estate.
(N A M E A N D PU R PO SE.
$52,171,131
$19-50
$11,501,148
1890.................$40,669,983
50,353,855
........
City of N ew B ritain D ebt :
July 1, 1899 $130,000 1888....................................49,565,988
........
Sew er bonds.............................. J
20,000 1887.......................................
July 1, 1899
47,731,262
........
do
............................... %
15.000 1880.......................................
July 1, 1913
do
............................... 7
15.000
July 1, 1913
POPULATION.—In 1890 population was 85,981; in 1880 it was
City bonds.................................. ’
50.000
July 1, 1894
Water bonds.............................. ‘
25.000 62,882; in 1870 it was 50,840.
July 1, 1896
do
.............................. Z
46.000
July 1, 1898
do
.............................. I
30.000
July 1, 1909
do
20.000
July 1, 1909
.......4
do
N E W L O N D O N — G eorge F. T in k e r , Mayor.
T own of New B ritain D ebt :
1894 & 1911
175,000
■Town bonds...............................................
The bonds of New London are chiefly held by savings banks. The
T H T A L D EBT.—The total city debt on April 1,1891, was $352,500, town and city are under one government and the following statement
Including water debt $171,000, and floating debt $1,500. The sinking includes both.
Amount
.— Interest.— .
fund assets at the date mentioned were $72,362, and net debt $280,138.
OutstandPrincipal,
When
Pate
LO ANSi o w to“ n debt October 1,1889, was *201,940, ot wblcb *26,940 TCM
ing.
P. Ct. Payable. When Due.
N A M E A N D PU R PO SE.
$9,000
J & J Jan. 1, 1892
boating.
7
40,000
Jan. 1, 1896
7
J & J
AQRERSED VALUATION —The city’s valuation and tax rate for
do
100,000
J & J Jan. 1, 1900
7
1890 were as follow s: Real estate, $5,409,585; personal property,
21,000
.. 1919
4
J & J
63,000
4
«1 953 164 • total, $7,362,549; city tax (per $1,000), $10-50.
J & J ............ 1920
do
do
35,000
3 ^ J & J July 1, 1911
The town’ s assessed valuation in 1890 was $7,782,834; town and
250,000
7
J & J Jan. 1, 1900
116,000
school tax (per $1,000) was $11-00.
4
J & J ...........1919
do
do
15,000
M & 8 On demand.
. 4
POPULATION —The town’s population (including the city) in 1890
w as 19,007; in 1880 it was 13,979; in 1870 it was 9,480.
INTEREST—W H ERE PAYABLE—Interest on bonds is paid partly
in Boston, partly in Norwich, partly in New London.
T O T A L DEBT, S IN K IN G FUNDS, ETC.-The subjoined statement
N E W C A N A A N . — 0 . H. F a ir t y . Town Treas. shows New London’s total debt and the sinking funds held by the city
1890.
New Canaan is in Fairfield county. The debt of this town was against the same in 1890.
created in aid of the Hartford & Connecticut Western Railroad.
Total funded debt (including water debt).................................... $642 022
Amount
Sinking funds.......... .................. - .....................................................
1___
Outstand­
i oamq—
Rate
When
Principal,
................................ $646,978
ing.
NAME AND PURPOSE. .
F. Ot. TayabU. When D m
Net d e b t...............................................
<8250 000
$11,000 Water debt included above............................................................... ..
TiSirwiaii ripT
vf.
........ 4: A & O Apr. 1,1899
40,000
War and Raiiroad..................... 4 A & O Apr. 1, 1911
=
The sinking fund receives yearly about $12,000.
Subject to call after April 1,189 j
..
C IT Y P R O P E R T Y —The city owns the Groton ferry and the city
INTEREST on the war and railroad loan is payable at the Middlewater works.
tow n Savings Bank, Middletown, Conn., and on the funded debt bonds
ASSESSED VALUATION—The city’s assessed valuation in 1890
a t the office of Coffin & Stanton, New York City.
was about $8,500,000; tax rate, $15-50. Real estate IsTaxed at threeDEBT Et c —Bonded debt July, 1891, was $51,000; fourths its actual value. In 1888 the grand list was $7,699,321, tax
floating debt, $12,000; total debt, $63,000; deduct sinking funds,
rate, $16-00 per $1,000.
$ 11,0 0 0 ; net debt, $52,000.
POPULATION—In 1890 population was 13,757; in 1880 it was 10,
a q q f c q p d VALUATION (about ^ actual value) in 1891 of real
537; in 1870 it was 9,576.
estate was $1,053,454; of personal property was $243,140; total, $1,296,594; after equalization, $1,247,294; town tax (per $1,000), $12-00.
(Town and Borough).
POPULATION in 1890 was 2,701; in 1880 it was 2,673; in 1870 N O R W A L K
It was 2,497.

______ h

The town of Norwalk, in Fairfield County, contains the borough of
Norwalk, whose debt is included below, and the city of South Norwalk
whose statement is given under its own name.
N E W
H A V E N — J. B. Sargent, Mayor.
"
__ Interest.__ .
Amount
The town and city of New Haven, in the county of the same name,
i f»AN8
'Rate
When
Principal,
Outstandr
P. Ct. Payable. When Due.
^ng.
are nearly co-extensive, but each has a debt of its own. The school NAME^AND PU R PO SE.
bonds were issued by the New Haven City School district.
Town D ebt —
-iq21
$100,000
Amount
W ar,bridges, etc.................................... .
109,300
Outstand­
Town notes.......................---- ..............—
1OANS- ‘
'Rate W hm '
Trincipai,
ing.
B orough D ebt ....
tJAME AND PURPOSE.
P- <». Payable.
when Vue.
Sewers.................................... . . . . ........ > l8 9 1 to l9 2 6
400,000
N ew H aven City B ondsS g ju n el,1 9 0 2 to’08
Water w o rk s .............................. .
........ >
$175,000
Boulevard sewerage .1887 3~h J & D| $25,000yearly.
T O T A L DEBT.—The town’ s total debt at the date of our latest re­
250.000
City sew erage............ 1871 7 A & O Oct. 1, 1901
200.000 turns was $209,300, of which $109,300 was floating.
do
....18 8 9 -9 0 4 A & O Apr. 1, 1910




October, 1891.

— CITISI

The borough’s total debt was $436,9 33, of which $36,933 was float­
ing.
ASSESSED VALUATION.—The town’s assessed valuation in 1889
(tax of 1888) was $6,168.673; tax rate, $10,00 per $1,000. Borough
tax, $10-00 per $1,000.

4 &

T O T A L D EBT. Total debt October 1,1890, was $92,534. o f which-.
^2,534 was floating.
ASSESSED VALUATION.—The total assessed valuation in October1889 (tax of 1888) was $880,907; tax rate, $16-00 per $1,000.

POPULATION.—The population in 1890 was 2,555; in 1880 w »».
. POPULATION.—Population of the town (including Norwalk bor­ 2,523; in 1870 was 2.161.
ough and South Norwalk city) was in 1890,17,747; in 1880,13,956; in
1870,12,119. Population of the borough in 1890 w a s--------; in 1880
was 5,308.
R I D G E F I E L D . — S. 0. S eymour . Treasurer.
Ridgefield is in Fairfield County.
.
N O R W I C H — S. A shbel Crand all , Mayor.
Total debt, 1891___. . . .
$42,415 Total tax (per $1,000..
$11-00»
Consisting of 4 p. c. town notes.
Norwich is on the New London Northern RR. at the head of naviga­
Population 1890...........
2,235°
tion on the Thames River. It has a fine harbor, which permits of steam­ Tax valuation, 1891.. .$1,263,044 Population 1 8 8 0 .......
2,028
boat communication with New York. The capital invested here in
manufactures is large, the branches of the Thames affording good water
power. The city and town have separate governments, keep separate S I M S B U R Y . — A . S. Öh apm an , Treasurer.
accounts and have separate debts.
Simsbury is in Hartford County, The bonds issued by this town are»
Interest.—
Amount free from taxation.
LOANSRate
When
Principal
Outstand­
LOANS—
When Due. Bonded debt Oct. 1,1891. $38.000
N A M E A N D PU R PO SE.
P. Ct. Payable. When Due.
ing.
R ailroad B onds.
Floating d e b t................ v 3 000City op Norwich D ebt.
4s, J & J ..$33,000..July 1,1892 Tax valuation 1889___ 1,074 159
City debt bonds, ref., 1883 ____ 4
& O Oct. 1, 1913 $125,000
($2,000 yearly).. .to July 1.1908 Town tax (per $1,000)...
Court house................................. 7
12-00& J Jan. 1, 1905
164.000 4s, J & J.....$5,000..July 1, 1909 Population 1890...............
1 874
Sinking fund bonds of 1877... 5
& O Apr. 1, 1907
160.000 Interest is paid at the Hartford Population 1880...............
R830*
do
do 1878... 5
& O Apr. 1, 1908 *150,000
National Bank.
Water fund bonds........ .............. 6
& J Jan. 1, 1898
150.000
do
do 18 9 0.............. 5
& J Jan. 1, 1910
50,000
T own of N orwich D ebt .
........
Court house bonds................... 7
160.000
Town debt bonds....................... 4
........
.......
175,000 S O U T H N O R W A L K . — W . B. R e e d , Mayoiv
Town deposit fund.................... 6
. . . . .. . '. . . . . . . . . . ’ ..
13,301
This city is in Norwalk Town (which see) and on the New York New* Of these $100,000 are refunded water bonds.
Haven & Hartford R. R. The only bonds which it has outstanding are»
PAR VALUE OF BONDS.—The city’ s bonds are all for $1,000 water bonds, as follows ;
each.
.— Interest.— .
Amottnf
A
Rate
When
Principal,
Outstand­
INTEREST—W H ERE PAYABLE.—Interest on city bonds is paid N A M E L O D N SRPO SE.
A N PU
P. Ot. Payable. When Due.
ing.
by city treasurer, and in some cases in Boston also.
Water bonds.............. ................ 6
July 1, 1895
$30,000*
do
do
July 1, 1905
T O T A L DEBT, SINKING FUND, Et c .—The subjoined statement
40,000
do
do
July 1, 1900
show’s the city’s total debt and sinking fund on the 15th of May of
9.000
do
do
July 1, 1909
9.000
each of the last two years.
do
do
July 1, 1910
52,GOOdo
do
1891.
1890.
Apr. 1, 1910
12,500
Total funded debt of city (including water debt).$799,000
do
do
$799,000
Apr. 1, 1911
47,500Certificates outstanding........................................ 165 431.
165,431
INTEREST- -WHERE PAYABLE. Interest on the bonds is paid"
...............................................
$964,431
Total
$964,431 in New York.
Balance m treasury............................................... 31 573
32,800
TOTAL
D EBT.—The total debt September 20, 1891, was
...........................................$932,753
$931,631 $235.657, of which $200,000 was water debt and $35,657 floating:
Water debt included above.....................................$300,000
$300,000 debt.
Total town debt additional September 1,1891, was $348,301; sinking
ASSESSED VALUATION.—The city’s total assessed valuation im
fund (town notes, etc.) $20,859; cash and taxes due $33,830.
1890 was $2,044,405 (“ actual value estimated $3,000,000” ) tax rate
The sinking fund receives yearly % mill on city list.
$10-00 per $1,000.
C ITY PR O P E R TY .—The city owns property valued at $984,283
PO P U LA T IO N —Population in 1890 was estimated at 5 0 0 0 - im
This includes buildings, fire department, etc., as well as water works,
which are held at $600,000. In year 1890-91 the regular receipts of 1880 was 3,726.
the water works were $41,119; expenditures $23,459; interest on
bonds $16,500; surplus $1,160.
ASSESSED VALUATION.—The city’s assessed valuation and tax S P R A G U E . — P. S. Cote, Treasurer.
rate have been as follows, real estate being assessed “ at % cash value” :
This town is in New London County.
Real
Personal
Rate o f Tax
LOANS—
When due. Sinkin funds and cash
__
Pears.
Estate.
Property.
$21,5ir
Total.
p er $1000.
Town B ondsNet debt, Oct., 1.890
9
1891..................................
36,689$9,881,025
$10-00
68, $45,000.....................
1906 Tax valuation 1889
1890....................................
'653,88»
9,955,810
9-50
Bonded debt .................. $45,000 Population 1890.......
$2,381,600
1887................ $7,539,329
1 ,1 0»
9,920,929
9-50
Floating debt..................
4,200 Population 1880.......
1883................ 7,392,767
2,658 058
3,20 T
10,050,825
9-00
1880........ , ...... 7,438,097
2,976,028
10,414,125
8-00
The town grand list on October 1,1890, was about $13,150,030; tax
on same for 1891, $6-50, this being additional to city tax as above
S T A M F O R D .—
-, Treasurer.
given.
Stamford is in Fairfield County, on the New York New Haven;
POPULATION.—In 1890 population of city was 16,192; in 1880 it
Hartford Railroad, 36 miles from New York. It has a good!
was 15,112 (including town, 21,145); in 1870 it was
harbor.
BONDS TAX EXEM PT.—All the issues of city bonds are exempt
/— Interest.— *
Amount
from taxation.
Rate
When
LOANSPrincipal,
Outstand­
N A M E A N D PU RPO SE.
P. Ot. Payable. When Due.
ing.
B orough B onds:
P O R T L A N D . — J ohn I. W orthington , Treas’r. Sewer........................ ......
$100,000»
Town B onds:
100,000
Portland is in Middlesex County, on the Connecticut River opposite Town Hall...................................................................................
Middletown. It is also on the Boston & New York Air Line RR., which
T O T A L DEBT.—Total funded debt of borough January 1, 1891r
was formerly the New Haven Middletown & Willimantic RR. It is was $100,000; floating debt at date mentioned, $5,000.
noted for its great quarries of brown sandstone.
ASSESSED VALUATION.—The assessed valuation of real estate
,— Interest.— ,
Amount in 1890 was about $4,500,000; tax rate, $10-00 per $1,000. In 188»
LOANSRate
When
Principal,
Outstand­
N A M E A N D PU R PO SE.
P . Ot. Payable.
the town’s grand list was $8,468,144, and tax rate was $13-00 uer
When Due.
ing.
Refunding................................ . 4
M & N Nov. 1, 1905 $100,000 $1,000.
D do
.................. - .............. 3-65 J & J July 1, 1909
85,000
POPULATION.—The population of Stamford borough in 1890 waf*
Second mortgage bonds of N.
H. M. & W. RR. guaranteed. 7
J & J July 1, 1891
100,000 ........ ; in 1880 was 2,540.
Population of Stamford town (including the borough) in 1890 wasINTEREST -Interest is paid at Town Treasury.
T O T A L DEBT.—Total debt September 14,1891, was $288,000 of 15,685; in 1880 was 11,297; in 1870 was 9,714.
which $3,000 was floating debt.
TAX FREE.—The bonds of the town are exempt from taxation.
ASSESSED VALUATION.—In 1891 total assessed valuation T H O M A S T O N . — A rthur J. H in e , Treasurer.
(about % of real value), was about $1,800,000; tax rate, $20 per
This town is in Litchfield County, on the Naugatuck Railroad, 9 mile»1
$1,000. Real estate is said to be assessed at about one-half its cash
north of Waterbury.
value. In 1888 grand list was $1,831,787.
,— Interest.— ,
Amount
POPULATION.—In 1890 population was 4,687; in 1880 was 4 157LO A N S —
Rate
When
Principal,
Outstandin 1870 was 4,693.
N A M E A N D PU RPO SE.
P. Ot. Payable. When Due.
ing.
Town Hall bonds.......................... .
......
1904
$50,000°
T O T A L D E B T . —Total debt October 1,1891, was $54,725,-of which
P R E ST O N —
$4,725 was floating; sinking fund assets, $13,135; net debt, $41,590.
Preston is in New London County, about 5 miles east of Norwich.
The town’s total debt on October 1,1890, was $58,554.
‘ hxkdfVC/St/*
\
a >io t/' t
> d
LOANS—
Rate
When
Principal,
OutstandASSESSED VALUATION.—In 1890 the assessed valuation of r e a l
N A M E A N D PU R PO SE.
P. Ot. Payable. When Due.
ing.
estate was $1,002,515; of personal property was $565,921; total,
War and bridge bonds....................
1900andl906
$90,000 $1,568,436; total tax per $1,000 was $12-50. The total assessed valu-




Voi. LU I

44
ationin October, 1889 (tax of 1888), was $1,567,372 ; tax (per $1,000),

W E S T

H A R T F O R D . — H.

0.

W h it m a n ,

Treasurer.

$15*00.
~
_ ooeT
P O P U L A T IO N —The population in 1890 was 3,278; 1880 was 3,225.

Interest payable in Hartford.
When Due.
E ducation and F undingB onds— Totalvaluation (estim’d).2,537,601
- Tax debt April, 1891... $98,030
4s, A&O, $20,000...... 1894 to 1898 Total (tax per $1,000)...
10*00
B efunding B onds—
Population in
V E R N O N .
, Treasurer.
4s, M&S, $28,000........
1902 Population in 1890 w as........ 3,930
1880 was........ 1,828
1920
This town is in Tolland County, on the New York & New England BE., 4s, M&8, 30,000........
Subject to call after 1910.
12 miles northeast of Hartford.
.Bo ad B onds—
Amount 4s, M&8, $35,000.......
^
1920
,— Interest .— .
Outstand­
Subject to call after 1910
P rincipal,
Rate
When
ing.
LOANS —
P. Gt. Payable. When Due.
N A M E A N D PU RPO SE.
$60,000
------— 1906
Bailroad, etc., bonds
83,836 W I L L I M A N T I C . — H . A . Sanderson , Treas.
Notes
This borough is situated in the town of Windham, Windham County.
T O T A L D E B T .— Total debt October 1, 1890, was $143,836, of
which $83,836 was floating.
A S S E S S E D VALUATION.—The*total assessed valuation in 1890
was $2,768,828; tax rate $15 per $1,000.
POPULATION.—Population in 1890 was 8,808; in 1880 was 6,915;
in 1870 was 5,446.

______

W A L L IN G F O R D

(Town and Borough.)— S. D.

B ishop , Treasurer of Borough.
The town of WaUingford is situated in New Haven County, on the
New York New Haven & Hartford EE., 12 miles northeast of New
Haven. The borough is contained within the town, but each has a
separate corporate existence.
Am ount
i— Interest.— ,
Outstand
P rincipal,
i n iN I S Rate
When
ing.
When Due.
N A M E A N D PU RPO SE.
p * GL Payable.
T own B onds :
$64,000
1903andl904
Town hall, &o..................................................
B orough B onds :
T
t
105,000
1903 to 1915
Water loan................................ 4
J & J
50,000
Other indebtedness.........................................
INTEREST W HERE PAY ABLE.-Interest on the water bonds of
Wallinhford Borough is payable at the First National Bank of Walling­

LO A N S—

i nAMQ—
NAME AND PURPOSE.

'Rate.
When
P * Gh * * * * * *

Principal
When

A m ount
Outstand­
ing.

$50,000
250,000
Water bonds.!!!-"............- ......... 4
........
1899 *° 4914
t a ti
D E B T —The total debt of the borough on November 10,
1890 (excluding wkter debt), was *108,400, o , which *50,000 was or, a
note and the balance on borough orders; assets (taxes Aue.etc^, $ 3,
783; net debt, $84,616. In addition water bonds for $250,000 were
outstanding.
POPULATION.—In 1890 the population was 8,648 in 1830 it was
6,608.

_____ ^

W I N C H E S T E R . — E d w . M. P latt , Treasurer.
This town is in Litchfield County, and contains Winsted Borough,
which has an independent debt, as given below :
__ Interest.__
Amount
i OANIR—
Rate
When
Principal,
OutstandNAMeL W uRPOSE.
P. Cl. Payable.
"V Town bonds.................. 1885 4
» ‘
do
................... 1891 4
M & N ¿$6,000 each year, j
’
fi 876
Deposit fund and orders— i ....................................................
T O T A L DEBT -T h e town’s total debt on September 15,1891, was
$120,876; cash in treasury and unpaid taxes, $2,574; net debt Sept. 15,
*118 302 The town’s debt in 1888 was $149,908, of which $20,908
was floating. Winsted Borough on May 1, 1891, had total debt of
$25,900.
AQQCQCPn »VALUATION.—The town’ s total assessed valuation
in O c t , 1889 (tax of 1887), was $2,742,264; tax rate (per $1,000)

ford.
TOTAI D E B T ETC.—The town’ s total debt on October 1,1888,
was $84,123, of which $20,123 was floating. The borough’ s total debt
on April 1,1891, was $155,000, of which $50,000 was floating and
$105,000 water bonds.
ARRFRRED VALUATION.—Iu 1890 the total assessed valuation of
the borough was $1,800,000; tax rate (per $1,000), $19*00. The town’ s
grand list for October, 1887, was $2,611,670; tax rate (per $1,000) $15*00.
.
> POPULATION .-Population (including Winsted Borough) m 1890
for 1888 was $10*00; borough tax, $5*00.
P O P U LA T IO N . —The population of the town (including the bor­ 6 183* in 1880 was 5,142; in 1870 was 4,096. Population of Winsted
Borough in 1890 was 4,846; in 1880, it was 4,195.
ough) in 1890 was 6,584; in 1880 was 4,686, in 1870 was 3,676.
Population of Wallingford Borough in 1890 was 4,230.

Treasurer.

W A S H IN G T O N ,
This town is in Litchfield C ou n ty\ ^ ^ ^ __
I AANIQ

Reite

N A M E A N D PU R PO SE.

T Tl
VhC

P • GL Payable.

P rincipal,
When Due.

Am ount
Outstanding.

Ehilroad bonds................................................. 1891 to 1916
*18,000
q e b T .—The total debt atthe date of our latest returns w as
$52,463, of which $4,463 was floating.
ARRESSED VALUATION.—The total assessed valuation in October
1889 (tax of 1888), was $868,254; tax rate, $15*00 per $1,000.
POPULATION.—Population in 1890 was 1,633; in 1880 it was
1,590; in 1870 it was 1,563.

W A T E R B U R Y (Town and City).— Charles R.

B a l d w in , Mayor.
Waterbury is in New Haven County, on the New York & New Eng­
land and the Naugatuck railroads. It is well known for its great man­
ufactures, especially of brass. The town and city are separate corpor­
ations, the city forming a part of the town
Town Debt—
LQ A N S—
When Due. WaterburyD istrict B onds —
School
Waterbury Oih Debt—
terbury City
4s, M & N, $100,000................-19H
City H all B onds—
Water
2)—
7s, J & J , $100,000.................. 1892 7s, J & J , B onds (series 1 and1897
7s, J & J, 40,000.................... 1906 7s, J & J , $150,000..................
40,000.....................1899
Sew er B onds—
4s, J & J , $85,000.................... 1911 413s, J & J ,e75,000.................. -1905
Floating d b t..................... $20,000
INTEREST is payable in Waterbury.
PAR V A L U B —'The 4*2 per cent water bonds are for $500 eao h. AU
other bonds are in pieces of $1,000.
-rnTAI DEBT Jan. 1,1891, was $666,262, (including floating debt,
$101,262); deduct sinking fund assets, $90,156; net debt Jan. 1 ,1 89 1 ,
was $576,106.
school D istrict F loating D ebt, $50,000. Since its incorporation
in 1853 the city has issued bonis to the amount of $590,000, of which
¿ 5 ,0 0 0 have been redeemed, leaving $495,000 now outstanding.
ASSESSED VALUATION.—The town’ s assessed valuation and ta x
rate have been as follow s:
nfinte
Tears.
<cf rqq uoa
1 8 9 0 .... ........ f i ’S I f i l

Personal
Property.
»4 052,047
4 316 446

Total
Rate o f Tax
Valuation, per $l,OOo
$10,751,370
$30*00
10,554,208
31*00

The first estimate of actual valuation Jan. 1,1891, J * * 1
PO P U LA T IO N —The town’s population in 1890 was 33,202, m
1880, was 20,270. City’s population in 1890 was 28,646; m 1880 it
was 17,806.




*

45

D e b ts

and

R esou rces

O P

T IE im

I N ’

TJE3IE3

MIDDLE STATES.
INDEX FOR

THE MIDDLE STATES,

CITIES,

Etc.

N EW YORK—State, Cities, &c.......................... Pages 45 to 64

D ELAW ARE—State, Cities, &c

Pages 78 to 79

N E W JERSEY—State, Cities, & c..................... Pages 64 to 68

M ARYLAND—State, Cities, &c.

Pages 80 to 81

P E N N S Y L V A N IA -S ta te , Cities, & c ................Pages 69 to 78

DISTRICT OF COLUMBIA........

•
Page

State of New York.
IT S

D E B T , R E SO U R C ES, E t c .
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
.
.
.
49,170
State c a p i t a l ....................................................... .........
A lbkny
Governor (term expires January 1, 1892)
David B. Hill
Secretary of State (term expires Jan. 1,1892) Frank Rice
Treasurer (term' expires Jan. 1, 1892)
Elliot Danforth
Legislature meets annually the first Tuesday in January,
and length of sessions is not limited.
H IS T O R Y O F D E B T .— A prominent fact in the financial history of
r<
eW/ i » r]i State is
wliat has always been called “ The General
Fund” was at first wholly a fund, but later it became simply the
name for a class of debt. Even in early years the State contracted
and reported a debt, but the general fund in those years held assets
largely in excess of the indebtedness. Thus in October, 1814, the debt
amounted to $1,503,681, but the general fund held $4,396,940, showing
a surplus of $2,893,259.* Consequently we may say that the debt history of New York did not begin until after 1817, the State having at
that date entered upon the work of canal making, the start in the con­
struction of the Erie and Champlain canals being made that year,
when these two canals were completed in 1826, the debt of the State
was $7,737,771. About the date of the finish of 1
these original under­
takings, the minor canals were begun, the acts authorizing the Seneca
& Cayuga and the Oswego canals bearing date April 20,1825.
The cautious way in which the State took up the work of internal
improvements in 1817 is seen in the arrangement made for paying the
debt it was about to contract. It did not depend upon luck to meet the
interest and principal, but it created a fund by setting aside for that
purpose the taxes on steamboats, the duties on the manufacture of
salt and on goods sold at auction, together with some items of prop­
erty theretofore in “ The General Fund.” In 1821 when the new Con­
stitution was framed these taxes and duties and all tolls collected on
the canals were declared to be and to remain “ inviolably appropriated
(( an<^ aPPlied to the completion of such navigable communications and
“ to the payment of the interest and reimbursement of the capital ”
borrowed for the carrying forward of such work. As a result, in 1836
the whole of the debt which fell due that year and as much more as could
be bought at a high premium was paid, and a sum of $3,931,132 accum­
ulated to meet the remainer ($3,762,256) which could not be bought.
Thereupon the Constitution was so amended (the amendment being pro­
posed in 1837, passed by the two Houses in 1838, and ratified by the
people November, 1839) that the duties on the manufacture of salt and
on goods sold at auction (except $33,500) were transferred to The
General Fund.
A very different policy was pursued with regard to the lateral canals.
Prudence was thrown to the winds; the works were prosecuted rapidly
and extravagantly, and the money was borrowed without any depend­
ence for meeting the obligations except a possible surplus which the
canal fund might yield. As a consequence, 10 millions of dollars of ad­
ditional canal debt was created. Besides that these lateral canals
* Hunt’ s Merchants Magazine..




81

brought down such large quantities of rafts into the Erie Canal that the
plan of enlarging the Erie Canal was found to be desirable. The first
legislation o f this character was in May, 1834, when a law was passed
to double the locks at Syracuse; other work of a like character was done
in the following three years, all, however, being paid for out of the sur­
plus revenues of the canal fund. But in 1838 that slow method lost
caste and the work of enlargement took a speedier start, $4,000,000
being borrowed for the purpose. After that the Legislature pursued a
reckless course, not only in the matter of canals but in lending State
credit to various companies, mainly railroads. From September, 1841, to
February, 1842, issues of State obligations to the Erie Railroad pro­
gressed rapidly, notwithstanding the panicky condition of the market,
the last issue being made January 29,1842; 42 days afterwards the
Governor received notice that the road had failed and could not meet its
engagements.
A stronger contrast could hardly be presented than is presented
between the polity pursued and results reached at these two periods
1817-36 and 1838-42. The former we may call the “ slow” method,
the latter was called in the law which originated it, the “ speedy enlarge­
ment.” We have seen the result of the “ slow ” method on the State
credit in 1836; as high as 24 per cent premium was ottered for
outstanding bonds that year without inducing the holders to part with
them. In 1842 even the solvency of the State was in great peril; the
emergency was felt to be so critical that a law was passed (February
24,1842), to stop all expenditures upon public works, to issue stock to
settle with contractors, and to levy a tax and establish a sinking fund
out of the surplus canal revenues to meet interest and debt.
Subsequent history is so recent that only a few words need be given
to it. In 1851 an abortive attempt was made by the Legislature to
appropriate nine millions of dollars to the completion of the canals; we
say abortive because the act passed to that effect was declared uncon­
stitutional by the Court of Appeals. Thereupon (in 1854) the Con­
stitution was amended so as to permit a new debt for the enlargment
and a sinking fund to pay the interest and principal. Under that pro­
vision the money was borrowed and spent during the following four or
five years. The only other material enlargment of the State’ s
obligations grew out of the Civil War. For this purpose the Legislature
authorized the creation of a debt not to exceed 30 million dollars,
levying a direct annual tax to pay the interest as it fell due and the
whole principal within twelve years. We give further below the total
debt of the State at five-year periods since 1838 and in that statement
the changes in the debt since 1838 can be traced. The bonds now
outstanding are as follows.
,— Interest.— .
Rate
When
P. Gt. Payable.
Canal reg.stock, gold.1873
6 J &J
do
do
.1874
6 A &O
do
do
.1875
6 A &O
G eneral F end :
Indian annuities............... 6 Annually

LO ANS-

N A M E A N D PURPO SE.

Niagara Reservation.1885 2 ^

Principal,
When Due.
July 1, 1891
Oct. 1, 1892
Oct. 1, 1893

Amount
Outstand­
ing.
$1,881,950
1,986,000
473.000

Irredeemable.

122,695

J & J [ $ io o !o 009yeaHy

500.000

PAR V A L U E OF BONDS—The canal bonds are for $100 and mul­
tiples; the Niagara Park bonds for $1,000 each.
IN T E R E S T — W H E R E PAYABLE—Interest on the canal bonds is
paid in New York at the Manhattan Company Bank. Interest on the
Niagara Park loan is paid in Albany at office o f State Comptroller.
T O T A L D EBT , S IN K IN G FUNDS, E t c — The subjoined statement
shows New York’s total debt, and the sinking fund held against the same,
on the first of October of each of the last two'years.

Under the above provision of the Constitution the Legislature (Laws
188H'«r>
$6,652,160 1853, Chap. 603), passed “ an act to restrict and regulate the power o f
.«municipal corporations to borrow money, contract debts, and loan
*’ 4PD,°
«their credit.” The act contained six sections, the substance of which
Wet debt................................................ ......... $1,677,887
$2,185,534
is as follows.
ST A TE DEBT FOR OVER FIFTY Y E A R S .-B elow we give the
Section 1 forbids any municipal corporation from loaning its
amount of the State debt at the end of the fiscal years named.
0rs £ a 2 enacts that no municipal corporation
In 1838 the debt was $11,256,152.
contract debt except as hereafter provided, and if it does the evidence
1890........... $4,964,304 I 1878.......... $9,154,054 1858..........$33,735,668
1889 ........ 6,774,854 1873.......... 36,530,406 1853.......... 24,288,568 ° SECbV henacte that no municipal corporation “ shall oontraot any
sV
now owing b y
1888 ........ 6,965,354 1868.......... 44,968,786 1848......... 23,937,248 “ debt thelunount of which shall^exclusive of the ^
1883.......... 8,473,854 11863.......... 29,784,124 1843.......... 25,257,268 it qa,iri eoroorat.ion exceed at any time a sum equal to five per cent, nor
^inclusive of such debt shall the same exceed eight per oent of the
TAX ATIO N .—The following table shows the assessed valuation of
valuation of the real estate within its bounas.
tcmnnrnrv loan
the real and personal property, the rate of taxation for State purposes,
Sfc* 4. enacts that no money shall be borrowed on temporary loan
and the amount of the tax for the years named, 1859 being the year m by any such municipal corporation except in anticipation of taxes o f the
which the State Board of Equalization was organized.__ ^ __________ c^ ren t fiscal Tear" and shall always be made payable within eight

1890.
Total funded debt, excluding Indian annuity. .$4,841,610
Sinking funds for canal debt............................. g,IM ,72a

_______Valuation------------- ■TotalEqualised Bateper
,
Total
Venir* Tieni vaiate
Personal.
Valuation. $1,000.
T.evied.
fS E - q o m
g à i $385,329,131 $3,683,653,062 $2-34 $8,619,748
3-52 12,557,352
l l l g ; § ; ! i ! ; ? 71,201 3 5 4 ;| 5 g 5 ^ 3 ;5 6 7 ^ 2 9 ;7 5 7 3‘52
9,089,303
2-62
1888. 3,122,588,084 346,611,861 3,469,199,945 2-70
9,075,046
1887. 3,025,229,788 335,898,389 3,361,128,177 2-95
9,512,812
324,783,281 3,224,682,343
1886. 2,899,899,062
8,529,174
1876. 2,108,325,872 357,441,401 2,466,267,273 3*453,j 14,206,680
407,427,399 2,367,780,102 6-00
1875. 1,960,352,703
15,727,482
1874, 1,750,698,918 418,608,955 2,169,307,873 7-07'7 14,800,903
___
6-95
1873. 1,692,523,071 437,102,315 2,129,626,386 9-3712
1872. 1,644,379,410 447,248,035 2,088,627,445 5-65*5 19,580,882
11,613,943
452,607,732 2,052,537,898
1871. 1,599,930,166
1870. 1,532,720,907 434,280,278 1,967,001,185 7-2614 14,285,976
1,860,120,770 5-62i2 10,463,179
1869. 1,418,132,885 441,987,915
3,512,284
1859." 1,097,564,524 307,349,155 1,404,913,679 2-50
The State tax for 1891 is $2-34 (per $1,000), for the following pur­
poses: For schools, $1-04; for general purposes, $0-70; for canals
$0-80; total, $2-34.
REVENUE.—The following is a schedule of moneys received by the
treasury during the year ending September 30,1890:
State tax of 1889................................................. - .....................

ifle object stated in ordinance proposing same, nor unless suoh ordinance
shall have been passed by two-thirds of all the members
Common Council or Board of Trustees, and shall have been submitted
to and approved of by a majority of the tax payers of such city or vil­
lage at a speoial election, nor unless the Legislature shall have ratified
such ordinance and shall have provided for ^ / ^ X H i Z ^ a m o u n t
annual tax sufficient to pay accruing interest and am
for a sinking fund equal to at least five per cent of the total debt &o.
Sec. 6 enacts that nothing in this aot shall repeal ^
inglaws authorizing municipal corporations to borrow money, contract
debts and issue bonds.
It should be added in explanation of the railroad debts whioh wilL be
noted in some of the city statements of debt that the laws authorized
such obligations prior to 1874, but the amendment to the Constitution
adopted at that date (whioh we have set out in the foregoing) abro­
gated those laws, though of course the amendment did not affect pre­
vious contracts.
SAVINGS BANK IN V E ST M E N T S-P O W E R S AND RESTRIC­
TIONS.—By an Aot of the Legislature, Chapter 525, approved Juno 6,
1890, Seotion 260 of Chapter 409 of the laws of 1882, entitled « an
« Aot to revise the Statutes of this State relating to banks, banking and
trust companies,” (as amended by Chapter 524 of the laws of 1887 and
Tax on organization of corporations......................................
as amended by Chapter 373 of the laws of 1888), was amended so as toTax on collateral inheritances.. - - - - - - - ..................................
'o i ®
Advances repaid to be paid from the treasury.....................
3±5, bbb
read as follows.
Miscellaneous receipts..............................................................
aia,ao
Section 260.—It shall be lawful for the trustees of any sayings bank
Total receipts on account of general fun d......................$10,965,664 to in f est the moneys deposited therein and the income derived thereOn account oi common school and other funds................ •b/z>Ui:U
fr i^ n ^ h e ^ to c k s o r ’bemds or interest-bearing notes or obligations o f
Total receipts....................- ..................................................$11,637,704 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, inDEBT LIMITATION.—In the New York Constitution two sections clndfng the bonds of the District of Columbia, commonly known as
thethree-sixty-flvebonds.
.
,.
... .
have reference to municipal debt limitation.
2 In the stocks
State
(1). S e o tio n ll Article 8, until November 1884, applied to all coun­ issued pursuant toor bonds or interest-bearing obligations of this a , ,
the authority of any law; of this State.
ties, cities, towns and villages. That Section reads as follows.
3 In the stocks or bonds, or interest-bearing obligations of any State
Sec 11. No county, city, town or village shall hereafter give any in the Union that has not, within ten years previous to making such in­
monev or property, or loan its money or credit, to or in aid of any indi­ vestment by such corporation, defaulted m the payment of any part o f
vidual association or corporation, or become directly or indirectly the either principal or interest of any debt authorized by any legislature of
owner of stock in or bonds of any association or corporation, nor shall
U
b
anv such county, city, town or village be allowed to incur any indebted­ 8 4 hIn 1 ^ s to cto o ^ b ^ n d s of any city, county, town or village school
ness except for county, city, town or village purposes. This seotion district bonds and union free school district bonds issued for school
shall not prevent suoh county, city, town or village from making such purposes, or in the interest-bearing obligations of any city or county o f
provisions for the aid or support of its poor, as may be authorized by |his State issued pursuant to the authority of any law of this State.
5 Tn bonds and mortgages on unincumbered real estate situate in
law .
this state and worth at feast twice the amount loaned thereon but not
The foregoing was adopted by a vote of the people November, 1874, to exceed sixty-five per centum of the whole amount of deposits shall
went into effect January X, 1875, and is still in force- But in Novém- be so loaned or invested; but in case the loan is on unimproved and unoer, 1884, by vote of the people, thé following amendment was added to moductive real estate, the amount loaned thereon .shall not be more
forty per centum of its actual
e; and
Seotion 11. It will be seen that the amendment of 1884 applies only to ?han and mortgage shall be made byvalu savings no investment m any
bond
any
bank, except upon the
cities of over 100,000 inhabitants and to counties containing cities of Twnm»t of oomTiittee of it 4 trustees charged with the duty or investi­
gating the same, and who shall certify to the value of the premise»
100,000 inhabitants, and limits the debts of such cities and counties to
mortgaged or to be mortgaged according to their best judgment, and
10 per cent of their real estate valuation, certain bonds not included. such report shall be filed an2 preserved among the records of the mstiThe amendment is as follows.
6!°In real estate, subject to the provisions of Section two hundred
(Amendment added to Section 11, by vote o f people in November, 1884, tU
and which went into effect January 1,1885):—No county containing a and sixty-three of this Act.
oitv of over 100,000 inhabitants, or any such city, shall be allowed to
The foregoing is in some particulars modified and extended by s e c­
become indebted for any purpose or in any manner to an amount
which including existing indebtedness, shall exceed 10 per centum ot tions 261, 262, 263 and 264 of the original Act of 1882, the substance
the assessed valuation of the real estate of such county or city subject of which sections is as.follows.
to taxation, as it appeared by the assessment rolls of said county or city
S ection 281 provides that the trustees shall invest the deposits in the
on the last assessment for State or county taxes prior to the incurring securities named above as soon as practicable, except
..
of such indebtedness; and all indebtedness in excess of such limitation
(1) that for the purpose of meeting current payments and expenses nx
except such as may now exist, shall be absolutely void, except as excess of the receipts, a « fund ” of not exceeding 10 per cent of the
herein otherwise provided. No such county or such city, whose \rtiole amount of the deposits may be kept on hander on dep ^ it with
present indebtedness exceeds 10 per centum of the assessed valuation anv bank or banking association in the State of New York (National
of its real estate subject to taxation, shall be allowed to become indebted or stato), or with any trust company of New York State, but not to ex­
in anv further amount until such indebtedness shall be reduced within ceed in any one bank or trust company 25 per cent of the paid-up capi­
such limit. This section shall not be construed to prevent the issuing tal and surplus of such bank or trust com pany; or
...
o f certificates of indebtedness or revenue bonds issued in anticipation
(21 such « fund” or any part thereof may be lQaned upon pledge of the
o f the collection of taxes for amounts actually contained, or to be con­ securities or any of them named in sub-divisions one, two, three and
tained, in the taxes for the year when such certificates or revenue four of Section 260, but not in exoess of 90 per cent of the cash market
bonds are issued and payable out of suoh taxes. Nor shall this section value of suoh securities; and the loan must not be allowed to exceed 90
be construed to prevent the issue of bonds to provide for the supply of ner cent of the securities by any depreciation of the securities, but in
water but the term of the bonds issued to provide for the supply of case of depreciation the loan must be reduced or securities ^creased.
Section 262 enacts further that any savings b w k may deposit tern
w ater’ shall not exceed twenty years, and a sinking fund shall be
created on the issuing of said bonds for their redemption, by raising T>nrarilv in banks and trust companies, as provided by the last aDove
annuallv a sum which will produce an amount equal to the sum of the K n
“ thfl excess of current daily receipts over the payments until
nrincipal and interest of said bonds at their maturity. The amount “ such time as the same can be judiciously invested in the securities
hereafter to be raised by tax for county or city purposes, in any county it named in Section 260.’
namAil
flAP.tirtll 260.”
containing a city of over 100,000 inhabitants, or any such city of this
The privilege granted by Section 262 might of course be interpreted,
State in addition to providing for the principal and interest of existing
debt ’shall not in the aggregate exceed in any one year 2 per centum of liberally as opening the gates wide to continuous deposits in banks and
the assessed valuation of the real and personal estate of said county or trust companies. To avoid any such use of the privilege, the section also
city, to be ascertained as prescribed in this section in respect to county
provides that whenever it shall appear to the Superintendent of the
or city debt.
In May, 1886, the New York Court of Appeals decided at the end of a Banking Department that the trustees of any corporation are violating
litigation begun in July, 1885, that the sinking fund was not a p a rto t « the spirit and intent of the seotion by keeping permanently invested
the city debt within the meaning of the above provision of the Consti­ « all or an undue portion of the moneys received,” he must report thie
tution limiting the creation of debt to 10 per cent of the assessed valua­ facts to “ the Attorney-General, who shall proceed against such coT“ poration,” etc.
tion of the real estate.
As to investments in real estate, it is provided by
(2). The other section of the Constitution which we referred to is
Section 263, that any bank may hold and convey
Section 9, Article 8. This section stands as it was framed in the Consti­
(1) a plot whereon is erected or may be erected a budding or buibhngs
tution of 1846, and transfers to the Legislature the duty of providing requisite for its business, and from portions not required for its own use
needful restrictions of the debt-making power, &c. The section in revenue may be derived, the cost of such building or buildings and lot
in no cas<?toyexceed 50 per cent of the net surplus, “
by written
full is as subjoined.
« Dermission of the Superintendent, except where lots have been hereto•Section 9. It shall be the duty of the Legislature to provide for the “ Fore purchased, or where maps, plans and estimates have been made
organization of cities and incorporated villages and to restrict their Uf or the nuroose of erecting a banking building.
^
_
power of taxation, assessment, borrowing money, contracting debts,
(2) Suoh real estate as shall have been purchased on foreclosure sales
* and loaning their credit, so as to prevent abuses in assessments and m or upon sales under judgments or dtecrees obtained or rendered f o r
contracting debt by such municipal corporations.




«qtb
JtAd^nt^ ei ^ p?Jatl?i10ri )I1 settlements to secure debts. Such real
«t+Anri
8° id Y ltlun flve years unless the Superintendent shall
e> - ? ucli corPeration may also, with approval of Superin+nwl6Q U i;a ge lts Pta$e of business within the limits of its city or
AC
S ? " ? p o y a new plot, but must sell the lot previously occupied as
^ e h t s ^ abovewitl1 respect to real estate acquired in satisfaction of
^ S ection 264 enacts that “ it shall not be lawful for trustees of any
« JaTLnS8 banks
loan moneys ” * * * upon notes, bills of exchange,
drafts or any other personal security whatever ” ; and in all cases of
t ? aV
,3lon real estate a sufficient bond secured by the mortgage thereon
shall be required of the borrower and all expenses of searches, examin ations, appraisal, drawing, perfecting and recording papers, must be
paid by the borrower.

P O P U L A T IO N OF ST A T E . —New York ranks first in population
among the States of the Union, but has not always held that position.
In 1790, when New York had 340,120, Massachusetts had 378,787,
North Carolina had 393,751, Pennsylvania had 434,373 and Virginia as
much as 691,737, Maryland then having 319,728. That is, at the time
©f the first Census New York stood fifth. In 1800, with a population of
589,051, the State passed both Massachusetts and North Carolina and
advanced to third place, Virginia still standing first with 880,200, and
Pennsylvania second with 602,365. In 1810 Pennsylvania also was
passed, Virginia, however, still leading slightly with 974,600, against
New York’s 959,049. In 1820 the Old Commonwealth likewise was
left behind, and ever since then New York has retained her place at the
Read of the column.
1890............ 5,997,853 1 8 6 0 .......... 3,880,735 1830............ 1,918,608
1880............ 5,082,871 1850............ 3,097,394 1820............ 1,372,111
1870............ 4,382,759 1840............ 2,428,921 1810............ 959,049
Since 1820 New York has been adding to her numbers considerably
more than a million every twenty years, and the last decade alone—
that from 1880 to 1890—shows an addition of not far from a million, or
914,982. Taking the last three Census periods the rate of growth was
12-94 per cent between 1860 and 1870,15-97 per cent between 1870
and 1880, and 18-00 per oent between 1880 and 1890.

B A N K S — S T A T E , N A T IO N A L AN D S A V IN G S IN S T IT U T IO N S
—New York of course has very extensive banking facilities and her
banking capital, resources and deposits are large. If the national in­
stitutions in recent years have not grown as fast as might be supposed,
it must be remembered that the trust companies have enormously ex­
tended their business during this period, taking considerable deposits
which formerly went to the banks, and furthermore that the ordinary
State commercial banks have been gaining in number and popularity.
-1891.-1885.-National.
State.
National.
State.
N ew Y ork .
(July 9 , ’ 91.) (Sept. 12, ’91.) (Dec. 24.)
(Dec. 26.)
No. of b a n k s.....
325
177
318
92
Capital................ $86,666,060 $31,645,700 $82,004,760 $21,850,700
Surplus & profits. 73,881,582
23,405,364
52,324,317
12,592,587
Depos. individ’L.344,865,06 » 182,802,322 339,448,400 140,690,489
There are, it will be seen, 502 State and national banks and the
aggregate capital of these institutions at the latest dates was $118,311,760, with aggregate deposits of $527,667,382 and aggregate sur­
plus and profits of $97,286,946. In addition there were on July 1,
1891, 33 loan and trust companies, with $25,950,000 oapital, $213,076,545 deposits and $33,524,158 surplus and profits. The State
banks have increased very decidedly since 1885, the number in oper­
ation December 26th of that year having been only 92, while now there
are 177, and the trust companies have also increased decidedly, not
only in number but in extent of their operations, there having been
December 31, 1885, only 20 of these corporations, with $14,217,550
capital, $138,467,947 deposits and $15,681,822 surplus and profits.
The growth of savings bank deposits has been rapid, as may be
observed from the follow ing:—
a ■
-r. ,
1891.
1885.
1880.
1875
Savings Banks. (July 1.)
(Dec. 31.)
(Dec. 31.)
(Dec 3 1 )
No. of bank s....
127
123
128
' I hi '
No. of depositors
1,499,783
1,208,072
953,707
859 738
Amt.of deposits.$582,207,874 $457,050,250 $353,629 657 $319,26a202
Surp. & profits. 87,613,032 77,282,889
47 099 094
33 689 701
Av. ea. deposit.
388
378
371
While on July 1, 1891, the New York savings banks held in the
aggregate 1,499,783 accounts, fifteen and a-half years before, in 1875
they held only 859,738 accounts, and during these same fifteen and
a half years the total of deposits increased from $319,260,202 to *582 207,874.
’

and

T owns

S T A T E OF N E W Y O R K .
A L B A N Y — J ames H . M a n n in g , Mayor.
Albany is in Albany County, and is not only the Capital o f New York
State, but a trade centre of considerable importance.
. „ . „. „
< Interest.— ,
—
Amount
LO A N S—
Rate
When
Principal,
Outstand­
N A M E A N D PU RPO SE.
P . Ct. Payable
When Due.
ing.
B uilding A ' d Site B onds
P. O. site 1874.................... 7
M & N
May 1, 1904
$115,000
Congress Hall 1866........ . 6
F & A Feb. 1892 to 1894
©52,000
Public Market 1888.......... 4
J & J ( Jan. ’92 to 1908 )
( $10,000 yearly. { 170,000
) - O nnn
K
City
H all................1882
J IJuly 1, ’05 to ’09 5 »-125,000
! $25,000 yearly.
............... 1882
do
do
J
July 1, 1910
b20,000
City improvement___ 1871
M & a ( March 1892-1894) B30.000
0 1 $10,000 yearly. 5
do
do
___ 1870
M & S March 1, 1895
b50,000
do
do ....1 8 7 0
M & 8 March 1896-1900 b298,000
*Of this issue of bonds about $60,000 mature each year.




M&

m 1892-1909
< $5,000 yearly.

do

do

. . ___1889

Clinton av. im p.......1889
Hawk St. Viad’t ....... 1889
do

do.......... 1889

Jay Street, etc........ 1890
Madison A v e ...«.«
State St., etc...........1890
Washington
do
do
do
do
do
do
do
do
do

Park_ 1870
_
do ....1 8 7 1
do ....18 7 2
do ....1 8 7 4
do ....18 7 4
do ....1 8 7 5
do -...1 8 7 5
do ....1 8 7 6
do ....1 8 7 7
do ....1 8 7 8

do

do ---- 1880

do
do ---- 1881
do
do ---- 1882
do
do ....1 8 8 2
do ....1 8 8 5
do
W ater............. g
1874
do
1874
do
1874
do
c f-i
3
>>o 1874
do
gì* 1876
ft / )
do
£ 1876
- Ϩ
do
1876
do
1876
do
1877
do
1877
do
1881
do
do
do

1892-1893
)
3*2 M & S $
( $34,000 yearly. \ a68,000
1892-1893
)
3*2 M & S
10,000
$5,000 yearly, j
3^2 M & S March 1, 1894
120,000
312 F & A <Feb. 1,1892-1894)
30.000
$10,000 yearly. 5
312 F & a P ^ U 895-!,9 0 9 ?
75.000
$5,000 yearly. $
3*2 M & N Nov. 1,1891-1895)
84,200
$16,840 yearly. 5
3L , _______5 1892 to 1895 }
l $40,000 yearly. 5 180,000
qitfSA tm at.) 1891, 1892,
)
66.000
of b’ds. 5 1893, 1894.
J
7* M & N
Aug. 1, 1910
b50,000
7
M •& N May 1, 1911
b l 00,000
7
M & N May 1, 1912
blOOjOOO
7
M & N May 1, 1914
bl55,000
7
M & N May 1, 1916
b49,000
6
M & N May 1, 1915
b75,000
6
M & N Nov. 1, 1917
b37,000
6
M & N May 1, 1918
b38,000
6
M & N May 1, 1919
b 20,000
5
M & N May 1, 1920
b40,000
May, 1920-1930
4
M & N
about $25,000
b302,000
yearly.
4
M & N May 1, 1921
a30,000
4 M&N
May 1, 1922
a28,000
4
M&N
Nov. 1, 1922
a24,000
4 F & A Feb. 1, 1925
alO,000
7
F & A
Feb. 1, 1900
100,000
7 F
& A Feb. 1, 19 »1
100,000
7 F & A Feb. 1, 1902
90.000
7 F
& A Feb. 1, 1903
99.000
6
F & Al
n’bn®93
200,000
l $50,000 yearly
6 F & A Feb. 1, 1906
100,000
6 F
& A Feb. 1, 1908
50.000
6 F
& A Feb. 1, 1909
50.000
6 F
& A Feb. 1, 1911
. 50,000
6 F
& A Feb. 1, 1912
50.000
4 F & A j( $50,000898' 1? 01
oaa
200,000
yearly.

c > 1887 4
S ?
ftS

I* }“ «:
1888 4

F *

80.000
127.500

1 P 4 A SFi 7 ' i 6 o y S r
J

& D i *L^eJ jn 92"19i° 8 ;'
( $17,500 yearly.

297.500

do

1888 313 M & N \^ n 1 892' 1? 07; 160,000
^
.
t $10,000 yearly. ;
R ailroad L oan—Payable by Delaware & Hudson Canal Co.:
Albany & Susqueh’a R.R.. 6
M & N { ^ ^ t o y H v l y . } 1.000,000
a Interest payable in Albany,
c Interest payable in Boston.

b Interest payable In New York,

IN T E R E S T — W H E R E IP A Y A B L E .—Interest on part of the bonds is

payable in New York City.

T O T A L DEBT, S IN K IN G FUNDS, Etc .—The subjoined statement
shows Albany’s total municipal debt and the sinking fund held by the
city against the same on the 1st of January of each of the last two
years.
1891.
Tot»}
................ ............... -1........$2,548,200
Total water d eb t................................................. 1,794,000

1890.
$2,475,000
1,834,000

Total funded debt (including water debt).. $4,342,200
Deduct sinking funds, viz., for—
Ordinary d eb t..................................................
552,522
Water d eb t............... ....................... ...............
94 359

$4,309,000

Balance.net............................. ......... . ......... $3,695,319

474,760
82,190
$3,752,050

In addition to the above there is the railroad loan for $1,000,000 is­
sued to the Albany & Susquehanna RR. Company. It is secured' to the
city by a first mortgage payable, principal and interest, by the Dela­
ware & Hudson Canal Company. The sinking fund held by the city for
this loan on Jan. 1,1891, was $481,275.
The sinking fund for ordinary debt, as given above in 1890, includes
the general debt sinking -fund, $321,727; the Washington Park sinking
fund, $192,635; the Clinton Avenue improvement sinking fund, $38,160; total, $552,522. The sinking funds are invested mostly in the
city’ s own bonds.

IN THE

Sewer (BeaverCr.)... 1889 3

Street B onds :
Broadway im p........ 1888

—
Interest. — „
Rate
When
P. Ot. Payable.

90,000

A S S E S S E D V A L U A T IO N .— The city’s assessed valuation and tax
rate at different periods have been as follows, real estate being assessed
in 1889 at about full value.
Personal
Rate o f Tax
yearsEstate.
Property.
Total.
per $1,000
$6,282,525
$69,662,551
*'
^ 9 0 ................... $63,380,046
2 .....................
5,814,490
68,747,055
20-00
j § 8 7 ................... 61,245,455
6,326,900
67,572,355
1886
60,728,720 6,154,270
66,882,990
1880(13 true val.) 30,234,642
3,512,350
33,746,992
In 1889 the value of property exempt from taxation was $18,708,500. The budget for 1890 was $910,625, against $1,003,040 in 1889.
-

Cities , Counties

LO ANS-

N A M E A N D PU R PO SE.

POPULATION.—In 1890 population was 94,923; in 1880 it was
90,758; in 1870 it was 69,422.

A L B A N Y C O U N T Y . ^ —J ohn Bo w e , Treasurer.
County seat is the city of Albany.

PAR V A L U E ETC.—The water bonds refunding are coupon bondsValuation, etc.
LO A N S—
When Due.
$849,000 for $1,000 each.
Total debt, 1991.......
County H all —
IN T E R E S T — W H E R E P A Y A B LE .— Interest on the Railroad bonds313s, A&O, $145,OOO.Oct.1,1901-03 Sinking fund receives
fU>uuu
yearly in cash........
W ar B onds :
Tax valuation in 1890 101,749,256 is paid at the City Treasury; on water bonds is paid by the Water im
6s M&S, $150,000..Mar.l, 1891-94
Real estate being .. 93,6o i ’i o ? New York.
5s M&8, 87,000..M ar.l,1895-96
QEBT Et c .—‘T he total debt Feb. 17,1891, was $331,000, o f
Personal property.
9>l22’ i5,i
5s, M&8, 87,000.. Mar. 1,1897
4s, M&8. 150,000.. Mar. 1,1898 Total tax valuat’n’90 53,063,768 which $175,000 for water works; balance in treasury in all funds
($50,000duey’rly) to M ar.l,1900 State and county tax
$83 102
per $1,000...............
4s, M&8, $60,000.. Mar. 1,1904
164,555
The actual interest upon the debt of the city the coming year 1891-92
4s, M&8, 90,000.. Mar. 1,1905 Population in ’90 was
154,890 w ill be $12 550 *
do
in ’80 was
*
* However, the water bonds interest will be($30,000 due y’rly)to M ar.l,1907
4s, M&8, $80,000.. Mar. 1,1908
paid by the Commissioners, while the interest upon the Washington
($26,000 due y’rly) to M ar.l,1910
Street Bridge bonds is paid in the county taxes, leaving interest to b e
IN T E R E S T is payable at the Merchants’ Nat. Bant, Albany,
provided for only $3,535.
. . . .
.
.
bonds are all registered except the 6 per cents.
A S S E S S E D VALUATION.—In 1890 the assessed valuation of real
estate was $16,290,985; of personal property, $2,040,798; total, $18 A L E X A N D R I A . - F red. T. H olmes, Supervisor. 331,783; tax rate (per $1,000), $ .......... In 1880 the total assessed val­
uation was $6,764,989.......................................................................
This town is in Jefferson County.
POPULATION.—The population in 1890 was 35,005; in 1880 w as
$6,500
LOANS—
When Due. Sinking fund assets.......
Stock in Utica & Bl’k R.
60,000 17,317; in 1870 was 12,692.
M orristown & P hila . RR.,
Tax valuation 1890.......
(sinco consol, with. Utica &
Tax per $1,000...............
$6‘60
Black River)—
Population in 1890 was.........3,300 B R O O K L Y N . — A lfred C. Ch a p in , Mayor.
7s, M&N, $52,000 . . . . . . ------Int. is pay. at Watertown, N. Y. Population in 1880 was.........3,135
The city of Brooklyn covers most of the area of Kings County, and i t
Total debt March 1,1891. .$52,000
is therefore indirectly responsible for the county’ s debt-. A statement
of the debt of the County will be found in its own alphabetical place.
A M S T E R D A M . — H. B. W aldron , Major.
Brooklyn has grown with great rapidity, and has consequently been
This city is in a township of the same name in Montgomery County.
obliged to issue of late years a large amount of bonds for city im­
Tax valuation 1890—
LO A N S—
When Due. m
Real estate..........— $7,162,005 provements, water works, etc.
W ater B onds—
Amount
,— Interest.— Personal property... 1,165,420
■ ........,$250,000............................
Outstand­
Principal,
I O AN ft—
Rate
When
Total........................ 8,327,425
Sewer B onds—
ing.
When Due.
N A M E A N D P U R PO SE.
P- Ct. Payable.
............
C
l)
........................... Tax rate per $1,0 0 0 $4-39
1,650,000s
July 1, 1923
State and county.......
Total debt July, 1 8 9 0....
$7-32 Arrearage 10-40S................ 48ubjec?toJcall July 1,1893
City........ ....................
Population in 1890 was.
17,336
$1-73%
School district No. 8.
Of this loan $150,000 is in the sinking fund,
9,466
Population in 1880 was.
$2-58
549.000
do No. 11.............
county ta x es... 4
J & J
July 1, 1624
do
700.000
July 1, 1924
10-40s................ 3*2 J & J
do
subject to call July 1,1894
B ridge B onds—
405.000
A N D E S . — J. F. Scott, Supervisor.
July 1, 1905
Brooklyn City bonds
400.000
Julv 1, 1906
for
This town is in Delaware County. It contains a village of the same
345.000
July 1, 1907
comnletion of bridge.
100.000
July 1, 1908
name.
do
do
Tax valuation 1890.........$749,071
260,000
July 1, 1908
LOANS
,
When Due.
do
do
400.000
State, county and t o w n ___
July 1, 1909
RR. B onds—in litigation—
do
do
440.000
tax per $ 1,000............... $16*87
July 1, 1910
— M&S, $95,000..................... 1901
g
do
do
Population in 1890 was ab’t.2,500
400.000
July 1, 1911
Total debt, all in litigation,$95,000
do
do
400.000
Population in 1880 w a s..---- 2,639
July 1, 1912
do interest since 1881 (?)
do
do
350.000
July 1, 1914
A L L E G E D D E BT .— In 1871 certain persons claiming to be railroad
do
do
300.000
July 1, 1916
do
do
commissioners of this town issued the above-described bonds in aid of
500.000
July 1, 1917
do
do
250.000
the Delhi & Middletown RR. In 1882 interest to date and $3,000 prin­
July 1, 1918
do
do
810.000
July 1, 1919
cipal having theretofore been paid, twenty-six taxpayers secured an
do
do
319.000
July 1, 1920
do
do
injunction to restrain the Supervisor from levying a tax to meet either
371.000
July 1, 1921
do
do
400.000
principal or interest of the bonds. Litigation is still in progress. For
July 1, 1922
do
do
200.000
July 1, 1923
do
further information apply to the Town Supervisor.
do
257.000
Jan. 1, 1925
do
do
300.000
July 1, 1927
do
do
356.000
July 1, 1928
do
do
50.000
A U B U R N . — D avid W adsworth , J r ., Mayor.
July 1, 1900
New York Bridge ....... 7
July 1 ,1901-’04 | 400.000
This city is the capital of Cayuga County. It has extensive manu& J ( $100,000 yearly,
do
do
71.000
•facturing interests, chiefly iron, carpets, wool, flour and agricultural
July 1, 1905
do
do
128.000
July 1, 1906
do
do
implements.
101.000
Amount
-T
/w
—
July 1, 1907
do
do
50.000
OutstandJuly 1, 1908
Rate
When
Principal,
do
do
LO ANS100,000
ing.
July 1, 1909
ct. Payable. When Due.
do
do
N A M E A N D PU RPO SE.
100,000
$50,000
July 1, 1910
M & S Mch. 1, 1892
6
do
Southern Central Railroad..
do
50,00050,000
July 1, 1911
M & S Mch. 1, 1895
5
do
do
do
do
T s July 1 , 1912-’ 16
'
50,000
M & s Mch. 1, 1897
5
500.000
do
do
do
30,000
J > $100,000 yearly,
do
M & s Sept. 1, 1902
4
do
do
91.000
July 1, 1917
30,000
M & s Mch. 1, 1903
4
do
do
do
do
105.000
July 1, 1918
55,000
3*4 M & s Mch. 1, 1892
do
do
do
do
104.000
25,000
July 1, 1919
M & s Mch. 1, 1894
3
do
do
do
do
200.000
July 1, 1920
20,000
M & s Mch. 1, 1899
■
3
do
do
do
do
181,000July 1, 1921
20,000
M & s Mch. 1, 1900
3
do
do
do
do
154.000
July 1, 1922
20,000
M & s Mch. 1, 1901
3
do
do
do
do
65.000
July 1, 1924
20,000
M & s Mch. 1, 1905
3
do
do
do
do
T 5 Jan. 1 ,1921-’26
40,000
M & s Mch. 1, 1906
3
500.000
do
do
1891.
do
J \$100,000yearly.
do
40,000
s Mch. 1, 1907
M &
3
do
do
25,000 I mprovement Bo»DS.-VariouB purposes.
M & s Mch. 1, 1909
3
do
do
213.000
10,000
A & 0 Apr. 15,1894
5
Brooklyn local impts—
7
M & *
j S j 'V i s K .
rOct. 1, 1892)
28.000
Fourth avenue impts
7 J & J ^ $7,000 yearly.
to 1896
> 20,000
A & 0 3
Board of Education oertif’ s..
$4,000 yearly >
Of this loan $2,000 is in the sinking fund,
.............. 6 j - t 5 July 2 ,1892-95
do
do
40.000
IN T E R E S T - W H E R E PA Y A B LE .— Interest paid on city bonds at
$10,000 yearly.
200,000
July 1, 1893
City Treasurer’ s office; on school bonds by Board of Education,
Local improvement........ 4
J
5 Feb. 13, 1904-’ 16 1,300,000
y O T A L D E B T .— The city’ s total debt Mar. 9 1891 was $590000.
do
do
............ 3
( $100,000 yearly.
A S S E S S E D V A LU A T IO N .— The city’s assessed valuation and tax
, 5 Jan. 1 , 1916-’24
900.000
rate have been as follows, property being assessed at “ about 70 per
do fund, 1890 3
J & J ( $100,000 yearly.
do
Of this loan $400,000 is in the sinking fund.
cent actual value?”
, , July 1,1905-’ 10 i:
Rate o f Tax
Personal
J & J \$100,000 yearly. < 600,000
Eighth ward improv...... 3
per $1,000.
Total.
Property.
Vfiars
Real Estate.
50.000
July 1, 1911
$10,846,732
J & J
$1,8» 5,526
3
1891 .................... $9,041,206
do
do ...
,< Jan. 21, 1917-’20; '
11,020,340
25*30
2,057,810
1890..................... 8,963,530
J & J l $100,000 yearly. \ 400,0003
10,540,067
1886.'.'.’. . . ................................T ( Jan. 1, 1916-’ 23 ]•
9,855,417
J & J ($100,000 yearly. < 800,000
1882
..1890 3
do
do
The tax rate of $25*30 in 1890 included State tax rate, $1*20^ per
6.561.000
$1,000; county tax, $8-32^ per $1,000, and the city tax proper of P ark B onds—
July 1, 1915
J &
7
134.000
July 1, 1916
J &
7
do
do
$15*77.
500.000
J & J Jan. 1, 1917
7
do
do
PO PULATION.—In l 890 population was 25,858; in 1880 it was
410.000
J Jan. 1, 1918
J &
7
do
do
1.092.000
21,924; in 1870 it was 17,225.
J & J July 1, 1924
6
do
do
T 5 J a n . 1 ,1912-’ 14
300.000
J & J l $100^000 yearly.
3
UTES of D)
Sew er B onds and Certificates OF D ebt :
B I N G H A M T O N . — B. S. Cu rran , Mayor.
T , Jan.1,1892, to’ 9 4 )
126 000
Cert, of debt Sd av. sewer 3 I2 J & J l $42,000 yearly.
Binghamton is the county seat of Broome County, about 215 miles
Jan. 1, 1892
175,000
J & j
The water works are estimated to be
do
sewer.......... .. 3 I2
northwest of New York City.
T 5 July2,’92,to 1905 > 401,000
do
Knick.Av.se’r 3*2 J & J £ $29,000 yearly. 5
Worth $1,000,000.
Amount
,— Interest.— .
J & J Julyl,1906 & ’07 s.f.49,161
3
do
do
Outstand­
Principal,
Rate
When
July 1, 1908
s.f.90,000J & J
3
L O A N S—
Main sewer relief, etc—
ing.
P. Gt. Payable. When Due.
July 1, 1922 s.f.H7,Q00
J & j
N A M E A N D PU R PO SE.
3
do
do
—
<1891 t o .......
T $ Julyl,1923,to ’26 ) 400,OOO
$47,000
Albany & Susq. RR. bonds---- 3I2 M & S I $1,000 in’91
J & J ($100,COO yearly. 5
3
do
do
1890
77.000
Court Street Bridge.................. 3^2
33.000 Site and B uilding L oans :
Washington Street Bridge....... 3*2
l si .5 0 ,0 0 0
22.000
J & T 5 j an.1,’94,t 0
Aug. 1,1901
F & A
Fourth Precinct station.. 3
$5,000 yearly. 5
..
Water bonds............................. 7
91.000
Aug. 1,1907
do
.............................. 3*2 F & A
J & J J u ly l , 1 9 1 4 & 1 9 1 5 t-f.2 6 5 ,0 0 0
Municipal site.................. 3
62.000
Aug. 1,1918
do
............. ................. 3i2 F & A




LO A N S—

JtatinteiWhen
Principal,
When Due.
P . Ot. Payable.
o a n s (Continued)—
Public site and const’ct’n 3
J & J $ $100,000 yearly. Ì 500,000
’24
Of this loan $100,000, due in 1921, is in sinking fund.
Oiuaiilg AL
L
J u ly l,’92,tO 1900 )
Qk non
Sold’rs’ and sail’rs’ mon’t
J & J > $15,000 yearly. $ 135,000
!
S oldiers ’ A id F und—
Soldiers’ Aid Fund_ ... 7
J & J
_
Jan. 1, 1892
61,000
do
do
___ ... 7
J < J
fe
Jan. 1, 1893
52.000
J < J
do
do
___ ... 7
fc
Jan. 1, 1894
60.000
T’a x Certificates—
Tax certificates........... .. 4
J & J
1894
1,000,000
do
do
........... ... 312 J & J
Apr. 23, 1894
1,000,000
do
do
........... ... 3
J & J
Oct. 26,1892
500.000
do
do
........... ... 3
J < J
fc
Nov. 1, 1892
500.000
W ater B onds—
Water bonds................ ... 7
J & J
Jan. 1, 1904
287.000
do
do ................ ... 7
J < J
fc
Jan. 1, 1906
60,000
do
do ............. ... 7
J & J
Jan. 1, 1909
87.000
do
do ............ ... 7
J & J
July 1, 1909
100.000
do
do ..........
... 7
J & J
Jan. 1, 1910
341.000
do
do ............. .. 7
J < J
fc
July 1, 1910
97.000
do
do ............
J & J
July 1, 1912
97.000
do ............... .. 6
J & .1
July 1, 1891
816.000
do
do ..........
.. 6
J & J
July 1, 1896
1.429.000
do
do ..........
.. 6
J & J
July 1, 1899
2.715.000
do
do ..........
.. 6
J & J
Jan. 1, 1902
1.229.000
do
do ............
.. 6
J & J
Jan. •1, 1904
260,000
do
do ..........
.. 6
.) & J
Jan. 1, 1906
30.000
do
do ............. .. 6
J < J
fe
Jan. 1, 1907
445.000
do
do ............. .. 6
.1 & J
Jan. 1, 1909
100.000
do
do ............... .. 4
.1 & J
July 1, 1914
389.000
do
do 1890...... .. 3
J & J
Jan. 1, 1905
500.000
do
do 1890........ .. 3
J & J
Jan. 1, 1906
500.000
do
do ............. .. 3
J & J
July 1, 1908
500.000
do
do ............. .. 3
J < J
fc
Jari. 1, 1909
600.000
¿NAME. A N D PU R PO SE.
S it e a n d B u il d in g L

In reply to the charge that the city had exceeded the legal limit in
issuing bonds, Mayor Chapin in April, 1891, made the following state­
ment.
“ Bearing in mind these provisions, I call your attention to the true
statement of the city debt.
The gross debt as stated in the Mayor’ s message on Janu­
ary 5 w as..........................................................................
$42,192,000
4,060,000
The sinking fund contained........................................ ...........
The net debt w as........................................................................ $38,131,000
But of this debt $3,000,000 consisted of tax certificates, which should
be deducted.
The amount then becomes....................................................... $35,131,000
The assessed valuation of the city’s real estate w a s ..........$430,911,000
Upon this valuation the city is entitled to created a debt of $43,091,000
The legal limit, according to the foregoing, appears to be $8,000,000 in
excess of the present debt. But Mayor Chapin adds that if the courts
should hold that water bonds are to be deducted in determining
whether or no the city is within its limit, Brooklyn is still between
$18,000,000 and $19,000,000 inside its limit. Mayor Chapin states
that according to his best judgment “ the courts would not enumerate
“ such bonds, for the reason that the section containing this conatitu“ tional provision is one relating to taxation, and water bonds are not
“ met from taxation, but from the revenue derived from the sale of
“ water.”

A S S E S S E D V A LU A T IO N . —The city’s assessed valuation (about
.................. cash value) and tax rate have been as follows :
Beal
Personal
Bate o f Tax
Tears.
Estate.
Property.
Total.
per $1,000.
1890....... ....$430,911,794
$21,846,807
$452,758,601
29-482
1889....... . . . . 407,127,535
21,330,546
358,270,667
26-50
1888....... . . . . 385,904,998
22,597,240
26-563
354,140,088
PAR V A L U E O F B O N D S .- -Brooklyn’s bonds nearly all
1887....... . . . . 362,166,083
21,685,591
383,851,674
27-595
1886....... . . . . 339,922,812
14,217,276
408,502,238
27-347
IN T E R E S T - W H E R E PAYABLE. —Interest on bonds is paid at 1885....... . . . . 336,221,357
29-482
22,049.310
428,458,081
"the office of City Treasurer in the City Hall, Brooklyn.
1880...... . . . . 223,620,197
11,215,794
26-90
234,835,991
PO PU LATIO N .— 1890 population was 806,343; in 1880 it was
In
T O T A L D EBT , S IN K IN G FUNDS, Et c .—The subjoined statement
shows Brooklyn’s total debt, and the sinking fund held by the city 566,663 ; in 1870 it was 396,099.
against the same, on the first of January of each of the last two years.
B O N D S FREE FRO M TAXATION .—Certain of the city’ s bonds
are free from taxation as indicated by an “ e ” in the table above.
1891.
1890.
$28,867,704
wr^lna^y Tiunded debt................................ $27,662,161
Water debt
......................................... 10,582,000
12,282,500
Temporary debt..........................................
948 000
353,000
Tax certificates...........................................
3,000^000
3,000,000 B U F F A L O . — Charles F. B ishop, Mayor.
Total debt (including water debt)___$42,192,161
Sinking funds.............................................
4,060,595

$44,503,204
9,863,662

In 1890 Buffalo was the eleventh city of the Union in the order of
population. It is an exceedingly prosperous place, being not only an
important railroad centre, but the terminus of the^Erie Canal, and the
leading port at the foot of the great lakes. Buffalo is also the county
seat of Erie County.
/• —
Interest.— .
Amount
LO ANSBate
When
Principal,
Outstand­
When Due.
N A M E A N D PU RPO SE.
P. Cl. Payable.
ing.

Net debt on January 1 ......................... $38,131,56«
$34,639,542
New York & Brooklyn Bridge 3 per cents for $500,000, and Park Pur-chase 3 per cents for $300,000, were offered in 1891, and all but $290,OOO of the former and $10,000 of the latter were sold. The whole of
both loans is included in the table above. In September, 1891, $1,000,
BOO of 4 per cent water bonds were offered.
1. C i t y L o a n s — V a r i o u s P u r p o s e s
A & O
Apr. 26, 1899
$25,000
The debt of Kings County, separate from the debt of Brooklyn, on Volunteer relief .......1880 5
Chicago Fire, 1880
4
A & O
Oct. 5, 1897
50,000
-January 1,1891, was $5,047,500, of which the city is responsible for Municipal building■ 1890.. 3*9, J & J July 15, 1892 to ’95
,
70,000
nineteen-twentieths.
Deficiency, ref., 1890........ 3*2 M & S Mar. 1892 to 1905
165,000
Jan. 1, 1902
45,500
SINKING FUN D.—During 1891 live bonds to the amount of $6,438, Swing bridge......... ....1879 3*2 J & J
Market, 1890........
Apr. 1, 1920
80,000
3*2 A & ()
737 held in the sinking fund were canceled, in accordance with an act Plank road award . ...1890 3
J & D
115,000
June 2, 1910
o f the Legislature. This reduced the gross debt and also the sinking City and County Hall.1872 7
F & A
Aug. 1, 1902
100,000
do
do
M & N
.1873 7
May 1, 1903
100,000
fund total, and decreases the city’s interest charge by $316,000 per
do
do
.1873 7'
M & S
150,000
Sept. 1, 1905
annum. The sinking fund is invested in the city’s own bonds, those
do
do
.1874 7
J & J
July 1, 1907
200,000
issues marked with “ s . f . ” in the table above being wholly in the
do
do
M & S
.1875 7
Sept. 1, 1910
125,000
ao
do
-«inking fund.
.1891 3*2 M & s
Sept. 1, 1911
50,000
2. B onds for P arks :
PROPORTION OF NET DEBT TO ASSESSED VALUATION — Park ........................... 1870 7
J & J
July 1, 1915
100,000
The relation which the net debt bore to assessed vauation in January
do ........................... 1870 7
J & J
July 1, 1916
100,000
do ............................1870 7
J & J
July 1, 1917
150.000
1891, in comparison with previous years, is shown in the following.
do ........................... 1871 7
J & J
Jan. 1, 1918
50.000
do ............................1871 7
J & J
July 1, 1919
100.000
■Jan. 1.
Valuaion.
M -------- Proportion o f debt
Net Debt.
to Valuation.
do ............................1872 7
J & J
July 1, 1921
100,000
$452,758,601
1891....................
$38,131,566
1:11-88
do ........................... 1873 7
J & J
Jan. 1, 1923
95.000
1890............................... 428,483,681
34,639,542
1:12-37
do ........................... 1873 7
J &D
Dec. 1, 1924
100,000
1888............................... 383,851,674
32,014,502
1 :1 2
do .......................... 1874 7
J & J
Jan. 1, 1924
100,000
1886............................... 330,683,762
36,406,772
1:9-08
do .................... .....1 8 7 5 7
J & J
Jan. 1, 1925
100,000
1884............................... 298,936,506
37,048,179
1 :8 -0 7
do ............................ 1875 7
J & J
July 1, 1925
100,000
1882............................... 255,265,945
38,174,421
6-70
J & J
do ........................... 1876 6
Jan. 1, 1924
100,000
D E B T -H O W T O BE PAID.—The total debt on Jan. 1, 1891, as
do ............................ 1887 312 F & A
Feb. 1, 1927
120,000
do ............................ 1890 3*2 J & J
Jan. 1, 1925
50.000
above stated, was $42,192,162. The manner in which this amount is
do ............................ 1886 3
J &J
July 1, 1910
50.000
"to be raised is set forth in the following statement:
do ............................ 1886 3
J &J
July 1, 1926
30.000
do ............................ 1891 3*2 J & J
July 1, 1921
200,000
Bv fa ? ™
o V arge^ vari°}18 b on d s....................................$15,079,694
By tax on first 25 wards, various b on d s................................
3 885 466
3. R ailroad L oans :—
w ater loans by first 25 wards (interest from water revenue) 10!582|000 Buff.N.Y. & Phil. RR., 1872 7
‘J & J
July 1, 1892
100,000
P
Park loans by tax on the first 12 and the 20th to
Buffalo & Jamestown RR. 7
J &J
Jan. 1, 1893
75.000
25th wards.............................................................................. g 697 000
do
do
1873 7
F
A
Feb. 1, 1893
75.000
Tax certificates by arrears of taxes of previous years . . . . !
3!ooo!ooo
do
do
1873 7
J & D
,
June 2, 1893
75.000
special loans by assessment on property benefltted.............
948,000
do
do .
1875 7
J & J
July 1, 1894
75.000
do
do
1875 7
A & O
Oct. 1, 1895
77.000
do
do
1879 5
$42,192,160
F & A
Aug. 25, 1899
75.000
A & O
Apr. 1, 1901
30.000
The $3,885,466 bonds payable by tax on the first 25 wards include all Buff. N.Y. & Phil. RR., 1884 4
1884
M & N
Nov. 1, 1902
75.000
the arrearage bonds, the local improvement bonds due July 1,1893, the Buff. & Jamest’n RR., 1885 4
do
do
4
J & J
Jan. 1, 1904
75.000
soldiers’ aid fund bonds and the certificates of indebtedness for the Buff. N.Y. & Phil. RR., 1885 4
J & J
Jan. 1, 1904
30.000
Buff. & Jamest’n RR., 1888 3*2 A & O
Third Avenue and the Knickerbocker Avenue sewers.
Apr. 1, 1902
75.000
do
do
1886 3*2 F & A
Feb. 1, 1904
75.000
The $948,000 special loans payable by assessment on the property Buff. N.Y. & Phil. RR., 1886
Jan. 1, 1906
40.000
3*2 J & J
benefltted include the Brooklyn local improvement 7s and the 4th and
do
Oct. 2, 1909
do
1889 3*2 A & O
100,000
8th ward improvement bonds.
do
July 1, 1910
do ref., 1890 312 J & J
100,000
do
Dec. 15,1910
do ref., 1890 3*2 J & D
100,000
C IT Y P R O P E R T Y . —The city owns real estate and personal prop­
do
July 1, 1911
do ref., 1891 312 J & J
100,000
erty which it values at $37,745,809, this including $9,236,000 for
\ $12,500 yearly. 1 212.500
Prospect Park and $15,486,662 for the water works. In addition it Schools, 1888....................... 3*2 F &
x tv 5
■owns $12,245,237 stock in the New York and Brooklyn Bridge. The
do
1889....................... 3*2 nr <5 J ^Nov.1,’91 to 1909 ; 142.500
M S N $7(500 yearly. ;
earnings of the bridge in 1890 from tolls were $1,127,000, the total
4. S e w e r L o a n s :—
xeceipts being $1,239,493. At present the surplus over operating Bird Avenue................ 1883 4
238.000
May 1, 1913
M & N
expenses is all consumed in enlarging terminal facilities.
Buffalo Trunk 1888-90....... 3*2 F & A A u g.l,’92to 1918 ) 405.000
$15,000 yearly. >
D E B T L IM IT A T IO N AN D B O R R O W IN G P O W E R — The city’s Bailey Avenue.................... 3 1 J & J
*
July 1, 1918
200.000
debt-making power is limited (as will be more fully seen in our re. Buffalo Trunk........ 1889-90 3*2 F & A
Aug. 1, 1919
10.000
Aug. 1, 1920
F & A
do
............. 1890 3*2
5.000
marks and citations following the debt statement of New York State)
* 5 Aug. 1 , ’92-’ 1916) 250.000
do
.......1886-’87 3
F &
...... 1886-’87
b y the Constitution to 10 per cent of the total assessed value of real
( $10,000 yearly. 5
estate; but this provision, the Constitution reads, “ shall not be con­
do
............. 1887 3
F & A
Aug. 1, 1917
5.000
M '& N
May 1, 1911
30.000
strued to prevent the issue of certificates of indebtedness, or to prevent Babcock & Seneca St..1886 3
do
do
3
M & N
May 1, 1912
30.000
the issuing o f bonds to provide for the water supply.”
Hertel Avenue............. 1887 3
F & A
Aug. 1, 1917
200.000




n filt

5 0
LO AN S—
N A M E A N D PU R PO SE.

,— Interest.— ,
Rate.
When
P. Ot. Payable.

Principal,
When Due.

01TY
Amount
Outstanding.

Vol. LIIL

S U ffl£ M £ N T ,

C A T S K I L L . — Perciyal Golden , President.

This village is in the town of the same name in Greene County. The
$200,000 town had a population in 1880 of 8,311, and its total assessed valuation
91,525 in 1890 was $4,511,087.
70,816
LO A N S—
When Due. Village debt Jan. 1, 1891 $154,000
81,092
35,500
Town debt 1890...............
V illage B onds—
88,536
Tax valuation of village
Water bonds ($1,000 each) —
79,562 4s, J&J, $100,000.............................
in 1890 1,441 4s, J&J, 54,000.............. .............
Real e s ta te .............. 2,473,5458,984
Personal property ... 846,935
T own B onds—
T o t a l....................... 3,320,480
Iron bridge bonds 100,000 4s, M&8, $12,000.......Mar. 1, 1892 Average tax per $1,000.
$6*50
Oct., 1892
A & 0
7
100,000 ($1,500 due yearly) to Mar., 1899 State and county tax
Dec. 1, 1892
J & D
7
200,000 4s, J& D ,$ 20 ,0 0 0 ...!..J u n el, 1892
additional..................
Sept. 1, 1903
$11*81
M & S
7
100,000 ($2,000 due yearly) to J’ne 1, 1901 Population of village, 1890..4,915
Apr. 1, 1905
A & O
7
100,000 Interest on village bonds is payable Population of village, 1880. .4,320
July 1, 1906
J & J
7
200,000
Aug., 1908-09
F & A
at the Catskill National Bank.
7
79,382
Oct. 1, 1908
A & O
7
50,000
Jan. 1, 1896
J & J
7
100,000
July 1, 1896
J & J
6
50,000 C A Y U G A C O U N T Y — H orace T. C ook , Treas.
Sept. 2, 1898
M & S
5
200,000
O Apr. 25, 1898-99
A &
5
County seat is Auburn.
50,000
July 1, 1904
J & J
4
100,000
$20,000
Sept. 1, 1904
M& 8
4
LO ANSWhen Due. Total debt Mar. 1891.
64,000
Tax valuation............ 31,960,095
Nov. 26, 1897
M & N
J ail B onds.
4
100,000 4s, M & S, $20,000.. ..Mar. 1,1892 Population in 1890 was — 65,302
Apr. 25,1900
A & O
4
90,000 ($5,000 due yearly) to Mar. 1,1895 Population in 1880 w as_ 65,081
_
Apr. 1, 1901
A & O
4
100,000
July 1, 1905
3% J & J
100,000
Oct. 1, 1903
3b2 A & O
100,000
Mch. 1, 1906
3bi M & 8
50,000
Apr. 1, 1906
3bi A & O
100,000 C O H O E S . — J ohn Garside , Mayor.
June 1, 1902
3b, J & D
57,500
June 15,1908
J & D
This city is in Albany County on the New York Central'and other rail­
3*2
275,000
June 15,1914
3*2 J & J
100,000 roads, 9 miles north of Albany. It is a large manufacturin place
Dec. 1, 1908
J & J
3*2
225,000 having abundant water power.
May 1, 1919
3^2 M & N
100,000
Amount
Aug. 1, 1909
F & A
7
,— Interest.—
145,000
Oct. 1, 1909
Outstand­
Principal,
3*2 A & O
LO A N S—
Rate When
150,000 NAME AND PURPOSE.
J & J , 1910
ing.
When Due.
3*2 J & J
P- Ot. Payable
100,000
Jan. 1, 1911
3^2 J & J
50,000 Water bonds of 1868........ 7
Aug. 1, 1911
3bî F & A
........
i J$^000 yeariy3 i $44,000100,000
Oct. 1, 1911
3*2 A & O
„
5 July 1, ’ 92 to ’ 10 )
19.00G
do
do 1871, c&r. 1
........
( $1,000 yearly. )
F R EE D O M FROM T A X A T IO N .— The Buffalo trunk sewer bonds
65,ooa
........
July 1,1981
do
do 1883, o&r. 4
are exempt from city taxation.
,
5 Aug. 1 . ’07 t o ’ l l )
25,00G
do
do 1887.
........
) $5,000 yearly, ‘
4
IN T E R E S T — W H E R E P A Y A B L E . —Interest on the bonds is payable
75,00a
July 1,1920
c*r. 4
do
do 1885,
by City Comptroller in Buffalo and by the Gallatin National. Bank in
14,00a
July 1,1923
4
----do
do 1888,
New York, as follows :
25,00a
July 1, ’05 to ’09
do
do 1890.
($5,000 yearly)
- I nterest P ayable .
2,81a
N ov.15,1891
Local improvem’t bonds..
In both ' New York
In Buffalo only—
3,50a
In New York only—
Mar. 8,1892
do
do
and Buffalo—
Deficiency loan.
5,00a
Chicago Are relief.
July 1,1895
do
do
Buffalo Trunk sewer.
Temporary loan.
Sew6r bonds—
City and County Hall.
Hertel Avenue.
IN T E R E S T — W H E R E P A Y A B LE - -Interest on the water bonds
Park bonds.
Babcock & Seneca St.
issued in 1885, and? since, is payable at the Central Trust Company,
Railroad bonds.
Bird Avenue.
New York; interest on all other bonds at Cohoes.
Tax loans
Bailey Avenue
Water loans.
School bonds.
T O T A L D EBT , ETC.—Total bonded debt March 10,1891, $281,319.
Swing bridge.
A S S E S S E D V A L U A T IO N — In 1890 the assessed valuation of real
Market bonds.
Plank road awards.
•state was $10,066,960; of personal property, $660,212; total, $10,Municipal Court b’ld’g.
724,073; tax rate (per .$1,000) for general oity purposes, $8*
00; fo r
T O T A L DEBT, S IN K IN G FUNDS, ETC.—The subjoined statement school and to pay judgments, $2*55; for State and county, $7*00; total,
shows Buffalo’s total municipal debt, the sinking fund held by the city $17*55. In 1880 total assessed aluation was $5,341,100.
against the same, the water debt and the city’ s floating debt on the first
P O P U L A T IO N —The population in 1890 was 22,509; 1 1 1880 it was1
o f September and on the first of January, 1891:
19,416 ; in 1870 it was 15,357.
Sept. 1,1891. Jan. 1,1891.
Total funded debt (including water debt).. $10,008,341
$9,986,736
Sinking funds........................................•
-.......
266,631
280,457
C O L L E G E P O I N T — A. R oesingh , President.
$9,706,279
Net debt o n ............ .................................. $9,741,710
This village is in the town of Flushing and in Queens'. County.
Water debt (included a b o v e ).......................
3,435,882
3,435,882
When Due. Total d eb t...................
LO ANSDebt payable by special assessments, in­
Tax valuation.............
W ater B onds :
cluded above ...............................................
............
363,295
6,127"
Population 1890 was.
7s ......a b t. $200,000
4,192
do
1880 w as..
Other bonds...............
The sinking fund receives yearly about $100,000.
Buffalo is also indirectly responsible for most of the debt of Erie
County.
Treasurer.
C IT Y P R O P E R T Y .— The city owns real estate valued at $7,804,267; C O L U M B I A C O U N T Y . —
personal property valued at $6,828,765 ; total, $14,633,032. This total
County seat is Hudson.
includes the sinking fund and also the water works, whose real estate
LO AN S—
When Due. Tax valuation 1890.. .$25,566,47a
----Total tax (per $1,000)
County B onds.
amounts to $4,998,107 and personal property to $889,000.
----------------,$134,000..
-----* Tax valuation 1889...$26,281,863In 1890 there was received from water rates $600,000 ; paid for inter­ Floating debt, 15,000..
Population 1890 was..
46,172
----47,928
est on water bonds, $175,000 ; maintenance and repairs, $150,000 ; ex­ Total debt July, 1890.. $149,000 Population 1880 w as..
tensions and improvements, $265,000 ; surplus, $10,000.
D E B T LIM IT A T IO N . —The city’s debt is limited by the amendment
_______ ___ _
, Treasurer.
to the State Constitution adopted November 4,1884, to 10 per cent of C O R N I N G . the assessed valuation of real estate. See provisions under State of
This village is in Steuben County, on the New York Lake Erie &
New York.
Western Railroad, 290 miles from New York.
A ilO lXt
.T 'W
iTitcvcst.----.
A S S E S S E D VA LU A TIO N . —The city’s assessed valuation and tax
L O A N S—
Rate
When
Principal,
Outstandrate have been as follows, real estate being assessed at “ about two-

5. Ta x L oans ;
Tax loan..................... 1880
refunding... 1891
do
do
..................... 1887
do
..................... 1888
do
..................... 1889
do
..................... 1890
Temporary loan........ 1890
do
do ........ 1891
6. W ater B onds :
Water
do ........................ 1872
do ........................ 1873
do ........................ 1874
do ........................ 1874
do ...................1874-75
do ........................ 1874
do ........................ 1876
do ........................ 1876
do ........................ 1878
do ...................1879-80
do ........................ 1880
do ........................ 1880
........................ 1880
do ........................ 1881
do ........................ 1884
do ........................ 1885
do ........................ 1886
do ........................ 1887
do ........................ 1887
do ........ ................1888
do ........................ 1888
do ........................ 1888
do ........................ 1888
do ........................ 1889
do ........................ 1889
do ........................ 1889
do refunding.......1890
do
do
.....1 8 9 1
do
do
.......1891
do
do
.......1891

4*2
4
3 b,
3bi
3
3
3
3

J & D
F & A
J & J
F & A
F & A
F & A
M & N
Var’s.

June 28,1900
Aug. 1, 1896
July 1, 1892
Aug. 15, 1893
Aug. 1, 1894
Aug. 1, 1895
Nov., 1891
1892

thirds its actual value.”

Rate o f Tax
Personal
Total.
per $1,000.
Years—
Real Estate.
Property.
$179,957,460 $21 *529983
1891........... $168,181,880
$11,775,^80
162,359,450
20*34253
1890.......... 151,356,325
11,003,125
157,512,570
............
1889.......... 147,168,115
10,344,455
133,076,805
............
1888.......... 123,693,900
9,383,405
83,910,583
...........
1880...........
76,288,208
7,622,3(75
The tax rate in 1891 includes State and county tax, $4*592; lamp tax,
$1*123146; city tax proper, $15*814837; total, $21*529983.
Total amount raised by taxation in 1890 was $2,383,789.
P O P U L A T IO N .— In 1890 population was 255,664; in 1880 it was
155,134; in 1870 it was 117,714.

C A N T O N V I L L A G E . — A. J. L a k e ,T reasurer.

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

P . (71 Paj/aWe.

4
J &
$5^000 yearly.
$50-000
IN T E R E S T — W H E R E PAYABLE.—Interest is payable in New York
City, the interest on the sewer bonds being payable at the Knicker­
bocker Trust Company.
T O T A L D E BT , E t c .—The total funded debt as last reported was
$50,000.'
A S S E S S E D V A LU A T IO N .— In 1890 the assessed valuation o f
Corning City was $2,609,405; tax rate (per $1,000)), 9*25312. In
1886 total assessed valuation was $1,700,000.
P O P U LA T IO N . —The population in 1890 was 8,550; in 1880 was4,802.

C O R T L A N D V I L L E . — G. 0 . H ubbard , S u p Y

This village is in the town of Canton and in the County of St. Law­
This town is in Cortland County.
rence. The town in April, 1891, had only $11,000 of 4 per cent bonds
LO A N S—
When Due.
outstanding. Its population in 1880 was 6,275.
B ridge B onds—
Total bonds April, 1891. $75,000 3*65s, . . . . $8,000... .1891 t o ........
LO A N S—
When Due.
($2,000 due in 1891)
Tax valuation of town in
Sew er B onds—
R ailroad B oni s—
1890 w as........... ...........3,267,140
3*28,........ , $35,000....
........
Population in 1890 about---- 3,700 5s, . . . . $236,200...............................
W ater B onds—
3*28, J&J, $40,000... .July 1,1909 Population in 1880 was -----2,049 Total bonds Dec., 1890. ..$244,200




ln g-

Village bonds........... .........

Tax valuation in 1890. .$2,417,231
Real estate being....... 2’ 195’800Personal property—
221,431
State, county and town
tax per $1,000...........
$22*214
Population in 1890 was........ - ■- - - Population in 1880 w as........ 6 ,140

October, 1891.

51

D E L H I . — J ohn A . K emp, Supervisor.

LO A N S —

This town is in Delaware County.
iL O A N S When Due. Tax valuation 1890 N. Y. & Oswego M idl ’ h r r .—
Real estate...................$1,016,900
7s, J&J, $222,600......... Jan., 1894
Personal property___
232,325
Total debt Nov., 1890... .$222,600
T ota l..................... .. 1,249,225
Par value $1,000, $500 and $100.
$21-10
Tax per $1,000.............
Population in 1890 was
2,908
Population in 1880 was
2,941
IN T E R E S T is payable at the American Exchange National Bank,
New York City.

D U N K I R K . — W m . B ookstaver , Mayor.
This city is in Chatauqua County.
When Due, Total debt...... ..............
LO A N S —
W ater B onds :
Tax valuation 1890—
7 s,........ abt. $125,000..
Real estate..................$1,762,083
Other bonds.
Personal....................
130,700
Population in 1890 was
9,416
do
in 1880 was
7,248

D U TC H E SS
Treasurer.

C O U N T Y . — I.

The county seat is Poughkeepsie.
LO ANSWhen Due.
D efense L oan.
•7s, M&8, $18,000....................1892
—s, M&S, 20,000.................... ......
F unded L oan.
3s, M&S, $20,000.... 1893 to 1896
($5,000 due yearly;.

N. Sherrill ,

Valuation, etc.—
Total debt Feb., 1891.
$58,000
Tax valuation in 1890
was............................. 47,304,005
Population in 1890 was_ 77,879
_
Population in 1880 was___79,184

E L M I R A . — Charles S. D ayiso n , Mayor.
Elmira is the capital of Chemung County, and the largest city on the
New York Lake Erie & Western Railroad between Buffalo, N. Y., and
Paterson, N. J. It is 274 miles northwest of New York City.
/— Interest.— .
Amount
LOANSRate
When
Principal,
Outstand­
N A M E A N D PU R PO SE.
P . Ot. Payable.
When Due.
ing.
Bridge (iron) bonds..........c 7
M & N Nov. 1-, 1891-94
b$31.500
Maturing $6,500 to $11,000 yearly.
do
repair.. 1890 4
J & D l $1,000 yearly,
4.000
*
i
Fire Department bonds... 4
J & d |Dec. 1,1891-1895
13.000
l Part yearly.
Floating debt bonds.l875.e 7
F & A 5 Aug. 1,1892-1894
a6,000
( $2,000 yearly.
do
do .1876.C 7
F & A Aug. 1, 1892-94
a9,000
Maturing $1,000 to
Fund’g debt bonds..1878.c 6
M & N
Nov. 1, 1895
alO,000
do
do ..1877.C 5
F & A •Aug. 1,1892-1894
al2,000
$4,000 yearly,
do
do .1879-80 5
F & a ' AUg. 1, 1895
4.000
do
do .1879-80 5
A & O Oct. 1,1895 & ’96
4.000
do
do .1879-80 5
M & N
Nov. 1, 1896
12.000
General fund ..........1889.r 3
M & S Sept. 1891 to ’93
8.000
Park bonds (Eld. P k .)’89.r 3
M & S Sept. 1,1892-97
a30,000
$5,000 yearly.
do
do ’ 89.r 3
M & $ Sept. 1,1898-99
b7,500
School bonds. ......... 1889.r 3
J & J July 1,1897-98
gl0,000
do
........ 1889.r 3
J & J
July 1, 1899
gl0,000
Sewer bonds. ............. 1884 43s F & A
Aug. 1, 1899
a9,000
1891-94
do
........ 1882.c 4
J & D- Dec. 15, yearly.
a20,000
$5,000
do
........ 1883.c 4
J & J July 1,1895-96
alO,000
do
........ 1883.c 4
F & A
Aug. 1, 1897
a20,000
do
........ 1883.c 4
A & O
Oct. 1, 1898
a21,000
do
........ 1886.c 33fl M & N
Nov. 15,1891
a2,000
do
........ 1889.. 3
M & S
Sept. 1, 1899
alO,000
do
........ 1889.. 3
M & s
Sept. 1, 1900
a20,000
do
........ 1889.. 3
M & s
Sept. 1, 1901
a.20,000
do
........ 1889.. 3
M & s
Sept. 1, 1902
alO,000
Dec. 1,1891-1893
Street Repair bonds.......... 4
J &
a3,000
$1,000 yearly.
t

a $1,000 each.
Registered.

I> $500 and $1,000 each,

g $5,000 each,

c Coupon.

T O T A L D EBT , S IN K IN G FUNDS, E t c .— The subjoined statement
shows Elmira’s total debt, on the fourth of February of each of the last
"two years.
$334,860
T ota l bonded debt.....................................................$324,430
Street, sewer, etc., bonds for $370,000 were talked of in 1891.

N A M E A N D PU R PO SE.

.— Interest.— ,
Rate
When
P. Ot. Payable.

Principal,
When Due.

Amount
Outstand
ing.

Flatbush ave. bonds........ 3 ^ F & A |Au^5oo9yearly9° 3 }
do
do
....... 3*2 F & A Aug. 1,’92 to 1904 5 a5,000
These bonds mature $1,000 every third year till 1904.
Flat.av.asse8sm’tbonds.c 3 ^
Sewer bonds....................c
do
o
Bn
0
ao
.................c
Sewer assessm’t bonds..c

M & N|

^)()iyeariy'99 ^

50,000

3 ^ J & J { J $io!ooO y e L l? 1 1 1 a130’000
3^ J & J
July 15,1912
a2,000
-31« T A T 5 July 15,1913 to ’ 28 ) „ , o nAil
J ®
$3,000yeaaly.' S a48’000
3ia M & N | o ’ooyearly^09 ^ 75,000

a $1,000 each.
T $500 each.
b
c coupon.
D E B T LIMITATION.—The amount of bonds issued by the town o f
Flatbush (including all bonds outstanding) is limited by law to 10 per
cent of the assessed valuation of taxable property. See Laws of New
York of 1889, chapter 161.
IN T E R E S T — W H E R E PAYABLE.—Interest is payable at the office
of the Long Island Loan & Trust Company in Brooklyn.
T O T A L D EBT , Etc .—The total municipal debt on April 1,1891
was $315,000. Flatbush had no debt previous to the year 1890. The
town has no sinking fund, all issues of bonds being payable in instal­
ments.
A S S E S S E D V A LU A T IO N .— In 1890 the assessed valuation of real
estate was $6,156,465; of personal property, $350,000 (estimated);
total, $6,506,465. Tax rate (per $1,000), $21-92. In 1880 total assessed
valuation was $4,260,827.
POPULATION.—The population in 1890 was 12,000 (estimated)
in 1880 it was 7,634; in 1870 it was 6,309.

F L U S H I N G . — C. B . Smith , Clerk,
This city is in Queen’ s County.
L O A N S—
When Due.
Map and F ire E ngine78, A&O, $11,000....
1893
School B onos ’91, $1,000 e’h—
4s, M&S, $1,000.......Sept. 30,1907
4s, M&S, 44,000.......Sept. 30, 1908
Street B onds, 1890—
4 b, M&N, $40,000...
1891
($4,000 due yearly) to 1901
V illage I ndebtedness—
7s, A&O, $20,000...
1892
Water B onds78, A&O, $25,000...
1894
7s, A&O, 125,000...
1903
5s, A&O, 23,000...
1909
5s, A&O, 20,000...
1914

Valuation, etc.—
Total debt Nov., 1890.. $274,000
In ’ 91 school bonds were
45,000
issued for.....................
Tax valuation in 1890...2,349,535
Tax valuation in 1889.. .2,235,517
Property is assessed m’h
below its actual value.
Av. tax rate (p.$1,000)..
$19-70
Population in 1890 was___10,868
Population in 1880 was(est-) 6,683
Interest is payable on school
bonds at Market & Fulton Bank,N.
Y.; on other bonds at Seventh Nat.
Bank, N. Y.

F R E D O N I A . — J. A . W ar r e n , Clerk.
This village is in Chautauqua County in Pomfret Township on
the line of the Dunkirk Allegheny Valley & Pittsburg Railroad, three
miles south of Dunkirk.
> Interest.— ,
—
Amount
Rate
When
Principal,
OutstandLO ANSP. Ot. Payable.
When Due.
ing.
N A M E A N D PU RPO SE.
T c_ * 5 1891 to 1922 )
j,
AAA
Water bonds (1884)............ 4
F & A ($2,500 per year. \ $80,000
a
^ n 5 1901 to year )
AAA
Village hall bonds............... 3*2 A & ° |$1)500 per1921 £ 30,000

IN T E R E S T — W H E R E

PAYABLE. —Interest is payable in New

York City.

T O T A L D EBT , Etc .—The total funded debt on March 23, 1891,
was $110,000, of which water debt was $80,000.
A S S E S S E D V A LU A T IO N . —In 1890 the total assessed valuation was
$1,384,000; tax rate, (per $1,000) $8. The actual valuation was placed
at $3,309,000.
POPULATION.—The population in 1890 was 3,400; in 1888 was
2,692; in 1870 was 2,546..

G L E N S F A L L S .—
This village is in Warren County.
LO A N S—
When Due.
Water B onds, E tc.
7s, $100,000.....................................
Total debt due July 1890.$100,000

President.
Tax valuation 1890 was.
$
Total ta x (per $ 1 ,0 0 0 )....
$ ____
Population in 1890 about
7,500
Population in 1880 was....... 4,900

A S S E S S E D V A LU A T IO N . —The city’s assessed valuation and tax
Tate have been as follows in the years named:
Real
Personal
Rate o f Tax
Tears.
Estate.
Property.
Total.
per $1.000. G L O V E R S V I L L E . — J. F rank D a v is , City
1890.....................$12,258,494
$1,116,20«)
$13,374,694
$14-15
Chamberlain.
1889.................... 11,966,619
1,015,700
12,982,319
13-57
1888.................... 11,666,917
“ "Wm
927,100
12,594,017
15-35
Glover aville, which is situated in Fulton County, was incorporated as
1880.................... 9,959,975
511,300
10,471,275
13-15
a city March 19,189 ), having theretofore formed part of the town of
POPULATION.—In 1890 population was 29,708; in 1880 it was Johnstown. On the separation the city was assigned a portion o f
-20,541; in 1870 it was
Johnstown’s debt. (See Johnstown.) The city is situated about 53
miles northwest of Albany. It’s chief industry, from which it derives
its name, is the manufacture of gloves and mittens.
E R I E C O U N T Y .—
Treasurer.
.— Interest.— ,
Amount
County seat is Buffalo.
Rate
When
Principal,
OutstandLO ANSP. Ot. Payable. When Due.
ing.
LO ANSWhen Due. Total debt 1891........
$720,000 N A M E A N D PU RPO SE.
County B on i s—
Tax valuatien 1890.. 186,592,358 Water loan, 1878............. ........ 6
Aug. 1 Aug. 1, 1893
$10,000
Vs, . ..., $475,000
Real estate .......... 183,159,835
do
1877............ ........ 6
Sept. 1 Sept. 1, 1897
24,000
7s, . ..., 100,000
Personal property.
3,432,523
do
1877............ ........ 6
23,Q00
Sept. 1 Sept. 1, 1902
«S, . ..., 100,000
State & Co. tax per $1000..............
do
1877............ ........ 6
Sept. 1 Sept. 1, 1907
23,000
48, . ...,
45,000
Population in 1890 was*. .322,981
do
Jan. 1 Jan. 1, 1910
1885............ ........ 5
17,500
-.s, . ...,
20,000
Population in 1880 w a s.. .219,884
do
F & A Aug. 1, 1909
1889............ ........ 3
55,000
Railroad bonds............... ........ 312 A & O Apr. 1, 1911
22,000
IN T E R E S T — W H E R E P A Y A B L E — Interest on the issues of 1878
F L A T B U S H . — F. M. Gleason , Town Clerk.
and 1885 is payable at the Fulton County National Bank of GloversThis town is in Kings County.
ville; on the issue of 1877 in New York at the Fourth National Bank,
Flatbush is situated in Kings County, four miles southeast of Brook­ and on the issue of 1889 in New York by Coffin & Stanton; on the rail­
ly n and adjoining Prospect Park.
road bonds by Fourth National Bank, N. Y. City.




Vol. LUI.

52
T O T A L D E B T Et c .—The total funded debt on April 1, 1891»
was $174,500. Water debt (included in total funded debt) $152,500.
W A T E R W O R K S. —Tbe income from the waterworks owned by the
city is $20,000 per year. Net earnings f o r year ending February
1891, were $3,652.
ASSESSED VALUATION.—In 1891 tbe assessed valuation of real
estate was $3,470,687; of personal property, $375,555; total, $3,846,242. In 1890 total assessed valuation, $3,649,232. Tax rate (per
$1,000), $ 2 0 T 0 ; additional school tax, $6'30 (per $1,000). Property
is assessed at “ about 50 per cent actual value.”
POPULATION—The population in 1890 was 13,845; in 1880 it was
7,133; in 1870 it was 4,518.

G O U V E R N U E R . - G . W . Smith , Treasurer.
This village is in the township of Gouverneur, in St. Lawrence County.
LOANSWhen Due. I Total debt Mar., 1891..
$62,200
W ater L oans :
I Tax valuation 1 8 9 0 .... $1,016,830
3*28, J & J, $60,000....
1910 I Population in 1890 was
3,500
Interest is payable in New York. |
do
m 1880 was
2,071

G R E E N E C O U N T Y . — F Rederick H ill , Treas.
County seat is Catskill.
A lms H ouse B onds—
LO A N S—
When Due.
3*28, . . . . $1,500........ Mar. 1,1892
War bonds —
($500 due yearly) to Mar. 1,1894
7s, ___$234,000___ Mar. 1,1892
$13,000......Mar. 1,1895
7s
....
14,000... .Mar. 1,1893 3*28,
$309,500
7s, . . . .
15,000... .Mar. 1,1894 Total debt Mar. 1891.
7s, . . . . 1 7 ,0 0 0 ....Mar. 1,1897 Tax valuation 1890— 14,249,695
5s, . . . . 15,000... .Mar. 1,1896 Population in 1890 was...... 31,598
Population in 1880 was — 32,695

490; tax rate (per $1,000), $20-61. In 1880 total assessed valuation
was $5,889,095.
PO P U LA T IO N . —The population in 1890 was 9,970 ; in 1880 it was
8,670 ; in 1870 it was 8,615.

I T H A C A . — H . A . St . J ohn , Mayor
This city is in Tompkins County.
Amount
• Interest.— •
—
Principal,
Outstand­
LO A N S—
Date
When
ing.
When Due.
N A M E A N D PU R PO SE.
P •Ot. Payable.
$57,000
June, 1900
J & D^
Railroad aid........................ 7
Nov. 1891-1893
15,000
School.................................. 5
M & N • $5,000 yearly.
T O T A L D E B T Et c .—The total funded debt on March 24, 1891,
was $72,000; sinking fund assets $14,500; net debt $57,500.
ASSESSED VALUATION.—In 1890 theassessed valuation of real
estate was $2,518,617; of personal property, $446,080; total,$2,964,697; tax rate (per $1,000)................ Real estate is assessed at “ about
one-third its actual value.” In 1880 total assessed valuation wa3
$3,513,655.
PO PU LA T IO N . —The population in 1890 was 11,079; in 1880 was
9,105.

JEFFER SO N

C O U N T Y .— 0.

County seat is Watertown.
LO A N S—
When Due.

B ridge B onds—

4s, A&O, $5,000..........Oct. 1,1891
Outstanding T
ndebt . B onds—

G R E E N B U S H — W . H . H effem, Clerk.
This place is in Rensselaer County.
Valuation, etc.—
LO A N S—
When Due.
Total debt July, 1890..
$97,000
Sew er B onds.
4s, J&J, I
f July 2,1896 Assessed valuation of
town in 1890—
4s, J&J,
July 2,1898
Real estate.................. 3,211,820
4s, J&J, ) $55,000 I July 2, 1899
Personal property—
19,600
4s, J&J,
|July 2,1901
4s, J&J, J
l July 2,1903 Population of village in 1890 ........
Population in 1880 was........ 3,295
Other bonds, $42,000
........
Population of town in 1880. .6,743

H A M D E N . — H . A. Combs, Supervisor.
This town is in Delaware County.
LO AN S—
When Due. Tax valuation 1890....... $600,220
State, county and town
N. Y. & Oswego Midl ’ d RR.
tax per $1,000.............. $19-43
7s, J&J, $92,500........ Jan. 1,1894
Par value $1,000, $500 and $100. Population in 1890 was...................
Total debt, Nov., 1890.......$92,500 Population in 1880 w a s... 1,648
IN T E R E S T is payable at the American Exch. Nat. Bank, N. Y. City.

H A N C O C K — S. N. W heeler , Supervisor.
This town is in Delaware County.
LO A N S —
When Due.
B ridge B onds (1885)
6s, M,
$ 8,000.... Mar. 1,1892
($2,000 due yearly) to Mar.1,1895
Compromise RR. B on s :
4s, M&S, $80,000.... March, 1892
(due in different y ’rs) to Mar. —

Total debt Nov., 1890..
$94,000
Tax valuation 1 8 9 0.... 1,187,710
State, county and town
tax per $1,000...........
17-29
Population in 1890 was
............
“
in 1880 was
3,238
Interest on RR. bonds at Farmers’
L. & Tr. Co., N.Y.

De

Grasse

G reene , County Clerk
Total debt 1890............... $20,000
Tax valuation 1890........6,311,677
Population in 1890 was — 68,806
Population in 1880 was — 66,103

4s, A&O, $15,000........ Oct. 1, 1891
($3,000 due yearly) to Oct. 1,1895

J O H N S T O W N . — Oliver Getman , Supervisor.
This is a town in Fulton County. The city of Gloversville was
formed out of a portion of its domain in 1890, and a part of the town
debt below described was then assigned to said city.
Valuation, etc.—
L O A N S—
When Due.
Tax valuation in 1890 was :
F onda J ohns. & G lovers . RR.
7s, Nov. 1, $40,000...Nov. 1, 1890 Real estate.....................$3,158,462
338,434
7s, Nov. 1, $46,000...Nov. 1, 1892 Personal property........
$12-90
7s, Nov. 1, 17,500.. .Nov. 1, 1894 Total tax (per $1,000)..
Tax valuation in 1889.....................
7s, Nov. 1, 60,000.. .Nov. 1, 1896
--- - Total debt Mar. 19, 1890,$191,026 Population in 1890 was
16,626(Including floating debt $27,526) Population in 1880 was

J O H N S T O W N . — E d w in B ayl ie s , Mayor.
This city is in a town of the same name in Fulton County.
LOANS—
When Due. Tax valuation of town iu 1 8 9 0 Real estate................. $3,158,462
(1898
Personal property ...
338,434
6s, July 1, $60,500...............3 1903
T o ta l...........3,496,896
(1908 State, county and town
tax per $ 1,000...........
Total debt July, 1890.......$60,500
City tax prop er............
$2
Population in 1890 was abt. 7,500
Population in 1880 was abt. 5,013
N T E R E S T is payable at Johnstown Bank.
W ater B onds—

K IN G S

C O U N T Y .—

* Treasurer.

Kings County includes the city of Brooklyn, which is therefore indi RA ILR O A D BON DS.— In 1871 $100,000 bonds were issued, illegally rectly responsible for about
Amount
,— Interest.— ■
it was claimed* in aid of the New York & Oswego Midland RR. The
Outstand­
Principal,
Bate
When
LOANStown resisted payment of interest and in 1887 a compromise was ef­
ing.
When Due.
P. Gt. Payable.
fected with the holders of all but $6,300 (still outstanding), in accord­ NANE AND PURPOSE.
$150,000
May, 1899
M & N
County farm loan........ . . 4
32.000
ance with which the present 4 per cent compromise bonds were issued.
May, 1905
.. 4
M & N
32.000
May, 1906
M & N
.. 4
119.000
May, 1907
M & N
.. 4
119.000
May, 1908
M & N
.. 4
H E R K I M E R . — A . B. Steele , Mayor.
100.000
May, 1901
do
do
........ .. 3*2 M & N
1902 to 1906
This village is in Herkimer County.
500.000
M & N $ $100,000 yearly
do
do
........ ... 3*2
LO A N S—
When Due. \ T ax V aluation in 1890—
100.000
May, 1914
do
do
........ ... 3^2 M & N
W ater Works —
|Real estate........................$2,044,700
200,000
May, 1900
M & N
... 3
3^2S, July 1, $57,000.
i Personal property............................ 178,450
May,1892 to ’98
133.000
Total debt Mar., 1891..
$57,000 1
---------------- Hall of Records loa n ... ... 5
M & N 3 $19,000 yearly
Population in 1890 was ab’t .4,000 I
Total......................... $2,223,150
54.000
May, 1900
M & N
... 5
Population in 1880 was.........2,359 |City tax proper.............
$5-14
54.000
M & N
May, 1901
... 5
50.000
IN T E R E S T is payable at Albany.
May, 1891
M & N
New jail loan................ ... 5
50.000
May, 1892
M & N
do
................
45.000
May, 1893
... 5 . M & N
266.000
May, 1891
M & N
Refunding..................... ... 5
H U D S O N . — L evi F. L ongley , Mayor.
233.000
May, 1892
M & N
... 4
do
.......
150.000
May, 1893
M & N
The city of Hudson, incorporated in 1785, is situated on the east bank
... 4
do
...........
220.000
May, 1894
M & N
... 4
do
.....................
of the Hudson River, 115 miles north of New York. It is the County
219.000
May, 1895
M & N
... 4
218.000
seat of Columbia County.
May, 1896
M & N
... 4
,— Interest.— >
Amount
132.500
May, 1897
M & N
do
................... ... 4
Bate
When
Principal,
Outstand132.500
LOANSMay, 1898
M & N
do
................... . . . 4
Payable.
When Due.
ing.
121,000
N A M E A N D PU R PO SE.
P. Ot.
May, 1900
M & N
... 4
121,000
May, 1901
M & N
Feb. 10 Feb. 10,1897, &c.
Refund’d loan of 1854-1884 4
$16,500
do
... ............. ... 4
119.000
May, 1902
M & N
Oct. 1 Oct. 1. 1899, &c.
25,000
School house bonds.. .1886 4
do
................... ... 4
119.000
May, 1903
M & N
do
_ - .............. ... 4
_
87.000
Feb. l j : Feb. 1 , 1892-’97 ;1 95,000
Water loan....... .1874 & ’75 7
May, 1905
M & N
do
........... i ___ ... 4
part each year. <
87.000
May, 1906
M & N
Sept. 1
Sept. 1, 1896
do
..................... ... 4
5,000
do
....... .......... 1887 7
104.000
May, 1909
M & N
... 4
Jan. 15,1892, &c.
Jan. 15
do
...................
5,500
do
....... .......... 1885 4
104.000
May, 1910
M & N
... 4
40,000
do
....... .......... 1887 3^2 F & A Aug. 22,1894, &c.
130.000
May, 1918
do
—
— ... 312 M & N
Apr. 1 ji Apr. 1, 1892-’95 ^
180.000
4,000
Miscellaneous city bonds.. 7
May, 1915
M & N
... 3
1 $1,000 yearly.
119,000
May, 1904
M & N
... 4
;
F & a |Feb. 1, 1892-1912 £ 12,750 State tax loan...............
7
do
do
1 part each year.
Certificates of Indebtedness :—
Apr. 1,1898, &c.
A&O
30,000
4
do
do
50.000
M & N
Nov., 1892
May 1, 1902
May 1
4
10,000 Armory (13th regiment).. 4
do
do
50.000
M & N
Nov., 1894
do
• do
..4
60.000
M & N May 1, 1895
do
do
.. 4
INTEREST—W HERE PA Y A B L E —Interest is payable in Hudson
60,000
M & N May 1, 1897
do
do
.. 4
at the office of the City Treasurer.
60,000
M & N May 1, 1899
do
do
.. 4
5 July 1891 to ’94 \
T O T A L DEBT, Et c .—The total funded debt on April 1,1891, was
24,000
Armory (32d regiment)... 4
........ \ $6,000 yearly 5
$243,750, including water debt, $141,500. The total debt in 1880 was
5 July 1891 to ’94 )
78,570
do
do enlarge’nt 4
$321,250.
........ t $15,714 yearly S
ASSESSED VALUATION.—In 1890 the assessed valuation of real
c -v 5 May 1892 to ’95 \
r
150,000
Supplies dept, of charities 3% M &
? $50,000 yearly f
state was $4,338,740; of personal property, $1,303,650; total, $5,642,-




October, 1891.
IN T E R E S T — W H E R E PAYABLE. —Coupons are paid by the Merch­
L O A N S—
When Due.
Ta x V aluation in 1891—
F loating D ebtants’ National Bank of Brooklyn; registered interest at the office of
Beal estate........................1,497,520
48, July, $7,000..........July 1,1892 Personal property........... 242,000
County Treasurer, Brooklyn.
($1,000 due yearly) to July 1,1900 Total................................ 1,739,520
School D istbict No . 1—
T O T A L DEBT, ETC.—The subjoined statement shows the total debt
Ta x R ate P er $1,000.—
......
4 s ,........ , $ 22,000___
State and County........ ..
21-90
o f Kings County on the first of August, 1890 and 1891.
Water B onus­
20*52
City tax proper...............
' s, ........ ,$305,000...
........
Total..............................
42*40
Total funded debt................................................ $5,342*000
$4,047?500 Total municipal debt ’91. $32,000 Population in 1890 was........ 8,783
Certificates of debt for armories, &c................
632,902
452,572 Water debt additional... $305,000
Population in 1880 was........ 6,910
$4,500,072
Net debt on August 1................................... $5,974,902
In addition to the debt as given above there were on August 1,1891,
$550,000 certificates of indebtedness issued in anticipation of taxes L O C K P O R T . — J ames S. L iddle , Mayor.
and bonds.
This city is situated in Niagara County on the Erie Canal and the
D E B T L IM IT A T IO N .—The county’s debt is limited by law to 10 per Rochester and Niagara Division of the New York Central RR.
.— Interest. — ,
cent of the assessed valuation of its real estate.
Amount
Bate
When
Principal,
LO ANSOutstand­
ASSESSED VALUATION.—The county’s assessed valuation in 1890 N A M E A N D PU RPO SE.
P. Ot. Payable
When Due.
ing.
was ............
T Jan. 1, ’92-1901
Railroad bonds.......... .
7
J & d 5 $10,000 yearly. ) $100,000
(
<
Water bonds........................ 3 ^ M & N 5 Nov. 1,’92-1906 >
40,000
( $2,666 67 y’rly. (
( N ov.l, 1902-’ 13 )
K I N G S T O N . — J ohn E. K raft , Major.
Union school bonds............ 3*2 M & N-? $10,000yearly, >
125,000
Kingston is the capital of Ulster County and is situated 54 miles
C& $5,000 in ’ 14. )
south of Albany, on the Wallkill Valley and Ulster & Delaware RRs.
IN T E R E S T - W H E R E P A Y A B L E —Interest is payable at City
,— Interest.— ,
Amount Treasurer’s office.
Hate
When
LO ANSPrincipal,
Outstand­
N A M E A N D PU RPO SE.
P. Gt. Payable. When Due.
T O T A L DEBT, Et c .—The total funded debt on January 1, 1891,
ing.
was $265,000; sinking fund assets, $19,000; net debt, $246,000;
t i. t 5 Jan.15,’92 to ’97)
City H all............................... 7
$60,000
J
J ( $10,000 yearly. <
water debt, $40,000. In addition the city has a debt of $100,000 for
do
............................... 7
J & J Jan. 15, 1898
20,000 local improvements, which is payable by special assessment. The sum
Deficiency b on d s........ Ï890 4
F & A Feb.1,1892 to’93
12,000
^ do
do. ........ 1890 3*65 F & A Feb.1,’94,’ 95 & ’96
14,397 of $1,000 is payable to the sinking fund yearly.
Refunding..........
4
J & J Jan. 15, 1911H
25.000
ASSESSED VALUATION—In 1 8 ® the assessed valuation of real
Subject to call after 1891.
do
....... 4
J & J Jan. 15, 191211
25.000 estate was $6,038,660; of personal property, $411,340; total, $6,450,Subject to eall after 1892.
000. In 1890 total assessed valuation was $6,378,740; tax rate (perdo
...............
.....3
J & J Jan. 15, 1914
36.500 $1,000), $21*17.
do
........ ....
J &
Jan. 15, 1915
31.500
do
............
POPULATION—The population in 1890 was 16,038 ; in 1880 it was
36.000
Wallkill Valley RR.
... 7
J & J Jan.' 15, Ï9Ô1
169,200 13,522; in 1870 it was 12,426.
IN T E R E S T - W H E R E P A Y A B L E T O T A L D EBT , Et c .—The total funded debt on March 1,1891, was

$403,200, against $644,880 in 1880.

L O N G I S L A N D C I T Y . — Patrick J. Gleason ,.

Mayor.

A S S E S S E D V A LU A T IO N . —In 1890 the assessed valuation of real
Long Island City is situated on the East River opposite the city o f
estate was $10,206,670; of personal property, $2,133,675; total $12,340,345; tax rate (per $1,000), $14,456. Real estate is assessed at New York, and is separated from Brooklyn by Newtown Creek. It is in
“ about 90 per cent o f its actual value.” In 1880 total assessed valuation Queens County.
-Interest.—
was $6,577,904.
Amount
Bate
When
LO ANSPrincipal,
Outstand­
NAME AND PURPOSE.
P. Ot. Payable¡.
When Due.
PO P U LA T IO N .— The population in 1890 was 21,261; in 1880 was
ing.
18,344.
Newtown funded debt___ 7
F & A ( Feb. 1,1892-1901) $181,500
’ ( $20,000 yearly. 5
do
(refunded)........ 7
F & A ( Feb. 1,1908-1911 )
64,000^
( $16,000 yearly. 5
L A N S I N G B U R G (Village).— C. H . D au c h y ,
do
do
........ 6
F & A ( Feb. 1,1913-1919) 112.500
\ Part each year. 5
Treasurer.
do
do
........ 4
F & A
Feb. 1, 1920
16,000Lansingburg is situated in Rensselaer County, on the Hudson River, Water loan (funded).......... 7
M & S 5 Sept.l,1891-1914) 270.000
( $20,000 yearly. J
ten miles north o f Albany. The principal industry of this place is the
do
(refunded)___ 6
manufacture of brushes.
A & O <Oct. 1, 1911-1914)
47.000
c Part each year. 5
.— Interest.— ,
Amount
do
do
___ 5
M & 8 ( Sept.l,1918-1919)
LO ANSBate
When
30.000
Principal,
Outstand­
($15,000 each ye’r 5
N A M E A N D PU RPO SE.
P. Gt. Payable.
When Due.
ing.
do
do
1890 4
M & S
Sept. 1, 1920
15.000
Water bonds....................... 4
M & S
do
1904
do
1890 313 M & N
$20,000
May 1, 1920
10.000
do
............
A & O
Oct. 1, 1910
15.000 Fire department bonds___ 7
M & S
Sept. 1, 1902
20,000
do
.............
M & S
1914
30.000
do
............
& J ( July 1,1892-1895 )
T
M & S
Survey and map bonds.. .r 7
1924
J &
40.000
59.000
do
.............
®
( $12,000 yearly. $
M & S
1934
60.000
do
.............
M & N
T Nov. 1, 1938
25.000
do
(refunded) 5
J & J ■July 1,1918-1919)
do
...........
22.500
J & J
Part each year. 5
July 1, 1939
10.000
do
............
M & N
May 1, 1941
do
do
5
J & J
15,000
July 1, 1921
9,000
Public school bonds . . . ___ 413 M & S
Sept. 1, 1908
$2,000
Sewer bonds............
203.000
413 A & O each y’ror $3,000;1
do
35,333
do
1891.. 4*2 M & S
Mch. 1, 1910
until p’d.
17.000
Engine house bonds, 1889. 5
J & D
June 1, 1909
16.000
1891, $3,000. ;
Funded debt bonds, 1883.. 5
A & 0
School bonds...................... 4
Oct. 1, 1903
217.000
1892-1899,
!
19,000
do
do
1891 95
75.000
$2,000 yearly, j
Revenue bonds, 1886........ 6
J & J
July 1, 1896
44.500
do
1 8 8 7 ...... 5
M & N
May 1, 1897
IN T E R E S T — W H E R E PA YA BLE.— Interest on the water bonds
21.500
do
1888........ 5
M & N
May 1, 1898
39.000
due Oct, 1,1910, is payable at the bank of D. Powers & Sons, Lansing­
do
1890-1889 413 M & N
Nov. 1, 1899
29.500
burg; on the sewer bonds, at the Treasurer’s office, and on all other
do (refunded) ’ 89 4*2 J & D
Dec. 1, 1899
58.000
do
do
’ 90 4
bonds at the National Bank of Commerce in New York City.
M & N
May 1, 1900
77.000
do
do
’ 90 4
J & D
June 1, 1900
20.000
T O T A L DEBT, Et c .—The total funded debt on May 1, 1891, was
$269,333, including water debt of $215,000; on June 1,1889, the total
(r) The 7 per cent survey and map bonds are registered and all held
debt was $228,333, of which $190,000 was for w ater; in 1880 the total by savings banks. All other issues are coupon bonds.
debt was $18,950.
PAR V A L U E OF BO NDS.— Bonds are in $1,000 and $500 pieces.
W A T E R W O R K S — The receipts of the water works for the year
ending February 9,1891, were $20,076; expenses, including interest
on water bonds, $20,593.

IN T E R E S T - W H E R E PA YA BLE.— Interest is payable at the office
of the City Treasurer in Long Island City and in New York at the Bank
of the Metropolis.

A S S E S S E D V A LU A T IO N . —In 1890 the assessed valuation of real
estate was $5,365,135; of personal property, $613,992; total $5 979 127. Tax rate (per $1,000), $20*28. In 1880 total assessed valuaticji
was $1,700,025.

T O T A L DEBT, S IN K IN G FUNDS, Et c .—The subjoined statement
shows Long Island City’s total funded debt and the sinking fund held b y
the city against the same, on the first of April, 1891, and in 1880.
1891
1880
$909,000
Total funded debt (including water debt).......$1,602,000
Sinking fund and fund for revenue bonds......
121,496

P O P U L A T IO N — The population in 1890 was 10,550; in 1880it was

7,432.

Net debt on April 1........................... .........*1 480 504
Water debt (included above)................ *
’ 372,000
Floating debt................................ ...........................................

L IB E R T Y .

E . R. D usenberry , Supervisor.

This town is in Sullivan County.

LO A N S—
When Due.
N. Y. & Os. Mid . RR.—
4 s ,. . . . $108,000............................
Total debt Nov., 1890...... $108,000

Equalized valuat’n 1890.$586,519
State, county and town
tax per $1,000............... $22*15
Population in 1890 was..................
Population in 1880 was......3,209

L I T T L E F A L L S . — J. J Gilbert, Mayor.
Little Falls is in Herkimer County.




$909,000

"ii’ooo

The sinking fund receiyes yearly no stated amount, but whatever
money is-received by the Treasurer and not otherwise appropriated.

W A T E R W O R K S .—The water works owned by the city are self-sus^

taining.

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 follow s:
/gUrs—
Real Estate.
...................$9,856,187
1880................... 7,201,087

Personal
Property.
$200,400
100,500

Total Assessed Bate o f TaxValuation, per $1,000.
$10,056,587
$45*30*
7,301,587

P O P U L A T IO N — Id 1890 population was 30,506; in 1880 it was.
17,129.

SyffiEMEW
T,
M A M A K A T I N G . — J. E v a n s , Supervisor

Vol. LUI.

N E W B U R G . - M ichael D oyle , Mayor.

This city is the county seat of Orange County. The interest on the
Equalized valuationl890.$913,050 water bonds is met by water rents. The Chambers Creek bridge bonds
were issued jointly by the city of Newburg and town of New Windsor,
State, county and town
R efunding B oni s.
tax (per $1,000)............ $23-94 to be paid in proportion to the taxable property of each.
As, J&J, $168,000..July 1891 to..
Amount
Population in 1890..........
vs
,— Interest.— ,
.<$5,000 due and paid July 1891.)
4,116
Outstand­
'Total detot Nov., 1890— $168,000 Population in 1880..........
LOANS—
Bate
When
Prmctpai,
ing.
N A M E A N D PU RPO SEP- Ot. Payable.
-w . a 5 Sept. 15, ’92-1901) *$50,000
B’dge (Chmbrs Cr’k).’ 81-83 .4
M
B l $5,000 yearly. S
M I D D L E T O W N . — S. M. Boyd , Mayor
1,000
M & S
Sept. 15,1902
do
do
..1883 4
CX
T
H
INov. - “
1, 1892-’93>
Middletown is in Orange County on the New York Lake Erie &
2,400
Electric Fire Alarm. .1889 3*2 A & O 1 $1,200 yearly. 5
-Western, the New York Ontario & Western and the New York Susque­
25,170
Aug. 5, 1935
F & A
Glebe fund...................1885 3
6,000
Sept. 1, 1892
hanna & Western railroads.
Amount- Park bonds..................1887 3*2 M & S
50.000
,— Interest.— >
Sept. 1, 1892
M & S
Outstand­ Water bonds....................... 7
18.000
Rate
When
Principal,
May 1, 1895
M & N
6
LOANSdo
ing.
15.000
P. Ct. Payable.
When Due.
May 1, 1896
M & N
■ .NAME A N D PU R PO SE.
6
do
12.000
May 1, 1897
M & S
5
RR. bonds issued jointly by o u April 5 Apr.,’92 to 1937 \ $115,000
do
65.000
t $2,500 p’d.y’rly:
July 1, 1897
J & J
..1887 5
this city&town of Wallkill.
2
do
20,000
2,000
Nov. 1, 1893
M & N
..1885 4
Bewer bonds, Mar., 1881 ... 4
do
34.000
2,000
Nbv. 1, 1894
M & N
Apr. 11, 1911
..1885 4
do
Water bonds, 1886..... ......... 4
40.000
2,000
Nov. 1, 1898
M & N
F & A Aug.
1, 1911
..1885 4
do
do
1891............... 4
100,000
2,000
Nov. 1, 1899
M & N
July
1, 1918
..1885 4
do
do
1888............... 3*2 J & J
10.000
July 1, 1900
J & J
Subject to call July 1,1898.
..1880 4
do
75,000
20,000
. Sept. 1, l6 6 i
M & S
.
June 1, 1910
..1881 4
do
1890............... 3*2 -- . . . .
do
15.000
Sept. 1, 1902
M & S
..1882 4
do
13.000
Nov. 1, 1905
M & N
IN T E R E S T — W H E R E P A Y A B L E Interest on water 3*28 due July
..1885 4
do
20.000
1911
..1891 4
1,1918, is paid at city treasury.
do
18,000
Sept. 1, 1907
..1887 3*2 M &
T O T A L D E B T Et c .—The total bonded debt Jan., 1891, including
do
7,000
Moh. 1, 1894
M &
..1890 3
do
$115,000 bonds issued jointly with town of Walkill, $384,90i>; certifi­
20,000
Sept. 1, 1906
M &
..1886 3
do
ca te s of indebtedness, $15,000. Sinking fund payments are made an­
* Includes New Windsor’s share.
nually towards retirement of sewer bonds.
T O T A L DEBT, E t c .—The total funded debt on Sept. 25,1891, was
A S S E S S E D V A LU A T IO N .—
1891 the assessed valuation of real
e sta te was $2,462,331; of persona*?roperty, $229,725; total, $2,692,056 $365,570; of which $281,000 was water debt.
yy^TER W ORKS.—In year 1890-91 water rents collected amounted
it a x rate, (per $1,000) in 1890, $34T 8, this including State and county
tax, $10’00, and city and school tax, $24T8. In 1887 total assessed to $39,468.
ASSESSED VALUATION.—In 1891 the assessed valuation of rea l
valuation was $3,298,470. Property is assessed at “ probably *3 actual
estate was $7,977,310; of personal property, $1,346,250; total, $9,323,value.”
POPULATION.—The population in 1890 was 11,977; in 1880, was 560; city tax proper (per $1,000), $15‘60. In 1880 total assessed
valuation was $8,591,859.
.-B,494.
POPULATION.—The population in 1890 was 23,263; in 1880 it was
18,049; in 1870 it was 17,014.
-A lexander M cK e a n ,
M O N R O E C O U N T Y ,
This town is in Sullivan County.
LO A N S —
When Due.

N E W R O C H E L L E . — L. D. H untington , Pres.
This viUage is in Westchester County, on the Harlem Branch of the
Amount
Outstand­ New York New Haven & Hartford Railroad, 18 miles from New York.
Principal,
,— Interest.— .
Amount
ing.
When Due.
I OANR___
Bate When
Principal,
Outstand$50,000
F eb.15, 1899
NAME AND PU RPO SE.
P. Ot. Payable. When Due.
80,000
Feb. 15, 1892
........
1894
$175,000
Sewer Certificates..................r. 5
f Feb,15,1893to’9 9 )
..........
1909
100,uuu
•, . * I $50,000 yearly, I 325,000 Sewer bonds............................... o
e
do
do
F &
exoept,g $75,000 [
IN T E R E S T -W H E R E P A Y A B L E .-In terest is payable at New
{
in 1897.
J
Rochelle.
IN T E R E S T — W H E R E PAYABLE.—Interest is payable at the
T O T A L DEBT E t c .—The village’ s total funded debt on January 23,
.American Exchange NationalBank, New York City.
1891, was $275,000.
ASSESSED VALUATION.—In 1890 the assessed valuation of real
T O T A L D E B T Et c .—The total funded debt of the county on April
estate was $2,748,475; of personal property, $15,000; total, $2,763,475;
1, 1891, was $455,000.
A S S E S S E D VALUATION.—In 1890 the assessed valuation of real tax rate (per $1,000), $14-86 In 1889 total assessed valuation was
esta te was $123,527,594; of personal property, $7,662,725; total' $2,569,600.
$131,190,319. The total amount raised by taxation in 1890 was
POPULATION.—The population in 1890 was 8,318; in 1880 it was
.$600,126 29. In 1889 total assessed valuation was $126,200,953.
5,276; in 1870 it was 3,915.
POPULATION.—The population in 1890 was about $189,815; in
1880 it was 144,903; in 1870 it was 117,868.
N E W Y O R K C I T Y . — H ugh J. Grant , Mayor.
New York City and County were consolidated in 1873, the city
M O U N T V E R N O N . — J ared Sandford , Pres assuming the county debt. In the following statement loans wholly in
Mount Vernon is in West Chester County on the New York & Harlem the aiuking fund are distinguished by s.f. prefixed to the amount out­
.-and New York, New Haven & Hartford railroads, 15 miles from New standing. Loans exempt from taxation have a paragraph mark (if)
Y ork City. It is a prosperous village with aU modern improvements
added to the title of the loan. The letters a, b, c and d prefixed to the
Amount amount outstanding refer to the security which the loans have by reason
Interest. - \
Outstand of sinking funds, as fully explained in the foot notes to the table.
LO A N S —
Bate
When
Principal,
ing,
rN A M E A N D PU RPO SE.
P . Ct. Payable.
When Due.
Amount
,— Interest.— ,
a$148,000
Outstand­
Principal,
»Sewerage loan bonds....
Bate
When
J & D 1 $10,000 yearly.
LO A N Sing.
When Due.
P. Ot. Payable.
T a -rv 5 Junel,1914,to’ll
a50,000 N A M E A N D PURPO SE.
C$302,000
do
do
c*.
j & -Uj «10,000 yearly.
Aug. 15,1894
M & N
■mory b on d s... ...1 8 8 4 f 3
c670,000
al5,000
Aug. 15,1895
June 1, 1919
M & N
& D
do ... ...18841T 3
do
do
do
c200,000
a l 5,000
Aug. 15,1904
June 1, 1920
M & N
& D
do ... . ... 1884 3
do
do
do
©250,000
Nov. 1, 1907
M & N
do ... ...18871T 3
do
©442,000
Nov. 1, 1909
M & N
a $1,000 each.
do ... ...18901T 3
do
s.f.6 0 ,5 0 0
Nov. 1, 1909
M & N
do __ . . . . 1890 3
do
IN T E R E S T — W H E R E PAYABLE.—Interest is payable at National
Nov. 1, 1907 s.f.163,500
M & N
do ... . . . . 1889 2*2
do
s.f.5 0 ,0 0 0
Nov. 1, 1909
.Citizens’ Bank, New York City.
do ... . . . . 1890 2*2 M & N
do
1.315.000
T O T A L DEBT, ETC.—The total funded debt on July 1,1891, was Assessment bonds .
3
2.285.000
..1890 3
do
do
-$218,000, all sewer bonds.
558,000
..1889 2*2
do
do
A S S E S S E D VALUATION.—In 1890 the assessed valuation of real
15,000
..1890 2*2
do
do
336,600
-«state was $------------- ; of personal property,--------------; total, :
; Assessment fund stock— 7
Nov. 1, 1903
M & N
Nov. 1, 1903 s .f.1 5 6 ,1 0 0
M & N
1874 6
-¡tax rate (per $1,000), $-----.
do
do
900,450
Nov. 1, 1910
M & N
1875 6
do
do
P O P U L A T IO N . —The population in 1890 was 10,677; in 1880 it was
Of this $364,850 is in the sinking fun d.
s.f.5 0 0
-4,586; in 1870 it was.
Nov. 1, 1903
M & N
5
do
do
Bridge Bonds and Consolidated Stock :—
HarlemRiv.B. (bonds).. 3-5 M & N
Nov. 1, 1891 * -/-499’ ^
N E W B E R L I N . — H obart D a y is , Town Super’ r.
iln
do (consol, st.) 3
M &N
Nov. 1, 1906 <*»**50,OOO
do(c. s.) 1887.. 3
M &N
Nov. 1. 1907 ©1,250,000
do
The village of New Berlin is situated in a town of the same name in
$350,000 is in the s’k’g f’d and $900,000 is tax free. ,
«Chenango, but town and village are separate corporations and have
do (con. st.)... 3 . M & N
Nov. 1, 1908 ©1,150,000
do
$800,000 is in the s’k’g f’d and $850,000 is tax free,
tseparate debts. The population of the village in 1890 was about 1,000.
do (consol, st.) 3
......
1910
do
New Berlin is in Chenango County, and contains a village of the same
do (consol, st.) 3
.........
1911
s ‘ fi i « ’ Qnn
do
name, which see
do (con. st.) IT 213 M & N
Nov. 1, 1910
«178,300
do
When Due. Total Town debt. 1891... $75,000
do (consol, st.) 2*2 M & N
Nov. 1, 1909 s.f.3 8 5 ,1 0 0
do
LO A N S—
14,500
36,000
do Village debt, 1891..
do (consol, st.) 2*2 ........
1910
TOWN.
do
Tax valuation in 1 8 9 0 N. Y. Bridge ($100 each) 6
M & N
Nov. 1, 1905 ©1,500,000
N. Y. & Os. M idland RR.— .
Town.............................. 1,135,870
8
Of these $1,252,000 is m the sinking fund,
4s, J&J, $75,000........ July 1,1 18
V illa ge....................
386,165
Subject to call after lo W
(consol, stock) 6
Q—F
May 1, 1926
500,000
do
Population of T ow n ,’90.
........
TILL A OB.
Subject to call on or after July l , 1896Population in 1880 was.
2,572
W ater B ondsdo
5
Q—F
May L l 926» ar,c 500,000
do
48, J&J, $36,000......July 15,1915
Subject to can on or after July 1,1896.
5
0 —F
May 1, 1926
500,000
do
IN T E R EST on town bonds is payable at First National Bank, Berlin,
do
Subject to call on or after Nov. 1,1900.
in te re s t on village bonds is payable in New York.
County Treasurer.

County seat is Rochester.

-Interest.— .
LO A N S—
Rate
When
(N A M E A N D PU R PO SE.
P •Ot. Payable.
.Bounty bonds, refunding.. 3*2 F & A
do
do
.. 3
F & A




October, 1891.
5 &
i
— ■LOANS—

/— Interest.— ,
Amount
/— Interest.— .
Rate
When
Amount
Principal,
Outstand
LOANSRate
When
Principal,
P. Ot. Payable.
Outstand­
When Due.
ing.
N A M E A N D PU RPO SE.
P. Ot. Payable.
When Due.
ing.
N. Y. Bridge ($1 0 0 each).. 5
Q—p
May 1, 1926
«921,900 Water Stock and Bonds—
Subject to call on or after N ov!iri9 0 0 ^
Add’l Croton Water Stock 5
M & N
Nov. 1, 1891 $1,005,000$421,900 being in the sinking fund
do
“ nA c
3~ to the sinking fund.
“°
5
Q—F
1903-1928
s.f.300,000
do
do
do
-.4
M&N
_ . ,„
d0
4
Q—P
1903-1928
1891 & 1899s. f.2 ,395,00©
s . f . 866,666
do
do
.. 3kj M & N
Nov. 1, 1895
d240,00©Central Park fund stock.. 6
Q—P Julv L i « qs
a275,000
do
do
IF 3
M&N
Nov. 1, 1899
759,000
do ($100 each,5s & 6sj 5
Q—P July 1 1898
a399,300
Of this $259,000 is
non P o-v •
. , Of this $41,500 is In sinking’fund.
do
do
........
,.. 3
Cen. Park imp. f d stock 6
Q—P
June 1, 1895 a l , 767,400
..................
1,575,000
do
do
. . 2ia
M&N
Nov. 1, 1904 s.f.300,00©
.aaaraonai new croton
City Improvement stock
* 951’ 300 is in 8inWng fundacqueduct stock....... 7
M&N
Aug. 1, 1900 a l , 004,500'
.
. . 1879. 7
M&N
Nov. 1, 1892
3,929,400
do
do
....... 6
do
M&N
Aug. 1, 1900
a269,80O
(consol, stock,) g.
6g. M & N Nov. 1, 1896
820,000
do
do
....... 5
do
do
M&N
Aug. 1, 1900
a57,00O*
a ": .
M * N May 1. 1926
„
445,000
Additional water stook. If 312- A & O
—-n. Oct. 1, 1933
300,000
Bubjeot to call on and after May 1,1896.
do
do
Subject to call on and after Oct. 1,1913.
t ,-..5 ,, M & N
May 1, 1926
242,803
do
do
1885. IF 3*2 A & O
Oct. 1, 1904 d l , 500,000
/oil in = i
4
”1, ject to call on and after May 1,1896
do
do
do
1 8 8 3 - 4 .3
A & O
Oct. 1, 1933
145,000n-+ t> J a il in sink. fund). 5 & 6 M & N
1892 & 1900 s.^270,530
Subject to call on and after Oct. 1,1913.
City Parks Improvement Fund S to ck do
do
1885-61F 3
A & O
Oct. 1, 1904 d6,000,000
Issue o f 1872.............
7 m A n
t
Dec. 23, 1901
200,000
Of this $1,000,000 is in the sinking fund.
d° 1872-73...........
7 M&N
do
Sept. 3, 1902
do
465.000
---- IF 3 A & O
Oct. 1, 1905 d5,000,000
do 1873
7 M & N
do
July 1, 1903
do
446.000
•--•IF 3 A & O
Oct. 1, 1907 d7,650,000
do 1871-72.............. 6 M & N
______ „ 1901
Deo. 23,
1,638,000
Of this $150,000 is in the sinking fund.
do
i Of
in the sinking
do
.1890 3
A & O
Oct. 1, 1907
2,400,00©
do /nnn« i stock).. this $1,371,500 isJan. 1, 1902 fumT
(consol,
6g. J & J
862000
do
do
........ 213 A & O
Oct. 1, 1907 s.f.950,00©
do
f
Sept, 3,1902 s.f.685,000
P ^ nKes+
6rv- (^lOO ea.) 6
Q -F
Aug. 1, 1907
a20 00©
do & to T 8010" " 6« ££ & £
xo
74.......
M
N July 1, 1903
804000 Croton water mam stock 7
M&N
Nov. 1, 1900 2,228 00©
Of this $704,000 is in the siAking fund.
’
,
Of this $44,000 is in the sinking fund.
do 1875-76... ‘A V «.?
M & N July 1, 1904
225000
ao
do
-- 6 M & N
vov. 1, 1900 1,256,000Of this $125,000 is in the sinking fund.
Of this $972,000 is in the sinking fund.
do 1877-80.............
M & N
July 1, 1904 s.f.336,000
ao
do . . 5
M&N
Nov. 1, 1900 s.f.248,000
Consolidated Stock—
do
do
--5
M & N
Nov. 1, 1906
1,449,000
City.................................... 7
M & N
Of this $1,276,000 is in the sinking fund.
Nov. 1, 1894
1.955.000
do “ B. and C,” 1874
7
do
do
.. 4
J & D
M&N
Dec. 1, 1896
Nov. 1, 1906
s.f.15,00©
6,324,700
do 1872........................... 6
Water stook of 1870....... 7
M & N
M&N
Nov. 1, 1894
Nov. 1, 1902
a412,00©
f . 500,000
do 1874-75, gold............. 6 g M & N
do
do
........ 6
M&N
Nov. 1, 1896
Nov. 1. 1902
a63,00O‘
1.564.000
do 1871 and ’72, g old .. 6 g J & J
July 1, 1901
A nnexed T erritory B onds .
4,252,500
do “ D,” 1876................ 6 8 M & V
May 1, 1926
1,436,525 Town of Morrisania—
Rn « t? » 1 a , «
Subject to call on and after July 1,1896.
M&N
M
uo jl, l » 7 o ................ 6
Central Av. construction 7
- _
May -1, -----1916
121825
Ann’ly ■ 1891 to 1915
24,500
$1,000 yearly.
Subject to call on and after Nov. 1,1896. ’
do “ F,” 1876-’77.
1916 to 1980
do
do
semi-an • $1,000 yearly.
N
1* 1»I6
300,000
65.000
jn «
, Q„ o
J,
to cal1 on and after Nov. 1,1896.
N. Brothers Isl. purchase
M & S ' 1892, ’93 & ’94
5,000
do G, 1878and79... 5
M&N
Nov. 1, 1897
200000
St. Ann’s Av. construct’n
1. Of this $169,000 is in the sinking fund.
’ °°
M & S j 1891 to 1910
20.000
$ 1,000 yearly.
do No.2,1878,gold.
5g
M&N
Nov. 1,1928 b6,900,000
So. Boulevard construct.
M & 8
1891 & 1892
17,000
Subject to call on and after Nov. 1,1908.
d o “ L a n d M ” .......
4& 5 M & N
Nov. 1, 1899 s.f.689,735 Town of West Farms—
do No. 2 , 18801F.....
4
M&N
; An’Iy &
Nov. 1, 1910 b 2 ,800,000
1891 to 2147
Central Av. construction
County “ A” and “ B” . . . 7
255,000
J & D
! s’mi-an. $1,000 yearly.
Deo. 1, 1896
1,680,200
do 1871 & 1872,gold 6 g J & J
July 1, 1901
8,885,500
These bonds mature $1,000 yearly, except in the years 1916 and
New parks, eto., 1889. IFr 213 M & N
Nov. 1, 1929 c9,747,000
1917 when in each year $1,500 mature; in 1949 and 1975, none; in
Subject to call on or after Nov. 1, 1909,
•
$100,000 being in the sinking fund.
’
M&N
Nov. 1 ,1 9 0 9 s .f. 105,000 1950, $2,000; in 1959 and 2147, each $500. The interest on about
Repaving......................... 3
do
IF 3
M&N
”
~
Nov. 1, 1910 c l , 000,000 one-half the bonds is paid annually, and on the remainder semi­
_ y - - * .................. 2 ^ M & N
•
Nov. 1, 1909 s.f.895,000 annually.
Biker's Island...............
3
M&N
Aug. 15, 1894
1891 to 1897
cl80,000
Franklin Av. constr’tion. 7
M & S
7,000
Am. MuseumNat. Hist'y.2i2&3 M & N
Nov. 1, 1913 s . f . 500,000
$1,000 yearly.
Gansevoort market........ 3
M&N
1907 to 1909 s.f.503,715
1891 to 1895
Madison Av. constr’tion. 7
M & N
10,000
Metropolitan Museum.. .2ia&3 M & N
1905 to 1913 s.f.367,000
$2,000 yearly.
Morningside park............2^&3 M & N
Nov. 1, 1907 s . f . 260,000
1891 to 1908
So. Boulevard constr’t’n. 7
M & S
Other small loans............2ia&3 Var’s
180,000
1894 & 1909 s . f . 247,006
$10,000 yearly.
Jo
do
7
M & 8
Court House Bonds and Stock :
1909
•
8,500
So. B’lev’d maoadamiz’i 7
M & 8
1891 & 1892
4,000Criminal Court H ouse... 3
1900-1908
s . f . 150,000
do
do
... 2*2 M & N
1900-1908
s.f.35,000
a These bonds are a first lien on “ sinking fund redemption No. I.’’
N.Y. C’nty Court H’sest’k 6
M&N
,
v0nd®are a second lien on “ sinking fund redemption No. I.”
Ot m . *95,3001. In I K t a i l K n i * 100’° 00 ♦ ¿ S i E S f i T O aud stocks are secured by special fund derived from.
do
do
on aud from sinking fund redemption No. I.”
«
™ £ S
J -891 & 1894 s.f.200,000
do
do
ÉO £
a liiese water bonds are payable from“ sinking fund redemption No.11/
3
™ $ S S ov1896
53,891
do
do
5
& N Nov. 1, 1898
383.500
PAR V A L U E OF B O N D S.— The bonds and stook of New York City
C ftb is $234,500 is in the sinking fund
do
do
4&5 M & N
are all in amounts of $500, except the following issues, which are o f
.1896 &1898 s .f. 114,500
Dock bonds_ .*
_ ................... 7
M & N
Nov. 1, 1901
500.000 $100: Croton Reservoir 6s, Central Park fund stock 5s and 6s, the Fire
7
M & N
Nov. 1, 1902
750.000 Department stock, the market stock, the New York Bridge 6s, due N ov.
7
M&N
Nov. 1, 1904
348,800 1,1905; the N. Y. County Court House bonds, and the Soldiers’ Bounty
(consol, st'kj... 6 g. J & J
July 1, 1901
1,000,000 Fund bonds.
6
____ _1, 1905
„
M&N
Nov.
1,065,300
Of this $321,200 is in the sinking fund,
IN T E R E S T — W H E R E PAYABLE. —Coupon interest is payable at
do
......................... 3
M * S
1902 to 1906s . f . l , 376,000
................. Of this «arm oofM • N°v. 1 1909
c500,000 Western National Bank; registered interest at office of City Chambero i ttos $300,000 is m the sinking fund.
lain; interest on the gold coupon bonds of 1901 and 1902 is payable
ao
................... p
M & N
Nov. 1, 1908
541 200 also at Messrs. Rothschilds in London.
,
Of this $372,000 is in the sinking fund.
’
......................... p M & X
1906 to 1911 s.f. 1,449,800
T O T A L DEBT, S IN K IN G FUNDS, E t c .—The subjoined statement
"V r L 5 i v
1911 to 1914s . f . 2,747,000 shows New York’s total municipal debt and the sinking fund held by
'"I r I 5 ^ ^ S
®
1. 1915
1,150,000 the city against the same on the 1st of January of each of the last
1 & M&N
]
Noy. 1, 1914
i»625 OO
O
three years.
Of this $270,000 is in the sinking fund
’
— I g 5J & N
Nov. 1, 1916
c500,000
' "2
g M & N
Nov. 1, 1917
c500,000
debt...............$146,37i,023 $141,839.028 $132,445,095->
48,513,793
45,638,142
Of this
,1», I 918 c l , 000,000 Sinking fu n d .......................
44,434,690
„ $500,000 is m the sinking fund.
do
M&N
Nov. 1, 1919 c l , 000,000
Net funded debt............... $97,857,230
$96,200,885
do
$88,010,405’
3
M & N
Nov. 1, 1920 c l , 050,000 Revenue bonds....................
207,188
2,462,187
do
3,302,730
3
M&N
Nov. 1, 1921 c l , 250,000
do
M&N
Total net debt
1919 & 1920 s.f.250,000
dc
$98’ 663’072
$91’ 313’ 135
200,000 Water debt, included above $98’064’418
6
M & N
Nov. 1, 1899 s.f.521,954
The annexed table shows the oity’s net debt as it was on the first day
6
30.000
Market stook ($100 each) 7
M & N
May 1, 1894
75.000 of January of each of the following years:
do
do
7
M & N
May 1, 1897
40.000 1 8 9 1 ...., $98,064,418 1887....... $90,395,634 1 8 7 6..
do
do
6
.. $116,773,721
M & N
May 1, 1897 s.f.181,000 1890....... 98,663,072
Var. M & N
.. 73,373,552
May 1, 1903 s.f.958,000 1889....... 91,313,135 1886....... 93,031,951 1 8 7 1..
Revenue bonds
1885....... 93,648,100 1 8 6 6..
..35,973,597
207,188 1888....... 93,300,581 1881....... 106,066,240 1 8 6 2..
.. 20,087,301
S ohooi Funds—
Normal School................ 6
S IN K IN G F U N D S— The total sinking fund assets on January 1,
M&N
____ _
Nov._1, 1891
200,000
1891, as stated above, were $48,513,793. Of this amount $3,053,389
°
Public school... i Q^1 l , thls $190.000 is in the sinking fund.
1871-74 6
M&N
Nov. 1, 1891
636,000 was held in a special sinking fund (sinking fund redemption No. II.) for *
School h. bonds
11F
3
M & N
Aug. 15, 1894 c l , 000.000 account of certain water bonds and $45,460,404^sinking fund redemp­
do
bonds
1F ' M & N
3
Nov. 1, 1897
c958,000
do
bonds
3
M & N
a 0 11F
Nov. 1, 1908 c2 ,561,279 tion No. I.) was held for certain other sinking fund issues. The charac"
do
bonds
1
g-g ! 3
183,560 ter of the assets of the two sinking funds here referred to is evident
do
bonds
-2ia M & N
j
1897-1908
s .f. 122,037 from the follow ing:
Soldiers’ Bounty Fund (all in $100 pieces):
Sinking Fund Sinking Fund
Redemption No. 2 ........... -7
M & N Nov l i « qi
376.600 •t ^
k
,
Redemption I. Redemption II.
Total.
3 o f 1865................ 7
M & N N o v .-t S J
$2,350,000
$42,797,471
151.000 N. Y. City bonds (par value) .$40,447,471
do
do ................ .7
M &H
HW N r
Nov. 1, 1896
401.600 Cash....................................... 5,012,933
703,389
5,716,322'
Of this $100,000 is in the sinking fund.
do
do .
M&N
Nov. 1, 1897
193,200
Total........... .......... $45,460,404
$3,053,389
$48,513,79*
do
do ..................
25,700
Water Stock and Bonds—
The totals of the various issues having a lien on these sinking funds,,
Add’l croton water stock
M & N
Nov. 1, 1891
237.000 and the order of their lien, are shown in the follow ing; the number pre­
do
do
M&N
Nov. 1, 1891
373.000 fixed in each case being the same as that used in the table of bonds Of this $273,000 is in the sinking jund.
above to designate the issues having such lien.
N A M E A N D PU R PO SE.




56

S W

t

C IT Y

S U ffiE T V fE K T ,

Yol. LUI

ASSESSED VALUATION.—In 1890 the assessed valuation of real
1. Total issues having a first lien on sinking fund redemption No. I ..................... * ............................... . . . ......- ¿ a .* $4,268,000 estate was $3,067,095; of personal property, $759,675; total, $3,826,770; tax rate (per $1,000) for city purposes, $ . . . . ; for county and
2. Total issues having a second lien on sinking fund
redemption No. T.............. ............. ...................... r r v - 9’700’000 State tax average rate $9-066.
3. Consolidated stock, etc., having a hen on special fund
POPULATION.—The population in 1890 was 11,662; In 1880 w s
derived from taxation and from sinking fund redemption No. I ............................................................................ 4Z,ooo,uou 10,341.
4. Total issues payable from sinking fund redemption No. II. 25,375,000
For further information touching the sinking funds, the reader is O L E A N . Treasurer.
referred to the abstract of the New York law relating to the same,
This place is in Cattaraugus County.
which is given below, and to the above detailed statement of the city s
LO ANSWhen Due. Tax valuation of town ___
of Olean in 1890........ $2,961,795
debt, in which are indicated both the principal holdings of the sinking
B onds—
Population village 1890
fund, and the several issues held by the public to which the sinking 413s, ^ $106,500............................... Population town 1890 w was..........
as.. ------fund applies.
Total debt 1890................$106,500 Population village 1880 w as.3,036
Population town 1880 w a s.. .6,57.*
QEBT LIMITATION.—The Legislature passedalaw in 1885 thatthe Available resources........ 12,600
indebtedness should not exceed 10 per cent of the assessed valuation of
real estate, and this 10 per cent was construed by the Court of Appeals O N O N D A G A C O U N T Y . — G. B. H arwood ,
not to include the bonds in the sinking fund as a part of the debt. See
Treasurer.
full statement under New York State.
County seat is Syracuse.
y^gg£gg£Q VALUATION.—The city’s assessed valuation and tax
LO A N S—
When Due. 4s, M & S, 20,000... .Mar. 1,1900
rate have been as follow s:
Valuation, etc.
Total Assessed Rate o f Tax
V olunteer $500 Coup . B onds
Personal
Total debt, 1891........... $250,000
Valuation. per $1,000.
(extension).
Estate
Years—
Real Estate.
$298,688,383
$1,696,978,39(5 $19-70 5 s ,........ , $150,000....... 1892 to ’97 Tax valuation 1890....80,295,575
1890........ $1,398,290,007
Real estate.................... 73,847,492
272260,822
1,603,839,113
19'50
($25,000 due yearly.)
1889....... 1,331,578,291
V olunteer B onds (refunded)— Personal property.. — 6,448,070
250,623,552
1,553,442,431
22-20
1888....... 1,302,818,879
253,148,814
1,507,640,663
21-60 4s, M & S, $30,000....Mar. 1,1892 Population in 1890 w a s ...146,247
1887....... 1,254,491,849
217,027,221
1,420,968,286
22*60 ($5,000 due yearly) to Mar. 1,1897 Population in 1880 w a s ...117,893
1886....... 1,203,941,065
Interest is payable at Syracuse.
202,673,866
1,371,117,003
24-00 4s, M & S, $25,0 0 0 ....Mar. 1,1898
1885....... 1,168,443,137
201,194,037
1,143,765,727
25-40 4s, M & S, $25,000... .Mar. 1,1899
1880.......
942,571,690
217,300,154
1,100,943,699
29-40
883,643,545
1875.......
305,285,374
1,047,388,449
22-50
1870.......
742,103,075
181 423,471
608,784,355
29-90 O S W E G A T C H I E . — J. 0 . B irge , Supervisor.
1865.......
427,360,884
174)624)306
581,579,971
19-98
1861.......
406,955,665
This town is in St. Lawrence County.
EXPENDITURES.—Annexed is a statement of expenditures for the
Valuation, etc.—
LO A N S—
When Due.
$92,000
Total debt Nov., 1890.
year 1890:
F air G round B onds :
For State ta x es.......................................................................... $4,519,641 7 s , .. . . , $25,500............................ Tax valuation 1890... 1,579,414
1,533,914
Real estate being—
B ridge B onds :
For Expenses of the City Government—
45,500
Personal property...
Interest on the city debt.........................................................
i ’io n ’Zi 4 7 s ,___, $20,000............................
8-40
Total tax per $1,000 ..
T own H all B onds :
Redemption of the city debt..................................................
1,9 qV noo
6 s ,...., $25,000............................ Population in 1890 was
The Common Council..............................................................
2,881
do
in 1880 was
The Mayoralty.........................................................................
26,797 5 s , .. . . ,
22,000............................
Finance Department...................................... -......................
ToL
Law Department....................................................................
„
lx
Department of Public Works.................................................
3,150,58b
Department of Public Parks.............................
1,122,404 O S W E G O . — J ohn D. K ehoe , Mayor.
Department of Public Charities and Correction................
2,124,750
Oswego, in a town of the same name, is in Tioga County, on Lake
Health Department.................................................................
i 2 9 2 42 «
4,587,599 Ontario. The town had a debt September 1,1890, of $39,000 of 4 per
Police Department..................................................................
Department of Street Cleaning............................................
cent bonds, due in 1891 and 1892.
Amount
Fire Department......................................................................
,— Interest.— >
Board of Education................................ - ..............................
4,149 >222
Outstand­
Principal,
OA
Rate
When
College of the City of New Y ork..........................................
146,730 NAMELANDN S—
ing.
When Due.
PURPOSE.
P•Ot. Payable.
Normal College of the City of New Y ork...........................
120,643
1891-1894
A & O $25,000 each y’r. > $100,000
Department of Taxes and Assessments..............................
Railroad bonds................... 7
5w
1891-1898
/ 96.000
The Judiciary....
.............. ^
........
1,2 4 i 740
3^2 A & O $12,000 each y ’r. 5
do
Advertising, Printing, Stationary and Blank Books
19)772
Municipal Service Examining Boards
1899-1918
) 480,000
52,194
3*2 A & O $24,000 each y’r. >
do
’The Coroners................. ...........................
63,444
The Sheriff..................................................
1891-1913
)
69.000
124,138
3*2 A & O ^ a
do
The Register............................. ; ...............
$3,000 each year. )
26,991
60.000
The Commissioners of Accounts...........
- , 1902
J & J
City bonds............................ 7
499,685
Bureau of Elections.................................
IN T E R E ST -W H E R E PAYABLE—Interest is payable at the
Judgments........................................................- - , 128,154
. ..
Asylums, reformatories and charitable institutions...........
I,154,b44 American Exchange National Bank of New York.
Miscellaneous.............................................................................
489,100
TOTAL. DEBT Et c .—The total funded debt on April 1,1891, was
Total...................................................................................... $34,985,680 $805,000. The interest and principal of railroad bonds when due are
levy of Oswego County,
P O P U L A T IO N . —In 1890 the population was 1,515,501; in 1880 it met by the tax VALUATION—In 1890 the assessed valuation of real
ASSESSED
“Was 1,206,299 ; in 1870 it was 942,292.
estate was $8,600,000; of personal property, $770,000s total, $9,370,000; tax rate (per $1,000), $25-20, of which $10-80 was for State and
county tax. Real estate is assessed “ very near its aotual value.” In
N E W Y O R K C O U N T Y . — See N . Y . City.
total assessed valuation was $8,799,099.
POPULATION—The population in 1890 was 21,842; in 1880 it was
N O R W I C H . — E. L. N a s h , Supervisor.
21,117; in 1870 it was 20,910.
The town of Norwich lies in the valley of the Chenango River in
-Chenango County, and is also on the line of the Chenango Canal. There
O S W E G O C O U N T Y . — T homas M oore, Treas.
* re three railroads that terminate or pass through this place.
County seats are Oswego and Pulaski.
Amount
,— Interest.— .
Outstand­
Valuation, etc.
¿
‘ xL,
Principal,
LO ANSRate
When
L O A N S—
When Due. Total debt Mar. 1891.. $137,000
ing.
When Due.
NAME AND PURPOSE.
P. Ot. Payable.
J ail B onds.
Tax valuation 1890—__
1892-931891-1899
$90,000 314s M&8, $17,000......D ebt— 94 Real estate..................
*R. R. bonds................... He 4
J & J j $10,000 yearly.
F unding F loating
313s M&S, $20,000... 1892 to 1895 Personal property... - 1,519,135
1891-1897
27,000
T o ta l............................ 25,464,260
T ow n bonds........................ 4
J & J; $3,000 yearly,
($5,000 due yearly.)
71,883
34sM &Ss, $100,000.1896 to 1905 Population in 1890 was
c coupon.
*$500 each.
^Exempt from taxation.
Population in 1880 was
77,911
($10,000 due yearly.)
INT EREST on the funding bonds is payable at First National Bank,
IN T E R E S T - W H E R E P A Y A B L E - -Interest is payable at the Nat­
ional Bank of Norwich, N. Y.
New York City.
T O T A L DEBT, Et c .—The total funded debt on April 1,1891, was
-$117,000.
O V I D . — H ugh M c G h a n , Supervisor.
ASSESSED V A LU A T IO N .— In 1890 the assessed valuation of real
This town is in Seneca County.
. . . a1„
■estate was $2,227,375; of personal property $336,490; total $2,563,LOANSWhen Due. I Tax valuationin 1890..$1,424,813
865; tax rate (per $1,000) $32-50.
PO PU LATIO N.—The population in 1890 w a s ............... ; in 1880 was
Interest is payable in N. Y. City. |Populationm 1880 w a s ......3,569
-5,756; in 1870 was $5,601.

O G D E N S B U R G - E dgar A . N ewell , Mayor.

O X F O R D . — H ubert 0 . Stratton , Supervisor.

This town is in Chenango County.
This city is in St. Laurence County. With the payment of the school
LOANS—
When Due. Total debt 1890............... tZ2’922
1890.........1,699,400
bonds, due October 1,1891, the total debt is for water.
7 s ,. . . . $70,000........ 1891 t o ......... Tax valuation 1880 w as........ 3,035
Population in
Amount
,— Interest.— .
($10,000 due in 1891)
Principal,
Outstand­
LO A N S—
Rate
When
When Due.
ing.
NAME AND PURPOSE.
P- Ot. Payable.
; May 30, ’ 92-1908 ]■ 51,000 P E E K S K I L L . , Mayor.
Water bonds, 1888........
3*3 M & N 1 $3,000 yearly j
,
„«««
This city is in Westchester County.
40,000
... o,
M & w j May 30, ’09-1918 j
N
do
1888............. 3*2 M & N| $4,000yearly j t
Tax valuation in 1890. .$2,534,350
WhenDue.
LO ANSReal estate.....................................
W ater B onds—
[
4,000
do
1890............. 3*2 F & A ^ $L000 yearly i
Personal property....
1894
7 s , ........ , about$150,000
City tax (per $1,000) ,1.................. .
£ 30,000
Other B onds—
do
1890..................
F & A | $2,000 yearly t
town ta x ..
......
3 i« s ,........ . $4,000.......$500 yearly State, co. & in 1890 was......-9,676.
Population
T O T A L D EBT , Et c .—The total funded debt on AprU 10,, 1891, was Total debt.. ..................... $154,000 Population in 1880 was...... .6,893
$140,000, of which $132,000 was water debt.




\

October, 1891.
P L A T T S B U R G . - Clinton D M oore, Treas.
This village is situated in Clinton County, at the mouth of the Saranac
River, where it empties into Lake Champlain. It is a port of entry and
has has a commodious harbor.

L O A N S—

When Due.

5s, J&J,
5s, J&J,
5s, J&J,
School B on os if—
4128, J&J,
4 s,A & 0 ,
$ 3 ,0 0 0 ....Oct. 1, 1899 412s, J&J,
Subject to call after Oct. 1,1894 4s, J&J,
W ater B onds4s, J&J,
78, J&J, $27,500... .July 1,1891 4s, J&J,
€s, J&J,
7,850
July 1,1892
4s, J&J,
6s, J&J,
18,550
July 1,1893 4s, J&J,
R efunding B ondsU—

4s, J&D, $10,000... .Dec. 1,1895

appropriations for maintenance and extensions by $6,565, which has
been set apart for the payment o f water loans.

C IT Y P R O P E R T Y . —The city owns public buildings valued at about
$200,000.

A S S E S S E D V A LU A T IO N . —The city’s assessed valuation and tax
15.000. .July 1, 1894
7.000. ..July 1, 1895 rate have been as follows, real estate being assessed at about two7.000. .Jan. 1, 1897 thirds of cash value :
5.000. .Jan. 1, 1894
Personal
Total Assessed Bate o f Tax
2.000. .July 1, 1897 -, o^Xs—
Property.
Taluation. per $1,000.
22,950. .July 1, 1895 !8 9 0 ...............$9,718,890
$3,8L3,850
$13,532,740
$23-44
12.000. .July 1, 1896
POPULATION.—In 1890 population was 22,206; in 1880 it was
1,000. .Jan. 1, 1897
30.000. .July 1, 1898 20,207; in 1870 it was 20,080.
37.000. .July 1, 1899

If Exempt from taxation.

IN T E R E S T — W H E R E P A Y A B L E —Interest on refunding bonds is
payable by Village Treasurer. On school bonds at the office of the
Manhattan Company, New York City.

T O T A L D EBT , E t c .— The total funded debt on April 1st, 1891, was
$205,000, of which $192,000 was water debt. The village owns its
water works, the revenue from which amounts to about $18,000 yearly.

A S S E S S E D V A L U A T IO N —In 1890 the assessed valuation of real
estate was $1,194,805; of personal property, $45,000; total, $1,239,805; tax rate (per $1,000), $38-25, of which $27-00 was for State and
county purposes.
P O P U L A T IO N — The population in 1890 was
5,245; in 1870 it was 5,139.

; in 1880 it was

P L Y M O U T H . — L ester D. Smith , Supervisor.
This town is in Chenango County.
TnL
wKABn7no
When Due. Total debt 1890.............
T o w n ^ in d s .
Tax valuation 1 8 9 0 ....
4 S ,---- , $67,900-----1891 t o . . ----- Totaltaxrateper$l,000
Population 1880 w a s...

$67,909
510,755
20-70
1,302

P O T S D A M . — J. G. M cI ntyre , President.
This village is in the town of same name in St. Lawrence County.
—When Due.
Steam E ngine B onds48, semi-an., $4,000..................1892
7s, A & O, $10,000... .Apr. 1,1893
($1,000 due yearly) to 1895
~£> A & O, 37,500---- Apr. 1, 1892
Interest is payable in New York.
($2,000 due yearly) to Apr., 1900 Total debt, Jan. 1, 1891.. $77,500
D rainage B onds—
Tax valuation, 1890........1,601,325
4s, semi-an. ,$25,000................1906 Population in 1890 was abt. .4,000
Population in 1880 was........ 2,891
Population of town in 1880..7,417

, LO A N S

W ater B onds—

Q U E E N S C O U N T Y . — J. E. V a n N ostrand ,
Chairman Board of Supervisors.
County seat is Long Island City.
LO ANSWhen Due.

Tax valuation 1890, as
returned by assessors $38,893,010
-S, ....,$ 2 0 9 ,0 0 0 .......... 1890-1894 Tax valuation 1890, as
Total debt Nov. 1, 1890..$209,000
equalized by State as­
sessors......................... 48,977,385
Population in 1890 w a s... 128,059
Population in 1880 w a s... 90,574
D ue Savings B anks—

R E N SSE L A E R
Treasurer.

C O U N T Y . — T.

D ickson ,

County seat is Troy.
LO A N S—
When Due.
LO A N S —
When Due.
H ouse of I ndustry B onds4 s ,---- $9,000..........................1902
48, — $40,000........................ 1902 4 s ,---7,000................
1904
War B onus (renewal)—
4 s ,---- 30,000..........................1905
4 s ,---- $33,000.......................... 1890 4 s ,---- 30,000..........................1906
35.000
.................. 1892 4s, F&A,20,000........... Feb. 1, 1907
16.000
.................. 1893
Valuation, etc.—
9.000
................ 1894 Total bonds Dec. 10, ’90. $375,000
13.000
.................. 1895 Floating debt.................
110,000
7.000
.
...1896 Tax valuation 1890___ 80,471,417
38.000
.................. 1897
Real estate being.......72,260,824
.................. 1898
33.000
Personal property___ 8,210,593
22,00 0 ......................1899 Total tax valuation ’89.81,977,275
35.000
.................. 1900 Population in 1890 w as.. .124,511
.................. 1901 Population in 1880 was.. .115,328
16.000
13,000........................1903
IN T E R E S T is payable at National State Bank, Troy, N. Y.

R IC H M O N D
C O U N T Y . — Cornelius
H art , Clerk Board of Supervisors.

A.

County seat is Richmond.
LO A N S —
When Due.
-, $50,000. Apr. 1, 1909
B onds for R oa » s, &c.58,000.Auf
I WL,---------- 0. 1, 1910
ô^S,
, $55,000. Aug. 1,1899
R oad B onds of 1891—
412s, ■
, 139,400.Apr. 30, 1899 „ s, F&A, $150,000........
1916
4iâs, ■
, 99,000.July 31, 1900
Valuation, etc.
A handsome city on the east bank of the Hudson River, 74 miles north 4s, 57.000. Apr. 30,1898 Total debt June, 1890.. $759,400
o f New York. It is the county seat of Dutchess County, and is the most 4s,
58.000.
July 31, 1901
Road bonds issued,’91.
150,000
40.000.
Apr. 1, 1902
312s,populous city between New York and Albany.
Tax valuation in 1890.-10,165,548
312s,50.000.
Aug. 1, 1904
Real estate being.......... 9,944,848
.— Interest.— ,
Amount 312s,63.000.
July 31, 1905
Personal property........
220,700
LO A N S—
Bate
When
Principal,
Outstand­ 3LjS, 50.000. Aug. 1, 1906
Population in 1890 was.......51,693
N A M E A N D PU RPO SE.
P. Ct. Payable. When Due.
ing.
3^8,40.000. Aug. 1,1908 Population in 1880 was.......38,991
7
M: & N 1May 1,1891-1913 ; $546,000
; part each year. ■
)

P O U G H K E E P S I E
Major.

7
7
7
7
7
7
7
7
6
4
4
4
4
4
4
312

F &
M &
M &
F &
F &
F &
J <
fe
M <
fe
M
F &
F &
F &,
F &
F &
F &
F &

-E dward

E lsworth,

A ( part each year.
N
May 1, 1914
N ( May 1,1891-1908
( part each year.
A
Feb. 1, 1902
A
Aug. 1, 1891
A
Feb. 1, 1892
J
July 1, 1894
S
Mch. 1, 1896
S
Mch. 1, 1898
A
Feb. 1, 1902
A
Feb. 1, 1903
A
Aug. 1, 1903
Aug. 1, 1904
A
A
Feb. 1, 1904
A
Feb. 1, 1905
A
Aug. 1, 1905
(Feb. 1, 1906)
F & A I Aug. 1, 1906 I
i Feb. 1, 1907 f
[Aug. 1, 1907 J

59.000 R O C H E S T E R . — W illiam Carroll , Mayor.
83.000
Rochester is the county seat of Monroe County and a port of entry.
188,500 The Genessee River, which flows through it, affords great water power.
do
do ....
273,000
It was reported in 1891 that the city would issue $3,000,010 bonds
Sewer bonds........
20.000 for new water works, and $1,500,000 bonds for sewers.
do
........
10,000
do
........
,— Interest.— ,
Amount
85.000
do
...........
LO ANSBate
When
Principal,
20.000
Outstand­
do
........
P. Ct. Payable.
When Due.
ing.
12,000 N A M E A N D PU R PO SE.
do
........
F & A
Feb. 15,1892
$1,000
15.000 Arsenal s ite ........................ 7
do
...........
J & J
Jan. 1, 1920
6,000 Bridge bonds, $5,000 each. 3
100,000
do
...........
„
Subject to call on and after Jan. 1,1900.
20.000
do
........
J & J
Jan. 1, 1902
335,000
20,000 City Hall com..................... 7
do
........
4 F& A
Aug. 1, 1912
100,000
1 0 , 0 0 0 Consolid. loan ($5,000 each)
do
...........
J & J
Jan. 1, 1897
75,000
1 0 , 0 0 0 Free Academy building---- 7
do
............
7 J & J
Jan. 1, 1905
410,000
20,000 Funding, ’75 ($1,000 each)
3
J & J
July 1, 1895
150,000
1 0 , 0 0 0 Local improvement...........
3 J & J
July 1, 1928
250,000
20,000 Park bonds,’88,$5,000 each
........
do
3
Subject to call on and after July 1,1898.
10,000
19.000 Railroad loans—
Other sewer bonds.
99.000
Gen. Yal. R R .($1,000 ea). 7
J & j j ; Jan. 1,’92 to 1902;[
3
J & J
J u ly 'l, 1906
E $4,000 yearly. 1 40,000
3.000
do
do
5
M & S
7
J & J
19001
Jan. 1, 1903
16.000
72,000
Roch. N. & P. RR............. 7
5
M
S
1909
F & A
8.000
Feb. 1, 1893
150,000
Roch. & State Line R R ... 7
412 M & S
1901
F & A
17.000
Feb. 1, 1893
600,000
4
M & s
1902
J & J
17.000 School No. 5 ......................... 7
Jan. 1, 1896
20,000
4
M & s
1903
7
J & J
20.000 Water works, 1873-76___f 7
Jan. 1, 1903
3,182,000
4
M & s
1904
18,000
IN T E R E S T - W H E R E PA YA BLE. —Interest is paid in New York
4
M & s
1905
20,000
3
M & s
1906
20,000 City by the Union Trust Company, and on certain issues also in
3
M < s
fc
1907
20,000 Rochester.
(1908 )
15.000
3
M & s
<1909 }
16.000
T O T A L DEBT, S IN K IN G FUNDS, Etc .—The subjoined state­
(1 9 1 0 )
16,000 ment shows Rochester’s total debt, including the water debt, on the
Other indebtedness.
8,764 sixth of March of each of the last two years.
IN T E R E S T — W H E R E PAYABLE. —Interest is payable at Pough­
1891.
1890.
keepsie banks.
Total funded debt (including water debt)... .$5,489,<>C
0
$5,344,000
Water debt................ I ....................................
3,592,0» 0
3,592,000
T O T A L D EBT , S IN K IN G FUNDS, Et c .—The subjoined statement Bills payable...........................................................................
120,000
shows Poughkeepsie’s total municipal debt, the sinking fund held by the
Genesee Valley Railroad loan is provided for by excess of receipts
«ity against the same, the water debt and the city’s floating debt on the from lease to N. Y. L. E. & W. RR. after interest on the loan is paid.
first of January, 1891:
Arsenal site loan is provided for by $1,500 received annually from
Total funded debt (including water debt)...............
$1 770 264 the County of Monroe for rent of Arsenal.
•Sinking funds.................................... .................................. ’ 7*000
Local improvement funding loan is provided for by unpaid assess
ments on ordinances, rolls for which are in the hands of the Treasurer
+
Net/ ^ t -on1
J^ ar? 1 ......................................................... $1,763,264 for collection.
Floating debt....................................................... None
DEBT LIMITATION.—The city’s debt is limited by law to 10 per
The sinking fund receives yearly about $6,000 surplus from the •ent of the assessed valuation of real estate. See Constitutional
waterworks. The receipts of the water works in 1890 exceeded the amendment under New York State.




Vol. LUI.

58
A S S E S S E D VALUATION.—The city’s assessed valuation and tax
rate have at different periods been as follows, real estate being
assessed at from 60 to 80 per cent of actual value.
Personal
Real
Property.
Estate.
Years.

Rate o f Tax
per $1,000.

$Ï5:93
$5,397,150
1889................ ............$82,800,100
16-38
4,108,000
1888................ ............ 78,504,025
16-45
4,529,000
1887................ ............ 72,860,900
15-22
3,345,000
1886................ ............ 72,171,975
27-65
1,817,200
............ 36,166,200
1883................
23-86
1,430,144
1880................ ............ 34,408,725
POPULATION.—In 1890 population was 133,896; in 1880 it was
89,366 ; in 1870 it was 62,386.

R O M E . — E. S. W illiams , Major.

Amount
Outstand­
Principal,
ing.
When Due.
5 Feb., 1910 to ’ 15
$30,000
School............................1889 3 F & A < $5,000 yearly.
5 Feb.l, 1916to’ 19
20,000
F & A ( $5,000 yearly.
do ............................ 1890 3
5.000
Oct. 1, 1904
Sewer............................ 1884 4 A & O
5 Oct., 1905-1907
30.000
1884 4 A & O ( $10,000 yearly.
do .......
10.000
Oct. 1, 1901
do ........... : . ...........1886 3
A & O
5.000
Aug. 1, 1904
1887 3 F & A
do ............
5.000
Oct. 1, 1908
do ...........
1889 3 A & O
10,000
Aug. 1, 1911
do . . . . . . . ............... 1890 3 F & A
( Jan., ’92 to 1900
90.000
J & J \ $10,000 yearly.
S. & S. R R ........................... 7
5 Nov., 1908 to ’16
90.000
Water........... 1885 & 1886
4 M & N ( $10,000 yearly.
8.000
Nov. 1, 1902
do ............ 1885 & 1886
3 M & N
9,000
Nov. 1, 1903
do .............1885 & 1886
3 M & N
13.000
Feb. 1, 1907
do ........................... 1889 3 F & A
15.000
Feb. 1, 1908
....1 8 8 9 3 F & A
do ..........
15.000
Feb. 1, 1909
do ........................... 1889 3 F & A
13.000
Aug. 1, 1910
do .................
1890 3 F & A
PAR V A L U E OF BONDS.—These bonds are all in $1,000 pieces.
INTEREST—W HERE PA Y A B L E —Interest is payable in Schenec­
tady at the office of the City Treasurer.
TOTAUDEBTjISINKING FUNDS, ETC.—The subjoined statement
snows Schenectady’ s total municipal debt, the sinking fund held by the
city against the same, and the water debt, on the first of March, 1891 r
,— Interest .— ,

LO A N S—

N A M E A N D PU R PO SE.

Rate

When

P- Gt. Payable.

This city is in Oneida County.
Amount
,— Interest.— l
Outstand­
Principal,
LO A N S —
Rate
When
ing.
When Due.
NAME AND PURPOSE.
p - v*- Payable.
160,000
Water bonds, refunding........... 3*2 J & J Sept* 15,1901
INTEREST—WHERE PAYABLE.—Interest is payable at the
National Park Bank, New York City. The par value of bonds is $1,000
each.
T O T A L D E B T ETC.—The total funded debt on Aug. 8,1891, was
$160,000. The city owns $21,800 stock of the Rome & Clinton Rail­
lg91
road, and on Aug. 8, 1891, bad $20,000 in the bank for dividends and 1890:
1880.
$371,379
thereon.
Total debt (including water debt)........................ $113,010
97,658
A S S E S S E D VALUATION.—In 1890 the total assessed valuation Sinking funds and cash.........................................
60,882
was $4,061,577. In 1880 total assessed valuation was $5,424,111.
Net debt on January 1 .................................. $352,128
$273,821
P O P U LA T IO N . —The population in 1890 was 14,991 ; in 1880 it was Water debt (included in net debt)..................... $163,000
$150,000
The sinking funds and cash included in 1891 sinking fund No. 1, to
12,194 ; in 1870 it was
pay S. & S. bonds, $14,137, and sinking fund No. 2, to pay water bonds,.
$3,296. New water bonds for $315,000 were proposed in 1891.
S A L I N A .—
, Treasurer.
ASSESSED VALUATION.—The city’ s assessed valuation and tax
rate have been as follows :
This town is in Onondaga County.
Total
Rate o f
,— Interest.— ,
Amount
Assessed
Tax perPersonal
Real
LO A N S —
Rate
When
Principal,
OutstandValuation.
$1,000.
Property.
Estate.
Tears.
NAME AND PURPOSE.
P ■Gt. Payable. When Due.
ing.
$8,204,670
$17-30
$567,970
$7,636,700
1890.
........
3,393,410
Refunding RR. bonds........
..
..................................
$180,000 1880.
460,010
2,933,400
These bonds are free from State, county and local taxation.
POPULATION.—I d 1890 population was 19,857; in 1880 it was
T O T A L D EBT , Et c .—The total funded debt on June 4,1886, was 13,655; in 1870 it was 11,026.
$180,000, all incurred in aid of the Syracuse Northern RR., now merged
in the Rome Watertown & Ogdensburg.
ASSESSED VALUATION.—In 1890 the total assessed valuation of S E N E C A F A L L S . - W . A . S. L atham , Superv.
This town is in Seneca County.
the town was $1,397,485; tax per $1,000, $15-658.
$41,132
LO A N S —
When Due. Sinking fund receives..
POPULATION.—The population, including Liverpool village, in
Tax valuation 1890— 4,257,742
R efunding B onds :
1890 w a s------- , in 1880 was 2,888, in 1870 was 2,688.
is, J&J, $ 100,000. . . . July 1, 1893 State Co. and town tax
$13-489
(per $1,000)................
5s, J&J, 118,500... .July 1,1903
........
5s, J&J, 120,000... .July 1,1913 Population in 1890 was.
do
in 1880 was.
7,076
Total debt Nov., 1890.. $309,500
S A R A T O G A C O U N T Y . — S. C. M edbery ,
Interest is payable by the Metropolitan Trust Co., New York City.

Treasurer.
County seat is Ballston.
LO A N S —
When Due.
County B onds—

4s, F&A, $202,000... .Feb. 1,1892
(part due each year) to Feb. 1,1908
Of this loan $8,000 is due Febru­
ary, 1892, and this amount in­
creases $1,000 to $2,000 yearly
until 1908 when the last instal­
ment of $18,000 matures. The
bonds are coup, bonds for $1,000 ea.
Interest is payable at Treasurer’s
'office Ballston.

S A R A T O G A

Total debt in 1890....... $227,265
Tax valuation, 1890.. 21,357,193
Real estate being___ 19,800,919
Personal property... 1,556,274
State and county tax
per $1,000................
$9-01
Population in 1890 was.......57,663
Population in 1880 was.......55,156

S P R IN G S

S M Y R N A . — G eo. P. P u d ney , Supervisor.

(Town and Village).

— M. S. Cumming , Village Clerk.
This village, situated in Saratoga County, 38 miles north of Albany*
is noted for its numerous mineral springs, and has been for many years
a famous summer resort.
,— Interest.— ,
Amount
L O A N S—
Rate When
Principal,
OutstandNAME AND PURPOSE.
P. Gt. Payable. When Due.
ing.
Town bonds............................... 5
F & A Feb. 1,’92-1901 $97,500
Part due each year from 1892 to 19 )1 inclusive
do
............................... 4
F & A Feb. l,1902-’04
31,000
Part due each year from 1902 to 1904 inclusive
Village water loan...................... 6 M & S
1910
5,000
do
do
.................. 5
M &S
1895-1904
34,000
do
do
..................... 5
M &S
1901-1917
35,000
do
do
.......... 4
M &S
1894-1898
15,000
do
do
..................... 4
M &S
1894-1917
145,000
do
do
..................... 3*2 M & S
1896
5,000
do sewer loan...................... 7 M & S ---------- 1892
5,000
do
do
..................... 5
M &S
1905-1911
35,000
do floating debt.................. 7 F & A
1892
10,000

IN T E R E S T — W H E R E PAYABLE-Interest
T O T A L D EBT , Et c .—The total debt of town and village on Febru­
ary 1,1891, was $417,500; water debt (included in total), $239,000.
A S S E S S E D VALUATION—In 1890 the assessed valuation of real
estate and personal property was $4,100,000; tax rate (per $1,000),

PO P U LAT IO N—The population of Saratoga Springs Village in 1890
was 11,975 ; in 1880 it was 8,421 ; in 1870 it was 7,516. Population of
town and village in 1880 was 10,820 ; in 1870 it was 8,537.

S C H E N E C T A D Y . — E verett Smith , Mayor.
Schenectady, the seat of Union University, is situated on the south
bank of the Mohawk River, 17 miles northwest of Albany. It was
incorporated as a city in 1798, and is in a county of the same name.




S I N G . — E. G-. B lakesle y , President.
This City is in Westchester County.
LO A N S—
When Due. Tax valuation, 1890........ $ — ,----Real estate, 1890...................... ........
W ater B onds—
4 s ,........ ,
$220,000..................... Personal property tax per
($1,000).........................................
Floating debt, 6,000— - - - - - - - - Total debt, July, 1890— $226,000 Population in 1890 was.......9,352
Population in 1880 was.......6,578"
S IN G

This town is in Chenango County,
LO A N S —
When Due. Total debt 1890.................................
Tax valuation 1890..........$687,160R efun iTNG B onds48, . . . . , $81,900........ 1891 to ......... Population in 1890 was..................
Population in 1880 w as.. . . . . 1,651
($4,000 due in 1891.)
Total tax rate per $1,000.. .$19-2A

S O D U S .-

Treasurer.

This town is in Wayne County.
LO ANS- ' , a
When Due.
Sonus P oint & So. RR.
7s, M&S, $74,000.............
1900
L ake Ontario Shore RR.
5s, M&S, $102,600............
1902
($10,000 due yearly) to 1912
Interest is payable in N. Y. City.

Valuation, etc.—
Total debt Mar. 1891... $176,600
20,149?
Sinking fund assets.......
Tax valuation 1890...... 2,344,421
$12-18
Tax (per $1,000)...........
Population in 1890 was
5,285
Population in 1880 was

S Y R A C U S E — W illiam Cowie , Mayor.
Syracuse, incorporated in 1825 as a village and as a city in 1848, is
¡ituated on the Onondaga Creek near its mouth in Lake Onondaga^
[t is noted for its extensive salt manufacture, and is the county seat
Bf Onondaga County.
I D A NR—
gA M E A N D PU RPO SE.

in te r e s t .--.
R ate
When
P. Gt, Payable.

Railroad aid bonds—
Syracuse & Chenango R R ....
Syracuse Northern R R .........
'WiAa'intc bonds
.
Reminding bonds.7 .......... 1878
City Hall bonds........... ...1889
(V a le r lO a n ;;;;;;;;;:;;;;;;!^

T ._
7 J & J
7
J & J
7
J & D
5*8 F & A
3
F& A
3J & J

P rincipal,
When Due.

T
. . „„„
Jan- L j^OO
h
Dec. 1, 1896
Feb. 1, 1894
Aug. 1 ,1 9 0 9
J g , g g

A m ount
Outstanding.

<
dkaa aaa
$500,000
500,000
100,000
37 -500
300,000
f^ O O

PAR V A L U E OF BO NDS.— The bonds are in $1,000 and $500 pieces.
IN T E R E S T — W H E R E PAYABLE.— Interest and principal of the
City Hall 3s is payable at the Onondaga County Savings Bank in Syrasuse, of the water loan at the office of the Metropolitan Trust Companyin New York, and of other bonds at the office of the Union Trust Com­
pany in New York.

October, 1891.

59

T O T A L D E BT , E t c .—The total funded debt on January 1,1891,
r —Interest.— .
Amount
Rate
When
was $1,937,500; water debt (included in total), $500,000, and in July,
LO A N S —
Principal,
Outstand­
P. Ot. Payable.
When Rue.
ing.
1891, an additional $500,000 water bonds was issued. In 1890 the N A M E A N D PU RPO SE.
..r
Nov. 1, 1911
a$5,000
tiotal debt was $1,438,500; in 1880 it was $1,351,500. The city has no Issue of Novem. 2,1885. ..r 3*3 M & N
do
do
3*3 M & N
Nov. 1, 1912
a5,000
sinking fund.
do
do
..r 3>d M & N
Nov. 1, 1914
a7,500
do
do
..r 3*2 M & N
A S S E S S E D V A LU A T IO N . —In 1891 the assessed valuation of real
Nov. 1, 1915
a7,500
do
do
..r 313 M & N
Nov. 1, 1917
a l , 000
•estate was $41,668,278; of personal property, $3,378,389; total, $45,046,667; city tax proper, $16'72. In 1890 total assessed valuation
a Bonds for $1,000 each, b Bonds for $5,000 each, c Bonds for
was $43,171,435; total tax rate (per $1,000), including State and $10,000 each, d Bonds for $500, etc. y Bonds for $1,000 and $10,000.
•county, $21-37. Real estate is assessed at “ about 75 per cent of its
IN T E R E S T — W H E R E PAYABLE.— Interest is paid at office of City
Chamberlain.
actual value.” In 1880 total assessed valuation was $28,324,643.
T O T A L D EBT , S IN K IN G FUND , Et c .—The subjoined statement
POPULATION.—The population in 1890 was 88,143; in 1880 it was
shows Troy’s total municipal debt, the sinking fund held by the city
51,792 ; in 1870 it was 43,051.
against the same, and the water debt, on the first day of March of each
of the last two years.
1891.
T A R R Y T O W N . - D . 0 . A rcher , President.
1890.
Total funded debt (exclusive of water debt)___$896,479
$820,120
This village is in the town of Greenburg in Westchester County, It
Sinking funds, cash, etc.......................... ........... 54,443
70,387
•owns its water works.
$749,732
LO A N S—
When Rue. Total debt Mar., 1891___$171,000 Net debt on March 2 0 .............................................$841,036
Sew er B onds—
393,500
Includ’g temporary loan of 14,000 Water debt additional............................................ 378,500
Sinking funds, e t c .............. '.............................. 39,119
37,126
Tax valuation 1890—
4s, { J&D } $72,000. 1891 to 1914
Real estate......................$3,382,519 Net water debt..............................
$339,381
$356,374
($3,000 due yearly) to 1914 Personal property........
270,650
W ater B onds—
W A T E R W O R K S B O N D S .—The water works bonds were issued
Total................................ 3,653,169
-4s, J&D, $85,000..................... 1891 Population in 1890 about___4,500 under the authority of the laws of the State of New York and pursuant
($3,000 due yearly) to 1918 Population in 1880 was........ 3,02“
to resolutions of the Common Council at various times. With reference
Principal and interest of sewer bonds is payable at the Tarrytow
to the issue of May 1, 1879, the Water Commissioners agree to pay
National Bank.
annually to the sinking fund therefor $4,000 out of water rents and in
addition to pay the interest on the bonds. For the issue of August 1,
1879, they agree to pay yearly $7,000 to meet the prineipal and interest,
T H O M P S O N . — T . A . N iv e n , Supervisor.
and in like manner for the issue April 1,1880, $7,000 yearly to pay
This town is in Shllivan County.
principal and interest. A sinking fund was thus created for these three
_ LO A N S —
When Rue. Tax valuation, 1890......... $694,419
R ailroad B onds—
do
equalized. 794,992 classes of bonds.
........ ,|$72,000.................. ....... State, county and town
“ The bonds of later dates were also issued upon the understanding
‘• * v v v .v ’ -i®3,0? ? ........ ......... >
m
----tax (per $1,000) ............ $31-83 that the Water Commissioners should pay annually out of the taxable
Total debt, Nov., 1890....$235,000 Population in 1890 was...... . 7,145
Population in 1880 was........ 3,514 water rents of the department a sum sufficient in the aggregate to
pay the interest of the bonds, and also the principal thereof, in such
amounts, and at such dates, as the principal and interest should become
T O N A W A N D A . — J oseph Petts, President
due and payable. The sums thus provided for are annually set aside
This village is in Erie County.
by the Water Commissioners and also upon the books of the Comp
• LOANSWhen Due. Annual interest charge... $4,410 troller and Chamberlain, for the purpose of meeting the principal and
Sew er B onds—
Tax valuation in 1890..............
interest of all these bonds as they respectively become due.” —[City
4s, J&J, $81,000........
Total tax per $1,000..................
Comptroller .]
Other bonds, $45,000.
..
Population in 1890 was.............
Total debt July, 1890...... $126,000 Population in 1880 was........ 3,864
D E B T LIM IT A T IO N . —By Act of the Legislature passed February
IN T E R E S T on the sewer bonds is payable at the Chase National 4, 1887, the city was forbidden to incur in any year debts not payable
Bank, New York City.
from the year’s tax levy.
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, property being assessed at about full value
T R O Y — D enn is J. W h e lan , Mayor.
since 1885:
Real
Personal
Total Assessed Rate o f Tax
Troy, the county seat of Rensselaer County, is at the head of steam­
Tears.
Estate.
Property.
Valuation, per $1,000.
boat navigation on the Hudson River, 151 miles from New York 1890.................... $41,850,296
$5,198,000
$47,048,296
$18-45
5,491,320
It is also near the terminus of the Erie Canal, and on several railroads, 1889.................... 42,690,102
48,181,422
19-11
1888.................... 42,454,445
5,598,427
48,052,872
17*20
It is largely interested in manufacturing.
The tax rate in 1890 includes State and county tax $6-75 and city
» Interest.— ,
—
Amount
Rate
When
LO A N S—
Principal,
Outstand- tax proper $11-70; total $18*45 per $1,000. The city tax in 1889
'N A M E A N D PU RPO SE.
P. Ot. Payable.
When Rue.
vng.
raised $577,967, against $528,321 in 1888, the water rents additional
Bonds of 1868 (funding).
M & S'j Sept.l,’92tol896 c $ 100,000 being $63,064, against $71,134 in 1888.
$20,000 yearly.
do
POPULATION.—In 1890 population was 60,956; in 1880 it wais
do
.c
M & S
Sept. 1, 1897
c l 0,000
f
to 1896
do
1869 (funding).c
J & J _ July 1,’92yearly. ) ylOO.OOO 56,747; in 1870 it was 46,421.
$20,000
do
do
do
0
&
7 JJ& JJ
July 1, 1897
y l 0,000
do
1877 (renew.).c* 6 J & D
June 1, 1892
y5,000 T R U X T O N . — P. D. M uller , Supervisor.
do
1878 (renew.).o’ 5
J & J . J u ly l5 ,’9 2to’94
a7,000
Maturing $2,000 or $3,000 each year.
This town is in Cortland County.
do
June, 1884......c 4
J& D
June 2, 1897
blO.OOO
When Rue. Tax (valuation 1890....... $406,435
LO AN S
do
do
.......c 4
J & D Jne2,’98to’ 1904
bl60,000
N.Y. & Os. Mid . RR. B onds :
State, co. and town tax
Maturing $20,000 or $25,000 each year.
4 s ,...... $130,200............................
(per $1,000) ................
$24-91
do Feb., 1887 ........ r 3^ F &
$130,200 Population in 1880 was
Aug. 12,1897
1,468
5.000 Total bonds Dec.,1#90
do
do
. . . . r 3*2 F &
Aug. 12,1898
15.000
do
do
. . . . r 3*2 F &
Aug. 12,1899
20.000
do
do
....r 312 F &
Aug. 12,1900
4.000 U L S T E R
C O U N T Y
Treasurer.
do
do
3i« F & A Aug. 12,1905-’0 7 )
30.000
$10,000 yearly. 5
County seat is Kingston.
do July, 1887 ..........r 312
July 11,1907
alO ,000
LO ANSW hen Rue. Tax valuation 1 8 9 0 City hall bonds of 1876c... 6
July 1 /9 2 -1 9 0 1
28.000
County B onds—
Real estate............... $54,829,512
Maturing $2,000 or $3,000 each year.
7s, etc., $833,000.............................
Personal property .. 2,791,225
M A h 5 Sept.20,’98-1909 )
r
Total debt March, 1891..$833,000
Public building, 1884... ...r 4
Total ........................ 27,260,737
8 \ $10,000 yearly. \ * 120,000
Population in 1890 w a s ___87,062
do
do
...r 4
M & 8
Sept.20,1910
bl5,000
Population in 1880 w a s ___85,838
do
dp
1886... . .r 4
M & N
Nov. 20, 1911
d l l , 500
do
dp
1889.... ..r 3
A & O
Oct. 19,1897
4.000
do
do
...r 3
A & O
Oct. 19,1899
20,000
U T I C A . — A lexander T . G oodwin , Mayor.
Oct. 19,1900— 2)
’0
do
do
...r 3
A & O
18,000
$6,000 yearly. 5
Utica is in Oneida County, 95 miles northwest of Albany. It was in­
do
do
1891..
3
F & A
Feb. 1, 1911
2,605
Public Improvement, 1891. 3
M & 8
Sept. 1, 1900
10,000 corporated as a city in 1830.
do
do
3M & 8
• Interest.—
—
Amount
Sept. 1, 1901
10,000
LO A N S—
Rate When
do
do
3- M & 8
Prineipal,
Outstand­
Sept. 1, 1902
20,000
N A M E A N D PU R PO SE.
P. Ot. Payable,
ing.
do
do
3M & 8
When Rue.
Sept. 1, 1903
20,000
do
do
. ....... 3
M & 8
Sept. 1, 1904
[Oct. 1, 1891-’93> $14,694
16,v00 Paving bonds........ ............. 5
Oct.
! $4,898 each year. (
do
do
3 J & D ( Dec. 1.1905-M8> 40,000
l $10,000 yearly 5
)
do
5
Nov. 24] [Nov. 2 4 ,1891-’9 3 5
19,365
do
do
3J & D
Dec. 1, 1909
1$6,455 each year
8.000
T ro y police force bonds... r 4
F & A Aug. 15, ’93 & ’94
; Dec. 8, 1891-’93 )
13,862
5
Dec.
1,665
W ater Works B onds :—
8 i1 $555 each year. 5
July 9, 1891
issue of May 1,1 87 9 ....... 0*
July 9
5,000
M & N M a yl,’92tol902
a60,000 Temporary loan bonds....... 6
do
do
6
Oct. 31
Oct, 31, 1891
4,000
Maturing $2,000 ach even year.
do
do
do
6
Nov. 1, 1891
Nov. 1
Aug. 1,1879... ...c* 4 1 F & A Aug. 1, ’92-1904
6,000
«
d37.500
do
do
Dec. 1, 1891
Dec. 1
6
5,000
Maturing $7,500 every turd year from 1892 to 1904.
do
do
___ 6
do
Oct. 25, 1892
Oct. 25
5,000
do
— c* 4*9 F & A Aug. 1,1907—19
’
40,000
do
do
Nov. 1, 1892
6
Nov. 1
3,000
Maturing $8,000 every hird year from 1907 to 1919.
do
do
___ 6
Dec. 1
Dec. 1, 1892
2,500
do
April 1, 1 8 8 0 ....c* 313 A & O Apr.l, 1891 to’99 > b45,000
Nov. 1, 1891-’95 )
do
$5,000 yearly. 5
do
___ 5
Nov. 1 j. part each year. 5
22,000
do
do
..c* 31« A & O
Apr. 1, 1900
blOjOOO Railroad aid bonds............
do
July 1, 1901
7
do
200,000
..c* 3*2 A & 0
Apr. 1, 1901
b l 0,000
*(
IN T E R E S T - W H E R E
do
August 1,1881. . 0* 313 F & A ■Aug. 1’91 to 1900 > b50,000
A ( $5,000 yearly. 5
the City National Bank.
oon
• d May, 1883........ ..c* 3>3 M & N-(M ay 11910 t o ’ 19)
<o
T O T A L D EBT , Etc .—The subjoined statement shows Utica’s total
\ $5,000 yearly. $ b50,000
do
June 1 ,1 88 4 .. ...r 4
J& D
June 1, 1903
c5,000 funded and floating debt on the 1st of March, 1891 and 1880.
do
do
...r 4
J& D
June 1, 1904
c5,000
. . . f i
U
1891.
1880.
4Ï0
do
. . .r 4
J & D June 1 ,1905-’09
c 40,000 xotal fnnded debt.........................................................$259,000 $560,000
Maturing $10,000 yearly, omitting 1907.
Floating debt, payable by special assessments.......
35,725
6,000

/



Vol. LIIL
6 0
In 1891 bonds were authorized, the proceeds of which should be used
in changing the Mohawk Channel.
D E B T LIM IT A T IO N . —The city is restricted by law to the issuance
o f temporary loan bonds in anticipation of city tax.
ASSESSED VALUATION.—The city’s assessed valuation (about 70
per cent of cash value) and tax rate have been as follows:
Real
Personal
Total Assessed RateWTa®
Tears.
Estate.
Property.
Vahtatacm
1890 ............. $16,461,052
$2,330,606
$18,791,658
$27 23
1880l................ 16^998,760
2,476,800
19,475,560
POPULATION.—In 1890 population was 44,001; in 1880 it was
33,914; in 1870 it was 28,804.

W A L T O N . - 0 . B. B assett, Supervisor.
This town is in Delaware County.
Total debt Nov., 1890— $138,000
L O A N S—
when ]Due- Tax valuation 1890........ 1,050,419
R B . A id B o n d s (reg.)~
4s, F&A, $108,000... .Feb. 1,1896 Total State, county and $15'0I
town tax (per $1,000)..
($6,000 due yearly) to Feb. 1,1918
1890 (about)..3,000
iUss, F&A, $30,000... .Feb. 1,1909 Population in 1880 was........ 3,544
($3,000 due yearly) to Feb. 1,1913 Population in
The four per cents are payable to the Union Dime Savings Bank, New
York City.

W A R S A W . — A ugustus

F r ank

and

S.

W.

T h a ye r , Commissioners.
The town of Warsaw, containing the village of the same name, is
situated in the county of Wyoming, and is noted for its beautiful
scenery.
1gam ?

_ interest.— ,
—
Amount
Rate
When
Principal,
OutstandNAM E AND PURPOSE.
P-Ot. Payable. When Due.
ing.
Railroad aid loan to Buffalo BoT . . -.009 « i n o o o o
Chester & Pittsburg B R ....... 4
J & J July 1, 1902 $100,000
F R EE D O M FROM T A XA T IO N .— These bonds are exempt by statute
from any taxation.
IN T E R E S T — W H E R E PA YA BLE.— Interest is payable at the office
o f the Union Trust Company, New York.
D E B T E t c .— The total funded debt on April 1,1891, was
$100,000; sinking fund assets, $10,000; net debt, $90,000.
A S S E S S E D V A LU A T IO N .— In 1890 the assessed valuation of real
estate was $1,895,765; of personal property, $288,140; total, $2,183,905; tax rate, (per $1,000) $9*40. In 1880 total assessed valuation was
$1,446,830.
P O PU LA T IO N . —The population in 1890 was about4,200; in 1880
was 3,227; in 1870 was 3,143. The population of the village in 1880
was 1,910; in 1870 was 1,631.

W A T E R T O W N - W . F. P orter, Mayor
This city is in Jefferson County.
LOANS—
When Due. Totaldebt........................
-----Water B ond?—
Tax valuation 1890— $6,316,494
314s, J&J, about $280,000
........
Beal estate being....... 5,247,964
.......................Personal property— 1,068,530
Other bonds
Interest is payable by the Ameri- City tax (per $1,000)...
......
can Exchange National Bank, State, county and town tax (per
New York City.
$1,000), $5-80 or $7-60 according
*
to the ward.
Population in 1890 was— 14,725
Population in 1880 was— 10,697

W

A W

A R S I N G .—

, Treasurer.

Wawarsing is a mountainous township of Ulster County in which the
village of Ellenville is situated.
,— Interest.— ,
Amount
LO A N S—
Rate
When
Principal,
OutstandN A M E A N D PU RPO SE.
P- Ot. Payable.
When Jjyie.
ing.
Town D ebt :

Railroad aid loan................

3*2 F & A

$8,000 per year.

$202,500

W E S T C H E ST E R

C O U N T Y .— F rank A.

W atson , Treasurer.
County seat is White Plains. Loans marked with a dagger below bear
interest at a rate a fraction less than here indicated.
Tax valuation (about 60 per cent
When Due
LO ANSactual) in 1890—
Central B ridge
Beal estate.................$69,181,212
7s, J&D, $17,000... .Jan. 1,1892
Personal.................... 2,524,832
General P urposes—
Total.......................... 71,706,044
3*28, June, $53,500— J u n el, 1892
3*28, June, 20,000...tJunel, 1897 State and county tax
per $1,000.................
$7-614
3s, June, 17,000.... Ju n el, 1893
3s, June, 30,194...tJune, ’94-5 Population in 1890 w as.. .146,772
Population in 1880 was.. .108,988
3s, June, 15,000.... J u n el, 1896
Total debt Sept., 1891 $152,695.
Interest is payable by County Treasurer at White Plains.

T R O Y . — J ohn Ca h ill , City Clerk.
This city is on the Hudson River opposite Troy, 6 miles above Albany
It is in Albany County.
Amount
,— Interest. — .
Outstand­
Principal,
Rate
When
LO ANSing.
When Due.
P. Ct. Payable
c
N A M E A N D PU RPO SE.
$2,000
A & O Oct, 1, 1900
a Pavement bonds....... ...1889 4
10,000
A & O Oct. 1, 1902
do ....... ...1889 4
a
do
6,000
A & O Oct. 1, 1904
do ....... ...1889 4
a
do
.......
1910
do ....... ...1891 4
a
do
50,000
........
1911
do ....... ...1891 4
a
do
........
1912
.
do ....... ...1891 4
a
do
182,000
...1891
City bonds
W E S T

a $1,000 each.

IN T E R E S T — W H E R E PA Y A B L E —Interest is payable at City
Chamberlain’s office, West Troy, N. Y.
*
,
T O T A L D EBT , E t c .— The total funded debt on July 1,1890, was
$200,000.

A S S E S S E D V A LU A T IO N .— In 1890 the assessed valuation of real

estate was $--------------- ; of personal property $--------------- ; total, $
---------- . tax rate (per $1,000),--------. In 1888 total assessed valuation
was $4,308,825.
PO PU LA T IO N . —The population in 1890 was 12,967; in 1880 it w as
8,820.

W H E A T F I E L D . - W m . J. K age , Treasurer.
This town is in Niagara County.
LO A N S—
When Due. Tax valuation in 1890. .$3,913,327"
State, co. and town tax
Sew er B onds—
per $1,000.................
963,23fr
4*28, J&J, $81,000. . . . Jan. 1, 1900
---($3,000 yearly) to Jan. 1,1926 Population in 1890 was—
Population in 1880 w as.. .. 4,390
Total debt March, 1891.
$81,000
IN T E R E S T is payable at Chase National Bank, New York City,

W

H E A T L A N D .

-T homas

B rown ,

Railroad

Commissioner.
This town is in Monroe County.
$5?,00fr
LO A N S—
When Due. Total debt Dec. 1890...
R ochester & State L ine BR. Tax valuation 1890.......
Tax per $1,000...............
$8'612
R efunding Bonds—
4s, F&A, $26,000....... Feb. 1,1892 Population in 1890 w as........... - - - Population in 1880 was..... 2,629*
($2,000 due yearly) ’to Feb. 1,1904
4s, F&A, $24,000........Feb. 1,1905
($3,000 due yearly) to Feb. 1,1912
IN T E R E S T is payable at Union Trust Co., New York City.

W H I T E H A L L . — 0 . F. D a v is , President.
This village is in the town of Whitehall and in Washington County
$79,000
LO A N S —
When Due. Total debt Apr., 1891.
735,000
Tax valuation 1890—
W ater B on s :
Real . do
(est.)... 1,050,000
4s, semi an. $25,000---1894
$15-00
4s,
do
25,000___
1904 Total tax (per $1,000).
4,5004s,
do
2 9 ,000....
1914 Population in 1890 abt.
4,270
do
in 1880 was

W a te ^ io M L .^ 81. ' ............ 7
M&N
Nov. 1, 1891
30,000
^do
.......................... 7
---•
,1 8 9 2
5,000
do
...................
- 3*2 M & N £ suWt'o ca lll8 9 2 . |
16,000 Y A T E S . — A. B. M ills , Supervisor.
This town is in Orleans County.
IN T E R E S T — W H E R E PAYABLE—Interest on the town bonds is
LO A N S —
When Due. Total debt Nov., 1890 .......$96,000
payable at the Home Bank of Ellenville.
Tax valuation in 1890.....................
County B onds ($500)
T O T A L DEBT, E t c .— The total funded debt of the town April 1 , 5s; Apr. 1; $96,000---- Apr. 1, 1891 Total tax per $1,000 ..................
to
............. Population in 1890 was................1891, was $202,500; total funded debt of the village of Ellenville
Population in 1880 was............ - - ($4,000 due in 1891)
April 1,1891, was $51,000, all for water. The total debt of the village
in 1880 was $31.000.
A S S E S S E D VALUATION—In 1890 the assessed valuation of real Y O N K E R S . — J ames M illw ard , Mayor.
estate was $702,509; of personal property, $77,370; total, $779,879.
Yonkers is in Westchester County on the New York Central & Hud­
tax rate (per $1,000), $45-29. In 1880 total assessed valuation was son River RaUroad, 15 miles north of Grand Central Depot, New York
$1,280,508.
Amount
P O P U L A T IO N — The population in 1890 of town and village was City.
,— Interest.— Outstand­
Principal,
LO A N S —
Rate
When
; in 1880 it was 8,547; in 1870 it was 8,151. The population of
ing.
When Due.
N A M E A N D PU R PO SE.
P•Ot- Payable.
the village in 1880 was 2,750.
a $8,000
1892, ’93 & ’94
Bridge bonds....................... 3 A & O
a 340,000
1892 to 1902
Consolidation bonds.......... 7 A & O
.
These bonds mature $30,000 yearly till 1901, then $35,000 yearly.
W E S T C H E S T E R . — M ichael R an c h , Sup’r.
1896 to 1899 ) „ 2 0 000
A & 0 | :$5,000 due y’rly. $ a
This town, containing a village of the same name, is in Westchester Fire Department................ 4
2,500
1900
A & O
4
do
......
County.
1892 to 1895
a 20,000
A <
fc
4
When Due. 312s, M&N, $150,000.May 1, 1919 Public building, etc---$5,000 due y’rly
°s
LO ANS($10,000 due yearly) to May 1,1933 Redemption bonds............. 4
S 47,000
B ridge B onds—
F & A
W ar B ounty—
7,143
1892
4s, July, $6,334............ July, 1892
3^2
7s, F & A , $14,000.. . .Aug., 1892 School building.................. 3*2
1893 to 1902 \
($1,000 due yearly) to July, 1897
5.000
($2,000 due yearly) to Aug., 1898
do
d o ......... .
$5,000 due y’rly 5
E ast B oulevard L oanTotal debt Feb. 1891... $311,334
1903 to 1912 I
78, ........ , $ 3 ,0 0 0 ..............
5.000
Tax valuation in 1890..$2,866,955
do
d o .................
$5,000 due y’rly )
R efunding B onds—
Average tax (per $1,000). $30-00
2,5001913
6s, F & A, $5,000................. .
Population in 1890 about— 7,500
do
d o ...............
1903 to i g o e ^ ^ o o o ,
5s............ $25,000................... .........
A & O $50,000 due y !
4s............
5,000............................. Population in 1880 was........ 6,789 Water bonds............. .......... 7
a 60,000
1907
L ocal Improvement —
fc
A < O
.......... 7
a 60,000
1908
314s, M &N, $85,000..May 1,1891
A & O
.......... 7
($5,000 due yearly) to May 1,1918
A & O
.......... 7
do
1909 to 1914 ;
O $60,000 due y’rly ; a 360,000
A
.......... 5
INTEREST on local improvement 3 X is payable by Coffin & Stanton
4S
A & O
do
............ ..........4
New York City; on most other issues at Murray Hill Bank.




October, 1891.
I /"\ « Mn
k ,J L 0 A NS—
IA r.

'— Interest.—;
Rate When
P. Ct. Payable.
Water Bonds..................... 4
A & O
4°
................ 4
A & O
4®
.................... 4
A & O
do
.................... 3 ^ A & O
name and purpose .

61
Amount
Outstand,
ing.
a $5,000
a 65,000
a 20,000
a 20,000

Principal,
When Due.
1519
1916
1917
1917

bonds are for $1,000 each,
ih is is a single bond for $2,500.
S ihese bonds are for $10,000 or $20,000 each.
PAR VALUE OF BONDS .—The bonds are mostly for $1,000 each
as indicated above.
^ INTER EST—W HERE PAYABLE .—Interest is paid at City Treas.T O T A L DEBT, SINKING FUNDS, Etc .—The subjoined statement
shows Yonkers’s total debt, and the sinking fund held by the city
against the same, on the first of March, 1891 and 1890.
Total funded debt (including water debt)
Sinking funds for water bonds................ ." V *
.

58Q ¿40
80,548

1890.
$1,292,500
63,000

State of New Jersey.
IT S

D E B T , R E SO U R C ES, E t c .
Admitted as a State
One of Original Thirteen
Total area of State (square miles)
7,815
....................................................... Trenton
State Capital
Governor (term expires 3d Tuesd. Jan., ’93)
- Leon Abbett
Secretary of State (term expires Apr. 1, ’92) - Henry C. Kelsey
Treasurer (term expires March 7, 1894) - George R. Gray
Legislature meets annually the second Tuesday of January,
and there is d o limit to the length of the session.

Net debt...................
®i
nn*
$1,229,500
W?*®r<l e^t
; .................-........- - - - - - - - $ $850,000
I $830,000
B M
Included in the total debt as of March 1,1891, were: $1,283,000 muni­
cipal bonds; $145,000 assessment and tax relief bonds issued in antici­
pation of taxes and assessments and to be paid from receipts, $114 643school building bonds, issued by Board of Education and to be paid by
era from their tax, and $40,000 redemption bonds issued for the
purchase of lands bid in by the city at sales for non-payment of taxes
and to be paid from the sale of lands so purchased.
The sinking fund receives yearly an amount equal to 2 per cent of
the outstanding bonds.

HISTORY OF DEBT.—New Jersey has always been a conservative
State; there are consequently no facts out of which to construct a his­
tory of debt issues. In a report made in 1838 the financial officer o f
the State affirmed that New Jersey had put out no obligations of any
kind or loaned its credit to any company. The Constitution of 1844
forbid the creating of a State debt exceeding one hundred thousand dol­
lars except for purposes of war, &c., as will more fully appear in the
item below with respect to “ debt limitation.’’ This exception, under
which it was allowable to exceed the hundred-thousand-dollar limit
became operative on the occasion of the breaking out of our Civil War
C ITY P R O P E R T Y —The city owns its water works, which prior to
Quite a debt was created at that period and what the State now owes
i S X
k
h a i ° 08t “ * » 0 4 , 1 7 8 The ™ te r rente l o r T e » is the remnant of those war issues. The details of this debt are as fol­
lows. .
'
,i2,36° "b" eM " ,e ci,,y i,aeif; “ •
- Interest.— ,
—
Amount
e S 2 X S g S ^ 2e3^ r“ ■
m
deM f53’125; “ “ “
'
LOAN SRate
When
Principal,
Outstand­
N A M E A N D PU RPO SE.
LIMITATION.—The city’s debt is limited by law to
P. Gt. Payable.
When Due.
per
ing.
War loan...........
«
cent of the assessed valuation of real estate.
Jan.
1892
$62,600
do
....................................... e
Jan.
1893
96,300
do
.................................... 6
r.a+ f?ESSi.ED VALU ATIO N .-The city’s assessed valuation and tax
Jan.
1894
100,000
rate have been as follow s:
do
.................................... 6
Jan.
1895
77.000
do
.................................... 6
Jan.
1896
67.000
do
.........
6
Jan.
1897
199,400
Years—
Real Pstnt*
TJla\Assessed R ate o f Tax
o
do
.................................... 6
Jan.
1898
200,000
1890
*22 ^ * 99«
SooEXPk
Valuation, per $1,000.
do
........ , ......................... 6
Jan. 1, 1899
123,000
do
.................................... 6
i 88 o . . . / / / ” / . : : : : V o24,'ot7
* 17;3902
Jan. 1, 1902
71.000
rvlNTEj ^ f STr WHERE PA Y ABLE—Interest is payable in Jersey
City and Trenton.
18P8°92 , inA ™ !l wa“
U i
B° PUlatlOT WM 32’033 •| « « » I p
EXPLANATO RY OF BON D S .-T h e redemption bonds were issued
for p „ c , , a, e „ n ana8Wd ln b r , t o city at «ale, o l property” » “ “
payment of taxes and assessments.




$625’ 0<K) aM n ’ * 30'00<) ,r o 5 “’ $175’ 00°

Me 48

T O T A L DEBT, Etc . The total funded debt on April 1, 1891 was
$996,300; in 1887 it was $1,396,300; in 1880 it was $1,896 300- ’ The
sinking fund assets in 1887 were $702,275; in 1880 they were $1 250
000. At present much of the real estate held by the sinking fund is
greatly reduced in value.
ASSESSED VALUATION.—The assessed valuation of real and
personal property is given in the following table:
1890.......$649,979,700 18 8 4..
.. $554,828,114
.. $531,851,849
1888....... 603,676,953 1882---- 535,467,876 1 8 7 8..
1876---- 596,833,707
1886....... 573,256,303 18 8 0..
.. 518,617,518 7 4..
18
.. 619,057,903
. DBBT, LIMITATIONS. The provisions of law limiting and régulâtm g the debt-making power m New Jersey will be better understood
and the information will be made more serviceable to the investor if
arranged m accordance with the civil divisions to which the provisions
(1) THE STATE is restricted as to its debt-making power by the
State Constitutmn. In Article IV, Section YI, paragraphs 3 and I , the
SlltJr Î 18
o t The thlrd Paragraph forbids a loan o f the
State s credit, and the fourth paragraph forbids the creation of debt
These provisions are as follows.
•
any S s e 0™ ^ ° f ^

8tat6 Sha11 n0t be direotly or indirectly loaned in

suppress insurrection, unless the same shall be authorized

from th l time <St h Æ t e à f f i f f i e o f ^ d
years
such debt or liability and t h T fetérelt W « ot7
charged; and no such law shall take effectunttl1t^hiuPaid and dis;
election, have been submitted to the neon!S
Æ
a générai
sanction of a majority of all the v o t e s en itfA ^ „ Jlave- received the
election ; and all money to be raisld bv t b ^ s n t ï , ^ a^amsÎ # at such

T 1 f 0rdlI.ê, t 0 1he.^oregoing Gth paragraph), the power of the State for
r,f i
l
t
T d S fw ? «
I f t0 $100’000’ ^ c e p t (1) for purposes of war etc.,
I t h f 16 authorization is for some single object of work speeierein etc. In the latter case the mode of procedure is, as will
be/o?e^’rS1Ven m the same Paragraph of the Constitution.
(2) CHIUS, COUNTIES, TOWNS, Etc., are also restricted in the
a
o certain kinds of debt by Article I, paragraphs 19 and 20, o f
the Constitution. We give the paragraph in full.
hereafter
borough, town, township or village shall
to or in auinf A /
,1 n? I °,r Property, or loan its money or credit,
securitv fu r
individua,!, association or corporation, or become
bonds o f iiTvo- a s o i 6- directly or indirectly the owner of aiiy stock or
° on §xr
association or corporation.
b v t h e °Sta tffn r nt)Î , / and or. appropriation of money shall be made
C
or •a4 y municipal corporation to or for the use of
any society, association or corporation whatever.
It will be noted that the. above prohibition relates to the giving o f
money, property or credit of cities, &c., to individuals, associations or
corporations, &c., and that the prohibition is absolute, forbidding the
doing of such acts in any form, shape or manner. There is one othe

Vol. LIII.

62

in 9T,v aaM- authorized bv any legislature of such State to be contracted
t h e S k s o fb on d s of any city, town, county or village of this
restriction of the State Constitution, and that is found in Article IV,
Section VII., paragraph 11, which forbids the Legislature passing any State issued pursuant to the authority of any law of this State, or of
tbeVdtiM of New York, Brooklyn and Philadelphia, or in any .mterestthe internal affair, of
o f betring^^obligations (other than those commonly known as improve:
in this and in all other cases in which according to the Judgm ents ment fertificatesrissued by. the city, town or borough in which such
the Legislature general laws are feasible, the Constitution states that
bamk orba^ 8a^ °ar|]jak^mortgages’which shall be a first lien on real
estate sRuate iH this State, and8 worth at least double the amount
general laws must be provided.
_
___■
foaned thereon, but not to exceed eighty per centum of the wlmle depos­
I n compliance with this last provision the Legislature as p
-many general laws covering bonded indebtedness of cities, towns, <tc. its shall be to loaned or invested; but in case the loan is on unimpro ved
e
or unproductive real estate, the amount loaned thereon shall not be
They are so numerous they cannot be cited here. We would refer the more than thirty per centum of its actual valu e; and no investment in
reader to the Revised Statutes of New Jersey published under am a c t^ tt. v bond and mortgage shall be made by any savings bank, except upon
thJreport of a committee of at least three of the managers, directors
the Legislature in 1877, to the title “ Municipal Corporations P =
or trustees of any such bank or institution, and a majority of which
714 to 720 both inclusive; and also to the same title (Municip
committee shall certify to the value of the premises mortgaged, or to
be'mortgaged, according to their best judgment; such report shall be
ations) in the Supplement to the Revised Statutes of New
y
flier! and preserved among the records of the institution ,
lished in 1887, pages 493, etc.
.
V L I n real estate strictly in ae cordanoe with the following pro­
POPULATION OF S T A T E .-N ew Jersey has made very rapid ad­ visions.
,,
„ ,, „
vance i i population during the last few decades, m 1790 the>numlle
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
o f its inhabitants was 184,139; from this there was an mcrease o n j
211,149 in 1800, to 245,562 in 1810 and to 277 426 ,^ 182f )’ S^
g two in number, being marked (a ) and (b), and may be summarized as
but small additions during these early decades. Even in 1850 the pop­
below .
hnl rl i nof a plot for erection of a b anking buildulation was not quite half a million, being 8 ,
.
f nearly
nortions of which may be rented, but the cost of lot
However, gives a total of 1,444,933-an increase in forty years of nearly •
Ln% buildings must not exceed 50 per cent of the net surplus of the cor200 per cent.
1830............ ?20,823
m(ier foreclosure sales upon mortgages ownedby
1890 .......... 1,444,933 1860.............. 672,035 1820............ 277,426 poration,
1880............. 1,131,116 1850.............. 489,555 1810............ 245,562 ti^Anrno™tion orsales under judgments or decrees obtained for debts
1 8 7 0 ............ 906,096 1840.............. 373,306 ■
From 1860 to 1870 the rate of growth was 34-83 per cent; from 187
time shall be extended.
,
f
to 1880, 24-83 per cent; and from 1880 to 1890, 27-74 per cent.
The other law referred to above amending section
B A N K S -N A T IO N A L , S T A T E AND S A V IN G S IJ 1 ® f n
1878 is as below :
„
.
. „ a+i
-T h e re has been quite considerable growth in bantang facilities
9 mha+ hereafter it shall not be lawful for any saving insti­
New Jersey during the last few years, and while the national banks
. t:eVeptfn °upon
h a ^ absorbed a large part of this ^ ^ h , the expansion has been by tution in this State to loan the money on
no means confined to these institutions, and there have bee* de°
additions in both the State banks and the trust companies. Thus there
were 95 national banks in the State on July 9,1891, against only 72 on
December 2 4,18 8 5 ; while the number of State banks July 6, 18 ,
was 22, against but 10 at thebeginning of 1886 ; and the nu
,
trust, safe deposit and guarantee companies m July, 1891, T as_?
against not more than than two or three at the close of 1885. The
29 ana 89.)
following shows capital, deposits and profits of the national and State held by such institution. (See sections
In addition to the foregoing (according to section 27 of th€> gene ral
hanks.
____ -1890-91_______ * /— — 1885-86.
»
----' law of 1876), the managers can keep on hand or on depos t
^
in the State, or in any trustor safe deposit company m New Jersey
N ew J e r s e y . ( i » . >
v J fiS to
<
“
> New York or Pennsylvania, an available fund of not exceeding ten per
cent of the whole amount of deposits with such corporation, or loan
*1,656.666 * l g ;l g § $ 0
S s l l o n pledge of tffe eeeurlties named 1» tb . t o j , .eeB o»
8 S a S S f « a & 45,170.029 6,070,233
33:188,767 » « f g
atove. Alee (accordingto section 28 of t ie
The 117 national and State banks held at latest dates $51,240,262 of can deposit temporarily in banks the excess of current daily
deposits, against an aggregate of $36,649,165 held by the> 82 institu­ receiptsPover payments until such time as they may be judicio
y
tions in existence in 1885-86. The aggregate capital now is $15,970,016,
against $13,503,630, and aggregate surplus and profits $10,604,551, ^ B u tlh e most comprehensive amendment as to investments which has
against $6 520,188. In addition the 21 trust, safe deposit and guaran- b ^ n passed in New Jersey is the law of 3.886, which being
was of course a statute of the State when the above act of ¿8 8 9
$820,128 surplus and profits and $5,399,700 deposits. In theoase of the passed, and explains the scope of the 18$9 law. The law of 1886 is
savings banks, while there has been a decrease in the number of the
banks, the operations of the institutions for the last ten years reflect S ection 1. That it shall be lawful for any saving^bank.or savings in ­
striking progress, and indicate full recovery from the depression stitution, incorporated under any law o
t
any gtate of the
deposited with it in the bonds of any c it y or county or
pur8Uant
following after 1876.
ig g i
^
1881.
1876.
United States of America, which ^sunli State • provided, no such city or
to the authority of any law' of any.such State^™ ™ “ *£’ & ve8tment by
Savings Banks—
(Jan.l.)
(Jan.l.)
(Jan 1.)
(Ja* 1.)
county bas, within ten years previou^t
_
b
state, defaulted in
Number of banks. . . .
27
p i 681
74,965
*93,000 any such savings bank or s
a
w
o
r
interest of any debt
the payment of any part of eit
^ contracted; and provided, fu r & 3 & 3 S o i "a il such City or county is limited
B g S S S S S S l t 2’950«
2’ 166’« 6
1'036'“ 6 l
by law to ten percentum of ts assessed valuation.
j
ey
It will be noticed that the foregoing provisions leave the New Jersey
* Approximate.
B
, oni
It will be observed that the number of depositors on January 1,1891, law verv broad and liberal. Not only can savings bank deposits be
was 125,073, against91,681in 1^86, and 74,965 tal881,andth^a|a|unt invested in bonds of the United States, in bonds
^ e cittel of
o f the deposits $32,462,603, against $25,335,780 in 1886 and $19,863,
which have
of every city of the
638 in 1881.

I S filiE lis S fl

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! In good part that law is still in force, but the more important
sections with reference to investments, especially sections 26 and 29 of
the general law, have been superseded by later statutes.
Indeed, for some time the legislative tendency in the matter of invest­
ments has been in the direction of allowing the management of these
institutions a wider choice and a larger discretion. Section 26 ofThe
1876 law restricted the investments within narrow limits. In 1878
those limits were widened somewhat by an entirely new act of two sec
tions the first taking the place of section 26 of the act of 1876. In 1886
still another law was passed in place of the first section of the law of
1878 Finally in 1889 an act was passed which materially broadened
the provisions of section two of the law of 1878, which covered the
same subject matter contained in section 29 of the original law of 1876.
Consequently section 26 of the law of 1876 has now been superseded by
the law of 1886, and section 29 has been superseded by the law of 1889,
and hence the following contains the leading provisions of the law as to
invest ments which are in force in New Jersey to-day :
SvrTTOX 1 That the first section of the act of which this is a supplethA same is hereby amended so as to read as follow s:
m ^h^.t?tasba^nota^ eiaw f^ ?from and after the passage of this act, for
That it shall not Deiawiui,
institution, whether chartered or
any savings hank or other s or special act of the legislature of this
incorporated under a ^en
P
charter, or any supplement
State, an^ any provision contain
tnegtitution tQ tbe contrary) to
with the same in any manner, except as
¿en ds
di^tinctly^^ledgeid to° provide for the payment of the principal and
miLr in th e interest-bearing: bonds
III. In the bonds of any State in the union i




has not, within ten
^ bank or institu-

itation is 10 per cent of valuation; (2) and 15 per cent of the deposits can.
be loaned on all these securities up to 80 per cent of their market
value and (3) current receipts over payments can be kept on depos
I t interest in any bank while waiting for a good investment.

Cities , Counties

and

T owns

IN THE

STATE

OF N E W

A S B U R Y P A R K — J.

a

JER SEY.
. B radley , President.

Thi« Bnroueh is in Monmouth County.
noo
This Borougn is
_
^
Total debt May 1891.... o $95,232
LO A N S—
When Due. Tax valuation 1890....... 2,910,379
W ater B onds—
_ Real estate being.......... 2,538,i &
u
5s, J& D ....$60,000.
191|
Personal p rop erty ......
372,
5s, J & D .... 10,000.
1917
Borough tax (per $1,000).. $6-20
5s, J & D .... 22,000
...
1918 Population in 1890 was..................
Subject to call after 1893
Floating debt May, 1891. $3,232 Population in 1880 was..................

C I T Y . — S. D. H offman , Mayor.
This is a summer resort in the extreme southern portion of New JerW . » » « “ >» “ t. I t i . in AHanUo C o u n t y

A T L A N T IC

m ANSTurn Whm
rH ntipai,
Outataniamn c i iRpn^F
>
P. Ot. Payable. When Due
mg.
NAME AND PURPOSE.
_ ^
_
1891 to 1896
$32,500
City bonds
— ................. g
..........
Aug. 1893
12,000
;; I
82

8 2 :::::::::::

t

::::::
::::::

il;828
i2 | : l l n

14,000

_ T O T A L D EBT .— The total funded debt on Sept. 1,1890, was $32,a99‘ In 1831 $5 \ * »I» improvement bonds were issued. On Sept. 1
1888, the amount of funded debt was $34,450.

A S S E S S E D VA LU A T IO N . In 1891 the total assessed valuation o f
real estate was $5,037,793; tax rate, (per $1,000) $17. In 1890 total
assessed valuation was $4,457,000; in 1880 it was $3,322,000, with a
tax rate of $14 per $1,000. Property is assessed at about % actual
value.
POPULATION.—The populationin 1890 was 11,424; in 1880 it was
8,722; in 1870 it was 6,830.

A S S E S S E D V A LU A T IO N . —In 1891 the total valuation was in.
creased by State Board of Assessors to $1',870,883. In 1890 the
0f real estate was $4,111,171; of personal property,
$392,725; total, $4,503,896; tax rate (per ‘$1,000), $25-00. In 1887
total assessed valuation was $3,576,850, with a tax rate of $22-50 per
$1,000; in 1880 the total assessed valuation was $1,602,475, with a tax
rate o f $20-00 per $1,000.
B U R L I N G T O N . — J. P. W o o l m a n , Treasurer.
P O P U LA T IO N —The population in 1890 was 13,055; in 1880 was
This city is in Burlington County on the Del aware River, 20 miles
5,477; in 1870 was 1,043.
above Philadelphia. This place was first settled in 1667.
/— Interest.— .
Amount
LO ANSRate
When
Principal,
Outstand­
B A Y O N N E . — W illiam 0 . Parr , Mayor.
N A M E A N D PU R PO SE.
P. Ot. Payable. When Due.
ing.
This city is in Hudson County.
City bonds (refunding)............... 4 M & S Sept. 1, 1904
$22,500
Steam fire engine....................... 5 J & D June 1, 1910
3,500
^ LO A N S—
When Due.
LO ANSWhen Due. Meadow drainage....................... 4 J < J July 1, 1901
fe
City op B ayonne B onds.
10,000
R efunded A ssessment—
Water bonds (improvement)... 4
M & N May 1, 1894
............... $175,500....... ....................
6,000
............. $337,000...........................
do
(refunding).......... 4
M & N Nov. 1, 1906
F unded A ssessment B onds.—
26,000
R oad B onds—
do
do
.......... 4
J & J July 1, 1908
............... $156,000..........
30,000
............. $114,000...........
F unded T ax B onds—
T ax B onds—
T O T A L DEBT, E T C .— The total funded debt on March 10, 1891,
............... $165,000.................
............. $224,000.......................
WM $98,000, including water debt, $62,000; on January 1st, 1890, the
I mprovement B onds—
Water B onds—
- ..............$196,500............................
total debt was $38,000; in 1880 it was $41,000.
............ $136,000.......................
5s, ........
55,000..........
1897
A S S E S S E D V A L U A T IO N —In 1890 the total assessed valuation was
T O T A L DEBT, Et c .—The total bonded debt in 1890 was $1,504- $2,500,000; tax rate (per $1,000), $6-50. Real estate is assessed “ at
500; sinking fund assets, $64,556; net debt, $1,439,944; water’debt about 66 per cent ofjits actual value.” In 1880 the total assessed valu­
S S n io T “
b0nded debt’ $136’000- b oa tin g debt-due banks! ation was $1,923,075; tax rate (per $1,000), $7-80.
$43,000; due State and county on taxes, $26,761. The sinking fund con­
P O P U L A T IO N — The population in 1890 was 7,264; in 1880 it was
sists of cash in bank, $32,556, and bonds of the city, $32,000. Pavment 6,090.
for interest in 1890, $85,696.
Of the bonded debt $48,500 bears 7 per cent interest; $205 000 bears 6
per cen t; $1200,500 bears 5 per cent. This debt was due as B U R L I N G T O N C O U N T Y
Treas.
follow s: In 1890, $140,500; from 1891 to 1895, $394,500 • from 1896
County seat is Mount Holly.

from190140 1905- w w » ^ i w T 2

$ 9,000, from 1911 to 1915, $350,000; from 1916 to 1919, $217,000.

In 1889 tlie assessed valuation of real
959t^ T a1
8«t8’+
168’750! ofperS0Iial Property, $512,609; total, $8,681
3»u, total State, city and town tax rate (per $ 1 ,000), $ 23 -2 0 - amount
* 6,111,925“ “ ’ * 2 0 M 3 9 ’
9 3723^^_A"^"^^

1,1 1880

valuation

^be P0Pulati°n in 1890 was 19,033; in 1880 was

*???■ L L E V I L L E — J . F . W i s s e h u s e n , Chairman.
This township is situated in Essex County, on the Passaic River 3
miles north of Newark. Several manufactories are located here.
i riAMc
'— Interest.— ,
Amount
Outstand­
n am e a n d pu rpo se.
p . % . Fay aide.
ing.
Woodside (Township) b’As. 6
J A
$26,500
Street improvement bonds. 4
. . . . ^ dUnei g i g 89050,000
o ( Nl w? o r ®T N

o

w

'

a

t

t ie Bank

w I°™ L ° E
.BT.’ ET0.-TIM total funded debt on Marob let, 1890,
Aocrfoo0^ ’
kmg fund assets’ $16,008; net debt, $62,492.
estate w t s l i n f i L U A T I O N - m iSSi) the assessed valuation of real
473^ A 1’ ^16’ 3^
° f Personal Property, $129,173; total, $1,245

^ » ; 7 1880 it *
ln 1887 to“
was $i,Ib7,668,P in S ? ? ’was $1,164,798
3 , 2 * t a ^ ™ t N r3 ,6 P T latl'> ta 1890
w
4
°

B E R G E N
Treasurer.

C O U N T Y .—

a-4 8 7 ; "■ 1680 it was

J.

w .

Bogert,

LO A N S —
When Due. Total debt July 1890.... $128,500
County B onds—
Tax valuation in 1890..
....................... $37,500
........ Population in 1890 was
58,528
Floating debt, 91,000
........ Population in 1880 was
55,402

C A M D E N . — J esse P ratt , Mayor.
This city, in Camden County, is a port of entry on the Delaware Riven
opposite Philadelphia. It has large manufacturing interests, ship­
yards, &c.
- Interest.— ,
—
Amount
LO ANSRate
When
Principal,
Outstand­
N A M E A N D PU RPO SE.
P. Ot. Payable.
When Due.
ing.
6
J
Bountys loans, 1864............
Jan. 1, 1894
$15,000
do
1864.................. 6
J
July 1, 1896
30.000
do
1864............
6
J
July 1, 1898
20.000
do
1864..........
6
J
July 1, 1900
20,000
do
1891.........................
15.000
City hall, 1874.......................... 7
j & J Jan. 1, 1903
75.000
Fire department, 1889............. 4
A & O Oct. 1, 1909
15.000
Floating debt, 1871...............
7
J & D June 1, 1891
35.000
J & J July 1, 1902
do
1872.................. 7
75.000
do
1876............
7
M & N May 1, 1906
130,800
j & J July 1, 1911
do
1881..'............... 4
218,000
do
1883.................. 4
J & J Jan. 1, 1934
34.000
Funding, 1886 .......................... 4
j & D June 1, 1916
40.000
Interest account, 1873............ 7
j & J Jan. 1, 1904
25.000
do
1875............ 7
J & J Jan. 1, 1905
25.000
Pay bonds, 1877....................... 7
j & J Jan. 1, 1907
25.000
n < D e c.l,’91-’ 96>
School bonds............................. 7
j
12.000
u <$2,000 yearly 5
Water bonds, 1871................... 7
j & J July 1, 1892
100,000
do
1872................
7
j & J July 1, 1893
100,000
do
1870.................... 7
J & J July 1, 1900
100,000
do
1887.................... 4
J & J July 1, 1912
50.000
dd
1887.................... 4
J & J July 1, 1917
50.000
do
1890..................
83,000
T O T A L DEBT, S IN K IN G FUND, Et c .—The subjoined statement
shows Camden’ s total municipal debt, the sinking fund held by the city
against the same, the water debt, and the city’s floating debt, on the
first of February, 1889.
IOQQ

Y ?rk geihC mm
e0
nortbern part of tke State, bordering on New
* ir :_ ,Tbe Hudson Rlver bounds it on the east. The county seat
is Hackensack.
Net debt.............................................................................
$1,177 714.
Water debt (included above)............
a,aod’ aaa
- Interest.— .
—
Amount Floating debt.........................................
LOANSRate
When
. ' . ' . ' ! . ' 106’5 6 ?
Principal,
Outstand­
n a m e an d pu rpo se.
P. Ot. Payable. When Due.
In addition to the total funded debt, as above stated, the city has out­
ing.
j & J'
Bounty bonds ($500)........ 7
1891 to 1904 ,
„
standing $12,000 school bonds for which it holds a like amount of bondsiM T m r oN«
! $ 12,000yearly. £ $168,000 of the Board of Education.
The available assets include taxes due for years 1886 to 1889
PWWe =**inclusive, $52,436; water rents, etc., $46,450. The city water works^
$ 168,000“ DEBT; ETC-~ Thetotal£unded debt on May 13,1891, was are valued at $605,037, and the city hall, fire department property»
etc., a $220,000.
A SSE SSE D 1 V A LU A T IO N —The city’s assessed valuation and ta x
e s t t e l t f $1° 03A
7L^ T I O N '~ I i1 1890 ^ a8S688ed V aluation o f ^ a l
ductions) /lp16,808’s i f ’ Tax8° r in 1889 was ,o io ’o8o;per $1000 *< - rate at different periods have been as follow s:
i e s o 214- r
>
188-7
rate prr rty’ $ 2 $10-00 totai q*** In
Real
Personal
Rate o f Tax
Tears.
Estate.
Property.
Total.
per $1,000.
™
W W W
* I K
w a “ 1889.................. $16,741,770
$1,200,280
$17,942,050
$ ........
1886.................. 13,701,474
1,592,210
15,293,684
26'50
1880.................. 9,908,235
1,657,850
11,566,080
22-00
1111890 W“ ‘‘ 7 ’ 326; in 1880
P O P U L A T IO N — In 1890 population was 58,313 ; in 1880 it was 41,659 ; in 1870 it was 20,045.

B R I D G E T O N . — Pr a n k M. R il e y , City Treas.
This city is situated in Cumberland County on the rohar.ai>v p i ™
navigable stream of water, 38 miles south of Philadelphia ContiJ’ &
several manufactories.
Fnuaaelphia. Contains
— Interest.— ,
Amount
LO A N S—
Rate
When
Principal,
Outstand­
N A M E A N D PU RPO SE.
P. Ot. Payable.
When Due.
ing.
Water bonds....................... 6
A & O 5 Aug.l ,’92 to 1913 >
$65,000
l $3,000 yearly. 5
IN T E R E S T is payable at Bridgeton,
T O T A L D EBT , ETC.-r-The total funded debt on August 1. 1891
a
.sa
AAA «n for water.
.
0
9 w >
was $65,000, all 4»«^__j_




C O U N T Y . — S am’ l W ood, Director.
A western county of New Jersey bordering on the Delaware River
It supplies large quantities of fruit and vegetables to the Philadelphia
market. County seat is Camden.
-— Interest.— .
Amount
Rate
When
LOANSPrincipal,
Outstand­
N A M E A N D PU RPO SE.
P. Ot. Payable.
When Due.
ing.
County bonds........
1891
$ 12,000
do
1892
13.000
► 6j
5&
5 1893 to 1898
do
60.000
X $10,000 yearly.
do
J
1899
20,000
C A M D E N

STATE

6 1

S U fflE M E W T -

AW ®

Vol. M IL

I NTEREST—W H E R E PAYABLE.-lD terest is payable at the First H A R R I S O N —
This city, sometimes known as East Newark, is in Hudson County, on
National Bank, Camden, N. J.
the Pennsylvania and Morris & Essex railroads. It contains manu­
T O T A L D EBT , ETC.—The total funded debt on May 1,1890, jvas
factories of oil-cloth, trunks, wire, thread, &c.
$115,300; floating debt, $9,191; making total debt $124,491.
Amount
,— Interest.— i q e c q q c n VALU A T IO N .-In 1889 tbe assessed valuation of real
Outstand­
Principal,
OA
.
p lia b le
ing.
When Due.
estate was $9,725,102; of personal property, $2,532,094; total $1 ,
»- NAMELAND N S PURPOSE.
PPayaoie.
$19,500
July 1, 1893
196. In 1887 total assessed valuation was $24,737,143.
Town hall bonds....................... 7
J & J Dec. 1, 1915
40,000
J ®"
8,000
POPULATION.—The population in 1890 was 87,687 ; in 1880 was Water bonds.............................. 6
1,
Street improvement bonds—
6 J “ -1 Jan. 1, 1916
253,800
1911
do
do
---- 5
J & J July
62,942; in 1870 was 46,193.
t o t a l DEBT Et c .—The total funded debt on January 1, 1891,
as $321,300; sinking fund assets, $ .............5 net debt,
--' '
E A S T O R A N G E . — G E. P. H oward , Chairman was — /i
L
aaa
water debt, $40,000. The amount of net funded debt January 1,1888,
Committee.
was $325,300.
¿ q q c q q c n VALUATION.—I d 1890 the assessed valuation of real
This township is in Essex County.
Total bonds 1890........
LOANSwhen Due’ I Floating debt.. . . . . . . . . . D 47,000 estate was $2,455,670; of personal property, $247,100; total, $2,^03,O
SCHOOL B onos—
, Assessed valuation in 1889—
570; tax rate, (per $1,000) $ ......... Real estate is assessed at about
48i ----- , $20,000 ...1891 to . . . .
(1-10 due yearly) Real estate..................... 6’1 qI ’ i no its actual value.” In 1888 total assessed valuation was $1,934,875,
6a -----, 15,000....1802 to 1901 |Personal property........- 89b ,loo with a tax rate of $23-90.
’
($1,500 due yearly)
Total
$7,223,800
POPULATION.—The population in 1890 was 8,338 ; in 1880 it was
S ew kr B onds—;
.
$29-00
Tax levied."..................
6,898; in 1870 it was 4,120.
_____
4s, -----$362,750
l
to
4^28» — * £ (1-20 due y’rly $ 1906 P o p u la t io n i n 1890 w a s ....... 13,282
Population in 1880 was.........8,349
StreetjI mprove ’ t B onds—
Stanton , Mayor.
6s -----, $ 148,675...1891 to 1905
H O B O K E N .
’
(1-10 due each year)
Hoboken is in Hudson County.
Amount
,— Interest.— .
Outstand­
Principal,
I A » Mq
Bate
When
ing.
When Due.
E L I Z A B E T H . — J ohn C. R a n k in , J r ., Mayor. NAME AND PURPOSE.
P- GL Payable.
$119,500
A & O Oct. 1, 1892
A&D—Hobo’n city bds,’72.c 7
This city got into financial difficulties through making extensive
10,0u0
M & S Sept.,1891 & 92
Public Square,1875.C 7
54.000
local improvements. Interest was defaulted February 1 ,:L879 and a A
F & A
Feb. 1, 1905
Judgment, 1875— r 7
32.000
A
A & O Oct. 1, 1892
compromise was finally effected with all the principal bondholders by A
School house, 1877.0 7
45.000
Aug. 1, 1907
do
do 1887 .r 4^2 F & A
which new 4 per cent bonds were issued in exchange for the old 7 per B&C
26.000
Vario’ s 1892,’93&’96
Water b’ds, 1872-76.r 7
9,500
cent bonds turned in at 50 per cent of their face value. Elizabeth is m D
A & O Oct. 2, 1902
do
1882... .r 6
D
5,000
A & O Apr. 12,1903
do
1 8 8 3 ....r 5
15.000
D
Union County.
__ interest.__ .
Amount
M & N Nov. 1, 1902
Engine house, 1882.. 6
B
, ® T 5 Jan.,’92,tol900 )
37.000
i asm q
Bate
When
Principal,
OutstahdVolunt’r b’nty,ser.I.c 6
J & J X $4,000 yearly 5
D
na M La ndNS
e °
p urrdse.
P. ct.
Whea
m y.
40.000
j & D
June 1, 1893
Redemption, 1878. .c 6
337.000
A .llu s tm e n tb o n d .lS M .......... 4
J & J J igr
* 3© , 0 0 ® A
J & D
Dec. 1, 1898
do
1878..c 6
11,750
A
Old bonds unadjusted............... 7
---is o ^ w
J & J
Jan. 1, 1894
do
1879..c 6
75.000
F & A
Feb. 1, 1899
IN T E R E S T - W H E R E PAY ABLE-Interest is paid by. the Mercan­ A&E
do
1879.. c 6
196.000
A
M & N Nov. 15,1901
do
1881.c&r 5
60.000
C
tile Trust Company of New York.
M & S Sept. 1, 1910
City Hall, 1880..c&r 5
10,000
A
A & O Oct. 1, 1898
t o t A L D E B T E t c .—The total funded debt on January 1, 1891’ B
Public bath, 1888...r 4
including unadjusted bonds, was $3,700,000; sinking fund assets,
“ c ” Coupon bonds; “ r,” registered bonds.
$18,500; net debt, $3,681,50. The bonds are all exempt from city tax.
PAR VALUE OF B 0 N D 9 -A is *1,000; B i s *5,000-, C i. »10,000,
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:
D is $500 and E $750.
Personal . Total Assessed/ Pate o f Tax
*
„
Estate
Property.
Valuation, per $1,000.
fso o
$12 580,925
$1,?95,§44
$14,076,269 * $29-80
.................. 12,052950
1375402
13,428,352
29-80
!£ K £ £ l“
^
“
n, and intete». on — . «
« Water
jg g S .................. 11 529 600
1 717|l45
12,246,745
26-80
l| | o................ ! 10*741,725
1,466,697
12,208,422
21-40
Registrar’s office.
The tax rate in 1890 included State tax, $3-20; county tax, $6-80;
city tax, $19-80; total, $29-80 per $1,000.
POPULATION—I d 1890 population was 37,764; in 1880 it was 28,the first of May of each of the last two years.
lg g l
229 ; in 1870 it was 20,832.
1890.
$1,146,350
Total funded debt (including water debt).... ..$1,131,350
32,240
E S S E X C O U N T Y . — E ugene FEiSTER/Director. Sinking funds
$1,113,110
........... $1,088,059
Net debt
The county seat is Newark. This is the wealthiest and most populous
$81,500
. $51,500
$79,465
county of the State. It is intersected by various railroads, and con­ Water d e b t.....................; ..............................
*138,318
Floating debt..................................................
,
tains many important manuf actoriei
The sinking fund receives yearly a portion of the license fees and
1,1893
L O A N S—
When Due 4 ^ 8 ,..........$38,000.. July any time.
Subieet to call at
moneys collected from assessment after certificates are paid.
R o ad B o n d s—
4s, ........ . $4 ,80 7 .... 1893 & 1894
5s, Var., $8,508—
Va£ ’9?am
CITY P R O P E R T Y -T h e city owns parks, public buildings, a watet
W a r B o n d s—
5s
. . . . . 4,5 8 7 ....Apr. 30,1901
1 , 189o
5s, J&J, 80,000... .July 1, ’92-’99 7 p............... $510,000.Apr. 1,1899 system and other assets amounting to over a million dollars.
7s) ........ , 510,000. Apr.
($10,000, due yearly.)
. q q c q q c n VALU AT IO N—The city’ s assessed valuation (about
T o t a l D E B T E t c .—The total funded debt on May 11,1891, was
ee fe r
Oi tha »a sh v a ta « a b d taz rate at different period, bare
$1,131,286; sinking fund assets, &c., $112,534.
A S S E S S E D V A LU A T IO N . —In 1889 the assessed valuation of real
J ft
p fa p ln y i t e a t J 'p & a M i a a p a »f.OOO
estate was $119,007,510; of personal property, $25,954,845; total,
flM b S .4 6 2
» ¡« 0
$144,962,355; tax rate (per $1,000), 6-09 in. In 1880 total assessed S S L . . . » 4 f 6 0 0
valuation was $126,262,425; in 1880 it was $105,916,000.
........ i i ’K o o
lI & I «
ille o lo d V
21-81
P O P U LA T IO N . —The population in 1890 was 256,098; in 1880 was
The tax rate in 1890 includes: City tax proper, $16-10; county tax,
189,929; in 1870 was 143,839.
$5-50; State tax, $3-10.

^

jS

HESSSSSSS

m

G L O U C E S T E R . — J. 11. J ackson , Mayor.
This city is in Camden County, on the Delaware River, three miles
south of Camden. Is is connected with Philadelphia by a steam ferry.
It is a manufacturing town.
Amount
,— Interest.— Outstand­
Principal,
LO A N S —
Bale
When
ing.
When Due.
NAME AND PURPOSE.
F•Gl- Payable.
i 1914 to 1923 >
Water bonds........................ 6
........ i $2,000 yearly. ) $20,000
( 1924 to 1928 )
10,000
do
> $2,000 yearly. )
10,000
1893
do
< 1894 to 1913 )
40.000
do
? $2,000 yearly. 5
18.000
Sewer bonds.................................
- - y - - 1894,1899 & 1904
n
6,000
Oct. 1, 1895
Fire bonds.....................................
®
T O TAI D E B T ETC.—The total funded debt on February 12,1890,
was $102,000; water debt, $78,000, included above.
A S S E S S E D VALUATION.—I d 1889 the assessed valuation of real
estate was $1,403,760; of personal property, $441,200; total,
$1,814,960. Tax rate (per $1,000), $19-15; total assessed valuation
was $1,797,660; in 1880 it was $1,990,555.
P O P U LA T IO N . —The population in 1890 was 6,564; iD 1880 it was
5,347; in 1870 it was 3,682.




POPULATION—I d 1890 population was 43,648; in 188
30,999; in 1870 it was 2 0 ,2 9 7 .______

i

wa

H U D S O N C O U N T Y . — A ugust B ruggemann ,
Director Board of Freeholders.
This county contains the cities of Jersey City, Hoboken and Bayonne.
The county seat is Jersey City. Interest.A.m o/A n
\ /t
Bate
When
Principal,
OutstandLO ANSP. Ot. Payable. When Due.
ing.
NAME AND PURPOSE.
J & D
June 1, 1894
$250,000
Sink, fund bonds...............e 7
A & O
Oct. l , ’92-’ 96
50>°99
B u i ld in g b o n d s ................... c b
J & J
Jan. 1, 1905
250,000
Tax arrears b on d s........ c&r b
J & J
Jan. 1, 1898
do
do ............. 5
M & N May 19, 1901
do
do ........ c&r 5
M & N Nov. 1, 1901
B r id g e b o n d s
.......... c 5
M & N Sept. 1,
1905854,000
Bounties..........................* cr ®
( Jan. 1892-’98
35.000
A & O X$5,000 yearly.
Bridge bonds.................... r 4
Oct. 1 , ’92-’95 s . f . 50,000
A & O
Public road bonds, 1891. .r 4
600,000
1921
semi-an
County Park bonds, 1891. 4
5 Jan. l , ’92-’95 )
20.000
J & J
\ ($5,000 yearly 5
Armory bonds................r 3
P U B L IC ROAD B O N D S ■These are part of an authorized loan for
$1,000,000. The county sinking fund took the $50,000 already issued,

October, 1891.

65

a n d w i l l t a k e $ 1 0 0 ,0 0 0 m ore. T h e r e m a in in g $ 8 5 0 ,0 0 0 w i ll n ot, it is
sa id , b e is s u e d t ill a ft e r 1 891. W h e n is s u e d the y, w i t h the $ 1 0 0 , 0 0 0 t o
b e t a k e n b y th e s i n k i n g f u n d a s a fo re sa id , w i l l m a t u r e $ 3 8 , 0 0 0 y e a r ly
c o m m e n c in g Oct. 1 , 1 8 9 6 .

LOANS-

INTEREST—W HERE PAYABLE. - In t e r e s t is p a y a b le b y th e F i r s t

N a t io n a l B a n k , J e r s e y C ity , N . J.

T O T A L DEBT, Etc .—T h e total fu n d e d d e b t o n D e c e m b e r 1 , 1890 ,
w a s $ 2 ,2 3 6 ,8 0 0 ; s in k in g f u n d a sse ts, $ 1 ,0 4 6 ,9 7 7 ; n e t debt, $ 1 ,1 8 9 , 8 2 2
I n J a n u a r y , 1 8 9 1 , $ 6 0 0 ,0 0 0 P a r k b o n d s w e re so ld . See a ls o P u b lic
R o a d b o n d s above.
The S inking Fund, a m o u n t in g to $ 1 ,0 4 6 ,9 7 7 , c o n s is t s p r in c ip a ll y o f

Jersey C it y a n d H u d s o n C o u n t y b o n d s, a n d is d iv id e d in to f o u r f u n d s
as fo llo w s :
F und No. 1 i s f o r th e r e d e m p tio n o f $ 3 1 8 ,0 0 0 5 p e r c e n t a r r e a r s o f

taxes b o n d s d u e M a y 1 9 , 1 9 0 1 ; a lso $ 2 5 0 ,0 0 0 6 p e r c e n t a r r e a r s o f
taxes b o n d s d u e J a n . 1 , 1 9 0 5 ; a n d c o n s is t s o f $ 4 4 6 , 0 0 0 J e r s e y C it y
b o n d s, $ 7 6 ,0 0 0 H u d s o n C o u n t y b o n d s a n d $ 2 ,0 0 0 B a y o n n e C it y b o n d s
to ta l, $ 5 2 4 ,5 0 0 . A l l t a x e s c o lle cte d fo r y e a r s p r io r to 1 8 8 4 a re p a id
in t o t h is fu n d .

F un d No. 2 is f o r th e r e d e m p tio n o f a n y p a r t o f $ 8 5 4 ,0 0 0 5 p e r ce n t
w a r r e n e w a l b o n d s d u e Sept. 1, 1 9 0 5 , a n d c o n s is t s o f J e r s e y C it y
se c u ritie s, $ 2 2 ,5 0 0 ; H u d s o n C o u n t y b o n d s, $ 2 6 ,0 0 0 ; B a y o n n e C it y
b o n d s, $ 1 ,0 0 0 ; total, $ 4 9 ,5 0 0 . T h is f u n d o r ig in a t e d w it h $ 4 7 ,0 4 0
ca sh , a n d c a n o n ly b e in c r e a s e d b y in v e s t m e n t a n d r e -in v e s tm e n t o f
t h is s u m a n d in t e r e s t th e re o n .
F un d No. 3 is fo r r e d e m p tio n o f $ 2 5 0 ,0 0 0 7 p e r c e n t s in k in g f u n d
b o n d s d u e J u n e 1 , 1 8 9 4 , a n d c o n s is t s o f J e r s e y C it y w a t e r a n d c ity
b o n d s, $ 5 ,0 0 0 ; H u d s o n C o u n t y b o n d s, $ 1 2 7 ,0 0 0 , a n d B a y o n n e C it y
b o n d s, $ 1 ,0 0 0 ; total, $ 1 3 3 ,0 0 0 . T h is f u n d re c e iv e s $ 2 5 , 0 0 0 y e a r ly
f r o m ta x e s.

F un d No. 4 is f o r re d e m p tio n o f $ 3 0 0 , 0 0 0 5 p e r c e n t a r r e a r s o f
t a x e s b o n d s d u e Ja n . 1 , 1 8 9 8 , a n d c o n s is t s o f J e r s e y C it y b o n d s, $ 1 9 9 ,0 0 0 ; H u d s o n C o u n t y b o n d s, $ 1 3 4 ,0 0 0 , a n d B a y o n n e C ity , etc.,’b o n d s,
$ 5 6 ,0 0 0 ; total, $ 3 3 9 ,0 0 0 . T a x a r r e a r s f o r 1 8 8 4 , 1 8 8 5 a n d 1 8 8 6 a re
p a id in t o t h is f u n d w h e n collected.

ASSESSED VALUATION.— I n 1 8 8 9 t h e a sse sse d v a lu a t io n o f r e a l
e sta te w a s $ 1 0 7 ,5 2 0 ,6 6 4 ; o f p e r s o n a l p ro p e r ty , $ 8 ,5 0 3 ,4 8 6 ; t o t a l
$ 1 1 6 ,0 2 4 ,1 5 0 ; t a x ra te (p e r $ 1 ,0 0 0 ) $4-80. I n 1 8 8 7 to t a l a s se ss e d v a lu ­
a t io n w a s $ 1 0 7 ,2 5 3 ,4 7 7 ; i n 1 8 8 0 it w a s $ 9 0 ,3 7 1 ,9 6 8 .
POPULATION.—T h e p o p u la t io n i n 1 8 9 0 w a s 2 7 5 ,1 2 6 ; i n 1 8 8 0 w a s
1 8 7 ,9 4 4 ; in 1 8 7 0 w a s 1 2 9 ,0 6 7 .

C I T Y . — Orestes Cleveland , Mayor.
J e r s e y C it y f o r m e r ly su ffe re d g r e a t ly f r o m d iffic u lty i n c o lle c tin g
t a x e s a n d a sse ssm e n ts.
U n d e r th e M a r t i n A c t , h o w e v e r, re c e n tly
p a s s e d b y th e L e g is la t u re , t h e a r r e a r s o f t a x e s a re n o w m a d e lie n s o n
t h e p ro p e r ty , a n d if n o t p a id w i t h in th re e y e a r s t h e p r o p e r t y c a n be
s o ld to s a t is f y them . T h is p r o m is e s to b r i n g in a la r g e a m o u n t o f
m o n e y to th e c it y t re a su ry . T h e c it y h a s a ls o suc ce e d e d in a d j u s t in g
t h e t a x e s w it h th e r a ilr o a d s , a n d t h e la t t e r n o w p a y in t o t h e t re a s ­
u r y a n n u a ll y $ 2 2 5 ,0 0 0 .
J e r s e y C it y is i n H u d s o n C o u n t y — w h ic h see.

Bate

; A N D PU R PO SE.
P . Ot.
do
1 8 6 3 .. .............. <
6
do
1 8 6 5 .. .............. 6
do
1 8 7 7 .. .............. 6
do
1 8 7 9 ..
do
1 8 7 9 .. .............. 6
do
1 8 8 3 .. .............. 5
do
1891... r e f u n d in g 5
do
1891...
do
5

When
J
J
J
F
J
F
A
J

&
&
&
&
&
&
& O
& D

P rincipal,
When D ue,
Jan.
Jan.
J u ly
Feb.
J u ly
Feb.
A p r.
June

1,
1,
1,
1,
1,
1,
1,
1,

A m ount
Outstanding.

1893 a $ 2 0 0 ,0 0 0
1895 a l7 9 , 0 0 0
1907 a 2 5 5 ,0 0 0
1909
ta 5 0,00 0
1909
a 5 0 ,0 0 0
1913
a 5 2 5 ,0 0 0
1916
5 8 6 ,0 0 0
1921
3 5 0 ,0 0 0

each.
t S e c u re d b y sp e c ia l s in k in g f u n d — see b elow .
s W h o l ly i n s in k in g fu n d .
z T h e s e a re a s s e s s m e n t b o n d s.
INTEREST—WHERE PAYABLE—In t e r e s t o n b o n d s is p a id b y t h e
M e r c h a n t s ’ E x c h a n g e N a t io n a l B a n k o f N e w Y o r k C ity.

T O T A L DEBT, SINKING FUNDS, E t c .— T h e s u b jo in e d s ta t e m e n t
s h o w s J e r s e y C it y ’s t o t a l m u n ic ip a l debt, t h e re s o u rc e s h e ld b y th e c it y
a g a in s t the sam e , a ls o th e w a t e r debt, o n th e fir s t o f D e c e m b e r o f e a c h
o f th e la s t t w o y e a rs.
1889.
G e n e ra l a c c o u n t d e b t ................................ « 7 1(53 239
$ 7 ,9 3 6 ,0 4 5
A s s e s s m e n t a c c o u n t d e b t.............
" 5 473 5 0 0
5 ,4 7 3 ,5 0 0
T e m p o r a r y l o a n s .................................... "
*9 3 0 *0 0 0
7 0 6 .0 0 0
Im p r o v e m e n t c e rtific a te s...........................
1 9 3 000
1 4 7 .0 0 0
A m o u n t d u e S ta t e a n d c o u n t y .........
6 5 6 *0 8 8
5 6 8 ,0 5 3
U n e x p e n d e d a p p ro p ria tio n s , 1 8 8 7 - 9 1 !
2,007,’8 0 9
2 ,1 1 3 ,4 9 5
O t h e r a c c o u n t s .......................................
g g 349
5 8 ,2 3 2
T o t a l lia b ilit ie s (e x c lu d in g w a t e r d e b t ). .$ 1 6 ,4 8 1 ,9 8 5
$ 1 7 ,0 0 2 ,3 2 6
C a s h in C it y T r e a s u r y ................................
$790 827
$ 7 7 1 ,2 9 0
B o n d s h e ld i n s in k in g f u n d s .............
i 7 2 6 *3 8 5
1 ,7 7 6 ,5 2 4
*2 9 9 *0 0 0
L o a n e d w a t e r a c c o u n t ......................... . .. *
2 4 4 ,0 0 0
D u e f r o m S ta t e f o r s c h o o l p u r p o s e s ...........
2 6 2 *3 6 7
2 4 9 ,5 5 2
„
d o,
do
r a ilr o a d t a x s .............. .
3 2 5 ,0 0 0
T a x e s d u e a n d u n p a id ..................... ...... ...
5 148 410
5 ,6 3 2 , 6 4 6
A s s e s s m e n t s d u e a n d u n p a id ...................
2 *384*564
2 ,5 7 3 ,0 1 6
C it y p r o p e r t y . . . . . . f . .................. 1 4 2 6 ,5 0 5
1 ,4 2 6 , 5 0 0
D u e c ity fo r a d v e r t is in g t a x s a le s ..............
1 0 2 ,4 1 3
1 0 2 ,4 4 4
O t h e r ite m s.
......................................................... 6 3 ,7 6 8
2 2 ,1 8 0
T o t a l r e s o u r c e s .................................. .$ 1 2 ,5 2 9 ,2 3 4
$ 1 2 ,7 9 8 ,1 5 5
N e t d e b t o f c it y (e xce p t w a t e r a c c ’t) D e c. 1. $ 3 ,9 5 2 ,7 5 0
$ 4 ,1 1 9 ,7 6 3
W a t e r d e b t ( a d d it io n a l)........... ....... .
$ 5 ,0 8 5 ,0 0 0
$ 5 ,0 3 0 ,0 0 0
E a r l y i n 1 8 9 1 $ 5 8 6 , 0 0 0 w a t e r b o n d s a n d $ 1 ,8 6 9 ,0 0 0 o t h e r bonds’ fe l
d u e a n d w e re fu n d e d a t 5 p e r cent.

SINKING FUNDS T h e s in k in g fu n d s , a ll o f w h ic h a re in v e s t e d in
th e c it y ’s b o n d s a n d ce rtifica tes, a re h e ld to se c u re th e c it y ’s lo a n s a s
f o llo w s :
i or
For
For
For
For
For

$ 1 2 6 ,0 7 1
i ^ n ‘u I 0 t lm 4 m a t u r in g b o n d s,” 6 p e r cents, 1 9 1 0 ......
lo a n T o f u n d d ifferences,” etc., 5 p e r cents, 1 9 1 1 ......~
66 425
w a te r 5 p e r ce nts, d u e 1 9 1 3 ..................... .
8 6 713
C it y o f J e r s e y C it y 6 p e r ce nts, d u e 1.904....... .............
1 5 5 *4 3 8
fire -e n g in e h o u se 4 p e r cents, 1 8 9 5 ......................... i 350
t a x a r re a ra g e b o n d s o f 1 8 7 5 to 1 8 8 7 in c l u s iv e ........... .
83,*859
a n y J e r s e y C it y b o n d s ( s in k in g f u n d s 1 8 7 3 a n d 1 8 8 9 )..
1 ,2 0 6 ,5 2 9

ft i 7 2 6 3 8 5
T o t a l s in k in g f u n d s . ........ ...........................
S ta t e m e n t o f d e b t o n D e c e m b e r 1 , 1882 .
r
’
T o t a l d e b t (e x c lu d in g w a t e r d e b t).....................
*1 7 926 4 5 0
S in k in g f u n d a sse ts. 7.............................................. . 1 * 3 8 6 8 0 5
N e t d e b t (e x c lu d in g w a t e r d e b t ).......... ........................ $ 1 6 , 5 3 9 , 6 4 5
W a t e r d e b t ( a d d it io n a l) . . . . . . . . . . . . . . . . . . . . . .
v
^ 838 000

TAXES AND ASSESSM EN TS—In c lu d e d a m o n g t h e c it y ’s re s o u rc e s
. _ .
-— Interest .— .
a mnu-nt
a b o v e a s o f D e c e m b e r 1, 1 8 9 0 , is t h e ite m “ t a x e s d u e a n d u n p a id , ’»
LOANS
Bate
When
P rincip al,
OutstandN A M E A N D PU R PO SE.
P. Ot. Payable.
When Due,
in g
a m o u n t in g to $ 5 ,1 4 8 ,4 1 0 . T h is is m a d e u p a s f o ll o w s :! T a x o f 1 8 9 0 ,
C i t y g o v e rn m e n t, 1 8 7 2 . . . . c& r 7
J & J J u lv 1 1913
n o n $ 1 ,3 9 6 ,7 2 0 ; t a x o f 1 8 8 9 , $ 5 4 1 , 9 7 3 ; t a x o f 1 8 8 8 $ 4 7 4 , 3 3 5 ; a d ju s te d
C it y o f J e r s e y C ity , 1 8 8 4 ... c& r 6
A & O A p r . 1 * 1904 t l .0 0 0 0 0 0
t a x e s o f 1 8 7 2 to 1 8 8 2 , in c lu s iv e , $ 6 7 5 , 2 7 6 ; u n a d j u s t e d ta x e sj 1 8 7 6 t o
F ir e E n g in e H o u s e , P o lic e S ta t io n , etc., B o n d s —
1 8 8 7 , in c lu s iv e , $ 1 ,9 9 4 ,9 5 7 ; t a x e s o f 1 8 7 5 , $ 6 5 ,1 4 9 . A s s a id a b o v e , t h e
R e b u ild in g , 1 8 8 7 ... .......... 5
M & S Sep t. 1, 1 8 9 3
s6 ,0 0 0
E le c t io n e x p e n se s, etc, 1 8 9 1 .
4 ^ J & J D e c. 1 1 8 9 1
4 6 ,6 9 2 a m o u n t o f u n p a id t a x e s a n d a s se ss m e n t s is b e in g re d u c e d t h r o u g h t h e
S t a t io n H o u se , 1 8 9 1 ............ 4 ^ A & O O ct. 1, 1 8 9 3 -4
slO .O O O sa le o f d e lin q u e n t p ro p e rty .
E n g i n e h o u se , e t c .............. r 4
J & J J a n . 1, 1 8 9 5
8 3 6 ,5 0 0
CITY PRO PERTY .—The city owns its w aterworks which are selfF ir e e n g in e h o u se , 1 8 8 8 . . . . r 4
F & A
A ug. 2 7 ,1 8 9 5
f7 ,0 0 0 sustaining.
P o lic e H e a d -Q u a r., etc., 1 8 9 1 4
J & J • Ja n . 1 , ’9 6 1 9 0 2
P a r t y e a rly . £ s 4 2 , 0 0 0
ASSESSED VALUATION.- -T h e c it y ’s a s se ss e d v a lu a t io n a n d t a x
F u n d e d debt, 1 8 7 2 .........c& r 7
M & N
M a y 1, 1 8 9 7 a 5 0 0 , 0 0 0 ra te h a v e b ee n a s f o l l o w s :
F u n d i n g L o a n s to F u n d A s s e s s m e n t b o n d s, 1 8 7 4 ___
7
Total Bate o f
& D J u n e 1, 1 8 9 4
1 0 0 ,0 0 0
B eal
P ersonal
Assessed
do
1 8 7 5 ...... 7
Tax p e r
& D J u n e 1, 1 9 0 5
6 0 0 ,0 0 0 Tears.
Estate.
P roperty.
Valuation.
do
1 8 7 6 ...... 7
$ 1 ,0 0 0 .
& J J a n . 1, 1 9 0 6
3 0 0 ,0 0 0 1 8 9 0 ...........
do
1 8 9 1 ...... 5
& O A p r . 1, 1 9 1 6 z l , 4 6 9 ,0 0 0 1 8 8 9 ................ 6 7 ,1 6 5 ,9 0 0
$ .......
5 ,2 2 7 ,6 6 0
F lo a t i n g debt, 1 8 7 9 ............. 6
7 2 , 3 9 3 ,5 6 0
& A F e b . 1 , 1 9 0 9 a l , 3 5 3 ,0 0 0 1 8 8 8 ............... 6 4 ,0 6 9 ,3 0 5
4 ,9 7 1 ,4 2 0
M a t u r in g b o n d s ...............
6
6 9 ,0 4 0 ,7 2 5
2 9 -8 0
& D J u n e 1 0 ,1 9 1 0
f4 5 0 ,0 0 0 1 8 8 6 ...............
6 1 ,8 9 4 ,7 3 9
4 ,9 8 5 ,2 0 0
D iffe re n ce s, &c., 1 8 8 1 , is s u e d
6 6 ,8 7 9 ,9 3 9
2 9 -4 0
1 8 8 0 ............... 5 4 ,1 2 2 ,8 7 5
5 ,3 4 3 ,8 1 5
b y H u d s o n C i t y ............... 5
5 9 , 4 6 6 ,6 9 0
A & O A p r . 1, 1 9 1 1
2 8 -0 0
t l 5 0 ,0 0 0
T a x a rre a ra g e s , 1 8 8 9 .......... r 3 ^
A & O J a n . 1, 1 8 9 8
P O P U L A T I O N — I n 1 8 9 0 p o p u la t io n w a s 1 6 3 ,0 0 3 ; i n 1 8 8 0 it w a s
200,000
do
1 8 8 9 ........... r 3*2 A & O A p r . 1, 1 8 9 9
1 2 0 ,7 2 2 ; in 1 8 7 0 it w a s 8 2 ,5 4 6 .
3 8 6 .0 0 0
Im p r o v e m e n t s , 1 8 7 1 ........... r 7
M & N N o v . 1, 1 8 9 1
zlO O .O O O
do
1 8 7 4 .......... c& r 7
M & S Sep t. 1, 1 8 9 4
1 6 0 .0 0 0
do
1 8 7 4 .......... c& r 7
M & 8 Sep t. 1, 1 8 9 4
z 4 5 ,5 0 0
do
1 8 7 4 .............. r 7
J & J J a n . 3, 1 9 0 6
C O U N T Y \ — H e zek iah
6 0 ,0 0 0 M I D D L E S E X
M o r g a n S tre e t d o c k ,1 8 7 0 .c & r 7
J & J J u n e 8, 1 9 0 0 a l 2 5 , 0 0 0
W ar n e , Director.
Im p r o v e m e n t c e rtific a t e s ...........
1 9 3 .0 0 0
S c h o o l B o n d s , in c lu d in g B e r g e n , etc., is su e s C o u n t y se a t is N e w B r u n s w ic k .
P u b lic s c h o o ls (B e r g e n ),1 8 6 9 7
J & J J u l y 1, 1 8 9 8
5 0 ,0 0 0
LOANS.
— Interest .— .
•---------- P rin cip al, ---------- ,
do
(B e rg e n ),1 8 7 0 7
J & J J a n . 1, 1 9 0 0
100.000 N A M E A N D PU R PO SE.
P . Ot. Payable.
When Due,
Outstand'g.
do
H u d so n , 1870. 7
J & J A p r . 2, 1 9 0 0
. 5 0 ,0 0 0
S c h o o l h o u s e ....................... r 4
D ec.
1 8 9 2 to 1 9 0 1
7
A & O D e c. 1, 1 8 9 1
s 8 , 2 0 0 B r id g e b o n d s ..............
$ 1 1 ,0 0 0
$ 1 ,0 0 0 y e a rly .
S tre e ts a n d S e w e r s A s s e s s m e n t B o n d s —
S tre e ts a n d se w e rs, 1 8 7 2 .. .c
1 8 9 2 to 1 9 0 8
J &
J
J a n . 1,1 8 9 2 z 5 4 8 R0 0 0 w a l- —1 s t se rie s. ....... c
, ene
J & J1 4 .0 0 0
do
do
$ 2 , 0 0 0 y e a rly .
J
&
J
J a n . 1,1 8 9 2 2 0 0 , 0 0 0 o
d
2 n d do .
do
5
do
1 8 9 2 to 1 8 9 3
1 3 .0 0 0
J
&
J
J u l y 1,1 8 9 2 1 6 9 ,0 0 0 o
d
3 r d d o . ....... r 5
do
do
1892
4 .0 0 0
M & N J ’y & N o v . ’9 2
4 1 ,0 0 0
do
4 t h d o . ....... r 412
Id o
do
1 8 9 2 to 1 8 9 6
1 8 7 2 ..
.r
2 5 .0 0 0
M & N F e b . & M ’y ’9 2 z 2 5 2 , 0 0 0
do
5 t h d o . ....... r 4
i do
do
1 8 9 2 to 1 9 0 0
1 8 7 3 ..
..
2 4 ,5 0 0
M & N
M a y 1, 1 8 9 3
z 2 8 7 ,0 0 0
do
do
..... .c& r
A &
O O ct. 1, 1 8 9 3 z 4 5 9 , 0 0 0
1 8 9 2 to 1 9 0 3
do
6 th d o . ....... r 4
do
do
3 3 .0 0 0
1 8 7 3 . . .r
$ 3 ,0 0 0 y e a rly .
M & N
N o v . 1, 1 8 9 3
z 1 1 ,5 0 0
do
do
do
7 t h d o . . . . . . .r 4
1 8 7 4 c& r
1 8 9 2 to 1 8 9 9
J &
J J a n . 2, 1 8 9 4 z 5 0 0 , 0 0 0
5 ,5 0 0
do
do
1 8 7 3 . . .r
M &
N M a y 1, 1 8 9 4
z 1 ,5 0 0
1 8 9 2 to 1 9 0 3
do
do
8 th d o .
do
1 8 7 4 c& r
4
3 0 .0 0 0
J &
D June
1,1 8 9 4 z 5 0 0 , 0 0 0
$ 2 , 5 0 0 y e a rly .
do
do
A &
O A p r . 1,1 9 1 6 z l , 4 6 9 , 0 0 0
1 8 9 2 to 1 8 9 5
do
9 t h d o . ....... r
W a t e r lo a n , 1 8 7 1 ................. 7
J & J
8 .0 0 0
J &
D D e c. 1, 1 8 9 1 a 2 4 8 , 0 0 0
$ 2 , 0 0 0 y e a rly .
do
1 8 6 6 .........
7
J &
J J a n . 1, 1 8 9 9 a l 0 0 , 0 0 0
c C o u p o n b o n d s.
r R eg:
do
1 8 7 0 .................. 7
J &
J J a n . 1, 1 9 0 2 a 3 7 5 , 0 0 0
do
1 8 7 2 ............
7
INTEREST—WHERE PAYABLE.—In t e r e s t is p a y a b le a t t h e
A &
O A p r . 1, 1 9 0 2 a 8 0 0 , 0 0 0
do
1 8 7 2 .................. 7
M &
S Sep t.
1,1 9 0 2 a 5 0 0 , 0 0 0C o u n t y C o lle c to r ’s office, N e w B r u n s w ic k , N . J.
do
1 8 7 4 .................. 7
J &
J J a n . 1, 1 9 0 4 a 2 5 0 , 0 0 0
T O T A L DEBT, Etc .—T h e t o t a l fu n d e d d e b t o n M a y 8th, 1 8 9 1
do
1 8 7 6 .................. 7
J &
J J a n . 1, 1 9 0 6
a 6 0 ,0 0 0
do
1 8 7 6 .................. 7
M & N
N o v . 1, 1 9 0 6
a 6 1 , 0 0 0 w a s $ 1 6 8 , 0 0 0 ; f lo a t in g debt, $ 3 ,0 0 0 .
do
1 8 7 8 .................. 7
M & S M ch. 2 6 ,1 9 0 8
a 4 7 ,0 0 0
ASSESSED VALUATION.—I n 1 8 9 1 th e t o t a l a s se ss e d v a lu a t io n
do
1 8 7 3 . . . . . . . . ....... 7
M & N
M a y 1, 1 9 1 3 a 5 0 0 , 0 0 0 w a s $ 2 5 ,2 9 7 ,3 0 2 . T a x ra te (p e r $ 1 ,0 0 0 ) f o r c o u n t y p u r p o s e s , $ 6 - 3 0




f o r S ta te s c h o o l tax, $ 2 *5 0 ; total, $8 -8 0 . I n 1 8 9 0 t o t a l a s se ss e d v a l u a ­
t io n w a s $ 2 4 ,3 9 2 ,0 9 1 ; i n 1880 it w a s $ 1 9 ,8 7 2 ,4 6 9 .
P O P U L A T IO N .— T h e p o p u la t io n i n 1 8 9 0 w a s 6 1 , 7 5 4 ; i n 1 8 8 0 w a s
5 2 ,2 8 6 ; i n 1 8 7 0 w a s 4 5 ,0 2 9 .

M O N T C L A I R . — J ohn H, W ilson , Chairman.

N A M E A N D PU R PO SE.

Rate
When
P. Ot. Payable.

( 1 8 9 1 to 1 9 1 8 ,

J u d ; m e n t b o n d s ..............

5

\ V a r io u s a m ’n t s
l
y e a rly .

.......

LOANS—

$ 3 1 5 ,0 0 0

7
7
7
7
7

o f 1 8 7 4 .......
S in k in g f u n d b o n d s. ..1 8 8 1
..1 8 8 2
do
do
’8 2 - ’8 4
do
do
..1 8 8 5
do
do
’8 5 - ’8 6
do
do
..1 8 8 7
do
do
do
do

7
5
5
6
6
6
5
5

T O T A L DEBT E T C — T h e t o t a l fu n d e d d e b t o n M a r c h 1st, 1 8 9 0 , w a s
<1*01 K 0 0 0
V A L U A T I O N — I n 1 8 8 9 t h e a s se ss e d v a lu a t io n o f r e a l
e s ta te w a s $ 2 ,8 7 0 ,0 0 0 ; o f p e r s o n a l p ro p e r ty , $ 3 5 1 ,0 0 0 ; total, $ 3 ,2 2 1 ,000
T o t a l t a x ra te (p er $ 1 ,0 0 0 ), v a r ie s i n d ifferen t d is t r ic t * ^ f r o m
$ 2 7 -7 0 to $ 3 2 -9 0 . I n 1 8 8 7 t o t a l a s se ss e d v a lu a t i o n w a s $ 3 ,0 8 5 ,2 5 0
a c q pq q fd

i n 1 8 8 0 it w a s $ 2 ,0 7 5 ,0 0 0 .
P O P U L A T I O N . — T h e p o p u la t io n i n 1 8 9 0 w a s 8 ,6 5 6 ; i n l 8 8 0 i t w a s
5 1 4 7 ; in 1 8 7 0 it w a s 2,853.

N E W A R K . — J oseph E. H a yn e s , Mayor.
N e w a r k , th e la r g e s t c it y i n N e w J e rs e y , s itu a t e d o n t h e P a s s a ic
B iv e r n in e m ile s w e st o f N e w Y o r k , h a s lo n g b e e n n o t e d f o r it s v a r i o u s
m a n u f a c t u r in g in d u s t r ie s a n d la r g e fo r e ig n p o p u la t io n . I t i s i n E s s e x
co un ty.
i

c a n q

N A M E A N D PU RPO SE.
A n n e x a t io n , 1 8 8 6 . ................
C it v im p ro v e m e n t, 1 8 7 3 ...
-i ooa

— Interest .— .
Rate
When
P - 0L Payable.

1 8 8 0 ....
b t, 1 8 6 6 .
1885
do
In t e r c e p t in g sew e r, 1 8 8 8 ..
M a r k e t b o n d s (se e b e lo w ).
do

do
1 8 8 7 .........¿ ¿ . ¿ ¡ S f c ......
S t r e e t im p ro v e m e n t, 1 8 7 9 .. ....
do
d o a n d sew er, 1 8 8 6

do

4
4
7
4
7
6
5
7
5
4
3 ia
7
7
6
4
6
4
5
5
5
5
4 ia
4 ia
4 ia
4
4

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

$ 1 2 6 ,0 0 0
1906
s M ch.
:
S M c h . 1 5 , 1 8 9 3 1 ,5 0 0 ,0 0 0
1 5 8 .0 0 0
S M c h . 1, 1 9 0 6
4 0 0 .0 0 0
J J u l y 1, 1 8 9 5
7 0 0 .0 0 0
A A u g . 1, 1 9 0 8
5 0 0 .0 0 0
D J u n e 1, 1 9 1 0
8 4 5 0 .0 0 0
O A p r . 1, 1 8 9 6
2 3 2 .0 0 0
A A u g . 1 4 ,1 8 9 5
6 2 0 .0 0 0
O A p r. 1 0 ,1 9 0 8
3 3 0 .0 0 0
A p r. 1 ,1 9 1 6
0
s2 0 0 ,0 0 0
O A p r. 1 0 ,1 8 9 2
6 ,0 0 0
J J u ly 1 0 ,1 8 9 3
8180.000
8 M c h . 1, 1 9 0 9
1 4 8 .0 0 0
M c h . 1, 1 8 9 7
S*
2 7 0 .0 0 0
S M c h . 1, 1 9 0 9
5 0 0 .0 0 0
N M a y 1 0 ,1 9 0 6
1 3 7 .0 0 0
J J u l y 1, 1 8 9 2
122.000
J J u l y 1, 1 8 9 3
1 3 0 .0 0 0
J J u l y 1, 1 8 9 4
112.000
J J u l y 1, 1 8 9 5
9 7 .0 0 0
O Oct. 1, 1 8 9 6
7 5 .0 0 0
J J u l y 1, 1 8 9 7
2 8 .0 0 0
1900
6 1 ,0 0 0
& J J u l y 1, 1 8 9 8
5 1 .0 0 0
J u l y 1, 1 8 9 9
& J

7
7
7
6
6
5
4 ia
4 ia
4
4
4
4
4

F
M
F
F
M
M
M

&
&
&
&
&
&
&

1883.
do
1884.
do
1885.
do
1886.
do
1887.
do
do
do
1 8 8 8 . . . . .........
do
1 8 8 9 . ...... ----W a t e r d e b t— b o n d s is s u e d b y
th e A q u e d u c t B o a r d , 1 8 6 9 -7 4 ;
1 8 6 7 -6 9
do
do
do
do
! ".! ."Ì877
do
do
___1 8 7 5
do
do
___1 8 7 9 i
do
do
....1 8 8 5do
do
....1 8 8 8i
do
do
....1 8 8 8!
do
do
....1 8 9 01
do
do
....1 8 8 4t
do
do
....1 8 8 6;
do
do
....1 8 8 7’
do
do

J

&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&

A
N
A
A
N
N
N

& D

M & N
M & N
A & 0

Fe b .
M ay
Aug.
Aug.
M ay
M ay
M ay
.......
D e c.
.......
M ay
M ay
A p r.

1,
1,
1,
1,
1,
1,
1,
2,
1,
1,
1,

M
M
M
M
M
M
M
M
M
M

&
&
&
„
&

&
&
&
&
&
&
&
&
&
&

N
N
N
N
N
N
N
N
N
N

7 7 ,2 0 0
5 2 ,3 0 0
1 2 7 .5 0 0
1 7 2 ,0 0 0
5 5 ,1 0 0
2 0 6 ,0 0 0
4 9 .5 0 0
2 1 .5 0 0
6 9 .5 0 0
2 9 .0 0 0
7 0 .0 0 0

1894
1895
1896
1897
1898
1898
1899
1900
1 9 0 1 ,’0 2 ,’0 3 ,& ’0 4
1906

(s) T h is is s u e is h e ld e n t ire ly i n th e s in k in g fu n d .

IN T E R E S T — W H E R E P A Y A B L E .— In t e r e s t o n th e fir s t a n d se c o n d
m o r t g a g e w a t e r b o n d s is p a y a b le a t t h e N in t h N a t ia n a l B a n k , N e w
Y o r k C ity . A l l o t h e r in t e re s t a t th e N a t io n a l B a n k o f N e w J e r s e y a t
N e w B r u n s w ic k .

T O T A L DEBT, SINKING FUND, E T C . - T h e s u b jo in e d s ta t e m e n t
s h o w s N e w B r u n s w i c k ’s t o t a l m u n ic ip a l debt, t h e s in k in g f u n d h e ld b y
t h e c it y a g a in s t t h e sam e, t h e w a t e r debt, a n d th e c it y ’s f lo a t in g d eb t,
o n th e 1 s t o f A p r i l o f th e y e a r s 1 8 9 1 , 1 8 P A ¡ Q rT 1 a a R aríñ 1 8 8 5 Q
1890.
1891.
$ 1 , 5 8 0 ,6 0 0
$ 1 ,6 0 2 ,6 0 0
1 9 0 ,2 8 2
.
3 1 2 ,5 1 1
S in k in s

1887.
T o t a l d e b t s .............................. $ 1 *6 2 4 ,6 3 0
T o t a l a s s e t s ............................
1 1 5 ,7 4 7

1 8 9 2 1 ,8 4 0 ,0 0 0
6 5 0 .0 0 0
1892
5 0 .0 0 0
1906
100.000
1897
5 0 0 .0 0 0
1905
100.000
1909
2 1 5 ,0 0 0
1915
20.000
1918
2 0 ,0 0 0
1908
20,000
1910
3 0 .0 0 0
1914
1 2 .0 0 0
1916
1 5 ,0 0 0
1917

(s) A l l i n th e s in k in g fu n d .

IN T E R E S T - W H E R E P A Y A B L E — In t e r e s t

do

A m ount
Outstand­
ing.

$ 1 6 ,0 0 0
J
1891 & 1892
3 8 ,0 0 0
N
1892
4 2 .0 0 0
N
1897
w 5 1899 & 1904
) 100,000
N > $ 5 0 , 0 0 0 e a c h yr. 5
5 N o v .1 ,’9 1 to 1 9 0 0 )
4 8 ,5 0 0
M & N l $ 5 ,0 0 0 y e a rly . 5
M a y 1 ,1 8 9 1 t o ’9 9 )
9 0 .0 0 0
M & N } $ 1 0 ,0 0 0 y e a rly . >
2 2 .0 0 0
Sept., 1 9 0 1
M & S ‘
2 5 .0 0 0
Sept., 1 9 0 2
M & S
3 2 .0 0 0
1902
Q -F
2 0 .0 0 0
1903
Q-F
1 4 1 .5 0 0
1905 & 1906
J & J
4 5 .0 0 0
M ay, 1897
M & N
» 1 5 ,0 0 0
1906

J
M
M
„
M

B o n d s is s u e d b y C o m m iss io n ’r s o f S tre e ts & S e w e r s 7
7
do
do
7
do
do
7
do
do
7
do
do
6
do
do
6
do
do
6
do
do
6
do
do
6
do
do
R e v e n u e b o n d s.

A m ount
Outstand­
ing.

P rincipal,
When Due.

P rincipal,
When Due.

Rate
When
Ot. Payable.

N A M E A N D PU R PO SE.
PC it y im p ro v e m e n t b o n d s ..
W a te r, 1 s t m o r t g a g e . . 1 8 6 7
do
do
..1 8 6 7
d o 2 d m o r tg a g e .. 1 8 6 9
W a t e r b o n d s o f 1 8 7 3 .......

Outstand
ing.

P rincipal,
When Due.

Mayor.
T h is c ity is s itu a te d i n M id d le s e x C o u n t y , o n t h e h a n k o f t h e R a r it a n
R i v e r a t th e h e a d o f n a v ig a t io n . I t i s o n t h e lin e o f th e P e n n s y l v a n ia
R a ilr o a d , a b o u t 3 0 m ile s f r o m N e w Y o r k , a n d is th e e a s t e r n t e r m in u s
o f th e D e la w a r e & R a r it a n C a n a l. I t h a s e x t e n s iv e m a n u fa c to rie s o f
In d ia - r u b b e r g o o d s, k n it go o d s, shoes, etc
,— Interest .— .

T h is t o w n s h ip i s s itu a t e d i n E s s e x C o u n t y , 1 4 m ile s n o r t h w e s t o f
N e w Y o r k . S e v e r a l r a ilr o a d s c o m m u n ic a te w it h M o n t c la ir
A m ount
r— Interest .— .
.

LOANS—

B R U N S W I C K . — J a m e s H . V a n Cleef ,

N E W

is p a y a b le a t th e bflice

$ 1 ,2 9 0 ,0 8 9
3 1 8 ,5 0 0
3 8 ,0 0 0
1886.
$ 1 ,6 9 5 ,3 2 6
1 6 9 ,1 9 1

$ 1 ,3 9 0 ,3 1 8
3 3 3 ,5 0 0
4 0 ,0 0 0
1885.
$ 1 ,6 1 8 ,6 1 9
5 7 ,5 1 9

$ 1 ,5 6 1 ,1 0 0
$ 1 ,5 2 6 ,1 3 5
N e t d e b t ............................ $ 1 ,5 0 8 ,8 8 3
$ 1 1 1 ,2 1 9
$ 1 0 3 ,3 2 6
F lo a t i n g d e b t (in c lu d e d above).- $ 1 0 1 , 1 3 0
C IT Y P R O P E R T Y . — T h e c it y o w n s p u b lic b u ild in g s , ste a m fire
e n g in e s, etc., a n d a w a t e r w o r k s
c o s t in g $ 4 7 2 ,3 3 7 ; t h e g r o s s
e a r n in g s f r o m w h ic h f o r th e y e a r e n d in g A p r i l 1 , 1 8 9 1 , w a s $ 5 2 ,9 5 4 ,
a n d t h e c o st o f m a in t e n a n c e a b o u t $ 1 2 ,0 0 0 ; c o n s t ru c t io n $ 3 ,7 1 7 ; le a v ­
i n g a b a la n c e o f a b o u t $ 3 6 ,0 0 0 , w h ic h w a s p a id o v e r to t h e C it y T r e a s ­
u r e r to m ee t t h e in te re st a n d p r in c ip a l o n w a t e r b o n d s f a l lin g due.

A S S E S S E D V A L U A T I O N — T h e c it y ’s a s se ss e d v a lu a t io n (a b o u t ^
o f t h e c a s h v a lu e ) a n d t a x r a te h a v e b e e n a s fo llo w s :

Real

Personal

Total Assessed

Rate o f Tax
p er $ 1 ,0 0 0 .

$ 2 4 -6 0
£1• 2£ $ 5 0
>
» 5 ,3 8% 0 5
9 8 ,3
4 1 -4 0
.......... * 4 0 6 2 4 5 5
3 5 8
3 5 -8 1
l l l o : ::::::: t j m o o o
1 :243,000
5 ,416,000
P O P U L A T IO N — I n 1 8 9 0 p o p u la t io n w a s 1 8 , 6 0 3 ; in 1 8 8 0 it w a s

jH

1 7 , 1 6 6 ; in 1 8 7 0 it w a s 1 5 ,0 5 8 .

o f t h e C it y T r e a s u r e r a n d a t lo o a l b a n k s .

T O T A L D EBT , SINKING FUNDS, ETC.-The s u b jo in e d sta te m e n t
s h o w s N e w a r k ’s t o t a l m u n ic ip a l debt, t h e s in k in g f u n d h e ld b y t h e c it y
a g a i n s t t h e sam e , a n d w a t e r debt, o n th e fir s t o f J a n u a r y o f e a c h o f th e

O R A N G E . — H . H . T rum an , Mayor.

la s t tw o y e a rs :

in Essex C o u n t y , o n t h e M o r r i s & E s s e x R a ilr o a d , t h ir t e e n m ile s w e s t

1891.

T o t a l fu n d e d d e b t (in c lu d in g w a t e r d e b t).. .$ 1 0 ,7 5 9 ,0 0 0
S i n k i n g f u n d s ............................................
3 ,0 5 7 ,7 8 1
N e t d e b t o n J a n u a r y 1 .........................

Water d e b t (in c lu d e d a b o v e )......................

1890.
$ 1 0 ,9 3 3 ,0 0 0
3 ,0 2 6 ,5 1 6

non
3 ,o 7 2 ,u o u

$ 7 ,9 0 6 ,4 8 4
3 , 5 5 2 ,0 0 0

I n M a r c h 1 8 9 1 , $ 3 3 0 ,0 0 0 m a rk e t b o n d s w e re offered f o r sale, T o
se c u re th e se b o n d s th e re c e ip ts o f th e p u b lic m a rk e t s a re pledged.
T h e t o t a l d e b t i n 1 8 8 0 w a s $ 1 1 ,3 6 4 ,5 0 0 ; s in k in g f u n d a sse ts, $ 2 ,2 9 4 ,4 6 8 ; n e t debt, $ 9 ,0 7 0 ,0 3 2 .
.
T h e s in k in g f u n d re c e iv e s e a c h y e a r a n a m o u n t e q u a l to, a b o u t 3 p e r
o e n t o f t h e b o n d s o u t s t a n d in g .
r i T V P R O P E R T Y . — T h e r e a l e sta te a n d p e r s o n a l p r o p e r t y o w n e d
b y t h e c it y o n A p r i l 3 0 , 1 8 9 0 , w a s v a lu e d a t $ 1 2 ,0 7 1 ,1 8 8 .

DEBT L I M I T A T I O N . — T h e c it y ’s d e b t is lim it e d b y la w to 1 5 p e r

T h is city, n o te d f o r it s b e a u t ifu l d r iv e s a n d fine re sid e n ce s, is s itu a t e d
of N ew Y o rk .

I t s t o t a l d e b t o n M a r c h 1 , 1 8 9 1 , w a s a little m o re t h a n

7 p e r ce n t o f th e r a t a b le s f o r 1 8 9 0 .
,— Interest .— .
N A M E A N D PU RPO SE.
E d u c a t io n a l b o n d s ...........
do
do
.......
R o a d b o n d s .......................
do
.............. - ......
F ir e Department bonds----

do

do . . . .

T a x a r r e a r s b o n d s .............
do
do
.............
do
do
.............
D e fic ie n c y b o n d s ..............
do
do
...........
do
do
...........

7
7
7
7
7
7
7
5
5
7
7
7

o e n t o f t h e t o t a l v a lu a t io n .
A o o c o c p n V A I l i A T I O N — T h e c it y ’s a s se ss e d v a lu a t io n a n d t a x
A o o t-O o tu
nTAnortv liMTie ooaoaaAil n.t. aUont, fo iir-fifth s
r a t e h a v e b e e n a s fo llo w s , p r o p e r t y b e in g a

W a t e r b o n d s .............- ......

a ctu al v a lu e :

S c h o o l-h o u s e b o n d s ........... 5
do
do
-------. . . . 5

Real
Estate.

Personal
P roperty.

Total
Assessed
Valuation.

Total
Tax p er
$ 1 ,0 0 0 .
$ 1 8 -2 0
1 8 -2 0

years
$ 1 1 9 ,3 2 1 ,0 9 4
$ 2 5 ,7 7 2 ,3 6 4
1891
..$ 9 3 ,5 4 8 ,7 3 0
1 1 3 ,9 9 5 ,4 2 5
2 5 ,2 6 5 ,4 7 5
1 8 9 0 " ' ! ...... 8 8 ,7 2 9 ,9 5 0
1 0 2 ,2 0 4 ,6 0 4
2 0 ,1 9 3 ,2 6 4
1889 "
8 2 ,0 1 1 ,3 4 0
8 3 ,3 6 4 ,4 1 0
1 7 ,6 3 1 ,0 9 5
1880
6 5 ,7 3 3 ,3 1 5
P O P U L A T I O N — I n 1 8 9 0 p o p u la t io n w a s 1 8 1 ,8 3 0 , i n 1 8 8 0 it w a s
1 3 6 ,5 0 8 ; i n 1 8 7 0 it w a s 1 0 5 ,0 5 9 .




do

P rincipal,
When Due.

Rate
When
P. Ot. Payable.

LOANS—

.........-...........

Poor-house bonds................

T a x a n d a s se ss ’t a r r e a r s . ..

5
5
5

5

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

1891
1892
1893
1894
1895
1896
1896
1892
1897
A p r . 1, 1 8 9 7
A p r . 1, 1 8 9 8
&
A p r . 1, 1 8 9 9
&
f
Feb. 1 ,1 8 9 2 -9 4
®
$ 5 , 0 0 0 y e a rly .
&
O ct. 1, 1 9 1 2
5 ----- , 1 8 9 1 to 1 9 0 0
$ 1,000 y e a rly .
--------, 1 9 0 0
& J
D ec. 1 , 1 9 0 1 - 0 6
& D
$ 5 , 0 0 0 y e a rly .
J u n e 1, 1 9 0 1
& D

&
&
&
&
«Ss
&
&
&
&
&

N
N
N
D
O
O
N
J
A
O
O
O
. 5
A >
O

A m ount
Outstand­
ing.
$ 1 0 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
1 2 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
4 5 .0 0 0
2 0 .0 0 0
1 1 ,5 0 0
1 0 ,0 0 0
1 5 .0 0 0
1 0 .0 0 0

N o v . 1,
N o v . 1,
N o v . 1,
J u n e 1,
A p r . 1,
A p r . 1,
M a y 1,
-------- ,

>
5
>

5
)
5

1 5 .0 0 0
4 0 0 ,0 0 0

10.000
10,000
3 0 .0 0 0
2 3 .0 0 0

IN T E R E S T -W H E R E PAYABLE.—In t e r e s t is p a y a b le o n a ll the
b o n d s a t t h e I r v i n g B a n k , N e w Y o r k C ity .

T O T A L DEBT, SINKING FUNDS, E T C . - T h e s u b jo in e d s ta t e m e n t
shows t h e t o t a lm u n ic ip a l d e b t o f O ra n g e , t h e s in k in g fu n d h e ld b y t h e

c it y a g a in s t th e sam e , th e w a t e r debt, a n d t h e c it y ’s flo a t in g debt, o n th e
f ir s t o f M a r c h o f e a c h o f t h e la s t t w o y e a r s :
T o t a l m u n ic ip a l d e b t ( in c lu d in g w a t e r d e b t)___ $ 6 9 3 / 7 2 8
S i n k i n g fu n d s , $ 1 2 1 ,8 7 8 , a n d o t h e r a s s e t s ........ 2 1 5 ,6 3 4

1890.
$ 6 6 9 ,0 0 0
1 3 5 ,0 0 0

N e t d e b t o n M a r c h 1 .................. ...............$ 4 7 8 , 1 9 4

$534 000

M o a t i n g debtnCî U. e,i.i.n .ab0. T
d
f .... ". . ’ " ’ ' . ^ i t ’o o o
* 4 2 0 ’0 0 0
T h e s in k in g f u n d re c e iv e s y e a r ly a b o u t $ 2 4 ,0 0 0 , r a is e d b y t a x a t io n
a n d f r o m th e w a t e r w o r k s a n d o t h e r sou rces. T h e a v a ila b le a s se ts c o n ­
s is t o f u n p a id ta x e s, a s se ss m e n t s a n d c a s h in t r e a s u r y .

P A T E R S O N . — T homas B everidge , Mayor.
P a t e r s o n is i n P a s s a ic C o u n t y o n th e P a s s a ic R iv e r , a b o u t 1 8 m ile s
n o r t h w e s t o f N e w Y o r k , w it h w h ic h it is c o n n e c te d b y s e v e r a l lin e s
o f ra ilr o a d .
I t s m a n u f a c t u r in g in te re st s a re v e r y e x te n siv e , t h o s e
o f s ilk b e in g th e la r g e s t i n t h e U n it e d Sta tes.
-----T l.tP Q —
'Y t'P t

A m ou n t
Bate
When
P rincipal,
OutstandSeries. P.Ct. Payable.
When Due.
S c h o o l b o n d s .................. 2
7
J & d ]i 1 8 9 1 to 1 8 9 5 ) $161,000»
î $ 3 ,0 0 0 y e a r ly C

LOANS-

NAME AND PURPOSE.
do
do
do

ASSESSED VALUATION.— T h e c it y ’s a s se ss e d v a lu a t io n (a b o u t
Beal Estate.

1 8 9 1 ........$ 6 ,0 8 2 ,6 0 0
1 8 9 0 ....... 5 ,9 5 0 ,0 0 0
1 8 8 7 ....... 4 ,9 1 7 ,3 0 0
1 8 8 0 ....... 3 ,9 1 9 ,7 0 0

Personal Indebtedness Total Assessed Tax Rate
Property, to be deducted.Valuation. per%\ ,000
$ 7 7 3 ,2 0 0
7 8 2 ,0 0 0
7 3 2 ,7 0 0
5 2 9 ,1 0 0

$ 1 3 7 ,8 0 0
1 3 7 ,9 2 0
..........
..........

$ 6 ,7 1 0 ,0 0 0
6 ,5 9 4 ,7 8 0
5 ,6 5 0 ,0 0 0
..........

$27v0 0
2 7 -4 0
2 1 -0 0

P O P U L A T I O N . — I n 1 8 9 0 p o p u la t io n w a s 1 8 ,8 4 4 ; i n 1 8 8 0 it w a s
1 3 ,2 0 7 ; i n 1 8 7 0 it w a s 9 ,3 4 8 ,

EXPLANATO RY OF BONDS.—T h e t a x a r r e a r s b o n d s f a llin g d ue
m 1 8 9 2 w e re is su e d in a n t ic ip a t io n o f th e co lle c tio n o f th e t a x e s in a r ­
r e a r s fo r th e y e a r s 1 8 7 7 to 1 8 8 1 in c lu s iv e . T h o s e f a l lin g d u e in 1 8 9 6
w e re is s u e d i n 1 8 7 6 fo r t a x e s t h e n in a rre a rs, a n d th o se m a t u r i n g in
1 8 9 7 w e re f o r th e t a x a r r e a r s f o r th e y e a r s 1 8 8 2 to 1 8 8 5 in c lu s iv e A l l
t a x e s co llected fo r th o se y e a r s a re p a id in to th e r e s p e c t iv e f u n d s

3
6
8

3
4
5
6
7
8
9
10
11
2
3

7
7
5
6
7
7
7
7
6
5
5
5
5
7
7

J
. J"
J
J
J
J
M
M
J
J
M
M

7

J

<
fe
&
<
fe
&
<
fc

D
1900
D 1 9 0 1 to 1 9 0 4
J 1 8 9 1 to 1 8 9 3
D W a s due 1 887
D 1 8 9 1 to 1 9 0 0
& D '‘
1891
< S 1 8 9 1 to 1 8 9 6
fc
S 1 8 9 3 to 1 8 9 7
& D
1902
& D
1902
& 8
1902
& N
1891
& O
1892
& D 1 8 9 1 to 1 8 9 3
& D 1 8 9 1 to 1 9 0 0
1 8 9 1 to 1 9 0 0 )
&
$ 5 ,0 0 0 w a s }
due 1890. )
& N
1901
& A 1903 & 1904
& D
1905
& D
1906
& D
1906
& D
1907
& D 1 9 0 8 to 1 9 1 6
& D 1 9 0 9 to 1 9 1 1
& D
1913
& D
1914
& D 1 9 0 0 to 1 9 0 5
& O 1 9 0 8 to 1 9 1 2
& D
1910

3 0 ,0 0 0
6 0 ,0 0 0
2 0 ,0 0 0
5 8 ,0 0 0
4 2 ,0 0 0
4 1 ,0 0 0
1 0 0 ,0 0 0
3 2 ,5 0 0
3 4 ,5 0 0
8 5 ,0 0 0
6 5 ,5 0 0
1 2 5 ,0 0 0
2 0 ,0 0 0
each.
th e C i t y

A

F u n d e d debt.
S e w e r b o n d s,
do
do
do
do
do
do
do
do

do

do

do

4

R e n e w a l b o n d s ..............
do
..........
do
..............
do
..............
do
........
do
..........
do
..............
do
..............
do
..............
do
..............
S e w e r a p p r o p r ia t ’n b o n d s

B
B
C
D

o n e -h a lf o f th e c a s h v a lu e ) a n d t a x r a te h a v e b e e n a s f o ll o w s :

Tears.

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

PAR V A LU E OF B O N D S— M o s t o f t h e b o n d s a re fo r $ 5 0 0
IN T E R E S T — W H E R E P A Y A B L E — In t e r e s t is p a y a b le a t

C I T Y P R O P E R T Y . — T h e c it y o w n s p u b lic s c h o o ls a n d o t h e r b u ild ­
in g s w o r t h $ 3 0 0 ,0 0 0 , to g e th e r w it h a w a t e r s y s t e m c o s t in g $ 4 2 5 ,0 0 0 ,
t h e r e v e n u e fr o m w h ic h p a y s t h e in t e re s t o n w a t e r b o n d s a n d r u n n i n g
e x p e n se s. T h e fo llo w in g is a b r ie f sta t e m e n t o f th e e a r n in g s o f th e
w a t e r d e p a r tm e n t f r o m M a r c h 1 , 1 8 8 9 , to M a r c h - 1, 1 8 9 0 : T o t a l r e ­
ce ip ts, $ 2 7 ,4 1 0 ; d is b u r s e m e n t s — in te re st a ccou nt, $ 1 7 ,5 0 0 ; m a in t e ­
n an c e , $ 5 ,1 1 5 ; c o n s t ru c t io n , $ 4 ,7 5 8 ; b a la n c e p a id in t o s in k in g fu n d ,
$ 3 6 . T h e s in k in g f u n d re c e iv e d $ 4,000 fr o m t h e w a t e r d e p a r tm e n t fo r
t h e y e a r e n d in g M a r c h 1 ,1 8 9 1 .

do

E

F
G
H
H
I

A
A
B

A

J
J

6
M
6
F
6
J
4 *2 J
4 *2 J
4
J
4
J
4
J
4
J
4
J
4
J
4
A
4
J

7,000»
2 0 ,0 0 0
2 5 ,0 0 0
100
5 0 ,0 0 0
5 ,0 0 0
3 0 ,0 0 0
5 0 ,0 0 0
3 ,0 0 0
1 6 ,0 0 0
3 0 ,0 0 0
2 8 ,0 0 0
1 6 ,5 0 0
1 5 ,0 0 0
1 4 9 ,0 0 0
4 5 ,5 0 0

T r e a s u r e r ’s office.

P A S S A I C . — W alston R. B rown , Mayor.
P a s s a ic is i n th e c o u n t y o f the sa m e nam e. I t is 12 m ile s n o r t h w e s t
o f N e w Y o r k o h th e E r i e a n d t h e B o o n t o n b r a n c h o f t h e D e la w a r e
L a c k a w a n n a & W e s t e r n R a ilr o a d . C o n t a in s s e v e r a l m a n u fa c to rie s.
< Interest .— ,
—
A m ount

LOANS-

Bate
When
P rincipal,
P. Ot. Payable.
When Due.
M & N N o v . 1, 1 8 9 6

NAME AND PURPOSE.

C it y b o n d s .........
7
do
.......
5
do
................
5
do
................................ 5
P u b l ic sc h o o l b o n d s .............." 7
S c h o o l h o u se b o n d s ................ 5

Outstand­
ing.

$ 2 5 ,0 0 0
J u l y 1, 1 8 9 4
2 0 ,0 0 0
J u n e 1, 1 8 9 5
2 4 .0 0 0
J a n . 2, 1 9 0 2
2 3 ,5 0 0
1 8 9 2 to 1 8 9 3
2 ,0 0 0
A & O ' 1891 to -1 8 9 4 )
4 ,5 0 0
$ 1 ,5 0 0 y e a r l y (
do
do
.......
5
1 8 9 6 to 1 9 0 1
1 0 .0 0 0
do
do
1906
7 .0 0 0
do
1 8 9 2 to 1 8 9 8 )
do
................ 5
7 .0 0 0
$ 1,000 y e a r l y 5
P u b lic p a r k b o n d s ................. 5
J & J 1 9 0 5 to 1 9 1 5 )
3 3 .0 0 0
$ 3 ,0 0 0 y e a r l y 5
S tre e t irnpr. b o n d s (re n e w a l).. 5
M & N M a v 1, 1 8 9 2
2 1 .0 0 0
do
do
5
M & N 1 8 9 2 to 1 8 9 7 )
9 .0 0 0
$ 1 ,5 0 0 y e a r ly 5
INTEREST- ' W H E R E P A Y A B L E . - I n t e r e s t is p a y a b le a t P a s s a ic
Na+in-noi n
,
N a t io n a l B a n k , P a s s a ic , N . J.
J & J
J & D
J & J
M & N

w

!° J a r w ^ T ’ E l[c ~ T lie t o t a l b o n d e d del)t o n J a n u a r y 5 , 1 8 9 1 ,
w a s $ 1 9 6 ,0 0 0 ( a llm o r t g a g e b o n d s ) ; flo a t in g debt, $ 6 7 , 4 9 9 - c o m p o s e d o f
,
c e rtiilc a tes; m a k in g t o t a l debt, $ 2 6 3 ,4 9 9 . O n J a n u a r y
S
S
I
4 ' 3 9 p 6 r °e n t o f th e a sse sse d v a lu a tio n ,
a g a in s t 4 -2 4 p e r ce n t i n 1 8 9 0 a n d 5 -5 0 p e r ce n t i n 1 8 8 2 .
w i s S | 4 ? f i f ? ^ V A + U A T i ° N -“ I n 1890 th e t o t a l a88e8sed v a lu a t io n
L
w a s $ 4 4 6 4 3 1 5 ; t a x rate, (p e r $ 1 ,0 0 0 ) $ 2 7 -4 0 .
I n 1 8 8 9 th e t o t a l
a s se ss e d v a lu a t io n w a s $ 4 ,0 0 6 ,7 1 7 , w it h a t a x ra te o f $ 2 9 p e r $ 1 ,0 0 0 m 1 8 8 8 it w a s $ 2 ,9 0 9 ,5 1 0 , w it h a t a x ra te o f $ 2 1 -1 0 p e r $ 1 ,0 0 0 . U n p a id
t a x e s J a n u a r y 1 , 1 8 9 1 : F o r 1 8 9 0 , $ 5 3 ,0 8 7 ; f o r 1 8 8 9 , $ 1 9 ,6 0 1 ; f o r a ll
p r i o r y e a rs, $ 3 6 ,3 8 9 .
.
^
’
a11

6 g ^ P U L A T , 0 N - ~ T lle P o p u la t io n in 1 8 9 0 w a s 1 3 ,0 2 8 ; in 1 8 8 0 i t w a s

P A S S A IC
Director.

C O U N T Y .— J

o h n

H.

M orrow,

th° UOrth! rn Part ° f Vew J e r se y and bordering on N e w
Its pr08Pen ty is derived chiefly from the numerous silk
W

* “ *

m a n u fa c t o rie s lo c a t e *

■— Interest .— .

LOANS-

NAME AND PURPOSE.

Bate
When
P. Ot. Payable.

R o a d b o n d s .............
do
.............

A m ount
Outstand­
ing.

. 5
5

P rincipal,
When Due.

M & N < M a y 1 ,1 8 9 5 -1 8 9 9 ;
$ 4 0 ,0 0 0 y e a rly . 1 $200,000
A & O * Oct. 1, 1 8 9 3 -1 8 9 4 '
6 7 ,0 0 0
INTEREST- -W HERE PAYABLE.—In t e r e s t is p a y a b le a t P a t e r s o n

TOTAL

debt,

Et c —T h e t o t a l fu n d e d d e b t o n N o v . 1 , 1 8 9 1 , w a s

tS z e d ro a d

e d m 6 a n S to s t r u c t 100 m ile s o f m a c-

ASSESSED VALUATION.—I n 1 8 9 1 the a s se ss e d v a lu a t io n o f re a l
$37a 573W ? 2 $ 3 9 , 9 2 9 ’2 6 9 ’
7
P e r s o n a l p ro p e rty , $ 6 , 1 8 7 , 3 7 0 ; total,
$ 3 7 ,5 7 3 ,7 5 2 . T a x ra te (p er $ 1 ,0 0 0 ), $ 1 1 -0 0 . I n 1 8 8 9 t o t a l a s se ss e d
v a lu a t io n w a s $ 3 7 ,5 7 3 ,7 5 2 ; i n 1 8 8 0 it w a s $ 2 7 ,3 5 4 ,4 1 5 . P r o p e r f v is
a s se ss e d “ a t a b o u t o n e -th ird it s a c t u a l v a lu e .”
1
y
P O P U L A - n O N — T h e p o p u la t io n in 1 8 9 0 w a s 1 0 5 ,0 4 6 ; i n 1 8 8 0 if
w a s 6 8 ,8 6 0 ; i n 1 8 7 0 it w a s 4 6 ,4 1 6 .




T o t a l fu n d e d d e b t ...............
$1 220* 6 0 0
F lo a t i n g d e b t (notes, ce rtificates, &c. j .' ‘ T T . ’3 8 9 ,9 7 5
’

1890.
$ 1 ,2 4 0 ,6 0 0
3 6 4 ,4 9 3

T o t a l d e b t................................................$ 1 ,6 1 0 ,5 7 5
$ 1 , 6 0 5 ,0 9 3
CITY PR O PERTY —T h e c it y o w n s p r o p e r t y a n d o t h e r a v a ila b le
a s se ts a m o u n t in g to a b o u t $ 5 0 0 ,0 0 0 .

ASSESSED VALUATION—T h e c it y ’s a s se ss e d v a lu a t io n (a b o u t
t h r e e -fo u rth s o f the c a s h v a lu e ) a n d t a x ra te h a v e b ee n a s fo llo w s :
Personal

Total

-fcss& fr
B

Rate o f Tax

4 ,2 8 2 ,8 8 9
2 6 549 504
3 ,5 4 4 ,5 1 7
19,’893,’l 2 5
2 1 -1 0 1
POPULATION—I n 1 8 9 0 p o p u la t io n w a s 7 8 , 3 4 7 ; in 1 8 8 0 it ; w a s 5 1 ,
0 3 1 ; i n 1 8 7 0 it w a s 3 3 ,5 7 9 .
1 8 8 9 ....... 2 2 ,2 6 6 ,6 7 5

1 8 80 ....... 1 6 ,3 4 8 ,6 0 8

FREEDOM FROM TAXATION — T h e c it y t a x e s n o n e o f it s o w n

b o n d s.

R A H W A Y . — L. S. H yer , Mayor.
T h is city, o f U n i o n C o u n t y , w a s d e c la re d b a n k r u p t in 1 8 8 2 , a n d a c o m i m m n s e o f the d e b t e x c lu s iv e o f th e w a t e r d e b t ($ 1 8 5 ,0 0 0 ) w a s f o r t h ­
w it h a gre e d to w it h m o s t o f th e le a d in g c r e d ito rs a t 35 c e n ts o n t h e

200 n i n
! b t ’ ®XOlU'Ii v ® o f w a t e r d e b t> ^ e n a m o u n t in g to a b o u t
$ 1 ,2 0 0 ,0 0 0 . A c c o r d in g to th e a g re e m e n t the c o m p r o m is e w a s n o t to be
c o n sid e re d a f in a lit y n o r the a s s e n t in g b o n d s ca n ce le d u n t il th e b o n d ­
h o ld e rs s h o u ld co nsen t. In t e re s t, h o w e ve r, is p a id p r o m p t ly o n th e
n e w b o n d s. O f th e u n a s se n t e d b o n d s o n ly a b o u t $ 1 5 0 , 0 0 0 e x c lu s iv e o f
th e w a t e r b o n d s re m a in e d o u t s t a n d in g in 1 890. T h e w a t e r b o n d s w e re
re n e w e d i n 1 8 9 1 a t 4 p e r cent, a n a g re e m e n t h a v i n g b ee n m a d e i n 1 8 9 0
b y w h ic h a ll a c c ru e d in te re st a t 7 p e r ce n t w a s a d ju ste d a t th e 3 5 n e r
ce n t rate.

In t e r e s t o n the w a t e r b o n d s is a ls o p r o m p t ly p aid .
---------- — P W « />,-««/
L O A N S—
- Interest. — ,
—
,
N A M E A N D PU R PO SE.
P. Ot. Payable.
When Dife
O u ts l^ d P
A c fo u stm e n tb o n d s---- 1 8 8 2 4
M & N
Nov l 1
v u ista n a g .
a b ’t $ 5 0 0 , 0 0 0
S u b je c t to c a ll a t c it y ’s o p tio n .
° V' 4 ’ 1
W a t e r b o n d s renew e.d...... 4
J & j
1 8 5 ,0 0 0
IN T E R E S T is p a y a b le a t C it y T r e a su r y .

.. T O T A L D EBT ,
w ate r

C o u n t y se a t is P a t e rso n .

Y o fis te ff

"^OTAL DEBT, S IN K IN G FUNDS, E t c .— T h e su b jo in e d sta t e m e n t
s h o w s P a t e r s o n ’s t o t a l m u n ic ip a l d e b t a n d the c it y ’s flo a t in g d e b t o n
tti6 2 0 th o f M a r c h o f e a c h o f th e la s t t w o y e a rs.

E

tc

.— T he t o t a l d e b t w h e n

th e

c o m p r o m is e

is

C° m p le te d Wl11 be a b o u t $ 6 8 5 ,0 0 0 , o f w h ic h $ 1 8 5 , 0 0 0 f o r

retlS ! s t e t e E w a r
3 ? i T 9 ?n N ’ E/ C - ~ I n 1889 tlie asse88ed v a lu a t io n o f
h V ^ . ’3 3 1 ’9 o 0 > o f P e r s o n a l p ro p e rty , $ 3 5 5 , 3 0 0 ; t o t a l,
$ 2 ,6 8 7 ,2 5 0 ; d e d u c tio n s fo r debt«* < 7 Q r70p;. hoi.»«
fc
,
.
*
«2 8 1 3 5 2 5
’ ^ 7 3 ’7 2 ° : b a la n c e v a lu a t io n t a x a b le ,
$ 2 ,6 1 3 ,5 2 5 . State, c it y a n d c o u n t y t a x (p e r $ 1 ,0 0 0 ), $ 2 8 -1 0
In 1880
to ta l a sse sse d v a lu a t io n w a s $ 2 , 5 6 6 , 7 4 5 ; t a x p e r $1 000 $ 2 8 -1 0
P O P U LA T IO N i n 1 8 9 0 w a s 7 , 1 0 5 ; i n 1 8 8 0 ft w a s 6 ,45?

S A L E M . — J. W .

A

c t o n

,

Mayor.

Salem lies about 40 miles southeast of Philadelphia with winVi,
Jersey°Raflroad.
LOANS—

a ““

NAME AND PURPOSE.
Water loan
do
do
.............
do

,

° f Steamboat8 and witb Camden by the W e s t
. Interest .— .
—

Bate
When
P. Ot. Payabte.

P rincipal,
When Due.

J

1891
1896
1901
1906

&

J

INTEREST—WHERE PAYABLE - In t e r e s t

A m ou nt
Outstand­
ing.
$ 1 5 ,0 0 0
2 0 ,0 0 0
2 0 ,0 0 0
2 0 ,0 0 0

« 75 ^ T f ^ P E E J ’ E TC.— T h e t o t a l fu n d e d d e b t o n A p r i l 1 1891 w
$ 7 0 ,9 3 3 ; w a t e r debt, $ 7 5 ,0 3 0 ; flo a t in g debt. * 6 . o n n
’
9 ’W

Vol. LUI.
¡T A T E

6 8

AN ®

O ÎT Y
T h e t a x ra te i n 1 8 9 1 in c lu d e s c it y t a x p ro p e r, $ 1 0 -1 0 ; s c h o o l ta x ,

A o c c o c p n V A L U A T IO N —In 1890 the assessed valuation o f real
estate
$2,325,450^ o f personal p rop erty, $1,815,425; t o t a l $4,140,-

$ 3 -0 5 ; c o u n t y ta x , $ 1 0 T 0 ; total, $ 1 7 -5 0 .
1oa (. ..
PO P U LA T IO N .— I n 1 8 9 0 p o p u la t io n w a s 5 7 ,4 5 8 ; i n 1 8 8 0 it w a s

875; ta x rate (per $1,000), $12-40. R eal estate is assessed at abo t
its actual value.” In 1888 total assessed valuation w as $2,940,037,

2 9 ,9 1 0 .

with a ta x rate o f $11-50 per $1,000.
P O P U L A T IO N .—T h e p o p u la t io n in 1 8 9 0 w a s 5,665, m 1 8 8
5 ,0 5 6 ; i n 1 8 7 0 w a s 4,5 5 5 .

W E S T

J ______

a n i e l J. B e c h t e l , M a y o r.
i . ¿ ¿ w m g r a p id ly , a a d it s # a a a c e S
T h e s in k in g f u n d s a re w e ll m a in ta in e d , a
m o r e t h a n s°elf s u p p o r t in g . T r e n t o n is i n M e r c e r O o u n l *
— Interest .— .
_ . . ,
Outstand­
—
P rincipal,
When
Rate

LO ANS-

P .O t. Payable.

NAME AND PURPOSE.
..

do

1 8 6 4 ......

5
7
4.
4
4
4
4
4
4
4
6

...

V o lu n t e e r s, 1 8 6 4 .......

4
4
4
4
4
4
4

...
.. .
...
...
...
...
3..
3_.
...
....
...

School B onds—
S c h o o l d is t r ic t N o. 34.
S c h o o l h o u se , 1 8 7 3 ....
do
1 8 8 1 ...
do
1882—
do
1 8 8 9 ....
S p e c ia l sch ool-h. l o a n .
do
d o 18
do
d o 18
S tr e e t l o a n s . . ............
T r e n t o n In s t it u t <$-----

4

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

C it y cem etery, 1 8 8 4 . . .
D e fic ie n c y , 1 8 7 4 ........
do
................
do
......- ........
F ir e D e p a r t m e n t ......
do
18»/..
F u n d in g , 1 8 8 1 ...........
do
1 8 8 5 . . . . . .....
P a r k im p ro v e m e n t

6

F & A
M & V
F & A
F & A
Se m i-a n .
M & N
J & J
M & N
J & D

:

B fl151I 8^”11
93

A & O
... 5
P a r k s , 1 8 8 8 ................. S u b je ct to c a ll m i 8 9
1905 & 1906
S em i-an .
... 5
'S u b je c t to c a ll a fte r 10 ye ars.
LOANS PAYABLE BY SPECIAL ASSESSMENT:
,93 ,94
C lin t o n Stree t, e t c . . . . - - . - - j
F & A
t e a ., y z,
O ct: 1 5 , 1 8 9 9
Warren & Front S ts.,1 8 8 9 .. 4
A & O
1 8 9 1 to 1 8 9 3
S em i-an .
S e w e r and drain certittc p
Water L oans R eported Separately :
M a y 1, 1 8 9 5
M & N
City water............................. §
J u n e 1, 1 8 9 8
M & N

do
C h a m b e r s b u r g w a te r, 1 8 8 4
do
do 1 8 8 5
do
do 1886
do
do 1 8 8 6
do
do 1 8 8 7
IN T E R E S T - W H E R E P A Y A

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

J u ly
Jan.
Feb.
J u ly
J u ly

1,
1,
1,
1,
1,

1894
1895
1906
1906
1907

w o r k , fe a th e rs, etc.

NAME AND PURPOSE.
8
4?

100,000
1 4 .5 0 0
4 .5 0 0
1 3 .5 0 0
5 .5 0 0
1 7 0 .0 0 0
1 3 0 .0 0 0
6 9 .0 0 0
9 .0 0 0
2 0 .0 0 0
7 .0 0 0

11,000
4 .5 0 0

10,000
12,000

-

1 3 .0 0 0
3 6 .0 0 0

W E S T

3 8 ,9 8 7
4 9 .0 0 0
1 5 6 ,7 0 0
1 6 0 ,0 0 0
5 .0 0 0
2 .0 0 0
1 1 .0 0 0
5 .0 0 0
7 .0 0 0

O R A N G E . — E zra C. W illiams , Chair-

man.
T h is t o w n is s itu a t e d i n E s s e x C o u n ty .
,— Interests — .
LO A N S —
Rate
When

NAME AND PURPOSE.
R o a d b o n d s . . . . . '.................
do
........................

20,000

P- Ot. Payable.

7
7

J
J

& J
& D

P rincipal,
When Due.

Am ount
Outstand­
ing.

J u l y 1, 1 8 9 6
J u n e 1, 1 9 0 2

$ 9 8 ,5 0 0
-7 4 ,0 0 0

I N T E R E S T is p a y a b le a t th e O r a n g e N a t io n a l B a n k , O ra n g e , N . J.
D E B T ETC.—T h e t o t a l fu n d e d d eb t o n O ct, 1 0 , 1 8 9 1 , w a s
$ 1 7 0 ,5 0 0 ; sinking *fu n d a sse ts, $ 4 6 ,5 0 0 ; n e t debt, $ 1 2 4 ,0 0 0 .
" T A X F R E E — A l l o f th e W e st O r a n g e a re exeoapt f r o m ta x a tio n .
A S S E S S E D V A L U A T I O N . — I u 1 8 9 1 t o t a l t a x v a lu a t io n w a s a b o u t
$ 2 9 6 0 , 3 5 0 ; t o t a l t a x r a te p e r $ 1 ,0 0 0 , $ 2 5 -8 0 . I n 1 8 8 9 th e a s se ss e d
v a lu a t io n o f r e a l e sta te w a s $ 2 ,5 6 1 ,9 0 0 ; o f p e r s o n a l p ro p e r ty , $ 2 8 2 ,7 0 0 - total, $ 2 ,8 4 3 ,6 0 0 ; t a x r a te (p er $ 1 ,0 0 0 ) $ 2 1 . R e a l e sta te is a s ­
se s se d a t “ a b o u t it s a c t u a l v a lu e .” I n 1 8 8 7 t o t a l a s se ss e d v a lu a t io n
w a s $ 2 ,5 6 4 ,6 0 0 ; in 1 8 8 0 it w a s $ 2 ,4 0 3 ,0 0 0 .
P O P U L A T I O N . — P o p u la t io n i n 1 8 9 0 , 4 ,3 5 8 ; i n 1 8 8 0 w a s 3 ,3 8 5 :

$ 7 4 7 ,6 6 4
$ 3 1 0 ,0 0 0
2 3 6 ,5 2 2

, Director

T o ta l debt in 1 8 9 0 —
$ 4 4 8 ,0 0 0
T a x v a lu a t io n , 1 8 8 9 , o f
r e a l e state .............. $ 24 ,608,800
O f p e r s o n a l p ro p e r t y .
4 ,1 8 1 ,7 9 1
1891
5s
$ 4 4 ,0 0 0
T a x r a is e d .................
to
.7..’
,'..’..-.,
4 2 ,0 0 0
P o p u la t io n i n 1 8 9 0 w a s
7 2 ,4 6 7
1909
R oad B onds—
P o p u la t io n i n 1 8 8 0 w a s
5 5 ,5 7 1
p a rt due
___ - ■
$ 150,000
T h e b o n d s b e a r 4, 5 , 6 a n d 7 p e r
each ye ar
W a r B onds—
ce n t in te re st. !
6 s & 7 s , ___$ 2 1 0 ,0 0 0 ,
. _ _
W A T E R W O RK S.—T h e c it y ’s w a t e r -w o rk s , w h ic h a re s u p p lie d b y
w a t e r p u m p e d to a r e s e r v o ir f r o m t h e D e la w a r e R iv e r , h a d c o st th e
c i t v t o F e b 1 1890 , $ 5 8 1 ,5 5 6 . I n y e a r 1 8 8 9 -9 0 t h e y e a rn e d $80,306,
w h ile t h e ir e x p e n s e s w ere: F o r m a n a g e m e n t a n d r e p a ir s $ 1 5 ,8 0 6 ; i n
te re s t o n b o n d s, $ 1 8 ,1 0 0 ; la n d a n d c o n s tru c tio n ; $ 2 3 , 1 4 6 , le a v m g b a l-

Y When Due.

V A L U A T I O N . — T h e c it y ’s a s se ss e d v a lu a t io n a n d t a x

rate have been a s fo llo w s, p r o p e r t y b e in g a sse sse d “ a t a b o u t o n e -h a lf
a c t u a l v a lu e .

*Net
Rate o f Tax
Personal
Real
Property. Deductions. Yaluation. p er $ 1 0 0 0 .
Years.
Estate.
$ 2 8 ,7 6 0 ,5 4 5 $ 1 7 -5 0
$7,304,682
18 91___ $21,455,863
2 5 ,6 9 5 ,8 4 6
.......
1 ,4 8 4 ,9 5 9
6,981,643
1 8 9 0 ..
.20,199,162
..........
1 7 -5 0
1 8 8 9 ..
.. 19,702,674 5,993,173
1 4 ,7 9 6 ,4 3 1
1 5 -0 0
8 7 3 ,6 7 8
1 8 8 0 ..
.. 10,754,976 4,915,133
* T h is in clu d e s, in a d d it io n to r e a l esta te a n d p e r s o n a l p ro p e r ty , t h e
p o ll t a x a n d t a x o n d ogs.




A
J

1 5 ,0 0 0
1 6 ’0 0 0
1 D ,U W
3 0 ,0 0 0

P O P U L A T IO N — T h e p o p u la t io n i n 1 8 9 0 w a s 1 1 , 6 6 5 ; in 1 8 8 0 it w a s

D eficiency
C
freshet) B onds—

it' d

& O
O ct. 1, 1 | 9 2
& J
& O | $ 2 , 0 0 0 y e a rly . J
& J
J a n . 1, 1 8 9 6

J

5 , 4 4 1 ; in 1 8 7 0 it w a s 4,132.

C o u n t y se a t i s E liz a b e t h .

coq

A

5
5
5
5

2 1 ,5 0 0
2 7 ,0 0 0
1 8 ,0 0 0

w a s $ 2 ,4 5 6 ,6 5 0 .

$ 7 3 ,4 7 8
$ 1 3 2 ,3 8 4
F lo a t i n g d e b t (ad d itio n al)
WiNKING F U N D S . — T h e t o t a l o f a ll s in k in g f u n d s o n M a r c h 1 , 1 8 9 0 ,
w a s $ 4 9 2 ,4 5 5 , t h is a m o u n t c o n s is t in g o f cash , $ 6 5 ,1 5 6 ; U n it e d S ta t e s
b o n d s $ 220 ,000 ; N e w J e r s e y S ta t e b o n d s, $ 1 ,0 0 0 ; b a la n c e b e in g c it y s
o w n b o n d s a n d ce rtificates,
p r in c ip a l m o j n t e to t h e c re d it o f
p a r t ic u la r lo a n s w e re : F o r fu n d e d d e b t lo a n o f 1 8 8 1 , $ 5 1 ,8 3 2 , defle
T e n cv lo a n o f 1 8 7 4 , $ 6 6 ,3 4 3 ; d e fic ie n c y lo a n o f 1 8 8 3 , $ 1 1 ,3 7 8 ; lo a n s
p a y a b le b y s p e c ia l a sse ssm e n t, $ 4 0 ,0 8 3 ; v o lu n t e e r b o u n t y lo a n , $ 1 7 ,.
7 3 1 ; w a t e r lo a n s, $ 2 3 6 ,5 5 2 . T h e in c o m e o f t h e s in k in g f u n d s m th e
y e a r 1 8 8 9 -9 0 f r o m a p p r o p r ia t io n s a n d in t e r e s t w a s $ 8 4 ,8 8 4 .

LO A N S —

J a n 1, 1 9 0 3
J u l y 1, 1 9 1 0
Jan. 1
1911

I S ?

,
..
.
,
ASSESSED V A L U A T I O N — I n 1 8 9 0 th e a s se ss e d v a lu a t io n o f r e a l
e sta te w a s $ 2 , 6 5 1 , 8 0 0 ; o f p e r s o n a l p ro p e r ty , $ 1 7 4 , 6 5 0 ; total, $ 2 ,8 2 6 ,4 5 0 ; t a x r a te (p er $ 1 ,0 0 0 ), $2 0 -0 0 . I n 1 8 8 8 t o t a l a s se ss e d v a lu a t i o n

9 0 .0 0 0

M .
Total fu n d e d d e b t ......................................$ 1 ’3 2 5 ,0 9 2

ubbard

& J
& J
« J

i

debt, $

R2

J. F. H

J
J
j

m

I f!

IK

-pQ-r^L DEBT Et c .—The total funded debt on March 15, 1891,
was $205,925 ; sinking fund assets, $11,505; net debt, $194,420; water

1 7 9 ’ 18 2

C O U N T Y .-

i

6
6

6

)

I

^

IN T E R E S T — W H ERE P A Y A B L E — In t e r e s t is p a y a b le a t the F i r s t

$ 1 ,0 0 3 ,6 0 0
2 5 5 ,9 3 6

U N IO N

.......

j

§ f §

N a t io n a l B a n k o f H o b o k e n .

6 0 ,0 0 0

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

S in k in g f u n d s .................................... -........... ........... f____

.......

1

$ 2 4 ,0 0 0

|

T o w n H a l l b o n d s ..............
S tre e t a s s e s s m e n t b o n d s . . .

189 o.

N e t fu n d e d d e b t o n M a r c h 1 ...........................
S o
W a t e r d e b t ( a d d it io n a l) ..................................
1 4 6 ’5 3 4
S i n k i n g f u n d s ...........................................
..........’
$ 6 3 ,9 6 6

■■■■■
■

:::::::

S e w e r^b o n d s. -d °- - . . . . . . . . . .
S tre e t o p e n in g b o n d s .......

8 .0 0 0
8 ,9 1 3
7 .5 0 0

...........

Funded debt! payable by special assessment...

¡¡:;
^
do

do

B L E .— In t e r e s t is p a y a b le a t T re a s-

F u n d e d debt, p a y a b le fr o m t a x a t i o n ........ i* ’ ‘

8

J u ly i ;

1°

8

$ 3 ,0 0 0

7

Am ount
Outstanding.

P rincip al,
When Due.

P ate
When
P. Ot. Payable.

A s s e s s m e n t b o n d s ..........

iir c r ’s office i n T re n to n .
, ,
_ , ,
T O T A L D E B T , S IN K IN G FUNDS, E T C . - T h e s u b jo m e d sta te
t o t a l m u n ic ip a l debt, th e s in k in g f u n d h e ld b y
mant shows Trenton’s
t h e c it y a g a in s t th e sam e, t h e w a t e r debt, a n d t h e c it y ’s floating d eb t,
o n th e 1 s t o f M a r c h o f e a c h o f t h e la s t t w o y e a rs :

T„
___
,— Interest .— .

LO ANS-

ing.

When Due.

Feb . 1, 1 8 9 4
M a y 1, 1 8 9 4
Feb. 2 3 ,1 8 9 3
F e b . 1, 1 8 9 4
1896 & 1897
N o v . 1, 1 9 0 3
J u l y 1, 1 9 1 1
M a y 1, 1 9 0 5
June, 1913

1 8 9 1 to 1 8 9 6
Se m i-a n .
O ct. 8 , 1 8 9 3
A & O
D Cc. 1, 1 8 9 1
J & D
J u n e 1, 1 8 9 2
J & D
M c h . 1, 1 8 9 9
M & 8
O ct. 1, 1 8 9 7
A & O
J u l y 1, 1 9 0 8
J & J
O ct. 1, 1 9 0 8
A & O
A & O V a r io u s , ’9 2 to ’9 9
J u l y 1, 1 8 9 4
J & J
5 J u n e 16, ’9 1 -1 9 0 3 ;
J & d £ $ 5,000 y e a rly . :
|
5Feb. 9 ,1 8 9 2 -1 9 0 0 ;
F & A ; ( $ 10,000 y e a rly . ;

db. A ssumed

H O B O K E N . — T homas Nolan , Treas.

T h is to w n , s itu a t e d i n H u d s o n C o u n t y , i s c o n t ig u o u s to th e n o r t h w e s t
p a r t o f H o b o k e n . I t c o n t a in s v a r i o u s m a n u fa c t o r ie s o f s ilk s, r u s t io

T R E N T O N .— D
ca re
S i x

_______

i n 1 8 7 0 it w a s 2,106.

l ’00
,

State of Pennsylvania.
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 miles)
45 215
State Capital Harrisburg
Governor (term expires 3d Tues. Jan. 1895) Robert E. Pattison
Secretary of State* (term expires Jan. ’95) William F. Harrity
Treasurer (term expires 1st Monday May ’93) Henry K . Boyer

Legislature meets biennially in odd years on the first Tues­
day in January, and there is no limit to the length of the
sessions.
r A p p o in t e d b y G o v e rn o r , a n d h o ld s h is office a t G o v e r n o r ’s p le a su re .

m e n ts w e re susp en d e d . T h e “ R e lie f N o t e s ” w h ic h a p p e a r i n th e d e b t
sta te m e n t o f to -d a y a re a r e m n a n t o f th e o ld a n d a la t e r is s u e a u t h o r ­
iz e d A p r i l 1 0 , 1 8 4 9 , n o n e o f w h ic h a re li k e ly to b e p re se n te d f o r p a y ­
m en t.
T h e p u b lic w a s r e m in d e d b y a n in c id e n t i n 1 8 9 0 o f o n e o t h e r c la s s o f
fa c ts o f in te re st in c o n n e c tio n w it h P e n n s y l v a n ia 's d e b t a c c u m u la t io n s
a n d deb t liq u id a tio n . W e re fe r to a p a y m e n t m a d e to t h e S ta te b y th e ,
P e n n s y lv a n ia R a il r o a d C o m p a n y J u l y 31, 1 8 9 0 , o f $ 6 3 5 ,6 5 4 94, the
a n n o u n c e m e n t b e in g th a t th e a m o u n t n a m e d c o v e re d th e e n tire b a la n c e
o f p r in c ip a l a n d in te re st d u e th e S ta te fo r th e p u r c h a s e o f the “ M a i n
L in e . ”
N o d o u b t m a n y h a v e fo rg o t te n t h a t i n 1 8 5 7 , u n d e r a n
a ct p a ss e d M a y 1 6 o f t h a t ye a r, th e P e n n s y l v a n ia R a il r o a d C o m ­
p a n y b o u g h t th e m a in p u b lic lin e o f im p r o v e m e n t s w h ic h w e
h a v e a lr e a d y re fe rre d to, m a d e u p o f c a n a l a n d r a ilro a d , b e tw e e n
P h ila d e lp h ia a n d P it t s b u r g f o r $ 7 ,5 0 0 ,0 0 0 .
I t w a s th e la s t o f
th e 5 p e r ce n t b o n d s d e p o site d o n t h a t o c c a s io n t h a t th e r a ilr o a d c o m ­
p a n y p a id in 1 8 9 0 , t h e e n tire p a y m e n ts m a d e to th e S ta te on . t h a t
a c c o u n t b e in g $ 7 ,5 0 0 ,0 0 0 p r in c ip a l a n d $ 8 ,0 6 5 ,6 5 4 -9 4 o f in te re st, o r a
to ta l o f $ 1 5 ,5 6 5 ,6 5 4 -9 4 . A n o t h e r sa le m a d e b y th e S ta te o f it s p u b lic
w o r k s w a s th e lin e s s o ld to th e S u n b u r y & E r i e R a il r o a d C o m p a n y ,
u n d e r a n a ct of, A p r i l 2 1 , 1 8 5 9 , a n d b y it re -so ld to th e A e llg h e n y
V a lle y R a il r o a d fo r $ 3 ,5 0 0 ,0 0 0 . O f the la tte r c o m p a n y ’s b o n d s the
S ta te s t ill h o ld s i n it s s in k in g f u n d $ 1 ,9 0 0 ,0 0 0 .
T h e f o r e g o in g a re a ll o f th e fa c ts a n d in c id e n t s w h ic h it is n e o c e s sa r y
to r e c a ll h e re e x c e p t the s in g le c iro u m sta n o e t h a t in 1 8 6 1 , u n d e r th e
act o f M a y 15, o f th a t ye ar, a “ m ilit a r y l o a n ” o f $ 3 ,0 0 0 ,0 0 0 w a s is s u e d
b y th e S ta te fo r W a r p u rp o se s. T h e d e ta ils o f the d e b t a s it n o w e x is t s
a re sub joine d .

HISTORY OF DEBT.—N o d o u b t P e n n s y l v a n ia ’s d e b t h is t o r y is
m o r e w id e ly k n o w n t h a n the d e b t h is t o r y o f a n y S ta te i n the U n io n .
N o t o r ie t y w o u ld p e r h a p s n a t u r a lly r e s u lt fr o m th e n a t io n a l c h a ra c te r
o f so m e o f the e v e n ts w h ic h m a rk e d it s p r o g r e s s ; b u t the e v e n ts a n d the
S ta t e ’s r e la tio n to th e m w e re m a d e a d d it io n a lly c o n s p ic u o u s a n d g iv e n
w id e r c u r r e n c y i n E u r o p e a s w e ll a s in A m e r ic a b e c au se o f th e e m b a r­
r a s s m e n t w h ic h fo llo w e d the c o n t ra c t io n o f the debt. S o o n e ro u s
t Interest .— ,
—
A m ount
in d e e d
d id
the
c h a rg e s
at la s t
becom e, a n d
so d e ra n g e d
Rate
When
LO M —
M S
P rincipal,
Outstand­
the
S ta te
finan ce s,
th at
th e re
w as
no
escap e f r o m
the NAME AND PURP03E.
P. Ot. Payable.
When Due.
ing.
s u s p e n s io n
o f in te re st
p a y m e n ts. A n d a s to a r e c o v e r y fr o m A g r ic u lt u r a l C o lle g e b ’ds, ’7 2 .r 6
F & A F e b . 1, 1 9 2 2
$ 5 0 0 ,0 0 0
t h a t situ a tio n , it w a s se e n to be s im p l y im p o s s ib le e x c e p t t h r o u g h r ig id
n t a i F e b . 1, 1 8 9 2
F u n d i n g lo a n , 1 8 7 7 ............. .. 5
3 , 3 0 3 )1 0 0
F &
to 1 9 0 2 .
re t re n c h m e n t a n d e c o n o m y a n d a re sto re d p u b lic s e n tim e n t su ffic ie n tly
do
1 8 8 1 ............. r
4
F &
A u g . 1, 1 8 9 1
2 0 1 ,5 5 0
e n lig h t e n e d to re o r g a n iz e th e re p e a le d -ta x s y st e m a n d to a s su m e a n d
do
1 8 8 1 ............. r
4
F &
A u g 1, 1 8 9 2
2 2 3 ,4 5 0
e n d u re th e b u r d e n s a n d s a c rific e s w h ic h r e s u m p t io n en taile d . T h e
Aug
do
1 8 7 9 ................ 4
F &
iV l8
Ì
t o 1 9 0 4 . 9 4 \ 1 , 5 8 5 ,8 0 0
s t r u g g le f o r th e S ta te a n d p e o p le w a s f o r a t im e severe, a n d th e r o a d
do
1 8 8 1 ............. r
4
F &
F eb . 1, 1 9 1 2 4 ,7 2 1 , 3 0 0
u p a n d o u t o f th e se d ifficu ltie s n a r r o w a n d to rtu o u s, b u t the in d u s t r ia l
do
1 8 8 1 . . . ......... r
3 *2 F - J P I F e b . 1, 1 9 1 2 1 ,6 6 3 ,5 0 0
P|
r e c o v e r y o f the C o m m o n w e a lth , a fte r r e o r g a n iz a t io n h a d b een effected
P ro c e e d s o f f a r m sale, 1 8 8 7 . . . 6
Q u a r. 5
in S t a t e )
17,000
w a s a lm o s t m a g ic a l.
P as^d u e.
1 3 4 ,2 2 0
U n f u n d e d d e b t ...................... H a s ceased.
I t w a s the G o v e r n m e n t s y st e m o f in t e r n a l im p ro v e m e n t s t h a t g a v e
PAR VALUE OF BONDS.—T h e se b o n d s a re i n p ie c e s o f $50, $100
th e in o e p t io n to P e n n s y l v a n ia ’s b o n d issu e s. W a y b a c k in 1 7 8 9 som e
o f the id e a s w h ic h w e re e x e c u te d la t e r h a d t h e ir b ir t h a n d firs t d e v e lo p ­ a n d m u lt ip le s o f $ 1 0 0 .
m ent. B u t th e e a rlie s t lo a n a p p e a r in g a m o n g th e re c o rd e d ite m s o f
INTEREST—WHERE PAYABLE.—In t e r e s t o n th e A g r ic u lt u r a l
d e b t a s p u b lis h e d i n 1 8 3 8 w a s th e o n e is s u e d u n d e r t h e a c t o f the C o lle g e lo a n is p a y a b le a t th e S ta t e T r e a s u r e r ’s office i n H a r r i s ­
L e g is la t u r e i n A p r il, 1 8 2 1 . I t w a s not, h o w e v e r, u n t il 1 8 2 5 t h a t ' the b u r g ; o n a ll o t h e r b o n d s a t F a r m e r s ’ & M e r c h a n t s ’ B a n k i n P h ila d e l­
S ta te u n d e r t o o k th e m o re e x te n s iv e w o rk s , a n d e s p e c ia lly t h a t o f c o n ­ p h ia .
n e c t in g the O h io R i v e r b y c a n a l a n d r a ilr o a d w ith P h ila d e lp h ia , w h ic h
TOTAL DEBT, SINKING FUND, E t c .— T h e s u b jo in e d sta t e m e n t
w o r k w a s co m p le te d a n d p a s s e n g e rs a n d fr e ig h t c a r r ie d o v e r th e e n tire
s h o w s P e n n s y l v a n ia ’s t o t a l p u b lic debt, th e s i n k i n g f u n d h e ld b y th e
lin e in 1 8 3 4 , t h e t o t a l c o st b e in g re p o rt e d a t 14,^ m ill io n d o lla rs. A d d i­
S ta t e a g a in s t th e sam e , a n d t h e S ta t e ’s u n fu n d e d debt, o n th e 1 s t o f
t io n a l in t e r n a l im p ro v e m e n t s w e re u n d e r t a k e n d u r in g th e sa m e p e r io d
D e c e m b e r o f e a c h o f th e la s t t w o y e a rs.
c h ie fly la t e r a l c a n a ls, th e r o u te s fo r w h ic h , a s e x p e rie n c e p ro v e d , h a d
1889.
bee n fix e d u p o n , lik e so m a n y G o v e r n m e n t job s, m o re to b en efit p r iv a t e T o t a l p u b lic d e b t ( in c lu d in g u n fu n d e d d e b t).$ 1 2 ,3 4 9 ,9 2 0 $ 1 3 ,8 5 6 ,9 7 1
S i n k i n g f u n d s ..............................................
8 ,0 1 9 7 2 4
9 ,4 7 1 ,0 4 7
t h a n p u b lic in te re sts a n d c o n s e q u e n tly w it h o u t ju d g m e n t, w h ile the
w o r k it se lf w a s p o o r ly a n d u n s k il f u ll y done. A lt o g e t h e r i n th e se a n d i n
N e t d e b t o n D e c e m b e r 1 ......................... $ 4 , 3 3 0 1 9 6
$ 4 ,3 8 5 , 9 2 4
134* 2 2 0
o t h e r a llie d w a y s the b o n d e d deb t o f P e n n s y l v a n ia in 1 8 3 6 , a s re p o rte d U n f u n d e d d e b t (in c lu d e d a b o v e ) ..................
1 3 4 ,2 2 1
A m o u n t o f d e b t re d e e m e d d u r in g th e y e a r. . ..
1 ,5 0 7 ,0 5 1
8 8 1 ,9 5 0
b y th e S ta te o fficials a t t h a t date, w a s fo u n d to h a v e g r o w n to the verv
T h e s i n k i n g f u n d re c e iv e d d u r in g th e y e a r 1 8 9 0 th e s u m o f
la r g e s u m o f $ 2 4 ,2 6 5 ,3 0 3 .
J
$ 1 ,7 3 0 ,2 5 8 .
a! 1 t h is w a s a s n o t M n S c o m p a re d w it h th e d is a s t r o u s p o lic y w h ic h
T h e s in k in g f u n d o n D e c e m b e r 1 , 1 8 9 0 , h e ld the f o ll o w in g s e c u r it i e s :
th e S ta te e n tered u p o n i n t h a t sa m e ye a r. In d e e d i f a sto p h a d b ee n
m a d e at t h is p o n t in th e in te rn a l- im p r o v e m e n t sy ste m , a n d f u r th e r A ll e g h e n y V a lle y R a il r o a d b o n d s, $ 1 , 9 0 0 , 0 0 0 ; in t e re s t o n sam e,
$ 3 8 , 0 0 0 ; U n it e d S ta t e s 4 p e r ce n t c o n so ls, c o st $ 4 , 0 8 7 , 6 2 6 ; U n it e d
p r o g r e s s d e fe rre d u n t il t h e p ro d u c t iv e n e s s o f t h e fin is h e d w o r k h a d
S ta t e s 4^2 p e r ce n t b o n d s, c o st $ 2 6 , 4 6 8 ; r e s e r v e f o r p a y m e n t o f o v e r ­
b e e n tested, th e s u b s e q u e n t d ifficu ltie s w o u ld h a v e b e e n a v o id e d T h e
d u e lo a n s, $ 1 3 4 ,9 5 1 , a n d s u r p lu s , $ 1 ,8 3 2 ,6 7 7 . T h e a m o u n t re c e iv e d b y
S t a t e c re d it a t t h a t p e rio d w a s e x c e l le n t - it s 5 p e r ce n t b on d s, th e la s t
th e s i n k i n g f u n d d u r in g th e y e a r 1 8 9 0 w a s $ 1 ,7 3 0 ,2 5 8 .
w h oh h a d b e e n n e go tiate d, h a v i n g b e e n p la c e d i n L o n d o n (2*2 m illio n
T h e u n fu n d e d d e b t m e n tio n e d i n t h e a b o v e ta b le c o n s is t s o f r e lie f
d o lla r s) a t 1 1 4 @ 1 1 5 . B u t the s p e c u la t iv e s p i r i t h a d b e e n e v e ry w h e re
n o t e s in c irc u la tio n , $ 9 6 , 1 4 5 ; in t e re s t c e rtifica te s u n c la im e d , $ 4 ,5 9 7 ;
a ro u se d , a n d w h e n th e U n it e d S ta te s B a n k , w h o s e c h a r te r h a d j u s t
in te re st c e rtifica te s o u t s t a n d in g , $ 1 3 ,0 3 8 , a n d b o n d s p a s t due, u p o n
e x p ir e d a n d w h o s e a p p lic a tio n f o r a r e n e w a l h a d j j u s t b ee n re fu s e d b v
w h ic h in t e r e s t h a s ceased, $ 2 0 ,4 1 4 .
C o n g re s s, offered th e S ta te a s u ffic ie n tly la r g e b o n u s f o r a ch a rte r, th e
ASSESSED VALUATION.—T h e v a lu e o f t a x a b le r e a l e sta te i n
L e g is la t u r e fe ll in to th e tra p . T h e v e r y firs t a ct in the d r a m a w a s the
p a s s a g e o f a la w r e p e a lin g th e s y st e m o f t a x e s d e v ise d f o r th e p ro te c t io n 1 8 8 9 w a s $ 2 , 0 0 2 ,9 4 2 ,1 2 7 ; i n 1 8 8 8 th e v a lu a t io n w a s $ 1 ,8 4 0 ,4 3 3 ,5 4 0 .
o f th e p u b lic c re d it a n d p r o v id in g fo r th e c o n t in u a n c e a n d e x te n s io n o f
DEBT LIMITATION—I n P e n n s y l v a n ia th e li m it to th e in d e b t e d n e ss
t n 0 p u b lic s y st e m o f in t e r n a l im p ro v e m e n ts .
o f th e Sta te, a n d th e lim it to t h e in d e b t e d n e ss o f th e c itie s a n d
S u b s e q u e n t e v e n ts w i t h re fe re n ce to th e U n it e d S ta te s B a n k u n d e r
th e S ta te c h a rte r a n d t h e s p e c u la t io n w h ic h it fo ste re d a re too w e llk n o w n to n e e d r e p e a t in g h e re i n a n y detail. O f c o u rse w it h th e t a x e s re
p e a le d w h ic h e n s u r e d th e p a y m e n t o f in te re st o n b on d s, a n d w it h n o
w a y o f p a y in g in te re st e x c e p t t h r o u g h d e p re c ia te d “ re lie f n o te s ” o r
n e w is s u e s o f b o n d s, a n d w it h w o r k o n in t e r n a l im p ro v e m e n t s c o n ­
s t a n t ly i n p ro g r e s s c a llin g f o r a d d it io n a l b o r r o w in g s ; th e e n d c o u ld n o t
° 5 and ™
ia e : i ta b le - t o 1 8 4 2 , w h e n th e fu n d e d d e b t w a s
” V/!;
a n d th e d eb t o f a ll k in d s w a s re p o rte d at $ 3 7 , 3 1 9 3 9 5
a n d the o u t s t a n d in g “ r e lie f n o t e s ” re a c h e d $ 2 ,2 2 0 ,2 6 5 , in te re st p a v m e n ts w e re stopped. I n F e b r u a r y , 1 8 4 5 , in te re st w a s re s u m e d in “ relu L ,
’ t o o s e n o t e s b e in g s t ill the S ta te c u rre n c y , a n d th e c u rre n c y ,
p aid .
I t ,l„ ,u ia be S
f" m t
"r e lie f
n o t e s ” re p o rte d o u t s t a n d in g In
1 8 4 5 w h e n in te re st p a y m e n t s w e re r e s u m e d w a s o n ly $ 1 ,4 3 8 1 7 8
b e in g a d e c re a se f r o m 1 8 4 2 o f $ 8 8 2 ,0 8 7 , o r a b o u t 4 0 p e r cent. T h e y
w e re r e t ire d r a p id ly f r o m t h a t d a te a n d th e d e p r e c ia t io n w a s n o t lo n g
i n d is a p p e a r in g . “ R e lie f n o t e s ” w e re is s u e d u n d e r th e a u t h o r it y o f a n
a c t p a s s e d M a y 4 1 8 4 1 , e n title d “ A n a c t to p r o v id e r e v e n u e to m ee t
th e d e m a n d s o n th e T r e a s u r y a n d f o r o th e r p u r p o s e s .” T h e a ct
a u th o r iz e d c e r ta in b a n k s to s u b s c r ib e f o r a lo a n to th e C o m m o n w e a lth
to a n a m o u n t e q u a l to a fix e d p e rc e n t a g e ” o n t h e ir r e s p e c tiv e c a p i­
ta ls, th e a m o u n t o f s u c h lo a n to b e p la c e d in th e T r e a s u r y fo r it s u s e in
n o t e s o f s a id b a n k s o f th e d e n o m in a tio n o f one, t w o a n d fiv e d o lla r s
U n d e r a n o t h e r a ct p a s s e d i n 1 8 42, 6 p e r ce n t s c r ip w a s is s u e d to th e
c r e d ito rs in st e a d o f m o n e y d u r in g th e p e r io d i n w h ic h in te re st p a y ­




m in o r c i v i l o r g a n iz a t io n s i n th e Sta te , i s fix e d b y th e S t a t e C o n s t it u ­
tio n .
1. State indebtedness.—With r e g a r d to th e Sta te, t h e r e g u la t io n s
c o n t r o llin g a n d g o v e r n in g d e b t c re a tio n , p a y m e n t, &c., a re fo u n d
i n S e c t io n s 4, 5, 6 , 1 1 , 1 2 , 1 3 a n d 1 4 o f A r t ic le I X o f t h e C o n s t it u t io n ,
a n d a r e a s fo llo w s .
,
„ A a U CLE
Seo'
N o d e b t s h a ll h e cre a te d b y, o r o n b e h a lf of, th e
S ta t e e x c e p t to s u p p ly c a s u a l d eficie n cie s o f re v e n u e , r e p e l in v a s io n s
a K h a 8 U a K ir r e ° +
d e fe n d to e S t a t e i n w a r, o r to p a y e x is t in g d e b t ;
c
d e u cio n cie i n
s h a ll
4h affffreffatA at,s u p p lyb u D ficieu u ic s win r e v e n u e sn a u n e v e r
-v.^ « re a te d a.to 1
exceed.» i n tk e a g g re g a te a t a n v o n a -Hm**, o n e m iiiiA « o f d o lla rs.
6
a n y a e tim e nrm
illio n
h A h n if r«fN L
a u t h o r iz in g th e b o r r o w in g o f m o n e y b y, a n d o n
s h a l l s p e c if y t h e p u r p o s e f o r w h ic h th e m o n e y is to
fie d m n d n o o t h 6 m o n e ^ 80 b o r r o w e d s h a ll b e u se d f o r th e p u r p o s e speciì n

S 1? ? 6 ' T he c re d it o f th e C o m m o n w e a lt h s h a ll n o t b e p le d g e d o r
a n y m d l v ld ual, c o m p a n y , c o rp o ra t io n o r a s so c ia tio n , n o r
e c o m m o n w e a lt h b e c o m e a j o in t - o w n e r o r s t o c k h o ld e r i n a n v
c o m p a n y , a s s o c ia t io n o r c o rp o ra t io n .
J
T o p r o v id e fo r the p a y m e n t o f the p re s e n t S ta t e debt, a n d
iaa“
a l deh t c o n t r a c t e d a s a fo re sa id , th e G e n e ra l A s s e m b ly
® haU c o n t in u e a n d m a in t a in th e s in k in g f u n d su fficie n t t o p a y th e
te re st o n s u c h debt, a n d a n n u a ll y to re d u ce th e p r in c ip a l
tn e re o r b y a s u m n o t le s s t h a n t w o h u n d r e d a n d fift y t h o u s a n d d o lla r s ;
t n e s a i d s i n k i n g f u n d s h a ll c o n s is t o f the p ro c e e d s o f th e s a le s o f th e
p u b lic w o r k s , o r a n y p a r t thereof, a n d o f th e in c o m e o r p ro c e e d s o f th e
s a ie o f a n y s t o c k s o w n e d b y th e C o m m o n w e a lth , to g e th e r w it h o th e r
t u n d s a n d r e s o u rc e s t h a t m a y b e d e s ig n a t e d b y la w , a n d s h a ll b e
in c r e a s e d f r o m t im e to t im e b y a s s ig n in g to it a n y p a r t o f th e t a x e s o r
o th e r r e v e n u e s o f th e S ta t e n o t r e q u ire d f o r th e o r d in a r y a n d c u r r e n t
e x p e n s e s o f g o v e rn m e n t, a n d u n le s s i n ca se o f w a r, in v a s io n o r i n s u r ­
re c tio n , n o p a r t o f th e s a id s in k in g f u n d s h a ll b e u se d o r a p p lie d o t h e r­
w is e t h a n i n th e e x t in g u is h m e n t o f th e p u b lic debt.
F

Vol. LIII.

70
1 2 T h e m o n e y s o f t h e State, o v e r a n d a h o v e t h e n e c e s s ^ y r e h e u s e d i n t h e p a y m e n t o f th e d e b t o f th e State, e ith e r
d ir e c t ly o r t h r o u g h th e s i n k i n g fu n d , a n d t h e : m0S
tv o ^ a n v t S n l
ft m d s h a ll n e v e r h e in v e s t e d i n o r lo a n e d u p o n th e s e c u r it y o f a n y t m n g
e x c e p t t h e b o n d s o f th e U n it e d S ta t e s o r o f t h is State.
lim ite d
S e c t i o n 13. T h e m o n e y s h e ld a s n e c e s s a r y r e s e r v e s h a ll
b v l a w t o t h e a m o u n t r e q u ir e d fo r c u r r e n t e x p e n se s, a n d s h a ll be
> c u re d a n d k e p t a s m a y b e p r o v id e d b y la w . M o n t h l y
f ®
b e p u b lish e d , s h o w in g th e a m o u n t o f s u c h m o n e y s , w h e r e the sa m e a

h a d a g g re g a te d e p o s it s o f $ 2 5 1 ,8 7 3 ,9 0 8 ( a g a in s t o n ly $ 1 8 3 , 1 1 1 , 5 8 6

s e c t io n

d e p o sit s i n 1 8 8 5 , th e re b e in g 3 6 4 n a t io n a l
^
tim e), a g g re g a t e c a p it a l o f $ 7 9 ,4 5 5 ,4 1 1 ( a g a in s t $ 6 9 ,1 0 4 ,3 6 3 i n 1 8 8 5 ),
a n d $ 4 6 ,4 8 2 ,2 1 9 s u r p lu s a n d p ro fit s ( a g a in s t $ 3 1 ,8 8 6 ,4 1 2 ). I n a d d i­
t io n th e re w e re J u n e 30, 1 8 9 0 , a c c o r d in g to th e U n it e d S ta te s C o m p ­
t r o lle r o f th e C u rre n c y , 2 3 lo a n a n d t r u s t c o m p a r e s , w it h $ 4 2 ,
7 1 7 , 0 4 0 d e p o sits, $ 2 0 ,6 1 0 ,5 2 8 c a p it a l a n d $ 9 ,7 6 5 ,5 9 2 s u r p lu s
On
S e p te m b e r 1 , 1 8 8 5 , th e re w ere, a c c o r d in g to th e C o m p t r o lle r o f t h e
^ ¿ e c t w n 1 4 ^ T h e m a k i n g o f p ro fit o u t o f th e p u b l i c ° r ^ 8+be C u r r e n c y ’s r e p o r t fo r t h a t y e a r, o n ly 9 lo a n a n d t r u s t c o m p a n ie s
.he same for any purpose not authorized by law by any officer of the h a v i n g $ 3 7 ,3 0 9 ,4 2 4 d e p o sits, $ 8 ,3 7 5 ,0 0 0 c a p it a l a n d $ 5 ,7 8 9 ,8 6 8 s u r ­
State, o r m e m b e r o r officer o f th e G e n e ra l A s s e m b l7 >
^ .
rfc o i
p lu s. W it h re fe re n c e to t h e s a v i n g s b a n k s , it w o u l d se e m im p o s s ib le t o
m e a n o r, a n d s h a ll b e p u n is h e d as m a y b e p r o d d e d b y law ^ ^ u t p a r t of
g e t a n y t r u s t w o r t h y c o m p a r is o n s w it h f o r m e r y e a rs , th e re b e in g n o
s u c h p u n is h m e n t sh a ft b e d is q u a lific a t io n to h o ld office fo
p
S ta te r e p o r t s f o r e ith e r th e s a v i n g s b a n k s o r t h e t r u s t c o m p a n ie s. T h e
n o t le s s t h a n fiv e y e a rs.
. . .
State loans in Pennsylvania, whether created for original mdebte
C o m p t r o lle r r e p o r t s 1 3 s a v i n g s b a n k s f o r 1 8 9 0 , 9 o f t h e n u m b e r b r i n g
ness or authorized to fund existing indebtedness, are asuaUy negotu m u t u a l b a n k s a n d h a v i n g n e a r ly th e w h o le o f t h e a c c o u n t s a n d th e b
ated through the Governor and Commissioners of the sinking o f th e d e p o sits. T h e f o llo w in g c o v e r s th e o p e r a t io n s o f th e se 1 3 b a n k s .
T h e fa c t t h a t t h e fig u r e s f o r t h e e a rlie r y e a r s e m b ra c e o n ly 4 o r 6
“
la s t a ct o f t h e P e n n s y l v a n ia L e g is la t u r e a u t h o r is in g a p u M c b a n k s p r e s u m a b ly d o e s n o t in d ic a t e t h a t t h a t w a s a ll th e b a n k s t h e r e
l o a n w a s t h e a ct o f J u n e 8 ,1 8 8 1 , w h e n a t h ir t y - y e a r lo a n w a s effected w e re b u t s im p l y t h a t t h e C o m p t r o lle r c o u ld n o t, i n t h e a b se n c e o f offi­
c ia l ’in f o r m a t io n f r o m t h e S ta t e a u th o r it ie s , g e t r e t u r n s f r o m
t o f u n d e x is t in g in d e b te d n e ss a t a lo w e r r a te o f in te re st.
i h e earliest date at which the last o f the existing indebtedness o f
Pennsylvania will mature is February 1 , 1 9 1 2 , and under existing are m 0
1890.
1885.
1880.
1875.
rangements the accumulations in the sinking fund will at that time
Savings Banks. (June 30.)
(Sept. 1.)
(O ct. 1.)
(Oct.)

pay the total State indebtedness.
(2) County and M unicipal Ind ebtedness.-U ndev th e
la w s o f
P e n n s y l v a n ia th e p o w e r to c re a te c o u n t y lo a n s is i n th e B o a r d o f
C o u n t y C o m m is s io n e r s , w h ic h c o n s is t s i n e a c h c o u n t y o f th re e p e rso n s,
electe d t r i- e n n ia lly u n d e r t h e m in o r i t y s y s t e m o f v o t o g . b y w ffich
th e m in o r i t y p a r t y i n e a c h C o u n t y u s u a ll y h a s o n e m e m b e r o f th e B o a r d
* I n c itie s a n d b o r o u g h s t h e p o w e r to cre a te in d e b te d n e ss is v e s te d i n
councils, municipal d e b ts b e in g cre a te d b y o rd in a n c e .

llilp it

T h e c r e a tio n o f c o u n ty , c it y a n d o th e r m u n ic ip a l in d e b te d n e ss is

subiect to the following constitutional limitations.
a

A

v T X 8ec 7
I X , oec. /.

r t ic l e

h e r e in p ro v id e d , s h ^ l m »ver
S S a l l S

..

.

n o r s h a ll a n y su c h

S r l S S c t ta cu r { n y new

or - i
SeM , ? S
S

a

V

^

o

«

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a

S

^

V

£

l u

y

U

o

u

,

m ie u t e d .

^ ^ f c t i o n 10.

SAVINGS BANKS INVESTMENTS-POWERS AND RESTRIC­
TIONS.— P h ila d e lp h ia is, w e believe , j u s t ly e n title d to t h e d is t in c t io n

„„„

T h e G e n e ra l A s s e m b ly s h a ll n o t a u th o r iz e a n y
, .
in c o rp o r a t e d d is t r ic t to b e c o m e a

« 1

A v . e a c h d e p o sit.
296
T h e t o t a l o f th e se d e p o sits, a t 6 5 *2 m illio n d o lla rs, lo o k s d e c id e d ly s m a ll
a lo n g sid e t h e a g g re g a t e s f o r m o s t o t h e r Sta te s, b u t d o u b tle s s u n d e r t h e
n e w g e n e ra l la w p a s s e d in 1 8 8 9 , a n d r e fe r re d to a b o v e , w e m a y e x p e c a r a p id e x t e n s io n o f th e o p e ra t io n s o f th e s a v i n g s b a n k s .

o f s t a r t in g t h e fir s t s a v i n g s in s t it u t io n i n th e U n it e d Sta tes. T h e
n a m e t h is a s s o c ia t io n b o r e w a s th e “ P h ila d e lp h ia S a v in g s
S o c ie ty ,” a n d it s t il l e x ists , b e a r in g t h e sa m e n a m e . O r ig in a ll y t h e
b a n k w a s n o t in c o rp o r a t e d , b u t w a s a v o l u n t a r y o r g a n iz a t io n , s u c h
so cie tie s i n G r e a t B r i t a i n b e in g a t t h a t t im e o f a lik e ch a ra cte r. T h e
d a te o f th e o r g a n iz a t io n w a s N o v e m b e r 2 7 , 1 8 1 6 , a n d t h e b a n k w a s
o p e n e d f o r b u s in e s s D e c e m b e r 2 , 1 8 1 6 . M r . H u t c h in s o n , w h o , n o w
h o ld s t h e office o f P r e s id e n t, s ta te s th a t, th e o ld e st le d g e o f th e c o m p a n y
g o e s b a c k to t h e t im e o f o p e n in g , a n d s h o w s a d e p o sit o n t h a t d a y
(D e c e m b e r 2, 1 8 1 6 ) o f fiv e d o lla rs.
T h e c o m p a n y w a s n o t in c o r ­
p o r a t e d u n t il F e b r u a r y 2 5 , 1 8 1 9 .
I t is s u r p r is in g t h a t P e n n s y lv a n ia , a lt h o u g h e n g a g e d i n s u c h a n e a r ly
v e n t u r e i n t h e d e p a r tm e n t o f s a v i n g s in s t it u t io n s , s h o u ld h a v e m a d e
so litt le p r o g r e s s in t h e sa m e d e p a r tm e n t since. In d e e d , th e s e c o n d
o r g a n iz a t io n d oe s n o t b e a r d a te u n t il 1 8 4 7 , a n d w e t h a n k the re> h a d
onlv been 10 m u t u a l s a v i n g s in s t it u t io n s o r g a n iz e d i n th e w h o le S t a t e

A n y c o u n t y , t o w n s h ip , s c h o o l d is t r ic t o r o t h e r m u n io i-

f r o m 1 8 1 6 d o w n to th e e a r ly p a r t o f 1 8 9 0 . W e m a y a ssu m e , h o w e v e r ,
t h a t t h is s lo w d e v e lo p m e n t w a s i n n o m e a s u r e d u e to a la c k o f d e sire
f o r s a v i n g s b a n k s o n th e p a r t o f th e p e o p le o f t h a t c o m m o n ­
w e a lth .
T h a t su c h
in s t it u t io n s w e re
so u g h t an d needed is
su ffic ie n tly e v id e n t f r o m t h e fa c t t h a t n in e o f t h e t e n c o m p a n ie s r e ­
fe rre d to a b o v e r e p o r t e d i n 1 8 9 0 t h a t t h e y h e ld $ 6 3 ,9 5 7 ,3 4 1 o f
d e p o sits. P r o b a b ly th e d e la y i n th e g r o w t h o f t h e s y s t e m is a le g is ­
la t iv e secret, fo r a ll th e c h a r t e rs o f th e t e n c o m p a n ie s w e re sp e c ia l,
a n d it w a s n o t u n t il 1 8 8 9 t h a t a g e n e ra l la w f a c ilit a t in g th e o r g a n iz a ­
t io n s o f s a v i n g s in s t it u t io n s w a s p a sse d . In d e e d , t h e la w o f 1 8 8 9 i s
w e ll a d a p te d n o t o n ly fo r fa c ilita t in g , b u t f o r s t im u la t in g , th e g r o w t h
o f th e sy ste m . I t s in flu e n c e i n th e la t t e r d ir e c tio n w o u l d se e m to b e
su ffic ie n t t o w n s h ip t a x rate , k n o w n a s r o a d ta x .
p n P llI AT ION OF STATE.—Pennsylvania has a larger population a s s u r e d u n d e r th e lib e r a lit y o f t h e p r o v is io n s o f th e la w r e s p e c t in g
t h a n a n y o th e r S ta t e w it h t h e e x c e p t io n o n ly o f N e w Y o r k , a n d th e in v e s tm e n ts . T h e f o llo w in g is s e c t io n 17, w h ic h c o n t a in s th e in v e s t ­
a b s o lu te a d d it io n to th e n u m b e r o f in h a b it a n t s d u r in g t h e la s t d ecad e m e n t li m it a t io n s ; w e w o u ld e s p e c ia lly d ire c t a t te n t io n t o s u b d iv is io n
w a s th e la r g e s t w it h o u t a n y e x c e p t io n — t h a t is, w h ile N e w Y o r k m a d e four of this section:
*.
Section 17.— I t s h a ll b e la w f u l f o r t h e t ru st e e s o f a n y s a v i n g s b a n k
a n in c r e a s e o f 9 1 4 ,9 8 2 , P e n n s y l v a n ia m a d e a n e v e n h e a v ie r in c re a se ,
o r 9 7 5 1 2 3 . T h e K e y s t o n e S ta t e h a s s h o w n a la r g e r a t io o f g r o w t h
f r o m t h e v e r y first, a n d a g a in s t a p o p u la t io n o f 4 3 4 , 3 7 3 i n 1 7 9 0 a n d
6 0 2 3 6 5 i n 1 8 0 0 , in 1 8 9 0 h a d a t o t a l o f 5 ,2 5 8 ,0 1 4 . I t i s a r e m a r k a b le
fa c t too, t h a t th e S ta t e h a s r a n k e d se c o n d i n p o p u la t io n i n a ll th e C e n ­ V ' l i X L »toots O, bonds of tie Commonwealth ot Pennsylvania
s u s e s e x c e p t t h o se o f 1 8 1 0 a n d 1 8 2 0 . Tn 1 7 9 0 a n d 1 8 0 0 « w a s o u t ­
r a n k e d o n ly b y V i r g i n i a ; i n 1 8 1 0 a n d 1 8 2 0 it w a s o u t r a n k e d b y b o t h
V i r g in i a a n d N e w Y o r k ; i n 1 8 3 0 a n d e v e r y d ecad e s in c e t h e n it h a s

S o S f g ¿ S S r t h I S f f i t i S ? o f a n S n u a l t e / s u f f lc ie n t t o p a y the
in te re st, a n d a ls o t h e p r in c ip a l th e re o f w it h in t h ir t y y e a rs.
1 (3) Townships and School D is tr ic ts .- I n t h e v a # o u s s c h o o l d is t r ic t s
o f t h e S ta t e th e s c h o o l d ir e c to rs h a v e t h e p o w e r t o c re a te lo a n s , s u b ­
je c t to th e lim it a t io n s o f S e c tio n 1 0 a b o v e q uo te d , t o p r o v id e f o r th e
redemption of the sa m e w i t h in t h ir t y y e a rs .
I n t o w n s h ip s , t h e o n ly a u th o r it y , e x c e p t t h a t o f th e s c h o o l d ir e c to rs
t o b o r r o w m o n e y , i s i n th e r o a d s u p e r v is o r s , w h o h a v e n o p o w e r to
cre a te b o n d e d in d e b te d n e ss, b u t simply t o m a k e a t e m p o r a r y lo a n fo r
n e c e s s a r y e x p e n se s, w h ic h m u s t b e p r o v id e d f o r b y a n a s s e s s m e n t o f

b e e n e x c e lle d o n ly b y N e w Y o r k .
1 QQO
i l a n .......

5 ,2 5 8 ,0 1 4 i 1 8 6 0 .......... 2 ,9 0 6 ,2 1 5
4 .2 8 2 .8 9 1 1 8 5 0 .......... 2 ,3 1 1 ,7 8 6
3 ; 5 2 i , 9 5 i I i 8 4 o .......... 1 ,724,033

1 8 3 0 .......... 1 ,3 4 8 ,2 3 3
1 8 2 0 .......... 1 ,0 4 7 ,5 0 7
1 8 1 0 ..........
8 1 0 ,0 9 1

I n th e 1 8 6 0 -7 0 d ecad e t h e r a t io o f in c r e a s e w a s 2 1 -1 9 p e r cent, i n the
1 8 7 0 - 8 0 d e c a d e 2 1 -6 1 p e r cent, a n d i n th e 1 8 8 0 -9 0 d ecad e 2 2 -7 7
p e r cent.

BANKS-NATIONAL, STATE AND SAVINGS INSTITUTIONS
_ a T t h e S ta t e w i t h t h e s e c o n d la r g e s t p o p u la t io n , P e n n s y l v a n ia
r e a u ir e s a s s h e p o sse sse s, e x t e n s iv e b a n k in g fa c ilitie s a n d re s o u rc e s .
T h e n a t io n a l in s t it u t io n s c o n s t itu te b y a ll o d d s th e m o s t im p o r t a n t elem e n t in t h a t r e g a r d , b u t t h e o p e ra t io n s o f t h e S t a t e b a n k s a r e b y n o m e a n s
n n im o o r t a n t , w h ile th e lo a n a n d t r u s t c o m p a n ie s a re in c r e a s in g b o t h in
u u m b e r a n d i n t h e e x t e n t o f t h e ir b u s in e s s. T h e fig u r e s b e lo w fo r
t h e S ta t e b a n k s a re t a k e n f r o m th e a n n u a l r e p o r t o f t h e S ta te A u d i ­
t o r G e n e r a l o n b a n k s a n d s a v i n g s in s t it u t io n s , th e se s a v in g s in s t it u ­
t io n s b e in g e v id e n t ly n o t s a v i n g s b a n k s p ro p e r, b u t o r d in a r y c o m m e r­
c ia l b anks.

1 8 9 0 -9 1 .

National.
P ennsylvania . (July 9, ’91.)

that according to the foregoing (sub-division

four), Pennsylvania Savings Banks are allowed to invest them
deposits in the bonds and stocks of any city, county town or village in
anv of the United States. Furthermore, by the fifth subdivision bonds
and mortgages are left t o the discretion of the trustees in all purchases,
except that they must be first mortgages on improved real estate m
Pennsvlvania. The following (Section 1 8 ) relates to the temporary
deposit of funds in banks and trust companies. The words we have
put in italics seem to be out of place, as there is nothing m the last
preceding section” with reference to the matter referred to.

-1 8 8 5 .

State.
National.
State.
(Nov. ’90.) (Dec. 2 4, ’85.) (Nov. 1, ’85.)

285
79
85
N o . o f b a n k s . .. -.
366
$ 7 ,9 4 0 ,3 2 3
$ 8 ,4 1 1 ,2 0 0 $ 6 1 ,1 6 4 ,0 4 0
C a p it a l .............. $ 7 L 0 4 4 ’5}11
2 9 ,4 6 4 ,9 3 3
2 ,4 2 1 ,4 7 9
4 ,2 8 6 ,9 8 2
S u r p l u s & p ro fits. 4 2 ,1 9 5 ,2 3 7
2 6 ,5 6 4 ,5 3 2
4 1 ,1 8 1 ,8 3 2 1 5 6 ,5 4 7 ,0 5 4
D e p o s ., in d iv id ’l . 2 1 0 ,6 9 2 ,0 7 6
I t w iU be observed t h a t a t t h e la t e s t d a te s th e re w e re 366 n a t io n a l
a n d 8 5 S ta t e b a n k s , o r 4 5 1 to g e th e r, a n d t h a t th e se 4 5 1 in s t it u t io n s




re a l estate,

situatedi

these savTng funds, that the trustees of any ^ ? h corporation are
violating the spirit or intent of the provismns of this acL by keepmg
nermanently uninvested all or an undue proportion of the money
received by them, it shall be his or their duty to report the facts to the
Attorney-General, who shall proceed against such corporation as
provided by law.

Cities , Counties

and

T owns

Rate
When
P. Ot. Payable.
C i t y b o n d s .............................. 7
J &

IN THE

S T A T E OF P E N N S Y L V A N I A .
A L L E G H E N Y .— J ames G. W y m a n , .Mayor.
A lle g h e n y , s itu a t e d i n the c o u n t y o f t h e s a m e n a m e , a t th e j u n c t io n
o f t h e A ll e g h a n y w it h th e O h io R iv e r , w a s in c o rp o r a t e d a s a c it y in
1 8 4 0 w i t h a p o p u la t io n o f 10 ,0 8 6 . I t s r a p id in c r e a s e i n p o p u la t io n
a n d w e a lt h h a s b ee n la r g e ly d u e to it s g r e a t a d v a n t a g e s a s a m a n u ­
f a c t u r in g centre. A la r g e p o r t io n o f t h e c i t y ’s w e a lt h is in v e s te d
i n it s ir o n a n d ste el in d u s tr ie s.
— Interest .— v

LO ANS-

Rate
When
P rincipal,
P. Ot. Payable.
When Due.
C i t y p r o p e r t y b o n d s, 1 8 7 4
6
J u l y 1, 1 8 9 4
C i t y p a r k b o n d s, 1 8 8 6 ..........
4
J u l y 1, 1 9 0 6
name and purpose .

M u n ic ip a l b o n d s, 1 8 5 4 ....... . . 6
do '
d o (renew.) 1 8 8 0 5
do
do
.................. 4
R e n e w a l b o n d s, 1 8 7 0 ........ .
6
4
do
do
1 8 9 0 ...........

Jan.
Jan.
J u ly
Jan.
Jan.

1,
1,
1,
1,
1,

J
J
J
M
J
J
M
J
J
M

&
&
&
&
&
&
&
&
<fc
&
&
&

J Jan.
J Ja n .
J Ja n .
N N ov.
J Jan.
J J u ly
N N ov.
J J u ly
J J u ly
N N ov.
Jan.
J u ly

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

Street I mprovement B onds
M c C l u r e A v e . re n e w a l, 1 8 8 0
4 *a
do
do
1 8 8 4 .. 4
do
do
1 8 8 1 .. 4
i do
do
1 8 8 3 .. 4
C h a r le s S tre e t re n e w a l, 1 8 8 0
4
do
do
1 8 8 4 .. 4
do
do
1 8 8 1 ..
W a t e r b o n d s, 1872.
do
1873.
do
1874
do
1875.
do
1875.
do
1877.
do
1883.
do
1886.
do
1884.
do
1887.
do
1889.
W h a r f r e n e w a l b o n d s, 1 8 8 9 .!. 4

A m ount
Outstand­
ing.
$ 3 0 ,0 0 0
1 5 .0 0 0
3 .0 0 0
2 7 .0 0 0
1 3 .0 0 0

1874
1885
1906
1890
1910
1895
1896
1903
1900
1901
1901
1901
1902
1903
1903
1904
1917

Sew er B onds :—

S e w e r a g e (g o ld in te re st) 1 8 7 5 6
O *d o
do
1876 6
R e n e w a l, 1 8 8 3 ...................... 413
R e f u n d in g re n e w a l, 1880 ______ 4*2
R e n e w a l, 1 8 8 1 .................
4
do
1 8 8 1 .................. . . . I 4
R e f u n d in g re n e w a l, 1 8 8 1 ....... 4
4
R e n e w a l, 1 8 8 2 ...............
do
1 8 8 3 ...................... 1 4
R e f u n d in g re n e w a l, 1 8 8 3 ....... 4
R e n e w a l, 1 8 8 4 ...................... 4
S e w e r a g e b o n d s, 1 8 8 7 ............’ 4

&
&

&
&
&
&
&
&
&
&
&
&
&
&
&
& O

J u ly
J u ly
J u ly
J u ly
J u ly
J u ly
J u ly
J u ly
J u ly
J u ly
Jan.
J u ly
J u ly
J u ly
J u ly
A p r.
J u ly
Jan.
J u ly

1, 1 9 0 0
1, 1 8 9 4
1, 1 9 0 1
1, 1 9 0 3
1, 1 9 0 0
1, 1 8 9 4
1, 1 9 0 1
1, 1 8 9 2
1, 1 8 9 3
1, 1 8 9 4
1, 1 8 9 5
1, 1 8 9 5
1, 1 8 9 7
1, 1 9 0 3
1, 1 9 0 6
1, 1 9 1 4
1, 1 9 1 7
1, 1 9 1 9
1, 1 9 0 7

10.000
1 1 7 ,0 0 0
4 0 .0 0 0
2 2 .0 0 0
8 .0 0 0

T O T A L D EBT , ETC.— T h e t o t a l fu n d e d d e b t ( in c lu d in g w a t e r debt)
o n M a y 1 , 1 8 9 1 , w a s $ 4 1 2 , 1 8 0 ; s in k in g f u n d a s se ts $ 1 2 , 0 0 0 ; n e t d e b t
$ 4 0 0 , 1 8 0 ; w a t e r d e b t $ 1 1 0 , 2 0 0 ; f lo a t in g d e b t $ 1 5 ,6 1 1 . I n 1 8 8 0 th e
t o t a l fu n d e d d e b t w a s $ 4 5 3 , 6 2 5 ; s in k in g f u n d a s se ts $ 4 0 , 1 2 2 ; flo a t in g
d e b t $ 1 6 ,9 4 0 . '
A ll e n t o w n o w n s p r o p e r t y v a lu e d a t $ 5 0 7 ,1 7 8 .

P O P U L A T IO N — T h e p o p u la t io n i n 1 8 9 0 w a s $ 2 5 , 2 2 8 ; i n 1 8 8 0 w a s
1 8 , 0 6 3 ; i n 1 8 7 0 w a s 1 3,884.

20,000
5 0 .0 0 0
7 ,0 0 0
7 5 .0 0 0
5 0 .0 0 0
1 3 .0 0 0
1 3 .0 0 0
1 3 .0 0 0
1 3 .0 0 0
1 8 .0 0 0
1 3 .0 0 0
1 8 .0 0 0

20.000
1 3 2 .0 0 0

100.000
1 7 5 ,0 0 0
2 8 ,0 0 0

A L T O O N A . — T heo. B urchfield , Major
T h is c it y i s in B l a i r C o u n ty .
. _
- Interest .— ,
—

LO A N S—

Rate
When
P. Ot. Payable.
Im p r o v e m e n t b o n d s . . . . ....... . 4
J & j
W a t e r bonds
........................ 4
J & j

c it y ’s a s se ss e d v a lu a t io n
o f 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 fo llo w s :

(a b o u t

$ 1 5 0 ,0 0 0
2 5 9 ,0 0 0
T h e t o t a l m u n ic ip a l d e b t o n A p r i l 1 ,1 8 9 1 ,
w a s $ 4 7 6 , 0 0 0 ; s in k in g fu n d , $ 2 , 5 6 6 ; n e t debt, $ 4 7 3 , 4 3 4 ; flo a t in g
d e b t (in c lu d e d i n t o t a l debt), $ 6 7 ,0 0 0 .
TAX

F R E E . — T h e b o n d s o f t h is c it y a re e x e m p t f r o m t a x a tio n .

C I T Y P R O P E R T Y — T h e e s tim a te d v a lu e o f r e a l e sta te a n d p e r s o n a l
p r o p e r t y o w n e d b y the c it y J a n u a r y 1 , 1 8 9 0 , w a s $ 7 2 2 ,1 2 8 .
A S S E S S E D V A L U A T I O N . — I n 1 8 9 1 th e a s se ss e d v a lu a t io n o f r e a l
e sta te (a b o u t % o f r e a l v a lu e ) w a s $ 1 3 , 1 4 5 , 0 0 0 ; p e r s o n a l p ro p e r ty ,
n o t a s s e s s e d ; co u n ty , c it y a n d s c h o o l t a x r a te (p e r $ 1 ,000 ), $ 1 7 -0 0 .
I n 1 8 8 0 t o t a l a s se ss e d v a lu a t i o n w a s $ 1 ,9 4 3 ,9 6 2 ; t a x ra te (p e r $ 1 ,0 0 0 )
$ 4 1 -5 0 .
«
'
P O P U L A T I O N . — T h e p o p u la t io n i n 1 8 9 0 w a s 3 0 ,3 3 7 ; i n 1 8 8 0 it w a s
1 9 ,7 1 0 ; i n 1 8 7 0 it w a s 1 0,610.

A R C H B A L D . — J. J.

W il l
T h is b o r o u g h is i n L a c k a w a n n a C o u n ty .

LO A N S—
When Due.
6 s, J & J , $ 6 0 0 , 0 0 0 ......................
In t e r e s t p a y a b le i n A rc lib a id .

A R M ST R O N G

C O . —G. H .

LOANS.—
W hen Due.
B ridget B onds—
3 ^28, M a r., $ 4 6 , 0 0 0 . . . M a r . 1 , 1 8 9 2
($ 6 ,0 0 0 y e a rly ) to M a r . 1 , 1 8 9 9

3 *28, A p r., $ 1 0 , 0 0 0 . . . A p r . 1 , 1 8 9 3
Jail B onds—

4s, va r., $ 2 1 , 6 4 9 ........ .

V a r io u s

,

President

F

o s t e r

,

Treasurer.

In t e r e s t p a y a b le i n K it t a n n in g .
A l l b o n d s e x e m p t f r o m ta x a tio n .
T o t a l deb t A u g . 1 , 1 8 9 1 ... $ 7 7 , 6 4 9
T a x v a lu a t io n 1 8 9 1 . . . .$ 8 ,7 6 5 ,3 4 6
S ta te a n d co. t a x p e r $ l, 0 0 0 . $ 1 0 - 5 0
P o p u la t io n i n 1 8 9 0 w a s . . 4 6 , 7 4 7
P o p u la t io n in 1 8 8 0 w a s ___ 4 7 ,6 4 1

$ 1 ,3 3 9 ,5 2 5
$ 5 0 ,2 9 9 ,5 5 0
$ 1 3 -7 7
A S H L A N D .—
..................................... 4 1 ,1 5 7 ,4 9 6 1 9 -4 0 T h is b o r o u g h is i n S c h u y l k i ll C o u n t y .
1 8 8 0 it w a s

: LO ANS-

When Due.

Street B onds-

Valuation, etc .—
T o t a l d e b t i n 1 8 9 0 ......... $ 7 7 , 1 0 0
T a x v a lu a t io n in 1 8 9 1 . . . 1 ,3 5 0 ,0 0 0
P o p u la t io n in 1 8 9 0 w a s .........7 ,3 4 6
P o p u la t io n i n 1 8 8 0 w a s ....... 6 ,0 5 2

W ater B onds—

C O . — W illiam H ill , Treas.

P it t s b u r g h is th e c o u n t y seat.

„ LO ANS-

When Due.
Court H ouse B onds—
4s, J & J , $ 3 0 0 ,0 0 0 . . . J u ly 1 , 1 9 0 8
3 *28, A & O , 5 0 0 , 0 0 0 . . . Oct. 1 , 1 9 0 6

6 s, A & O , $ 2 0 , 0 0 0 ..... Oct. 1, 1 8 9 1
4s, A & O , 2 8 , 1 0 0 ..... O ct. 1 , 1 8 9 6
In t . p a y a b le i n A s h la n d & P h ila .

R iot B onds58, J & J , $ 1 , 4 2 4 ,9 3 9 ...Ja n .
4s, J & J ,
1 0 5 ,0 0 0 .. .Ja n .
4s, J & J , 1 ,1 2 5 ,5 0 0 ...Ja n .
3 -8 s,J & J , 6 2 3 ,0 0 0 ... J u l y

1 ,1 9 1 3
1, 1 9 0 0
1, 1 9 0 6
1 ,1 8 9 5

PAR VA LU E.— Bonds are for $1,000 and $10,000.
• N T F R E S T o n the 5 p e r ce n t r io t b o n d s is p a y a b le at t h e C o m m e r c ia l
N a t io n a l B a n k , P h ila d e ip h ia ; o n the 4 p e r ce n t r io t b o n d s in te re st is
tbe, C " u n t y M e a s u r e r a n d a t the office o f T o w n s e n d , W lie le n

° th&T b ° n d s in te re st ls P a y a b le b y th e C o u n t y

0 n January !> 1 8 9 1 , w a s $ 4 ,0 7 8 ,6 1 3 . T h e t o t a l r e v ­
e n u e f r o m t a x a t io n a n d o th e r so u rc e s in 1 8 9 0 w a s $ 2 ,2 3 8 ,1 4 4 .
T A X V A L U A T I O N in 1 8 9 0 o f real estate was $ 2 5 4 ,7 1 6 ,5 6 2 : o f Der4 5 0 & i P r 0 p e rt ^ ’ $ 2 » 6 1 3 ,8 0 2 ; occupation, $ 2 0 ,0 8 9 ,9 5 0 ; total, $ 2 7 7 ,3
P O P U L A T I O N i n 1 8 9 0 w a s 5 5 1 ,9 5 9 ; in 1 8 8 0 it w a s 3 5 5 ,8 6 9 .

A L L E N T O W N . — Samuel D. L ehr , Mayor.
A lle n t o w n , th e c o u n t y se a t o f L e h ig h C o u n t y , w a s fir s t la id o u t a s a
t o w n m 1 7 6 2 . T h e c it y o w e s it s p r o s p e r it y i n g r e a t m e a s u r e to the
fe rtile a g r ic u lt u r a l c o u n t ry , a b o u n d in g i n b e d s o f ir o n ore, lim e sto n e
a n d r o o f in g slate, w h ic h i s t r ib u t a r y to it.




ia m s

T a x v a lu a t io n i n 1 8 8 0 . . . .$ 3 2 8 , 2 2 8
P o p u la t io n i n 1 8 9 0 w a s ....... 4 ,0 3 2
P o p u la t io n i n 1 8 8 0 w a s ___ ..3 ,0 4 9

K it t a n n in g is th e c o u n t y seat.

48, J a n . 3, $ 2 9 , 0 0 0 . . . J a n . 3 , 1 8 9 9

T r e a s u r e r 1 l y P lU a 5 °n
^

1 9 0 1 to 1 9 0 6
1 9 0 1 to 1 9 0 6

Total Assessed Rate o f Tax
Valuation, p e r $ 1 ,0 0 0

'78FS 9 U L ^ X l n ^ “ I n
1890 p 0 p u la t io n w a s 1 0 5 .2 8 7 ; i n
7 8 ,6 8 2 ; m 1 8 7 0 it w a s 5 3 ,1 8 0 .

A L L E G H E N Y

A m ount
Outstand­
ing.

T O T A L DEBT, E t c .

( P a r t y e a rly ) to A p r . 1 , 1 8 9 7

A S S E S S E D V A LU A T IO N .— T h e

P rincipal,
When Due.

NAME AND PURPOSE.

100,000
1 5 0 .0 0 0
7 5 .0 0 0
4 0 .0 0 0
3 5 .0 0 0
4 0 .0 0 0
6 4 .0 0 0

W A T E R W O RKS. T h e t o t a l v a lu e o f the w a t e r d e p a r tm e n t p r o p ­
e r t y is e stim a te d a t $ 1 ,7 9 9 ,6 4 2 .

Years,

11.000

6 9 ,2 0 0
3 0 ,0 0 0
PA Y A BLE .— In t e r e s t is p a y a b le a t t h e office

1 8 ,5 0 0
6 2 ,0 0 0
8 ,0 0 0

1889.
T o t a l fu n d e d d e b t (in c lu d in g w a t e r d e b t )
$1 7 6 9 ° 5 0 0
$ 1 ,7 8 8 ,0 0 0
S i n k i n g f u n d s ..............................................v 2 6 0 ,5 1 3
________
2 6 7 ,4 4 3
N e t d e b t o n ----W o+
^ 1+
$ 1 ,5 0 8 ,9 8 7
$ 1 ^ 5 2 0 ,5 5 7
$ 1 ,0 5 7 ,5 0 0
W ^ ® r d e b t " , .........- - - - - - .........................$ 1 ,0 3 1 ,0 0 0
T h e g r o s s in c o m e o f th e s in k in g f u n d c o m m is s io n d u r in g th e y e a r
e n d in g M a r c h 1 , 1 8 9 0 , w a s $ 8 6 ,2 1 6 . T h e d is b u r s m e n t s f o r the sa m e
p e r io d w e re $ 6 3 ,2 0 3 , m a in l y fo r the r e d e m p tio n o f m a tu re d b o n d s a n d
f o r t h e p u r c h a s e o f n e w b o n d s o f th e city.

1 8 9 0 .............$ 4 8 ,9 6 0 ,0 2 5
1 8 8 0 ...............

IN T E R E S T — W H E R E

$ 2 1 ,0 0 0
500
2 4 .0 0 0
2 8 .5 0 0
2 1 ,6 8 0
1 3 ,6 0 0
1 1 ,3 0 0
3 1 .5 0 0
4 0 .0 0 0
5 9 ,9 0 0
5 0 .0 0 0

A S S E S S E D V A LU A T IO N . — I n 1 8 9 1 the t o t a l a s se ss e d v a lu a t i o n w a s
$ 1 4 ,6 8 9 , 6 0 5 ; i n 1 8 8 0 it w a s $ 8 ,3 4 0 ,1 7 6 . T h e c it y t a x p r o p e r (p e r
$ 1 ,0 0 0 ) i n 1 8 9 1 w a s $5-00.

-T h e s u b jo in e d sta te m e n t
s h o w s A lle g h e n y ’s t o t a l fu n d e d debt, the s i n k i n g f u n d h e ld by T h e ^ i t v
a g a in s t th e sam e, a n d th e w a t e r debt, o n th e firs t o f M a r c h o f e a c h o f
th e la s t t w o y e a rs.

Personal
Property.

1897
J & J
.. . . . . 1 8 9 8
J & J
1899
J & J
1900
v.a r i o u s
1893
...........1 8 9 9
A &O
A &O
...........1 9 0 1
J &J
........... 1 9 0 2
J &J
........... 1 9 0 3
J &J
........... 1 9 0 4
1907
J
....... 1 8 9 7
A & O
1899
J & J
1903

do
do
do
do
do
do
do
do
do
do
7
W a t e r b o n d s ___ * ......... , ........
do
...................... ! ” 5
do
........................... 4
o f th e C i t y T re a su r e r .

A m ount
Outstand­
ing.

P rincip al,
When Due.

20,000

PAR V A L U E O F BO NDS.—
IN T E R E S T — W H E R E PAYABLE.—
T O T A L D EBT , S IN K IN G FUNDS, E t c

Real Estate <£
Improvements,

-— Interest .— ,

LO ANS-

NAME AND PURPOSE.

B E A V E R

F A L L S . - -S. 0. Gormley , Mayor.

T h is b o r o u g h is i n B e a v e r C o u n ty,
_ LO A N S —
When Due.

B orough B onds-

68, ...., $13,550.......
4 s , . . . . , 3 9 , 6 0 0 ...............
4s,
, 15,000....... Juiy,’ 1890
5s,
8 ,0 0 0 ......... Sept., 1 8 9 1
In t e r e s t p a y a b le in B e a v e r F a lls .

Valuation, etc .—
T o t a l d e b t i n 1 8 9 0 .......
$ 7 6 ,1 5 0
T a x v a lu a t io n 1 8 9 0 ...... 3 , 9 3 2 ,0 6 2
P o p u la t io n i n 1 8 9 0 w a s ....... 9,735
P o p u la t io n i n 1 8 8 0 w a s ....... 5 , 1 0 4

B E L L E F O N T E . — I. M itchell, City Clerk.
T h is b o r o u g h is i n C e n te r C o u n t y .

When Due. In t . p a y a b le i n B e lle fo n te & P h ila .
■a a
7
7?» „ T
4 s, J

,
,
$ ” 3 , 6 0 0 ..... A p r . 1,
2 9 , 1 7 5 ...... A p r . 1.

B L A IR

T o t a l deb t i n 1 8 9 0 ........... $ 1 1 8 , 7 7 5
1 8 9 3 T a x v a lu a t io n 1 8 9 1 .........1 ,0 0 0 ,0 0 0
1 8 9 3 P o p u la t io n i n 1 8 9 0 w a s .........3 ,9 4 6

C O U N T Y .—

C o u n t y se a t is H o llid a y s b u r g h .

” LO AN S—
,

County B onds—

When Due,

4 s & 5s, J & J , $ 1 0 3 , 0 0 0 .................
In t e r e s t p a y a b le a t Co. T re a s. office

Valuation, etc .—
T a x v a lu a t io n 1 8 9 1 .. .$ 2 7 ,3 9 2 ,9 5 2
P o p u la t io n i n 1 8 9 0 w a s .
7 0 ,8 6 6
P o p u l a t io n in 1 8 8 0 -w a s ......5 2 , 7 4 0

Vol. LIIL
,— Interest .— ,

B L O O M S B U R G . — P eter H arm an , Mayor.
B lo o m s b u r g i s i n C o lu m b ia C o u n ty .
LOANS —
When Due. In t e r e s t is p a y a b le in B lo o m s b u r g .
T o t a l d e b t M c h . 1 ,1 8 9 1 .
$ 3 2 ,6 3 0
T ow n B onds—
5s, F & A , $ 1 0 ,1 5 0 , p a r t y e a r l y T a x v a lu a t io n 1 8 9 0 ---- 1 ,5 0 5 ,0 7 0
T a x r a te (p er $ 1 ,0 0 0 )..
$6^60
to A u g . 1 , 1 9 0 8
4*28, F & A , $ 2 2 ,4 8 0 , p a r t y e a r ly P o p u la t io n i n 1 8 9 0 w a s ....... 4 ,6 6 0
P o p u la t io n i n 1 8 8 0 w a s ....... 3 ,7 0 2
to A u g . 1 , 1 9 0 8

B U C K S

County B onds-

48, A & O , $ 3 0 , 0 0 0 ......O ct. 1,
($ 1 0 ,0 0 0 ye a rly.)

C A M B R IA

N A M E A N D PU RPO SE.

LOANS—

When Due.

County B onds—
4 s, J & J , $ 4 0 , 0 0 0 . .........................
In t e r e s t p a y a b le i n J o b n s to w n .

J & J

1 9 1 1 — p r iv ile g e )
to r e c a ll aft. 1 9 0 1 >

*$76,980

* T h e B o r o u g h p a y s t h e S ta t e ta x .

INTEREST _WHERE PAYABLE.— In t e r e s t i s p a y a b le a t th e office
o f T o w n s e n d , W h e la n & Co., P h ila d e lp h ia , P a .
y Q-pA|_ DEBT E t c .—T h e t o t a l fu n d e d d e b t o n M a y 1 , 1 8 9 1 , w as-

I n t ’s t p a id b y D o y le s t o w n N a t. B ’k
T a x v a lu a t io n m 1 8 9 0 ...... $^-*->243
Population in 1 8 9 0 was......7 0 ,6 1 5
Population in 1 8 8 0 was ......6 8 ,6 5 6

s tru c tio n , $ 6 0 ,0 0 0 .

e sta te w a s $ 1 ,2 9 2 ,3 7 0 ; o f p e r s o n a l p ro p e r ty , in c l u d in g o c c u p a t io n s ,
$ 1 4 8 ,7 1 5 ; tota l, $ 1 ,4 4 1 ,0 8 5 ; t a x r a te (p er $ 1 ,0 0 0 ), $ 1 7 . I n 1 8 8 9 t o t a l
a s se ss e d v a lu a t io n w a s $ 1 ,3 2 2 ,0 3 5 ; i n 1 8 8 0 it w a s $ 1 ,3 5 3 ,8 6 9 .
POPULATION.— T h e p o p u la t io n i n 1 8 9 0 w a s 3,8 0 0 ; i n 1 8 8 0 it w as2 ,7 6 6 ; in 1 8 7 0 it w a s 2,025.

Valuation, e tc —
.
T a x v a lu a t io n 1 8 8 0 ...... $ 2 ,5 1 7 ,9 6 6
P o p u la t io n i n 1 8 9 0 w a s ......6 6 ,3 7 5
P o p u la t io n i n 1 8 8 0 w a s ......4 6 ,8 1 1

C O L U M B I A . — S. A . B ockus, City Clerk.
A n im p o r t a n t lu m b e r m a r k e t i n L a n c a s t e r C o u n t y o n th e b a n k s o f
th e S u s q u e h a n n a R i v e r a n d o n t h e C o lu m b ia b r a n c h o f th e P e n n s y l v a ­
n ia R a ilr o a d . S e v e r a l m a n u fa c t o rie s o f m a c h in e r y a n d r a ilr o a d i r o n

C A R L I S L E . — J. G. H eiser , City Clerk.
C a r lis le i s i n C u m b e r la n d C o u n ty .
LO AN S—
When Due.
6s, J & J ,
$ 1 8 , 0 0 0 .... J a n . 1 , 1 8 9 4
5s, A & O ,
1 8 , 0 0 0 .... A p r . 1 , 1 8 9 3
5s, J & J ,
7 , 4 0 0 .... J u l y 1 , 1 8 9 4
5 s, J & J ,
5 0 0 .....J u l y 1 , 1 8 9 5
5s, J & J ,
* 1 8 , 3 0 0 .....Ja n . 1 , 1 9 0 0
4 s, J & J ,
' 3 , 4 0 0 .....J a n . 1 , 1 8 9 7
* O p t io n a l— 6 0 d a y s notice.

•

ASSESSED VALUATION.—I n 1 8 9 0 th e a s se ss e d v a lu a t i o n o f r e a l

C O U N T Y .—

C o u n t y se a t is E b e n s b u r g .

4

R e f u n d in g b o n d s .............

A m ount
Outstanding.

$ 7 6 ,9 8 0 ; f lo a t in g debt, $ 7 ,0 0 0 .
W AT E R W O R KS.— T h e B o r o u g h o w n s it s w a t e r w o r k s ; c o st o f co n ­

C O U N T Y .-

C o u n t y se a t is D o y le s t o w n .
LOANS—
“
When Due.

P rincipal,
When Due.

Bate
When
P. Ct. Payable

LOANS-

in te r e st ___

a re lo c a te d a t t h is p la ce.

In t e r e s t p a id b y C a r lis le D e p . B k .
T o t a l d eb t M c b . 9 , 1 8 9 1 . . $ 6 5 , 6 0 0
5 ,4 3 5
S in k in g f u n d .................
N e t d e b t ...................... 6 0 ,1 7 5
T a x v a lu a t io n 1 8 9 0 .......
T a x ra te p e r $ 1 , 0 0 0 .......
$ i% S S
P o p u la t io n 1 8 9 0 w a s ....
7 ,6 2 0
P o p u la t io n 1 8 8 0 w a s ---6 ,2 0 9

C A T A S A U Q U A . - T . W . J ones, Mayor.

PH ncipal,
When Due.

A m ount
Outstand­
in g.

1899
1902 & 1904

$ 1 0 ,0 0 0
1 2 8 ,0 0 0

Rate
When
p - Gt- Payable.

I OAN^
N A M E A N D PU RPO SE.

F u n d i n g b o n d s ......................
Im p r o v e m e n t b o n d s .......... .

5
4

J & J
A & u

-t-q -T A l . DEBT E t c .— T h e t o t a l fu n d e d d e b t o n J a n u a r y 1 , 1 8 9 1 ,
w a s $ 1 5 0 ,0 0 0 ; s in k in g f u n d a sse ts, $ 1 5 ,0 0 0 ; n e t debt, $ 1 3 5 ,0 0 0 .
ASSESSED V ALU ATIO N —I n 1 8 9 0 th e a s se ss e d v a lu a t io n o f r e a l
e sta te w a s $ 2 ,5 0 0 ,0 0 0 ; o f p e r s o n a l p ro p e rty , $ 1 4 0 ,0 0 0 ; to ta l, $ 2 ,6 4 0 ,0 0 0 ; t a x r a te (p er $ 1 ,0 0 0 ), $ 1 4 -5 0 . I n 1 8 8 0 t o t a l a s se ss e d v a lu a t io n
w a s $ 2 ,7 2 4 ,6 6 0 .

POPULATION.—T h e p o p u la t io n i n 1 8 9 0 w a s 1 0 ,5 9 9 ; i n 1 8 8 0 w a s

C a t a s a u q u a is i n L e h ig b C o u n ty .
LOANS —
When Due

T o t a l debt, M a r c ii 1, ’9 1 . $ 3 3 , 0 0 0
T a x v a lu a tio n , 1 8 9 0 ......1 , 3 5 8 ,0 4 0
P o p u la t io n i n 1 8 9 0 w a s ....... 3 ,7 0 4

R efunding B onds—

4 s, A & O , $ 3 3 , 0 0 0 ...... M a y 1 , 1 9 0 9

8 ,3 1 2 ; i n 1 8 7 0 w a s 6,461.

C O N S H O H O C K E N . — J ohn M urray , Mayor.

(Borough.)— E. J. B lack ,

C H A M B E R SB U R G

Treasurer.
T h e c a p it a l o f F r a n k l i n C o u n t y , o n th e lin e o f th e C u m b e r la n d V a l ­
le y R a ilr o a d , w h o s e s h o p s a re lo c a t e d here, a s a ls o a n u m b e r o f o t h e r

interest . .
Bate
When
P. Gt. Payable.

m a n u fa c to rie s.
i fiiw c
NAME AND P U R P O S E .

iM & r 4....... i *
8

If o

^

P rincipal,
When Due.

St i: 83
ij P

A m ount
Outstand%ng.

11

w a s $ 8 8 , 5 0 0 ; w a t e r debt, $ 3 2 ,0 0 0 .
A S S E S S E D V A L U A T I O N — I n 1 8 9 1 th e t o t a l a sse sse d v a lu a t io n w a s
$ 1 ,9 9 3 ,8 7 5 ; i n 1 8 9 0 it w a s $ 1 ,8 9 0 ,2 7 6 ; t a x ra te (p er $ 1 ,0 0 0 ), $ 2 1 -0 0 .
R e a l e sta te is a s se ss e d a t “ a b o u t t w o -t h ird s o f it s a c t u a l v a lu e .” I n
1 8 8 9 t o t a l a s se ss e d v a lu a t io n w a s $ 1 ,8 5 2 ,8 5 5 ; i n 1 8 8 0 it w a s
$ 1 ,8 0 9 ,3 5 3 .
P O P U L A T I O N — T h e p o p u la t io n in 1 8 9 0 w a s 7 ,8 6 3 ; i n 1 8 8 0 it w a s
6 , 8 7 7 ; i n 1 8 7 0 it w a s 6,308.

S it u a t e d i n D e la w a r e C o u n t y , o n t h e D e la w a r e R iv e r , 1 5 m ile s b e lo w
P h ila d e lp h ia . T h e s h ip y a r d s o f J o h n R o a c h , e m p lo y in g 2 ,0 0 0 m e n ,
a re lo c a t e d here.
in te r e s t .— .
A m ount
l OANR_
Bate
When
P rincip al,
OutstandNAME AND P U R P O S E .
P. Ot. Payable.
When Due.
%ng.
P it v b o n d s
- 6
J & J
1 8 9 1 , 1 8 9 6 & >98
$ 5 1 ,5 0 0
°
d S ..................
5
J & J
1 8 9 5 ,’9 7 ,’9 8 & ’9 9
2 4 2 ,5 0 0
.....................
4
J & J
1897
1 1 ,0 0 0
do
4
J & J
1 9 0 1 -1 9 0 4
1 7 8 ,0 0 0
T O T A L D E B T , ETC.—T h e t o t a l fu n d e d d e b t o n J a n u a r y 1 , 1 8 9 0 ,
w a s $ 4 8 3 ,0 0 0 .
.
.
,
A S S E S S E D V A L U A T IO N .— I n 1 8 8 9 th e a s se ss e d v a lu a t i o n o f r e a l
e sta te w a s $ 8 ,2 7 1 ,0 6 1 ;
o f p e r s o n a l p ro p e r ty , $ 3 5 , 3 8 5 ; tota l,
$ 8 ,3 0 6 ,4 4 6 . T a x r a t e (p er $ 1 ,0 0 0 ), $ 1 0 -0 0 . I n 1 8 8 0 t o t a l a sse sse d
v a lu a t i o n w a s $ 6 ,2 1 7 ,5 7 6 .
.
P O P U L A T I O N . — T h e p o p u la t io n in 1 8 9 0 w a s 2 0 , 2 2 6 ; i n 1 8 8 0 it
w a s 1 4 , 9 9 7 ; i n 1 8 7 0 it w a s 9 ,4 8 5 .

C O U N T Y . — R obert L.

H ayes ,

Treasurer.
T h e c o u n t y se a t is W e s t C hester.
Tax valuation in 1891abt$500,000
30U L O A N S —
SC
When Due. I Tax rate (per $1,000).........
2-50

C ou nty C e r tifica t es —

$ 8 1 ,3 0 0

Population in 1890 was— 89,377
Population in 1880 was— 83,481

C O A T E S V I L L E (Borough.)— J ohn Speakm an ,
Burgers.

*

Situated in Chester County on Brandywine Creek, about centrally
located between Philadelphia, Reading and Wilmington, a o w ic
cities it is connected with by railroads.




T h is c it y is i n E r i e C o u n ty .

When Due.

R efunding B onds4128, J & J $ 1 3 , 0 0 0 . . . . J u ly 1 , 1 9 1 0
S u b je c t to c a ll J u l y 1 , 1 8 9 5

F unded D ebt—
6s,

....... $ 1 0 9 , 0 0 0 .......................
S u b je ct to c a ll a t a n y tim e.
In t e r e s t p a id i n C o r r y a n d N . Y .

T o t a l d eb t A u g . 1 , 1 8 9 1 . $ 1 2 2 ,000S i n k i n g f u n d s ............
6 ,0 0 0
1 1 6 ,0 0 0
N fit dftbt. ..................
T a x v a lu a t io n 1 8 9 0 ..... 1 , 3 5 0 ,0 0 0
$ 2 9 -5 0
T o t a l t a x (p e r $ 1 ,0 0 0 )..
5 ,6 7 7
P o p u la t io n 1 8 9 0 w a s :
5,277"
P o p u la t io n 1 8 8 0 w a s.

Refunding bonds are tax free.

C R A W F O R D

C O U N T Y .—

C o u n t y se a t is M e a d v ille .

LOANS—

W hen Hue.

C ounty B onds—
4s; D e c. 31, $ 1 2 7 , 0 0 0 . . . .
:
In t e r e s t p a y a b le i n M e a d v ille .

Valuation, etc.

T a x v a lu a t ’n ’9 1 a b o u t.$ 1 8 ,0 0 0 , 0 0 0
P o p u la t io n i n 1 8 9 0 w a s . . . . 6 5 ,3 2 4
P o p u la t io n i n 1 8 8 0 w a s . . . . 6 8 ,6 0 7

D A N V I L L E . — Samuel S. G ulick , Burgess

C H E S T E R . — J. R. T . Coates, Mayor.

4 s, A & O , $ 8 1 , 3 0 0 . . . . . . .
T o t a l deb t J a n . 5, 1 8 9 1 —

C O R R Y . - J . M. L ambing , Mayor.
LOANS—

T h e se is s u e s a re a ll su b je c t to a S ta t e t a x o f th re e m ills, b u t t h e
b o r o u g h p a y s a ll t a x e s o n th e 4 p e r ce n t w a t e r b on d s.
I N T E R E S T — W H E R E P A Y A B L E — In t e r e s t is p a y a b le b y th e C it y
T r e a s u r e r a n d a t th e N a t io n a l B a n k o f C h a m b e r s b u r g .
D E B T , E t c .— T h e t o t a l fu n d e d d e b t o n J a n u a r y 1 , 1 8 9 1 ,

C H E STE R

T h is p la c e is i n M o n t g o m e r y C o u n ty .
T a x v a lu a t io n 1 8 9 0 . . . $ 2 ,2 0 0 ^ 0 0 0
LOANS —
When Due.
T a x ra te p e r $ 1 , 0 0 0 ...
$ 6 '5 0
G eneral I mprovement P o p u la t io n i n 1 8 9 0 w a s .......5 ,4 7 0
58, J & J , $ 4 0 , 5 0 0 ..............
P o p u la t io n i n 1 8 8 0 w a s .......4 ,5 6 1
T o t a l d e b t A p r i l 1 , 1 8 9 1 . . .$ 4 0 ,5 0 0

T h is b o r o u g h is i n M o n t o u r C o u n t y
debt n 8
- ••
LOANS —
When Due. T o t a l a lu a tiio n1 m9 0 8 .... . . . $ 1 3 1 , 4 0 0 Tax v
1 80.
8 8 2 ,8 0 4
W ater B ondsPopulation in 1 8 9 0 was ...... 7 , 9 9 8
48, J & J , $ 1 1 7 , 7 0 0 .....................
Population in 1 8 8 0 was ...... 8,34t>

B orough B onds—

.......
4s, A & O , $ 1 3 , 7 0 0 . . ......
In t e r e s t p a y a b le i n D a n v ille .

D A U P H IN

C O U N T Y . — George H .

Grove*

Treasurer.
C o u n t v se a t is H a r r is b u r g .
,
D a u p h in C o u n t y is i n t h e S. E . c e n t r a l p a r t o f th e State. I t is in t e r ­
sected b y t h e P e n n s y l v a n ia a n d s e v e r a l o th e r ra ilr o a d s . H a r r i s b u r g m
it s c a p ita l.
i aam

g

___Interest. ___,
'Bate
When

_

na MeL ° d N ? rpos E.
a
p

.? • * * » »

P rincipal,

A m ount
Outstand-

m mSS*

- i»

C o u n t y b o n d s ..........................................
; ...... .
*Vvt
— — a l D E B T E t c .— T h e t o t a l fu n d e d d e b t o n J a n u a r y 1 ,1 8 9 1 » .
j-Q t
w a s $ 2 0 2 , 0 0 0 ; t e m p o r a r y lo a n , u n p a id b ills, etc. $ 4 7 ,6 5 4 , m a k in g t o t a l
d e b t o f c o u n t y $ 2 4 9 ,6 5 4 , w it h a b o u t $ 1 5 ,0 0 0 c a s h i n h a n d s o f T r e a s u r e r
a n d o u t s t a n d in g t a x e s .
A S S E S S E D V A L U A T IO N .— In

..
1 8 8 9 t h e t o t a l a s se ss e d v a lu a t io n

w a s $50,085,262. Tax rate (per $1,000) $ ....... In 1880 the total
assessed valuation was $16,227,445.

P O P U L A T I O N . — T h e p o p u la t io n i n 1 8 9 0 w a s 9 6 , 9 7 7 m 1 8 8 0 w a s
7 6 ,1 4 8 , i n 1 8 7 0 w a s $ 6 0 ,7 4 0 .

D E L A W A R E

C O U N T Y ,

C o u n t y se a t i s M e d ia .
LOANS —
When Due.

County B onds—

¿isÉL

4s, A & O , $ 4 4 8 , 0 0 0 ---- O ct. 6 , 1 9 0 6
In t e r e s t p a y a b le i n M e d ia .

Valuation, etc.

T a x valuation 1890 ...$ 41 ,5 78 ,7 60

Population 1890..........
do
1880........

74,68356,101.

LOANS—

E a s t o n , th e se a t o f L a f a y e t t e C ollege, is s itu a t e d i n N o r t h a m p t o n
C o u n t y o n t h e D e la w a r e R i v e r a t th e m o u t h o f th e L e h ig h ,
« Interest .— ,
—
A m ou nt

LOANS—

Rale
When
P. Ot. Payable,

N A M E A N D PU RPO SE.

P rincipal,
When Due.

4

TOTAL DEBT, Etc.—T h e t o t a l m u n ic ip a l d e b t o n A p r i l 1st, 1 8 9 1 ,
w a s $ 2 5 0 ,0 0 0 ; s in k in g f u n d a sse ts, $ 5 , 0 0 0 ; n e t debt, $ 2 4 5 , 0 0 0 ; sc h o o l
b o a r d debt, $ 7 0 ,0 0 0 .
T A X F R E E . — A l l lo a n s o f t h is c it y a re e x e m p t f r o m t a x a tio n ,

CITY PROPERTY—T h e c it y o w n s it s e le c tric -lig h t p la n t.
WATER WORKS—T h e w a t e r w o r k s a re o w n e d b y th e L e h ig h

W ater

C om pany.

,-

P ate

When

P rincipal,
When Due.
$ J a n . 1 to D e c . 1 , 1 8 9 2 )
(
p a r t e a c h m o n th .
5

$ 2 3 ,5 0 0 -

Jan. M c h .,A p r.& M a y ,1893
J u l y 1, 1 8 9 3
J a n . 1 , 1 8 9 4 , ’9 5 & '9 6
J u l y 1, 1 8 9 4
J u l y 1, 1 9 0 3
J a n . 1, 1 9 0 4
J u l y 1, 1 9 0 4
J a n . 1, 1 8 9 5
J u l y 1 , 1 8 9 5 , ’9 6 & ’9 7
J a n . 1, 1 8 9 6
J a n . l, 1 8 9 7 ,’9 8 ,1 9 0 3 & ’0 4
J u ly 1 ,1 9 0 3 & 1904
J a n . 1 , 1 8 9 8 , ’9 9 & 1 9 0 0
J u n e 1, 1 8 9 9
J u l y 1, 1 9 0 0
J a n . 1, 1 9 0 0

5 8 .5 0 0
1 0 3 ,8 0 0
1 5 ,2 0 0
2 2 ,4 0 0
1 0 0 ,9 0 0
9 1 .5 0 0
7 ,6 0 0
2 4 1 ,2 0 0
8 7 .0 0 0
6 3 .5 0 0
3 7 ,7 0 0
6 ,3 0 0
5 5 .5 0 0
1 3 .5 0 0
7 ,4 0 0
6 0 .0 0 0

N A M E A N D P U R P O S E . P.Ot. Payable.

Outstand­
ing.

1 8 9 1 to 1 9 2 5 ,
Sem i-an .
p a r t e a c h ye a r. £ $ 2 6 0 , 7 0 0
1 8 9 1 to 1 9 2 5 ,
S c h o o l i o a n ...................... 4 S em i-an . ■
7 0 ,0 0 0
p a r t e a c h ye ar. l
INTEREST—WHERE PAYABLE—In t e r e s t is p a y a b le a t th e office
o f t h e C it y T re a su re r.
C it y l o a n .........................

T
n

.

E A S T O N . — W illiam B idelm an , Mayor.

W a t e r b o n d s ..........
do
do
do
do
do
do
do
C it y b o n d s .............
do
do
do
do
do
do
do
do

6

Y a r ’s
Y a r ’s

6

INTEREST—W HERE

PA Y A B L E —In t e r e s t

p a y a b le

by

thn

W e s t e r n N a t io n a l B a n k o f P h ila d e lp h ia .

T O T A L DEBT, SINKING FUND, E t c .— T h e s u b jo in e d s ta t e m e n t
s h o w s H a r r i s b u r g ’s t o t a l m u n ic ip a l debt, th e s i n k i n g f u n d h e ld b y th e
c it y a g a in s t th e sam e , th e w a t e r debt, a n d th e c i t y ’s flo a t in g debt, o n
th e 1 s t o f A p r il , 1 8 9 0 .

ASSESSED VALUATION— I n 1 8 9 1 th e a s se ss e d v a lu a t i o n o f re a l
e sta te (a b o u t % o f a c t u a l v a lu e ) w a s $ 6 ,5 0 0 ,0 0 0 ; o f p e r s o n a l p ro p e r ty ,
$ 3 ,000 ,0 0 0 ; to ta l, $ 9 ,5 0 0 ,0 0 0 ; t a x ra te (p er $ 1 ,0 0 0 ), $ 1 8 -3 0 . I n 1 8 8 9
t o t a l a s se ss e d v a lu a t io n w a s $ 7 ,8 2 1 ,5 7 0 ; i n 1 8 8 0 it w a s $ 7 ,3 6 6 ,4 0 7 .
T h e t a x r a te in 1 8 9 1 w a s c o m p o se d o f : S ta t e t a x , $ 3 '0 0 ; c o u n t y ' t a x
$ 2 -8 0 , a n d c it y t a x $ 1 2 -5 0 .

T o t a l fu n d e d d e b t ( in c lu d in g w a t e r d e b t).............................$1 0 1 9 ° 8 0 0
S i n k i n g f u n d .....................................................................].
$ 4 1 ,5 6 9

POPULATION—T h e p o p u la t io n i n 1 8 9 0 w a s 1 4 ,4 8 1 ; i n 1 8 8 0 it w a s
1 1 , 9 2 4 ; i n 1 8 7 0 it w a s 1 0 )9 7 8 .

W a t e r d e b t .......................................... i
T h e s i n k i n g f u n d re c e iv e s y e a r ly 3 m ills o n th e d o lla r o f th e t a x
le v y .

E R IE .

Charles S. Clarke , Mayor.

eoErie,18 S ltu a te d i n th e c o u n t y o f th e sa m e n a m e o n L a k e E r ie , a b o u t
8 8 m ile s s o u t h w e s t o f B u f fa lo
1 «-\AMfN
'— Interest .— s
A m ount
L ° ANS~
Rate
When
P rincipal,
Outstand­

P. Ot. Payable

N A M E A N D PU RPO SE.

W a t e r b o n d s, 1 8 7 2 ___
7
do
1 8 7 3 ....."!""] 7
_
d 9. • 1 8 7 0 (e xte nd e d) 5
C o n s o lid a t io n , 1 s t s e r ie s ....... 7
do
2 d s e r ie s ....... 6
Im p r o v e m e n t , 3 d s e r ie s ........ 7
-r, a d ,°
,
2 d s e r ie s ....... ] 5
R e f u n d in g , 1 8 8 7 . . . . . .
4
do
1 8 8 9 .............] ! ! " 4

M
M
J
J
J
A
M
J
M

&
&
&
&
&
& O
& N
& J
& S

When Due.

Sep t. 1 ,
Sep t. 1 ,
J u l y 1,
J a n . 1,
J u l y 1,
O ct. 1 ,
N ov. T ,
J a n . 1,
M c h . 1,

1892
1893
1892
1894
1898
1893
1891
1907
1909

ing.

C ITY PR O P E R TY .—T h e c it y o w n s a w a t e r w o r k s a n d o th e r a v a i l ­
a b le a s se ts a m o u n t in g t o a b o u t $ 1 ,6 1 0 ,0 0 0 .
W ATER W O RK S.—T h e c it y ’s w a t e r w o r k s a re v a lu e d a t
$ 1 ,5 0 0 ,0 0 0 , t h e n e t e a r n in g s o f w h ic h fo r th e y e a r 1 8 8 9 , a ft e r d e d u c t ­
i n g c u r r e n t a n d e x t r a o r d in a r y e x p e n se s, w e re $ 3 5 ,8 5 6 .
ASSESSED VALUATION.—The c it y ’s a s se ss e d v a lu a t io n a n d t a x

$ 6 1 ,0 0 0
8 ,0 0 0
* 2 4 ,0 0 0
*4 9 2 , 7 0 0
* 3 5 ,0 0 0
*2 0 , 5 0 0
* 3 9 ,7 0 0
*2 5 6 ,5 0 0
*5 0 , 0 0 0

r a te h a v e b e e n a s f o llo w s :

Total Assessed

Rate o f Tax

Valuation.
p e r $ 1 ,0 0 0 .
...................................................... $ 2 1 ,3 9 6 , 2 4 0
.....
1 8 8 0 ..................... - ................................ 5 ,3 8 4 ,6 2 9
PO P U LA T IO N —I n 1 8 9 0 p o p u la t io n w a s 3 9 , 3 8 5 ; i n 1 8 8 0 it w a s
3 0 , 7 6 2 ; i n 1 8 7 0 it w a s 2 3 ,1 0 4 .
ic o n

w e a lt h f f r o m S t a t e t a x ’ a s a re a11 t>°uds h e ld o u t s id e o f th e C o m m o n -

o i l ^ ^ VALUE OF BONDS.—T h e w a t e r b o n d s a re f o r $1,000 e a c h ’
all o t h e r is s u e s a re fo r a m o u n t s a r r a n g in g f r o m $100 to $1,000 each.
INTEREST—W HERE PAYABLE.—In t e r e s t o n the 1887 lo a n is
f t^ eD e y 8 t 0 n e N a t io n a I B a n k o f E r ie , a n d at th e Im p o r t e r ’s
K
a n d T r a d e r s B a n k , N . Y . In t e r e s t o n th e lo a n o f M a r c h 1, 1889 is
p a y a b le a t t h e office o f C offin & S ta n to n , N e w Y o r k , a n d a ll o th e r
in t e r e s t b y th e C it y T re a su re r.

P ^ B T , SINKING FUNDS, Etc .—The subjoined statement
July ^
1891*8 t0tal mUnicipal debt and the water debt on the lirst of
w S r ^ e b f deM <
lnoluding water d e b t)................................. $987,400
T h e s i n k i n g f u n d re c e iv e s y e a r ly a c e r ta in s u m from th e t a x l e v y ’n o t
e x c e e d in g 3 m ills a n d n o t le ss t h a n ^ o f a m ill o n a d o lla r.

R T Y ‘T l h 6 ° ity ° WnS the waterworks, school houses,
and other buildings, worth about $2,450,000.
t v ^ ^ u ^ ^ E P+i.V A L U A T I O N . — 1 he c it y ’s a s se ss e d v a lu a t io n (a b o u t
T
t w o - t h ir d s o f the c a s h v a lu e ) a n d t a x r a te h a v e b e e n a s fo llo w s :

H O L L ID A Y S B U R G .
Clerk.

-J.

H.

Smith ,

Town

T h is b o r o u g h is in B l a i r C o u n t y .

LOANS—

When Due.

B orough B onds—
4 ^ 8 , M & S , $ 7 , 2 0 0 ...

W ater B onds—
4*28, M & S , $ 8 ,5 0 0 ...
5s, M & S , 2 , 7 3 6 . . .

In t e r e s t is p a y a b le in H o l l i d a y s b u rg .
Valuation, etc .—
T o t a l d eb t 1 8 9 0 ............. $ 1 8 , 4 3 6
T a x v a lu a t io n 1 8 9 1 ........1,2 5 4 ,2 2 9 P o p u la t io n in 1 8 9 0 w a s ...... 2,975
P o p u la t io n i n 1 8 8 0 w a s ........3 , 1 5 0

H U N T I N G D O N C O U N T Y .—
C o u n t y se a t i s H u n t in g d o n .

LOANS-

When Due.

IN D IA N A

C O U N T Y.

T a x ra te 1 8 9 1 ....................$ 10-00
P o p u la t io n i n 1 8 9 0 w a s . .. .3 5 ,7 5 1
P o p u la t io n i n 1 8 8 0 w a s ___ 33,954

4s, v a r. $ 1 5 5 ,0 0 0 .
In t e r e s t p a id b y C o u n t y T re a s.

C o u n t y se a t i s In d ia n a .

Tears.

Total Assessed Rate o f Tax
p e r $1,000.

1891
« V aluation.
18 9 0 ...................................................................... $ H ’§?!>692

ill?

$26-00

g|8

LOANS-

When Due.

County B onds—

Valuation, etc.—
Tax
v a lu a t io n
1891,
a b o u t ........................ $ 8 ,9 9 2 ,2 6 7 "
P o p u la t io n i n J 8 9 0 w a s
4 2 ,1 7 5
P o p u la t io n i n 1 8 8 0 w a s
4 0 ,5 2 7

.....................
4 s , ....... $ 8 3 , 0 0 0
In t e r e s t p a y a b le a t C o u n t y T r e a s ­
u r e r ’s Office.

W m lu S I™ 1

J O H N S T O W N . — J. D owling , Comptroller.
F A Y E T T E

C O U N T Y

C o u n t y se a t is U n io n t o w n .

LOANS—

When Due.

County B onds—
5s, F & A , $ 1 , 0 0 0 ..........

Jail B onds—
4 s , ....... $ 7 0 , 0 0 0 ..........
4 s, F & A , 2 4 , 0 0 0 ...........

Court H ouse B onds—
4 s, M & N , $ 2 2 5 ,0 0 0 .........

4s, J & D , $ 4 5 , 0 0 0 .............
T o t a l d e b t 1 8 9 0 . .......... $ 3 6 5 ,0 0 0
In t e r e s t p a y a b le i n U n io n t o w n .

Valuation, etc.—

T a x v a lu a t io n 1 8 9 1 ...... 2 5 ,0 0 0 ,0 0 0
P o p u la t io n i n 1 8 9 0 w a s ......8 0 ,0 0 0
P o p u la t io n i n 1 8 8 0 w a s ......5 8 ,8 4 2

F R A N K L I N . — R. w . D u n n , Mayor.
T h is c it y is i n V e n a n g o C o u n ty .

LOANS—

B uilding B onds—

When Due.

4s, M & N , $ 7 , 0 0 0 ................
($ 1,000 d ue y e a r l y . ) .........

R efunding B onds—

4s, M & N , $ 2 8 , 9 0 0 ........M a y , 1 9 0 1
(Sub je ct to c a ll a fte r M a y , 1891.)

In t e r e s t is p a y a b le i n F r a n k lin .
T o t a l debt, A p r i l 1 , ’9 1 .. $ 3 5 , 9 0 0
i? lo a t m g d e b t.......
3 425
T a x v a lu a t io n 1 8 9 1 ....... .2,011,211
T a x ra te (p e r $ 1 ,0 0 0 )....
$ 2 9 -0 0
P o p u la t io n i n 1 8 9 0 w a s ....... 6,221
P o p u la t io n i n 1 8 8 0 w a s ....... 5 ,0 1 0

H A R R I S B U R G . — J ohn A. F ritchey , Major.
T h e c a p it a l o f th e S tate , s itu a t e d i n D a u p h i n C o u n t y o n th e S u s ­
q u e h a n n a R iv e r , a b o u t 1 0 0 m ile s n o r t h w e s t o f P h ila d e lp h ia . A n u m ­
b e r o f r o ll in g m ills , m a e liin e sh o p s, r a ilr o a d c a r a n d o t h e r m a n u f a c ­
t o r ie s a re lo c a te d here.




T h is c it y is i n F u lt o n C o u n ty . J o h n s t o w n h a s is s u e d n o b o n d s, b u t thef o llo w in g lis t s h o w s the deb ts cre ate d b y s e p a ra te b o r o u g h s b e fo re t h e y
w e re c o n so lid a te d to fo rm th e city. T h e t o t a l a m o u n t is $ 4 8 1 0 0 forw h ic h th e e n tire c it y is liable.

D ebts op B oroughs .
T a x v a lu a t io n o f r e a l
J o h n s t o w n , 4 p e r c e n t ___ $ 2 5 ,0 0 0
estate i n t h e c it y o f
W o o d v a le , 4 p e r c e n t ....................3 ,6 0J0o h n s t o w n i n 1 8 9 1
C o n e m a u g h , 4 p e r c e n t___ 1 1 ,0 0 0
w a s .............
$ 9 ,3 0 0 ,0 0 0
M e lv ille , 4 p e r c e n t ...................... 8 ,0 0 0 ra te (p er $ 1 ,0 0 0 )..
Tax
$ 5 -0 0
C a m b r ia , 4 p e r c e n t ...................... 5 0P o p u la t io n i n 1 8 9 0 w a s ....... 7 ,5 0 0
0

J U N IA T A

C O U N T Y .-

C o u n t y seat is M ifflin t o w n .

LOANS-

County B onds—
4 s , -------- , $ 5 2 ,0 0 0 ....
In t e r e s t is p a y a b le
T re a su re r.

K E N N E T T
Clerk.

When Due.
by

T a x v a lu a t io n i n 1 8 8 0 . . $ 2 , 5 1 7 , 9 6 9
Tax
rate, 1 8 9 1 (per

$ 1,000)..........................

C ou nty

$8-00

P o p u la t io n in 1 8 9 0 w a s ___1 6 ,6 5 5
P o p u la t io n i n 1 8 8 0 w a s ___1 8 ,2 2 7

SQ U A R E .

-J. M cM ullin , Town

T h is b o r o u g h is i n C h e ste r C o u n ty .

When Due,
LOANS—
B orough B onds68, J & J , $ 3 5 , 1 0 0 ...... J a n . 1, 1 8 9 4
5s, J & J ,
7 , 6 7 7 ...... Ja n . 1, 1 8 9 4
In t . p a y a b le in K e n n e t t S q u a re .

T o t a l deb t 1 8 9 0 ................ $ 4 2 , 7 7 7
T a x v a lu a t io n 1 8 9 0 .......... 6 3 2 , 1 7 0
P o p u la t io n i n 1 8 9 0 w a s ........1 , 3 2 0

Voi LUI.

7 4
L A C K A W A N N A

C O U N TY.

C o u n t y se a t is S c ra n to n .
LOANS —
When Due.

County B onds—
li .......... $ 6 5 ,0 0 0 ....
. ..........
•5s, J & D ,

7 5 ,0 0 0
6 0 ,0 0 0

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

In t e r e s t p a y a b le b y C o u n t y T re a s.
T o t a l d e b t 1 8 9 0 ..........
$ 2 0 0 ,0 0 0
T a x v a lu a t io n 1 8 9 0 ... 2 3 ,3 3 3 ,0 5 8
P o p u la t io n 1 8 9 0 w a s ..
1 4 2 ,0 8 8
P o p u la t io n 1 8 8 0 w a s . .
8 9 ,2 6 9

L A N C A S T E R . — E dward E dgerly , Mayor.

¡N A M E A N D P U R P O S E .

When
Rate
P. Ot. Payable.

b e l i e f f u n d .............
W a t e r lo a n (reg.).....
do
d o ....
do
do —
do
do
—
do
d o ....
do
(c o u p o n )..

6
6
5
4
. 4
4
. 4

LOANS-

Jan.
J—Q
J & J
A & O

J -Q
J & J
J -Q

P rincipal,
When Due.

P O P U L A T I O N . — I h e p o p u la t io n i n 1 8 9 0 w a s 9 , 5 2 0 ; i n 1 8 8 0 it w a s
8 , 8 6 0 ; i n 1 8 7 0 it w a s 7,103.

M E D I A . — W m.

T b e c a p it a l o f L a n c a s t e r C o u n t y , s itu a t e d o n C o n e s to g a C re e k a n d
■ on th e lin e o f tb e P e n n s y l v a n ia a n d s e v e r a l o th e r ra ilr o a d s . L a n c a s TÉer w a s a t o n e t im e tb e c a p it a l o f t h e State.
,
— Interest. ---- .

ASSESSED V A L U A T IO N .— I d 1 8 9 1 t h e t a x v a lu a t io n o f r e a l e sta te
w a s $ 1 , 9 3 9 , 9 3 3 ; o f p e r s o n a l p ro p e rty , $ 8 5 , 0 5 5 ; total, $ 2 , 0 2 4 , 9 8 8 ; t a x
ra te (p er $ 1 ,0 0 0 ), $ 4 2 -0 0 . I n 1 8 9 0 tb e a s se ss e d v a lu a t io n o f r e a l e sta te
w a s $ 1 ,8 7 8 , 2 7 4 ; o f p e r s o n a l p ro p e r ty , $ 8 1 , 2 7 5 ; to ta l, $ 1 ,9 5 9 ,5 4 9 .
I n 1 8 8 0 t o t a l a s se ss e d v a lu a t i o n w a s $ 2 ,1 4 8 ,9 7 0 .

A m ount
Outstand­
ing.

$ 1 3 ,0 0 0
A p r . 1 , 1 9 0 5 to ’2 0
5 A p r . 1, 1 8 9 0
j *3 8 8 ,5 5 8
>
6 1 ,4 0 0
A p r.'i", V9 L to 1 9 0 1
100,000
A p r . 1, ’95, to 1 9 0 5
1 2 5 .0 0 0
J a n . 1, ’9 3, to 1 9 1 8
1 8 9 .0 0 0
A p r . 1 , 1 9 0 5 to ’2 0

M IF F L IN

TAX F R E E — All bonds of this city are exempt from taxation.
C ITY P R O P E R T Y — T h e c it y o w n s it s w a t e r w o r k s v a lu e d a t $ 7 5 0 ,■ OOO a n d o th e r b u ild in g s a n d a v a ila b le a sse ts, b e sid e s th e s in k in g f u n d
m e n t io n e d ab ove , in a ll a m o u n t in g to $ 1 ,0 2 2 ,4 6 1 .
A S S E S S E D V A L U A T I O N — I d 1 8 9 1 the t o t a l v a lu a t io n w a s $ 13,-2 6 0 ,1 8 0 ; t a x ra te (p er $ 1 ,0 0 0 ), $ 1 7 -5 0 . R e a l v a lu a t io n a b o u t $2 5 ,0 0 0 , 0 0 0 . I n 1 8 8 9 t o t a l a s se ss e d v a lu a t io n w a s $ 1 3 ,4 5 1 ,0 3 8 ; i n 1 8 8 0
i t w a s $ 1 2 ,4 4 9 ,4 8 0 .
P O P U L A T I O N — The population in 1 8 9 0 was 3 2 ,0 1 1 ; in 1 8 8 0 it was
-2 5 ,7 6 9 ; in 1 8 7 0 it was 2 0 ,2 3 3 .

C O . — T heo . H iestand , Treas.

L A N C A S T E R

C o u n t y se a t is L a n c a st e r .
LOANS —
When Due.

County B onds—

4 s , A & O , $ 1 6 4 , 0 0 0 . . . . A p r . 1, 1 9 0 1
S u b je c t to c a ll a fte r th re e ye ars.

In t e r e s t p a y a b le a t Co. T r e a s ’. office.
T a x v a lu a t io n 1 8 9 0 . .$ 1 0 8 ,0 0 0 ,0 0 0
Sta te a n d co. t a x p e r $ 1 , 0 0 0 ..$ 6 -0 0
P o p u la t io n i n 1 8 9 0 w a s — 1 4 9 , 0 9 5

W ater B onds—

4 s , A & O , $ 1 8 0 ,0 0 0 ... A p r . 1, 1 9 0 2

City B onds—
S s , A & O , $ 4 5 ,7 0 0 .......................
S u b je ct to c a ll a t a n y tim e.
In t e r e s t p a id at C it y T re a s. office.

Valuation, etc.
T o t a l deb t in 1 8 9 1 ..........$ 2 2 5 , 7 0 0
W a t e r d e b t in c lu d e d ....... 1 8 0 ,0 0 0
T a x v a lu a t io n i n 1 8 9 1 .. .7 ,5 0 5 ,0 0 0
State, c ity a n d c o u n t y
t a x (p er $ 1 ,0 0 0 ) ..........
$ 1 2 -7 5
P o p u la t io n in 1 8 9 0 w a s ......1 5 ,0 0 0
P o p u la t io n i n 1 8 8 0 w a s .......8 ,7 7 8

LOANS—

C O U N T Y . — L. R ogers, Treasurer.

C o u n t y seat is S m e th p o rt.

LOANS—

C O U N T Y .—

M c K E E S P O R T . — T hos. T ilbrook Mayor.
S it u a t e d in A lle g h e n y C o u n t y o n th e M o n o n g a h e la R iv e r , 1 5 m ile s
s o u th e a s t o f P it t s b u r g . C o a l is m in e d v e r y e x t e n s iv e ly i n a n d a b o u t
t h is place.
, Interest .— ,
—
A m ount
LOANS —
Rate
When
P rincipal,
OutstandP . Ct. Payable.

N A M E A N D PU RPO SE.

R a il r o a d c o m p r o m is e b o n d s . .
W a t e r b o n d s * ......■-................
.........................
do
F u n d i n g b o n d s ......................

6
5
5
4 *2

C I T Y . — J ohn W ebb, Mayor.

T h is b o r o u g h is i n S c h u y l k i ll C o u n ty .
LO AN S—
When Due. T o t a l debt, 1 8 9 1 .............. $ 2 3 ,0 0 0
B orough B onds—
i T a x v a lu a tio n , 1 8 9 1 ....... 1 ,5 0 0 ,0 0 0
4 s , M & N , $ 2 3 , 0 0 0 .........................I T o t a l t a x ra te (per $ 1 ,0 0 0 ). . $ 3 0 - 0 0
In t e r e s t p a y a b le at T re as. office. | P o p u la t io n i n 1 8 9 0 w a s ......1 1 ,2 8 6

M A P L E T O N .—
T h is b o r o u g h is in H u n t in g d o n C o u n ty .
LOANSWhen Due. In t e r e s t p a y a b le i n M a p le to n . .
B orough B o nd s :
T a x rate (per $ 1 , 0 0 0 ) . . . .......$ 8 -0 0
4 > s,___ , $ 3 7 5 ,0 0 0 . .F e b .2 4 ,’9 2 t o ’9 4 P o p u la t io n 1 8 9 0 w a s ..............7 1 5

J M E A D Y I L L E . — A thelston Gaston , Mayor.
T h e c a p it a l o f C r a w f o r d C o u n t y , o n F r e n c h C re e k , 1 0 0 m ile s n o r t h o f
P it t s b u r g . M a n u f a c t o r ie s o f oars, e n g in e s, etc., a re lo c a te d here.
,— Interest .— .
A m ount
* LOANS —
RateWhen
P rincipal,
Outstand

P. Ot. Payable.

• O ity b o n d s ............................
do
............................
do
............................
do
............................
do
............................
do
............................
do
............................

5
5
42 5
4
4
4
4

J
J
J
J

&
&
&
&

When Due.

J
J
J
J

1907
1911
1914
1920

ing.
$ 1 0 4 ,6 0 0
7 5 ,0 0 0
2 7 ,0 0 0
4 2 ,0 0 0

* T h e w a te r b o n d s d u e i n 1 9 1 1 a re sub ject to c a ll a t a n y tim e o n s i x t y
d a y s notice.

INTEREST—W HERE P A Y A B L E . — In t e r e s t i s p a id b y th e C it y
T re a su re r.

ASSESSED V A L U A T I O N — I n 1 8 9 1 the to t a l a sse sse d v a lu a t io n
(a b o u t ^ o f c a s h v a lu e ) w a s $ 6 , 3 7 1 , 6 1 5 ; c it y a n d s c h o o l t a x ( p e r
$ 1 ,0 0 0 ), $ 2 6 -5 0 . I n 1 8 8 9 th e a s se ss e d v a lu a t io n o f r e a l e sta te w a s
$ 5 ,0 1 2 ,0 1 9 ; o f p e r s o n a l p ro p e rty , $ 2 3 ,5 6 5 ; to ta l, $ 5 ,0 3 5 ,5 8 4 ; t a x ra te
(p e r $ 1 ,0 0 0 ), $ 2 5 . I n 1 8 8 0 th e t o t a l a s se ss e d v a lu a t io n w a s $ 3 ,1 5 2 ,1 9 3 .
POPULATION.— T h e p o p u la t io n i n 1 8 9 0 w a s 2 0 ,7 4 1 ; i n 1 8 8 0 it w a s
8,2 1 2 ; i n 1 8 7 0 it w a s 2,523.

J
&
J
&
J
&
J
&
J
&
J
&
A & O

J
J
J
J
J
J

C O U N T Y .—

LOANS—

When Due.

County B onds48, A & O , $ 7 7 , 0 0 0 . . .A p r. 1 , 1 9 0 0
In t e r e s t p a y a b le i n N o r r is t o w n .

Valuation, etc .—
T a x v a lu a t io n 1 8 9 1 . ..$ 7 2 ,1 5 9 ,2 3 5
P o p u la t io n 1 8 9 0 was..
1 2 3 ,2 9 0
P o p u la t io n 1 8 8 0 w as.. • 9 6 , 4 9 4

N E W C A S T L E .—

C o u n t y se a t is W illia m s p o r t .
O l d b o n d s ......................$ 1 2 0 ,0 0 0 I T a x v a lu a t io n i n 1 8 8 0 .$ 1 6 ,4 1 2 ,7 2 1
Jtiew b o n d s ..................... 1 2 6 ,0 0 0 | P o p u la t io n i n 1 8 9 0 w a s ___ 7 0 ,5 7 9

¡N A M E A N D P U R P O S E .

F lo a t i n g d e b t 1 8 9 1 ........... $ 1 6 ,6 5 2
C a s h a s s e t s .....................
9 ,6 9 2
P o p u la t io n 1 8 9 0 w a s ....... 4 6 ,8 6 3
P o p u la t io n 1 8 8 0 w a s ....... 4 2 ,5 6 5

When Due.

...., ....... ,$ 3 6 ,0 0 0 ........
1896
In t e r e s t p a y a b le b y C o u n t y T re a s.
T o t a l debt 1 8 9 1 ............... $ 5 2 ,6 5 2

C o u n t y se a t is N o r r is t o w n .

T h is c ity is in C lin t o n C o u n ty .
'T o t a l d e b t 1 8 9 0 .............. $ 2 4 0 ,5 9 7 I P o p u la t io n i n 1 8 9 0 w a s ....... 7 ,3 5 8
F l o a t i n g d e b t (in c lu d e d )...$ 3 8 ,5 9 7 | P o p u la t io n i n 1 8 8 0 w a s .......5 ,8 4 5

M A H A N O Y

Valuation, etc .—
T a x v a lu a t io n 1 8 9 1 ..... $ 4 ,0 0 0 ,0 0 0
P o p u la t io n i n 1 8 9 0 w a s ..... 1 9 ,9 9 6
P o p u la t io n i n 1 8 8 0 w a s — .1 9 ,5 7 7

When Due.

County B onds-

48, J & J a n d M & N , $ 1 0 7 , 5 0 0 ..........
In t e r e s t p a y a b le i n L e w is t o w n .

M O N TG O M E R Y
L O C K H A V E N . — G eo. W. M ason , Mayor.

L Y C O M IN G

Town Clerk.

T O T A L DEBT, ETC.— T h e t o t a l fu n d e d d e b t o n J a n u a r y 1 , 1 8 9 1 ,
w a s $ 2 4 8 ,6 0 0 ; w a t e r debt, $ 1 0 2 , 0 0 0 ; s in k in g fu n d s, $ 1 5 ,0 0 0 .

L E B A N O N . — J. W . H arbeson , Mayor.
T h is c it y is i n L e b a n o n C o u n ty .
LOANS —
When Due.

,

C O U N T Y .—

M cK E A N

T O T A L D E B T , E T C .— T h e t o t a l fu n d e d d e b t o n J u l y 1 , 1 8 9 1 , w a s
;$ 8 7 6 ,9 5 8 ¡ s in k in g f u n d asse ts, $ 3 8 8 ,5 5 8 ; n e t debt, $ 4 8 8 ,4 0 0 .

u c k e r

C o u n t y se a t is L e w is t o w n .

■* T h e se b o n d s a re a ll i n th e s i n k i n g fu n d .

INTEREST is p a y a b le in L a n c a st e r .

G

T h is b o r o u g h is i n D e la w a r e C o u n ty .
LOANSWhen Due, I In t e r e s t p a y a b le a t M e d ia
B orough B onds—
T a x v a lu a t io n i n 1 8 9 1 - .$ 2 ,0 3 3 ,0 2 7
4s, A & O , $ 8 8 , 1 0 0 ......Oct. 1 , 1 9 1 3 | P o p u la t io n i n 1 8 9 0 w a s ------- 2 ,7 3 6

When Due.
Jan.
1, 1 8 9 4
Jan.
1, 1 8 9 9
J u ly
1,1 9 0 2 *
M c h . 1, 1 8 9 6
J u ly
1, 1 9 0 1
Jan.
1, 1 9 0 7
A p r . 1, 1 9 0 7

ing.
$ 2 ,5 0 0
1 ,0 0 0
1 8 ,0 0 0
1 3 ,9 0 0
2 9 ,8 0 0
1 2 ,0 0 0
7 ,0 0 0

* A l l b u t $ 1 9 ,0 0 0 o f M e a d v ille b o n d s a re sub ject to c a ll 5 to 1 0 y e a r s
b e f o r e m a tu rity .

INTEREST i s p a y a b le a t t h e C it y T r e a s u r e r ’s office.
T O T A L DEBT, E t c .— T h e t o t a l fu n d e d d e b t o n Sep t. 1 , 1 8 9 0 , w a s

, Mayor.

N e w C a stle , th e c a p it a l o f L a w r e n c e C o u n t y , is s itu a te d o n the
S h e n e n g o R iv e r , a b o u t fift y m ile s n o r t h w e s t o f P it t s b u r g . T h e c it y
c o n t a in s la r g e r o llin g - m ills , n a il fa c to rie s a n d w in d o w - g la s s w o rk s.
,— Interest .— A m ount

LOANS—
N A M E A N D PU RPO SE.

Rate

When

P . Ot. Payable.

P rincipal,
When Due.

Outstanding.

C it y f u n d in g b o n d s .......... 4
....
\ 0r a t ‘opt. o f city. \ $ 5 5 >0 0 0
INTEREST—W H ERE P A Y A B L E . — In t e r e s t is p a y a b le a t th e ofiice
o f th e C it y T r e a s u r e r i n N e w c a stle .
T O T A L DEBT, E t c .— T h e t o t a l fu n d e d d e b t o n A p r i l 1 , 1 8 9 1 , w a s
$ 5 5 ,0 0 0 .
ASSESSED VALUATION.—I n 1 8 9 1 th e a sse sse d v a lu a t io n o f r e a l
e sta te w a s $ 4 ,0 0 0 ,0 0 0 , o f p e r s o n a l p r o p e r t y $ 6 0 0 ,0 0 0 ; total, $ 4 ,6 0 0 ,
0 0 0 . T a x ra te (p er $ 1 ,0 0 0 ) $ 1 7 - 0 0 ; r e a l esta te is a s se ss e d a t “ a b o u t
t w o - t h ir d s o f it s a c t u a l v a lu e .” I n 1 8 8 0 t o t a l a s se ss e d v a lu a t io n w a s
$ 2 ,7 6 2 ,7 7 2 .
POPULATION.— T h e p o p u la t io n i n 1 8 9 0 w a s $ 1 1 ,6 0 0 , i n 1 8 8 0 w a s
8,4 1 8 , i n 1 8 7 0 w a s 6,164.

N O R R I S T O W N . — M. R. K urtz, Mayor.
T h is b o r o u g h is the c a p it a l
b a n k o f th e S c h u y l k i ll R i v e r
in g a n d t w o o th e r r a ilr o a d s .
c o n n e c tin g N o r r is t o w n w it h
a re lo c a te d here.

LOANS —
N A M E A N D PU RPO SE-

o f M o n t g o m e r y C o u n t y , s itu a t e d o n th e
a n d o n th e lin e o f th e P h ila d e lp h ia & R e a d
T h e re a re t w o b rid g e s s p a n n in g th e r iv e r
B r id g e p o r t . A n u m b e r o f m a n u fa c t o rie s
, Interest .— .
—
Rate
When
P . Ot. Payable.

C it v b o n d s ............................. r
do
....................... . . . . r
do
.............................r

IN T E R E ST -W H E R E

4
4
4

P rincipal,
When Due.

A m ount
Outstand
ing.

J & J J u l y 1, 1 9 0 4
J & D J u n e 1, 1 9 0 7
J & D D ec. 1,
1908
PAYABLE—In t e r e s t i s p a y a b le

$ 6 3 ,7 0 0
2 0 ,0 0 0
1 4 ,3 0 0
a t th e

B o r o u g h T r e a s u r e r ’s Office.
T O T A L DEBT, E t c .— T h e fu n d e d d e b t o n Sept. 1, 1 8 9 1 , w a s
.•$86,200; s in k in g f u n d a s se ts $ 1 1 , 2 0 0 ; n e t d e b t $ 7 5 , 0 0 0 ; a n d a f lo a t - $ 9 8 ,0 0 0 ; f lo a t in g debt, $ 9 ,0 0 0 ; t o t a l m u n ic ip a l debt, $ 1 0 7 , 0 0 0 ; s in k I in g fu n d , $ 7 ,7 6 0 ; n e t debt, $ 9 9 ,2 4 0 .
n g d e b t o f $ 1 ,0 0 0 .




7&

October, 1891.
ASSESSED VALUATION — I n 1 8 9 1 t h e t o t a l a s se ss e d v a lu a t io n w a s
$ 8 ,5 1 6 ,2 1 5 ; i n 1 8 9 0 it w a s $ 8 ,3 5 9 ,9 5 0 ; t o t a l t a x r a te (p e r $ 1 ,0 0 0 ),
$ 1 3 -0 0 , w h ic h is c o m p o se d o f a b o r o u g h t a x o f $ 6 -5 0 , a s c h o o l t a x o f
$ 4 -5 0 a n d a c o u n t y t a x o f $ 2 -0 0 . I n 1 8 8 9 t o t a l a s se ss e d v a lu a t io n
w a s $ 8 , 1 8 2 , 2 6 0 ; i n 1 8 8 0 it w a s $ 6 ,3 9 2 ,0 6 2 .
POPULATION—T h e p o p u la t io n in 1 8 9 0 w a s 1 9 ,7 9 1 ; i n 1 8 8 0 it w a s
$ 1 3 , 0 6 3 ; in 1 8 7 0 it w a s 1 0 ,7 5 3 .

N O R T H A M P T O N

C O U N T Y .—

C o u n t y se a t is E a s t o n .
LO AN S—
When Due. I T a x v a lu a t io n i n 1 8 9 1 .$ 4 2 ,4 2 4 ,4 2 4
County B onds—
| P o p u la t io n i n 1 8 9 0 w a s
8 4 ,2 2 0
4 s , F & A , $ 5 0 ?0 0 0 . . . A u g . 1, ’9 0 -’9 1 I
In t e r e s t p a id a t Co. T r e a s ’s office. |

O IL

C I T Y . — W . G. H u n t , Mayor.

T h is c it y i s i n V e n a n g o C o u n ty .
F u n d e d d e b t 1 8 9 0 .......... $ 1 4 0 ,0 0 0
F lo a t i n g d e b t................
2 0 ,5 0 0
S i n k i n g f u n d s . ................
1 1 ,3 8 8

T a x v a lu a t io n 1 8 9 0 _ $ 1 ,8 0 1 ,8 3 5
_
T a x ra te p e r $ 1 , 0 0 0
$ 1 2 -0 0
P o p u la t io n i n 1 8 9 0 w a s ......1 0 ,9 3 2

O X F O R D . — M ilton W alker , Burgess
O x f o r d is i n C h e st e r C o u n t y , a b o u t 5 2 m ile s s o u t h w e s t o f P h ila d e lp h ia .
< Interest .— *
—
A m ount

LOANS-

Bate
When
P. Gt. Payable.

N A M E A N D PU R PO SE.

P rincip al,
When Due.

Outstanding.

J & J { $ 5 0 0 ^ 1 1 ^ ^ . } $ 1 0 ’0 0 0
M & N
M a y 1, 1 9 1 0
1 2 ,0 0 0
M & N
M a y 1, 1 9 0 6
2 7 ,5 0 0
f r o m t a x a tio n .
PAYABLE.— In t e r e s t i s p a y a b le a t the

F u n d i n g b o n d s ................ 5
G a s a n d w a t e r (ref.) b o n d s. 4 ^
do
do
do
. 4
A l l is s u e s o f b o n d s a re e x e m p t

INTEREST—WHERE

N a t io n a l B a n k o f O x fo rd .
T O T A L DEBT, E T C .— T h e t o t a l fu n d e d d e b t o n J a n u a r y 1 , 1 8 9 1 ,
w a s $ 4 9 , 8 0 0 ; s in k in g f u n d a sse ts, $ 4 , 3 0 0 ; n e t debt, $ 4 5 , 5 0 0 ; w a t e r
d eb t, $ 4 0 ,0 0 0 .
_

ASSESSED VALUATION.—I n 1 8 9 0 th e a s se ss e d v a lu a t i o n o f r e a l
e s t a te w a s $ 7 7 3 , 2 6 0 ; o f p e r s o n a l p ro p e r ty , $ 8 6 , 4 8 5 ; to ta l, $ 8 5 9 ,7 4 5 .
T a x ra te (p e r $ 1 ,0 0 0 ), $ 1 5 -0 0 . I n 1 8 8 9 t o t a l a s se ss e d v a lu a t io n w a s
$ 8 3 9 , 9 0 3 ; i n 1 8 8 0 it w a s $ 7 8 2 ,1 0 3 .
POPULATION.—T h e p o p u la t io n i n 1 8 9 0 w a s 1 ,7 1 0 ; i n 1 8 8 0 it w a s
1 , 5 0 2 ; i n 1 8 7 0 it w a s 1,151.

P H I L A D E L P H I A . - E dwist S. Stewart , Mayor
P h ila d e lp h ia , c o -e x te n s iv e w it h th e c o u n t y o f th e sa m e n a m e , is
th e t h ir d c it y o f th e U n it e d S ta te s, h a s a n a r e a o f o v e r 1 3 0
s q u a r e m ile s, a n d in c lu d e s a n u m b e r o f p la c e s w h ic h h a v e a lm o s t
th e c h a r a c t e r o f s e p a ra te to w n s. T h e e x t e n s io n o f h e r r a ilr o a d c o n n e c ­
t io n s a n d t h e d e v e lo p m e n t o f th e g r e a t m in e r a l fie ld s o f P e n n s y l v a n ia
h a v e c o m b in e d to m a k e t h is c it y o n e o f th e g re a te s t c o m m e r c ia l ce n tre s
o f th e w o rld . I n t h e f o llo w in g t a b le th e v a r i o u s is s u e s o f b o n d s u n d e r
the g e n e ra l h ead s, T a x e d C it y L o a n a n d U n t a x e d C it y L o a n , a r e g iv e n
i n t h e o r d e r o f t h e ir d a te s o f m a t u rit y .
,— Interest.-

LOANS—
N A M E A N D PU RPO SE.

T h r e e p. ct. lo a n , 1 8 9 0 -9 1 ,
s e rie s A to T ..............
N e w f u n d i n g l o a n , s e rie s
8 t o Y .........................
T axed City L oan—
C o n s o lid a t e d ......... ....
P e n n s y l v a n ia R R .......
C o n s o lid a t e d ..............
N o r t h P e n n s y l v ’a R R . .
P e n n s y l v a n ia R R .......
S u n b u r y & E r i e R R ___
C o n s o lid a t e d ..............
S u n b u r y & E r i e R R ___
C o n s o lid a t e d ..............
do
..............
C o u p o n s ................. m .
C o n s o lid a t e d ..............
do
.........
do
..............
do
..............

Untaxed City L oan—

C h e s t n u t St. B r id g e ___
D e fe n se , 1 8 6 1 .............
S c h o o ls, N o . 1 .............
D e fic ie n c ie s, 1 8 6 1 ......
R e d e m p t io n ...............
B o u n t y , N o . 1 .............
D e fe n se , 1 8 6 3 .............
B o u n t y , N o . 2 .............
D e fe n se , 1 8 6 3 .............
B o u n t y , N o . 3 .............
do
c o u p o n ..........
C h e s t n u t St. B r id g e ___
D e fe n se , 1 8 6 5 ......
D e fic ie n c ie s, 1 8 6 2 -6 4 ..
A i d i n g v o lu n t e e r s .......
S c h o o l, N o . 2 .......
W a te r, N o . 2 .......
P u rch ase , L a n s>
’
d o w n e E s ta t e .
C u lv e r t , N o . 2 ..........
G u a ra n t e e d g a s ..........
P a r k , N o . 1 ...............
W a t e r a n d ic e b o a t ......
G u a r a n t e e d g a s ..........
P a r k , N o . 2 .............. ..
S o u t h St. B r i d g e .........
W a te r, N o . 3 7 .............
F a ir m o u n t B r i d g e ......
H o u s e o f C o r r e c t io n . ..
S c h o o l, N o . 3 ..............
W a te r, N o . 4 6 .............
G u a r a n t e e d g a s ..........
P o lic e a n d c u lv e r t s ___
F a ir m o u n t B r i d g e ......




Bate
When
P. Gt Payable
3
4
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6

P rincipal,
When Due.

Outstanding.

5 N o v . l, 1 9 0 0 t o ’1 9 )
M & N ^ $ 2 3 0 ,0 0 0 y e a rly , < $ 4 ,6 0 0 ,0 0 0
?lD e c .3 1 ’9 1 t o l 9 0 4 )
J & J ( $ 4 0 0 , 0 0 0 y e a rly . < 5 ,6 0 0 ,0 0 0
J &
J &
.1 &
J &
J &
J &
J &
J &
J &
J &

J
J
J
J
J
J
J
J
J
.1

J & .1
J <c J
f
J & J
J & J
J & J
&
&
J &
.1 &
J &
J &
J &
J <
fc
J &
J &
J &
J &
J
J

J

J
.1
J
J
J
J

.1
J
J

•

J
J
J
J
& J
J & J
J & J
J & J
J
J
J
J

&
&
&

J & J
J & .1
.)

J
J

J
J
J

J
J
J
J
J
J

&
&
&
&
&
&
&
<fc
&
&
&
&

J
J

J

J

J

J
J
J
J
J
J
J

LOANS—

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1891
1891
1892
1892
1892
1892
1892
1892
1893
1893
1893
1894
1894
1904
1904

1 ,7 0 0
1 9 3 ,9 0 0
2 1 0 ,2 0 0
500
200
4 9 3 ,7 0 0
3 )5 0 0
7 ,5 0 0
5 2 ,0 0 0
6 6 ,4 0 0
2 ,5 0 0
2 1 )9 0 0
500
3 1 ,1 0 0
1 ,4 0 0

J u ly
J u ly
J u ly
Jab.
Jan.
J u ly
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan .
Jan.
Jan.
Jan .
Jan .

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1891
1891
1891
1892
1892
1892
1893
1894
1894
1895
1895
1895
1895
1895
1896
1896
1896

Jan.
J u ly
Jan.
Jan.
Jan.
Jan .
J u ly
J u ly
J u ly
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
J u ly

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

1897
1898
1899
1899
1899
1900
1900
1900
1900
1901
1901
1901
1901
1902
1902
1902

1 9 1 ,0 0 0
1 ,3 0 4 ,0 0 0
1 0 0 )0 0 0
1 ,1 9 8 ,1 0 0
3 2 5 )0 0 0
5 0 2 ,9 0 0
5 0 1 ,4 0 0
3 ,2 4 2 ,1 0 0
9 9 9 ,9 0 0
3 , 5 2 1 )0 0 0
2 ,0 0 0
8 5 ,0 0 0
5 9 9 ,8 0 0
2 ,4 9 2 ,8 0 o
1 ,0 0 8 ,8 0 0
1 ,0 1 9 )9 0 0
9 7 6 )4 0 0
1 ,8 0 0 ,3 0 0
8 0 0 ,3 0 0
9 8 0 ,2 0 0
4 ,0 1 9 ,2 0 0
1 ,6 4 9 ,8 0 0
1 )0 2 0 )3 0 0
1 ,9 8 5 ,0 0 0
9 8 5 ,2 0 0
9 9 5 ,6 0 0
7 0 0 ,0 0 0
5 0 0 )0 0 0
4 9 9 ,5 0 0
2 ,1 2 2 ,0 0 0
5 0 0 ,0 0 0
4 2 5 )0 0 0
2 0 0 ,0 0 0

Interest .—

,

.------------- P rin c ip a l
When Due.

Outstand*g

Sch o o l, N o . 5 0 ............. 6
J & J
J u l y 1, 1 9 0 2
$ 1 ,0 0 0 ,0 0 0 F ir e p u r p o s e s .......... .. 6
J & J
J a n . 1, 1 9 0 3
2 0 0 ,0 0 0
G r a n d A v . B r i d g e ..... .. 6
J & J
J a n . 1, 1 9 0 3
2 ,1 3 8 ,0 0 0
P a r k , N o. 3 ............... .. 6
J & J
J a n . 1, 1 9 0 3
1 ,8 0 0 ,0 0 0
W a ter, N o. 5 4 ............. 6
J & .1
J a n . 1, 1 9 0 3
9 7 0 ,0 0 0
C e n te n n ia l, N o. 5 5 ___.. 6
J & J
J u l y 1, 1 9 0 3
5 0 0 ,0 0 0
Ic e boat, N o. 5 6 ........ . 6
J & .1
J u l y 1, 1 9 0 3
2 2 5 ,0 0 0
H o u s e o f C o rre ctio n .... 6
J & J
Ja n . 1, 1 9 0 4
4 5 0 ,0 0 0
S c h o o l, N o . 4 ............. . 6
J & J
Ja n . 1, 1 9 0 4
1 ,0 0 0 ,0 0 0
G u a ra n t e e g a s ..........
J & J
J a n . 1, 1 9 0 5
1 ,0 0 0 ,0 0 0
J u l y 1, 1 9 0 5
B r id g e s , N o . 6 0 ........ . 6
J & J
3 3 5 ,0 0 0
Se w e rs, N o . 6 1 ............ 6
J u l y 1, 1 9 0 5
J & J
4 9 9 ,4 0 0
P o lic e s t a t io n s .......... . 6
J & J
J a n . 1, 1 9 0 6
1 5 0 ,0 0 0
R e g is t e r e d lo a n s o v e rd u e a n d y e t o u t s t a n d in g .
N o n -re g is te re d lo a n s o v e rd u e a n d y e t o u t s t a n d in g ........... ........ 4 3 , 6 2 0
N o n -re g is te re d c o u p o n s o v e rd u e a n d y e t o u t s t a n d in g ....... ........ 1 4 , 0 0 0
P A R V A L U E O F B O N D S — B o n d s a re i n p ie ce s o f $ 2 5 , $ 5 0 , $100»
a n d $ 1 ,0 0 0 .

INTER EST—W HERE PAYABL E—In t e r e s t i s p a y a b le b y th e F a r m ­
e r s ’ & M e c h a n ic s ’ N a t io n a l B a n k , P h ila d e lp h ia . P a .
T O T A L DEBT, SINKING FUNDS, E t c .— T he su b jo in e d s t a t e m e n t
s h o w s P h ila d e lp h ia ’s t o t a l m u n ic ip a l debt, th e s in k in g f u n d h e ld b y t h e
c it y a g a in s t the sam e, a n d the w a t e r debt, o n th e firs t o f J a n u a r y o f eacht
o f th e la s t t w o y e a rs.
1891.
1890.
T o t a l fu n d e d d e b t (in c lu d in g w a t e r d e b t).. .$ 5 6 ,5 7 9 ,3 2 0
$ 5 5 ,9 8 6 ,9 2 0 »
O u t s t a n d in g w a r r a n t s o f d e p a r t m e n t s .......................... 7 8 6 ,2 3 8 7 9 0 , 4 5 0
T o t a l m u n ic ip a l d e b t ............
$ 5 7 ,3 6 5 ,5 5 8
S i n k i n g f u n d s .............................................$ 2 6 ,2 5 0 ,6 0 0
O th e r a s s e t s . . ............................. . ............
6 ,4 1 1 ,7 3 9

$ 5 6 ,7 7 7 ,3 7 0
$ 2 4 ,9 2 3 ,4 2 5 6 ,3 7 0 ,9 1 0

$ 3 1 ,2 9 4 ,3 4 4
T o t a l a v a ila b le a s s e t s .......... .................$ 3 2 ,6 6 2 ,3 9 3
N e t d e b t o n J a n u a r y 1 s t ..............................$ 2 4 ,7 0 3 ,1 6 5
$ 2 5 ,4 8 3 ,0 2 0
W a t e r d e b t (in c lu d e d i n fu n d e d d e b t )..........
6 ,2 6 4 ,7 0 0
6 ,2 6 4 ,8 0 0
T h e s in k in g f u n d h o ld s the f o llo w in g s e c u r it ie s : C it y lo a n , a t p a r » '
$ 2 3 ,9 3 7 ,6 0 0 a n d U n ite d S t a t e s lo a n , a t p a r, $ 2 ,3 1 3 ,0 0 0 . T h e a m o u n t
o f fu n d e d debt re d e e m e d b y th e S i n k i n g F u n d C o m m is s io n d u r in g they e a r 1 8 9 0 w a s $ 1 ,3 0 7 ,6 0 0 .
C I T Y P R O P E R T Y — T h e r e a l esta te o w n e d b y th e c it y is v a lu e d a t
$ 4 3 ,6 9 4 ,9 7 7 .
ASSESSED VALUATION, E t c .— T h e f o llo w in g s h o w s t h e a n n u a l
p a y m e n t s to th e s in k in g fu n d , a m o u n t o f fu n d e d d e b t a n d o u t s t a n d in g
w a r r a n t s , a s se ss e d v a lu e o f p ro p e r ty , a n d th e t a x rate, fo r y e a r s a s i n d i cated.

Paym'ts to

Total M unicipal

Assessed real and

Years.
Sink. Fund.
Debt Jan. 1.
Personal Yaluat’n. per
.0 0 0
1 8 9 1 ....
$ 5 7 ,3 6 5 ,5 5 8
$ 7 1 3 ,9 0 2 ,8 4 2
$ 1 8 -5 0
1 8 9 0 .... . . . .$ 6 0 2 ,5 9 0
5 6 ,7 7 7 ,3 7 0
6 8 8 ,7 1 3 ,5 1 8
1 8 -5 0
1 8 8 9 .... .... 6 1 1 ,0 9 0
5 7 ,9 4 2 ,9 3 5
6 6 9 ,5 0 7 ,5 6 4
1 8 -5 0
1 8 8 8 .... .... 6 2 9 ,6 0 0
5 8 ,7 7 8 ,2 1 3
6 4 7 ,2 1 3 ,0 3 9
1 8 -5 0
1 8 8 7 .... .... 6 3 0 ,1 0 0
5 8 ,8 4 0 ,0 4 5
6 2 8 ,6 7 9 ,3 1 2
1 8 -5 0
1 8 8 6 .... .... 6 4 6 ,2 4 8
6 2 ,5 8 9 ,6 7 8
6 1 1 ,3 0 9 ,6 1 5
1 8 -5 0
1 8 8 5 .... .... 6 6 0 ,9 8 6
6 4 ,1 3 1 ,3 6 2
5 9 7 ,7 8 5 ,4 2 8
1 8 -5 0
1 8 8 0 .... .... 8 0 6 ,6 0 5
7 2 ,2 6 4 ,5 9 5
5 3 6 ,6 6 7 ,8 3 4
2 0 -0 0
1 8 7 5 .... .... 7 8 5 ,8 9 9
6 4 ,3 9 0 ,4 6 3
5 7 5 ,2 8 3 ,9 6 8
2 1 -5 0
1 8 7 0 .... .... 5 1 9 ,1 9 7
4 5 ,0 9 3 ,2 4 7
4 7 9 ,7 7 6 ,6 4 3
1 8 -0 0
1 8 6 5 .... .... 3 2 9 ,3 4 0
3 2 ,7 6 3 .8 9 9
1 5 9 ,1 1 9 ,9 2 8
2 8 -0 0
1 8 6 0 ___ .... 1 7 3 ,7 3 7
2 1 ,3 5 6 ,7 5 9
1 5 5 ,6 9 7 ,6 6 9
2 0 -0 0
1 8 5 5 . . . . ....
8 1 ,6 6 5
1 5 -0 0
POPULATION.—I n 1 8 9 0 p o p u la t io n w a s 1 , 0 4 6 ,9 6 4 ; i n 1 8 8 0 i t w a »
8 4 7 , 1 7 0 ; in 1 8 7 0 it w a s 6 7 4 ,0 2 2 .

P H O E N I X V I L L E . — J. P. Zachus , City Clerks
T h is b o r o u g h is in C h e ste r C o u n ty .

LOANS —
When Due.
M arket H ouse B onds :
4 3-1 0 s, A & O ,

J u ly
J u ly
Jan.
Jan.
Jan.
Jan.
J u ly
J u ly
Jan .
J u ly
J u ly
Jan.
J u ly
Jan.
J u ly

/—

P. Gt. Payable.
U ntaxed City L oan (C on tin u ed )—
N A M E A N D PÙ R PO SE.

$ 3 ,5 0 0 .. A p r . 1 , ’8 7

W ater B onds :

5s,

A&O,

1 8 8 , 2 0 0 . . Oct. 1,’9 2

In t e r e s t p a y a b le a t P h e o n ix v ille .
T o t a l d e b t 1 8 9 0 ........... $ 1 9 1 ,7 0 0 T a x v a lu a t io n 1 8 9 1 ___ 3 ,0 0 0 ,0 0 0 P o p u la t io n 1 8 9 0 w a s . ..
8,51-4
do
1 8 8 0 w a s...
6,682:

P I T T S B U R G . — H e n r y J. G ourley , Mayor.
P it t s b u r g , lo n g n o t e d fo r it s fu rn a c e s , r o ll in g m ills, a n d ste e l w o r k s
is s itu a t e d i n A lle g h e n y C o u n t y , b e tw e e n th e A lle g h e n y a n d M o n o n g h e la r iv e r s a t t h e h e a d w a t e r s o f t h e O hio. I n th e y e a r 1 8 8 0 thea m o u n t o f c a p it a l in v e s t e d i n t h e ir o n a n d ste e l in d u s t r ie s i n t h i s
c it y w a s $ 2 5 ,1 9 0 ,0 0 0 , a g a in s t $ 5 2 , 0 0 0 ,0 0 0 (estim a ted) f o r th e y e a r
1891.
T h e F in a n c e C o m m itte e o f t h is c it y h a s r e c e n t ly p re p a re d am
o r d in a n c e p r o v id in g f o r a n e le c tio n to d ecid e o n th e q u e st io n o f i s s u i n g
$ 2 ,0 0 0 ,0 0 0 n e w b on d s.
— Interest.- ---x
Am oun
Bate
When
LOAN SP rincipal,
Outstand N A M E A N D PU RPO SE.
P. Gt. Payable.
When Due.
ing.
C it y b u ild in g b o n d s, ref
d. 5
A & O A p r . 1, 1 9 1 0 $ 1 7 0 , 0 0 0
7
A & O A p r . 1, 1 8 9 3
2 0 0 ,0 0 0
-C 7
J & J J u l y 1, 1 9 0 9
1 7 3 ,5 0 0
do
do
..............
7
J & J J u l y 1, 1 9 0 9
3 2 6 ,5 0 0
do
do
.... ........
7
J & J Ja n . 1, 1 9 1 2
1 2 1 ,0 0 0
F u n d e d d e b t irn p ro v . b o n d sLC 5
J tfc D J u n e 1, 1 9 1 3
1 1 5 ,0 0 0
do
do
do .r 5
J & D J u n e 1, 1 9 1 3 1 ,2 8 8 , 0 0 0 ’
do
do
d o .r 5
J < D J u n e 1, 1 9 1 2
fc
7 7 ,0 0 0
.0 4
J & D D ee. 1, 1 9 1 5
6 5 ,0 0 0
do
do
.r 4
J & D D ec. 1, 1 9 1 5 3 , 6 7 0 , 7 0 0
5
A & O A p r . 1, 1 9 1 0
2 5 ,0 0 0
..r 6 g
A & () Oct. 1, 1 9 0 4
2 1 0 ,0 0 0
R a il r o a d c o m p r o m is e b o n d s, -C 5
J & J Ja n . 1, 1 9 1 3 1 , 1 6 6 , 0 0 0
do
do
do
.r 5
J & J Ja n . 1, 1 9 1 3
6 6 0 ,4 0 0
do
do
d o . -C 4
J & J Ja n . 1, 1 9 1 3
2 3 9 ,0 0 0
do
do
d o ..r 4
J & .1 J a n . 1, 1 9 1 3
1 1 3 ,3 0 0
O A p r . 1, 1 8 9 3
1 3 1 ,5 0 0
7
A
do
.r 7
A & O A p r . 1, 1 8 9 3
9 4 ,3 0 0
do
A & O A p r . 1, 1 8 9 4
1 2 2 ,0 0 0
.0 7
do
.r 7
A & O A p r . 1, 1 8 9 4
1 2 0 ,5 0 0
do
A
() Oct. 1, 1 8 9 5
1 4 9 ,1 0 0
7
do
.r 7
A & O Oct. 1, 1 8 9 5
9 4 ,1 0 0 do
.0 7
A & () Oct. 2, 1 8 9 6
5 5 2 ,6 0 0
do
.r 7
A & o Oct. 2, 1 8 9 6
5 8 5 ,9 0 0 do
.r 7
A & 0 A p r . 1, 1 8 9 7
4 0 ,5 0 0 do
.c 7
A & () A p r . 1, 1 8 9 8
7 6 ,0 0 0 do
A & o A p r . 1, 1 8 9 8 2 , 3 1 6 , 0 0 0
.r 7
do
.r 6
J & J J a n . 1, 1 9 0 8
3 0 0 ,0 0 0
(o) C o u p o n b o n d s.
(r) R e g is t e r e d b o n d s.
(g) In t e r e s t o n th e m u n ic ip a l c o n s o lid a te d b o n d s is p a y a b le i n g o ld .

Vol. LUI.

76
PAR VALUE OF B O N D S . — T h e se b o n d s a re i n p ie ce s o f $ 2 5 , $ 5 0 ,
$ 1 0 0 a n d m u lt ip le s o f $1 0 0 .
INTEREST—W HERE PA Y A B L E —In t e r e s t i s p a y a b le a t t h e C it y
T r e a s u r e r ’s office i n P it t s b u r g , at th e B a n k o f A m e r ic a i n N e w Y o r k ,
a n d a t t h e office o f T o w n s e n d , W h e le n & Co. in P h ila d e lp h ia .
T O T A L DEBT, SINKING FUND, E t c — T h e s u b jo in e d sta te m e n t
s h o w s P it t s b u r g ’s t o t a l m u n ic ip a l debt, t h e s in k in g f u n d h e ld b y th e c it y
a g a i n s t t h e sam e , a n d th e w a t e r debt, o n the 1 s t o f F e b r u a r y o f e a c h o f
t h e la s t th re e y e a rs.
1889.
1890.
1891.
$ 1 3 ,2 0 3 ,2 5 2
$ 1 3 ,2 0 3 ,4 0 2
T o t a l fu n d e d d e b t .............$ 1 3 ,2 0 4 ,4 0 2
2 ,7 4 8 ,9 8 6
3 ,1 7 6 ,5 9 7
S i n k i n g f u n d s ..................
3 ,5 4 2 ,0 9 0
N e t d e b t o n Fe b . 1 ...... $ 9 ,6 6 2 ,3 0 2
W a t e r d e b t *...................... * .............

$ 1 0 ,0 2 6 ,8 0 5
4 ,5 8 2 ,5 0 0

$ 1 0 ,4 5 4 ,2 6 6
4 , 5 8 2 ,5 0 0

* T h e w a t e r d e b t a s g iv e n in th e a b o v e is a ls o in c lu d e d i n t h e t o t a l
fu n d e d debt.
T h e c it y h a s n o flo a t in g debt. T h e p r in c ip a l in v e s t m e n t s h e ld i n th e
s e v e r a l s in k in g f u n d s o n F e b r u a r y 1 , 1 8 9 1 , w e re a s f o llo w s * F o r w a t e r
lo a n s in k in g fu n d , $ 1 ,3 5 6 ,0 3 3 ; fo r stre e t im p r o v e m e n t s s. f., $ 1 0 3 ,1 0 0 ;
f o r A re d e p a r tm e n t s. f., $ 1 1 8 ,9 0 0 ; fo r m u n ic ip a l s. f., $ 1 6 3 ,0 5 0 . T h e
s i n k i n g f u n d re c e iv e s y e a r ly a b o u t $ 3 0 0 ,0 0 0 .
D E B T L IM IT A T IO N .— T h e c it y ’s d e b t is lim it e d b y la w to 7 p e r
c e n t o f the a s se ss e d v a lu e o f r e a l estate.
A S S E S S E D V A L U A T I O N . — T h e c it y ’s a s se ss e d v a lu a t io n (a b o u t 8 0
p e r ce n t o f c a s h v a lu e ) a n d t a x r a te h a v e b e e n a s f o l l o w s :

Real
Estate.

Tear.

Personal
Properly.

Total Assessed Rate o f Tax
Valuation.
per $ 1 ,0 0 0 .

$ 2 0 7 ,3 6 3 ,1 9 7
$ 2 ,3 1 6 ,4 5 5
$ .......
2 0 0 ,4 5 3 ,6 2 6
1 5 -0 0
1 ,8 7 3 ,3 5 9
1 9 8 ,5 8 0 ,2 6 7
1 3 9 ,1 4 7 ,0 3 7
1 ,2 4 8 ,1 0 9
1 3 7 ,8 9 8 ,9 2 8
1 3 4 ,7 1 1 ,1 2 4
1 8 -0 0
2 ,4 4 5 ,1 2 4
1 3 2 ,2 6 6 ,0 0 0
1 3 1 ,6 5 6 ,0 3 2
1 ,7 7 4 ,9 3 6
1 2 9 ,8 8 1 ,0 9 6
1 3 -0 0
3 ,0 0 0 ,0 0 0
1 1 1 ,5 3 0 ,6 0 8
1 0 8 ,5 3 0 ,6 0 8
1 6 -0 0
1 0 7 ,3 4 2 ,9 7 8
1 ,8 3 8 ,2 5 8
1 0 5 ,4 0 4 ,7 2 0
P O P U L A T IO N .— I n 1 8 9 0 p o p u la t io n w a s 2 3 8 ,6 1 7 ; i n 1 8 8 0 it w a s
1 5 3 ,3 8 9 ; i n 1 8 7 0 it w a s 8 6 ,0 7 6 .

1 8 9 1 ....
1 8 9 0 . . . . ....
1 8 8 9 . . . . ....
1 8 8 8 . . . . ....
1 8 8 6 . . . . ....
1 8 8 5 . . . . ....
1 8 8 4 . . . . ....

INTEREST—WH ERE P A Y A B L E . — In t e r e s t i s p a y a b le a t th e office
o f t h e C it y T re a su r e r .

T O T A L DEBT, SINKING FUNDS, E t c — T h e s u b jo in e d sta te ,
m e n t s h o w s R e a d in g ’s t o t a l m u n ic ip a l debt, th e s i n k i n g f u n d h e ld b y
t h e c it y a g a in s t th e sam e , a n d t h e w a t e r debt, o n t h e fir s t o f A p r i l o f
e a c h o f th e la s t t w o y e a rs.
1891.
1890.
T o t a l fu n d e d d e b t (in c lu d in g w a t e r d e b t)..........$ 9 7 9 , 5 0 0
$ 9 9 0 ,1 7 6
3 9 ,0 1 9
1 6 0 ,4 9 0
S i n k i n g f u n d s ...................................................
N e t d e b t o f c it y a n d w a t e r d e p a r t m e n t ............ $ 9 4 0 , 4 8 1
W a t e r d e b t (in c lu d e d a b o v e )........................... $ 4 6 5 , 5 0 0

T A X F R E E - — A l l is s u e s o f th e c it y ’s b o n d s a re e x e m p t f r o m t a x a tio n .
C I T Y P R O P E R T Y . — T h e c it y o w n s it s w a t e r w o r k s , v a lu e d a t
$ 1 ,2 5 0 ,0 0 0 , r e a l e sta te w o r t h $ 2 2 5 ,0 0 0 , a n d o th e r p r o p e r t y t o th e
a m o u n t o f $ 1 0 1 , 1 9 4 ; m a k in g a t o t a l o f $ 1 ,5 7 6 ,1 9 4 .

ASSESSED VALUATION.—'T h e c it y ’s a s se ss e d v a lu a t i o n
t w o -t h ird s o f c a s h v a lu e ) a n d t a x ra te h a v e b ee n a s f o l l o w s :
Real
Estate.

Tears.

Personal
Property.

T h is b o r o u g h is i n L u z e r n e C o u n ty .
When Due. T o t a l d e b t M a r c h , 1 8 9 1 . . . $ 3 0 , 2 7 7
LOANSF lo a t in g deb t (in clu d e d ) ..
1 ,0 7 7
B orough B onds—
T a x v a lu a tio n , 1 8 9 0 ......... 7 4 7 ,4 8 2
5 s, A & O , $ 2 4 , 0 0 0 ..... Sept. 1 , 1 9 0 2
B o ro u g h an d co un ty t a x
S u b je c t to c a ll a ft e r 1 8 88.
p e r $ 1 , 0 0 0 ....................
$ 5 -5 0
4 s , M & S , $ 5 , 2 0 0 .........N o v . 1, 1 9 0 0
P o p u la t io n 1 8 9 0 w a s ....... 1 0 ,3 0 2
S u b je c t to c a ll a fte r 1 8 95.
7 ,4 7 2
P o p u la t io n 1 8 8 0 w a s.
In t e r e s t p a y a b le i n P itts to w n .

(a b o u t

Total Ass’d Rate o f Tax
Valuation, p er $ 1 ,0 0 0 .

1 8 9 1 . . ..................$ 3 8 , 0 9 6 ,3 2 5 $ 2 ,0 3 3 ,9 1 5
$ 4 0 ,1 3 0 ,2 4 0
$ 1 4 -5 0
1 8 9 0 ..................................................... ; . . .
2 6 ,5 2 7 ,1 3 3
945
1 8 8 9 ..................... 2 3 ,9 1 0 ,5 6 8
1 3 6 ,9 3 5
2 4 ,0 4 7 ,5 0 3
.......
1 8 8 0 ..................
1 7 ,3 9 7 ,4 6 7
5 6 9 ,4 4 1
1 7 ,9 6 9 ,9 0 8
.......
T h e t a x ra te a s g iv e n f o r 1 8 9 1 in c lu d e s S ta te t a x $3; c o u n t y t a x
$2 -5 0 ; c it y t a x p ro p e r $5, a n d s c h o o l t a x $4.
P O P U L A T I O N . — I n 1 8 9 0 p o p u la t io n w a s 5 8 , 6 6 1 ; i n 1 8 8 0 it w a s
4 3 , 2 7 8 ; in 1 8 7 0 it w a s 3 3 ,9 3 0 .

R E N O R O . — J as . H . F erguson, Mayor.
T h is b o r o u g h is in C lin t o n C o u n ty .

LOANS—
W hen Due.
W ater B onds—
412s, J & J, $ 3 0 , 0 0 0 . . . J u l y 1 , 1 9 0 6
413s, J & J, 2 0 ,0 0 0 ... J u l y 1 , 1 8 9 6

S C H U Y L K IL L

P I T T S T O N . — E dward B urke , Mayor.

$ 8 2 9 ,6 8 6
$ 4 7 0 ,5 0 0

I In t e r e s t p a y a b le i n R e n o r o .
| T o t a l debt, 1 8 9 0 — ..........$ 5 0 , 0 0 0
I T a x v a lu a tio n , 1 8 9 1 .......... 4 3 7 ,9 9 8
I P o p u la t io n i n 1 8 9 0 w a s ....... 4 , 1 5 4

C O U N T Y .—

C o u n t y seat is P o t ts v ille .

When Due.

LOANS—

County B onds—
4s, A & O , $ 1 4 4 , 0 0 0 ....................
3s, J & J ,
2 0 0 , 0 0 0 .......
1901
In t e r e s t p a y a b le i n P o t ts v ille .

Valuation, etc .—
T o t a l d eb t i n 1 8 9 0 ....... $ 3 4 4 , 0 0 0
T a x v a lu a t io n in 1 8 9 1 .3 2 ,8 4 0 , 1 6 1
P o p u la t io n in 1 8 9 0 w a s . . .1 5 4 ,1 6 3
P o p u la t io n in 1 8 8 0 w a s.. .1 2 9 ,9 7 4

S C R A N T O N . — J. H . F ellows, Mayor.
P L Y M O U T H — R. M. R oberts, Mayor.
T h is b o r o u g h is i n L u z e r n e C o u n ty .

LOANS—

Coupon B onds—
5s, A & S , $ 2 4 ,0 0 0
In t . A p r . & Sept.

When Due.
a b o u t $ 2 ,5 0 0
y e a rly .

In t e r e s t p a y a b le a t P ly m o u t h .
$ 2 4 ,0 0 0
T o t a l d eb t 1 8 9 1 ...........
6 5 0 ,0 0 0
T a x v a lu a t io n 1 8 9 1 ......
P o p u la t io n 1 8 9 0 w a s . ..
9 ,3 4 4

P O T T S V I L L E . — M. B. B ell , Chief Burgess.
I s s itu a t e d i n S c h u y l k i ll C o u n t y o n th e r iv e r o f t h a t n a m e . 3 5 m ile s
n o r t h w e st o f R e a d i n g ; a ls o o n th e lin e o f th e P h ila d e lp h ia & R e a d in g
a n d S c h u y l k i ll & S u s q u e h a n n a ra ilr o a d s . I t is th e c e n tre o f th e S c h u y l
k i l l c o a l d is tr ic t, t h e a n n u a l p r o d u c t io n o f w h ic h a m o u n t s to a b o u t
5 , 0 0 0 , 0 0 0 to n s.
.— Interest .— .
A m ount
LO A N SRate
When
P rincipal,
OutstandN A M E A N D PU R PO SE.
P . Ot. Payable.
When Due.
ing.
1 9 0 5 $ 1 5 ,0 0 0
F u n d i n g b o n d s ........................ 4
do
........................ 4
1907
2 0 ,0 0 0
do
........................ 4
1911
3 3 ,0 0 0
A l l o f th e se b o n d s b e a r a S ta t e ta x .
I N T E R E S T — W H E R E P A Y A B L E .— In t e r e s t is p a y a b le a t th e office
o f th e B o r o u g h T re a su r e r .
T O T A L D E B T , E t c .— T h e t o t a l fu n d e d d e b t o n O c to b e r 1, 1 8 9 1
w a s $ 6 8 ,0 0 0 . T h e re is a t e m p o r a r y lo a n o u t s t a n d in g o f $ 8 , 0 0 0 fr o m
th e P e n n s y l v a n ia N a t io n a l B a n k , b e a r in g in te re st a t 5 p e r cent.
A S S E S S E D V A L U A T I O N . — I n 1 8 9 0 t h e t o t a l a s se ss e d v a lu a t io n
w a s $ 4 ,0 1 4 ,0 9 0 . T a x r a te (p er $ 1 ,0 0 0 ), $ 2 6 ,0 0 . I n 1 8 8 9 t o t a l a s se ss e d
v a lu a t i o n w a s $ 3 ,5 1 0 ,7 1 1 ; i n 1 8 8 0 it w a s $ 3 ,7 4 6 ,1 7 0 .
P O P U L A T I O N . — T h e p o p u la t io n i n l 8 9 0 w a s 1 4 ,1 1 7 ; in 1 8 8 0 i t w a s
1 3 ,2 5 3 ; i n 1 8 7 0 it w a s 1 2 ,3 8 4 .

H E A D I N G . — T homas P. M erritt , Mayor.
R e a d in g is th e C o u n t y se a t o f B e r k s C o u n t y , o n th e e a st b a n k o f th e
S c h u y l k i l l R i v e r a n d i s o n t h e m a in lin e o f t h e P h ila d e lp h ia & R e a d ­
i n g R a ilr o a d . T h e p r o d u c t io n a n d w o r k in g o f i r o n a n d ste e l is c a r r ie d
o n v e r y e x t e n s iv e ly here.
,— Interest .— .
A m ount

LOANS—

Rate

When

P rincipal,

When Due.
N A M E A N D PU R PO SE.
P- Ot. Payable.
1893
C i t y b o n d s, fu n d e d d e b t... 6
A & O
A p r . 1, 1 8 9 3
do
H a m p d e n res. 4
J & J
J u l y 1, 1 8 9 2
1892
S u b je c t t o c a ll a t a n y tim e.
do
r e f u n d i n g ...... 4
A & O
A p r . 1, 1 9 0 3
do
do
4 A & O
A p r . 1, 1 9 1 8
S u b je c t t o c a ll A p r i l 1 , 1 8 9 8 .
do
do
4 A & O
O ct. 1, 1 8 9 9
fo llo w
is
T h e w a t e r debt, w h ic h ; re p o r t e d se p a ra te ly , is a s follow s
J & J
J a n . 1, 1 9 0 0
.
R e f u n d in g w a t e r b o n d s . ... 4
J & J
J a n . 1, 1 9 0 5
d o ..... 4
do
do
S u b je c t to c a ll 1 8 9 5 .
J & J
J a n . 1, 1 9 0 6
do
d o ..... 4
dp
S u b je c t to c a ll 1 8 9 6 .
J. & J
J a n . 1, 1 9 1 9
do
do
d o ..... 4
S u b je c t to c a ll 1 9 0 4 .
J & J
J u l y 1, 1 9 2 0
do
do
d o . ... 4




Outstand­
ing.
$ 1 2 5 ,0 0 0
5 0 ,0 0 0
9 9 ,0 0 0
2 0 0 ,0 0 0
4 0 ,0 0 0
5 7 ,5 0 0
2 0 ,0 0 0
6 3 ,0 0 0
1 2 5 ,0 0 0
2 0 0 ,0 0 0

T h e t h ir d c it y o f th e S ta te i n p o p u la t io n ; is th e c e n tre o f the c o a l d is
t r ic t s o f L a c k a w a n n a C o u n t y . I t h a s e x t e n s iv e m a n u fa c t o r ie s o f
steel, iro n , ca rs, lo c o m o tiv e s a n d t h e ir a p p u rte n a n c e s .
S c r a n t o n p a id a p re m iu m o f *2 o f the in te re st y e t to b ecom e d u e fo r
th e $ 9 7 ,0 0 0 o f it s c o n so lid a te d b o n d s, w h ic h th e c it y r e c e n tly p u rc h a s e d .
. Interest .— .
—
LOANS —
Rate
When
N AM E AND P U R P O S E '
P. Ot. Payable.
C o n so lid a t e d lo a n ..... 1 8 7 3
7
J & D
do
2 d se rie s. 1 8 7 0
6
J & D
C it y im p ro v e m e n t. . . . 1 8 8 6
do

do

....1 8 8 6

4

J

4

J

&
&

A m ount
Oulstanding.

P rincip al,
When Due.
June
D e c.

1, 1 8 9 3
1, 1 8 9 6

$ 2 1 9 ,0 0 0
1 0 0 ,0 0 0

J |^ ^ so o ^ e a rly ?6 }
j { J ^ b o o 7 y e a rly 0 6 i

do
do
....1 8 8 6 4 * .
F u n d in g lo a n . . ; ; . ; . ; . 1 II6
4

J & J j^ ^ O O ^ e a r ly 1 7 j
J & J
J u l y 1, 1 8 9 6

do
d o ............ 1 8 8 6
M u n ic ip a l b u ild in g . . . 1 8 9 0
do
do
...1 8 9 0
do
do
...1 8 9 0
do
do
...1 8 9 0

J &
F &
F &
F &
F &

4
4
4
4
4

J
A
A
A
A

J u ly
Feb.
Feb.
Feb.
Feb.

1,
1,
1,
1,
1,

7 ,5 0 0
2 0 ’0 0 0

1906
1895
1900
1905
1910

3 5 ,0 0 0
1 5 .0 0 0
1 5 ,0 0 0
1 5 ,0 0 0
2 0 ,0 0 0
2 5 ,0 0 0
3 0 ,0 0 0

T O T A L DEBT, SINKING FUNDS, E T C .— T h e s u b jo in e d sta t e m e n t
s h o w s S c r a n t o n ’s t o t a l m u n ic ip a l debt, th e s in k in g f u n d h e ld b y t h e
c it y a g a in s t th e sam e, a n d th e c it y ’s flo a t in g debt, o n th e fir s t o f O c
tob e r, 1 8 9 0 a n d 1 8 9 1 .

- 1891.

i 890.

T o t a l fu n d e d d e b t ..................... - .....................$ 5 1 6 , 5 0 0

$ 5 3 3 ,0 0 0

Floating debt (unpaid bills, interest, etc,............ 175,129

138,832

T o t a l m u n ic ip a l d e b t ................................. $ 6 9 1 , 6 2 9
L e s s s in k in g f u n d s a n d o t h e r a s s e t s . ................ 2 2 6 ,2 5 4
N e t d e b t o n Oct. 1 .........

1 7 3 ,5 8 9

. $ 4 6 5 ,3 7 5

$ 4 9 8 ,2 4 2

CITY P R O P E R T Y — I n a d d it io n to th e a b o v e sta ted a sse ts t h is c it y
h a s p u r c h a s e d b o n d s to th e a m o u n t o f $ 9 7 , 0 0 0 o f th e is s u e d u e i n 1 8 9 3 .
ASSESSED VALUATION—T h e c it y ’s a sse sse d v a lu a t io n (a b o u t onet h ir d c a s h v a lu e ) a n d t a x r a te h a v e b ee n a s fo llo w s :
Real

Personal

Total Assessed Rate o f Tax

Ptbperty.
Valuation, p e r $1 ,0 0 0 .
Tears.
Estate.
$ 1 ,2 8 2 ,7 0 5
*$ 1 8 ,0 4 6 ,3 1 4
$ 2 6 -9 0
1 8 9 1 ......... $ 1 6 ,7 6 3 ,6 0 9
.......
* 1 ,1 8 9 ,5 4 0
1 6 ,3 8 5 ,8 3 4
1 8 9 0 ........... 1 5 ,1 9 6 ,2 9 4
9 7 ,9 3 4
4 ,6 8 0 ,8 0 5
1 8 8 0 ...........
4 ,5 8 2 ,8 7 1
* T h i s a m o u n t in c lu d e s o c c u p a t io n s a s w e ll a s o th e r p e r s o n a l p ro p e r ty .
P O P U L A T I O N — I n 1 8 9 0 p o p u la t io n w a s 7 5 ,2 1 5 ; in 1 8 8 0 it w a s 45,8 5 0 ; m 1 8 7 0 it w a s 3 5 ,0 9 2 .

S E W I C K L E Y . — Geo. H . A nderson , Burgess.
S it u a t e d i n A ll e g h e n y C o u n t y o n th e O h io R i v e r a n d o n th e P it t s b u r g
F o r t W a y n e & C h ic a g o R a ilr o a d , 1 3 m ile s N . W . o f P it t s b u r g .
,— Interest .— >
A m ount
LO AN S—
Rate
When
P rincipal,
OutstandN A M E AND PURPOSE.
P. Ot. Payable. When Due.
ing.
W a t e r b o n d s ..................... 8
A & O
A p r . 1, 1 8 9 3
¿o
d o ................. .
4
A & O
Oct. 1, 1 8 9 5
1 5 ,0 0 0
S tre e t im p r o v e m e n t b o n d s.

4 *2 F

& A ^ ^ ^ a n y ^ im e l^

}

2 0 ,0 0 0

October 1891.

fENWSYtVANIA— CITIES ANO TOWNS,

INTEREST—WHERE PAYABLE.—In t e r e s t

i s p a y a b le a t th e F i r s t

N a t io n a l B a n k o f A lle g h e n y .
E t c .— T h e t o t a l fu n d e d d e b t o n J a n u a r y 1 st, 1891 ,
w a s $ 9 5 ,0 0 0 ; s in k in g f u n d a s se ts $ 1 4 ,0 0 0 ; n e t d e b t $ 8 1 , 0 0 0 ; w a t e r
d e b t $ 7 5 ,0 0 0 .

C IT Y P R O P E R T Y .— T h e b o r o u g h o w n s a w a t e r p la n t a n d o th e r
a v a ila b l e a s s e ts a m o u n t in g to a b o u t $ 1 2 2 ,2 5 0 .
A S S E S S E D V A LU A T IO N . I n 1 8 9 0 th e a s se ss e d v a lu a t io n (a b o u t
o n e -h a lf a c t u a l v a lu e ) o f r e a l e sta te w a s $ 1 ,4 3 0 ,0 3 5 ; o f p e r s o n a l p ro p ,
e r t y $ 1 4 3 , 0 0 0 ; t o t a l $ 1 ,5 7 3 ,0 3 5 . T a x r a te (p e r $ 1 ,0 0 0 ) $ 1 5 -0 0 , w it h a
S t a t e t a x o f 3 m ills o n m o n e y a t in te re st. I n 1 8 8 9 t o t a l a s se ss e d v a lu ­
a t io n w a s $ 1 ,5 2 2 ,1 5 0 ; in 1 8 8 0 it w a s $ 1 ,1 1 3 ,3 5 4 .
P O P U L A T I O N . — T h e p o p u la t io n i n 1 8 9 0 w a s 2 ,7 5 0 ; in 1 8 8 0 w a s
2 , 0 5 3 ; in 1 8 7 0 w a s 1,£72.

S H A R O N — H arry Orchard , Burgess.
T h is b o r o u g h is in M e r c e r C o u n ty .

L O A N S—

B orough B onds.
5 s,
5 s,

M &N,
M&N,

$ 5 0 ,0 0 0
1 ,5 0 0

When Due. \ In t e r e s t p a y a b le in S h a ro n .
,,
I T o t a l d eb t 1 8 9 1 ...........
$ 5 1 ,5 0 0
. M a y 1 , 1 9 0 5 I T a x v a lu a t io n 1 8 9 1 ..... 2 ,0 0 0 ,0 0 0
. M a y 1 , 1 9 0 5 | P o p u la t io n 1 8 9 0 w a s . . .
7 ,4 5 9

S H A R P S B U R G . — A. G. L oyd , Mayor.
S h a r p s b u r g is i n A ll e g h e n y C o u n t y ,
_ LO A N S — .
W hen Due. T o t a l deb t 1 8 9 1 ............. $ 5 4 , 5 0 0
5 s, M & S . $ 5 4 ,5 0 0 , $ 2 ,0 0 0 to $ 6 .0 0 0 T a x v a lu a t io n 1 8 9 0 ........1 ,7 1 0 ,3 0 0
_
.
e a c h ye ar.
A s s e t s (a b o u t )................
7 0 ,0 0 0
B o n d s fre e fr o m S ta te ta x.
T a x ra te p e r $ 1 , 0 0 0 ......
$ 1 4 -5 0
In t e r e s t p a id i n P it ts b u r g .
P o p u la t io n in 1 8 9 0 w a s ....... 4 ,8 9 8

SO U T H
B E T H L E H E M . — H.
Burgess.

S.

G oodwin ,

R T h is b » rou gh is i n N o r t h a m p t o n C o u n ty .
LO ANS—
When Due.
Valuation, etc .—
P"Borough B ondsT o t a l d e b t 1 8 9 0 ............ $ 9 9 , 5 0 0
48, ........ $ 6 9 ,5 0 0 .... A u g . 1, 1 9 1 6
T a x v a lu a t io n 1 8 8 0 ...... 2 , 8 5 7 ,7 4 6
4 s » ....... . 1 5 ,0 0 0 .... A u g . 1, 1 9 1 9 P o p u la t io n in 1 8 9 0 w as.. . . . 1 0 , 3 0 2
A u g . 1, 1 9 2 0 P o p u la t io n i n 1 8 8 0 w a s ..... 4 ,9 2 5
4 s > ....... . 1 5 , 0 0 0

SO U T H

Interest .—
Bate
When
P. Gt. Payable.

LO AN S—

T O T A L D E BT ,

C H E S T E R . — 0 . B. H ouston, Burgess.

T h is b o r o u g h is i n D e la w a r e C o u n t y .

3r L O A N S When Due. I T o t a l d eb t M a r . 1 , 1 8 9 1 . . $ 1 3 8 , 0 0 0
B orough B onds—
I T a x v a lu a t io n in 1 8 8 0 . . . 1 , 1 3 5 , 2 8 5
4 s , J & J , $ 1 3 2 ,5 0 0 .. .p a r t y e a r ly I P o p u la t io n in 1 8 9 0 w a s ....... 7 ,0 7 6
4 *a s, J & J ,
8 ,0 0 0 .. .p a r t y e a r l y | P o p u la t io n in 1 8 8 0 w a s .......3 ,6 6 4

77

N A M E A N D PU RPO SE.

P rincipal,
When Due.

Im p r o v e m e n t b o n d s ......... 4
A & O
A p r . 1, 1 8 9 7
$ 1 0 6 ,7 0 0
„ .
. . .
,
( A p r. 1 ,1 9 0 1 , sub - )
a & O < je c t to c a ll a t
>
4 5 ,0 0 0
S c h o o l b o n d s .................... 4
.„ .
.
(
a n y tim e.
)
A l l t a x e s o n b o n d s a re p a id b y t h e b o ré ugh.

IN T E R E S T — W H E R E P A Y A B L E — In t e r e s t

is p a y a b le a t th e office

o f t h e B o r o u g h T re a su re r.

T O T A L D EBT , E t c .— T h e t o t a l fu n d e d d e b t o n S e p te m b e r 1 , 1 8 9 1 ,
w a s $ 1 0 6 , 7 0 0 ; s in k in g f u n d a sse ts, $ 5 , 8 0 0 ; n e t debt, $ 1 0 0 ,9 0 0 . T h e
w a t e r deb t is in c lu d e d in th e im p r o v e m e n t b o n d s.
W A T E R W O R K S, Et c .—T h e b o r o u g h o w n s w a t e r w o rk s , sehool
h o u s e s a n d o th e r b u ild in g s v a lu e d a t $ 2 2 5 ,0 0 0 . T h e w a t e r w o r k s ,
w h ic h a re w o rt h $ 1 0 0 ,0 0 0 , e a rn e d fo r th e y e a r 1 8 9 0 $ 1 7 ,1 6 6 , w h ile thé
e x p e n s e s fo r r u n n i n g sa m e w e re $ 4 ,9 4 7 , le a v in g the s u m o f $ 1 2 , 2 1 9 a s
t h e n e t e a r n in g s.
A S S E S S E D V A L U A T I O N — I n 1 8 9 1 th e t o t a l a s se ss e d v a lu a t io n s u b
je c t to lo c a l t a x w a s $ 5 ,9 3 9 ,8 6 5 ; t o t a l t a x r a te (p e r $ 1 ,0 0 0 ), $ 1 1 - 5 0 ;
S ta t e t a x o n m o n e y a t in te re st, $3-00. I n 1 8 8 9 t o t a l a s se ss e d v a lu a t io n
w a s $ 5 ,7 3 2 ,5 3 5 ; in 1 8 8 0 it w a s $ 6 ,7 8 8 ,9 0 5 .
P O P U L A T I O N — T h e p o p u la t io n in 1 8 9 0 w a s 8 , 0 2 8 ; in 1 8 8 0 it w a s
7 ,0 4 6 ; i n 1 8 7 0 it w a s 5,630.

W E S T M O R E L A N D

C O U N TY.

C o u n t y se a t is G r e e n s b u r g h .

LO ANS-

County B onds—
4 s , .......... $ 2 5 ,0 0 0
4 i g s ........ 2 5 ,0 0 0
4 2 - 5 s . ...
7 ,0 0 0
4 % s .......
3 ,5 0 0
412s .......
2 ,0 0 0

When D u e
Feb.
Sept.
A p r.
A p r.
A p r.

1,
1,
1,
1,
1,

1894
1894
1395
1895
1895

F e b . 1, 1 8 9 8
4 * a s ....... 3 3 ,5 0 0
F e b . l , ’9 2 -’9 9
4 s ....... .. 3 5 ,5 0 0
4 s .......... 5 9 ,0 0 0 F eb . 1,’9 5 to 1 9 2 0
T o t a l d e b t 1 8 3 0 .........
$ 1 9 0 ,5 0 0
T a x v a lu a t io n 1 8 9 1 ... 3 0 ,7 0 6 ,1 6 4
P o p u la t io n 1 8 9 0 w a s .
1 1 2 ,8 1 9
P o p u la t io n 1 8 8 0 w a s .
7 8 ,0 3 6

W I L K E S B A R R E . — Chas . B. S utton, Mayor.
Situated in Luzerne County, on the north branch o f the Susquehanna
River. It is noted for its many and extensive coal mines of anthracite
coal. Manufactories of locomotives, machinery and railroad cars, etc.,
are located here.

LOANS—

N A M E A N D PU R PO SE.

'
Interest .— \
B ate
When
P rincipal,
P. Gt. Payable.
When Due.
............ 6
Aug. 1 Aug. 1 , 1897

Funding bon d s....
Extension bonds, 1874............ 5 M
City bonds, 1887, series A ....... 4 ^ F
do
do
series B ....... 4 ^ J
Sewer bonds, series A ............. 4*3 M

&N
& A
& D
& N

May
Feb.
Dec.
Nov.

1,
1,
1,
1,

1894
1897
1892
1900

R e f u n d in g s e w e r b o n d s .......................................................

T IO G A

C O U N T Y . - 0 . G. G erould, Treas.

C o u n t y se a t is W e lls b o ro u g h .
B o n d e d d eb t J a n . 3 ,1 8 9 1 . $ 1 1 0 , 6 0 0
F lo a t i’g d e b t Ja n . 3 , 1 8 9 1 .
7 ,1 3 3

P o p u la t io n i n 1 8 9 0 w a s .....5 2 ,3 1 3
P o p u la t io n i n 1 8 8 0 w a s .....4 5 , 8 1 4

T I T U S V I L L E . — J ohn S chw artz , Mayor.

A m ount
Outstand ing.

Certificates................................. 5

M&N

Nov. 1, 1894

Aivio'it'yit
Outstanding.

$25,000
30 000
20 000
10000
60000
16 000

10*000

T O T A L DEBT, Et c .—The total funded debt on April 1 , 1890, was
$180,169; floating debt, $114,431; making total municipal debt, $294,601; to meet which there is the sum of $160,533, composed of sinking
funds, cash and money due the' city, all of which is to be applied
towards the payment of the debt.
C I T Y P R O P E R T Y . — I n a d d it io n to th e a b o v e th e c it y o w n s p r o p e r t y

Situated in Crawford County, on Oil Creek, on the Oil Creek & Alle­ a m o u n t in g to o v e r $ 1 0 0 ,0 0 0 .
gheny and several other railroads. It has several oil wells, oil refin­
ASSESSED VALUATION.—In 1889 the total assessed valuation
eries, etc., and is one of the most populous towns of the oil region.
was $4,688,831; tax rate (per $1,000), $20-00. In 1880 total assessed
----\
f YOilTlt
Yl
valuation was $2,822,935.
LOANS
Bate
When
P rincipal,
Outstand-

P. Gt. Payable.
When Due.
4
........
1891,’95,’96& ’97
do
....................... 4
.......
1900
do
....................... 4
.......
1901, ’03 & ’05
do
....................... 4
.......
1906
do
........................ 4
.......
1907
W a t e r b o n d s . . ................ ! 4
.......
1891,’94,’95& ’96
do
..................... 4
....... 1897, ’98 & 1900
..................... 4
do
.......
1901, ’03 & ’04
do
..................... 4
.......
1905,’06,’07 &’08
S e w e r b o n d s ..............
4
.......
1894
N A M E A N D PU R PO SE.

ing.

$5,800
20,000
12,000
34,000
33,000
15,800
21,000
29,200
25,400
1,000
do
4
=
1901
4,500
do
4
1906
2,100
INTEREST—WHERE PAYABLE.—Interest is payable by the City
Treasurer.
City. bonds...........................

T O T A L DEBT, Et c .—The total funded debt on January 1,1890,
was $204,300; sinking fund assets, $7,000; net debt, $197,300; water
debt, $91,400.
CITY PRO PERTY .—The city owns a water works and electric light
plant, and other property and assets amounting to about $295,196.
W ATER W O RK S.—The city owns its water works.which cost about
$140,000, the net earnings from which for 1889, after deducting the
expenses for maintenance and construction, were $7,405.
ASSESSED VALUATION.—In 1890 the assessed valuation of real
estate was $1,342,949 ; of personal property, $16,584; total, $1,359,533. Tax rate (per $1,000), $17-77. In 1880 total assessed valhation
was $1,655,756.
POPULATION.—The population in 1890 was 8,073; in 1880 it was
9,046; in 1870 it was 8,639.

P O P U L A T I O N . — T h e p o p u la t io n i n 1 8 9 0 w a s 3 7 ,7 1 8 ; i n 1 8 8 0 it w a s
2 3 ,3 3 9 ; i n 1 8 7 0 it w a s 1 0 ,1 7 4 .

W I L L I A M S P O R T . — F red . H. K eller ,M ayor.
C a p it a l o f L y c o m i n g C o u n t y , o n t h e S u s q u e h a n n a R iv e r , o n t h e lin e
o f th e P h ila d e lp h ia & E r i e a n d s e v e r a l o th e r r a ilr o a d s . I t is r e p u te d
to b e th e g r e a t e s t lu m b e r m a r k e t o f the State.

1 _ . . 1-

LO A N S—

N A M E A N D PU RPO SE.

/ -Interest .— *
—

Bate
When
P. Gt. Payable.

P rincip al,
When Due.

A m ount
Outstanding.

C it y b o n d s ............................ 4
M & S
Sept., 1 9 0 1
$ 6 6 3 ,5 0 0
A s in k in g f u n d t a x o f $ 3 -0 0 p e r $ 1 , 0 0 0 is le v ie d o n a ll t a x a b le p r o p ­
e r t y i n t h is c it y a n d b o n d s to th e a m o u n t r a is e d b y t h is t a x a re c a lle d
a n d p a id (p a r a n d a c c r u e ^ in te re st) e a c h ye a r. T h e a m o u n t t h u s r e ­
d eem ed in 1 8 9 0 w a s $ 2 1 ,3 0 0 . T h e c it y p a y s th e S ta t e t a x o n it s b on d s.
IN T E R E S T — W H E R E PA YA BLE.— In t e r e s t is p a id b y t h e C it y
T re a su r e r .

T O T A L D EBT , E t c .— T h e t o t a l fu n d e d d e b t o n A p r i l 1 , 1 8 9 1 , w a s
$ 6 8 8 ,5 0 0 ; s i n k i n g f u n d a sse ts, $ 2 ,0 0 0 ; n e t debt, $ 6 6 1 ,5 0 0 .
A S S E S S E D V A L U A T IO N . — I n 1 8 9 1 th e t o t a l a s se ss e d v a lu a t io n
(a b o u t 6 0 p e r ce n t o f a c t u a l v a lu e ) w a s $ 8 ,4 9 4 , 4 2 6 ; t a x ra te (p e r
$ 1 ,0 0 0 ), $ 1 4 -0 0 . I n 1 8 8 0 t o t a l a s s e s s e d v a lu a t io n w a s $ 6 ,2 2 4 ,3 5 0 .
P O P U L A T I O N . — T h e p o p u la t io n i n 1 8 9 0 w a s 2 7 ,1 3 2 ; in 1 8 8 0 w a s
1 8 ,9 3 4 ; i n 1 8 7 0 w a s 1 6 ,0 3 0 .

Y O R K . . — D. K . N oell, Mayor.

Y o r k i s t h e c a p it a l o f Y o r k C o u n t y a n d o n th e lin e o f t h e P e n n s y l ­
v a n i a R a il r o a d a b o u t 9 0 m ile s w e s t o f P h ila d e lp h ia . I t is t h e c e n tre
W A Y N E C O U N T Y . — W .J . F erber, Treasurer. 0 f a h ig h ly c u lt iv a t e d , fe rt ile a n d . p o p u lo u s c o u n t ry . T h e s h o p s o f th e
C o u n t y se a t is H o n e sd a le .
v-m
ouae. N o r t h e r n C e n t r a l R a il r o a d a re lo c a te d here, t o g e th e r w it h a n u m b e r of
LO A N S —
When Due. N e t d e b t........................ $ 2 3 ,6 6 8 o t h e r c a r sh o p s, f o u n d r ie s a n d m a n u fa c to rie s.
4 s, v a r. $ 3 6 , 0 0 0 ...........
1 8 9 2 T a x v a lu a t io n 1 8 9 1 ....... 4 , 5 0 0 ,0 0 0
< Interest .— .
—
A m ount
In t e r e s t p a id i n H o n e sd a le .
C o u n t y t a x (p er $ 1 ,0 0 0 ).
$ 6 -0 0
LO A N S —
Bate
When
P rincipal,
OutstandT o t a l d eb t J u l y 1 , 1 8 9 1 . . $ 4 4 ,1 4 9 P o p u la t io n i n 1 8 9 0 w a s ___ 3 1 ,0 1 0
N A M E A N D PU RPO SE.
P. Gt. Payable.
When Due.
ing.
S i n k i n g f u n d .................
2 0 ,4 8 1 P o p u la t io n i n 1 8 8 0 w a s . . . . 3 3 ,5 1 3
H ig h w a y im p ro v e m e n tb o n d s , 4
A ugust
A u g . 1,
1 8 9 4 $ 1 3 ,0 0 0
do
do
....
1 9 0 4 2 0 ,0 0 0
do
4
J
& D
do
do
do
4
N ov.
2
N ov.
2, 1 9 0 5 2 0 ,0 0 0
W E S T C H E S T E R . — M. S. W a y , Burgess.
do
do
do
4
M & S
2 1 s t M & S , 1 9 0 7 2 0 ,0 0 0
do
do
do
4
A
& O 2 4 t h A & O, 1 9 0 8 2 0 ,0 0 0
T h is b o r o u g h i s th e c a p it a l o f C h e st e r C o u n t y , a n d is th e W e s t e r n
do
do
4
F
& ■A
. do #
v
u,v
* -LsWL \iAj, .L9J v 1 7 ,0 0 0
* 1Ot F & A 1U1 0 X ■
X
LF
UvU
t e r m in u s o f the W e s t C h e st e r & P h ila d e lp h ia R a ilr o a d , 2 7 m ile s w e s t o f
F & A
I s t F & A , 1 9 1 5 1 0 ,0 0 0
S tr e e t im p r o v e m e n t b o n d s ---- 4
P h ila d e lp h ia . I t is th e se a t o f a n u m b e r o f e d u c a t io n a l in s t it u t io n s .
T h e se b o n d s a re a ll su b je c t to c a ll




4

78

Voi. LUI.

,£ i v r £ f n \

O f th e to ta l p o p u la t io n 1 8 -0 4 p e r ce n t w a s co lo re d i n 1 8 8 0 a n d 17-22:
I N T E R E S T — WH ERE P A Y A B L E . -Interest is payable at York, Pa.
T O T A L DEBT, Et c .—T h e total funded debt on May 1st, 1891, was p e r ce n t in 1 8 9 0 . I n n u m b e r b la c k s w e re 2 0 ,3 6 3 i n 1 8 5 0 , 2 1 , 6 2 7 i n
1 8 6 0 , 2 2 ,7 9 4 i n 1 8 7 0 , 2 6 ,4 4 2 i n 1 8 8 0 a n d 2 9 ,0 2 2 i n 1 8 9 0 .
$120,000; sinking fund assets $4,100; net debt $115,900.
BANKS—STATE, NATIONAL AND SAVINGS INSTITUTIONS.
CITY PRO PERTY.—The city owns public buildings and available
— T h e re a re t w o m o r e n a t io n a l b a n k s i n D e la w a r e n o w t h a n th e re w e re
assets amounting to $43,543.
a t t h e e n d o f 1 8 8 5 — t h a t is, th e re a re 1 8 n a t io n a l b a n k s a lto g e th e r in
ASSESSED V A L U A T I O N . — In 1890 the total assessed valuation
•was $10,602,366. Tax rate (per $1,000) $9-50. In 1880 total assessed the S ta te — a n d th e a g g re g a te d e p o sit s o f th e se in s t it u t io n s o n J u l y 9 ,
1 8 9 1 , w e re $ 4 ,2 0 4 ,5 8 9 , a g a in s t $ 3 ,5 8 7 ,0 9 8 h e ld b y the 1 6 b a n k s i n
valuation was $5,832,987.
POPULATION.—The population in 1890 was 20,793; in 1880 was e x iste n c e in 1 8 8 5 . T o t a l c a p it a l n o w i s $ 2 ,1 3 3 ,9 8 5 , a g a in s t $ 2 ,0 3 3 ,9 8 5 ,
a n d s u r p lu s a n d p ro fit s a m o u n t to $ 1 ,1 5 5 ,9 4 6 , a g a in s t $ 9 5 7 ,5 8 4 . A c ­
13,940; in 1870 was 11,003.
c o r d in g to the la s t re p o r t o f th e U n it e d S ta te s C o m p t r o lle r o f t h e C u r ­
re n c y , th e re is a ls o o n e la r g e c o m m e r c ia l b a n k o rg a n iz e d u n d e r S t a t e
a u t h o r it y ; it s figu re s, a s g iv e n i n th e C o m p t r o lle r ’s re p o rt, a p p e a r i n
th e ta b le b elow .

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 m i l e s ) ........................................ 2,050
State C a p i t a l , ..................................................Dover
Governor (term expires 3d Tuesday, Jan., 1895) R. J Reynolds
Secretary of State (term expires with Governor) D. T. Marvel
Treasurer (terms Jan., 1893) W ilbur H . Burnite
Legislature meets biennially in odd years on the first Tues­
day in January, and there is no limit to length of sessions.
HISTORY OF D E B T . — D e la w a r e h a d n o d e b t p r i o r to th e W a r. I n
J a n u a r y , 1 8 6 5 , it m a d e a n is s u e o f b o n d s a m o u n t in g to $ 1 ,1 0 0 ,0 0 0 , w h ic h
w a s k n o w n a s th e W a r lo an. I n J a n u a r y , 1 8 6 7 , a n o th e r lo a n o f $ 4 0 0 ,0 0 0 , a n d in J a n u a r y , 1 8 7 4 , s t ill a n o th e r o f $ 2 0 0 ,0 0 0 , w e re nego tia te d,
th e se t w o la tte r is s u e s b e in g ca lle d in t e r n a l im p r o v e m e n t b o n d s a n d th e
m o n e y s b e in g lo a n e d to c e rta in r a ilr o a d c o m p a n ie s w it h in the Sta te. I n
r e t u r n fo r th e se m o n e y s D e la w a r e to o k a firs t m o r tg a g e o n th e r o a d s
benefltted, a n d th e r o a d s a lw a y s , w e believe , p a id th e in te re st a n d h a v e
a lso p a id a p o r t io n o f the p rin c ip a l. I n 1 8 8 1 D e la w a r e r e fu n d e d i t s
d e b t i n g o o d p a r t at 4 p e r cent, is s u in g th re e c la sse s o f b o n d s d e sig n a te d
r e s p e c t iv e ly a s “ S e r ie s A , ” (c o n s is t in g o f $ 2 5 0 ,0 0 0 d u e J u l y 1, 1 8 8 6 ,
a n d red ee m a b le a fte r J u ly 1 ,1 8 8 2 ); “ S e rie s B , ” (c o n s is t in g o f $ 3 0 0 , 0 0 0
d u e J u l y 1 ,1 8 9 1 , a n d re d e e m a b le a fte r J u l y 1, 1 8 8 6 ); a n d “ S e r ie s C ,”
(c o n s is t in g o f $ 1 6 5 ,0 0 0 d ue J u l y 1, 1 9 0 1 , a n d re d e e m a b le a fte r J u l y 1,
1 8 9 1 ); a n d a lso is su e d a s in g le b o n d fo r $ 1 5 6 ,7 5 0 to th e t ru ste e s o f th e
S c h o o l F u n d at 6 p e r ce n t in te re st, p a y a b le 19Q6. S in c e 1 8 8 1 a p o r ­
t io n o f t h is re fu n d e d d e b t h a s b e e n p a id a n d o t h e r p o r t io n s r e fu n d e d
a g a in , $ 2 5 0 ,0 0 0 o f th e la t t e r b e in g n e g o tia te d a t a s lo w a ra te o f in te r ­
e st a s 3 p e r cent, T h e e x te n t a n d c o n d it io n o f th e d e b t a n d r e so u rc e s
o f t h e S ta te a re g iv e n b e lo w , a n d s h o w t h a t D e la w a r e n o w h o ld s g o o d
a sse ts m o re t h a n e q u a lin g it s lia b ilitie s.
A m ount, Interest .— *
—
LOANS—

Bate

When

P rincipal,

Outstand­
ing.
$ 1 5 6 ,7 5 0
8 3 .0 0 0
1 6 5 .0 0 0

120.000
2 5 0 ,0 0 0
7 5 .0 0 0

INTEREST—W H ERE P A Y A B L E . — In t e r e s t o n th e b o n d s o f se rie s
“ B ” a n d “ C ” a n d o f t h e “ Is s u e o f 1 8 8 5 ” is p a y a b le a t th e P h ila d e l­
p h ia N a t io n a l B a n k in P h ila d e lp h ia .
T O T A L DEBT, ETC.—T h e t o t a l fu n d e d d e b t o n J a n u a r y 1 , 1 8 9 1 ,
w a s $ 8 9 9 ,7 5 0 . T o t a l a s se ts w e re $ 1 ,0 8 2 ,4 4 0 ; a s se ts i n e x c e s s o f lia b il­
it ie s $ 1 8 2 ,6 9 0 . T h e t o t a l a s se ts w e re m a d e u p o f th e f o llo w in g i t e m s :
b a n k s t o c k s $ 4 7 7 ,4 4 0 ; m o r t g a g e s o n r a ilr o a d s $ 6 0 0 ,0 0 0 , a n d S u s s e x
C o u n t y b o n d $ 5 ,0 0 0 . T h e t o t n l d e b t in 1 8 8 0 w a s $ 8 8 0 ,7 5 0 .
D E BT LI MI T A T IO N.—N e it h e r th e C o n s t it u t io n n o r th e S ta t e sta tu te s
c o n t a in a n y g e n e ra l p r o v is io n s a u t h o r iz in g b o n d is s u e s o r li m it in g th e
d e b t -m a k in g p ow e r. T h e w h o le a u th o rity , b o t h a s r e g a r d s th e S ta te
a n d it s m u n ic ip a lit ie s , r e s ts w it h th e L e g isla tu re , a n d th e L e g is la t u r e
a lw a y s p a s s e s s p e c ia l a c ts to p r o v id e f o r s p e c ia l o c c a s io n s a n d needs.
C o n s e q u e n t ly eac h lo a n p u t o u t b y a m u n ic ip a lit y in D e la w a r e r e s ts o n
t h e la w a u t h o r iz in g it, a n d th e a m o u n t o f fu t u r e lo a n s re s ts o n th e d is ­
c r e tio n firs t o f th e c it y o r t o w n a n d fin a lly o f th e L e g isla tu re . I n su c h
a n o ld c o n s e r v a t iv e S ta te th e re is p r o b a b ly n o d a n g e r o f th e p e o p le o f
a n y t o w n o r c it y e v e r o v e r s t e p p in g th e lim it o f safety, o r if t h e y s h o u ld
d e sire to, t h a t th e L e g is la t u r e w o u ld a u th o r iz e it.
P O P U L A T I O N O F S T A T E . — I n siz e D e la w a r e is n e x t to R h o d e
Is la n d , th e s m a lle s t S ta t e in t h e U n io n , a n d h e n ce th e a g g re g a te o f it s
p o p u la t io n is n o t la rge . B u t t h e n u m b e r h a s b e e n g r o w in g t h r o u g h a ll
t h e C e n s u s p e r io d s s in c e t h e first, th e g r o w t h d u r in g the la s t fift y y e a r s
h a v i n g b e e n e s p e c ia lly m a rk e d .
I n 1 7 9 0 th e e n u m e ra t io n sh o w e d
5 9 ,0 9 4 p e r s o n s a n d i n 1 8 0 0 6 4 ,2 7 3 ; i n 1 8 1 0 the n u m b e r w a s 7 2 , 6 7 4 ;
d u r in g th e n e x t 3 0 y e a r s th e a d d it io n s w e re sm a ll, so t h a t e v e n in 1 8 4 0
th e t o t a l h a d r is e n to o n ly 7 8 ,0 8 5 ; s in c e the n, h o w e v e r, th e g r o w t h h a s
b e e n r a p id , the p o p u la t io n a c c o r d in g to th e 1 8 9 0 C e n s u s b e in g 1 6 8 ,4 9 3
1 8 9 0 ...............1 6 8 ,4 9 3 1 8 6 0 ............ ..1 1 2 ,2 1 6 1 8 3 0 ................ 7 6 ,7 4 8
1 8 8 0 ...............1 4 6 ,6 0 8 1 8 5 0 ................ 9 1 ,5 3 2 1 8 2 0 ............ . . . 7 2 , 7 4 9
7 2 ,6 7 4
1 8 7 0 ...............1 2 5 ,0 1 5 1 8 4 0 . . . . . ......... 7 8 ,0 8 5 1 8 1 0 ......
F r o m 1 8 6 0 t o 1 8 7 0 t h è a d d it io n to p o p u la t io n w a s 1 2 ,7 9 9 , o r 1 1 -4 1
p e r c e n t; f r o m 1 8 7 0 t o 1 8 8 0 2 1 ,5 9 3 , o r 1 7 -2 7 p e r ce n t; a n d f r o m 1 8 8 0
t o 1 8 9 0 2 1 ,8 8 5 , o r 1 4 -9 3 p e r cent.




State.
(Dec. 17,’89.)

National.
(July 9,’91.)

IT S

When Due.
N A M E A N D PU R PO SE.
P- Gt- Payable.
J u l y 1, 1 9 0 6
---B o n d iss. to s c h o o l f u n d 1 8 8 1 . 6
p e rp e tu a l
Cer. to D e la w a r e C o lle g e 1 8 7 7 6
S e r ie s “ C ” 1 8 8 1 .................... 4=
J & J J u l y 1, 1 9 0 1
C a lle d f o r p a y m e n t J a n u a r y 1 , 1 8 9 2 ,
Is s u e o f 1 8 8 5 ........................ 4
J & D J u n e 1, 1 9 0 5
S u b je c t to c a ll o n o r a fte r J u n e 1 , 1 8 9 5 .
P a r t o f ser. “ B ” re fu n d . 1 8 8 7 3
J & D
J u n e 1, 1 9 0 7
S u b je c t to c a ll o n o r a ft e r J u n e 1 ,1 8 9 7 .
R e -ie su e o f 1 8 8 9 lo a n ............. 4
J & J J u l y 1, 1 9 0 1
S u b je c t to c a ll o n a n y in te re st d a y a fte r 1 8 9 3 .

-1885.

-1 8 9 0 -9 1 .-

State of Delaware.

National.
(Dec. 24.)

State.

16
1
18
N o. o f b a n k s . ......
$ 2 ,0 3 3 ,9 8 5
$ 6 8 0 ,0 0 0
C a p it a l........ ...... $ 2 ,1 3 3 ,9 8 5
9 5 7 ,5 8 4
3 4 8 ,3 0 2
S u r p lu s & p ro fits. 1 ,1 5 5 ,9 4 6
3 ,5 8 7 ,0 9 8
9 8 7 ,2 6 5
D e p o s it s, in d iv id . 4 ,2 0 4 ,5 8 9
T h is S ta te b a n k , it w i ll b e o b se rv e d , h e ld o n D ec. 1 7 , 1 8 8 9 , $ 9 8 7 , 2 6 5
o f d e p o sits, a n d in a d d it io n th e re w a s o n J u n e 3 0 , 1 8 9 0 , o n e lo a n a n d
t r u s t c o m p a n y w it h in th e State, w it h $ 4 5 4 , 5 0 0 ca p ita l, $ 5 5 , 0 2 9 s u r p l u s
a n d p ro fits, a n d $ 5 3 7 , 2 4 6 d e p o sits. T h e C o m p t r o lle r fo u n d o n ly t w o
s a v i n g s b a n k s in the S ta te o n J u n e 3 0 , 1 8 9 0 , a n d t h e ir c o m b in e d o p e ra ­
t io n s a n d a c c o u n ts a re se t o u t in th e *su b jo in e d statem ent.
1890.
Savings Banks.

(June SO.)

N o . o f b a n k s .............
2
--•
-N o . o f d e p o s it o r s ......
1 6 ,0 0 0
.......
.......
.......
A m t. o f d e p o s it s ....... $ 3 ,6 0 3 ,5 3 1 ...................................................... S u r p lu s a n d p r o f it s . ..
3 8 9 ,8 9 8 ........................................................
A v e r , e a ch d e p o s it
2 2 5 ............................ ......
................
T h u s the re a re 1 6 ,0 0 0 d e p o sito rs, w it h $ 3 ,6 0 3 ,5 3 1 s t a n d in g to t h e ir
credit. I f w e a d d to g e th e r th e d e p o sits o f th e S ta te a n d n a t io n a l b a n k s
a n d th e t r u s t c o m p a n ie s a n d s a v i n g s b a n k s , w e ge t a g r a n d t o t a l o f
a b o u t 9 *3 m ill io n d o lla rs.

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 . — J ames B. B ice , Treasurer.
D o v e r th e c a p ita l o f D e la w a r e is s it u a t e d o n J o n e s C re e k a n d a b o u t
4 8 m ile s s o u t h o f W ilm in g t o n . I t is a ls o th e c o u n t y se a t o f K e n t
C o u n ty.
/ interest .— ,
—
A m ount
I D AN S—
Bate
When
P rincipal,
OutstandN A M E A N D PU R PO SE.
P. Ot. Payable. When Due.
m g.
W a t e r b o n d s ........................... 4
J & J J u l y 1, 1 9 0 1
$ 2 0 ,0 0 0 .
S u b je c t to c a ll i n n u m e r ic a l o rd e r o n th re e m o n t h s notice.
IN T E R E S T -W H E R E

P A Y A B L E — In t e r e s t

F a r m e r ’s B a n k o f D o v e r .

is

p a y a b le

at

the

.

T O T A L D E B T , E t c .— T h e t o t a l fu n d e d d e b t o n J a n u a r y 1 , 1 8 9 1 ,
w a s $ 2 0 ,0 0 0 , a ll f o r w a t e r debt.

ASSESSED VALUATION.—I n 1 8 9 0 th e a s se ss e d v a lu a t io n o f r e a l
e sta te w a s $ 1 , 8 0 0 , 0 0 0 ; o f p e r s o n a l p r o p e r t y $ 3 0 , 0 0 0 ; t o t a l $ 1 ,8 3 0 ,0 0 0 . T a x r a te (p er $ 1 ,0 0 0 ) $ 3 -8 0 (city t a x ) ; c o u n t y ta x , $ 4 - 0 0 ; S t a t e
t a x , n o n e ; total, $7 -8 0 . P r o p e r t y is s u p p o s e d to b e a s se ss e d a t c a s h
v a lu e .

*

POPULATION.— T h e p o p u la t io n i n 1 8 9 0 w a s 3 , 0 6 1 ; in 1 8 8 0 w a s
2 , 8 1 1 ; i n l 8 7 0 w a 8 1,9 0 6 .

N E W A R K . — Geo. W . W illiam s , Treas.
S it u a t e d i n N e w C a st le C o u n t y , o n t h e lin e o f t h e P h ila d e l p h ia &
W ilm in g t o n a n d B a lt im o r e & O h io r a ilr o a d s , a b o u t 1 2 m ile s S. W . o f
W ilm in g t o n .
I DAN S—
< Interest .— —
NAME AND P U R P O S E .
P. Ot. Payable.
W a t e r b o n d s .......................... 5
J & D

IN T E R E ST -W H E R E

.-------- P rincipal, ----When Due. Outstand’ g

PAYABLE.—In t e r e s t

1896
is

p a y a b le

$ 3 7 ,0 0 0
at th e

N a t io n a l B a n k o f N e w a r k , D e la w a re .
T O T A L D E B T E t c .— T h e t o t a l funded d e b t o n J a n u a r y 1st, 1 8 9 1 ,
w a s $ 3 7 , 0 0 0 ; w a t e r debt, $ 3 7 ,0 0 0 .

ASSESSED VALUATION.—I n 1 8 9 0 t h e a s se ss e d v a lu a t io n o f r e a l
esta te w a s $ 5 0 0 , 0 0 0 ; o f p e r s o n a l p r o p e r t y $ 5 0 , 0 0 0 ; t o t a l $ 5 5 0 , 0 0 0 T
t a x r a te (p e r $ 1 ,0 0 0 ) $ 1 0 -0 0 .
POPULATION.— T h e p o p u la t io n i n 1 8 9 0 w a s 1 , 1 9 1 ; i n 1 8 8 0 w as1 ,1 4 8 ; in 1 8 7 0 w a s 915.

N E W

C O . — E. H a m a n , Treasurer,

C A ST L E

C o u n t y se a t i s .................. .

LOANS—
W hen Due.
Chakity B uilding L oan—

F unding F loating D ebt-

58, J & J , 180,000 . ..$ 1 0 ,0 0 0 y e a r l y
$ 4 8 6 ,9 0 6
T o t a l b o n d s, 1 8 9 0 ......
F lo a t i n g d e b t .......—
73,0(W>
g c3
O tB ® T a x v a lu a t io n , 1 8 9 0 . .$ 49 ,6 2 3 ,2 0 0
$ 2 2 7 , 0 0 0 0 . 2 > T a x v a lu a tio n , 1 8 8 0 .. 4 0 ,7 1 8 ,7 4 5
>
ax e $
0 n
9
<$a ® T o p upla r io1 , 0n 0 i8 9 1 8w 0 s — 9 7 , 1 8 2
©©
P
t n i 1 0 a
H c3 ri P o p u la t io n in 1 8 8 0 w a s ---- 7 7 , 7 1 6
«©■ »-ri
In t e r e s t is p a id b y T re a su re r.
Court H ouse L oan 4128, J & J $ 7 0 , 0 0 0 ......J u l y 1 , 1 8 9 9

5s,
5s,
5s,
5s,
5s,
4 1as,
4s,

M&N.
J& J..
A&O.
J& D .
M & 8.
A & O ......
J & D ......

n

W I L M I N G T O N . — A ustin H arrington , Mayor'
T h e c it y o f W ilm in g t o n is a p o r t o f e n t r y in N e w C a st le C o u n t y ,
s it u a t e d o n th e D e la w a r e R i v e r a n d B r a n d y w i n e a n d C h r is t ia n a c r e e k s
"tw e n ty -e ig h t m ile s s o u t h w e s t o f P h ila d e lp h ia .
T h e p r i n c ip a l i n ­
d u s t r ie s o f t h e p la c e a re re p re se n te d b y t h e la r g e i r o n fo u n d r ie s
m a c h in e sh o p s, r o llin g m ills, c o tto n fa c to rie s, w o o le n m ills, lu m b e r
m i l l s a n d flo u r m ills w h ic h a re lo c a t e d here.
LO ANS/ Interest .— ,
—
P rincipal,
N A M E A N D PU RPO SE.

P- Cit. Payable.

B o a r d o f E d u c . lo a n N o. 2 4
do
do
do N o. 28
do
do
do N o. 28
do
do
d o N o. 3 0
F u n d i n g lo a n N o s. 2 1 -2 2 ..
do

N o . 2 9 .......

P a r k lo a n , N o . 3 3 ........
W a t e r lo a n , N o s. 1 5 a n d 1 7
do
N o s. 1 8 a n d 1 9
do
(reser.) N o . 2 5
do

(reser.) N o. 2 6

do
(reser.) N o . 2 7
do
N o. 3 1 ...........
do
N o . 3 2 ..........
do
N o . 3 2 ....... .
W a t e r S tre e t lo a n N o . 2 0
do
do
N o. 21
B a l. o f s in k in g f u n d lo a n

When Due.

Outstand’g.

J & J

6
6
6

J a n . 1, 1 8 9 4
F e b . 1, 1 8 9 7
M & S
Sep t. 1, 1 8 9 9
F & A -[ A u g . 1, 1 8 9 2 - 9 3
[ $ 5 ,0 0 0 y e a rly .
J & j'
A u g . 1, 1 8 9 3
; N o v . 1, ’9 1 -1 9 0 4
M &
' $ 7 ,0 0 0 y e a r l y . "
; 1 9 1 5 to 1 9 1 7
A &
[ p a r t e a c h ye a r.
F
A u g . 1, 1 8 9 1
J &
J u l y 1, 1 8 9 2
J u l y 1, ’9 2 -1 9 0 8
J &
$ 6 ,0 0 0 y e a rly .
Sept. ’9 2 to 1 9 1 1
M &
$ 3 ,5 0 0 y e a rly .
F & .
F e b . 1, 1 8 9 7
A & 1
v a r. 1 9 1 3 -1 9 1 4
A &
Oct. 1, 1 9 1 9 -’2 3
A
v a r. 1 9 1 4 -1 9 1 5
J &
J a n . 1, 1 8 9 4
m & :
J u l y 1, 1 8 9 4
F

412
6

412
3 i2
6
6
6

6
5

$ 3 0 ,0 0 0
2 6 ,0 0 0
2 4 .0 0 0

& A

|

1 0 ,0 0 0
1 1 7 ,5 0 0

£

9 8 ,0 0 0

|

1 5 0 ,0 0 0

|

1 0 4 ,0 0 0

£

6 9 ,0 0 0

4 6 .0 0 0
8 9 .0 0 0

1 5 0 ,0 0 0
6 0 .0 0 0
4
2 5 .0 0 0
312
6 0 .0 0 0
6
6 0 ,0 0 0
6
2 0 ,0 0 0
2 1 8 ,3 0 0
TOTAL DEBT, E t c .— T h e s u b jo in e d s ta t e m e n t s h o w s W il m in g t o n ’s
t o t a l m u n ic ip a l debt, a n d th e w a t e r debt, o n th e flr s t o f J u l y o f e a c h o f
t h e la s t t w o ye a rs.

412

1891.
T o t a l fu n d e d d e b t ( in c lu d in g w a t e r debt)
W a t e r d e b . in c lu d e d i n a b o v e to ta l.
t
.....................
T h e n e t in d e b te d n e ss o f th e c it y i n 1 8 8 0 w a s $ 1 ,3 7 2 ,4 5 0 .

ASSESSED VALUATION.— T h e

1890.
$ 1 ,4 1 6 ,8 0 0
6 1 6 ,0 0 0

c it y ’s a s se ss e d v a lu a t io n a n d t a x

ra te h a v e been as f o llo w s :

Real
Estate.

Years.
1880 .

Personal
P roperty.
$

Total Ass.
Bate o f Tax
Valuation, p e r $1 ,0 0 0 .
$ 2 3 ,2 0 0 ,0 0 0

$ 1 4 -9 0

P O P U L A T I O N . — I n 1 8 9 0 p o p u la t io n w a s 6 1 ,4 3 1 ; in 1 8 8 0 it w a s
4 2 , 4 7 8 ; i n 1 8 7 0 it w a s 3 0 ,8 4 1 .

State of Maryland.
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 miles)
.
.
.
.
12,210
State Capital
Annapolis
Governor (term expires 2d W ed . Jan., 1892) Elihu E. Jackson
Secretary of State (term expires with Gov’r) E. W . Le Compie
Treasurer (term expires Jan., 1892)
Edwin H . Brown
Legislature meets biennially in even years on the first W e d ­
nesday in January, and sessions are limited to 90 days.

HISTORY OF DEBT.—S in c e th e C o n e m a u g h flo o d th e B a lt im o r e
p a p e r s h a v e re c o rd e d f r o m t im e to t im e th e c o u r t p ro c e e d in g s a n d
d e c is io n s i n th e c o n te st w h ic h h a s b ee n i n p r o g r e s s f o r th e p o s s e s s io n
o f th e C h e sa p e a k e & O h io C a n a l— a co n te st i n v o l v i n g th e q u e s t io n o f
a b a n d o n in g th e c a n a l a s s u c h a n d u s in g it s b e d fo r a r a ilr o a d tra c k , th e
¡State f a v o r in g th e sa le a n d th e re fo re th e a b a n d o n m e n t o f th e ca n a l.
T h i s c irc u m s t a n c e is o f in t e re s t i n t h is b r ie f h is t o r y , b e c a u se m o n e y
b o r r o w e d b y th e S ta t e in b e h a lf o f t h a t e n t e r p ris e fo r m s th e firs t ite m
i n M a y l a n d ’s fu n d e d d e b t f o r in t e r n a l im p ro v e m e n ts .
I t is o f in te re st
t o o b e c a u s e it illu s t r a t e s v e r y f o r c ib ly th e r e v o lu t io n i n t r a n s p o r t a t io n
m e t h o d s w h ic h s i x t y y e a r s h a v e w r o u g h t, a r e v o lu t io n so co m p le te a s
t o d iv e s t t h is im p o r t a n t c a n a l— b e g u n a n d p ro se c u te d w it h u n b o u n d e d
e n t h u s ia s m , b u t fin is h e d o n ly a fte r a d e sp e ra te s t r u g g le c o n t in u e d fo r
o v e r a q u a r t e r o f a c e n t u r y — o f a ll v a lu e s a v e a s a r ig h t o f w a y f o r it s
r i v a l t r a n s p o r t a t io n m etho d.
A n o t h e r s in g u l a r fa c t c o n n e c te d w it h t h is c o n te s t is t h a t t h e p a r t y
w h ic h h a s s a v e d t h e c a n a l f o r t h e t im e b e in g f r o m p a s s in g o u t o f
e x is t e n c e is the B a lt im o r e & O h io R a ilr o a d , th e firs t r a ilr o a d b e g u n in
t h e U n it e d S ta t e s a n d w h ic h lik e w is e s h a r e s w it h th e C h e sa p e a k e &
O h io C a n a l th e n o t o r ie t y o f s t a r t in g t h e in t e r n a l im p r o v e m e n t b ra n c h
o f th e S ta t e debt. B u t th e c a n a l h is t o r y b e g a n flrs t ; i n fa c t th e c a n a l
w a s in c o rp o r a t e d b y M a r y la n d i n J a n u a r y , 1 8 2 4 , it s p u rp o se , a s sta te d
i n th e ch a rte r, b e in g to co n n e c t “ th e tid e -w a te r o f th e r iv e r P o t o m a c
w it h th e n a v ig a b le w a t e r s o f th e O h io .” T w o y e a r s later, i n 1 8 2 7 , the
r a ilr o a d w a s in c o rp o ra te d , a n d o n J u l y 4 , 1 8 2 8 , th e flrs t r a i l w a s la id .
T h e S ta t e a p p e a r s to h a v e is s u e d b o n d s in b e h a lf o f b o t h o f th e se e n te r­
p r is e s in 1 8 2 7 — the a m o u n t o f the lo a n m a d e f o r th e c a n a l p ro je c t b e in g
$ 2 6 2 ,5 0 0 a n d fo r th e r a ilr o a d $ 2 5 6 ,1 8 9 .
I t s h o u ld b e added, h o w e v e r, t h a t the a c t u a l d ate w h e n M a r y l a n d ’s d e b t
h i s t o r y b e g a n is 1 8 2 1 , th e re h a v i n g b ee n a s m a ll lo a n o f $ 3 0 ,0 0 0 is s u e d
t h a t y e a r f o r th e “ M e d ic a l D e p a r t m e n t o f th e M a r y l a n d U n i v e r s i t y ”
a n d a n o t h e r fo r $ 2 7 ,9 4 7 3 0 fo r th e P e n it e n t ia ry . B u t t h o u g h th e flrs t
i s s u e s to th e c a n a l a n d r a ilr o a d a b o v e m e n tio n e d d id n o t f o llo w u n t il 6
y e a r s la te r, th e lo a n s o f 1 8 2 7 h o ld t h e m o re c o n s p ic u o u s p la c e , b e c a u se




t h e y w e re th e fir s t o f a n d o p e n e d th e w a y to the la r g e a d d it io n s to
th e S ta t e d e b t in b e h a lf o f in t e r n a l im p ro v e m e n ts , a d e v e lo p m e n t
w h ic h p ro ce e d e d s lo w ly fo r a fe w y e a rs, t h e n w it h a c c e le r a tin g speed,
a s t h e in v o lv e m e n t b e c a m e greater. O n th e flrs t o f J a n u a r y , 1 8 3 9 , the
t o t a l b o n d s is s u e d b y the S ta t e in b e h a lf o f th e C h e sa p e a k e & O h io
C a n a l w e re $ 7 ,1 9 4 ,6 6 6 -6 6 ; in b e h a lf o f th e B a lt im o r e & O h io a ilr o a d
$ 3 ,6 9 7 ,0 0 0 ; i n b e h a lf o f th e B a lt im o r e & W a s h in g t o n B r a n c h $ 5 0 0 , 0 0 0 ;
m b e h a lf o f t h e B a lt im o r e & S u s q u e h a n n a B r a n c h $ 1 ,6 8 8 ,7 1 0 -9 7 ; in
b e h a lf o f th e S u s q u e h a n n a & T id e w a te r C a n a l $ 1 , 0 0 0 ,0 0 0 ; a n d in b e h a lf
o f a ll o t h e r m a tt e r s $ 2 7 7 , 9 4 7 - 3 0 ; m a k in g the t o t a l a t t h a t d a te (J a n 1
18 3 9 ,) $ 1 4 ,3 5 8 ,3 2 4 -9 3 .
I t w a s a t a b o u t t h is d a te t h a t th e q u e s t io n o f p a y in g th e in te re st o n a ll
t h is d e b t b e g a n to b e e m b a r ra s s in g . M a r y l a n d a t t h a t tim e h a d n o t a x
sy ste m , it s re v e n u e b e in g sufficient, b u t o n ly sufficient, to m eet c u r re n t
e x p e n d itu re ; h e n ce in 1 8 4 0 , a s b o n d s b e c a m e h a r d o f s a le it b e g a n to lo o k
a s i f the m a k in g o f s y s t e m o f t a x a t io n w a s im p e ra tiv e , a n d in 1 8 4 1 la w s
w e re p a ss e d im p o s in g t a x e s w h ich , w it h th e in c o m e e x p e c te d fr o m r a i l ­
r o a d s th e S ta t e w a s in s t r u m e n t a l in b u ild in g , w e re e s tim a te d to be suffi­
c ie n t to m ee t th e in te re st. A n d so t h e y w o u ld h a v e b een h a d th e S ta t e
m e t w it h n o d is a p p o in tm e n t; b u t th e d ifficu ltie s o f c o lle c t io n in s e p a r a b ly
co n n e c te d w it h a s y st e m o f t a x a t io n im p o s e d u p o n a p e o p le w h o n e v e r
b efore h a d b een co m p e lle d to s u b m it to s t a t e t a x a t io n p re v e n te d th e
r e a liz a t io n o f t h is hope, a n d in J a n u a r y , 1 8 4 2 , th e S ta t e fa ile d to p a y
it s in te re st. T h is w a s a se v e re d is a p p o in t m e n t to the a u th o r it ie s a n d
.people, s in c e M a r y l a n d h a d been c o n s p ic u o u s ly c a r e fu l o f it s c r e d it
h a v i n g in 1 8 3 7 p a id it s in te re st i n go ld , w h e n th e b a n k s h a d s u s p e n d e d
sp e cie p a y m e n t a n d th e re w a s n o c u r r e n c y b u t p a p e r. I n p ro c e ss o f
tim e, h o w e v e r, the t a x la w s w e re g e n e r a lly e n fo rced , th e r e c e ip ts th e re ­
f r o m in c r e a s in g e a ch s u c c e e d in g t w e lv e m o n th s, w h ile the r e v e n u e s fr o m
th e s e v e r a l c o m p a n ie s t h e S ta t e w a s in te re st e d i n b e c a m e la rg e r,
s o t h a t y e a r b y y e a r a n in c r e a s in g a m o u n t o f th e b a c k in t e r ­
e st a n d c u r r e n t in te re st w a s p a id . F o r th e y e a r e n d in g D e ­
c e m b e r 1 , 1 8 4 4 , the T r e a s u r e r p a id $ 3 0 5 , 0 5 9 o n a c c o u n t o f in t e re s t
a n d t h e n e x t y e a r (1 8 4 5 ) h e p a id $ 7 1 0 ,7 8 4 , w h ic h la t t e r w a s $ 5 5 , 3 6 3
m o re t h a n the y e a r ’s in te re st. T h is m e t h o d w a s c o n t in u e d u n t il 1 8 4 7 ,
w h e n a la w w a s p a ss e d m a k in g p r o v is i o n f o r a ll th e b a c k in t e r e s t a n d
f o r r e s u m in g r e g u la r in te re st p a y m e n ts . T h e la w w a s c a r r ie d in t o
effect J a n u a r y , 1 8 4 8 .
O n the flrs t o f J a n u a r y , 1 8 4 9 , o n e y e a r a ft e r th e r e s u m p t io n o f in te re st
p a y m e n ts , th e t o t a l S ta t e d e b t w a s $ 1 6 ,1 4 0 ,0 3 8 -4 2 . O n the 3 0 t h o f
Se p te m b e r, 1 8 6 6 , t h e t o t a l fu n d e d d e b t w a s $ 1 3 ,5 4 9 ,7 9 6 -5 3 , w h ile th e
S ta te h e ld p r o p e r t y to th e e stim a te d v a lu e o f $ 2 5 ,0 4 9 ,7 4 0 , o f w h ic h
$ 6 ,9 3 2 ,0 9 7 w a s p ro d u c tiv e . A t p re s e n t th e t o t a l b o n d s o u t s t a n d in g
a g g re g a te o n ly $ 1 0 ,6 9 1 ,1 2 4 , w h ic h p ro d u c t iv e a sse ts in the s in k in g
f u n d s a n d o th e rw is e h e ld reduce, so t h a t th e n e t d eb t re a c h e s th e m e r e ly
n o m in a l s u m o f $ 4 ,4 1 2 ,2 1 7 . T h e d e ta ils o f the se b o n d s a re sub joine d .

LO ANS-

t— Interest — ,
P . Gt. Payable.

N A M E A N D PU RPO SE.

T r e a s u r y r e lie f b o n d s ............. 6
D e fe n s e r e d e m p tio n b o n d s ___ 3 -6 5
E x c h a n g e lo a n , 1 8 8 6 .............. 3
do
1 8 8 6 ............... 3
do
1 8 8 9 ............... 3
do
1 8 9 1 . . . , ......... 3

INTEREST—WHERE

J
J
J
J
J
J

& <J
& J
& J
& J
& J
& J

— P rincipal,When Due. Outstand'g.
J a n . 1,
J a n . 1,
J a n . 1,
J a n . 1,
J a n . 1,
J u l y 1,

PAYABLE.—In t e r e s t

is

1 8 9 3 $ 5 0 0 ,0 0 0
1 8 9 9 3 ,0 0 0 ,0 0 0
1900
6 2 8 ‘3 5 5
1 9 0 1 1 ,2 7 0 ,4 7 4
1 9 0 3 4 ,3 2 1 ,7 0 0
1905
9 7 0 ,5 9 5
p a y a b le

a t th e

F a r m e r s ’ & M e c h a n ic s ’ B a n k , B a lt im o r e .

TOTAL DEBT, SINKING FUNDS, E t c .— T h e s u b jo in e d sta te m e n t
s h o w s M a r y l a n d ’s to ta l S ta t e debt, th e s in k in g f u n d h e ld b y the State*
a g a in s t th e s a m e o n th e 3 0 t h o f S e p t e m b e r o f e a c h o f th e la s t t w o
y e a rs.
1890.
1889.
.............. $ 1 0 ,6 9 1 ,1 2 4
$ 1 0 ,3 7 0 ,5 3 5
T o t a l fu n d e d d e b t .............
S i n k i n g f u n d s a n d o t h e r p r o d u c t iv e a s se ts .
6 ,2 7 8 ,9 0 7
6 ,0 3 1 ,2 5 5
N e t d e b t................. ..................................

$ 4 , 4 1 2 ,2 1 7

$ 4 ,3 3 9 ,2 8 0

F o r t h is b a la n c e o f $ 4 ,4 1 2 ,2 1 7 , t h e S ta t e h a s a s a n offset h e r u n p r o ­
d u c t iv e sto c k s, a m o u n t in g to $ 2 8 ,7 0 3 ,2 1 1 , a n d $ 6 6 6 , 9 6 5 d u e f r o m
a c c o u n t in g officers a n d in c o r p o r a t e d in s t it u t io n s .
T h e “ D e fe n s e R e d e m p t io n L o a n ” is se c u re d b y a s p e c ia l t a x o f 5 i *
c e n t s ,th e “ T r e a s u r y R e lie f L o a n ” 1*2 c e n ts a n d “ E x c h a n g e L o a n ’
o f ’8 6
c e n t o n e a c h $ 1 0 0 o f th e a s se ss e d v a lu a t io n .
T h e s in k in g f u n d s a re d iv id e d a s fo llo w s :
Exchange L oan o f i88q fu n d , a m o u n t in g to $ 1 ,2 6 0 , 9 3 4 a n d c o n s is t ­
i n g p r in c ip a lly o f E x c h a n g e L o a n o f 1 8 8 9 b o n d s.
Defense Redemption f und, a m o u n t in g to $ 1 ,1 7 0 ,8 0 7 , w h ic h c o n s is t s
p r in c ip a lly o f F r e d e r ic k C it y 4 p e r cent, B a lt im o r e C it y 314, 4 a n d 5
p e r cent, E x c h a n g e L o a n o f ’8 6 a n d ’8 9 a n d T r e a s u r y R e lie f L o a n
b ond s.

Treasury R e lief L oan fu n d , a m o u n t in g to $ 4 5 3 ,5 1 7 , c o n s is t in g p r in c ip a lly o f T r e a s u r y R e lie f, E x c h a n g e L o a n o f ’8 6 a n d ’8 9 b on d s.
General A ccount fu n d , a m o u n t in g to $ 2 6 7 ,1 7 7 , a n d c o n s is t s o f 6 p e r
c e n t S ta t e S to c k , D e fe n s e R e d e m p t io n , E x c h a n g e L o a n o f ’8 6 a n d
T r e a s u r y R e lie f b o n d s.
T h u s it w i ll b e se e n t h a t $ 2 ,6 8 4 ,4 3 5 o f th e b o n d s o u t s t a n d in g a g a in s t
th e S ta t e a re th e p r o p e r t y o f th e s e v e r a l s in k in g fu n d s.
T h e r e c e ip ts o f th e S ta te e x c lu s iv e o f b o n d s s o ld fo r th e y e a r e n d in g
Sept. 30, 1 8 9 0 , a m o u n t e d to $ 2 ,5 2 0 ,8 3 2 ; d is b u r se m e n t s , e x c lu s iv e o f
tfon d s p a id off, $ 2 ,3 4 9 ,6 6 3 .
T h e c a s h b a la n c e i n t h e t r e a s u r y o n S e p te m b e r 3 0 th , 1 8 9 0 , a m o u n t e d
to $ 6 6 6 , 8 4 5 .

ASSESSED VALUATION,

E t c .— T h e fo llo w in g ta b le s h o w s th e

t h e S ta t e f o r th e y e a r s in d ic a te d .

Tears.
1 8 9 0 ...
1 8 8 9 ...
1 8 8 8 ...
1 8 8 7 ...
1 8 8 4 ...
1 8 8 2 ...
1 8 8 0 ...

Total
Funded Debt.
. . $ 1 0 ,6 9 1 ,1 2 4
.. 1 0 ,3 7 0 ,5 3 5
.. 1 0 ,3 7 0 ,5 3 5
.. 1 0 ,9 6 0 ,5 3 5
.. 1 0 ,9 6 5 ,9 3 4
.. 1 1 ,2 6 9 ,0 3 1
.. 1 1 ,2 7 7 ,1 1 0

Available
"”** Total
Assets. '( 3
Assessed Val.
$ 6 ,2 7 8 ,9 0 7 «
$ 4 8 2 , 1 8 4 ,8 2 4
6 ,0 3 1 ,2 5 5
4 7 7 ,3 9 8 ,3 8 0
4 ,7 1 5 ,1 8 1
4 9 0 ,0 1 6 , 1 8 3
5 ,2 9 9 ,3 0 1
4 8 5 ,8 3 9 . 7 7 2
3 ,9 9 2 ,8 5 1
4 6 9 ,5 9 3 ,2 2 5
3 , 8 6 3 ,1 1 0
4 6 4 .8 2 4 .8 7 9
3 ,6 4 9 ,4 4 2 jJO 4 5 9 ,1 8 7 ,4 0 8
fia

Tax Rate
p e r $ 1 ,0 0 0 .
$1-7712
1-7712
1-7712
1-8712
1-8712
1-8712
1-8712

8 0

Vol. LIIL

#

DEBT LIMITATION. — T h e re i s n o t h in g i n th e C o n s t it u t io n o f
M a r y l a n d l i m it in g th e p o w e r o f th e L e g is la t u r e t o a u th o r iz e h o n d is s u e s
e ith e r h y th e S ta t e o r b y it s m u n ic ip a lit ie s . N o g e n e ra l li m it f o r c itie s
a n d t o w n s h a s h e e n fix e d h y th e L e g is la tu re , n o r is th e re a n y g e n e ra l
a u t h o r iz a t io n to b e f o u n d i n th e s t a t u t e s u n d e r w h ic h c itie s a n d t o w n s
c a n is s u e b o n d s. T h is p o w e r is lo d g e d in th e L e g is la t u re , a n d is dele­
g a te d to t h e m u n ic ip a lit ie s f r o m t im e to t im e fo r sp e cific p u r p o s e s a s
t h e o c c a s io n m a y arise . I t is n e c e ssa ry , th e re fore , f o r th e in v e s t o r to
s t u d y th e la w i n e a c h case o n t h is a s w e ll a s o n o th e r p o in t s a ffe c tin g
th e lo a n w i t h re sp e c t to w h ic h h e m a y h e e d in fo rm a tio n .
POPULATION OF STATE.—M a r y l a n d h a s g r e a t ly in c r e a s e d h e r
p o p u la t io n s in c e t h e in a u g u r a t io n o f t h e F e d e r a l G o v e rn m e n t,
t h o u g h n e c e s s a r ily sh e h a s n o t g a in e d a s fa s t a s s o m e o th e r S ta te s,
p a r t ic u l a r l y th e n e w e r W e s t e r n S ta te s, a n d c o n s e q u e n tly h a s h a d to
y ie ld i n r a n k to them . I n 1 7 9 0 the p o p u la t io n w a s re p o r t e d 3 1 9 ,7 2 8 ,
a n d i n 1 8 0 0 3 4 1 ,5 4 8 . I n 1 8 4 0 w e fin d it 4 7 0 ,0 1 9 . N o w f o r 1 8 9 0 th e
t o t a l h a s p a s s e d th e m ill io n m a r k , a n in c r e a s e d u r in g the c e n t u r y o f
c o n s id e r a b ly o v e r 2 0 0 p e r cent.
6 8 7 ,0 4 9 1 8 3 0 .............. 4 4 7 , 0 4 0
1 8 9 0 ............1 ,0 4 2 ,3 9 0 1 8 6 0 .....
5 8 3 ,0 3 4 1 8 2 0 .............. 4 0 7 , 3 5 0
1 8 8 0 .............. 9 3 4 ,9 4 3 1 8 5 0 ......
4 7 0 ,0 1 9 1 8 1 0 .............. 3 8 0 ,5 4 6
1 8 7 0 . . .......... .7 8 0 ,8 9 4 1 8 4 0 ....,
I n th e d ecad e f r o m 1 8 6 0 to 1 8 7 0 th e n u m b e r s in c r e a s e d 9 3 ,8 4 5 , o r
1 3 *6 6 p e r c e n t ; i n th e 1 8 7 0 - 8 0 d ecad e 1 5 4 ,0 4 9 , o r 1 9 *7 3 p e r cent, a n d
i n t h e 1 8 8 0 - 9 0 d ecad e 1 0 7 ,4 4 7 , o r 1 1 *4 9 p e r cent.
O f th e t o t a l p o p u la t io n 2 2 *4 9 p e r ce n t w a s c o lo re d i n 1 8 8 0 a n d 2 0 *9 2
p e r ce n t i n 1 8 9 0 . I n n u m b e r, b la c k s w e re 1 6 5 ,0 9 1 i n 1 8 5 0 ; 1 7 1 ,1 3 1 i n
1 8 6 0 ; 1 7 5 ,3 9 1 i n 1 8 7 0 ; 2 1 0 .2 3 0 i n 1 8 8 0 ; a n d 2 1 8 ,0 0 4 i n 1890.
SAVINGS BANKS INVESTMENTS .— T h e re a re in t h is S ta t e g e n ­
e r a l b a n k in g la w s u n d e r w h ic h s a v i n g s b a n k s m a y b e o rg a n iz e d , a n d
y e t w e n o t ic e t h a t e v e n in 1 8 9 0 a s p e c ia l c h a r te r w a s g r a n t e d in c o r p o r ­
a t in g t h e G e r m a n ia S a v in g s B a n k o f B a lt im o r e . H o w e v e r , i n b o th th e
g e n e ra l a n d s p e c ia l la w s th e re a p p e a r s to b e a p re t ty g e n e ra l a u t h o r it y
g r a n t e d fo r in v e s t in g the d e p o sits. T h e g e n e ra l la w s ta te s t h a t —
A n y s a v i n g s in s t it u t io n in c o rp o r a t e d u n d e r t h is a r tic le s h a l l b e
o a p a b le o f r e c e iv in g f r o m a n y p e r s o n o r p e rso n s, o r b od ie s c o rp o ra t e o r
p olitio, a n y d e p o sit o f m o n e y which shall he invested or loaned out on
good security in the discretion o f the directors; p ro v id e d t h a t no part o f
th e f u n d s o f s a id c o rp o ra t io n shalt he loaned to a ny officer or director o f
s u c h c o rp o ra tio n .
I n th e s p e c ia l la w p a ss e d i n 1 8 9 0 , w h ic h w e h a v e re fe r re d to above,
th e p o w e r to lo a n th e d e p o sits is m a d e a lit t le m o re definite. T h e se c­
t io n r e f e r r in g to t h a t su b je c t sta te s t h a t th e “ c o rp o ra t io n s h a ll h a v e
“ p o w e r to b o r r o w m o n e y , re c e iv e m o n e y o n d ep o sit, lo a n m o n e y ,
“ taking such secu rity therefor, either rea l o r personal, as the B oard o f
* D irectors m ay deem sufficient; p r o v id e d t h a t no p a r t o f th e f u n d s o f
“ s a id c o rp o ra t io n shall be loaned to an officer or director thereof.”
W e c a n n o t d is c o v e r a n y m a r k e d d ifferen ce i n th e t w o p r o v is io n s
cited, e x c e p t t h a t th e e n a c tm e n t i n th e ca se o f th e n e w B a lt im o r e b a n k
sta te s d is t in c t ly t h a t th e s e c u r it y c a n be e ith e r r e a l o r p e rso n a l. B u t a s
m u c h a s t h a t w o u ld , w e t h in k , b e a s su m e d a s a u th o r iz e d u n d e r th e g e n ­
e r a l p r o v is io n s in c e n o lim it i» m a d e a n d lo a n in g o n b o n d a n d m o r tg a g e
is a lw a y s a le g it im a te p a r t o f th e b u s in e s s o f s a v i n g s b a n k s.
BANKS-STATE, NATIONAL AND SAVINGS INSTITUTIONS
— B a n k i n g o p e ra t io n s h a v e g r o w n v e r y d e c id e d ly i n M a r y l a n d in re c e n t
ye a rs, a s is e v id e n t f r o m the fa c t t h a t th e re a re n o w 7 6 n a t io n a l b a n k s ,
a g a in s t o n ly 5 0 at the e n d o f 1 8 8 5 , w h ile th e d e p o sits re a c h o v e r 4 2 xq
m ill io n d o lla rs, a g a in s t n o t q u ite 2 8 % m illio n d o lla r s i n 1 8 8 5 . T h e re
a re a ls o a fe w S ta te c o m m e r c ia l b a n k s ; t h e ir o p e ra tio n s, h o w e ve r, a re
n o t e x t e n s iv e a lo n g s id e t h o se o f th e n a t io n a l b a n k s , a n d h a v e b e e n d i­
m in is h in g . T h e S ta te b a n k s are r e q u ire d to m a k e a n a n n u a l r e t u r n to
th e T a x C o m m iss io n e r , b u t the o n ly in f o r m a t io n o b ta in a b le r e g a r d in g
t h e m is fo u n d i n th e r e p o r t o f th e U n it e d S ta te s C o m p t r o lle r o f th e
O u rre n c y .
,------------- 1 8 9 0 -9 1 ------------- , .
------ ------- 1 8 8 5 -------------- ,

National.

State.

National.

State.

M aryland.
(July 9, ’91.) (June 3 0 ,’90.) (Dec. 24.)
(Oct. 1.)
N u m b e r of b a n k s..
76
8
50
10
C a p it a l................. $ 1 9 ,3 7 0 ,4 7 0 $ 1 ,6 2 3 ,1 4 9 $ 1 5 ,8 0 6 ,9 6 0 $ 2 ,0 0 6 ,8 0 5
S u r p lu s a n d p ro fit s
8 ,1 7 9 ,1 8 3
4 4 1 ,4 0 7
6 ,3 5 2 ,8 3 7
4 2 2 ,6 2 8
D e p o s it s , in d iv id ’l. 4 2 ,2 6 9 ,3 8 6
2 ,9 5 4 ,2 8 7
2 8 ,7 2 1 ,2 7 3 3 ,6 5 1 ,1 5 6
I n s a v i n g s b a n k s o p e ra t io n s th e g r o w t h h a s b e e n n o le ss n o te w o rth y .
T h e C o m p t r o lle r o f the C u r r e n c y r e p o r t s fo r J u n e 30, 1 8 9 0 , 1 6 s a v i n g s
b a n k s c o n d u c te d o n th e m u t u a l p r in c ip le a n d 7 s a v i n g s b a n k s h a v i n g
th e s to c k feature. T h e se latter, h o w e v e r, a re in c o n s e q u e n tia l, a n d
m ig h t r e a lly b e d isre g a rd e d , fo r t h e y f u r n is h o n ly $ 3 2 0 , 5 2 0 o f the
$ 3 5 ,9 2 4 ,1 1 1 d ep o sits, a n d b u t 1 ,8 3 9 o f t h e 1 2 3 ,8 1 4 d e p o sito rs.
1890.
1885.
1881.
1876.
Savings B anks — (June 30.)
(July 1.)
(July 1.)
(Nov.)
23
.1 8
13
8
N o . o f b a n k s ........
N o . o f d e p o sito rs ..
t l2 3 , 8 1 4
t7 8 ,1 0 1
t6 4 ,9 1 1
* 4 9 ,0 0 0
A m ’t o f d e p o sit s ... $ 3 5 ,9 2 4 ,1 1 1 $ 2 8 ,6 6 3 ,0 8 3 $ 2 3 ,8 2 4 ,3 5 4 $ 1 9 ,0 7 7 ,0 2 6
S u r p lu s a n d p ro fit s
1 ,4 2 7 ,5 8 5
................. .
9 6 1 ,0 7 7
A v . e a c h d e p o sit ...
290
367
367
389
♦ E stim a te d .
t P a r t ly estim ate d.
W h ile s a v i n g s d e p o sits a re n o w a b o u t 3 6 m illio n d o lla rs, i n 1 8 7 6 t h e y
w e re o n ly a b o u t 1 9 m illio n d o lla rs.

LO AN S—
'— Interest .— >
N A M E AND P U R P O S E .
P. Ot. Payable.
C it y H a ll, 1 8 7 0 ..................r
6
Q -J
do
do, 1 8 7 4 ...................r 6
Q— J
C o n s o lid a t e d b o u n t y , 1 8 6 3 .r 6
M & S
C o n s o lid a t e d re fu n d ., 1 8 9 0 . r 3 x2 J & J
E x e m p t b o u n t y , 1 8 6 5 ........ r 6
M & S
F u n d i n g lo a n , 1 8 7 0 . . .........r 6
Q -J
F u n d i n g lo a n o f 1 8 7 8 .........r 5
M & N
H a r f o r d B u n Im p r o v e m e n t . r 4
J & J
do
d o S e w e r ............ r 4
J & J
I n t e r n a l Im p r o v e m e n t ....... r 3 Xg
J & J
J o n e s ’ F a l l s ....................... r 6
Q -F
do
d o .......................r 5
Q— F
do
d o ......................r 3 *6 5
Q— F
do
d o .......................r 3 x3
Q -F
do
d o ....................... r 3
Q -F
P a r k Im p r o v e m e n t , 1 8 6 3 . . . r 6
Q -J
P a t t e r s o n P a r k ...................r 4
Q -J
P a v in g , 1 8 8 1 ......................r 4
M & N
W a t e r .................................r 6
M & N
d o .....................
r 5
M & N
d o ................................. r 5
M & N
d o ............
r 4
M & N
d o ................................. r 4
M & N
W e s t e r n M a r y la n d , 1 8 7 2 . . . r 6
J & J
do
do
1 8 8 2 ...r 4
J & J
do
do
1 8 8 7 ...r 3 %
J & J
B o n d s ( W e st. M d . B R . , 3 d M . 6
J & J
g u a r. I U n i o n R R . , 1 s t M ___ 6
J & J

.
----------- P rincipal, --------When Due. Outstand ’,
A p r . 15, 1 9 0 0 $ 1 , 0 0 0 , 0 0 0
M c h . 7, 1 9 0 2
5 0 0 ,0 0 0
Sep t. 1, 1 8 9 3 x 2 , 2 1 1 , 0 6 8
t J u l y 1, 1 9 3 0 x 5 , 0 0 0 , 0 0 0
tSe p t. 1, 1 8 9 3
4 1 0 ,3 5 3 "
t J u l y 1, 1 9 0 0
8 0 0 ,0 0 0
t J u l y 1, 1 9 1 6 x 1 , 0 0 0 , 0 0 0
tJ a n . 1, 1 9 2 0 x 2 5 0 , 0 0 0
N o v . 3, 1 9 0 4 x 3 5 0 , 0 0 0
J u ly
1, 1 9 2 8 x 1 , 3 0 0 , 0 0 0
A p r.
8 0 0 ,0 0 0
9, 1 9 0 0
A p r.
9, 1 9 0 0 x 9 5 7 , 0 0 0
A p r.
9, 1 9 0 0 x 4 5 5 , 0 0 0
A p r.
9, 1 9 0 0 x l 6 0 , 0 0 0
A p r.
9, 1 9 0 0 x l 0 0 , 0 0 0
1, 1 8 9 5
Ja n .
1 8 5 ,7 2 3
1, 1 9 2 0 x 2 0 0 , 0 0 0
Oct.
t N o v . 1, 1 9 2 0 X 5 0 0 . 0 0 0
t J u l y 1, 1 8 9 4 x 2 6 3 , 0 0 0
t J u l y 1, 1 8 9 4 x 3 , 7 3 7 , 0 0 0
t J u l y 1, 1 9 1 6 x 5 , 0 0 0 , 0 0 0
t N o v . 1, 1 9 2 2 X 5 0 0 . 0 0 0
t N o v . 1, 1 9 2 6 X 8 0 0 . 0 0 0
Jan.
1, 1 9 0 2 1 ,0 0 0 ,0 0 0
J u ly
1, 1 9 2 5 x 6 8 4 , 0 0 0
1, 1 9 2 7 x 1 , 7 0 4 , 0 0 0
Jan.
Jan.
1, 1 9 0 0
8 7 5 ,0 0 0
Jan.
1, 1 8 9 5
1 1 7 ,0 0 0 *

t P a y a b le o n o r a ft e r this, d a te a t o p t io n o f city,
x E x e m p t f r o m S ta t e o f M a r y l a n d ta xe s.

BONDS— PAR VALUE, E t c .----- IJ o n d s a r e a ll r e g is t e r e d a n d f o r
$ 1 0 0 o r m u lt ip le s o f sa m e . A l l th e b o n d s a re lia b le f o r S ta te t a x e s ;
n o n e fo r c it y ta xe s.
INTEREST—WHERE PAYABLE.— In t e r e s t o n t h e C it y H a l l loans,,
c o n s o lid a te d lo a n o f 1 8 9 0 , in t e r n a l im p r o v e m e n t s lo a n , W e st M a r y la n d .
R R . lo a n o f 1 8 8 7 a n d o n f u n d i n g lo a n o f 1 8 7 0 is p a id a t th e N a t io n a l
F a r m e r s ’ & P la n t e r s ’ B a n k o f B a l t i m o r e ; o n t h e U n i o n R R . b o n d s a t
t h e F r a n k l i n B a n k o f B a lt im o r e — o n a ll o t h e r lo a n s a t th e N a t io n a l
M e c h a n ic s ’ B a n k o f B a lt im o r e .
BONDS EXEMPT FROM TAXATION.—T h e is s u e s m a rk e d w it h
a n x a b o v e a re e x e m p t f r o m S ta te o f M a r y la n d ta xes. H o ld e r s r e s id ­
i n g i n o th e r S ta te s a re e x e m p t o n a ll issu e s.
TOTAL DEBT, SINKING FUND, E t c .— T h e s u b jo in e d s t a t e m e n t
s h o w s B a lt im o r e ’s t o t a l d e b t a n d t h e s i n k i n g f u n d a n d o t h e r a s s e t s
h e ld b y t h e c it y a g a in s t t h e sa m e , o n t h e fir s t o f J a n u a r y o f e a c h o f
t h e la s t t w o y e a r s : —
1891.
1890.
T o ta l b o n d e d a n d g u a ra n te e d debt Ja n . 1 ....$ 3 1 ,0 8 3 ,7 8 7 $ 3 7 ,7 3 0 ,1 0 8
S i n k i n g f u n d a n d o t h e r a s s e t s . .................... 1 3 ,9 2 7 ,2 2 8
2 1 ,4 2 4 ,2 2 1
N e t d e b t J a n u a r y 1 . . ............................$ 1 7 ,1 5 6 ,5 5 9 $ 1 6 ,3 0 5 ,8 8 7
T o t a l w a t e r d e b t (in c lu d e d i n n e t debt) 1 8 9 1 , $ 1 0 ,3 0 0 ,0 0 0 ; 1890,.

$ 10,100,000.
T h e a u th o riz e d a m o u n t o f w a t e r 4 s d ue i n N o v e m b e r, 1 9 2 6 , is $ 1 ,0 0 0 ,0 0 0 , a n d o f in t e rn a l im p ro v e m e n t 3 X , d ue J u l y 1 , 1 9 2 8 , $ 5 ,0 0 0 ,0 0 0 .
28
O n J a n . 1 8 8 6 , t o t a l fu n d e d a n d g u a ra n t e e d d e b t w a s $ 3 6 , 7 3 3 , 2 4 7 ,
n e t debt, $ 2 9 ,2 9 0 ,9 4 2 .
T h e s in k in g f u n d a n d o t h e r a sse ts, a s g iv e n in th e a b o v e s ta t e m e n t
fo r J a n . 1 , 1 8 9 1 , in c lu d e d t h e fo ll o w in g it e m s: s in k i n g f u n d $ 7 ,3 0 3 ,6 2 3 ,
m o r t g a g e s o n W e st e r n M a r y l a n d R a il r o a d C o m p a n y $ 3 ,5 7 9 ,0 0 0 , s t o c k
o f th e V a l l e y R a il r o a d o f V i r g i n i a $ 1 ,0 0 0 ,0 0 0 , s t o c k o f W e st e r n M a r y ­
la n d R a il r o a d $ 2 0 0 ,0 0 0 , m o r t g a g e o n U n i o n R a il r o a d Co. $ 1 1 7 ,0 0 0 ,
r e a l estate, etc. $ 1 ,7 2 7 ,6 0 5 ; to ta l, $ 1 3 ,9 2 7 ,2 2 8 .

INTEREST C H A R G E . — O f t o t a l d e b t a s a b o v e ($ 3 1 ,0 8 3 ,7 8 7 ) in t e r ­
e s t is p a y a b le f r o m t a x a t io n o n o n ly $ 1 5 ,9 7 9 ,1 4 6 , in t e re st o n th e
b a la n c e $ 1 5 ,1 0 4 ,6 4 1 , b e in g p a y a b le a s f o llo w s :
B y P a r k B o a r d o n P a r k E x t e n s io n lo a n ..............................
$ 2 0 0 , OOO
B y W e s t e r n M a r y l a n d R R . o n lo a n s o f 1 9 2 5 - 2 7 ............. •.... 2 , 3 8 8 ,0 0 0
1 1 7 ,0 0 0
B y U n i o n R R . o n lo a n o f 1 8 9 5 ..............................................
B y W a t e r B o a r d o n w a t e r b o n d s a m o u n t in g t o .....................1 0 , 3 0 0 ,0 0 0
B y C o m m is s io n e r s o f F in a n c e o n W e s t e r n M a r y l a n d lo a n s o f
1 9 0 0 a n d 1 9 0 2 a m o u n t in g t o ............................................. 1 ,8 7 5 ,0 0 (1
O v e r d u e b o n d s — n o in t e r e s t p a i d ..................... ....................
2 2 4 ,6 4 1
T o t a l so p r o v id e d f o r ........... ....................................... $ 1 5 , 1 0 4 ,6 4 1

ASSESSED VALUATION, Et c .—City’s assessed valuation (about
90 per cent cash value), and tax rate have been as follows:—
B eal
P ersonal
Total
Bale o f Tax
Tears —
Estate.
Property.
Valuation, p e r $ 1 ,0 0 0 .
1 8 9 1 (about). $ 2 1 3 ,0 0 0 ,0 0 0
1 8 9 0 (about). 2 0 9 , 0 0 0 ,0 0 0
1 8 8 6 .......... 2 0 0 , 7 7 5 ,6 1 4
1 8 8 0 ........... 1 8 7 ,0 4 6 ,6 2 4

$ 6 7 ,0 0 0 ,0 0 0
6 5 ,0 0 0 ,0 0 0
6 4 ,7 8 4 ,3 3 8
6 5 , 1 0 6 ,3 6 7

$ 2 8 0 ,0 0 0 ,0 0 0
2 7 4 ,0 0 0 , 0 0 0
2 6 5 ,5 5 9 ,9 5 3
2 5 2 ,1 2 2 ,9 9 1

T h e t a x r a t e f o r 1 8 9 1 in c lu d e s : S ta t e t a x , $ 1 * 7 5 ;
t a x , $ 1 5 * 5 0 ; to ta l, $ 1 7 *2 7 X 2 p e r $ 1 ,0 0 0 .

$ 1 7 *2 7 X 2
2 0 *2 5
1 7 * 8 7 ia
15*5 7 Ja

s c h o o l a n d c it y

POPULATION.— I n 1 8 9 0 p o p u la t io n w a s 4 3 4 ,1 5 1 ; i n l 8 8 0 i t w a a
3 3 2 , 3 1 3 ; i n 1 8 7 0 it w a s 2 6 7 ,9 5 4 .
m

C U M B E R L A N D . — D. I. B lackiston , Mayor.

Cities , Counties

and

T owns

IN T H E

STATE

OF

M ARYLAND.

B A L T I M O R E . — R obert C. D avidson , Mayor.
T h e c it y o f B a lt im o r e , w h ic h , o n a c c o u n t o f it s s p a c io u s a n d se c u re
h a rb o r, h a s b e c o m e o n e o f t h e le a d in g p la c e s o f e x p o r t in th e U n it e d
S ta te s, is lo c a te d o n th e P a t a p s c o R iv e r , t w e lv e m ile s f r o m it s e n t ra n c e
in t o C h e sa p e a k e B a y . T h e le a d in g in d u s t r ie s o f th e p la c e a re t h e p a c k ­
i n g o f f r u it s a n d o y s t e r s a n d th e m a n u f a c t u r e o f b o o ts, sho e s, c o tto n
g o o d s, flou r, b ric k s, m a c h in e r y , a n d m e t a llic w a re s.




C u m b e r la n d , t h e t h ir d c it y in t h e S ta te in p o p u la t io n , a n d t h e c a p it a l
o f A ll e g h e n y C o u n t y , is o n t h e P o t o m a c R i v e r a n d o n t h e lin e o f t h e
B a lt im o r e & O h io R a ilr o a d . I t c o n t a in s a n u m b e r o f m a n u f a c t o r ie s a n d
h a s a n e x t e n s iv e t ra d e i n b it u m in o u s coal.
LO AN S- Interest .— ■>
—
.-------- P rincipal, --------,
N A M E A N D PU R PO SE?.

P. Ot. Payable.

When Due.

Outsland’g.

W a t e r E x t e n s io n b o n d s —
7
A & O
A p r il, 1892
$50,000
P e n n s y l v a n ia R . R . b o n d s.
6
F & A
F e b y ., 1908
65,000
P r in c ip a l to b e p a id b y P e n n s y l v a n ia R a il r o a d C o m p a n y .
C o n so lid a t e d d e b t b o n d s . ..
6 A & O
Oct., 1908
30,000
do
do
... 5
A & O
Oct., 1908
145,000
W a t e r Im p t . b o n d s ............. 5
A & O
Oct., 1910
18,000
M & N | ^gPooo yearly^ |

65,000

F lo a t i n g d e b t b o n d s ....... .

Refunding bonds..................

4

4

M & N | ^ 5 ^ 0 0 yearly9 ^

30,000

B a lt . & O h io R . R . b o n d s.

4

M & N \ ^ lo . b o ^ y e a ^ iy } *1 5 0 ,0 0 0

WSTplOT OF COLUMBIA— DEBT,

October, 1891.

‘ T h e s e b o n d s a re is s u e d b y t h e B a lt im o r e & O h io R a il r o a d a n d t h e
p r i n c ip a l i s p a y a b le b y t h e m ; t h e c it y o n ly a s s u m e s t h e p a y m e n t o f
t h e in te re st. T h e sta tu te a u t h o r iz in g t h is t r a n s a c t io n w i l l b e fo u n d
I n th e L a w s o f M a r y la n d f o r 1 8 9 0 , p a g e s 2 5 4 -2 5 5 .
INTEREST is p a y a b le a t C u m b e rla n d .

TOTAL DEBT, ETC.—T h e t o t a l b o n d e d d e b t o n Sept. 1 8 th , 1 8 9 1 ,
w a s $ 4 0 8 ,0 0 0 , in c l u d in g w a t e r d e b t $ 6 8 ,0 0 0 ; flo a t in g debt, $ 2 1 ,9 3 1 ;
s i n k i n g f u n d asse ts, J u l y 1, $ 2 0 ,4 0 2 ; n e t debt, $ 4 0 9 ,5 2 9 .
DEBT LIMITATION.—T h is c it y c a n n o t is s u e in d e b te d n e ss o v e r
$ 1 0 , 0 0 0 w it h o u t a c t o f L e g is la t u r e a n d v o te o f people.
ASSESSED VALUATION.—I n 1 8 9 1 t o t a l a s se ss e d v a lu a t io n w a s
$ 6 , 5 5 6 , 9 5 6 ; i n 1 8 9 0 , $ 6 ,4 6 1 ,8 2 3 .
T o t a l t a x r a te
(p e r $ 1 ,0 0 0 ),
$ 1 9 -6 0 , t h is in c l u d in g c it y t a x p ro p e r, $ 8 ‘5 0 ; c o u n t y ta x , $ 9 -3 2 5 ; S ta te
t a x , $ l -775. I n 1 8 8 0 t o t a l a s se ss e d v a lu a t io n w a s $ 1 ,5 0 0 ,0 0 0 . T h e
t a x b a s is i n 1 8 9 1 “ is le s s b y a t le a s t $ 5 0 0 ,0 0 0 t h a n th e b a s is o f 1 8 9 0 .”
POPULATION.— T h e

p o p u la t io n in 1 8 9 0 w a s 1 2 ,7 2 9 ; in 1 8 8 0 w a s
1 0 , 6 9 3 ; i n 1 8 7 0 w a s 8,0 5 6 .

8 1

CITY PROPERTY-— T h e c it y o w n s r e a l e sta te a n d o t h e r a v a ila b le
p r o p e r t y a m o u n t in g to a b o u t $ 3 0 ,0 0 0 .
ASSESSED VALUATION-—I n 1 8 9 1 t h e t o t a l a s se ss e d v a lu a t io n
w a s $ 4 , 0 0 0 ,0 0 0 . T a x r a t e (p e r $ 1 ,0 0 0 ) $14-5733, t h is in c l u d in g c it y
t a x p r o p e r $ 5 -0 0 , S ta te t a x $ 1 -7533, c o u n t y t a x $7-80. I n 1 8 8 0 t o t a l
a s se ss e d v a lu a t i o n w a s $ 2 . 8 8 4 ,5 5 9 .
POPULATION-— T h e p o p u la t io n i n 1 8 9 0 w a s 1 0 ,1 1 8 , i n 1 8 8 0
6,6 2 7 , i n 1 8 7 0 w a s 5 ,7 7 9 .

was

T A L B O T C O U N T Y . — B. P. Cox, Co. Clerk.
C o u n t y se a t i s E a s t o n .

LOANS—

R ailroad B onds-

When Due.

68, A & O , $ 4 8 , 0 0 0 ..... A p r. 1 , 1 8 9 2

School B onds ($500)—
t a ’ ? A & O , $ 1 2 , 0 0 0 ..... Oct. 1 , 1 8 9 2
g®’ £ ($ 1 ,0 0 0 d u e y ’ly ) to Oct. 1 , 1 9 0 2

F lo a t in g d e b t...............
$ 1 0 ,0 0 0
T o t a l d e b t Sept. 2 3 ,1 8 9 1 .
7 0 ,0 0 0
S in k in g f u n d a s s e t s .......
2 2 ,5 9 2
T a x v a lu a t io n ’9 1 a b o u t
23 a c t u a l w a s .............. 9 ,1 6 3 ,9 7 5
S ta te <fc Co. t a x p . $ l,0 0 0 . $10-0733
P o p u la t io n in 1 8 9 0 w a s, — 1 9 ,7 3 6
P o p u la t io n in 1 8 8 0 w a s ..... 1 9 ,0 6 5

F R E D E R I C K . . — L ewis B runer , Mayor.
T h e c o u n t y se a t o f F r e d e r ic k C o u n t y , is o n th e F r e d e r ic k & P e n n s y l
v a n i a a n d t h e B a lt im o r e & O h io r a ilro a d s .
I t c o n t a in s s e v e r a l
t a n n e r ie s, fo u n d rie s , m a n u fa c t o r ie s a n d f lo u r in g m ills .

LO AN S-

,— Interest .—

r----------- P rincipal, ---------- ,
When Due.
Outstand’g.

,

P.Ot. Payable.

"NAM E A N D PU RPO SE.

C J u ly 1 ,1 9 1 8 ,
R e f u n d in g b o n d s .............

4

J

&

j}
(

)
> *$ 5 1 2 ,5 0 0

o p t io n a l a ft e r
J u ly 1 ,1 9 0 3 .

‘ F r e e f r o m c o u n t y o r m u n ic p a l ta x .
INTEREST—WHERE P A Y A B L E . — In t e r e s t
■ C itizen s’ N a t io n a l B a n k o f F re d e ric k .

is

)

p a y a b le

at the

TOTAL DEBT, E T C -— T h e t o t a l b o n d e d d e b t o n J a n u a r y 3 1 st, 1 8 9 1 ,
w a s $ 5 1 2 ,5 0 0 ; s in k in g f u n d a s se ts $ 9 ,6 4 6 ; n e t d e b t $ 5 0 2 ,8 5 4 . T h e
s i n k i n g f u n d r e c e iv e s y e a r l y $ 1 -0 0 f o r e v e r y $ 1 ,0 0 0 o f th e a s se ss e d
v a lu a t io n .
CITY PROPERTY .— T h e c it y o w n s it s w a t e r w o r k s , w h ic h p a y s i n
a b o u t $ 9 ,5 0 0 a n n u a lly , a n d th e C it y H a l l b u ild in g , fr o m w h ic h it d r a w s
a n in c o m e o f a b o u t $ 1 ,2 0 0 a n n u a lly .
ASSESSED V A L U A T I O N - — l u 1 8 9 0 t h e a s se ss e d v a lu a t io n o f r e a l
■ estate w a s $ 2 ,6 0 0 ,0 0 0 ; o f p e r s o n a l p r o p e r t y $ 1 ,4 0 0 ,0 0 0 ; t o t a l $ 4 .0 0 0 -,
0 0 0 . C it y t a x ra te (p er $ 1 ,0 0 0 ) $ 8 -75. R e a l e sta te is a s se ss e d a t
a b o u t fo u r-fift h s o f it s a c t u a l v a lu e .” I n 1 8 8 0 t o t a l a s s e s s e d v a l ­
u a t io n w a s $ 4 ,5 2 4 ,4 9 3 .
P O P U L A T I O N - — T h e p o p u la t io n i n 1 8 9 0 w a s 8 ,1 9 3 ; i n 1 8 8 0 w a s
8 , 6 5 9 ; i n 1 8 7 0 w a s 8,526.

F R O S T B U R G H . — J o h n S. M etzger, Mayor.
S it u a t e d i n A ll e g h e n y C o u n t y o n t h e C u m b e r la n d & P ie d m o n t R a i l ­
r o a d a b o u t 1 2 m ile s w e s t o f C u m b e rla n d . C o a l is m in e d v e r y e x te n ­
s iv e l y here.
LOANS—
/— Interest .— ,
,
------------ P rincipal, ---------- >
N A M E A N D PU R PO SE.
P.Ct. Payable.
When Due.
Outstand’g.
(
J u ly 1 ,1 9 2 0 , )
W a t e r b o n d s .....................6 - 4 ^ J & J < o p t io n a l a ft e r > $ 4 0 , 0 0 0
( J u l y 1 ,1 8 9 5 . 3
INTEREST—WHERE PAYABLE-—In t e r e s t is p a y a b le a t t h e C it y
T r e a s u r e r ’s Office.

TOTAL DEBT,

E t c -— T h e t o t a l b o n d e d d e b t o n Sept. 1 8 th , 1 8 9 1

w a s $ 4 0 ,0 0 0 .

ASSESSED VALUATION-— I n

1 8 9 1 t h e t o t a l a s se ss e d v a lu a t io n
w a s $ 1 ,5 0 0 ,0 0 0 ; t o t a l t a x r a t e (p e r $ 1 ,0 0 0 ), $ 1 5 -5 0 , t h is in c l u d in g c ity
t a x p r o p e r $ 5 -0 0 , c o u n t y t a x $ 8 -7213, S ta te t a x $ 1 -7733. C it y t a x
(p e r $ 1 ,0 0 0 ) $ 1 6 -0 9 . I n 1 8 9 0 t o t a l a s se ss e d v a lu a t io n w a s $ 1 ,1 8 5 ,1 0 2 .
P r o p e r t y i s a sse sse d at n e a r it s a c t u a l v a lu e .

POPULATION-—T h e

p o p u la t io n i n 1 8 9 0 w a s a b o u t 4 , 0 0 0 ; i n 1 8 8 0

w a s 4,0 5 7 .

C o u n t y se a t is E lk t o n .

T o t a l debt, M a r c h 1 8 9 1 . . . .$ 2 7 ,0 0 0

T a x v a lu a t io n 1 8 9 0 .. .$ 1 4 ,6 1 9 ,3 6 2
S ta te & Co. t a x p e r $ 1 ,0 0 0 . . . $ 8 - 7 5
P o p u la t io n in 1 8 9 0 w a s ..... 2 5 ,8 5 7
P o p u la t io n i n 1 8 8 0 w a s ..... 2 7 ,1 0 8

C O U N T Y .— T .
T

C o u n t y se a t is O a k la n d .

LOANS—

When Due.

<6s, ...., $ 9 , 0 0 0 ........ 1 8 9 2 to 1 9 0 0
($ 1 ,0 0 0 d u e ye a rly.)

Coubt H ouse B onds—
-6s, ...., $ 1 , 0 0 0 ........... M a y , 1 8 9 2

M.

Stanton ,

13038
T o ta l debt J u ly 1 8 9 0 ...
$ 1 4 ,0 0 0
T a x v a lu a t io n 1 8 9 0 ...... 4 ,2 3 1 ,6 8 9
T a x v a lu a t io n 1 8 8 9 ,...... 4 3 8 1 ,8 1 8
P o p u la t io n in 1 8 9 0 w a s ......1 4 ,2 1 3
P o p u la t io n i n 1 8 8 0 w a s ......1 2 ,1 7 5

T h is , th e c o u n t y s e a t o f W a s h in g t o n C o u n t y ,
I t is a m a n u f a c t u r in g place.
LO AN S- Interest .— —
■ NAME A N D PU RPO SE.
P. Ot. Payable.
S t r e e t im p r o v e m e n t b o n d s ..... 4
J & J
D r a i n a g e b o n d s ..................... 4
J & J

is n e a r A n t ie t a m C re e k .
,----------- P rincipal, -------When Due. Outstand’g.
$ 1 ,0 0 0 an n .
$ 1 ,0 0 0 a n n .

INTEREST—WHERE PAYABLE-—In t e r e s t

$ 1 6 ,0 0 0
9 ,0 0 0

is p a y a b le b y t h e C i t y

T re a s u r e r .

TOTAL DEBT,




D E B T , R E SO U R C E S, E tc.
O n J u l y 1 , 1 8 7 8 , t h e d u tie s o f th e S i n k i n g F u n d C o m m is s io n e r s o f t h e
D is t r ic t o f C o lu m b ia w e re t r a n s f e r r e d to t h e T r e a s u r e r o f th e U n it e d
S ta te s, a n d s in c e t h a t d a te C o n g r e s s h a s a p p r o p r ia t e d a n n u a ll y a s u m
su ffic ie n t to p a y n o t o n ly t h e in te re st o n th e D is t r ic t ’s b o n d s b u t a lso ,
i t is b e lie v e d , su fficie n t to e x t in g u is h th e e n tire d e b t o f t h e D is t r ic t u p o n
th e m a t u r it y o f th e 3 "6 5 p e r ce n t lo a n , i n 1 9 2 4 .
LO AN S—
- Interest .— >
—
---------- P rincipal. ------ ■ s
—
N A M E A N D PU R PO SEP . Ot. Payable.
When Due.
Outsland g.

D istrict of Columbia —

.

.

„ „„

* F if t y - y r . f u n d in g 1 8 7 4 c & r 3 "6 5 F & A A u g . 1, 1 9 2 4 $ 1 4 ,0 3 3 , 6 0 0
« M a r k e t s t o c k ................... c 7 J
& J J u ly 2 6 ,1 8 9 2
0 ,,nn’n n n
t R e f u n d ’g reg. b o n d s. .1 8 9 1 33s J
& J J u l y 1, 1 9 0 1
2 , 4 0 0 ,0 0 0
($ 1 0 0 , $ 5 0 0 a n d $ 1 ,0 0 0 each.) S u b je c t to c a ll a fte r J u l y 1 , 1 8 9 3 .
6 T w e n t y - y . r fu n d . 1 8 7 9 c & r
5 J
& J J u l y 1,
1899
8 7 0 ,4 0 0
(/W ater s t o c k ..................... c 7 J
& J O ct. 1, 1 9 0 1
d
do
.....................c 7
J & J
J u l y 1, 1 9 0 3
1 5 ,0 0 0

L ate Corporation of W ashington —
« T w e n t y - y e a r f u n d i n g ...... c
¿» T h irty-ye a r f u n d i n g ........ c

6g
6g

J & J
M & N

J u l y 1» 1 8 9 2
N o v . 1, 1 9 0 2

8 3 9 ,1 0 0
5 7 6 ,8 0 0

‘ T h e fa it h o f th e U n it e d S ta t e s w a s p le d g e d to se c u re th e p a y m e n t o f
tie in t e r e s t o n th e se b o n d s a n d to m a in t a in a s in k in g f u n d s u m c ie n t to
adeem th e m a ll b y m a t u rit y . T h e is s u e is lim it e d to $ 1 5 , 0 0 0 ,0 0 0 a n a
s e x e m p t f r o m t a x a t io n b y F e d e ra l, S ta t e o r m u n ic ip a l a u th o r it y . JLne
o u p o n b o n d s a re f o r $ 5 0 a n d $ 5 0 0 each, th e r e g ist e r e d b o n d s $ 1 , 0 0 0
n d $ 5 ,0 0 0 each.

INTEREST—WHERE P A Y A B L E - — In t e r e s t o n th e b o n d s is p a id a t
t h e U n it e d S ta t e s T r e a s u r y i n W a s h in g t o n a n d a t t h e S u b - T r e a s u r y in
TOTAL DEBT, SINKING FUNDS, Etc -—T h e s u b jo in e d sta t e m e n t
s h o w s th e D is t r ic t ’s t o t a l d e b t o n t h e 1 s t o f J a n u a r y o f e a c h o f t h e la s t
t w o y e a rs.
1890.
1891.
$ 2 0 ,0 7 0 ,9 5 0
T o t a l fu n d e d d e b t ( in c lu d in g w a t e r debt).. $19,583,050
3 8 2 ,2 9 9
............
409,158
S i n k i n g f u n d s ................................
O n J u l y 1 , 1 8 7 8 , w h e n th e d u t ie s o f t h e S i n k i n g F u n d C o m m is s io n e r s
o f t h e D is t r ic t w e re t r a n s f e r r e d to th e T r e a s u r e r o f th e U n it e d S ta te s,
t h e t o t a l d e b t w a s $ 2 2 ,1 0 6 ,6 5 0 .
ASSESSED V A L U A T I O N - — T h e D is t r ic t ’s a sse sse d v a lu a t i o n a n d
t a x ra te a t d ifferen t p e r io d s h a v e b e e n a s f o l l o w s :
Year.

B eal Estate.

1 8 9 0 ( t a x 1 8 9 1 ) $ 1 4 1 , 6 0 9 .8 9 1
1 8 8 8 ................ 1 1 5 ,4 8 5 ,3 5 3
1 8 8 5 ................
9 3 ,4 9 1 ,8 9 1

H A G E R S T O W N . — R einhold J. H alm , Mayor.

w a s $ 2 5 ,0 0 0 .

W A S H IN G T O N .)

it s

W a s h in g t o n .

LOANS—
When Due.
B uilding L oan , 1887—
-433s, ...., $ 2 7 , 0 0 0 ........................

School B onds—

( IN C L U D E D T H E L A T E C O R P O R A T IO N O F

• T ues** hnriJa havA f.llA aa/lT ffliaTfl.TitV
f 'h
IA

C E C I L . C O U N T Y . — H . J. B riscoe, Treasurer.

G A R R E T T
Treasurer.

¿District of Columbia.

T h e t o t a l b o n d e d d e b t o n Sept. 2 0 th , 1 8 9 1 ,

Personal
Property.
$ 1 1 ,6 9 7 ,6 5 0
1 1 ,7 2 8 ,6 7 2
1 2 ,7 1 5 ,6 8 6

Total Ass’d. Rate o f Tax
Valuation, p e r $ 1 ,0 0 0 .
$ 1 5 3 ,3 0 7 ,5 4 1
1 2 7 ,2 1 4 ,0 2 5
1 0 6 ,2 0 7 ,5 7 7

$ 1 5 ,0 0
1 5 ,0 0
1 5 ,0 0

STATE AW® CITY SUffJ-EMEWT.

8 2

Yol. LIII.

United States Debt.
IN T E R E S T -B E A R IN G D E B T .

R ate .

A uthorizing A ct.

I nterest
P ayable .

O utstanding September 3 0 , 1 8 9 1 .
Registered.

Coupon.

Total.

4 ^ p e r c e n t ...............
$ 2 5 ,3 6 4 ,5 0 0 OOF u n d e d L o a n o f 1 8 9 1 .. J u l y 1 4 , 1 8 7 0 , a n d Ja n . 2 0 , 1 8 7 1 1 C o n tin u e d a t 2 p e r ce nt M ., J., 8. a n d D . $ 2 5 ,3 6 4 ,5 0 0 0 0
F u n d e d r.oan o f 1 9 0 7 .. J u l y 1 4 , 1 8 7 0 , a n d J a n . 2 0 , 1 8 7 1 . . 4 p e r c e n t.......... .-r.... J., A ., J. a n d 0 . 4 8 3 ,4 0 6 ,1 5 0 0 0 $ 7 6 ,1 6 0 ,9 5 0 0 0 5 5 9 ,5 6 7 ,1 0 0 OG
do
9 3 ,1 2 0 OG
R e f u n d in g C e rtific a te s.
A g g ’te o f In t e r e s t - B e a r in g debt, e x c lu s iv e o f U . 8. B o n d s is su e d to P a c ific R d s., a s sta te d b e lo w 5 0 8 ,7 7 0 ,6 5 0 0 0 $ 7 6 ,1 6 0 ,9 5 0 0 0 5 8 5 ,0 2 4 ,7 2 0 OG
D E B T O N W H IC H

IN T E R E S T H A S C E A S E D S IN C E M A T U R IT Y .

F u n d e d L o a n o f 1 8 9 1 , m a tu re d S e p te m b e r 2 , 1 8 9 1 . . . .... ........................... .................... .......... .................................. ...............
O ld D e b t m a tu re d a t v a r io u s d ate s p r io r to J a n . 1, ’61, a n d o th e r it e m s o f d e b t m a tu re d a t v a r i o u s d a te s s u b s e q u e n t to Ja n . 1, ’6 1
A g g r e g a te , Sept. 3 0 , 1 8 9 1 , o f D e b t o n w h ic h in te re st h a s ceased s in c e m a tu rity .

$ 7 ,5 1 6 ,9 0 0 0 0 s
1 ,6 1 0 ,3 9 0 2 G
$ 9 ,1 2 7 ,2 9 0 26-

D E B T B E A R IN G N O IN T E R E S T .
L e g a l T e n d e r N o te s.___
O ld D e m a n d N o t e s ......
N a t io n a l B a n k N o t e s :
R e d e m p tio n A c c o u n t.
F r a c t io n a l C u r r e n c y . ..

F e b r u a r y 2 5 , 1 8 6 2 ; J u l y 1 1 , 1 8 6 2 ; M a r c h 3 , 1 8 6 3 ........................................ ................................... $ 3 4 6 ,6 8 1 ,0 1 6 O G
5 5 ,6 4 7 50*
J u l y 1 7 , 1 8 6 1 ; F e b r u a r y 1 2 , 1 8 6 2 ............................................................................ .........................
J u l y 1 4 , 1 8 9 0 ....................................... .................................... - ......................................................
J u l y 1 7,’62; M c h . 3,’63; J u n e 3 0 ,’64, le ss $ 8 ,3 7 5 ,9 3 4 e stim a te d a s lo s t o r d e stroy e d , A c t o f J u n e 2 1 ,’7 9

3 6 ,5 4 0 ,1 3 8 256 ,9 0 6 ,6 9 1 6 0
$ 3 9 0 ,1 8 3 ,4 9 3 35-

A g g r e g a te , Sept. 3 0 , 1 8 9 1 , o f D e b t b e a r in g n o in te re st,

C E R T IF IC A T E S A N D N O T E S IS S U E D O N D E P O S IT S O F C O IN A N D L E G A L - T E N D E R N O T E S A N D P U R C H A S E S O F S I L V E R B U L L I O N -

I n the
Treasury .

Classification.

G o ld C e rtific a te s............... [M a r c h 3, 1 8 6 3 ; J u l y 12, 1 8 8 2 ......................................................... $ 2 8 ,3 3 2 ,4 9 0
2 ,9 2 0 ,0 7 2
S ilv e r C ertificate s
C u r r e n c y C e rtific a te s___
1 ,9 9 0 ,0 0 0
T r e a s u r y N o t e s o f 1 8 8 0 ___ J u l y H , 1 8 9 0 ..................................................................................
7 ,0 4 5 ,9 0 2

I n Circulation

0 0 $ 1 1 2 ,4 5 1 ,5 6 9
0 0 3 2 2 ,0 1 6 ,4 8 7
00
1 7 ,8 4 5 ,0 0 0
00
5 7 ,2 0 5 ,2 2 8

A mount
I ssued.

0 0 $ 1 4 0 ,7 8 4 ,0 5 9
0 0 3 2 4 ,9 3 6 ,5 5 9
00
1 9 ,8 3 5 ,0 0 0
00
6 4 ,2 5 1 ,1 3 0

OG
OG
OG
OG

A g g r e g a te , Sept. 3 0 , 1 8 9 1 , o f C e rtific a te s a n d T r e a s u r y N ote s, offset b y C a s h in T r e a s u r y . $ 4 0 ,2 8 8 ,4 6 4 0 0 $ 5 0 9 ,5 1 8 ,2 8 4 0 0 $ 5 4 9 ,8 0 6 ,7 4 8 O G
T h e fo llo w in g is a sta te m e n t o f th e t o t a l p u b lic d eb t o f th e U n it e d S ta t e s fr o m 1 7 9 3 to 1 8 4 3 , in c lu s iv e .
I n th e y e a r 1 8 6 0 , an d!
s u b se q u e n tly , th e t o t a ls g iv e n a re th e net a m o u n t o f debt, n o t in c l u d in g a c c ru e d in te re st, le ss th e b a la n c e o f c o in a n d c u r re n c y i n t h e
T re a su r y . B o n d s is su e d to t h e P a c ific r a ilr o a d s are n o t in c lu d e d i n th e statem en t, a s th e se a re a s su m e d to b e a c o n d it io n a l in d e b te d n e ss f o r
w h ic h th e G o v e r n m e n t h o ld s s e c u r it y i n th e sh a p e o f se c o n d m o r tg a g e lie n s o n th e s e v e r a l ro a d s.
F o r th e m o re re c e n t y e a rs th e fig u r e s
g iv e n b e lo w d o n o t a g re e w it h th o se re p o rte d i n th e m o n t h ly d e b t sta te m e n ts, a s a c h a n g e i n th e fo r m o f th e la t t e r w a s m a d e i n 1 8 8 5 , b y
w h ic h th e P a c ific r a ilr o a d s ’ b o n d s w e re in c lu d e d a s a p a r t o f th e t o t a l d e b t a n d th e fr a c t io n a l s ilv e r a n d m in o r c o in n o lo n g e r tre a te d a s
c a s h offsets, a n d b y w h ic h a lso in te re st a c c ru e d a n d u n p a id w a s a d d e d to t h e debt. O n A u g u s t 1, 1 8 9 0 , a n o th e r c h a n g e w a s m ad e, th e o l d
f o r m b e in g a g a in ad op ted , e x c e p t t h a t the N a v y P e n s io n F u n d o f $ 1 4 ,0 0 0 ,0 0 0 is n o t c o u n te d a s p a r t o f th e debt. W e g iv e the r e s u l t s
e n t ire ly i n the o ld fo rm , so t h a t th e c o m p a r is o n is o n th e sa m e b a s is f o r a ll th e ye a rs. T h e to ta ls a re f o r J a n u a r y 1 o f ea c h y e a r fr o m 1 7 9 3
to 1 8 4 3 , in c lu s iv e , a n d f o r J u l y 1 (the close o f th e fisc a l ye a r) sin c e 1 8 4 4 in c lu s iv e .
Ye ar.

A m o u n t.

1 7 9 3 ... $ 8 0 ,3 5 ,6 3 4
1 7 9 4 ...
7 8 ,4 0 7 ,4 0 4
1 7 9 5 ..
8 0 .7 4 7 ,5 8 '
1 7 9 6 ...
8 3 ,7 6 2 ,1 7 2
1 7 9 7 ...
8 2 ,0 0 4 ,4 7 9
1 7 9 8 ...
7 9 ,2 8, -2 9
1 7 9 9 ..
7 8 ,4 0 8 ,6 6 9
1800.
8 2 ,9 7 6 ,2 9 4
1801.
8 3 ,0 3 8 0 5 0
1 8 0 2 . . 8 0 ,7 1 2 ,6 3 2
1 8 0 3 ...
7 7 ,0 4 ,6 8 6
1 8 0 4 ...
8 c ,4 2 7 .1 2 o
18(>5.
8 2 ,3 1 2 ,1 0
1806.
7 5 ,7 2 ...2 7 0
1 8 0 7 ..
69. 1 8 .3 9 0
1 8 0 8 ...
6 5 ,1 9 6 ,3 1 7
1809.
5 7 , "2 3 , 1 9 2




Y e a r.

A m o u n t.

1 8 1 0 ... $ 5 3 , 1 '3 . 2 1 7
4 8 .0 0 5 ,5 8 7
1 8 1 1 ...
4 5 ,2 o 9 ,7 « 7
1 8 1 2 ...
1813.
5 5 ,9 6 2 .8 2 7
1814.
8 1 ,4 8 7 .8 4 6
1 8 1 5 ...
9 9 ,8 0 3 ,6 6 0
1 8 1 6 ... 1 2 7 ,8 3 4 ,9 3 3
1 8 1 7 ... 1 2 1 ,4 9 .0 6 5
1. 3 ,4 6 6 .6 3
1 818.
1 8 1 9 ...
9 5 .5 2 9 ,6 4 8
9 1 .0 1 5 ,5 6 6
1 8 2 0 ...
1 821.
8 9 ,9 8 7 4 2 7
1 8 2 2 ...
9 3 5 4 6 ,6 7 6
1 8 2 3 ...
9 0 ,8 7 5 ,8 7 7
1 8 2 4 ...
9 0 ,2 9 ,7 7 7
8. ,7 8 8 .4 3 2
3
1 8 2 5 ..
1826..
8 1 ,0 5 4 O ' 9

Ye ar.

A m o u n t.

1 8 2 7 ... $ 7 3 .9 8 7 ,3 5 7
1 8 2 8 ..
6 7 .4 7 5 ,0 4 3
5 * , 4 2 1 ,4 1 3
1 8 2 9 ...
18 3 0 ..
4 8 ,5 6 5 ,4 0 6
1831.
3 9 ,1 2 3 ,1 9 1
1 8 3 2 ...
2 4 ,3 2 2 ,2 3 5
1 833.
7 ,0 0 1 ,6 9 8
1 8 3 4 ...
4 ,7 6 0 ,0 -2
1 8 3 5 ...
37, '1 3
1 8 3 6 ...
3 3 6 ,9 5 7
1 8 3 7 ..
3 ,3 0 8 .1 2 4
1 0 ,4 3 4 ,2 2 1
1 8 3 8 ...
1839 ..
3 , 5 ' 3 ,3 4 3
5 ,2 5 0 ,8 7 5
1 *4 0 ..
1841..
1 3 .5 >4,480
1 8 4 2 .,.
2 0 ,6 0 1 ,2 2 6
1 8 4 1 ..
3 2 , 7 4 ", 9 2 2

Y e a r.

A m o u n t.

1 8 4 4 ... |$23,4 6 1 .6 5 2
1 5 ,9 2 5 3 0 <
1 8 4 5 ..
1 8 .5 5 0 ,2 0 2
1 *4 6 ..
1 8 4 7 ...
3 8 .8 2 6 ,5 3 4
4 7 .0 4 4 ,8 6 2
1848 .
1 8 4 9 ...
6 3 ,0 6 1 ,8 5 8
6 3 ,4 5 2 ,7 7 3
1 8 5 0 ...
6 8 ,3 0 4 ,7 9 6
1 8 5 1 ...
6 6 ,1 9 9 .3 4 1
1 8 5 2 ...
1 8 5 3 ...
5 9 ,8 0 3 , l i 7
4 2 ,2 4 2 ,2 2 2
1 8 5 4 ...
3 5 ,5 8 6 ,9 5 6
1 8 5 5 ...
3 1 ,9 7 2 ,5 3 7
1 8 5 6 ...
28,<-99,831
1 8 5 7 ...
4 4 ,9 1 1 ,8 8 1
1 8 5 8 ...
5 8 ,4 9 6 ,8 3 7
1 8 5 9 ...

Ye ar.
1 8 6 0 ...
1 8 6 1 ...
1 862.
1 863.
1 8 6 4 ...
1 8 6 5 ...
1 8 6 6 ...
1 8 6 7 ...
1 8 6 8 ...
1 8 6 9 ...
1870.
1 8 7 1 ...
1872...
1 8 7 3 ...
1 8 7 4 ...
1875. .

A m o u n t.
$ 5 9 ,9 6 4 ,4 0 2
8 7 ,7 1 8 ,6 6 0
5 0 5 ,3 1 2 ,7 5 2
1 ,1 1 1 ,3 5 0 ,7 3 7
1 .7 0 9 ,4 5 2 ,2 7 7
2 ,6 7 4 ,8 1 5 ,8 5 6
2 ,6 3 6 ,0 3 6 ,1 6 3
2 ,5 0 8 ,1 5 1 ,2 1 1
2 .4 8 0 ,8 5 3 ,4 1 3
2 ,4 3 2 ,7 7 1 ,8 7 3
2 ,3 3 1 ,1 6 9 ,9 5 6
2 .2 4 6 ,9 9 4 ,0 6 8
2 ,1 4 9 7 8 0 ,5 3 0
2 ,1 0 5 ,4 6 2 ,0 6 0
2 ,1 0 4 .1 4 9 ,1 5 3
2 , 0 9 0 ,0 4 1 ,1 7 0

Y e a r.
1 8 7 6 ...
1 8 7 7 ...
1 8 7 8 ..
1 8 7 9 ...
1 8 8 0 ...
1 8 8 1 ...
1882.
1883.,
1 8 8 4 ...
1 8 8 5 ..
1 8 8 6 ...
1 8 8 7 ...
1888.
1 -8 9 ...
1890.
a 8 » 1 ...

A m o u n t.
$ 2 , 0 6 0 .9 2 5 ,3 4 G
2 , 0 1 9 ,2 7 5 .4 3 1
1 , 9 9 9 ,3 8 2 2 8 G
1 ,9 9 6 .4 1 4 , Ö5
1 ,9 1 9 .3 2 6 ,7 4 7
1 , 8 1 9 ,6 5 0 .1 5 4
1,675,« 23,4=74
1 , 5 3 8 ,7 8 1 .8 2 5
1 ,4 3 8 ,5 4 2 ,9 9 5
1 ,3 7 5 ,3 5 2 .4 4 3
1 , 2 8 2 ,1 4 5 ,8 4 0
l, i7 5 1 6 -,6 7 5
1 ,0 6 3 .0 0 4 ,8 9 5
9 7 5 ,9 3 9 ,7 5 G
8 9 0 8 4 .3 7 1
8 6 o ,9 1 2 ,7 5 1

83

D e b ts

and
O

P

1 1ST

R esou rces
T

T

H

H

E

E

WESTERN MIDDLE STATES.
INDEX FOR THE WESTERN MIDDLE STATES, CITIES, Etc.
O H IO — State, Cities, & c .......................................... Pages 83 to 92 I IL L IN O IS —State, Cities, & c ............................. Pages 96 to 102
IN D IAN A.— State, Cities, See..................................Pages 92 to 96 | M IC H IG A N —State, Cities, & c .......................... Pages 102 to 1C5

State of Ohio.
IT S

DEBT, RESOURCES,

E

t c

.

Admitted as a State (Act, April 30, 1802)
Nov. 29, 1802
Total area of State (square miles)
.
.
.
41,060
State Capital - ' ?
- ' Columbus
Governor (term exp. 2d Mon. Jan., 1892) - James E. Campbell
Secretary of State (term ends 2d Mon. Jan., ’93) Daniel J. Ryan
Treasurer (term exp. 2d Mon. Jan., 1892)
- John C. Brown
Legislature meets biennially in even years, on the first Mon­
day, but adjourned sessions are held in odd years. There is
no limit to length of sessions.

HISTORY OF DEBT .— O h io ’s d e b t h is t o r y b e g in s w it h w h a t m a y
b e c a lle d th e in a u g u r a t io n o f t h e c o n s t r u c t io n o f it s p u b lic w o rk s .
I t w a s o n th e 4 t h o f J u ly , 1 8 2 5 , t h a t th e b r e a k in g o f g r o u n d w a s cele­
b r a t e d (1) fo r th e N a t io n a l R o a d w e st o f th e O h io a t St. C la ir s v ille , a n d
(2) f o r th e O h io C a n a l a t L i c k i n g S u m m it. T h e la t t e r c e r e m o n y w a s
m a d e a n o c c a s io n o f s p e c ia l re jo icin g , a n d w a s g ra c e d b y t h e p re se n c e
o f G o v e r n o r C lin t o n o f N e w Y o r k a n d G o v e r n o r M o r r o w o f O h io ; it is,
to o , th e e v e n t w h ic h m o re p a r t ic u l a r l y b e lo n g s to t h is b rie f h is t o r y o f
t h e p u b lic debt, b e c a u se it w a s a p u r e ly S ta t e e n te rp rise , a n d f u r t h e r
b e c a u s e t h e a c c o u n t s o f th e g a t h e r in g c o n t a in th e a d d e d fa c t t h a t
M e s s r s . L o r d a n d R a t h b o n e w e re p re se n t, w h o h a d t a k e n th e firs t lo a n
o f O h io 5 p e r ce n t s t o c k a t 9 7 ^ p e r cent.
W e h a v e ca lle d t h e y e a r 1 8 2 5 th e d a te w h e n O h io b e g a n it s s y s t e m
o f p u b lic w o rk s. T h a t s ta te m e n t is n o t s t r ic t ly co rre ct, th e M ia m i
C a n a l (first p ro je c te d f r o m C in c in n a t i to D a y t o n o n th e M a d R iv e r )
h a v i n g b e e n b e g u n i n 1 8 2 0 a n d o p e n e d 4 4 m ile s to th e M ia m i R i v e r in
1 8 2 7 , b e in g c a r r ie d to D a y t o n in 1 8 2 9 a n d t h e n fin is h e d t o T o le d o i n
1 8 3 5 . B u t th a t e n te rp rise , d u r in g it s e a r lie r p r o g r e s s a t least, se e m s to
h a v e b e e n p a id f o r b y th e s a le s o f la n d , so t h a t t h e firs t b o n d s p u t o u t
b y th e S ta t e w ere, a s r e m a rk e d ab ove , i n 1 8 2 5 , th e m o n e y b e in g o s t e n ­
s i b l y r a is e d f o r th e O h io C a n a l project, w h ic h w a s c a r r ie d t h r o u g h a n d
w a s fin ish e d , u n it in g C le v e la n d a n d L a k e E r i e w it h P o r t s m o u t h o n the
O h io , i n 1 8 3 5 . T h e o t h e r p ro je c ts w h ic h re c e iv e d th e a id o f th e S ta te
w e n e e d n o t cite here. T h e y in c lu d e d n o t o n ly c a n a ls b u t t u r n p ik e s
a n d r a ilr o a d s . A t th e clo se o f 1 8 3 5 th e d e b t o f t h e S ta t e w a s re p o r t e d
a t $ 4 ,5 0 0 ,0 0 0 . I n 1 8 4 4 it w a s re p o rt e d a t $ 1 9 ,3 7 3 ,2 5 1 , w h ic h w a s th e
m a x im u m figure, th e t o t a l i n 1 8 4 5 b e in g $ 1 9 ,3 1 8 ,0 2 0 a n d in 1 8 4 9 b e in g
$ 1 9 ,1 7 3 ,2 2 3 ; t h is la t t e r t o t a l (a n d w e p re s u m e th e t o t a l fo r e a c h o f th e
y e a r s 1 8 4 4 a n d 1 8 4 5 is a ls o m a d e u p i n th e sa m e w a y ) in c lu d e s n o t
o n ly w h a t w a s c a lle d th e “ fo r e ig n d e b t ” ($ 1 6 ,8 8 0 ,9 8 2 -50) b u t th e
s c h o o l d e b t ($ 1 ,5 6 6 ,9 3 0 *8 7 ) a n d th e “ d o m e s tic b o n d s ” ($ 7 2 5 ,3 0 9 -85).
A t le n g t h e x p e rie n c e b r o u g h t O h io , a s it h a s o n e a ft e r a n o t h e r
b r o u g h t a ll th e States, to t h e c o n c lu s io n t h a t p r iv a t e c a p it a l is th e
b e s t d e p e n d e n c e fo r p u b lic im p ro v e m e n ts . A c c o r d in g ly , i n th e C o n ­
s t it u t io n fr a m e d b y th e c o n v e n t io n h e ld a t C in c in n a t i i n 1 8 5 0 -’5 1 a n d
a d o p t e d b y th e p e o p le o n th e t h ir d T u e s d a y o f J u n e , 1 8 5 1 , a s in k in g
f u n d a r r a n g e m e n t w a s c re a te d a n d d e b t -m a k in g b y th e S ta t e w a s
r e s t r ic t e d s u b s t a n t ia lly to $ 7 5 0 ,0 0 0 , e x c e p t i n c a se s o f in v a s io n ,
r e b e llio n , etc., a s w i ll m o re f u l l y a p p e a r i n a n ite m b e lo w g i v i n g the
d e b t lim it a t io n n o t o n ly o f th e State, b u t a ls o o f the citie s, etc. F r o m
t h a t d a te p r o g r e s s i n th e d e c lin e o f th e a m o u n t o f o u t s t a n d in g o b lit ; i o n s h a s b e e n a lm o s t u n in te r ru p te d . I n 1 8 5 9 th e t o t a l “ f o re ig n




d e b t ” w a s $ 1 3 ,8 9 7 ,2 4 2 a n d th e o th e r it e m s $ 2 ,5 3 4 ,0 7 7 , a n d i n 1 8 8 0
t h e b o n d e d d e b t h a d b e e n re d u c e d t o $ 6 ,4 7 6 ,8 0 5 . T h e d e ta ils o f t h e
S ta t e debt a s it s t a n d s n o w a re g iv e n i n th e sta te m e n t w h ic h fo llo w s .
LOANS—
• Interest .— - ,------------- P rincipal. ------- —
—
N A M E A N D PU RPO SE.
P.Ct. Payable.
When Due.
Outstand g.
F u n d e d d e b t .............
do
.......................
do
.............
D o m e s t ic l o a n ........ § .........

3
J &
J ^ $ 2 5 0 * 0 0 0 ’y ’r l y |
3
J &
J
J u l y 1, 1 8 9 9
3
J &
J
J u l y 1, 1 9 0 0
In t e r e s t ceased.

2 4 0 ,0 0 0
3 0 0 ,0 0 0
1 ,6 6 5

T O T A L D E 3T , ETC-—T h e t o t a l fu n d e d d e b t o n N o v e m b e r 1 5 th ,
1 8 9 0 , w a s $ 2 ,5 4 1 ,6 6 5 ; s in k in g f u n d a sse ts, $ 1 9 8 ,2 5 8 ; n e t debt, $ 2 ,3 4 3 ,4 0 7 . T h e t o t a l d e b t in 1 8 8 9 w a s $ 2 , 7 9 6 , 6 6 5 ; i n 1887 it w a s $ 3 ,3 4 0 ,0 0 0 ; i n 1 8 8 5 it w a s $ 3 , 7 2 0 , 2 2 9 ; in 1 8 8 0 it w a s $ 6 ,4 7 6 ,8 0 5 .
A S S E S S E D V A L U A T I O N — T h e a sse sse d v a lu a t io n o f r e a l a n d p e r ­
s o n a l p r o p e r t y i n t h e S ta te h a s b e e n a s f o llo w s :
Tears.

Real Estate.

Personal Property.

Total.

1 8 9 0 .....................$ 1 ,2 3 2 ,3 0 5 ,3 1 2
$ 5 4 5 ,8 3 3 ,1 65
$ 1 ,7 7 8 ,1 3 8 ,4 7 7
5 0 9 ,9 1 3 ,9 8 6
1 .6 7 0 ,0 7 9 ,8 6 8
1 8 8 5 .................... 1 ,1 6 0 ,1 6 5 ,8 8 2
1 8 8 0 .................... 1 .1 0 2 ,0 4 9 ,9 3 1
4 5 6 ,1 6 6 . 1 3 4
1 , 5 5 8 ,2 1 5 ,9 6 5
1 8 7 5 .................... 1 ,0 6 2 ,9 1 5 .0 4 4
5 3 5 ,6 6 0 ,8 1 8
1 ,5 9 8 ,5 7 5 ,8 6 2
1 8 7 0 ....................
7 0 7 ,8 4 6 , 6 3 6
4 5 9 , 6 8 4 ,8 6 1
1 , 1 6 7 ,7 3 1 ,6 9 7
1 8 6 0 ....................
6 3 9 ,8 9 4 ,3 1 1
2 4 8 ,4 0 8 , 2 9 0
8 8 8 ,3 0 2 ,6 0 1
1 8 5 0 ....................
3 4 1 ,3 8 9 ,8 3 8
9 8 ,4 8 7 ,5 0 2
4 3 9 ,8 7 6 ,3 4 0
1 8 4 0 ....................
8 5 ,2 8 7 ,2 9 1
2 7 ,0 3 8 ,8 9 5
1 1 2 ,3 2 6 ,1 5 6
1 8 3 0 ....................
5 0 , 0 8 6 ,2 5 0
1 4 ,5 8 9 ,3 3 5
6 4 ,6 7 5 ,5 7 8
DEBT LIMITATION — O h io h a s v e r y o a r e fu lly g u a rd e d th e debt­
m a k in g p o w e r o f th e State. T h is c o u ld n o t be s a id w h ile th e C o n s t it u
t io n o f 1 8 0 2 w a s i n f o r c e ; f o r u n d e r t h a t in s t r u m e n t it w a s co m p e te n t
fo r th e L e g is la t u r e to c o n s t r u c t w o r k s o f in t e r n a l im p r o v e m e n t o n
b e h a lf o f th e State, o r to a id i n t h e ir c o n s t ru c t io n b y s u b s c r ib in g to th e
c a p ita l s to c k o f c o rp o ra t io n s .c re a t e d fo r t h a t p u rp o se , o r to a u th o r iz e
i n o th e r w a y s th e c r e a tio n o f d e b t i n u n lim it e d a m o u n ts. B u t s in c e th e
a d o p t io n o i the C o n s t it u t io n o f 1 8 5 1 th e w h o le s it u a t io n i n th e se p a r ­
t ic u la r s h a s ch a n ge d , t h e le g is la t iv e p o w e r w it h re sp e c t to th e S ta te
h a v i n g b e e n lim ite d . T h e sa m e is i n la r g e m e a s u re t r u e a ls o o f th e
m u n ic ip a lit ie s .
FIRST, A s to the State's power to contract debt, t h is is r e g u la t e d u n d e r
the fir s t five se c tio n s o f a rtic le 8 o f th e C o n st it u t io n . S e c tio n 1 lim it s th e
p o w e r to t h e s u p p ly o f “ c a s u a l d e ficits i n re v e n u e s o r to m e e t e x p e n s e s
n o t o t h e r w is e p r o v id e d fo r,” b u t i n th e a g g re g a te d e b ts fo r e v e n th e
p u r p o s e s n a m e d c a n n o t ex ce e d $ 7 5 0 ,0 0 0 . S e c tio n 2 c o n t a in s a n excep­
tion to the f o r e g o i n g ; it g r a n t s th e p o w e r to c o n tra c t d eb t in ca se o f i n ­
v a sio n , o f in s u r re c t io n , o f w a r o r o f th e r e d e m p tio n o f th e t h e n e x is t in g
in d e b te d n e ss. S e c tio n 3 re a ffirm s th e lim it, e x c e p t a s a b o v e specified.
S e c tio n 4 fo rb id s the lo a n in g o f the S ta te credit. S e c tio n 5 f u r th e r fo r ­
b id s th e a s s u m p t io n o f d e b ts b y States. W e in s e r t th e se fiv e se c tio n s i n
fu ll.
S ection 1. [Debt limited to seven hundred and fifty thousand dollars].
T h e S ta te m a y c o n t ra c t d e b ts to s u p p ly c a s u a l d eficits o r fa ilu r e s i n
re v e n u e s o r to m e e t e x p e n s e s n o t o t h e rw is e p ro v id e d for; b u t th e
a g g re g a te a m o u n t o f s u c h d e b ts d ire c t a n d c o n t in g e n t w h e t h e r
c o n tra c te d b y v ir t u e o f o n e o r m o re a c ts o f th e G e n e ra l A s s e m b ly , o r a t
d iffe re n t p e r io d s o f tim e, s h a ll n e v e r e xcee d s e v e n h u n d re d a n d fifty
t h o u s a n d d o lla rs; a n d th e m o n e y a r is i n g f r o m th e c re a tio n o f s u c h
d e b ts s h a ll b e a p p lie d to th e p u r p o s e f o r w h ic h it w a s o b ta in e d o r to
r e -p a y th e d e b ts so co n tra c te d a n d to n o o th e r p u r p o s e w h a te v e r.
S e c t i o n 2. [ Additional and fo r what purpose.] I n a d d it io n to t h e
a b o v e lim it e d p o w e r t h e S ta te m a y c o n tra c t d e b ts to re p e l in v a s io n ,
s u p p r e s s in su r re c t io n , d e fe n d th e S ta te i n w a r, o r to red ee m the p re s e n t
o u t s t a n d in g in d e b te d n e ss o f th e State; b u t the m o n e y a r is i n g fr o m th e
c o n t r a c t in g o f s u c h d e b ts s h a ll be a p p lie d to the p u r p o s e fo r w h ic h it
w a s ra ise d , o r to r e -p a y s u c h debts, a n d to n o o th e r p u r p o s e w h a te v e r;
a n d a ll d e b ts in c u r r e d to red ee m the p re s e n t o u t s t a n d in g in d e b t­
e d n e ss o f th e S ta te s h a ll be so c o n tra c te d a s to b e p a y a b le b y th e
s in k in g f u n d h e r e in a ft e r p r o v id e d fo r a s th e sa m e s h a ll a c c u m u la te
S e c t i o n 3. [The State to create no other debt.] E x c e p t the debt3 a b o v e
sp e cifie d in S e c tio n s 1 a n d 2 o f t h is article , n o d eb t w h a te v e r s h a ll h e re ­
a ft e r b e c re a te d b y o r o n b e h a lf o f the State.

Section 4. [Orc'dit o f State: th” State shall not become jo in t owner o r
stockholder.] T u e c r d it o f the S ta te s h a ll n o t in a n y m a n n e r b e g iv e n
o r lo a n >d t > o r i n a id o f a n r in d iv id u a l a s s o c ia t io n o r c o rp o ra t io n w h a t ­

ever; n o r s h a ll th e S ta t e e v e r h e re a fte r b e c o m e a j o in t o w n e r o r s to c k -

84

Vol. LIII.

h o ld e r in a n y c o m p a n y o r a s s o c ia t io n i n t h is S ta t e o r e lse w h e re fo rm e d
f o r a n y p u r p o s e w h a te v e r.
Section 5. [ N o assum ption o f debts by the State.] T h o S ta t e s h a ll
n e v e r a s su m e th e d e b ts o f a n y co u n ty , city, t o w n o r t o w n sh ip , o r o f
a n y c o rp o ra t io n w h a te v e r, u n le s s s u c h 'd eb t s h a ll h a v e b e e n c re a te d to
r e p e l in v a s io n , s u p p r e s s in s u r r e c t io n o r d e fe n d th e S ta te i n w a r.
T h e fo r e g o in g s e c tio n s co m p le te the lim it a t io n a s to S ta te d eb t a n d
credit. S e c tio n s 7, 8, 9 , 1 0 a n d 1 1 o f A r t ic le 8 c o v e r the m a tte r o f s in k ­
i n g fu n d s re fe rre d to i n S e c tio n 2 above. B u t t h e y n e e d n o t b e p u b ­
lis h e d here.
SECOND, A s to Cities, Towns, Counties, <£c., so f a r a s th e C o n s t it u t io n
affects th e p o w e r o f t h e L e g is la t u r e to a u th o riz e the se m u n ic ip a li­
tie s to cre ate debt, th e lim it a t io n s a re f o u n d i n se c tio n 6 o f a rtic le
8 a n d i n s e c tio n s 1, 2 a n d 6 o f a rtic le 13.
(1) S e c tio n 6 o f
a rtic le 8 f o rb id s th e G e n e ra l A s s e m b ly to
a u th o r iz e
cities,
&c., to b ecom e sto c k h o ld e r s i n o r to r a ise m o n e y o r lo a n
cre d it to a id c o rp o ra tio n s, &c. (2) S e c tio n s 1 a n d 2 o f a rtic le 1 3 f o r b id
the p a s s in g o f sp e c ia l acts a n d re q u ire g e n e ra l acts f o r c o n f e r r in g c o r ­
p o ra te p o w e rs. (3) S e c tio n 6 o f a rtic le 1 3 p ro v id e s t h a t th e G e n e ra l
A s s e m b ly m a k e p r o v is io n fo r th e o r g a n iz a t io n o f cities, &c., b y g e n e ra l
la w s a n d r e s tr ic t t h e ir d e b t -m a k in g p ow e r. T h e se s e c tio n s a re a s
fo llo w s :
A rticle 8, S e c tio n 6. [Counties, cities, towns or townships not author­
ized to become stockholders, die.] T h e G e n e ra l A s s e m b ly s h a ll n e v e r
a u th o riz e a n y c o u n ty , city, t o w n o r to w n sh ip , b y v o te o f it s c itiz e n s o r
o th e rw ise , to b ecom e a sto c k h o ld e r i u a n y j o in t s to c k c o m p a n y , c o rp o ra ­
t io n o r a s so c ia t io n w h a te v e r ; o r to r a ise m o n e y for, o r lo a n it s ore d it
to, o r in a id of, a n y s u c h c o m p a n y , c o rp o ra t o u o r a sso c ia tio n .
A rticle 13, S e c tio n 1. [C orporatepow ers]. T h e G e n e ra l A s s e m b ly
s h a ll p a s s n o sp e c ia l a ct c o n f e r r in g c o rp o ra te p ow ers.
S e c t 'o n 2. [ Corporations how form ed]. C o r p o r a t io n s m a y b e fo rm e d
u n d e r g e n e ra l l a w s ; b u t a ll s u c h la w s m a y f r o m t im e to t im e be altere d
o r repealed.
S e c tio n 6. [ Organization o f cities, (6c.] T h e G e n e r a l A s s e m b ly s h a ll
p r o v id e fo r th e o r g a n iz a t io n o f citie s a n d in c o rp o r a t e d v illa g e s b y g e n e ­
r a l la w s a n d r e s tr ic t t h e ir p o w e r o f ta x a tio n , a sse ssm e n t, b o r r o w in g
m o n e y , c o n t r a c t in g d eb ts a n d lo a n in g t h e ir cre dit, so a s to p re v e n t th e
a b u se o f s u c h i>ower.
O n e a t firs t s ig h t w o u ld in fe r f r o m se c tio n 6 a r tic le 8 a b o v e cite d t h a t
o itie s c o u ld n o t su b s c r ib e to th e s to c k o f o r lo a n m o n e y to ra ilr o a d s , a s
r a ilr o a d s a re c o rp o ra t io n s a n d jo in t -st o c k co m p a n ie s. T h a t, h o w e v e r,
i s n o t a c o rre c t c o n c lu sio n , a s w a s d e cid ed i n th e c a se o f W a lk e r vs. T h e
C it y o f C in c in n a t i, a ca se w h ic h a ro se u n d e r a n a c t o f the G e n e ra l
A s s e m b ly o f O h io e n title d “ A n A c t r e la t in g to c itie s o f the first cla ss,”
a u t h o r iz in g a n y s u c h c it y to c o n s t ru c t a lin e o f r a ilr o a d th e re fro m to
a n y o th e r t e r m in u s i n t h a t S ta te o r i n a n y o th e r State.
In
p u r s u a n c e o f the a u t h o r it y t h a t a ct p u r p o r t s to g iv e , C n c in n a t i
u n d e r t o o k to b u ild the C in c in n a t i S o u t h e r n R a ilro a d . T o te st th e le g a l­
i t y o f t h a t p ro c e e d in g t h is a c tio n w a s b ro u g h t. T h e C o u rt ’s o p in io n is
v e r y f u ll a n d e x p lic it, th e c o n c lu s io n b e in g t h a t fr o m “ th e la n g u a g e
“ o f th e se c tio n it is q u ite e v id e n t t h a t it was not intended to proh ibit

1 8 9 0 ............ 3 ,6 7 2 ,3 1 6
1 8 8 0 .............3 , 1 9 8 ,0 6 0
1 8 7 0 ............ 2 ,6 6 5 ,2 6 0

1 8 6 0 ............. 2 ,3 3 9 ,5 1 1
1 8 5 0 ............. 1 ,9 8 0 ,3 2 9
1 8 4 0 ............. 1 ,5 1 9 ,4 6 7

1 8 3 0 ............9 3 7 ,9 0 3
1 8 2 0 ............5 8 1 ,2 9 5
1 8 1 0 ............2 3 0 , 7 6 0
T h e a d d it io n i n 1 8 6 0 - 7 0 w a s 3 2 5 ,7 4 9 , o r 1 3 -9 2 p e r c e n t ; i n 1 8 7 0 - 8 0
5 3 2 ,8 0 2 , o r 1 9 -9 9 p e r c e n t ; i n 1 8 8 0 -9 0 , 4 7 4 ,2 5 4 , o r 1 4 -8 3 p e r cent.

BANKS—STATS. NATIONAL AND SAVINGS INSTITUTIONS.
— I t is a lm o s t s u p e r flu o u s to s a y t h a t b a n k in g o p e ra t io n s i n O h io h a v e
b ee n g r e a t ly e x te n d e d i n re c e n t ye a rs. T h a t f o llo w s n e c e s s a r ily fr o m
th e g r o w t h in p o p u la tio n , in w e a lth a n d i n i n l u s t r i a l a c t iv it y . T h e
n a t io n a l b a n k s o v e r s h a d o w a ll o th e rs i n th e State. T h e re w e re o n J u l y
9 , 1 8 9 1 , 2 3 6 o f th e se in st it u t io n s , a n d th e y h e ld n e a r ly 8 7 m illio n s o f
d e p o sits, a g a in s t a b o u t 5 5 m illio n s h e ld b y the 2 0 3 n a t io n a l b a n k s in
e x ist e n c e a t th e e n d o f 1 8 8 5 . A s to the S ta te b a n k s , i f w e t a k e the re ­
p o r t o f the S ta te A u d it o r a s a gu id e, th e re w e re 6 4 o f th e m i n O c t o b e r,
1 8 9 0 , 3 3 o f th e n u m b e r b e in g s to c k s a v in g s b a n k s e x e r c is in g th e f u n c ­
t io n s o f c o m m e rc ia l b a n k s . T h e se 3 3 h a d $ 3 ,4 2 3 ,7 0 0 ca p ita l, $ 7 3 2 , 9 4 8
s u r p lu s a n d $ 1 5 , 0 7 9 ,1 5 6 d ep o sits. T h e o th e r 3 1 b a n k s h a d $ 1 ,7 1 9 ,0 3 0
c a p ita l, $ 4 9 7 , 1 4 6 s u r p lu s a n d $ 6 ,1 5 1 ,2 3 5 d ep osits. T h e g r a n d a g g r e ­
ga te o f t h e t w o is s h o w n u n d e r th e h e a d o f S ta te b a n k s in th e f o llo w in g
sta te m e n t:

1890-91.— --------. ----------------1385.-------------- ,

Ohio .

National.
(July 9,’91.)

N o. o f b a n k s ......
236
C a p i t a l . . . . ........$ 4 3 ,4 1 4 ,0 0 0
S u r p lu s & p ro fits. 1 4 ,4 6 1 ,6 6 9
D e p o s it s , in d iv d ’l. 8 6 ,8 4 5 ,9 5 0

State.

National.
(Dec. 24.)

(Oct., 90.)
*6 4
* $ 5 ,1 4 2 ,7 3 0
* 1 ,2 3 0 ,0 9 4
*2 1 ,2 2 1 ,3 9 1

203
$ 3 6 ,7 3 4 ,0 0 0
9 ,3 1 1 ,2 6 6
5 4 ,9 0 2 ,1 4 9

State.
(A pril 4.)
138
t$ 2,5 3 7 . 0 0 0
1 5 0 2 ,0 9 4
16,880,201

* C o m p re h e n d s 3 3 s to c k s a v i n g s b a n k s e x e r c is in g c o m m e r c ia l f u n c ­
tio n s.
1 T a k e n fr o m re p o r t o f C o m p t r o lle r o f the C u r r e n c y fo r 1 8 8 5 ,
a n d m a y h a v e been p re p a re d o n a d iffe re n t b a sis f r o m t h a t fo llo w e d b y u s .
W e h a v e n o m e a n s o f d e t e r m in in g h o w m u c h o f th e d e p o sit s o f t h e
s to c k s a v i n g s b a n k s i n th e t o t a ls a b o v e w e re a c t u a l s a v in g s d e p o sits,
¿ u t t a k in g t h e fo u r m u t u a l s a v i n g s b a n k s i n th e State, s a v i n g s d e p o sits
d u r in g t h e la s t d ecad e h a v e m o r e t h a n d ou b le d , a n d i n O ctob e r, 1 8 9 0 »
a m o u n t e d to a b o u t 2 2 m illio n d o lla rs,
net ao H
Cd
„
,.j|
1890.
1885.
1881.
* 1 875.
Savings Banks.
(Oct.)
(Oct.)
(A pril 4.)
N o. o f b a n k s ......
4
4
4
N o. o f d e p o sito rs.
t47,294
* 3 4 ,5 5 3
2 8 ,5 8 7
................
A m t . o f d e p o sit s ..$ 2 1 ,9 1 5 ,1 9 1 $ 1 2 ,8 2 3 ,3 7 4 $ 1 0 ,9 0 2 ,0 5 2
...............
S u r p l u s * p ro fits.
4 4 4 ,1 5 0
2 0 0 ,4 6 2
6 9 2 ,1 1 5
................
A v . e a c h d e p o sit.
*4 4 0
371
381
...............
* E s tim a t e d .
t T h is is n u m b e r a s r e p o r t e d b y C o m p tr o lle r f o r y e a r
p re c e d in g .
.
j
_ O f t h e a b o v e $ 2 1 ,9 1 5 ,1 9 1 d e p o sits f o r O ctob e r, 1 8 9 0 , t h e s u m o f
$ 2 0 ,2 3 2 ,3 5 4 w a s h e ld b y o n e in s t it u t io n , n a m e ly , th e S o c ie t y f o r S a v ­
in g s i n t h e c it y o f C le v e la n d .

1the construction o f railroads n or indeed to proh ibit any species o f
“ pu blic improvements. T h e se c tio n c o n t a in s n o d ire c t re fe re n ce to
“ r a ilr o a d s n o r to a n y o th e r sp e c ia l cla sse s o f im p ro v e m e n ts o r enter“ p rise s. T h e in h ib it io n s a re d ire c te d o n ly a g a in s t a p a r t ic u la r m a n n e r
“ o r m e a n s b y w h ic h u n d e r th e C o n s t it u t io n o f 1 8 0 2 m a n y p u b lic im ;.f p io v e m e n t s h a d b ee n a c c o m p lish e d .”
I n c o m p lia n c e w it h se c tio n 6, a rtic le 1 3 (cited above), w h ic h p ro v id e s
f o r the o r g a n iz a t io n o f c itie s etc. b y g e n e ra l law , th e L e g is la t u r e h a s
m a d e a n ela b o ra te c la ss ific a t io n o f m u n ic ip a l c o rp o ra tio n s. E i r s t th e y
a re d iv id e d in to cities, v illa g e s a n d h am le ts. T h e n citie s a re d iv id e d
in t o t w o classes, th e firs t o la ss b e in g s u b d iv id e d in to th re e g ra d e s a n d
th e s e c o n d c la s s b e in g s u b d iv id e d in to f o u r grad e s, t h e g ra d e b e in g
d e te rm in e d b y p o p u la t io n a c c o r d in g to th e la s t F e d e ra l C e n su s.
C it ie s in th e F irst C lass—F i r s t g ra d e m o l id e s a ll citie s o f m o re t h a n
2 0 0 .0 0 0 in h a b it a n t s ; se c o n d g ra d e a ll .'ess t h in 2 0 0 ,0 0 0 a n d m o r e t h a n
9 0 .0 0 0 in h a b it a n t s ; t h ir d g r a d e a ll le ss t h a n 9 0 ,0 0 0 a n d m o r e t h a n 31,5 0 0 in h a b it a n ts .

Oities in the S econd Class—First grade includes all cities of less than
3 1 .5 0 0
3 0 .5 0 0
2 0 .0 0 0
1 0 .0 0 0

a n d m o re t h a n 3 0 ,5 0 0 i n h a b it a n t s ; se c o n d g r a d e a ll le ss t h a n
a n d m o r e t h a n 2 0 ,0 0 0 i n h a b it a n t s ; t h ir d g r a d e a ll le ss t h a n
a n d m o r e t h a n 1 0 ,0 0 0 in h a b it a n t s ; f o u r t h g r a d e a ll le ss t h a n
a n d m o re t h a n 5 ,0 0 0 in h a b ita n ts .
T illages— O f th e first c la ss in c lu d e a ll h a v i n g le ss t h a n 5 ,0 0 0 a n d
m o re t h a n 3 ,0 0 0 in h a b it a n t s ; th e s e c o n d c la s s in c lu d e s a ll h a v i n g le ss
t h a n 3 ,0 0 0 a n d m o re t h a n 2 0 0 in h a b ita n ts .
H amlets— A c c o r d in g to se c tio n 1550 o f th e R e v is e d S ta tu te s a ll e x ­
i s t i n g c o rp o ra t io n s o r g a n iz e d a s “ in c o rp o r a t e d v illa g e s f o r s p e c ia l
“ p u r p o s e s s h a ll be h a m le t s u n t il a d v a n c e d to v illa g e s . ”
I t is im p o s s ib le to m a k e a n y s a t is fa c t o ry g e n e ra liz a t io n w it h r e g a r d
to th e b o n d in g p o w e r th e L e g is la t u r e h a s g r a n t e d th e se m u n ic ip a lit ie s .
T h e re a re a fe w se c tio n s o f th e R e v is e d S ta t u t e s a u t h o r iz in g b o n d
is s u e s w h ic h h a v e a u n iv e r s a l a p p lic a tio n , s u c h a s t h e p r o v is io n
g r a n t in g p o w e r to is s u e b o n d s i n a n t ic ip a t io n o f s p e c ia l a sse ssm e n ts,
b u t m o s t o f t h e la w s f o r t h a t p u r p o s e c o v e r o n ly o n e c la s s o f cities, a n d
m a n y o f th e m a re so w o rd e d a s to a p p ly o n ly to o n e city, a n d g r a n t in g
a n is s u e o f b o n d s f o r a sp e cific p u rp o se . N o g e n e ra l la w s li m it in g the
p o w e r s o f m u n ic ip a lit ie s to in c u r in d e b te d n e ss h a v e b e e n p a sse d, a l­
t h o u g h se c t io n 6, a r tic le 13, a p p e a r s to r e q u ir e it. A n d y e t is it n o t a
q u e st io n w h e t h e r t h a t s e c tio n c a lls f o r a n y le g is la t io n o f a g e n e ra l
n a t u r e e x c e p t a g e n e ra l la w “ f o r th e organization o f Cities, & c.” ?
POPULATION OF STATE O h io m a y b e c a lle d th e p io n e e r S ta t e
o f th e W e st, b e in g t h e fir s t W e s t e r n S ta t e t o b e a d m itte d to th e U n io n .
T h is e v e n t h a p p e n e d a t th e b e g in n in g o f th e c e n t u r y — i n 1 8 0 2 — a n d h e r
g r o w t h i n p o p u la t io n s in c e t h e n h a s b ee n m a rv e lo u s . I n 1 8 0 0 (the
fir s t c e n s u s w h ic h g a v e a re c o rd o f h e r p o p u la t io n ) t h e n u m b e r o f p e r ­
s o n s w i t h in t h e S ta t e w a s re p o r t e d a s o n ly 4 5 ,3 6 5 . A t t h a t t im e sh e
sto o d n e a r ly a t th e fo o t o f th e li s t o f S ta t e s a n d T e r rito rie s, r a n k i n g 18.
I n 1 8 3 0 , h o w e v e r, sh e h a d n e a r ly a p p ro a c h e d th e m illio n m a rk , h a v i n g
9 3 7 ,9 0 3 p e rs o n s . I n 1 8 6 0 w e fin d sh e h a d g o t a b o v e 2 L j m illio n , a n d
f o r 1 8 9 0 h e p o p u la t io n is r e p o r t e d a s 3 ,6 7 2 ,3 1 6 . A t t h is fig u re sh e is
s u r p a s s e d b y o n ly o n e W e s t e r n State, n a m e ly Il lin o i s , a n d t w o E a s t e r n
•States, N e w Y o r k a n d P e n n s y l v a n ia ; i n o t h e r w o rd s , sh e r a n k s f o u r t h
i n p o p u la t io n n o w .




,—1

C it ie s , C o u n t ie s

and

T

ow ns

STATE OP OHIO.
A K R O N . — S. D. S e w a r d , Mayor.
A k r o n , the c a p ita l o f S u m m it C o u n t y , c a r r ie s o n a n a c t iv e g r a in t r a d e
a n d c o n t a in s e x t e n s iv e m a n u fa c to rie s o f f a r m in g im p le m e n ts, ir o n
c a s t in g s, m a c h in e r y , s to n e w a re a n d cu tle ry.

LO ANS-

E xtended B onds.

When Due.

LOANS—

Street B onds.
6s,
6s,
6s,
6s,
6s,
6s,
6s,
6s,

When Due.

A&O,
J& D ,
J& D ,
F& A,
A&O,
J& D,
J& D ,
M & S,

1 .0 0 0 .
...0 . t 2 0 ,1 8 9 1
58. J & J ,
$ 5 ,0 0 0 .... J u ly 1 3 ,1 8 9 1
5s, J & J ,
5 , 0 0 0 . . . . J u l y 13, 1 8 9 2
1 .1 5 0 ..
..D e c. 28, 1 8 9 1
3 0 0 ..
.. J u n e 1 6 , 1 8 9 2
F ire Construction.
3 0 0 ..
.. A u g . 11, 1 8 9 2
5s, M & N , 4 , 0 0 0 . . . . M a y 15, 1 8 9 2
1 . 0 0 0 . . . . 0 .t'. 2 0 , 1 8 9 2
5s, M & N ,
4 ,0 0 0 ... .M a y 1 5 ,1 8 9 3
1 .1 5 0 ..
..D ec. 28, 1 9 9 2
School B onds.
3 0 0 . . .. J u n e 16, 1 8 9 3
5 s , ....... 1 5 0 , 0 0 0 ............... 1 9 0 1
6 0 0 0 . . . . Sept. 2 8 , 1 8 9 1
Sewer B onds.
to 1894, 1 ,5 0 0 e a c h year.
6s, M & S ,
200
Sept. 1 5 , 1 8 9 1
2 . 0 0 0 . ... A u g . 1 , 1 8 9 1
6s, F & A ,
2 , 3 0 0 . . . .Feb. 20, 1 8 9 2 5s, F & A ,
1 .5 0 0 ..
.. A p r . 2 , 1 8 9 2
5s, M & S ,
5 , 0 0 0 . . . . Sept. 5 , 1 8 9 1 5s, A & O ,
1 . 0 0 0 . ... A u g . 1 , 1 8 9 2
5s, A & O ,
2 , 5 0 0 . . . . A p r . 3 , 1 8 9 2 5s, F & A ,
2 .0 0 0 .
... A u g . 1 , 1 8 9 3
5s, F & A ,
Street B onds.
8 . 0 0 0 . . . . A u g . 24, 1 8 9 1
6s, F & A , 1 1 , 0 0 0 . . . . A u g . 1 1 , 1 8 9 1 5s, F & A ,
to 1894, 2 ,0 0 0 y e a rly .
6s, A & O ,
8 0 0 . . . . O ct. 1 , 1 8 9 1
INTEREST—WHERE PAYABLE-—In t e r e s t is. p a y a b le a t th e office
o f th e C it y T r e a s u r e r in A k r o n a n d a t th e N a t io n a l P a r k B a n k in N e w
Y o rk .
TOTAL DEBT, ETC-— T h e to t a l fu n d e d d e b t o n M a r c h 15, 1 8 9 0 »
w a s $ 9 9 , 1 0 0 ; a m o u n t in t r e a s u r y f o r p a y m e n t o f b o n d s, $ 1 0 ,9 2 8 ; n e t
debt, $ 8 8 , 1 7 2 ; s c h o o l debt, $ 1 5 0 ,0 0 0 . T h e t o t a l d e b t in M a r c h , 1 8 8 9 ,
w a s $ 1 3 3 , 4 5 0 ; i n 1 8 8 0 it w a s $ 2 3 ,0 0 0 .

ASSESSED V A L U A T I O N - — T h e

c it y ’s a s se ss e d v a lu a t io n a n d t a x

ra te h a v e b e e n a s fo llo w s :

Years.

Real
Estate.

Personal
Property.

1 8 8 9 ............. $ 6 ,8 8 6 ,7 9 0
1 8 8 8 ............. 6 ,6 8 4 ,2 2 0
1 8 8 5 ................ 5 ,9 2 7 ,5 7 0
1 8 8 0 ................ 4 , 9 3 0 ,6 6 2

$ 4 , 0 0 2 ,2 6 0
3 ,7 8 3 ,3 9 8
3 ,3 6 5 ,5 6 3
2 ,5 4 3 ,1 3 0

. Total Assessed Rate o f Tax
Valuation, p e r $ 1 , 0 0 0
$ 1 0 , 8 8 9 ,0 5 0
1 2 -0 0
1 0 ,4 6 7 ,6 1 8
1 2 -0 0
9 ,2 9 3 ,1 3 3
1 2 -0 0
7 ,4 7 3 ,7 9 2
1 1 -8 0

POPULATION-—T h e p o p u la t io n in 1 8 9 0 w a s 2 7 , 6 0 1 ; in 1 8 8 0 it
w a s 1 6 ,5 1 2 ; i n 1 8 7 0 it w a s 10 ,0 0 6 .

A L L I A N C E . — J. M. S t i l l w e l l , Mayor.
T h is c it y is i n S t a r k c o u n ty .

LO AN S-

When Due.

F lo a t i n g d e b t 6 s $ 1 4 , 0 0 0 — 1 8 9 4
Im p r o v e m e n t s 6 s 6 2 , 9 0 0 — 1 8 9 4
S tre e t im p ro v . 6 s 6 9 , 0 0 0 ___ 1 8 9 6

T o t a l d e b t Sept., 1 8 9 0 . . $ 1 4 5 , 9 0 0
6 ,1 6 3
C a s h o n h a n d . .............
N e t d e b t ..................... $ 1 3 9 , 7 3 7
T a x v a lu a t i o n ............. 2 , 0 8 1 ,1 7 0
T a x ra te p e r $ 1 , 0 0 0 ___
27T0
P o p u la t io n ..............................

October, 1891.

8 5

A S H T A B U L A . — F. 0 . M oore, Mayor.
T h e v illa g e a n d s c h o o l d is t r ic t o f A s h t a b u la is i n A s h t a b u la C o u n ty .
$ 3 6 ,0 0 b
LOANS—
When Due. I S c h o o l D is. d e b t ___ ...
H a rb o r
6 s $ 6 ,0 0 0 .......... 1 8 9 2 I V a lu a t io n ( V illa g e ) ..... 1 ,9 6 2 ,4 3 0
2 9 8 ,3 8 7
Sew er
6 s 2 . 7 1 7 i..........1 8 9 1 f V a lu a t io n (S c h o o l D is.).
2 8 '8 0
S tr e e t
6 s 1 1 ,5 0 0 ..........1 8 9 5 I T a x ra te ( V i l l a g e ) .......
3 5 ’8 0
S c h o o l D is. 6 s 1 6 , 0 0 0 ....... .. 1 8 9 4 T a x ra te (S c h o o l D i s ) ...
P o p u la t io n (V ill.) 1 8 « 0 .
8 ,3 3 8
do
6 s 2 0 ,0 0 0 ..........1 9 0 0
V i lla g e d e b t Sept., ’9 0 .
$ 2 0 ,2 1 9

A V O N D A L E . — S. J. H ale , M ajor.
T h is v illa g e , s itu a te d i n H a m il t o n C o u n t y , is o n ly a b o u t th re e m ile s
f r o m th e c e n tre o f t h e c it y o f C in c in n a t i, a n d c o n t a in s m a n y fine
s u b u r b a n resid en ce s.
LOANS—
— Interest .— , .----------- P rincipal. -------P. Ot. Payable. When Due.
N A M E A N D PU R PO SE.
P.Ot. Payable. When Due. Outstand'g.
JJ & JJ Ja n .,.,1 8 9 5 5
$ 6 ,0 0 0
T o w n H a l l ............................ . 66
&
Ja n
189
S e w e r lo a n ......................... .. . 5
V a n ’u s
5
1 9 0 4 -1 9 1 5
5 4 .0 0 0
W a t e r lo a n ............................ . 5
J & J
Ja n ., 1 9 0 7
7 5 .0 0 0
P u r c h a s e o f t u r n p i k e ........... . 5
M & N
M ay, 1914
2 5 .0 0 0
S tre e t im p r o v e m e n t ....... ,___ . 5
M & N
M a y, 1915
1 0 .0 0 0
5M & 8
Sept., 1 9 1 4
S tre e t im p ., (ire a n d p o lic e ___
33,000
(A & O
Oct., 1 9 1 5
IN T E R E S T -W H E R E PAYABLE. — In t e r e s t is p a y a b le a t th e F o u r t h
N a t io n a l B a n k o f C in c in n a t i, O hio.
T O T A L DEBT, ETC.— T h e total funded debt (including water debt)

on March 14th, 1891, was $203,000; sinning fund assets, $5,000; nej.
debt, $198,000; water debt, $75,000.
ASSESSED VALUATION.—I n 1 8 9 0 t h e t o t a l a s se ss e d v a lu a t io n
w a s $ 3 ,3 6 3 ,5 8 0 ; t a x ra te (p e r $ 1 ,0 0 0 ), $ 2 4 -62.
a t “ a b o u t t w o -t h ird s it s a c t u a l v a lu e .”

R e a l e sta te is a sse sse d

POPULATION.—The population in 1890 was ........ ; in 1880,2,552.

B E L L A I R E . — S. S. M cG ow an , Mayor.
T h is c it y is i n B e lm o n t C o u n ty .

LOANS—

When Due.

City N otes—

6s, M & S , $ 1 6 ,7 6 5 ...... 1 to 3 ye ars.

Street P aving B onds—
6s, M & S , $ 6 6 , 1 0 0 ......1 8 9 1 to 1 9 0 0
( P a r t d u e ye a rly.)

W ater B onds—

6s, A & , 0 $ 2 5 , 0 0 0 ...... Oct. 1 , 1 8 9 3
(Sub je ct to c a ll a fte r t w o ye ars.)
5s, A & O , $ 5 0 , 0 0 0 ......Oct. 1, 1 9 0 0
5s, A & O , 5 0 ,0 0 0 ...... Oct. 1, 1 9 1 0
In t e r e s t is p a y a b le a t B e lla ire .

B E LM O N T

T o t a l d e b t A u g ., 1 8 9 1 . . $ 2 0 7 , 8 6 5
1 7 ,3 6 5
S i n k i n g fu n d a s s e ts ......
N e t d e b t ......................
1 9 0 ,5Q0
T a x v a lu a t io n (less t h a n
*2 a c t u a l).................. 3 ,2 6 9 ,1 2 6
C it y t a x (p e r $ 1 ,0 0 0 )cv.
$ 1 5 -4 0
A l l o th e r t a x e s ............
$ 3 -7 0
P o p u la t io n in 1 8 9 0 w a s ....... 9 ,9 3 4
P o p u la t io n i n 1 8 8 0 w a s ....... 8 ,0 2 5

C O U N T Y .-

, Treas.

LOANS—
When Due. I S in k in g f u n d ...............
$ 2 4 ,0 0 0
1 8 1 ,0 0 0
B r id g . s
6 s $ 3 0 , 0 0 0 ........1 8 9 7 N e t d e b t .....................
C o u r t H o u s e 6 s 1 7 5 , 0 0 0 ........1 9 0 2 V a lu a t io n in 1 8 9 0 ...... 2 4 ,6 9 4 ,2 8 7
T o t a l d e b t Sept.,’9 0 . . . .
$ 2 0 5 ,0 0 0 | P o p u la t io n i n 1 8 9 0 . . . .
5 7 ,4 1 3

G R E E N

-A. B. M urphy , Mayor.

B o w l i n g G re e n is i n W o o d C o u n ty .

LOANS-

G a s a n d stre e t

When Due.
)

oka

improvements.) os Toi.csou........

T o t a l d e b t Sept., 1 8 9 0 ..... $ 8 1 ,3 5 0
C a s h o n h a n d .................
1 ,4 6 0

N e t d e b t ......................... $ 7 9 , 8 9 0
T a x v a lu a t io n in 1 8 9 0 . . . 4 1 0 , 7 0 0
do
do
1 8 8 9 ... 3 6 4 ,8 8 0
T a x ra te p e r $ 1 , 0 0 0 .......
3 4 -0 0
P o p u la t io n ................................

B U C Y R U S . — 0 . S. W ard , Mayor.
T h is c it y is th e c o u n t y seat o f C r a w f o r d C o u n ty .

LOANS—

When Due.

Gas B onds—

6s, J & J , $ 4 , 0 0 0 ......... J u l y 2, 1 8 9 5

M achine Shop—

6s, M & S , $ 1 5 , 0 0 0 ...... Sept. 1 , 1 8 9 2

Subject to call before maturity.
Sew er B onds—
6s, M & S, $ 7 , 0 0 0 ....... Sept. 1 , 1 8 9 8

Street I mprovement B onds—
6s, J & D , $ 7 , 0 0 0 ......... D ec. 3 , 1 8 9 7
6s, J & J , 5 0 , 5 0 0 ......... J u l y 1 , 1 9 0 0
6s, M & S , 9 , 0 0 0 ...... .. . S e p t . l, 1 9 0 1

B U T L E R

T o t a l d eb t Sept., 1 8 9 1 . . . $ 9 2 , 5 0 0
T a x v a lu a tio n , 1 8 9 1 , a b t.3 ,0 0 0 ,0 0 0
T o t a l t a x ra te (p er $ 1 ,0 0 0 )
$ 2 4 -5 0
P o p u la t io n i n 1 8 9 0 w a s a b t 7 ,0 0 0
P o p u la t io n i n 1 8 8 0 w a s ..............
In t e r e s t o n S tre e t Im p r o v e m e n t
6s, d u e i n 1 8 9 7 a n d 1 9 0 0 is p a y a b le
i n N e w Y o r k ; in te re st o n S e w e r
B o n d s in C le v e la n d ; o n o th e r b o n d s
in B u c y r u s

C O U N TY.

Auditor.

C o u n t y s e a t i s H a m ilt o n .

LOANS—

B ridge B onds-

When Due.

58, J & J , $ 3 0 , 0 0 0 ..... J u l y 1 0 , 1 8 9 3
($ 1 0 ,0 0 0 d u e y ’r ly ) to J u l y 1 0 , 1 8 9 5
4 ig s , J & D , $ 1 7 ,0 0 0 .. J u n e 1 5 , 1 8 9 6

County D ebt F und58, M & N , $ 4 0 ,0 0 0 .... M a y

Court H ouse B onds—

1 ,1 8 9 3

5s, M & N , $ 2 5 ,0 0 0 ... N o v . 9 , 1 8 9 1
5s, M & N , 2 5 ,0 0 0 ...N o v . 9 , 1 8 9 2
5s, ....... 4 5 ,0 0 0 ...D e c . 1 , 1 8 9 8
($ 1 5 ,0 0 0 d u e y e a rly ) to D ec. 1 ,1 9 0 0

4s, M & N , $ 1 0 0 ,0 0 0 . . M a y 6, 1 9 0 1
($ 2 0 ,0 0 0 d u e y e a rly ) to M a y 6 , 1 9 0 5
4 ^ 8 , J & J , $ 2 0 ,0 0 0 . . . J u ly 10, 1 9 0 6
4 ^ 8 , J & J , 2 5 ,0 0 0 . . . J u ly 10, 1 9 0 7
T o t a l b o n d s J u ly , 18 9 1 .
$ 3 2 7 ,0 0 0
3 ,1 8 3
F lo a t i n g d e b t.............
T a x v a lu a t io n 1 8 9 0 ... $ 3 2 , 5 4 0 , 4 6 2
R e a l p r o p e r t y b e in g a sse sse d a t
a b o u t *2 a c t u a l v a lu e —
S ta te a n d c o u n t y t a x
p e r $ 1 , 0 0 0 ..............
$ 6 -9 5
P o p u la t io n in 1 8 9 0 Avas......4 8 ,5 9 7
P o p u la t io n i n 1 8 8 0 w a s ......4 2 ,5 7 9

C A N T O N . — J. F. B lake , Mayor.
T h is s t r ic t ly m a n u f a c t u r in g c it y is th e c o u n t y se a t o f S t a r k C o u n ty . I t s
p o p u la t io n is m a in ly G e rm a n o r o f G e r m a n descent.

LOANS-

When Due.

City H all , E tc., B onds—
5 ^ 8 , M & N , $ 1 7 ,0 0 0 .N o v . 9 1 ,’9 2 ,’9 3
5*28, M & S , 2 8 , 0 0 0 . - 1 8 9 2 to 1 8 9 6
(P a r t d u e eac h in t. d a y M a r c h
a n d Sep tem b er.)

Current E xpense B onds—
5s,

M & S , $ 2 5 , 0 0 0 ......M & S , 1 8 9 9

F ire D epartment B onds—
4 ^ 8 , F & A , $ 2 5 ,0 0 0 ...A ug. 1 ,1 8 9 9




I mprovement B onds, 5s, M & N ,

V ater W orks B onds—
6s, J & J , $ 3 0 , 0 0 0 ....... Ja n . 1 , 1 8 9 6
512s, M & N , $ 1 3 , 0 0 0 . N o v . '9 2 , ’9 4 ,’9 5
5s, M & S , $ 1 5 , 0 0 0 . . . . Sept. 1, 1 8 9 6
5s, M & S ,
5 , 0 0 0 . . . .Sept. 1, 1 8 9 7

F unding B onds—
5s, J & J . $ 4 0 , 0 0 0 . . J u l y 1 5 , 1 8 9 2
($ 4 ,0 0 0 d ue y ’r ly ) to J u l y 1 5 , 1 9 0 1

J udgment B onds—

5s,

M & N , $ 7 ,9 3 9 ..M a y 1 8 9 2 - ’9 3

Se w e r B onds-

58, J & J , $ 2 5 , 0 0 0 ......J u l y 1, 1 8 9 2
(P a r t d ue each ye a r) .1 8 9 3 ,’9 5 ,’9 6
5s, M & N , $ 2 5 ,0 0 0 .M a y 2 0 , 1 9 0 1 , ’0 2
5s, F & A , $ 2 5 ,0 0 0 .A u g . 2 0 , 1 9 0 2 , - ’3
5s, v a r.
3 6 ,7 0 0 . V a r. 1 8 9 1 ,’9 2 ,’9 3

1 8 , 0 0 0 . . . . N o v . 1, 1 8 9 7
5s, M & S , 1 5 , 0 0 0 ... .Sept. 1 , 1 8 9 8
5s, F & A , 1 5 , 0 0 0 . . . . Feb . 1 , 1 8 9 9
5s, F & A , 1 5 , 0 0 0 . . . . Feb . 1 , 1 9 0 0
5s, J & J ,
1 0 ,0 0 0 . . . . J u l y 1 4 , 1 9 0 0
5s, J & J ,
1 0 ,0 0 0 . . . . J u ly 1 4 , 1 9 0 1
5s, F & A , 3 0 , 0 0 0 . . . . A u g . 2 0 , 1 9 0 4
($ 1 0 ,0 0 0 d u e y ’r ly ) t o A u g . 2 0 , 1 9 0 5
5s, J & J , $ 1 5 , 0 0 0 . . . . J u l y 1 5 , 1 9 0 3
($ 5 ,0 0 0 d u e y ’r ly ) to J u l y 1 5 , 1 9 0 5

INTEREST—WHERE PAYABLE—In t e r e s t i s p a id p a r t ly a t the
C h a s e N a t io n a l B a n k , N e w Y o r k C ity , p a r t l y a t K o u n t z e B r o t h e rs , N e w
Y o r k , a n d p a r t l y a t C a n to n .
T O T A L DEBT, E t c — T o t a l d e b t M a r c h 18, 1 8 9 1 , w a s $ 6 0 8 ,0 0 0 .
T h e re is n o s in k in g fu n d , b u t th e c it y m a k e s a n n u a l le v ie s fo r in te re st
a n d in d e b te d n e ss.
ASSESSED VALUATION i n 1 8 9 0 w a s a b o u t $ 1 1 ,0 0 0 ,0 0 0 . “ E s t i
m a te d ” a c t u a l v a lu a tio n , $ 3 0 ,0 0 0 ,0 0 0 .
POPULATION i n 1 8 9 0 w a s a b o u t 2 7 , 0 0 0 ; in 1 8 8 0 w a s 1 2 , 2 5 8 ; in
1 8 7 0 w a s 8,660.

C L E V E L A N D . — W m . G. Rose, Mayor.
C le v e la n d , s itu a te d i n C u y a h o g a C o u n t y , is th e s e c o n d c it y in O h io
a n d t e n th in p o p u la t io n in th e U n it e d S ta te s. I t is o n L a k e E r ie , a n d
is c o n n e c te d w it h th e O h io R i v e r b y a c a n a l ; i t is a ls o th e c e n tre o f a n
im p o r t a n t r a i'r o a d sy ste m . T h e c o u n t r y a b o u t C le v e la n d is r ic h i n
co a l, ir o n ore, p e t r o le u m a n d lu m b e r. T h e n u m e r o u s a d v a n t a g e s o f
t h t c it y ’s lo c a t io n a c c o u n t f o r it s r a p id g r o w t h i n p o p u la t io n a n d p ro s *
p e r it y .

LOANS-

B ridge B onds—

When Due.

5s, A & O , $ 6 5 , 0 0 0 . . . . . . Oct.,
5s, A & O , 2 0 , 0 0 0 ....... Oct.,
.Oct.,
5s, A & O , 2 0 . 0 0 0
.O ct.,
4*28, A & O , 6 0 . 0 0 0
5 ,0 0 0 ....... A p r.,
4s, A & O ,
.M a r.,
4 s, M & S , 1 0 . 0 0 0
4 s, M & N , 3 0 , 0 0 0 ,...... M a y ,
.Oct.,
4 s, A & O , 6 0 .000
.Oct.,
4 s, A & O , 3 0 . 0 0 0
5.000.. ..Oct.,
4s, A & O ,
CJ Inal B onds—
7s, J & J , $ 1 5 0 ,0 0 0 .
8 8,000.
7s,
M& 8,
2 6,000.
7s, M & S ,
1 1 ,0 0 0 .
6s, M & N ,
.N o v .,

E levated R oad w a y -

C o u n t y se a t is St. C la ir s v ille .

B O W L IN G

Street

p a y a b le b y a s se ss m e n t o n p ro p e r t y
b en eiitted —
_
5s, se m i-a n , $ 2 9 2 , 0 0 0 _ V a r. 1 8 9 1
D u e a t v a r i o u s tim e s
to
i n v a r io u s a m o u n t s
1897

58,
5s,
4s,
4s,
4 s,
4s,
4 s,

1899
1900
1903
1899
1894
1900
1900
1900
1902
1903

1898

J & D , $ 1 5 0 , 0 0 0 . . . .Ju n e , 1 9 0 3
J & D , 2 3 2 , 0 0 0 . . . . Ju n e , 1 9 0 4
J& ,
1 7 5 , 0 0 0 . . . . J a n ., 1 9 0 1
M&N,
6 0 ,0 0 0 .... M a y , 1 901
A & O , 1 0 0 , 0 0 0 . . . . Oct., 1 9 0 2
J& J,
1 0 0 , 0 0 0 . . . . Ja n ., 1 9 0 3
J& D,
7 5 , 0 0 0 ___ J u n e , 1 9 0 3

F ire D epartment —

LOANS-

W h en

D Ue.

4 ig s , J & D , $ 1 7 5 , 0 0 0 . . . .J u n e , 1902.

School (City F arm ).

4*28, A & O , . $ 1 4 , 0 0 0 ......Oct.,

Sew er B onds—

7s,
5s,
5s,
5s,
5s,
5s,
5s,
5s,
5s,
5s,
5s,
4 % ,
4*23,
4 s,
4s,
4s,
4s,
4s,
4s,

1895-

M & S , $ 1 0 , 7 0 0 . . . . . . Sept., 1 8 9 2
A & O , 6 ,5 0 0 .........A p r., 1 8 9 2
A & O , 1 6 , 5 0 0 ......... Oct,, 1892.
A & O , 2 ,0 0 0 .........A p r., 1 8 9 3
A & O , 1 3 , 0 0 0 ......... Oct,, 1 8 9 3
A & O , 2 , 0 0 0 ........ A p r., 1 8 9 4
A & O , 6 2 , 0 0 0 ......... Oct., 1 8 9 4
A & O , 2 ,0 0 0 .........A p r., 1 8 9 5
A & O , 2 .0 0 0 ......... Oct., 1 8 9 5
A & O , 4 0 , 0 0 0 ......... Oct., 1 8 9 6
A & O , 4 5 , 0 0 0 .........Oct., 1 8 9 7
A & O , 1 0 , 0 0 0 .........Oct., 1 8 9 7
A & O , 2 9 , 0 0 0 .........Oct., 1 8 9 8
A & O , 1 4 , 0 0 0 .........Oct., 1 8 9 1
A & O , 2 ,0 0 0 ........ A p r., 1 8 9 2
A & O , 3 , 0 0 0 .........Oct., 1 8 9 2
A & O , 2 , 0 0 0 ........ A p r., 1 8 9 3
A & O , 3 , 0 0 0 .........Oct., 1 8 9 3
A & O , 9 0 , 0 0 0 .........A p r., 1 8 9 5

Street B onds—

5s, A & O , $ 2 , 5 0 0 ........ A p l. 1 8 9 2
5s, A & O , 1 4 5 ,0 0 0 ........ O ct. 1 8 9 2
F unded D ebt—
4s, A & O , 9 0 , 0 0 0 .......f a l lin g due,
$ 5 , 0 0 0 Oct. 1 8 9 2 , a n d e a ch A p l.
7 s, M & S , $ 2 3 0 , 0 0 0 . . . . Sept., 1 8 9 2
a n d Oct. th e re a fte r to Oct. 1900 ,.
■7s, F & A , 2 0 0 , 0 0 0 . . . . A u g ., 1 8 9 3
except A p r il 1894, w h e n $ 1 0 ,0 0 0
7s,
~
A & O , 2 0 0 , 0 0 0 . . . . A p r., 1 8 9 4
5s,
M & S , 2 7 6 . 0 0 0 . .. .Sept., 1 8 9 6 f a l l due.
5s, A & O ,
2 6 .0 0 0 .
... Oct., 1 8 9 7 V iaduct B onds—
5s, A & O , 2 6 5 . 0 0 0 . ... Oct., 1 8 9 9 7s, F & A , $ 8 1 , 0 0 0 ..... F eb ., 1893“
6 7 , 0 0 0 ..... D ec., 1 8 9 3
5s, A & O , 1 7 7 , 0 0 0 .............. 1 8 9 9 7s, J & D ,
6 5 , 0 0 0 ...... M a y ., 1 8 9 4
8 8 , 0 0 0 .............. 1 8 9 9 7s, M & N .
5s,
A&O,
2 0 5 . 0 0 0 ... Oct., 1 8 9 4
5s, A & O ,
7s, A & O ,
2 9 .0 0 0 .
...0 .t., 1 9 0 0
5s, A & O ,
6s, A & O , 3 0 0 . 0 0 0 ... Oct., 1 8 9 5
3 9 .0 0 0 .
... Oct., 1 9 0 1
5s, M & N , 1 0 0 , 0 0 0 . . . . N o v ., 1 9 0 1 6s, F & A , 5 0 0 . 0 0 0 ...A u g . , 1 8 9 6
1 2 5 . 0 0 0 ... J u n e , 1 8 9 7
4^8, A&O,
2 7 , 0 0 0 . . . . Oct., 1 8 9 5 6s, J & D ,
4 s, A & O ,
1 7 ,0 0 0 .. .Oct., 1 8 9 3 6s, M & N , 1 0 0 . 0 0 0 ...N o v ., 1 8 9 7
1 0 0 . 0 0 0 ...M a r., 1 8 9 8
4 s, M & S , 1 1 7 , 0 0 0 . . . . Sep t., 1 8 9 8 6s, M & S ,
4 s, A & O ,
4 6 , 0 0 0 . . . .A p r., 1 9 0 2 6s, J & D , 3 0 0 . 0 0 0 ... J u n e , 18981 7 0 . 0 0 0 ...N o v ., 1 8 9 8
6s, M & N
General F und4128, J & D , $ 9 0 , 0 0 0 .......D ec., 1 8 9 1 5s, J & D , 1 2 5 . 0 0 0 ... J u n e , 1 9 0 7
W ater W orks—
412s, J & D , 2 0 , 0 0 0 ...... J u n e , 1 8 9 5
M & N , $ 4 0 0 ,0 0 0 ..M a y , 1 8 9 2
4s,
A & O , 2 5 , 0 0 0 .......Oct., 1 8 9 5 7s,
M & N , 2 0 0 .0 0 0 .. M a y , 1 8 9 3
Monumental P ark —
7s,
7s, A & O , $ 3 0 , 0 0 0 .......Oct., 1 8 9 2 6s,
M& S,- 2 0 0 . 0 0 0 . .5 .p t., 1 8 9 5 M & S , 5 0 0 . 0 0 0 . . Sept., 1 8 9 7
School H ouse (B’ d Education ). 6 s,
M & S , 2 7 5 . 0 0 0 . . M a r., 1 9 0 0
6s,
M & S , $ 3 1 , 0 0 0 . . M a r . 30, 1 8 9 2 6s,
1 0 0 . 0 0 0 . .Ja n ., 1 9 0 3
4 *28, M & N , 8 0 , 0 0 0 . . M a y 24, 1 8 9 3 4s,
J& J.
4 *28, M & N , 8 5 , 0 0 0 . . M a y 24, 1 8 9 6 3 -6 5 s M & S , 1 0 0 . 0 0 0 . .Sept., 1 9 0 2
4 *28, J & D , 1 9 0 , 0 0 0 . . D e c . 15, 1 8 9 9
4^28, A & O , $ 7 5 , 0 0 0 .......Oct., 1 8 9 5

PAR VALUE OF BONDS-— T h e w a te r, fu n d e d debt, M o n u m e n t a l;
P a r k , c a n a l, e le v a te d r o a d w a y , b r id g e a n d g e n e ra l b o n d s a re f o r $ 1 , 0 0 0
each.
INTEREST—WHERE PAYABLE.—In t e r e s t is p a y a b le a t th e A m e r ­
ic a n E x c h a n g e N a t io n a l B a n k , N e w Y o r k C ity .
T O T A L DEBT, SINKING FUNDS, E t c .— T h e s u b jo in e d s ta te m e n t
s h o w s C le v e la n d ’s t o t a l m u n ic i p a l debt, t h e s i n k i n g f u n d h e ld b y t h e
c i t y a g a in s t th e sam e , th e w a t e r debt, a n d t h e c it y ’s flo a t in g debt, ont h e firs t o f J a n u a r y o f e a c h o f t h e la s t t w o y e a rs.
1891.
1890.
T o t a l fu n d e d d e b t ( in c lu d in g w a t e r d e b t )..
$ 8 , 2 1 4 ,7 6 0
$ 8 , 1 5 9 ,3 5 0 S i n k i n g f u n d s ..........................................;
2 ,0 2 8 ,8 9 5
1 ,9 5 5 ,4 9 4
N e t d e b t o n ...........................
$ 6 ,1 8 5 ,8 6 5
$ 6 ,2 0 3 ,8 5 0
W a t e r d e b t ................................................ $ 1 ,7 7 5 ,0 0 0
$ 1 , 7 7 5 ,0 0 0
F l o a t i n g d e b t .....................................
2 9 9 ,3 3 5
1 8 8 ,6 1 1
In t e r e s t o n g e n e ra l b o n d e d d e b t .............. |
4 4 5 ,2 3 7
4 5 1 ,5 7 2
A lm o s t a ll o f t h e stre e t im p r o v e m e n t b o n d s a re p a y a b le b y s p e c ia l
a sse ssm e n t.
T h e s in k in g f u n d s a re d iv id e d in t o th re e se p a ra te fu n d s , a s fo llo w s :
F und op 1 8 6 2 .— C o m p o s e d o f 2 ,0 0 0 s h a r e s c a p it a l s t o c k L. S. & M. S_
R a il w a y , p a r v a lu e $ 2 0 0 , 0 0 0 ; C le v e la n d C it y 6 p e r c e n t b o n d s, $ 6 3 7 ,
0 0 0 ; C le v e la n d C it y 5 p e r c e n t b o n d s, $ 1 1 0 , 0 0 0 ; C le v e la n d C it y 4 p e r
c e n t b o n d s, $ 2 5 ,0 0 0 , a n d C h ic a g o & A t c h i s o n B r id g e Co. 6 p e r c e n t
b o n d s, $ 9 4 ,0 0 0 .
V iaduct F und .—C o m p o s e d o f C le v e la n d C it y 6 p e r cent, $ 1 3 8 , 0 0 0 ;
C le v e la n d C it y 5 p e r cent, $ 1 1 7 ,5 0 0 ; C le v e la n d C it y 4 p e r c e n t , $ 7 5 ,0 0 0 ,
C in c in n a t i & In d ia n a R R . 7 p e r ce n t b o n d s, $ 2 5 , 0 0 0 ; V a lle y R R . 7 p e r
ce n t b o n d s, $ 3 3 1 ,0 0 0 , a n d 1 ,0 0 0 s h a r e s s t o c k K a la m a z o o A ll e g a n &G r a n d R a p id s R R . , p a r v a lu e $ 1 0 0 ,0 0 0 .
G eneral Fund . —C o n s is t in g o f a b o u t $ 2 3 , 0 0 0 cash .

Voi. LUI

$ 6
W ATER WORKS-—1 he city owns its water works, the income irom
T
■which for water rents in 1888 amounted to $438,607.
ASSESSED VALUATION, E t c — The city’s total funded debt, sink­
i n g fund assets, assessed valuation and tax rate for the last ten years
.have been as follow s:
•
Hears.

Total
Funded Debt.

1890.......... ......... $8,214,760
1889.......... ......... 8,159,350
1888.......... .......... 8,349,800
1887.......... ......... 8,232,270
18 8 6......... ......... 8,035,330
1885.......... ......... 7,629,250
1884.......... .......... 7,273,800
1883.......... ......... 6,880,300
1882.......... ......... 6,756,473
1881.......... .......... 7,099,116
1880.......... ......... 7,948,583

Sinking
Fund Assets.

$1,955,494
1,887,497
1,887,496
1,802,294
1.733,724
1,727,905
1,644,182
1,553,604
1,550,403
1,657,877
1,862,871

Assessed
Valuation.

$99,614,055
95,949,135
95,922,585
93,628,410
91,084,406
88,285.845
85,978,500
84,490,060
82,684,212
79,586,156
73,647,194

Tax Bate

per$f ,000
$29-30
27-90
28-30
28-30
24-80
26-00
25-50
27-80

T h e c it y ’s n e t d e b t f o r 1 8 9 1 i s re p r e s e n te d b y C in c in n a t i S o u t h e r n R a i l w ’y, p r o s p e c t iv e ly s e lf - s u p p o r t in g . $ 1 8 ,6 1 0 ,0 0 0
1 ,4 2 5 ,0 0 0
W a t e r w o r k s a c t u a lly s e lf - s u p p o r t in g ........... ....................
B a la n c e r e p re se n te d b y a ll o th e r p r o p e r t y ............... ......... 4 ,6 8 8 ,0 6 9
$ 2 4 ,7 2 3 ,0 6 9
T h e s in k in g f u n d h o ld s $ 1 ,5 7 1 ,4 3 1 o f th e s p e o ia l a s s e s s m e n t stre e t
b o n d s a n d $ 2 , 6 9 7 ,6 4 4 o f o t h e r c it y b o n d s. I n 1 8 9 1 w e re is su e d $ 2 7 5 , 0 0 0
C it y H a l l b o n d s a n d $ 2 0 0 , 0 0 0 w a te r b on d s.

CITY P R O P E R T Y - — T h e c it y o w n s t h e e n t ire s t o c k o f t h e C in c in
n a t i S o u t h e r n R a ilro a d .
T h e in te re st o n th e $ 1 8 ,6 1 0 ,0 0 0 C in c in n a t i S o u t h e r n b o n d s a m o u n t s
y e a r ly to $ 1 ,2 5 4 ,3 0 0 , a n d th e r e n t a l re c e iv e d f o r t h e r o a d is $ 9 0 0 , 0 0 0
t ill 1 8 9 1 , t h e n $ 1 ,0 0 0 ,0 0 0 t ill 1 8 9 6 , t h e n $ 1 , 1 0 0 ,0 0 0 t ill 1 9 0 1 , a n d t h e n
$ 1 ,2 5 0 ,0 0 0 t ill 1 9 0 6 , w h e n le a se e x p ire s.
ASSESSED VALUATION, E t c -— T h e c it y ’s n e t debt, a s se ss e d v a l u ­
P O P U L A T I O N . — I n 1 8 9 0 p o p u la t io n w a s 2 6 1 ,3 5 3 ; i n 1 8 8 0 i t w a s a t io n a n d t a x rate , f o r t h e p a s t t e n y e a r s h a s b e e n a s f o l l o w s ;
Years.
Net Debt.
Assessed Val’ n. Tax per $ 1 , 0 0 0
1 6 0 , 1 4 6 ; i n 1 8 7 0 it w a s 9 2 ,8 2 9 .
1 8 9 0 ........... ........ $ 2 4 ,7 2 3 ,0 6 8
$ 1 7 7 ,7 7 3 ,2 4 0
$ 2 6 -6 6
1 8 8 9 ........... ........ 2 4 ,9 1 3 ,6 8 9
1 7 4 ,8 3 7 ,2 4 0
2 6 -8 0
1 8 8 8 ........... ......... 2 4 ,8 6 2 ,1 3 1
1 7 4 ,8 3 7 ,2 4 0
2 6 -8 0
1 8 8 7 ........... ......... 2 5 ,0 7 2 ,0 0 4
1 7 4 ,5 3 7 ,8 4 7
2 7 -6 8
C L I F T O N .—
, Mayor.
1 8 8 6 ........... ......... 2 5 ,2 8 8 ,1 1 3
1 7 1 ,9 5 0 ,0 3 1
2 5 -4 4
1 8 8 5 ........... ......... 2 4 ,4 6 8 ,4 0 5
1 7 0 ,0 8 6 ,9 6 8
2 6 -8 6
'C lif t o n is i n G re e n e C o u n ty .
1 8 8 4 ........... ......... 2 3 ,7 1 2 ,8 5 0
1 6 9 ,5 3 4 ,1 9 2
2 5 -5 6
1 6 9 ,9 2 5 ,2 8 6
LOANS—
When Due. I T o t a l d e b t Sept., 1 8 9 0 . $ 2 0 0 ,6 8 1 1 8 8 3 ........... ......... 2 3 ,9 0 7 ,4 7 4
2 0 -5 0
1 6 6 ,9 8 6 ,1 0 5
S tre e ts , 5s,
$ 5 , 6 8 1 .......... 1 9 0 0 | T a x v a lu a t io n .............. $ 2 ,5 9 9 ,3 9 0 1 8 8 2 ........... ......... 2 3 ,9 4 0 ,3 0 8
2 3 -8 2
1 6 1 ,4 0 4 ,3 9 3
2 2 -2 0
V a r io u s , 4 ig s, 1 7 5 , 0 0 0 ......... 1 9 2 0 I T a x r a te (p er $ 1 ,0 0 0 )..
$ 2 3 -4 8 1 8 8 1 ........... ......... 2 4 ,1 7 5 ,7 9 2
1 6 7 ,5 3 5 ,3 5 6
3 1 -0 0
....1 8 8 0 ........... ......... 2 3 ,9 5 3 ,9 8 1
W ate r
5s,
2 0 , 0 0 0 ......... 1 9 0 6 | P o p u la t io n i n 1 8 9 0 ............
T h e n e t d e b t i n 1 8 7 5 w a s $ 1 7 ,3 2 5 ,5 0 0 ; i n 1 8 7 0 it w a s $ 4 , 8 8 3 ,0 0 0 ; i n
1 8 6 0 it w a s $ 3 ,7 8 2 ,0 0 0 , a n d i n 1 8 5 0 it w a s $ 1 ,8 4 0 ,0 0 0 .
POPULATION.— I n 1 8 9 0 p o p u la t io n w a s 2 9 6 ,9 0 8 ; i n 1 8 8 0 it w a s
C I N C I N N A T I — J ohn B. M osby, Mayor.
2 5 5 , 1 3 9 ; i n 1 8 7 0 it w a s 2 1 6 ,2 3 9 .
C in c in n a t i, situ a te d in H a m ilt o n C o u n ty , is t h e la r g e s t c it y i n O h io
•and n in t h i n the U n it e d S tate s. I t c a r r ie s o n a v e r y la r g e in t e r n a l
■ trade a n d it s r a ilr o a d a n d w a t e r c o n n e c tio n s r e n d e r it o n e o f t h e m o s t
C O L U M B U S . — P. H . B ruck , Mayor.
m p o r t a n t c o m m e r c ia l c itie s o f the C e n t r a l S tate s.
C o lu m b u s i s t h e c a p it a l o f th e S ta t e a n d is s itu a t e d i n F r a n k l i n
LOANS.— Interest .— ; ,------------- P rincipal. ------------, C o u n t y o n th e S c io to R iv e r . I t c o n t a in s m a n y h a n d s o m e b u ild in g s
n a m e A N D PU RPO SE.
P. Ot. Payable.
When Due.
Outstand’g.
- C in c in n a t i S o u th . R ’y, 1 872. 7
J & J J u l y 1, 1 9 0 2
$ * 5 0 1 , 5 0 0 b e lo n g in g to t h e S ta t e a n d o t h e r c o rp o ra t io n s , n o tic e a b le a m o n g w h io h
do
do
1 8 7 2 . 7-3 J & J J u l y 1, 1 9 0 2
8 ,0 7 1 ,0 0 0 a re a n u m b e r o f e d u c a t io n a l a n d e le e m o s y n a r y in s t it u t io n s . I t s m a n u ­
do
do
M & N M a y 1. 1 9 0 6
1 8 7 6 . 6g.
2 ,8 9 0 ,0 0 0 fa c tu r e s a re q u ite e x te n s iv e , th e c it y h a v i n g e x c e lle n t fa c ilitie s f o r
do
do
1 876. 7-3 M & N M a y 1, 1 9 0 6
1 ,9 3 5 ,0 0 0
do
do
M < N N o v . 1, 1 9 0 8
fc
8 3 9 ,0 0 0 c a r r y in g o n a n in la n d tra d e , th e re b e in g a b o u t a d o z e n r a ilr o a d s c o m ­
1878. 7
do
do
F & A A u g . 1, 1 9 0 9
9 2 0 , 0 0 0 in g in t o o n e u n io n depot.
1 879. 6
C i t y h a ll 10-20s, 1887.
4
J & D J u n e 1, 1 9 0 7
7 0 0 ,0 0 0
.----------- P rincipal, ----------- LO^N S.— Interest .— >
S u b je c t to c a ll J u n e 1, 1 8 9 7
When Due.
Outstand'g.
N A M E AMD PU JPD SE.
P. Gt. Pa/able.
do
do
1 8 8 8 ....... 4
I & D J u n e 1, 1 9 0 8
3 0 0 ,0 0 0
$ 3 0 ,0 0 0
C it y H a l l 1 8 7 8 ................. 6
M & S
M a r . 1, 1 8 9 3
S u b je ct to c a ll J u n e 1, 1 8 9 8
J u n e 1, 1 9 0 6
1 6 ,0 0 0
d o r e f u n d in g 1 8 8 6 .
4
J & D
do
do
............... 4
J & D J u n e L, 1 9 0 9
*1 5 0 ,0 0 0
M a r . 1, 1 9 0 9
1 2 5 .0 0 0
do
do
1889. 4
M & S
S u b je ct to c a ll J u n e 1, 1 8 9 9
N o v . 1, 1 9 0 8
3 5 .0 0 0
C it y P r is o n r e f u n d in g 1 8 8 8 4
M & N
C o n . sin k , f u n d 3 0 -5 0 s, 1 8 8 0 5
M & N
M a y 1, 1 9 3 0
1 .3 3 2 .0 0 0
100.000
D e f ic ie n c y — P o lic e 1 8 9 0 ... 5
M & N
S u b je ct to c a ll a fte r M a y 1, 1 9 1 0
J u l y 1, 1 9 0 8
4 2 .0 0 0
do
1 8 8 8 ... 4
J & J
do
do
1881 4
J & J J u l y 1, 1 9 3 1
1 .0 2 2 .0 0 0
120,000
F ir e D e p . a n d g a s 1 8 9 0 . . . 5
M & N
S u b je ct to c a ll a ft e r J u l y 1, 1 9 1 1
.......... 4
M & S
do
do
Sep t. 1, 1 9 0 8
4 3 .0 0 0
D e f ic ie n c y 1 0 -2 0 s, 1 8 8 5 ...... 4
M & N
M a y 1, 1 9 0 5
**4 7 3 ,0 0 0
M a y 1, 1 8 9 2
E n g in e H o u s e 1 8 8 7 .......... 4
M & N
1 5 .0 0 0
S u b je ct to c a ll a fte r M a y 1, 1 8 9 5
M a y 1, 1 9 0 5
1 3 0 .0 0 0
M & N
JS g g le st.A v e . s e w e r,L e tt e r B 3 77-3 A & 0 Oct. 1, 1 8 9 9
1 0 0 ,0 0 0 F o u r t h St. B r id g e 1 8 9 0 . . . 4
J u l y 1 ,1 8 9 9 , sub . ;
¡F ir e B o n d s , 1 8 8 8 ............... 4
J & D J u n e 1, 1 9 0 8
1 5 0 ,0 0 0 F r a n k l i n P a r k , 1 8 8 9 ......... 4
2 5 .0 0 0
J & jj
to c a ll J u l y 1, ’9 4 1
F u n d i n g , 1 8 7 4 ..................... 7 7
M & N M a y 15, 1 9 0 4
9 9 5 ,0 0 0
A p r . 1, 1 9 0 4
2 ,0 0 0
A & O
F u n d , a n d C a n a l, L et. A & A 2 6
M & N M a y 1, 1 8 9 7
*1 7 1 , 5 0 0 L e v e e 1 8 8 4 ..................... 4
1 qqq
A
T A, T>SJ u n e l >1 9 0 9 >Sub. >
F u n d i n g debt, L e t t e r L ....... 6
J & J Ja n . 1, 1 9 0 0
6 0 ,0 0 0
do
5 0 .0 0 0
1 8 8 9 ..................... 4
J & D L o c a l i J u l y 1, ’9 9 J
J & D J u n e 1, 1 9 0 1
C e n . l d e ficie n cy 1 0 - 2 0 s ....... 4
**4 9 9 , 5 0 0
1 0 .0 0 0
M & N
M a y 1, 1 8 9 2
M a r k e t H o u s e 1 8 8 7 ......... 4
S u b je ct to c a ll at a n y time.
2 4 ,0 0 0
v a r.
do
1 8 8 8 -’8 9 . . . 4
1908 and 1909
•G en’l im p r o v e m ’t s L e t t e r W 2
7 J & D D ec. 1, 1 8 9 1
6 0 0 ,0 0 0
A » 5 A u g . 1,’9 8 ,b u t su b ; 200.000
*
H o s p it a l, 1 8 6 7 , L e t t e r S ....
7 -3 J
& D lu n e 1, 1 8 9 7
5 0 0 .0 0 0 N o r t h H i g h St. im p . ’8 3 . . . 4
j) a
to oaii a n y tim e. ;
do
1 8 6 8 , -etter S 2 ...
7 -3 M & N N o v . 1, 1 8 9 8
2 5 0 .0 0 0
do
1876, L e tte r S 3 . . .
7 M & N
M a y 1, 1 9 0 6
5 0 .0 0 0
When Due.
When Due.
LOANSLOANS»^Liberty S tre e t v ia d u c t ........ 4
J & D J u n e 1, 1 9 3 9
*6 8 , 0 0 0
8 ewer B onds—
5s, M & N , 1 2 5 , 0 0 0 ...................
S u b je ct to c a ll J u n e 1, 1 9 1 9
3 0 , 0 0 0 . . . . J u ly 1, 1 9 0 1
6s, F & A , $ 2 5 ,0 0 0 . . .A u g . 1, 1 8 9 3 4s, J & J ,
-M e L e a n A v e . sew e r, L e t . U 2 5
M & N
M a y 1, 1 9 0 9
* 3 5 ,0 0 0 6s, J & D ,
1 0 0 , 0 0 0 ..... T uly 1, 1 9 0 2
2 0 ,0 0 0 . . J u n e 1 , 1 9 0 4 4s, J & J ,
5 0 , 0 0 0 . . . . J u l y 1, 1 9 0 3
1 7 .0 0 0 . . J u ly 1, 1 9 0 4 4s, J & J ,
6
1 0 5 .0 0 0 6s, J & J ,
do
do
do
M & N j ^ d ’i S L 9, \
4s, J & J ,
5 0 ,0 0 0 ....J u ly 1 ,1 9 1 8
4 0 .0 0 0
5s. M & N ,
• O rp h a n a s y lu m , re g ist e r e d .. 6
M & S M a r . 17, 1 9 0 8
100.000 5s, J & D ,
4s, M & N , 1 0 0 , 0 0 0 . . . . N o v . 1, 1 9 0 8
2 0 .0 0 0
..............
F a v e m e n t ........................... 4
.1 & D J u n e 1, 1 9 0 5 ) * 2 ,000,000 4 s, A & O ,
5 7 , 0 0 0 . . . .N o v . 1 , 1 9 0 9
5 , 5 0 0 . . . . Oct. 1 , 1 8 9 6 4s, M & N ,
S u b je ct to c a ll J u n e 1, 1 8 9 5
Street I mprovement B onds,
4s, M & S ,
1 9 , 0 0 0 . . . .Sept. 1, 1 8 9 7
do
. 4
J & D J u n e 1, 1 9 0 8
1 2 5 .0 0 0 4s, J & J , „ 4 , 5 0 0 . . . . J u l y 1, 1 9 0 1
p a y a b le b y a s se ss m e n t —
S u b je c t to c a ll J u n e 1 , 1 8 9 8
4s, M & N , 1 6 5 , 0 0 0 . . . . M a y 1, 1 9 0 3 6s, J & J $ 1 8 4 , 5 0 0 . . . .Ja n . 1, 1 8 9 5
do
. 4
J & D J u n e 1, 1 9 0 9
1 5 0 .0 0 0 4s, M & N ,
‘ _ J
2 9 , 0 0 0 . . . . M a y 1 , 1 9 0 4 6s, J &_ , 2 1 1 , 6 0 0 . . . . J u l y 1 , 1 8 9 5
S u b je c t to c a ll J u n e 1, 1 8 9 9
6 8 .0 0 0 .
... Ja n . 1, 1 8 9 6
4s, J & D , 1 1 8 , 0 0 0 . . . .D ec. 1, 1 9 0 5 6s, J & J ,
■ Sew e r & G ilb e r t A v ., E . & U . 7 *3 M & ft Se p t.1 5 , 1 8 9 9
3 0 0 .0 0 0 4s, J & D ,
3 6 0 . 6 0 0 . . . . J u ly 1, 1 8 9 6
2 5 , 0 0 0 . . . .J u n e 1, 1 9 0 6 6s, J & J ,
5 6 ,7 0 0 . ...J a n . 1 , 1 8 9 7
4s, F & A ,
4 5 , 0 0 0 . . . . A u g . 1, 1 9 0 6 6s, J & J ,
.S tre e t im p r o v e m e n t ........... 5
sem i-an . ^ ^ gg]° ^ Q *1^99 ^
7 0 8 ,3 5 7
6 8 3 . 6 0 0 . . .. J u l y 1, 1 8 9 7
4s, A & O ,
1 0 , 0 0 0 . . . . Oct. 1, 1 9 0 6
6s, J & J ,
~ T r u p k s e w e r ............... . ..... 4
J & D J u n e 1, 1 9 2 9
* 5 0 ,0 0 0 4s, J & J ,
8 6 . 1 0 0 . . .. J u l y 1 , 1 8 9 8
1 7 , 0 0 0 ..... T u ly 1, 1 9 0 7 6s, J & J ,
S u b je ct to c a ll a fte r J u n e 1, 1 9 0 9
1 8 , 5 0 0 ___ J a u . 1 , 1 8 9 9
4s, J & D ,
8 , 0 0 0 . . . .D ec. 1, 1 9 0 7 6s, J & J ,
U n i v e r s i t y , L e t t e r H 2 ........ 7
F & A A u g . 1, 1 8 9 7
7 6 .0 0 0 4s, F & A ,
1 3 8 . 9 0 0 . . .. J u l y 1 , 1 8 9 9
1 2 ,0 0 0 . ...F e b . 1, 1 9 0 8 6s, J & J ,
'W a t e r w o r k s , L e t t e r C D & E . . 6
A & O A p r.1 5 , 1 8 9 5
* 3 9 7 ,0 0 0 4s, J & D ,
1 9 . 0 0 0 . ... J a n . 1 , 1 9 0 0
5 , 0 0 0 . . . .J u n e 1 , 1 9 0 8 6s, J & J ,
do
L e t t e r D 1 ........ 7
F & A A u g . 2, 1 8 9 5
100.000 4s, J & J ,
2 7 . 3 0 0 . . .. J u l y 1 , 1 9 0 3
2 0 , 0 0 0 . . . . J u l y 1, 1 9 0 9 6s, J & J ,
do
L e t t e r C 5 ........ 7
F & A A u g . 1, 1 8 9 7
3 0 0 .0 0 0 4s, F & A ,
1 1 . 0 0 0 . ... J a n . 1 , 1 9 0 4
4 7 , 0 0 0 . . . . A u g . 1, 1 9 0 9 6s, J & J ,
do
L e t t e r F ......... 6
A & O Oct. 15, 1 9 0 0
100.000 4s, M & S ,
2 0 6 . 0 0 0 . ... J u l y 1 , 1 9 0 4
1 5 , 0 0 0 ... .Sept. 1, 1 9 0 9 6s, J & J ,
do
L e t t e r K ......... 6
J & D J u n e l5 , 1 9 0 0
7 5 .0 0 0 4s, M & N ,
43,000.... .N o v . 1 , 1 9 0 9 6s, J & J ,
do
............. 1 8 9 1 . 4
J & D J u n e 1, 1 9 1 1
* 200,000
A l l o f t h e stre e t im p ro v e m e n t
4s, A & O , 3 0 0 , 0 0 0 . . . . A p r . 1 , 1 9 1 0
S u b je ct to c a ll a fte r J u n e 1, 1 9 0 1
b o n d s a re su b je c t to c a ll o n e y e a r
Steam F ire D epartment W o r k h o u s e a n d in f ir m a r y . . . 4
J & J J u l y 1, 1 8 9 2
**6 0 , 0 0 0 58, M & N , $ 1 0 0 , 0 0 0 ..................
fr o m d a te o f issu e .
PAR VALUE OF B O N D S - — T h e b o n d s i n t h e a b o v e ta b le m a rk e d
■ thu s * are, i n w h o le o r i n p a rt, $ 5 0 0 p ie ces. B o n d s m a r k e d t h u s * * are,
4 n w h o le o r i n p a rt, $ 1 0 0 p ie ces, o r u n e v e n a m o u n ts.
A l l o t h e r is s u e s
a r e in $ 1 ,0 0 0 p ieces,
INTEREST—W H ERE P A Y A B L E — In t e r e s t o n th e w a t e r b o n d s o f
4 h e is s u e s le tte re d C, D , E , F a n d K , a n d o n th e r e f u n d in g a n d c a n a l
b o n d s le tt e rs A a n d A 2 is p a y a b le b y th e C it y T r e a s u r e r ; in t e r e s t o n
-.the stre e t im p r o v e m e n t b o n d s, f u n d i n g is s u e o f 1 8 7 4 , h o s p it a l le tte r
S 3 , o r p h a n a s y lu m 6s, w o r k h o u s e a n d in f ir m a r y 4s, a n d w a t e r b o n d s
D 1 is p a y a b le a t t h e B a n k o f A m e r ic a i n N e w Y o r k ; o n a ll o t h e r is s u e s
■ in te re st is p a y a b le a t t h e A m e r ic a n E x c h a n g e N a t io n a l B a n k o f N e w
Y o rk .
T O T A L DEBT, SINKING FUND, E t c -— T h e s u b jo in e d sta t e m e n t
« h o w s C in c in n a t i’s t o t a l m u n ic ip a l debt, th e s in k in g f u n d h e ld b y th e
- c it y a g a in s t th e sam e , a n d t h e w a t e r debt, on th e 1 s t o f J a n u a r y o f e a c h
-of t h e la s t t w o y e a rs.
1891.
1890.
T o t a l fu n d e d d e b t ( in c lu d in g w a t e r d e b t ). .$ 2 8 ,9 9 2 ,1 4 4
$ 2 9 ,1 4 2 ,8 5 1
B o n d s in s in k in g f u n d ................................
4 ,2 6 9 ,0 7 5
4 ,2 2 9 ,1 6 1
N e t d e b t ................................................$ 2 4 ,7 2 3 ,0 6 9
W a t e r d e b t .................................................
1 ,4 2 5 ,0 0 0
iS t re e t b o n d s, p a y a b le b y s p e o ia l a s s e s s ­
m e n t (n o t in c lu d e d a b o v e )........................
1 ,8 5 0 ,6 6 0




$ 2 4 ,9 1 3 ,6 9 0
1 ,5 2 5 ,0 0 0
2 ,1 2 0 ,2 4 5

W ater B onds—

6s, J & D , $ 2 2 4 ,0 0 0 . ...D e o . 1, 1 8 9 1
6s, J & D , 2 5 0 , 0 0 0 . . . . J u n e 1, 1 8 9 2
6s, J & J ,
$ 5 0 , 0 0 0 . . . . J u ly 1, 1 8 9 3

B oard of E ducation—School
H ouse B onds.

5s, $ 1 5 0 , 0 0 0 .................. .

1899

INTEREST—WHERE P A Y A B L E -— In t e r e s t o n a s s e s s m e n t b o n d s
is p a y a b le a t th e C it y T r e a s u r e r ’s o ffic e ; a ll o t h e r in te re st a t t h e N a ­
t io n a l P a r k B a n k , N e w Y o r k C ity .
T O T A L DEBT, SINKING FUNDS, ETC-—T h e s u b jo in e d s t a t e ­
m e n t s h o w s C o lu m b u s ’s t o t a l m u n ic ip a l debt, th e s in k in g f u n d h e ld b y
th e c it y a g a in s t t h e sam e , t h e w a t e r debt, a n d th e c it y ’s f lo a t in g d eb t,
o n M a r c h 3 1 o f e a c h o f th e la s t t w o y e a r s :
1891.
1890.
$ 4 ,6 4 6 ,6 1 4
T o t a l fu n d e d d e b t ( in c lu d in g w a t e r d e b t )......$ 5 , 4 7 2 ,5 8 8
S in k in g f u n d s ................................................
3 4 2 ,4 8 3
2 9 5 ,5 2 4
N e t d e b t ...................................................$ 5 ,1 3 0 ,1 0 5
$ 4 ,3 5 1 ,0 9 0
W a t e r d e b t ........................
1 , 0 3 6 ,0 0 0
9 2 2 ,0 0 0
F lo a t i n g d e b t.......................................
1 8 ,0 0 0
_______
T h e s in k in g fu n d re c e iv e s y e a r ly a b o u t $ 1 2 5 ,0 0 0 , w h ic h d o e s n o t i n ­
c lu d e a s se ss m e n t s fo r stre e t im p r o v e m e n t b o n d s. I n 1 8 9 1 $ 2 2 5 , 0 0 0
s tre e t im p r o v e m e n t b o n d s w e re issu ed .
W ATER WORKS- — T h e c it y o w n s it s w a t e r w o r k s , t h e in c o m e f r o m
w h ic h f o r th e y e a r e n d in g M a r c h 3 1 , 1 8 9 1 , w a s $ 1 1 3 ,3 2 7 , w h ile t h e
o p e r a t in g e x p e n s e s w e re $ 4 1 ,2 5 7 , t h e b a la n c e b e in g a p p lie d to t h e
p a y m e n t s o f in te re s t s o n t h e w a t e r debt.

87

October, 1891.
ASSESSED VALUATIONj E T C - — T h e c it y ’s n e t debt, a s s e s s e d v a l
u a t io n a n d t a x r a te fo r t h e y e a r s n a m e d h a s b ee n a s fo llo w s
Tears.
Net Debt.
A ssis'd Val. Taxp.$ 1 ,0 0 0
1 8 9 0 .......................................... $ 4 ,3 5 1 ,0 9 0
$ 4 3 ,6 6 3 ,2 7 0
2 4 -0 0
1 8 8 9 .......................................... 3 ,2 0 0 ,3 1 0
4 1 ,5 5 7 ,4 1 0
2 1 -4 0
............................... 2 ,2 2 2 ,2 1 0
4 0 , 1 7 0 ,4 6 0
.......
1 8 8 8 ..
1 8 8 7 .........................
1 ,7 8 8 ,5 1 8
3 8 ,6 0 2 ,1 7 0
2 1 -5 0
1 8 8 6 ..
. . . ............................. 1 ,8 6 1 ,4 0 0
3 8 ,8 7 0 ,6 8 0
2 0 -6 0
1 8 8 5 .......................................... 1 ,8 9 6 ,4 0 0
3 5 ,2 7 9 ,1 7 0
2 1 -4 0
POPULATION.— I n 1 8 9 0 p o p u la t io n w a s 8 8 , 1 5 0 ; i n 1 8 8 0 it w a s
5 1 ,6 4 7 ; i n 1 8 7 0 it w a s 3 1 ,2 7 4 .

D A R K E C O U N T Y .—
County seat is Greenville.
LOANS —
When Due.
6 s, $ 1 3 9 , 5 0 0 ......................... 1 8 9 5
D e b t cre a te d fo r b rid g e s, ro a d s, &c.
T o t a l d e b t Sep t, 1 8 9 0 , $ 1 3 9 ,5 0 0 .

, Treasurer.

I C a s h o n h a n d ...............
$ 4 8 ,0 0 0
| N e t d e b t .......................
9 1 ,5 0 0
I T a x v a lu a t io n ............. 2 3 ,2 7 3 ,2 7 0
4 2 ,9 6 1
| P o p u la t io n in 1 8 9 0 .....

D a y t o n , t h e c a p it a l o f M o n t g o m e r y C o u n t y , is a f l o u r is h in g c it y cele
b r a t e d f o r t h e v a r ie t y a n d e x te n t o f it s m a n u fa c tu re s. T h e a b u n d a n
w a t e r p o w e r w h ic h D a y t o n p o s se ss e s t h r o u g h t h e h y d r a u lic c a n a l, b y
w h ic h th e w a t e r o f th e M a d R i v e r is b r o u g h t t h r o u g h th e c ity, h a s b e e n
o n e o f th e c h ie f s o u rc e s o f it s p ro sp e rity . I t s m a n u fa c t u r e s i n 1 8 8 6
w e re e s tim a te d a t $ 1 7 ,0 0 0 ,0 0 0 .

LOANS—

B ridge B onds.

When Due.

5 s,
M & N , $ 1 5 ,0 0 0 .N ov.
4 1as, J & J ,
8 .0 0 0 .J a n .
to 1 8 9 5 , $ 2 ,0 0 0
4*28, J & J ,
3 ,0 0 0 ..Tan.
4 s,
M&N,
5 ,0 0 0 .M a y

Cxty H all

1 ,1 8 9 1
1 ,1 8 9 2
y e a rly .
1 ,1 8 9 6
1 ,1 8 9 2

4 s, M & S , $ 7 1 , 0 0 0 . Sept. 2 6 , 1 9 0 2
C i t y Prison.
5 s, M & N , $ 1 0 ,0 0 0 .N o v . 1 , 1 8 9 1
5 s,
J& J
2 ,0 0 0 . J a n . 1 , 1 8 9 2

E xtending I ndebtedness.
4*38, J & J
4*28, J & J ,
4*28, J & J ,

$ 4 ,0 0 0 . J u l y
5 ,0 0 0 . J u l y
5 ,0 0 0 . J u l y

1 ,1 8 9 1
1 ,1 8 9 2
1 ,1 8 9 3

F ire D epartment .
6s,
6 s,

M&N,
M&N,

$ 1 ,0 0 0 .M a y
1 ,0 0 0 .M a y

F unded D ebt .

1 ,1 8 9 2
1 ,1 8 9 3

6 s, A & O , $ 1 8 1 ,5 0 0 . A p r . 1 , 1 8 9 4
5 s, M & N ,
2 5 ,0 0 0 .N o v . 1 , 1 8 9 1
4^28, F & A ,
1 4 ,0 0 0 . A u g . 2 0 , 1 8 9 1
t o 1 8 9 7 , $ 2 ,0 0 0 y e a rly .
4*28, F & A ,
3 ,0 0 0 . A u g . 2 0 , 1 8 9 8
4 s, M & S ,
6 5 ,0 0 0 . Sep t. 2 6 , 1 9 0 2

L evee .

5 s,

M & N , $ 1 5 ,0 0 0 .N o v .

Se w e r .

1, F 8 9 1

LOANS-

Special A ssessment.
6s,
6s.
6s,

J& J,
F& A.
M&N,

When D ue

$ 7 , 0 0 0 . Ja n . 1 , 1 8 9 2
1 1 , 1 5 0 . Feb. 1 5 , 1 8 9 3
3 6 ,0 1 0 .N o v . 1 , 1 8 9 4

Street Paving .

4*28 F & A , $ 5 2 , 0 0 0 . A u g . 20, 1 8 9 1
to 1 8 9 4 , $ 6 ,0 0 0 y e a r l y ; 1 8 9 5 to
1 8 9 8 , $ / ,0 0 0 y e a rly .

W ater .
6s, F & A , $ 2 1 ,0 0 0 .A u g . 1 , 1 8 9 1
t o 1 8 9 4 , $ 3 ,0 0 0 y e a r l y ; A u g . 1,
1 8 9 5 , $ 9 ,0 0 0 .
6s, M & N ,
$ 9 ,0 0 0 .M a y 1 , 1 8 9 2
to 1 8 9 4 , $ 2 ,0 0 0 y e a rly , a n d 18- 5
$ 3,000.
4^2S, F & A , $ 4 7 , 0 0 0 . A u g . 2 0 , 1 8 9 1
t o 1 9 0 4 , $ 3 ,0 0 0 y e a rly , a n d 1 9 0 5
$ 5 ,0 0 0 .
4s, A & O , $ 5 0 , 0 0 0 . Oct. 1 , 1 8 9 2
to 1 9 0 1 , $ 3 ,0 0 0 y e a rly , a n d 1 9 0 2
to 1 9 0 6 , $ 4 ,0 0 0 .
4s, M & N , $ 5 0 5 ,0 0 0 .M a y 1 , 1 9 0 5

W olf Creek fmprovement.

4s,
4s,
to
to

M & N , $ 4 ,0 0 0 .M a y 1 ,1 8 9 2
M&N,
6 0 ,0 0 0 . M a y 1 , 1 8 9 3
1 8 9 7 , $ 5 ,0 0 0 y e a rly , a n d 1 8 9 8
1 9 0 2 , $ 7 ,0 0 0 y e a rly .

B oard of E ducation B onds—

4 s,
M & S , $ 7 5 , 0 0 0 . Sep t. 1 , 1 8 9 1 5s, J & J , $ 2 0 0 ,0 0 0 . . J u ly 1 , 1 8 9 3 to
to 1 8 9 5 , $ 6 ,0 0 0 y e a rly , a n d 1 8 9 6 ($ 2 5 ,0 0 0 d u e y e a rly ) J u l y 1 , 1 9 0 3
............. $ 6 0 ,0 0 0 ....
.......
to 1 9 0 0 , $ 9 ,0 0 0 y e a rly .
4 s,
A & O , $ 9 0 , 0 0 0 . Oct. 1 , 1 8 9 1
a n d 1 8 9 2 , $ 5 ,0 0 0 e a c h y e a r; 1 8 9 3
t o 1 9 0 0 , $ 7 ,0 0 0 y e a rly ; a n d 1 9 0 0
t o 1 9 0 3 , $ 8 ,0 0 0 y e a rly .
PAR VALUE OF BONDS-— T h e b o n d s a re i n p ie c e s o f $ 5 0 0
$ 1 ,0 0 0 , a n d m u lt ip le s o f th e sam e.

T O T A L DEBT, SINKING FUNDS, ETC-— T h e s u b jo in e d s ta t e m e n t
s h o w s D a y t o n ’s t o t a l m u n ic ip a l debt, th e a s se ss e d v a lu e o f p r o p e r t y in
t h e c it y a n d th e ra te le v ie d f o r c it y p u r p o s e s p r o p e r f o r t h e y e a r s
in d ic a te d .
Tears.
Total Debt.
Assessed Val.
Taxp. $1,000
1890................ .............$1,497,160
$30,723,730
$ .......
1889............... ............. 1,538,350
29,454,530
10-60
1888............................. 1,546,850
28,000,650
10-50
1887............................. 1,242,900
26,972,770
10-50
1886............................. 1.253,600
26,149,960
10-0»
25,473,980
9 00
1885............................. 1,160,500
1880................ ............. 1,099,000
11-30
19,816,640
1875............................. 1,011,200
19,939,970
9-50
1870..............................
357,617
16,254,760
11-00
The total school debt in 1890 was $260,000.
POPULATION-—lu 1890 population was 61,220; in 1880 it was
38,678 ; in 1870 it was 30,473.

-P. Gt. Payable.

C it y b o n d s . . . . . . . . . . . . ........

6

C i t y H a l l . . . . .....................
S tr e e ts im p . ( s p e c ia l).......

6

D e o. 1, j ^ ^ / o o o ^ y e a rly .^ \

is p a v a b le a t th e F o u r t h N a t io n a l B a n k , N e w Y o r k ; o n o t h e r b o n d s a t
th e D e la w a r e C o u n t y N a t io n a l B a n k , D e la w a re , O.
T O T A L DEBT, Etc -— The t o t a l fu n d e d d e b t o n M a r c h 2 5 , 1 8 9 1 r
w a s $ 5 3 , 0 0 0 ; sinking f u n d a s s e t s $ 1 , 2 9 9 ; n e t debt, $ 5 1 ,7 0 1 .
ASSESSED V A L U A T I O N - — I n 1 8 9 0 t h e a sse sse d v a lu a t io n o f r e a £
e sta te w a s $ 2 , 4 0 9 , 3 1 9 ; o f p e r s o n a l p r o p e r t y $ 1 ,5 9 0 , 2 9 0 ; t o t a l $ 3 , 9 9 9 ,6 0 9 . T a x ra te (p er $ 1 ,0 0 0 ) $ 2 2 -0 0 . R e a l e sta te i s a s s e s s e d a t
“ a b o u t t w o - t h ir d s it s a c t u a l v a lu e . ”
P O P U L A T I O N — T h e p o p u la t io n i n 1 8 9 0 w a s 8 , 2 2 4 ; i n 1 8 8 0 w a s 6 ,8 9 4 .

L I V E R P O O L .—

LOANS.—

B ridge B onds—

W hen Due.

LOANS—
When Due.
Sew er (pay. by spec, tax.)

B uilding B onds—
5 ^ 8 , M & S , $ 6 ,0 0 0 ... .M a r. 1 , 1 8 9 2
($ 1 ,0 0 0 d u e sem i-an.) to Sept. 1,’9 4

Cemetery » B onds—

5 s, J & D , $ 6 ,0 0 0 ....... J u n e 1 , 1 8 9 4
($ 1 ,0 0 0 d u e y e a rly ) to J u n e 1 , 1 8 9 9

City H all B onds—

6s, M & S , $ 8 ,0 0 0 ........ M a r . 1 , 1 8 9 2
($ 1 ,0 0 0 d u e sem i-an.) to Sept. 1,’9 5

F ire E ngine B onds—

6s, M & S , $ 3 , 0 0 0 ....... 1 8 9 2 to 1 8 9 4

R efunding B onds—
6s, A & O , $ 7 , 0 0 0 ....... 1 8 9 2 to 1 8 9 5
6s, M & S , $ 2 2 , 0 0 0 ......M a r . 1 , 1 8 9 8
to M a r . 1 , 1 9 0 3

D E L A W

Se w e r B onds—
Street I mprovement B onds—

5s, M & S , $ 1 0 ,0 0 0 ...S e p t. 15, 1 8 9 5
to M a r . 15, 1 9 0 0
T o t a l deb t Sept. 2 8 ,1 8 9 1 $ 1 3 5 , 8 3 0
S i n k i n g f u n d a s s e t s ......
6 ,5 0 0
A c t u a l v a lu a t io n a b o u t.$ 6 ,0 0 0 ,0 0 0
T a x v a lu a t io n in 1 8 9 0 . . $ 2 ,3 2 3 ,4 7 0
R e a l estate b e in g ......$ 1 ,2 8 8 ,4 9 0
P e r s o n a l p r o p e r t y ___ $ 1 ,0 3 4 ,9 8 0
C it y t a x (p e r $ 1 ,0 0 0 )...
$ 1 5 -0 0
A l l o th e r t a x e s ...........
■ $ 2 1 -2 0
T o t a l t a x r a t e ..............
$ 3 6 -20
P o p u la t io n in 1 8 9 0 a b o u t ___ 7 ,5 0 0
P o p u la t io n i n 1 8 8 0 w a s ....... 5 ,9 0 7
In t e r e s t is m o s t ly p a y a b le a t C it y
T r e a s u r y , b u t o n th e 6 p e r ce n t
b o n d s i n N e w Y o rk .

A R E . — H e n r y C u lver , Mayor.

T h e c it y o f D e la w a r e is th e c a p it a l o f t h e c o u n t y o f t h e sa m e n a m e
a n d i s t h e se a t o f W e s le y a n U n iv e r s it y . I t s d e b t is a s f o l l o w s :




Mayor.

6s, J

&

J $ 2 6 ,0 0 0 .. . J u ly 1 , 1 8 9 3

Street I mprovements*—

LOANS—

Street Im p . (Con.)*
6s, M &

S

When D u e ,

6 2 , 0 0 0 . . .Sept. 1, 1 9 2 0 -

W ater B onds*—

1 917*
5s, ....... $ 5 1 , 0 0 0 ...........
5s, J & J 9 0 ,0 0 0 ...J u l y 1 , 1 9 2 0
* A l l th e water bonds a n d $ 6 2 , 0 0 0 o f stre e t im p r o v e m e n t b o n d sd u e i n 1 9 2 0 a re su b je c t to c a ll t w e n t y y e a r s b e fo re d a te o f m a tu rity .
T O T A L DEBT, ETC-—T h e t o t a l fu n d e d d e b t o n M a y 1 , 1 8 9 1 , w a s$ 2 5 7 ,0 0 0 , in c lu d in g w a t e r d e b t o f $ 1 4 1 ,0 0 0 .
A S S E S S E D V A L U A T I O N - — I n 1 8 9 0 th e a s se ss e d v a lu a t io n o f r e a i
e sta te w a s $ 1 ,4 0 9 ,3 6 6 ; o f p e r s o n a l p ro p e r ty , $ 7 0 4 , 6 8 3 ; to ta l, $ 2 ,1 1 4 ,0 5 0 ; t a x ra te (p er $ 1 ,0 0 0 ), $ 2 4 -0 0 .
POPULATION-— T h e p o p u la t io n i n 1 8 9 0 w a s 1 0 , 9 5 6 ; in 1 8 8 0 it w a s 1
6s, M & S $ 2 0 , 0 0 0 . . . Sep t, 3 , 1 8 9 4
T T 2. XT tCQ AAA 'NTnv 1 1 8 0 »
V

5 ,5 6 8 .

F I N D L A Y . — T hom as M e e h a n , Mayor.
T h is is t h e c o u n t y se a t o f H a n c o c k C o u n t y , a n d is o n t h e L a k e E r i e Sc
L o u is v i lle R R . I t c o n t a in s m a n u fa c t o r ie s o f c a rria g e s, m a c h in e r y , etc .-

LOANS—

When Due.

Gas B onds-

78, . . . . . .
$ 8 , 0 0 0 ............. 1 8 9 1
6 5 , 0 0 0 ............. 1 8 9 1
7s, .......
to 1 9 0 3 $ 5 , 0 0 0 y e a rly .
6s, ....... $ 1 9 2 , 0 0 0 . . . 1 8 9 2 - 1 9 0 6
$ 1 5 , 0 0 0 y e a rly , e x c e p t in
1 8 9 5 , $ 5 ,0 0 0 ; i n 1 8 9 2 , ’03,
1 9 0 0 , ’01 a n d ’0 2 , $ 1 0 ,0 0 0 ,
a n d 1 9 0 6 , $ 7 ,0 0 0 .
$ 4 0 ,0 0 0 .1 8 9 1 -9 6 ,1 9 0 1
5s, .......
1 9 0 6 , $ 1 0 , 0 0 0 y e a rly .

Street I mprovement —

LOANS—

When Due.

i n 1 8 9 5 -9 7 ; $ 8 , 5 0 0 i n 1 8 9 8 -1 9 0 0 ,;
$ 3 , 0 0 0 in 1 9 0 1 - 0 2 ; $ 7 , 0 0 0 in
1 9 0 3 - 0 4 a n d $ 7 , 5 0 0 i n 1 9 05.

Street E xtension 68,

.......

$ 1 0 , 0 0 0 ..............1 9 1 4

W ater B onds—
6s, ....... $ 1 0 0 , 0 0 0 ......1 8 9 2 , ’97,1 9 0 2 a n d 1 9 0 8 $ 2 5 , 0 0 0 y e a rly .
$ 2 5 , 0 0 0 ..............1 9 0 7 '
5s, .......
1 5 0 , 0 0 0 ..............1 9 0 8 5s, .......
5s, .......
2 5 , 0 0 0 ..............1 9 1 9 ’
5s, A & O
2 5 , 0 0 0 . .Oct. 1, 1 9 2 1
5s, A & O
2 5 ,0 0 0 .. A p r . 1 , 1 9 2 »

5s, A & O $ 1 2 0 , 5 0 0 . Oct. 1, 1 8 9 1 1 9 0 5 ; $ 1 1 , 0 0 0 in 1 8 9 1 -9 4 ; $ 8 , 0 0 0
I N T E R E S T — W H E R E P A Y A B L E -— In t e r e s t is p a y a b le a t th e F o u r t h *
N a t io n a l B a n k , N e w Y o r k C it y .
T O T A L DEBT, ETC-—T h e t o t a l fu n d e d d e b t o n J a n u a r y 2 6 , 1 8 9 1 r
w a s $ 6 8 6 , 0 0 0 ; w a t e r debt, $ 3 3 5 ,0 0 0 .
C ITY P R O P E R T Y - — T h e c it y o w n s it s w a t e r w o r k s a n d g a s p la n t ASSESSED VALUATION-—I n 1 8 9 0 th e t o t a l a s se ss e d v a lu a t io n w a s $ 4 , 6 8 5 , 1 4 0 ; t a x ra te (p er £1,000), $ 3 7 -5 0 . I n 1 8 8 9 t o t a l a s se ss e d v a l ­
u a t io n w a s $ 4 ,6 1 1 , 0 8 7 ; i n 1 8 8 5 it w a s $ 1 ,6 8 2 ,7 5 7 .
POPULATION.— T h e p o p u la t io n i n 1 8 9 0 w a s 1 8 , 5 5 3 ; in 1 8 8 0 it w a s *
4 , 6 3 3 ; i n 1 8 7 0 it w a s $ 3 ,3 1 5 .

F O S T O R I A . — A l e x a n d e r B r o w n , Mayor.
T h is c it y is i n S e n e c a C o u n ty .

LOANS-

Cemetery B onds—

When Due.

6 s , ....... . $ 4 , 5 0 0 .........................

G eneral F und-

68, ....... , $12,000..........................

W ater W orks B onds—

5s, J & D , $ 6 ,0 0 0 .. v a r. 1 8 9 1 to 1 8 9 7

.

E a s t L iv e r p o o l, s itu a t e d i n C o lu m b ia n a C o u n ty , is c h ie fly n o t e d f o r it»n u m e r o u s p o tte rie s, w h ic h p ro d u c e la r g e q u a n t it ie s o f g r a n it e a n d y e l lo w w are.

R efunding B onds—

5 s, $ 2 5 , 0 0 0 .......................... 1 9 0 0
5s, $ 2 5 , 0 0 0 .......................... 1 9 1 0
P a y m e n t o f th e se b rid g e b o n d s is
t o b e contested.

3,0 0 0 -

INTEREST—WHERE P A Y A B L E - — In t e r e s t o n t h e C it y H a l l l o a n

6 s , ....... . $ 3 0 , 0 0 0 .........................
P a y m e n t o f the

$ 2 0 '° 0 0 '
3 0 ,0 0 0

6 s , ....... , $ 5 , 5 0 0 ...........................

T h is c it y is th e c o u n t y se a t o f D e fia n c e C o u n ty .
$ 5 0 , 0 0 0 b r id g e b o n d s w i ll be contested.

Outstand’g ,

M «

R ailroad B onds—

D E F I A N C E . — F. L. H a y * Mayor.

When Due.

6

E A ST

D A Y T O N — J am es E. D. W a r d , Mayor.

* Interest .— * ------------- P rincipal, ------------- —

LOANS—
N A M E A N D PU R PO SE-

5s, M & S . 1 0 0 , 0 0 0 .........
1919
S u b je ct to c a ll 1 9 0 5 .
T o t a l debt, A p r il, 1 8 9 1 ... $ 2 5 2 , 0 0 9
T a x v a lu a t io n 1 8 9 0 abt. 1 ,8 0 0 ,0 0 0 T a x ra te (per $ 1 ,0 0 0 ) —
$ 3 0 -0 9
P o p u la t io n i n 1 8 9 0 w a s a b t 7 , 5 0 0
P o p u la t io n i n 1 8 8 0 w a s a b t 3,5 6 9 In t e r e s t o n W a t e r 5 s d u e 1 9 1 0 i s
p a y a b le a t th e S h o e & L e a t h e r B a n k .
N e w Y o r k C ity.

5 s , ....... . $ 1 0 0 , 0 0 0 .......................

F R A N K L IN

C O U N T Y .—

, Treasurer.

C o u n t y se a t is C o lu m b u s .

LOANS-

B r id g e
6s
do
6s
6s
C o u r t h o u se
J a il
6s
U n f u n d e d d e b t ..

When Due.
$ 4 2 ,0 0 0 ...1 8 9 7
3 5 ,0 0 0 ... 1 8 9 8
2 7 0 ,0 0 0 ... 1 8 9 7
1 6 4 ,0 0 0 ... 1 8 9 4
1 1 , 1 8 4 ...........

Total debt Sept. 1890..

$522,184

C a s h o n h a n d ..............
7 2 ,6 3 t N e t d e b t.......................
4 4 9 ,5 4 7
T a x v a lu a t io n .............. 6 7 , 8 5 7 , 0 4 9

Population in 1890.......
Population in 1 8 8 0 .....

22,309
20,364*

F R E M O N T . — H e m a n B. S m it h , Mayor.
T h e c it y o f F r e m o n t, s itu a te d in S a n d u s k y C o u n t y , a t th e h e a d o f n a v i ­
g a t io n o n th e S a n d u s k y R iv e r , i s a b u s y m a n u f a c t u r in g ce ntre. It s *
c h ie f p r o d u c t s a re c a rria g e s, h a r v e s t e r s a n d s te a m e n g in e s.
LOANS—
------ Interest. -----, ------------ P rincipal. ------------ N A M E A N D PU RPO SE.
F. Gt. Payable.
When Due.*
Outstand'g.
Im p r o v e m e n t l o a n ........ 6
A & A A u g . 1, ’9 1 -’9 8
$ 1 5 ,3 0 9
do
d o ......... 5
F & A
A u g . 1, ’9 1 -’9 7
8 3 ,8 0 9
R e f u n d i n g ........... ............ 5
F & A
A u g . 1, ’9 1 -’9 2
5 ,5 0 9
S e w e r l o a n . . .................... 6
F & A
A u g . 1, ’9 1 -’9 4
3 ,0 0 9
W a t e r w o r k s ................... 5
F & A
A u g . 1, ’9 1 -’0 3
1 2 6 ,0 0 9

* These bonds fall due at an average rate of about $15,000 yearly,,
and are paid by the annual tax levy.

CITY

8 8

N TEREST—
? ia f > a
T O T A L D E B T , E T C — T h e t o t a l fu n d e d d e b t o n M a r c h 1 6 , 1 8 9 1 ,
■ was $ 2 2 3 ,6 0 0 , in c l u d in g w a t e r d e b t o f $ 1 2 6 ,0 0 0 . I n 1 8 8 9 t h e t o t a l d e b t
w a s $ 2 5 1 ,3 5 0 ; i n 1 8 8 0 it w a s $ 4 4 ,0 0 0 .
A S S E S S E D V A L U A T I O N - — I n 1 8 9 0 t h e t o t a l a s se ss e d v a lu a t io n
w a s $ 2 ,3 1 6 ,1 9 0 ; t a x r a te (p e r $ 1 ,0 0 0 ) w a s $ 2 7 *6 0 . I n 1 8 8 9 t o t a l a s se ss e d
v a lu a t io n w a s $ 2 ,2 9 1 ,3 8 0 ; t a x ra te $ 2 8 *7 0 .
P O P U L A T I O N - — T h e p o p u la t io n in 1 8 9 0 w a s -------- ; i n 1 8 8 0 it w a s
S , 4 4 6 ; i n 1 8 7 0 it w a s 5,455.

Vol. LUI.

t

L A W R E N C E

C O U N T Y.

Treasurer.

C o u n t y se a t is Ir o n t o n .

LOANS—

When Due.

B r id g e
C h ild r e n s ’ H o m e
Exp e nses
J a il
Road

6 s $ 1 8 ,0 0 0 .. 1 8 9 8
6s
1 ,0 0 0 . . 1 8 9 1
5 s 1 9 ,0 0 0 .. 1 8 9 5
5 s 3 0 ,0 0 0 ..1 8 9 8
7 s 6 8 ,0 0 0 .-1 8 9 0

T o t a l d e b t Sep t. 1 8 9 0 . .
C a s h o n h a n d ..............

N e t d e b t ................... $ 1 1 6 , 8 3 4
T a x v a lu a t i o n ............. 8 ,7 4 4 ,0 5 9
3 9 ,5 5 6
P o p u la t io n i n 1 8 9 0 ......

L I C K I N G C O U N T Y .—
G A L L I P O L I S . — J. M. A lexan d e r , Mayor.
T h is c it y i s i n G a llia C o u n ty . C e r t a in o f th e b o n d s a re d u e i n t w e n t y
y e a r s , b u t a re su b je c t to c a ll a fte r te n y e a rs.
In t e r e s t p a y a b le a t C it y T r e a s ’ry .
LOANS—
When Due.
T a x v a lu a t io n 1 8 9 1 ___ $ 3 ,5 0 0 ,0 0 0
Street and F ire B onds—
T ot. t a x ra te (p. $ 1 ,0 0 0 )
2 3 *8 0
2 : \ f & a ’ * i 4 4 ’O o ° . . } E S h 8 x P o p u la t io n in 1 8 9 0 a b o u t ___ 6 ,0 0 0
l
T o t a l d e b t Sept. 1 8 9 0 ... $ 1 4 0 ,9 1 0

G R E E N C O U N T Y .—

, Treasurer.

C o u n t y se a t is X e n ia .

LOANS—

B r id g e s
do
do
In s a n e h.
to 1 893
In s a n e h.
P ik e s ,
do

When Due.

5s, $ 1 2 ,0 0 0 ............. 1 8 9 1
5s,
1 1 ,0 0 0 ...........1 8 9 2
5s,
1 1 ,0 0 0 ...........1 8 9 3
5s,
9 , 0 0 0 ...........1 8 9 1
$ 3 ,0 0 0 ye a rly .
5s,
1 ,5 0 0 ........... 1 8 9 4
5s,
2 1 ,0 0 0 ........... 1 8 9 5
5s,
3 7 ,4 0 0 ............1 9 0 0

T o t a l d e b t Sept., 1 8 9 0 .. $ 1 0 2 , 9 0 0
C a s h o n h a n d ..... .........
1 ,6 4 2
N e t d e b t ......................
1 0 1 ,2 5 8
T a x v a lu a t i o n ............. 2 1 ,6 8 7 ,5 5 5
P o p u la t io n i n 1 8 9 0 ......
2 9 ,8 2 0

G R E E N V I L L E . — H alleck R upe, Mayor.
LOANS-—
When Due.
G as P lantOs, J & D , $ 1 3 0 , 0 0 0 .................1 9 0 5
T o t a l d e b t M a y , 1 8 9 1 .. $ 1 3 0 ,0 0 0
T a x val. re a l e s t a te
1 ,5 0 5 ,7 4 0

T a x v a l. p e r s o n a l....... $ 1 ,2 2 2 ,8 9 0
d o t o t a l.................. 2 , 7 2 8 ,6 3 0
T a x ra te p e r $ 1 , 0 0 0 ___
2 1 *2 0
P o p u la t io n i n 1 8 8 0 ......
3 ,5 3 5

H A M I L T O N . — J ohn D irk , Mayor.
T h is c ity i s i n B u t le r C o u n ty .

LOANS-

When Due.

■ Gas
5s, $ 5 0 , 0 0 0 . ........... 1 9 0 8
G as
5s, 1 0 0 , 0 0 0 ............. 1 9 1 8
■ Streets
6s, 1 7 ,2 0 0
1891
W ater
5s, 6 , 0 0 0 ..............1 8 9 2
do
5s, 1 0 0 , 0 0 0 ............. 1 9 0 2
•do
5s, 2 4 0 , 0 0 0 ........ . . . . 1 9 1 5

H A M IL T O N

T o t a l d e b t Sept. 1 8 9 0 . .
C a s h o n h a n d ..............

$ 5 1 3 ,2 0 0
1 2 ,0 0 0

N e t d e b t....................... $ 5 0 1 , 2 0 0
V a l u a t i o n ................... 6 ,6 7 2 ,2 7 7
T a x r a t e ......................
2 6 *7 0
P o p u la t io n i n 1 8 9 0 ......
1 7 ,5 6 5

C O U N T Y .—

, Treasurer.

C o u n t y se a t is C in c in n a t i.

LOANS-

When Due.

4 s & 5s, $ 1 ,6 7 4 ,5 0 0 , v a r io u s d ate s.
T o t a l d e b t Sep t.,1 8 9 0 . $ 1 ,6 7 4 ,5 0 0
G a s h o n h a n d .............
4 2 ,2 1 6

N e t d e b t .................... $ 1 ,6 3 2 ,2 8 4
V a l u a t io n .................. 2 2 2 ,3 5 2 ,0 3 0
P o p u la t io n i n 1 8 9 0 ___
3 7 4 ,5 7 3
P o p u la t io n i n 1 8 8 0 ___
3 1 3 ,3 7 4

$ 1 3 6 ,0 0 0
1 9 ,1 6 6

, Treas'r.

C o u n t y se a t i s N e w a r k .
LOANS —
When Due. I
B u i ld in g 6s, $ 1 9 7 , 0 0 0 ........... 1 9 0 7 | T o t a l d e b t Sep t. 1 , 1 8 9 0 . $ 1 9 7 , 0 0 0
T h e b o n d s w e re is su e d to b u ild a i T a x v a l u a t i o n .............2 9 ,2 4 2 ,4 6 7
c o u n t y j a il a n d c h ild r e n s ’ hom e.
| P o p u la t io n ..................
4 3 ,2 7 9

L I M A . — I ra R. L ongsworth, Mayor.
T h is c ity , t h e c a p it a l o f A l l e n C o u n t y , h a s m o r e t h a n d o u b le d i n
p o p u la t io n i n t h e p a s t t e n y e a rs. I t s p r in c ip a l in d u s t r ie s a re th e m a n u ­
fa c tu r e o f s te a m e n g in e s, f u r n it u r e a n d r a ilr o a d cars.
LOANS—
, Interest .— —
,------------ P rincipal, ----------- ,
N A M E A N D PU R PO SEP . Ot. Payable.
When Due.
Outstand'g.
M a c h in e s h o p b o n d s ......... 6
M & S
A p r il 1 ,1 9 0 0
$ 1 0 0 ,0 0 0
W a t e r w o r k s ....................
do
...................
do
....................

5
5
5

M & s f ^ lO . O O O y S f f l y ? }
M & S
M a rch 1 ,1 9 1 0
M & S
A p r il 1 ,1 9 1 6

4 0 ,0 0 0
1 6 0 ,0 0 0
1 3 8 ,0 0 0

I N T E R E S T - W H E R E P A Y A B L E .— In t e r e s t o n t h e w a t e r b o n d s is
p a y a b le a t t h e office o f W in s lo w , L a n ie r & Co., N . Y .; o n th e m a c h in e
s h o p b o n d s a t t h e F i r s t N a t io n a l B a n k o f L im a .
T O T A L D E B T , E t c -— T he t o t a l fu n d e d d e b t o n Sept. 1, 1 8 9 1 , w a s
$ 4 3 8 , 0 0 0 ; flo a t in g debt, $ 5 0 , 0 0 0 ; s in k in g f u n d a sse ts, $ 2 , 0 0 0 ; n e t
debt, $ 4 8 6 , 0 0 0 ; w a t e r d e b t (in c lu d e d in a b o v e to ta l), $ 3 3 8 ,0 0 0 . I n
1 8 8 0 t h e t o t a l d e b t w a s $ 4 ,5 0 0 .
A S S E S S E D V A L U A T I O N - — I n 1 8 9 0 th e a s se ss e d v a lu a t io n o f r e a l
e sta te w a s a b o u t $ 5 ,0 0 0 , 0 0 0 ; p e r s o n a l p ro p e rty , $ 2 ,0 0 0 ,0 0 0 ; tota l,
$ 7 ,0 0 0 ,0 0 0 . T a x r a te (p e r $ 1 ,0 0 0 ) $ 3 3 *4 0 , t h is in c lu d in g c ity t a x
p ro p e r, $ 1 4 * 1 0 ; S ta te t a x , $ 2 *7 0 ; c o u n t y t a x , $ 9 *3 0 ; s c h o o l ta x, $7*30.
P r o p e r t y i s a sse sse d a t a b o u t t w o - t h ird s a c t u a l v a lu e . I n 1 8 8 9 to ta l
a s se ss e d v a lu a t io n w a s $ 4 ,0 4 1 ,5 1 2 . T a x rate, $ 3 2 *6 0 .
P O P U L A T I O N - — T h e p o p u la t io n i n 1 8 9 0 w a s 1 5 ,9 7 8 ; i n 1 8 8 0 w a s
7 ,5 6 7 ; i n 1 8 7 0 w a s 4,500.

L O G A N

C O U N T Y .—

C o u n t y se a t is B e lle fo n ta in e .
LO AN SWhen Due.
C o u n t y f u n d 6 s $ 6 , 0 0 0 ...........1 8 9 3
T u r n p ik e s 5 -6 s 4 1 , 8 0 0 .......... 1 8 9 5
D ic c h e s
5 -6 s 6 1 , 6 1 6 ____— 1 8 9 5

L U C A S C O U N T Y .

, Treasurer.

T o t a l d e b t Sept., 1 8 9 0 .
$ 1 0 9 ,4 1 6
T a x v a lu a t i o n ........... 1 5 ,9 0 5 ,2 7 0
P o p u l a t i o n ...............
2 7 ,3 8 6

,

Treasurer.

C o u n t y se a t is T ole d o.

LOANS-

H E N R Y

C O U N T Y .—

, Treasurer.

• C ou nty se a t is N a p o le o n .

LOANS-

C o u rt H ouse
do
do
do
do
D it c h
Road

do

do

5s
5s
4s
6s
6s
5s
5s

When Due.
$ 3 5 ,0 0 0 ......1 8 9 3
3 0 ,0 0 0 ......1 9 0 4
1 0 0 ,0 0 0 ......1 9 0 5
8 ,0 0 0 ......1 8 9 2
3 ,0 0 0 ......1 8 9 2
5 ,5 0 0 ......1 8 9 7
2 0 ,0 0 0 ... ..1 9 0 1 .

Road
5s
1 0 , 0 0 0 ...... 1 9 0 3
do
5s
3 5 , 0 0 0 ...... 1 9 0 5
U n f u n d e d d e b t ...........
$ 2 7 ,6 5 7
T o t a l d e b t Sept., 1 8 9 0 . .
2 9 3 ,5 9 7
C a s h o n h a n d ..............
6 ,4 5 0
N e t d e b t ......................
2 8 7 ,1 4 7
V a lu a t io n .................... 6 ,2 6 0 ,9 6 2
P o p u la t io n ..................
2 5 ,0 8 0

B r id g e
do
C h ild ’s H o m e
do
D it c h e s
G e n e ra l
In f i r m a r y
Roads
do

When Due.
$ 5 5 ,0 0 0 .. .1 8 9 6
5s
4*28 2 6 ,0 0 0 ....1 8 9 7
7 5 ,0 0 0 .. .1 9 0 8
5s
4 1a s 1 5 ,0 0 0 .. .1 8 9 9
2 0 ,9 6 9 .. .1 8 9 3
5s
1 2 2 ,0 0 0 .. .1 8 9 6
5s
1 9 ,0 0 0 ....1 8 9 5
5s
3 6 ,0 0 0 ....1 8 9 7
6s
5s
1 2 ,0 0 0 ....1 8 9 1

R oads 5s
$ 3 , 5 0 0 ................ 1 8 9 3
do
5s
5 6 , 0 0 0 ............... 1 8 9 9
do
4 ^ 3 7 0 , 0 0 0 ................ 1 9 0 0
T o t a l d e b t Sept., 1 8 9 0 .
$ 5 1 0 ,4 6 9
C a s h o n h a n d .............
3 7 ,7 6 9
N e t d e b t .................
$ 4 7 2 ,7 0 0
T a x v a lu a t i o n ........... 4 2 ,3 0 8 ,6 4 0
1 0 2 ,2 9 6
P o p u la t io n .................

M A N S F I E L D . — J osiah N ewton , Mayor.
I R O N T O N . — J. M. Corns, Mayor.
Ir o n t o n is t h e c o u n t y se a t o f L a w r e n c e C o u n t y a n d is o n th e O h io
R i v e r 3 m ile s a b o v e P o r t s m o u th . I r o n o re is m in e d a n d m a n u fa c tu re d
• e x te n siv e ly here.
LOANS —
When Due. Water B onds.
Cemetery B ridge .
5s, J & J , $ 9 0 , 0 0 0 . .J a n . 1 , 1 9 0 6
Jis,
..........
$ 9 ,0 0 0
................ 4s, J & J ,
2 7 ,0 0 0 .. J u l y 1, 1 9 0 6
M emorial H all .
48, J & J ,
2 0 , 0 0 0 . . J u ly 1 , 1 9 0 7
5 s, A * 0 , $ 2 0 , 0 0 0 . . Oct. 1 , 1 9 1 0 4s, M & 3 ,
1 8 , 0 0 0 . . Sep t. 1 , 1 9 1 0
Sanitary B onds.
W h a r f B o n ds.
6 s, M & S ,
$ 1 , 5 0 0 . .Sept. 1 , 1 8 9 1 6s, J & J ,
$ 3 ,0 0 0 ..J u ly 1 1 ,1 8 9 3
6 s, M & S ,
1 , 5 0 0 ..M a r . 1 , 1 8 9 2 6s, J & J ,
8 ,0 0 0 .. .July 1 1 , 1 8 9 8
■ 6s, M & S ,
1 ,0 0 0 ..Sep t. 1 , 1 8 9 2
Street I mprovement .
Street I mprovement.
P a y a b le b y s p e c ia l a sse ssm e n t.
6 s, M & S , $ 3 0 ,0 0 0 ..8 e p t . 1 , 1 8 9 5 6s, .......
$ 9 ,8 2 8 ..
1891— 1895
6s, M & S
3 0 , 0 0 0 . . Sept. 1 , 1 8 9 5

INTEREST—WHERE PAYABLE—In t e r e s t is p a y a b le a t the T h ir d
N a t i o n a l B a n k , N e w Y o r k C ity .

T O T A L DEBT, E t c -— T h e t o t a l fu n d e d d e b t o n M a r c h 1st, 1 8 9 1 ,
•was $ 2 3 8 , 8 2 8 ; f lo a t in g debt, $ 4 ,1 4 8 ; t o t a l m u n ic ip a l debt, $ 2 4 2 ,9 7 6 .
A S S E S S E D V A L U A T I O N - — I n 1 8 9 0 t h e t o t a l a s se ss e d v a lu a t io i
w a s $ 3 ,5 5 4 ,6 9 9 ; t a x r a t e (p er $ 1 ,0 0 0 ) $ 2 9 *2 0 . R e a l e sta te is a sse sse d
a t a b o u t 6 0 p e r ce n t o f it s a c t u a l v a lu e . I n 1 8 8 9 t o t a l a sse sse d v a lu a ­
t i o n w a s $ 3 ,5 6 1 ,1 5 9 ; i n 1 8 8 5 it w a s $ 3 ,0 0 7 ,7 3 3 .
P O P U L A T I O N . — T h e p o p u la t io n i n 1 8 9 0 w a s 1 0 ,7 6 2 ; in 1 8 8 0 w a s
8 ,8 5 7 ; in 1 8 7 0 w a s 5,686.

J E F F E R S O N C O U N T Y . - A . C. B lackburn ,
Auditor.
C o u n t y seat is S te u b e n v ille .

„ LOANS—
When Due.
T urnpike B onds­
e s , J & D , $ 1 0 0 , 0 0 0 ................1 9 1 0




T a x v a lu a t io n i n 1 8 9 0 .$ 1 9 ,7 0 8 ,5 3 0
A v e r , t a x p e r $ 1 ,0 0 0 ..
1 5 *8 4
P o p u la t io n i n 1 8 9 0 w a s ..... 3 9 ,4 1 5

T h is c it y i s i n R ic h la n d C o u n ty .

LOANSMotive P ower -

When Due.

68, J & J , $ 7 ,0 0 0 ..J u n e 2 4 , 1 8 9 3 -’9 4

Sewer B onds-

68, ....... $ 1 2 , 1 5 0 . . . . 1 8 9 1 to 1 8 9 5

Street I mprovement B onds—

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

W ater B onds-

5s, J & J , 5 , 0 0 0 .......Ja n . 1 4 , 1 8 9 2
5s, J & J , 5 0 ,0 0 0 ..J u l y 1 , 1 8 9 5 - 1 9 0 4
T o t a l d e b t Sept., 1 8 9 1 .... $ 1 8 9 , 5 5 0
T a x v a lu a t io n 1 8 9 0 ...... 5 ,7 1 3 ,7 0 0
T o t a l t a x p e r $ 1 , 0 0 0 ......
$ 2 6 *0 0
T a x v a lu a t io n 1 8 8 9 ...... 5 ,5 3 8 ,4 6 0
P o p u la t io n ......................... 1 3 ,4 7 3

78, Oct., $ 3 , 0 0 0 . . . . Oct. 1 , 1 8 9 1 - ’9 2

M A R I E T T A .—

| Mayor.

M a r ie t t a , s itu a te d i n W a s h in g t o n C o u n t y , i s t h e o ld e st t o w n in th e
S ta t e o f O h io, h a v i n g b e e n fo u n d e d i n 1 7 8 8 b y e m ig r a n t s fr o m N e w
E n g la n d . T h e c it y c a r r ie s o n a n e x t e n s iv e t ra d e in p e tro le u m , w h ic h is
p ro c u r e d i n th e v ic in it y .
LOANS—
/ P r i n c i p a l .------------- P rincipal. ------------—
N A M E A N D PU RPO SEP. 01. Payable.
When Due. Outstand'g.
E le c t r ic L ig h t ..................... 5
M & S $ 2 , 0 0 0 y e a rly .
$ 1 4 ,0 0 0
M a r ie t t a & C in c in n a t i R R . .. 8
F & A
A u g . 1, 1 8 9 2
8 3 ,0 0 0
S tre e t im p r o v e m e n t ...........
W a t e r w o r k s .......................
V i lla g e o f H a r m a n ..............

4 *2 M & S | ^$ 5 oo^sem i-an 5 ^
4 *2 M & S
Sep t. 1, 1 9 0 9
S u b je ct to c a ll Sept. 1 , 1 8 9 9 .
6
J & J
$ 5 0 0 sem i-an .

1 2 ,5 0 0
9 0 ,0 0 0
7 ,5 0 0

INTEREST—WH ERE P A Y A B L E - — In t e r e s t is p a y a b le in M a rie tta .
T O T A L DEBT, E T C -— T h e t o t a l fu n d e d d e b t o n M a r c h 1 , 1 8 9 1 , w a s
$ 2 0 7 , 0 0 0 ; s in k in g f u n d a sse ts, $ 7 , 3 0 3 ; n e t debt, $ 1 9 9 , 6 9 7 ; w a t e r debt,
in c lu d e d in to ta l, $ 9 0 ,0 0 0 .
ASSESSED V A L U A T IO N -— I n 1 8 9 0 t h e a s se ss e d v a lu a t io n o f r e a l
e sta te w a s $ 1 ,9 9 0 ,2 1 0 ; o f p e r s o n a l p ro p e r ty , $ 1 ,0 0 0 ,2 8 3 ; total, $ 2 ,9 9 0 ,4 9 3 ; t a x r a te (p er $ 1 ,0 0 0 ), $ 2 6 *2 0 . R e a l e sta te is a s se ss e d a t “ a b o u t
o n e -t h ird it s a c t u a l v a lu e . ”
P O P U L A T I O N - — T h e p o p u la t io n in 1 8 9 0 w a s 8 , 2 7 3 ; in 1 8 8 0 it
w a s 5,444.

October, 1891.
m a r i ó n

89
.-

c o u n t y

Treasurer.

County seat is Marion.
_ LOANS—
W h en Due..
Total debt Sept., 1890.. $94,700
Court house 6 s, $48,650.........1895 Tax valuation 1 8 9 0 ___14,202,234
Ditches
6 s, 33,670.........1893
do
1889 ....14,219,093
Turnpike
6 s, 12,380.........1898 Population.....................
24 727
m e r c e r

.—

c o u n t y

County seat is Celina.
LOANSW h en D u e.
Bridges 6 s $90,000..................1895
Cyclone 6 s 8,000.................. 1896
Ditches 6 s 10,000.................. 1893
Pikes
6 s 290,000.................. 1896

P IK E

C O U N T Y .—

Treasurer.

Total debt Sept., 1890.. $398,000
Tax valuation in 1890. 8,126 510
5°
1889. 7,936,320
_ do. ,.
1880. 4,481,794
Population.....................
27,220

Net debt..........................
$79,623
Tax valuation 1890....... $5,391,767
„
do
1889...... $5,417,043
17,482
Population.....................

P I Q . U A . — E. M. W

Treasurer.

County seat is Waverly.
LOANS—
W h en D u e.
Turnpike 6 s............... $103,995
Total debt Sept., 1890,103,995
Cash on hand............ 24,372

, Mayor

il b e r

This city is in Miami County.
LOANS—
W h en D u e.

6s, M&S, $ 1 5 0 , 0 0 0 . . . . Sept.
s 8’
£ 5 ’2 0 0 - - - -J u l y
5s, M&S,
5 0 , 0 0 0 . .. .Sept.
5s, F & A ,
1 1 , 0 0 0 ___ A u g .

Improvement B onds—
1893, &c
6 s, J&J, $50,000........
6 s, M&N, 65,000.......May 1,1909
W ater W orks B onds—
6 s, J&J, $9,000..........1891 to 1899
($1,000 due yearly.)

1, 1 8 9 9
1 ,1 9 0 5
1, 1 9 0 9
1, 1 9 1 1

IN T E R E ST -W H E R E P A Y A B L E —Interest
payable
New
York.
T O T A L DEBT, E t c .— Total bonded debt Sept. 24,1891, $400,5 0 0 W h en Due. Total debt Sept., 1891..
$285,800 no floating debt.
Court H ouse­
Tax valuation, 1890 ..$24,772,550
r s , J&J, $280,000 ........
ASSESSED VALUATION.—In 1891, about $4,250,000; total State,
do
1889... 24,169,130
D itches , E tc.—
Population in 1890 w a s
39,754
6 s, J&J, $5,800........
1894 Population in 1880 was...... 36,158 city and county taxes per $1,000, $26-00. Property Is assessed at about
one-half actual value.
POPULATION.—In 1890 was 9,090; in 1880 was 6,031.

M IA M I

C O U N T Y . — B. E. F urnas , Treasurer.

County seat is Troy.
~ LOANS.

M I D D L E T O W N .—

, Mayor.

Middletown is in Butler County.
LOANS—
W h en D u e.
Building
6 s, $6,000... 1897
Sewer and street 5s, 14,000. 1904
Water
5s, 15,000... 1916
do
5s, 66,000.

P O M E R O Y . — A . B. D
Total debt Sept., 1890.... $101,000
^ ashonhiind...................
14,000
Net debt............................
87,000
Assessed value............... 3,769 915
Tax ra te...........................
22-20

V E R N O N . — C. E. M cM anus , Mayor.
This city is in Knox County.
LOANS
W h en D u e.
41as, 6 s, $9,000, June 1 , 1891 to
1899, $1,000 yearly.
Sewer, 6 s, $16,500, Nov. 1 , 1891
to 1895, $2,000 yearly and 1896
to 1900 $1,300 yearly.
Water, 6 s, $47,000....,Tan. 1,1892
do
6 s,
6,000___Mar. 1,1893

Pomeroy is in Meigs County.
W h en D u e.
LOANSRefunding 6 s,
$9,000.........1891
do
6 s,
8.000
.1892
do
6 s,
8.000
.1893
do
6 s,
6.000
.1895
do
6 s,
.1896
6.000
do
6 s,
7.000
.1897
do
6 s,
7.000
.1898
do
6 s,
24,000......... 1903

N A M E A N D PU RPO SE.

8
6
6
6
5
5

Y.'.'.Y.

Street I mp. B onds—

W h en D u e.

O utstand’g.

1894
1892
1891 & 1892
' 1891-’92-’95-’96’98 & 1900.
1893 & 1895
1891 to 1905

T O T A L DEBT, E t c - T h e t o t a l fu n d e d d e b t o n M a r c h 1 6 1 » q i
w a s $269,245¡ s in k in g f u n d a sse ts, $11,500; n e t debt, $257,745
f lo a t in g debt, $19,300.
’ 0’
w a s ^ O ^ n n i w L U A T I O N .- i n 1890 the total assessed valuation
was $6,042,100; tax rite (per $1,000), $25-60. In 1889 total assessed
valuation was $5,880,975; in 1885 it was $5,182 818
e S

1890 ™

“ 1'*” 011

Net d e b t.........................
$87,652
Tax valuation............... $1,475,480
29-00
Tax rate per $1,000___
Population.....................
5,824

14’ 270i

TOTAL DEBT,

5
7
5
4

J &D

W h en D u e.

O utstand'g.

June 1, 1896
$ 20,000
May 1, 1898
20,000
Aug. 1, 1897
15,000
Mayl,1901-’6&’1 6 >
M & N$50,000 each year 5 150,000
7
1891-2-3.
1 1 ,0 0 0
PAYABLE-—Interest is payable in PortsM & N
F & A

E t c -— T h e t o t a l m u n ic ip a l d e b t o n M a r c h 1 , 1 8 9 1

$7,500 (in c lu d in g w a t e r d e b t o f $ 1 5 0 , 0 0 0 a n d t e m p o r a r y lo a n s, $ 5 0 ,3 0 0 ), w a s
4,394 $ 2 5 5 ,3 0 0 ; s in k in g f u n d a sse ts, $ 6 , 4 6 5 ; n e t debt, $ 2 4 8 ,8 3 5 . I n 1 8 9 0
15,250 to t a l d e b t w a s $ 2 5 5 , 5 0 0 ; i n 1 8 8 0 it w a s $ 3 1 5 ,7 0 0 .
46.000
ASSESSED VALUATION-—In 1890 the total assessed valuation was
14,054 $4,630,114; tax rate (per $1,000), $29-20. In 1889 total assessed valu­
62.000 ation was $4,409,026.
POPULATION-—The population in 1890 was 12,394; in 1880 it was
44.000
30.000 11,321; in 1870 it was 10,592.

Church Street paving___ 5
1892 to 1902
General street improve’t 6
1891 to 1894
McCarty Street.........
6
1892
1 ,2 0 0
North 3d Street paving. 5
........
1892 to 1902
17.000
Sidewalk........................
r
1891
3,000
West Main Street paving 5
1892 to 1902
23.000
Union Iron Works bonds.. 6
1891
1,250
PAR VALUE OF BONDS-—The City Prison bonds and $18,000 of
■eacheiUnd ^ k °nds are for $500 each; all other bonds are for $1,000

»,60° ;

Refunding 5s,
$4,000.......... 1907
River Imp. 8 s, 2 0 .00 0 ......18 9 4
Total debt Sept., 1890..
$99,000
Cash on hand................
11,348

P . Gt. P a ya b le.

m.

P . Ot. P a ya b le.

N A M E A N D PU RPO SE-

City Prison bonds..............
General fund b on d s..........
Machine shop bonds..........
Refunding bonds................
do
do ................
Sewer bonds...............

Mayor.

Total debt,-Jan. 1,1891 $78,500
Tax value... ............... 2,500,000
Tax rate per $1,000....
12-50 P O R T S M O U T H . — G e o . A . W a l l e r , Mayor.
Population........................
,
Interest on water bonds is’ p a y ­
The city of Portsmouth, capital of Scioto County, is the southern ter­
able at Fourth Natl. Bank, New minus of the Ohio Canal. The valley in which it is situated is rich in
York; aU other interest at Citv
agricultural products and iron abounds in the vicinity.
Treasury.
In terest.—
LOAN S-------------- P r i n d p a l .-

City bonds...............
B e l l , J r ., Mayor.
Railroad improvement___
Sewer............................
Newark is the county seat of Licking County. Several divisions of
the Baltimore & Ohio Railroad connect at this place, where some of Water w orks....................
Board of Education loan..
their shops are also located. Manufactories of engines, boilers class
ware, etc., are located here.
INTEREST—WHERE
LOANS.— In terest .—
—----------- P rin c ip a l, ------------. mouth.

N E W A R K .— W

onneley,

P U T N A M

C O U N T Y .—

Treasurer.

County seat is Ottawa.

LOANS-

W h en D u e.

Bridges 6 s $9,000. Jan. 1, 1891
^ d r a in s ? 68 2,000.Jan. 1, 1891
do
5s 2 , 0 0 0 . A u í l , ’93-’96
do
5s 1.500. Aug. 1 1899
do
5s 4.500.
Aug. 1901
1,
do
5s 3.500.
Aug. 1902
1,
do
5s 3.500. Aug. 1, 1903
do
5s 1.500.
Aug. 1904
1,
do
5s 2.500.
Aug. 1905
1,

LOANS-

W h en D u e.

Drains
5s $8,500. Aug. l , ’91-’96
General 6 s 11,000. Jan. 1, 1891
Roads
5s 23,000. Aug. l , ’91-’96
do
5s 12,000.Aug. l , ’92-’97
do
58 l,500.Aug. 1, 1898
Road Imp. 5s
400.Aug. 1, 1900
Total debt Sept., 1890..
$86,400
Tax valuation 1890___ 8,162,353
do
1889..
8,031,874
Population.................
30,188

1880“ ™

R A V E N N A .—
P A U L D IN G

C O U N T Y .—

Treasurer.

County seat is Paulding.

_ .LOANS-

W h en D u e.

Bridge & jail 5s $10,000........ 1894
do
do 5s 16,000.........1898
Cou’ty bridge 6 s
500.........1891
do
5s 26,000.........1907
Court House 5 s 40.000
.. 1904
-Joint ditch 5s 64,500..1891-’97
Road & ditch 5s 10.000
..1893
p e r r y

c o u n t y

County seat is New Lexington

-

LOANS-

W h en D ue.

Road Imp.
5s 44.500 .1891-’97
Total debt Sept., 1890.. $211,500
Cash on hand.. . . . . . . . . .
25 878
Net debt................... $185,622
Tax valuation............... 3,718,691
Population.....................
25,932

,—

, Treasurer.

« o u S & iK .,,

I
Ä ° L hand................
$5,000
and jail
$ 6s $ 88 ,0 0 0 .... 1899 T W debit " U ..................
83,000
Tax valuation................
Total debt Sept., 1890.
$88,000 Population.......... ......... 10,177,403
31,151

P IC K A W A Y

C O U N T Y .—

.Treasurer.

Ravenna is situated in Portage County and is on the line o f the Cleve­
land & Pittsburg and Atlantic & Great western raftoads. Several
carriage and other manufactories are located here
LO ANS— In terest .—. _________ P r in c ip a l. _________ ,
N A M E A N D PU RPO SE.

Water works extension...

P .O t. P a ya b le.

j

&

W h en D u e.

O utstand’g.

1892 to ;
I ’95,$2,000 y’ arly £ $18,000.
do
M & S $ ^ ar- 15,1896 to )
„k
construction 5
® ° 1 1913,$4,000 yly J
75,000
IN T E R E S T -W H E R E PAYABLE—Interest on the $75,000 loan is
payable at the Chemical National Bank, New York.
T O T A L DEBT, Etc -—The total funded debt on January 1,1891,
was $85,000; water debt, $85,000.
ASSESSED VALUATION-—In 1890 the assessed valuation of real
estate was $ 1, 100 ,0 0 0 ; of personal property, $900,000; total, $ 2 ,000 ,000; tax rate (per $1,000), $21-60. Real estate is assessed at “ about
50 per cent of its actual value.” In 1889 total assessed valuation was
$1,743,151; in 1885 it was $1,543,730.
POPULATION-—The population in 1890 was ........ , in 1880 was
4,224; in 1870 was 3,423.
6

d $ :I™ d _
15,

County seat is Circleville.

S A L E M .— F

°t

°7

i stasaste*»

Toll Roads 6 s,

1 7 ;2 0 0 .:::Ì8 9 2 ! P op u la tion ....18. 9;; ; 20,026;959
8




r a n k M e r c e r , M ayor.
This city is in Columbiana County. The bonds below described were
authorized in 1891 for the construction of seven miles of railroad to
connect the city with the “ Erie ” Railroad system. The bonds are a
first lien on the property, which when built will be owned by the city
Salem has no other bonds outstanding.

Total debt 1 8 9 1 ...........
Tax valuation 1 8 9 0 —
2 ,2 E o ^ -a n
Tax rate per $ 1 , 0 0 0 —

When Due.
r ailroad F irst M ortgage —
6s, s e m i- a n n u a lly ........ ..$ 1 1 2 ,0 0 0
S u b je c t to c a ll a t a n y tim e.
In t e r e s t is p a y a b le i n N . Y . C ity .

ASSESSED VALUATION — I n 1 8 9 0 tli© t o t a l assessed, v a lu a t io n w a s
$ 1 6 , 5 3 0 , 5 5 7 ; t a x r a te (p e r $ 1 ,0 0 0 ), $ 2 0 *9 0 . I n 1 8 8 9 t o t a l a s s e s s e d
v a lu a t io n w a s $ 1 6 , 5 8 0 , 1 0 4 ; i n 1 8 8 5 it w a s $ 1 5 ,3 7 8 ,8 2 8 ; m 1 8 8 0 it w a s

P o p u la t io n i n 1 8 9 0 w a s ....... 5 ,7 o u
Population in 1 8 8 0 was.........

LOANS—

$ 9 ,6 8 2 ,7 5 9 .

_

.

„- - ^

POPULATION — T h e p o p u la t io n i n 1 8 9 0 w a s 3 1 , 8 9 5 ; m 1 8 8 0 it w a s

2 0 , 7 3 0 ; i n 1 8 7 0 it w a s 1 2 ,6 5 2 ..

S A N D U S K Y . - W . B. H . H u n t , Mayor.
S a n d u s k y i s s itu a t e d i n E r i e C o u n t y o n S a n d u s k y B a y . S t e a m b o a s
p l y b e tw e e n t h is a n d o t h e r p o r t s o n t h e G r e a t L a k e s . T h e
P
i nAN S—
When Due.
5 r J&D, $6,500....... June 1 5 ,1 8 9 2

D u e.

58, M & N , $ 1 0 ,0 0 0 , M a y 1 0 , 1 8 9 3 to
1 8 9 7 , $ 2 ,0 0 0 y e a rly .
5 s, J & J , $ 4 , 0 0 0 ......J a n . 23, 9 7 -’9 8

R enew al St . I mprovement-

58, A & O , $ 1 0 ,0 0 0 ,0 c t . 2, 1 8 9 2 to
1 8 9 6 , $ 2 ,0 0 0 y e a rly .

SEWER BONDS—

_ 1 fiQ,

^Auditor.

C O U N T Y ,

C o u n t y se a t i s C a n to n .

f r o m t h is p la c e a re e x te n s iv e .

LOANS—
W h en
M a r k e t H ouse B onds-

S T A R K

6 s, J & J , $ 2 , 5 0 0 ...... J u l y 1 8 , 1 8 9 1
6 s, J & J ,
2 , 5 0 0 ...... J u l y % 1 8 9 2
5s, M & N , 3 3 ,0 0 0 ...... M a y 1 , ’9 1 - 9 8
5s J& D ,
6 ,0 0 0 ...... J u n e 1 5 , 1 8 9 1
5 s F & A , 1 , 5 0 0 ...... A u g . 1 0 , 1 8 9 1
5 s, A & O , 1 ,0 0 0 ...... O ct. 1 0 , 1 8 9 1

5 s ’ M & S , 1 6 ,0 0 0 , Sept. 28 , 1 8 9 2 to
1 8 9 5 , $ 4 ,0 0 0 y e a rly .
5s, J & D , 1 0 ,5 0 0 . . -J u n e 1 5 , 1 8 9 3
5 s J & D , 2 7 ,0 0 0 , J u n e 1 5 , 1 8 9 4 to
5s, J & i a ,
$ 9 , 0 0 0 y e a rly .

u n e l 5 , 1897
5s, J & D , 4 ,0 0 0
5s, A & O , 6 , 0 0 0 ......A p r . 2 ,1 * 9 8
4*28, - 3 0 , 0 0 0 ............. . 1906
W ater B onds—
, , OM
7s, M&N,$100*,000. . M a y 1 ,1 8 9 1
5s, A & O ,
32,000, A p r . 2, 1894
t o 1901, $4,000 y e a rly .
4LiS, ..
85,000
1906

LOANS—

T o t a l debt, A p r., 1 8 9 1
S i n k i n g f u n d a s s e t s ......
lo .u u o
Tax
v a lu a tio n ,
1890,
nn
(a b ou t *2 a c t u a l)....... 4 1 ,1 9 7 ,6 6 0 '
S ta te a n d C o .t a x (p er $ 1 ,0 0 0 ) . $ 6 ’6 0
P o p u la t io n i n 1 8 9 0 w a s ......8 4 , 1 7 0
P o p u la t io n i n ¿ . 8 8 0 w a s ......6 4 ,0 3 1

When Due.

B ridge B onds68,
6s,
6s,
6s,
6s,

v a r., $ 1 3 , 1 0 0 . . ..1 8 9 2 -’9 3 -’9 6
A&O,
8 , 0 0 0 .A p r., 1 8 9 2 & ’9 5
A & O , 12 ,0 0 0 .O ct., 1 8 9 2 & ’9 4
F & A , 1 6 , 0 0 0 ..... A u g . 1 , 1 8 9 5
J & D , 1 5 , 0 0 0 ..... J u n e 1 , 1 8 9 6

County B onds—
5s, M & S ,

$ 2 5 , 0 0 0 ... M a r . 9 , 1 8 9 7

S T E U B E N V I L L E .—

, Mayor.

T h is c it y is i n Je ffe rso n C o u n t y .
i /~>a n Q
When Due. I T a x v a l u a t i o n ............ $ 5 , 3 6 1 , 2 0 0

I N T E R E S T - W H E R E P AY ABLE.-Interest on the water bonds
is payable in New Y o r k C it y ; on all other bonds by the City Treasurer.
T O T A L DEBT, SINKING FUNDS, E T C . - T h e s u b jo in e d sta te m e n t
s h o w s S a n d u s k y ’s t o t a l m u n ic ip a l debt, th e s in k in g f u n d h e ld y
c it y a g a i m t t h e sam e , a n d t h e w a t e r debt, o n t h e 1 s t o f J a n u a r y , 1 8 9 1 ,

T o t a l d e b t S e p L / 1 8 9 0 . - - . $ 1 4 4 ,0 0 0 | P o p u la t io n 1 8 8 0 .........

a n d M a rc h 1 8 ,1 8 9 0 .

T h is c it y i s i n S e n e c a C o u n ty .
T o t a l d e b t Sept., 1 8 9 0 .. $ 3 1 6 , 535LOANS —
When Due.
1 8 9 0 ..... 3 ,6
D e b t e x te n s io n , 6s, $ 1 3 , 9 0 0 . 1 8 9 5 T a xdv a lu a t io n 1 8 8 9 ...... 3 , 3 9 6 ,7002 6 j0 2 O
o
5 ,0 0 0 .1 8 9 4
6s,
F ire ,
T a x r a te p e r $ 1 ,0 0 0 . . . .
30A06s, 1 5 0 . 0 0 0 . 1 8 9 9
G a s,
1 1 4 . 0 0 0 . 1 9 0 8 P o p u la t io n 1 8 9 0 ................1 6 ,8 0 1
6s,
P a rks,
do
1 8 8 0 ............... 7,879»
3 3 ,6 3 5 .1 8 9 6
6s,
S e w e rs

1891.

T I F F I N .—

1890.
$ 5 5 3 ,6 0 0
2 0 2 ,7 5 7

T o t a l fu n d e d d e b t ( in c lu d in g w a t e r d e b t)........... $ 3 8 9 ,0 0 0
..........
S i n k i n g f u n d s . . . . ............... — - .......................
.......................$ 3 8 9 ,0 0 0
$ 3 5 0 ,8 4 3
N e t debt
................. $ 2 1 7 , 0 0 0
$ 3 7 9 ,0 0 0
W a te r debt
$ 172^000 o f th e ’ fu n d e d in d e b t e d n e ss is p a y a b le b y s p e c ia l a s s e s s ­
m e n t. ’ The sinking fu nd receives y e a r ly a b o u t 1 -2 8 m ills f r o m t h e t a x
^ T h e n o tic e a b le difference b e t w e e n t h e a m o u n t o f t h e t o t a l fu n d e d
d e b t o n M a r c h 1 8 ,1 8 9 0 , a n d J a n u a r y 1 , 1 8 9 1 , is e x p la in e d b y t h e fa c t
J ia t $ 1 6 2 ,0 0 0 o f th e w a t e r b o n d s t h a t e x p ire d m 1 8 9 0 w e re p a id off
w i t h t h e a c c u m u la t e d c a s h i n t h e s in k in g fu n d s .
( ,
,
ASSESSED V A L U A T IO N — T h e c i t y 's a s se ss e d v a lu a t io n (a b o u t
4 0 p e r ce n t o f t h e c a s h v a lu e ) a n d t a x ra te h a v e b e e n a s fo llo w s.
_
j?prri Fjftf
Personal»
Total•
Tax rate .
1 8 9 0 * T .............. $ 3 ,9 2 6 ,0 0 0
$ 2 ,4 6 4 ,0 0 0
$ 6 ,3 9 1 ,0 0 0
$ | 7 ;6 0
1 8 8 9 .....................................
1 8 8 7 ............................... •••■

..........

5 *8 6 6 1 9 4 0
5 ,293,469

TO LE D O

3000

33-60

in c e n t

J.

E

m m ic k

,

Mayor.

LOANS—
When Due.
B ridge Bonds—
„ _ $
J&J, $ 19 ,0 0 0 .J a n . 2, 1 9 1 1

5s,

S u b je c t to c a ll a ft e r J a n . 2 , 1 9 0 1

5s,
A&O, $ 2 5 0 , 0 0 0 . O ct. 1 , 1 9 1 3
4 4 s, M & N , 21 ,0 0 0 .M a y 1 , 1 9 0 8
4^8, J& D ,

LOANS—
When D u e .
H ouse of R efuge —
J&J, $ 12 ,0 0 0 .July 1 , 189a
Memorial H all —
5s,
A & O , $40, 0 0 0 . A p r . 1 , 1 9 0 5 6s,

X anr T at,ftAR—
T nT?

1 0 , 0 0 0 .J u n e 3 0 , 1 9 0 8

Floating D ebt B onds—

6s,

J&J,

$98,000.July 1,1892

General F und Bonds—
A & O , $ 30 ,0 0 0 .O ct. 1 , 1 8 9 9

C O U N T Y . — F. M usser, Auditor.

T h is c o u n t y is i n t l e s o u t h e r n p a r t o f th e State, b o r d e r in g o n K e n ­
t u c k y . C o u n t y se a t is P o r t sm o u th . I r o n is m in e d a n d m a n u fa c t u r e d
e x t e n s iv e ly in t h is c o u n ty . I t s a re a Is 6 2 5 s q u a r e m ile s.
,— Interest .— . ---------P rin c ip a l.- ----- loans—
P . Ct. Payable.
When Due. Outstand g
N A M E A N D PURPO SE8
J & J
J a n . 1, 1 8 9 3
$ 5 0 ,0 0 0

§ j H i S t M
do

-V

e x te n siv e .

P O P U L A T I O N . - I n " 1 8 9 0 p o p u la t io n w a s 1 8 ,4 7 1 ; i n 1 8 8 0 it w a s

do
do
do

, Mayor.

T o le d o is, s itu a te d i n L u c a s C o u n t y o n th e M a u m e e R iv e r , 8 m ile s f r o m
L a k e E r ie , is a im p o r t a n t r a ilr o a d c e n tre a n d c a r r ie s o n a n e x t e n s iv e
t ra d e i n g r a in , flo u r, liv e sto ck , etc. I t s m a n u fa c t u r e s a re a lso v e r y

1 5 ,8 3 8 ; i n 1 8 7 0 it w a s 1 3 ,0 0 0 .

S C IO T O

1 2 ,0 9 »

« 8

Z V ’. y . "

5
J & J
J u l y 1, 1 8 9 2
6 ,0 0 0
-T h e t o t a l fu n d e d d e b t o n J u l y 1, 1 8 9 1 ,
w a s ^ i r i ^ O O ^ flo a t in g debt, $ 1 9 , 2 0 0 ; t o t a l c o u n t y debt, $ 1 3 1 ,7 0 0 .
A S S E S S E D V A L U A T I O N — I n 1 8 9 0 t h e a s se ss e d v a lu a t io n o f r e a l
estate w a s $ 6 ,9 7 7 ,9 2 0 ; o f p e r s o n a l p ro p e r ty , $ 3 ,8 4 4 , 7 6 6 ; tota l, $ 10,8 2 2 6 8 6 : S ta t e a n d c o u n t y t a x (p e r $ 1 ,0 0 0 ), $ 1 1 -2 5 . I n 1 8 8 9 t h e t o t a l
a s se ss e d v a lu a t io n w a s $ 1 0 ,5 0 5 ,1 8 6 ; i n 1 8 8 0 it w a s $ 1 0 ,4 1 4 ,6 2 1 .
P r o p e r t y is a s se ss e d a t a b o u t 6 0 p e r ce n t a c t u a l valu e .
P O P U L A T I O N - — T h e p o p u la t io n i n 1 8 9 0 w a s 3 5 ,3 7 7 ; i n 1 8 8 0 it w a s
3 3 , 5 1 1 ; i n 1 8 7 0 it w a s 29 ,3 0 2 .

S I D N E Y . — H . Sarles , Mayor.
T h is c it y is i n S h e lb y C o u n ty .
I H AN S—
When Due.
B u i l d & g 6s, $ 3 , 0 0 0 .............. 1 8 9 3
Stre e ts
6 s, 2 , 5 0 0 ........... 1 8 9 3
W ater
6s, 1 0 , 5 0 0 ........... 1 8 9 7
do
5 s, 8 0 , 0 0 0 .............1 8 9 7

T o t a l d e b t Sept., 1 8 9 0 . . $ 1 0 6 , 0 0 0
T a x v a lu a t io n 1 8 9 0 — $ 2 ,1 6 3 ,5 7 0
do
do 1 8 8 9 ....$ 2 ,1 1 6 ,8 6 0
$ 2 8 *7 0
T a x r a te p e r $ 1 , 0 0 0 ---P o p u la t io n ................. .......

6s
5s;
5 s,
5s
5s!
41^ 8,
4^8,
412s,
4^s
4 la s
4 s,
4s
4s’

5

412s, M & N ,
7 5 ,O O O .M a y 1 0 , 1 9 1 »
00.
;
A& 0!
75;O O O .Oct. 1 , 1 8 9 1 412s A & O , 1 7 5 ,00 0 0 .O ct- 1 , 1 9 1 »»
412s, A&O,
90,
O ct. 1 , 1 9 1
M&N,
90 ,0 0 0 .N o v . 1 , 1 8 9 6
S
A & O , 100 ,0 0 0 .A p r . 1 , 1 9 0 5 412anitary B onds— . A p r. 8, 1 9 0 0 s, A & O
$ 10 ,0 0 0
A & O , 110 ,0 0 0 .O ct. 1 , 1 9 1 3
Street I ntersection—
M&N,
7 5 , 0 0 0 .M a y 1 5 ,1 8 9 4 5s,
M & N , $ 100 ,0 0 0 . M a y 1 , 1 9 1 1
M&N,
60 ,0 0 0 .M a y 2 6 ,1 8 9 6 4 12 s, M & S
$ 30 ,4 2 2 . S e p t .4 , 1 9 1 »
J& D ,
30 ,0 0 0 .D e c . 1 , 1 8 9 9
OLEDO & OODVILLE—
J & D , 100 ,0 0 0 .D e c. 1 , 1 9 0 0 73 I 0s, M&N,W4 3 2 , 0 0 0 . M a y 4 , 1 9 0 »
$
M&N,
7 0 ,0 0 0 . M a y 1 , 1 9 0 8
U
A & O , 190 , 0 0 0 . A p r . 3 0 , 1 9 0 6 5s, niversity B onds— o v . 1 6 , 1895M & N , $ 20 ,0 0 0 . N
J& D ,
57 ,0 0 0 .D e c. 1 , 1 9 0 6
W ater W orks—
J& J,
7 0 , 0 0 0 - J u ly 1 , 1 9 1 7 8s,
J & D , $ 497 ,0 0 0 .J u n e 2 ,1 8 9 3 J&J, 190 ,0 0 0 . J u l y 1 , 1 9 1 9 8s!
M & S , 500 ,0 0 0 .Se i> t.l, 1 8 9 4
3’ 0 0 0 . Oct. 1 , 1 8 9 »
,
6s,
A&O,

I N T E R F S T — A l l b o n d s a n d s e m i- a n n u a l in te re st c o u p o n s are p a y a ­
b le a t t h e Im p o r t e r s ’ & T r a d e r s ’ N a t io n a l B a n k , N e w Y o r k C it y e x c e p i n g t h e g e n e ra l f u n d r e f u n d in g is s u e s o f M a y 1 5 a n d D e c e m b e r 1 , 1 8 8 » .
a n d t h e M e m o r ia l H a l l a n d U n i v e r s it y b o n d s, w h ic h a re p a y a b le a t th e
office o f t h e T ru s t e e s o f th e S in k in g F u n d , T o le d o , O.
■. , ,
f i iN n F D
D E B T E T C — T l16 s u b jo in e d sta te m e n t s h o w s T o le d o s t o t a l m u n ic ip a l debt, th e s in k in g f u n d h e ld b y t h e c it y a g a in s t t h e s a m e ,
debt, i n t h e 1 s t o t
o l ee e h o f th e le s t » 7 ™ .
1890.
$ 3 ,3 2 2 ,0 0 »
T o t a l fu n d e d d e b t (in c lu d in g w a t e r debt) - - $ » 5 2 6 , 9 2 2
1 7 8 ,6 8 »
S in k in g f u n d s ..........................................._ _ _ _ _ _
$ 3 ,1 4 3 ,3 1 7 '
* N e t d e b t o n J a n u a r y 1 ..................- - - .$ 3 ,3 1 7 ,4 6 2
1 000 00
W a t e r d e b t ..........................................1 .0 0 0 ,0 0 0
F lo a t i n g d e b t f o r stree t a n d se w e r lm 7gg gg4
....

,

B n d ^ ^ a ^ e t c . , b o n d s, is s u e d s in c e J a n . i .
5 2 9 ,5 0 0
T o t a l ¿ e l d eb t j i d y 1 , 1 8 9 1 , a b o u t ............. 4 , 5 8 2 ,3 9 6

, »

- ---

* urm/ls issued for street improvement purposes, and payable out o£

S P R I N G F I E L D . — W . R. B urkett , Mayor.
S p r in g f ie ld is a n im p o r t a n t r a ilr o a d c e n tre i n C la r k C o u n ty .
It
c o n t a in s m a n y m a n u fa c to rie s, t h o se o f f a r m in g im p le m e n t s b e in g
m o s t e x te n s iv e . I t s s it u a t io n on Mad R i v e r a n d L a g o n d a C re e k a ffo rd s
e x c e lle n t w a t e r pow er,

[When Due.
LO A N S M arket B onds—
4*28, M & S , $ 225 ,000..Sept. 1 , 1 9 0 7

Sew e r B onds—’
6 s, var., $ 9 7 , 0 4 6 ..........’9 1 to 1 9 0 0
( P a r t ye a rly .)

Sew er B onds—
(P a y a b le b y sp e c ia l a sse ss.)
£ „ ,QO
O
5 s, M & S , $ 2 5 ,0 0 0 ...Sept. 1 , 1 8 9 3 6s, v a r., $ 4 , 8 8 9 ............1 8 9 1 to ’9 9
W ater B onds—
___ L
($ 5 ,0 0 0 y e a r ly ) to Sept. 1 , 1 8 9 7
5s, M & S , $ 2 9 0 , 0 0 0 .......’9 1 to 1 9 0 5
P aving B onds—
($ 1 0 ,0 0 0 M & S o f ea c h year.)
($ 1 5 ,0 0 0 y e a r ly ) to Sept. 1 , 1 9 2 1

P aving B onds—

( P a y a b le b y s p e c ia l asse ss.)
6s, v a r., $ 8 2 , 9 0 0 . . . - -’9 1 to 1 9 0 0
(P a r t e a c h year.)

5s, M & S , $ 9 0 ,0 0 0 ......... 1 9 0 6 to ’1 0
(P a r t M & S o f e a ch year.)

INTEREST—W H ERE PAYABLE - In t e r e s t is p a y a b le a t S p r in g
fie ld a n d N e w Y o r k .

. ,,
T O T A L DEBT Et c .—T h e t o t a l fu n d e d d e b t o n M c h . 1 1 , 1 8 9 1 , w a s
a s fo llo w s. T o t a l o f g e n e ra l b o n d s, $ 7 2 7 , 0 4 6 ; t o t a l o f b o n d s p a y a b le
b y a sse ss m e n t o n a b u t t in g p ro p e r ty , $ 8 7 ,0 8 9 ; t o t a l m d e b te d n e ss,
$ 8 1 4 , 1 3 5 ; w a t e r debt, *.$380,000.
I n 1 8 8 0 t h e n e t m d e b te d n e ss
a m o u n t e d t o $ 5 8 ,6 2 7 .




a s s S s m e n t s ^ v i e d u p o n a b u t t in g p ro p e r ty , a re n o t in c lu d e d i n t h e
f o r e g o in g sta te m e n t.
...
.
T h e s in k in g f u n d i s in v e s t e d i n c it y b o n d s.
CITY PRO PERTY. — T h e c it y o w n s it s w a t e r w o r k s , t h e o r ig i n a l
c o st o f w h ic h w a s $ 1 ,0 0 0 ,0 0 0 . T h e n a t u r a l g a s w o rk s , o w n e d b y the-.
c ity , h a s a lr e a d y f u r n is h e d s e v e r a l m a n u f a c t u r in g c o n c e rn s w it h gas,.
a n d t h e ir w o r k s a re n e a r ly co m p le te d so t h a t th e citiz e n s g e n e r a lly w i l l
b e s u p p lie d a t th e clo se o f 1 8 9 1 (w ith 1 5 0 ,0 0 0 ,0 0 0 c u b ic fe et d a ily ) a t a ,
c o st o f $ 7 5 0 ,0 0 0 .
QT1(, +n^
E Q U A L I Z E D V A L U A T I O N . — T h e city ’ s a s se ss e d v a lu a t io n a n d t a x
r a te h a v e b e e n a s fo llo w s, p r o p e r t y b e in g a sse sse d a t a b o u t o n e -h a
a c t u a l v a lu e .

~Vpurs

Peal Estate.

Personal.

’

Total.

*

Tax Bate~

$ 2 7 *0 0
$ 9 ,8 6 3 ,4 7 0
$ 4 0 ,8 7 1 ,0 0 0
1 8 9 1 . . ......a b o u t $ 3 1 ,0 0 7 ,5 3 0
2 9 *0 0
9 ,8 2 9 ,6 5 0
3 4 ,4 2 2 ,6 0 0
1890
.2 4 ,5 9 2 ,9 5 0
2 9 *0 0
9 , 4 2 3 ,3 1 0
3 3 ,1 4 1 ,3 8 0
1 8 8 9 ......
2 3 ,7 1 8 ,0 7 0
2 8 *0 0
8 , 1 5 7 ,0 6 0
2 9 ,9 3 0 ,3 0 0
1885.!
2 1 ,7 3 3 ,2 4 0
3 3 *6 0
5 , 3 5 0 ,1 5 0
1 8 ,1 5 6 ,0 9 5
1880 ‘
1 2 ,8 0 5 ,9 4 5
2 9 *5 0
4 ,9 6 3 ,7 7 0
9 ,4 5 2 ,4 7 0
1 8 7 0 .....
-4 ,4 8 8 ,7 0 0
* T a x ra te i n 1 8 9 1 ’p e r $ 1 , 0 0 0 : C it y t a x p ro p e r, $ 1 4 *0 0 ; S ta te ¿ a x *
$ 2 * 4 5 ; c o u n t y t a x , $ 5 * 2 5 ; s c h o o l ta x , $ 5 * 3 0 ; total, $ 2 '7' 0 0 *
POPU LATION-—I k 1 8 9 0 t h e p o p u la t io n w a s 8 1 , 4 3 4 ; i n 1 8 8 0 it w a a
5 0 , 1 3 7 ; i n 1 8 7 0 it w a s 3 1 ,5 8 4 .

T J R O Y . — S. K . H arter , Mayor.

W E S T

T r o y i s t h e c o u n t y se a t o f M ia m i C o u n t y , a n d is o n t h e G r e a t M ia m i
R iv e r , w h ic h a ffo rd s e x t e n s iv e h y d r a u lic p o w e r. M a n y flo u r m ills a n d
m a n u f a c t o r ie s a re lo c a t e d here.

R eal E state and F ir e .
6s

$ 2 0 , 0 0 0 . . . ......'. . . 1 9 1 7 , ’18 ,’1 9
a n d ’2 0 $ 5 ,0 0 0 y e a rly .

R ailroad A venue .
.$ 1 0 ,0 0 0 .............. .
$ 1 ,0 0 0 y e a rly .

$ 3 , 0 0 0 ......................... 1 8 9 2

R efunded B onds.
6s
5s

.1 9 0 1 ,’1 0

$ 2 8 ,0 0 0 ....................1 8 9 1 ,’9 6
$ 2 1 ,0 0 0 ................... 1 8 9 1 ,’9 8

W ater B onds.

6s
$ 8 0 , 0 0 0 ................ 1 8 9 9 -1 9 1 8
$ 4 ,0 0 0 y e a rly .

FUNDED DEBT—T h e t o t a l fu n d e d d e b t o n J a n u a r y 1, 1 8 9 1 , w a s
*$ 1 6 2 ,0 0 0 ; w a t e r debt, $ 8 0 ,0 0 0 .
EQUALIZED VALUATION — I n 1 8 9 0 t h e t o t a l a s se ss e d v a lu a t io n
w a s $ 2 , 6 8 1 , 6 6 0 ; t a x r a te (p e r $ 1 ,0 0 0 ), $ 2 6 -8 0 . R e a l e sta te is a s se ss e d
•at a b o u t
o f it s a c t u a l v a lu e . I n 1 8 8 9 t o t a l a s se ss e d v a lu ­
a t io n w a s $ 2 ,4 1 9 ,4 0 0 ; i n 1 8 8 5 it w a s $ 2 ,3 6 8 ,7 3 5 .
POPULATION—T h e p o p u la t io n in 1 8 9 0 w a s ....... ; i n 1 8 8 0 it w a s

City H all Bonds—

Treasurer.

LOANS—
When Due.
T a x v a lu a t io n 1 8 9 0 . . . $ 1 1 , 2 3 9 , 4 0 4
C o n s t r u c t io n 5 - 6 s , $ 1 0 3 ,3 9 4 .. 1 8 9 1 I
do
,,
H
1 8 8 9 . . . 1 1 ,2 2 2 ,0 3 4
T o t a l d e b t Sept., 1 8 9 0 — $ 1 0 3 ,3 9 4 | P o p u la t io n 1 8 9 0
2 2 ,8 6 0

S A N D U S K Y . — F. J ones, Major.
When Due.

T o t a l d e b t Sept. 1 8 9 0 .1
$ 9 8 ,0 0 0
T a x v a lu a t i o n ............. 1 ,5 5 3 ,0 4 0
T a x ra te p e r $ 1 ,0 0 0 .. . .
2 1 -6 0
P o p u la t io n .............

T t o v i l i a g e is th e o o u n t y se a t o f V a n w e rt C o u n t y , a n d o n th e lin e o f
t h e P it ts . F t.W . & C h ic. R R . M a n u f a c t o r ie s o f w o o le n s, w a g o n s, s t a v e s
•«tc., a re lo c a te d here.
.— Interest .— ,
.
.
.
.

5
5
5
5
4 *2

J & D
A & O
O ctob.
A & O
M & 8

J u n e , 1 8 9 7 to 1 9 0 4
Oct., 1 8 9 1 to 1 8 9 6
Oct., 1 8 9 1 to 1 8 9 3
A p r .1 ,1 9 2 1 to 1 9 4 1
M a rch , 1 9 1 0

INTEREST—Interest on $120,000 of water bonds is payable at the
FUNDED DEBT.— T h e t o t a l fu n d e d d e b t o n A p r i l 1, 1 8 9 0 , w a s
$ 1 6 1 ,0 0 0 ; s in k in g f u n d 'a s s e t s , $ 2 ,6 8 9 ; n e t debt, $ 1 5 8 ,3 1 3 ; w a t e r
d e b t, $ 1 2 5 ,0 0 0 .
EQUALIZED VALUATION.— I n 1 8 9 0 t h e a s se ss e d v a lu a t io n o f r e a l
e s ta te w a s $ 9 0 9 ,2 9 5 ; o f p e r s o n a l p ro p e rty , $ 7 0 9 2 3 4 • to ta l «1 fit«
■ 5 2 9 , t o * r a t e (p e r *1 .0 0 0 1 , *2 9 -0 0 . M
to to to Is a s » s s “ d at’ “ a S
i-tS i o o c ^ v a lu e .” I n 1 8 8 9 t o t a l a s se ss e d v a lu a t io n w a s
$ 1 ,5 0 2 ,4 9 0 ; in 1 8 8 5 it w a s $ 1 ,2 5 6 ,9 3 7 .
in 1 8 8 0 w a s

4 ,0 7 9 , i n 1 8 7 0 w a s 2,625.

Sew e r B onds—

6s, J u n e , $ 8 , 5 0 0 ..... J u n e 2 4 , 1 8 9 3
6s, Ju n e , 1 0 , 0 0 0 .... J u n e 1 5 , 1 8 9 4

T o t a l d e b t Sept., 1 8 9 0 . . . $ 9 7 , 5 "'
T a x v a lu a t i o n ........... ... l ,0 2 3 ,9 5 7
T a x ra te p e r $ 1 ,0 0 0
2 4 -9 4
P o p u la t io n , 1 8 9 0
do
1880
i', 7 8 0

Street B onds—
6s,
6s,
5s,
5s,

Sept., $ 7 , 7 7 9 ...... 1 8 9 1 to 1 8 9 9
Ju n e ,
1 ,0 0 0 ..... J u n e 2 2 , 1 8 9 2
Sept., 5 , 3 7 0 ..... Sept. 2 0 , 1 9 0 1
Oct.,
2 9 , 0 0 0 ..... Oct. 1, 1 9 0 5

W ater W orks-

$ 2 , 5 0 0 .... Sept. 2 0 , 1 8 9 3
1 0 ,0 0 0 .....M a r . 2 , 1 9 0 0

88, Sept.,
6s, M a r.,

$ 1 6 8 , 6 4 6 ; w a t e r debt, $ 1 2 ,5 0 0 .

EQUALIZED VALUATION — I n 1 8 9 0 th e t o t a l a s se ss e d v a lu a t i o n
w a s $ 2 ,5 2 1 ,7 3 5 ; t a x r a te (p e r $ 1 ,0 0 0 ), $ 2 2 -0 0 . I n 1 8 8 9 t o t a l a s se ss e d
v a lu a t io n w a s $ 2 , 4 2 1 , 7 6 6 ; in 1 8 8 5 it w a s $ 2 ,2 1 4 ,5 0 9 .
a b o u t 7 ,0 0 0 ; in 1 8 8 0

Charles F. H anard , Mayor,

X E N IA .
LOANS-

$ 1 5 ,0 0 0
1 8 ,0 0 0
3 ,0 0 0
1 2 0 ,0 0 0
5 ,0 0 0

office o f th e v illa g e t r e a s u r e r ; a ll o t h e r in t e r e s t a t t h e F i r s t N a t io n a l
B a n k , N e w Y o r k C ity .

POPULATION-—T h e p o p u la t io n i n 1 8 9 0

B oard of E ducation —
4 , 8 0 0 ......Sept. 1 *1 8 9 1 .
t o 1 8 9 4 , $ 1 , 2 0 0 y e a r ’'

T h is c it y is i n G re e n e C o u n t y .

— P rincipal.When Due.
Outstand'g.

P.Ot. Payable.

N A M E A N D PU RPO SE.

C i t y h a ll b o n d s ...........
M a c a d a m iz in g b o n d s..
H e w e r b o n d s ___
W a t e r b o n d s .......
do
.........'

R edemption & R efunding —

5s, Oct., $ 3 4 , 0 0 0 . . . . 1 8 9 1 to 1 8 9 9

When Due.

City B onds—

1 ,1 8 8 0
7 '3 s ......... $ 5 , 0 0 0 J u l y
7-3s, .
,
2 , 0 0 0 ----J u ly , 26, 1 8 8 0
6s, ...
,
5 3 0 --- Sept. 26, 1 8 9 2
5*28, .
1, 1 8 9 5
,
2 , 5 0 0 ----J u l y
5*28, , 5 5 , 7 0 0 ---- Sept. 1 , 1 8 9 5
5*28, .
, 8 ,0 0 0 ....A ug.
1 .1 8 9 2
5*28, .
, 4 ,0 0 0 ....A p r. 1 5 ,1 8 9 3
5*28, , 5 ,0 0 0 ....A ug. 1 5 ,1 9 0 8
-

LOANS-

6s, M & S ,

POPULATION—T h e p o p u la t io n i n 1 8 9 0 w a s
it w a s 5 , 8 4 0 ; i n 1 8 7 0 it w a s 5,419.

W E R T . — 0 . A. B alyeat , President.

^ ^ N

When D ue.

INTEREST—In t e r e s t is p a y a b le a t t h e office of t h e T re a su re r.
FUNDED DEBT—T h e t o t a l fu n d e d d e b t o n Sept. 22, 1 8 9 1 . w a s

U p p e r S a n d u s k y is i n W y a n d o t C o u n ty .

LOANS-

When Due.

S ^ s ,M a r ., $ 2 0 ,0 0 0 ..M a r. 1 6 ,1 9 1 3
5s,
Feb., 4 0 , 0 0 0 . . Feb . 1 4 , 1 9 1 2

■ C ounty se a t is M a r y s v ille .

•Gas, 6s, $ 9 8 ,0 0 0 , 1 8 9 1 t o 1 8 9 3 ,
$ 1 0 ,0 0 0 y e a r l y ; 1 8 9 4 -’98, $1 0 ,0 0 0 y e a r l y a n d 1 8 9 9 , $ 1 5 ,0 0 0 .

LOANS-

6s, A & O , $ 3 0 , 0 0 0 ..... O ct. 1 , 1 8 9 3
to 1 9 0 2 , $ 3 , 0 0 0 y e a r ly
6s, J & J , 1 2 , 0 0 0 ......J u l y 5, 1 9 0 3

W O O S T E R . — 0 . C. A dams, Auditor.

_ LOANS—

C O U N T Y .—

U P P E R

When Due.

T h e c o u n t y s e a t o f W a y n e C o u n t y . I t c o n t a in s s e v e r a l m a n u f a c t o r ie s
o f e n g in e ’ , f a r m in g im p le m e n ts, etc. T h e U n i v e r s it y o f W o o s t e r i s
s
lo c a te d here.

"3 ,8 0 3 ; i n 1 8 7 0 it w a s 3,005.

U N IO N

„ LOANS-

Special Improvements—

7s, M & N , $ 1 , 0 0 0 ....... M a y 1, 1 8 9 2
6s, J & J , 2 ,2 0 0 ....... J u l y 1 7 , 1 8 9 1
6s, A & O , 1 .1 0 0
O ct. 8 , 1 8 9 1
6s, J & D , 4 .1 0 0
.J u n e 1 6 , 1 8 9 3
6s, J & J, 1 ,7 0 0 ....... J u l y 29, 1 8 9 3
6s, A & O , 3 ,4 9 5 ....... A u g . 2 9 , 1 8 9 3
6s, A & O , 4 , 2 7 2 ........O ct. 5 , 1 8 9 3
6s, J & D , 4 . 1 0 0
Ju ne 1 6 ,1 8 9 4
6s, A & O , 7 ,0 0 0 ....... Oct. 8 , 1 8 9 6
6s, J & D ,. 1 .1 0 0 ....... J u n e 1 9 , 1 8 9 8
.
T„
6s, J & D , 2 0 ,0 0 0 ....... J u n e 1 , 1 8 9 3
to 1 9 0 2 , $ 2 , 0 0 0 y e a rly .
.

1MPR VEMENT BONDS.

When Due.

.

LOANS—

C L E V E L A N D .—

T h is v illa g e is i n M a h o n in g C o u n ty .

4 ^ 8 ........$ 1 0 , 0 0 0 . . . J u ly
1,
f s , .........
5 0 0 . . . J u n e 1,
....... »
5 0 0 . ..J u n e 1 , 1 8 9 6
5 s , ....... , 1 5 ,0 0 0 ... J u n e 1 5 , 1 9 0 6
5 s, . . . ....
5 ,0 0 0 ...M a y 1 0 ,1 9 0 7
In t e r e s t p a y a b le in X e n ia .
T o t a l d eb t O ct. 1 , 1 8 9 1 . . $ 1 1 4 , 7 3 0
T a x v a lu a t io n ............... 3 ,6 7 9 0 0 2
T o t a l t a x p e r $ 1 , 0 0 0 ......
$ 2 4 -4 0
P o p u la t io n i n 1 8 9 0 w a s ..... 8 ,1 4 5

Y O U N G S T O W N , — R. M ontgomery, Mayor.
T h is p la c e o w e s it s p r o s p e r it y in la r g e m e a s u r e to th e s u r r o u n d in g
c o u n t ry , w h ic h is r ic h i n ir o n ore, b it u m in o u s c o a l a n d lim e sto n e .
Y o u n g s t o w n h a s d o u b le d it s p o p u la t io n in th e la s t d ecad e
LOANS—
- Interest .— , --------- Principal. ----------- ,
—
N A M E A N D PU RPO SE.

Sew er bonds
‘ S tre e t b o n d s ..................
W a t e r b o n d s .............. . . .

P. Ct. Payable.
6
6
6

.

A & O
A & O
A & O

When Due.

Outstand'g

Sept. ’9 2 -1 9 0 1
O c t . l, ’9 1 -1 9 0 1
Sept. 1 , 1 9 0 1

$ 5 5 ,0 0 0
3 2 6 .0 0 0

100.000

* $ 1 0 , 0 0 0 o f the se b o n d s a re o n ly p a y i n g 5 p e r cent.

V I N C E N N E S . — F. M urphy , Mayor.
T h is c it y is i n K n o x C o u n ty .
„ LO AN S—
When Due.

School B onds—

o o n ’rP 1 5 ’0 0 0 ,....... J u l y 1 > 1 8 9 2
< $ 1 ,0 0 0 d u e y e a rly ) to J u l y 1 , 1 9 0 6

Other B onds—

T o t a l d e b t .................. $ .........
T a x v a lu a t io n 1 8 8 9 . . . $ ..........
T a x p e r $ 1 , 0 0 0 ..........
$ 1 0 -0 0
P o p u la t io n in 1 8 9 0 ...............8 ,8 5 3
P o p u la t io n i n 1 8 8 0 ...............7 ,6 8 0

In t e r e s t o n th e s c h o o l b o n d s is p a y a b le a t th e H a n o v e r N a t io n a l B a n k ,
N e w Y o r k C ity.

^ A ^ ^ ^ G ^ T O N . — J. B. K oontz, Mayor.
T h is c it y is th e c o u n t y se a t o f F a y e t t e C o u n t y . In t e r e s t o n the b o n d s
i s p a y a b le s e m i a n n u a lly a n d i n m o s t cases the b o n d s o f e ach lo a n m a ­
n ure, so m e o n o n e a n d so m e o n the o th e r in te re st d a y o f e ach y e a r

LOANS—

1903
property benefitted.

& A. 1892 ,

1904
6s, M & S , $ 7 2 , 1 1 7 . ..... 1 8 9 1 to 1 9 0 1
5s, M & S ,
4 , 5 0 0 ....... 1 8 9 1 to 1 8 9 5

1, 1 8 9 1 ,
w a s $ 1 4 6 ,6 1 8 ; s i n k i n g f u n d a sse ts, $ 5 6 ; n e t debt, $ 1 4 6 ,5 6 1 . T h é
s i n k i n g f u n d re c e iv e s a b o u t $ 2 ,0 0 0 y e a r l y fr o m th e t a x le v y .
^ q i ZqI ? Y A L U A T I O N - ~ n l 8 9 1 t l i e t o t a l a s8 e sse d v a lu a t i o n
w a s $ 2 ,3 8 1 ,3 3 1 ; t a x r a te (p e r $ 1 ,0 0 0 ), $ 2 9 -0 0 , t h is in c lu d in g c it y t a x
Î 5 ’ S ta t6 t a X ’ $ 2 ’45; c o u n t y t a x > $ 4 -6 0 ; s c h o o l ta x, $8-50.
£
t ot al a s se ss e d v a lu a t io n w a s $ 1 ,9 8 5 ,4 8 6 ; in 1 8 8 5 it w a s $1,9 5 4 ,4 9 2 . P r o p e r t y is a sse sse d at “ a b o u t 7 5 p e r ce n t it s a c t u a l v a lu e ”
POPULATION.- T h e p o p u la t io n i n 1 8 9 0 w a s 5 ,8 9 3 ; in 1 8 8 0 it w a s
3 ,7 9 8 ; in 1 8 7 0 it w a s 2,117.

W I L L I A M S C O U N T Y .—
C o u n t y se a t is B r y a n .

LOANS.

When Due.




P O P U L A T I O N . — T h e p o p u la t io n i n 1 8 9 0 w a s 3 3 ,2 2 0 ; i n 1 8 8 0 it w a s
1 5 , 4 3 5 ; i n 1 8 7 0 it w a s 8,075.

Z A N E S V I L L E . — W. S. B ell , Mayor.

«RnnW n n e n f ?
n
°it y 0 W n s lt s w a t e r w o rk s, w h ic h a re v a lu e d a t
$ 6 0 0 ,0 0 0 , a n d h a s in t e re s t i n g a s w o r k s v a lu e d a t $ 2 0 ,0 0 0 .
LOANS
’
I fltC V C S t,- - *1
\

I mproving Streets—assessed on

INTEREST—I s p a y a b le a t th e C it y ’s T r e a s u r e r ’s office.
FUNDED DEBT-—T h e t o t a l fu n d e d d e b t o n Sept.

^

v a lu a t io n o f r e a l e sta te w a s $ 4 , 1 7 9 ,9 1 0 ; o f p e r s o n a l p r o p e r t y $ 2 8 2 1 1 1 0 ; total, $ 7 ,0 0 1 , 0 2 0 ; t a x ra te (p er $ 1 ,0 0 0 ), $ 2 8 *0 0 . I n 1 8 8 5 ’to ta ’
r
a s se ss e d v a lu a t io n w a s $ 5 , 6 1 9 ,5 9 0 ; in 1 8 8 1 it w a s $ 4 ,6 3 3 ,2 5 0 .

T h is c it y is th e c a p ita l o f M u s k in g u m C o u n t y . I t s c h ie f in d u s t r ie s a re
t h e m a n u f a c t u r e o f s te a m e n g in e s, flou r, iro n , g la ss , c a r n a g e s , p a p e r

189
5s, M & S , 54 0 , 0 0 0 ....... 1 9 1 0 to 1 9 1 9

G eneral R evenue —

- C o u rt H o u s e 6 s $ 1 1 0 , 0 0 0 ......1 8 9 1
"T o t a l d e b t Sept., 1 8 9 0 ___$ 1 1 0 ,0 0 0

VALUATION.— I n 1 8 9 1 th e t o t a l a s se ss e d v a lu a t io n
w a s $ 1 3 , 0 0 0 ,0 0 0 ; t o t a l t a x p e r $ 1 ,0 0 0 , $ 2 6 -0 0 . I n 1 8 9 0 th e a s se ss e d

($4,000 due yearly.)

$ 4 , 0 0 0 ........... 1 8 9 1 to
8 , 0 0 0 ..... A p r . 2, 1 8 9 2
( $ 1 , 0 0 0 y e a rly ) to 1 8 99.
5 >0 0 0 ........... 1 8 9 8 to
9 , 0 0 0 ........... 1 8 9 6 to

7s, F & A , $ 4 . 0 0 0 ....... F

T h e t o t a l d e b t o n Oct. 1 , 1 8 9 1 , w a s $ 4 8 1 , 0 0 0 *
WaJ
(ln c lu d e d >> $ 1 0 0 ,0 0 0 . I n 1 8 9 0 th e t o t a l d e b t w a s $ 3 2 2 , 0 1 0
i n 1 8 8 9 it w a s $ 3 1 2 , 5 7 1 ; in 1 8 8 0 it w a s $ 2 0 3 ,0 5 0 .

LOANSWhen Due.
Street I mp., Spec . A ct—

When Due.

E xten di ' g City D ebt—
j>8’ M & S ,
6 s, A & O ,
~
^ ’ îîf f »
-5s, M & S ,

INTEREST—I s p a y a b le a t th e office o f th e C it y T re a su r e r .
FUNDED DEBT.

Treas.

T a x v a lu a tio n , 1 8 9 0 .. ..$ 8 ,8 8 6 ,3 1 0
do
1 8 8 9 . . . . 8 ,7 5 7 ,5 6 5
P o p u la t io n ..................
24 897

N A M E A N D PU RPO SE.

R efu di g—

P. Ot. Payable.

F ir e d e p a rtm e n t r e f u n d in g
F lo a t i n g d e b t
do
do
do
do.
N a t u r a l gas, etc.
do
S c h o o l, 1 8 8 5 ,
do

4 *2
5
4 *2
4 *2
5

S p e c ia l a s se ss m e n t 1 8 9 0 .......

6

W a t e r w o rk s, r e fu n d in g , 1 8 8 4 5
do
do
4^
do
do
.... 4 *2
do
do
4 ifl
do
do
1 8 8 8 4 *2
do
do
1 8 9 0 4 *2
do
do
---4
S u b je c t to
Zanesville Railway do
.... 4 *2
do
do 1 8 9 0 4 ^

M & S
J & D
J & J
M & N
M & N

When Due

Outstand'g.

M a r. 1 ,1 9 0 0
June 2 ,1 9 0 4
J u l y 1 9 0 2 -’0 3
M ay
1, 1 9 0 5
M ay
1, 1 9 0 5
( Sept. 1, 1 8 9 2 1
M & S<
to
( Sept. 1, 1 9 0 5 )
J & D
J u n e 2, 1 9 0 4
A & O
A p r.
1, 1 9 0 6
J & J
J u ly
1 ,1 9 0 7
A & O Oct.
1, 1 9 0 9
A & O
A p r.
1 ,1 9 1 3
J & J
J u ly
1 .1 9 1 0
A & O A p r.
1, 1 _ 0 2 _
9 _
c a ll a fte r A p r i l 1 , 1 8 9 2 .
J & J J u ly
1 ,1 9 0 5
J & J Jan.
1 ,1 9 1 0

$10,000
20,000
3 4 .0 0 0
4 0 .0 0 0
2 5 .0 0 0
1 2 ,5 0 0
5 0 .0 0 0
3 0 ,0 0 F
60,004.

20.000
7 0 .0 0 0
5 0 .0 0 0
7 5 .0 0 0

2 5 .0 0 0
1 4 .0 0 0
INTEREST is p a y a b le a t N a s s a u B a n k , N e w Y o r k C ity , o r a t T r e a s ­
u r e r ’s office.
F U N D E D D E B T , E T C - — T h e t o t a l fu n d e d d e b t o n M a y 1 , 1 8 9 1 , w a s
$ 5 4 0 ,3 4 7 , in c lu d in g w a t e r d e b t o f $ 3 0 5 , 0 0 0 ; s in k in g f u n d a sse ts
$ 1 , 4 7 6 ; n e t debt, $ 5 3 8 ,8 7 1 . I n 1 8 8 0 t h e n e t d e b t w a s $ 5 2 9 ,0 9 7 .

;Tvf£W
E Q U A L I Z E D V A L U A T I O N . - I n 1 8 9 0 t h e a s se ss e d v a lu a t io n o f
r e a l e sta te w a s $ 6 ,2 2 1 ,6 5 0 ; p e r s o n a l p ro p e rty , $ 2 ,8 0 9 , 1 2 9 ; tota l,
$ 9 ,0 3 0 ,7 7 9 ; t a x r a te (p e r $ 1 ,0 0 0 ), 2 5 -2 0 , t h is in c lu d in g c it y t a x
p ro p e r, $ 1 2 -0 0 ; S ta t e t a x , $ 2 -7 0 ; c o u n t y t a x , $ 5 -0 0 ; s c h o o l ta x , $5-50.
I n 1 8 8 0 t o t a l a s se ss e d v a lu a t io n w a s $ 7 ,1 2 2 ,8 5 0 ; t a x ra te , 2 3 -5 0 .
P r o p e r t y i s a sse sse d a t a b o u t o n e -t h ird a c t u a l v a lu e .
P O P U L A T IO N * — T h e p o p u la t io n i n 1 8 9 0 w a s $ 2 1 , 0 0 9 ; i n 1 8 8 0 it
w a s 1 8 ,1 1 3 ; i n 1 8 7 0 it w a s 1 0 ,0 1 1 .

Vol. LIIL

foreign debt .

---------- P rin ci >at.---------- >
■
,---- Interest .—
When T>«e. O tstand'g.
P . Ct. Payable.
J u n e 1 8 , 1 9 0 9 $ 3 ,9 0 5 ,0 0 0
J & D
S c h o o l f u n d r e f u n d in g . .. .. .r. 3
5 0 0 ,0 0 0
3*2 M, & N M a y 1 , 1 8 9 5
S ta te H o u s e .................. ___ r.
p a st due
1 4 ,4 7 0
ce a se d
in t.
S t o c k c e rtific a te s ...........
p a st due
2 ,1 4 5
ce a se d
in t.
do
...........
Do
5 8 5 ,0 0 0
T e m p o r a r y l o a n ............. ___ r. 3*2 A & O A p r . 1 ,1 8 9 5
6 0 0 .0 0 0
M & S M ch. 1 .1 8 9 5
d o ............. ___ r. 3 %
Do
3 0 0 ,0 0 0
d o ............. .. .r. 3 *2 M & S M c h . 2 , 1 8 9 6
Do
3 4 0 ,0 0 0
A & O A p r. 1 ,1 8 9 2
d o ............. ___ r. 3
Do
3 4 0 ,0 0 0
A & O A p r. 1 ,1 8 9 3
d o ............. ___ r. 3
Do
3 7 0 ,0 0 0
A & O A p r. 1 , 1 8 »
d o ............. ___ r. 3
Do
7 0 0 ,0 0 0
A & O A p r. 1 ,1 8 9 9
d o ............. ___r. 3
Do
Sept. 2 0 , 1 8 9 9
7 0 0 ,0 0 0
M & S
d o ............ ___ r. 3
Do

LOANS-

N A M E A N D PU RPO SE.

domestic debt .

State of Indiana.
IT S

DEBT, RESOURCES,

E tc.

H e ld b y P u r d u e U n i v e r s it y . . .
H e ld b y I n d ia n a U n i v e r s i t y . ..

5
5

A & O
A p r. 1 ,1 9 0 1
s e m i-a n
..................

3 4 0 .0 0 0
1 4 4 .0 0 0

I N T E R E S T a n d p r in c ip a l o f f o r e ig n d e b t b o n d s p a y a b le a t th e office
o f W in s lo w , L a n i e r & Co., N e w Y o r k .
-|-q -|-^[_ q e b T , E t c .— T h e f o llo w in g s ta te m e n t s h o w s In d ia n a ’s
t o t a l debt, th e fo r e ig n a n d d o m e s tic d e b t a n d th e a n n u a l in te re st o n the
sa m e fo r th e y e a r s in d ic a te d .

ig g ( )

RAM-.
.........$ 8 ,0 5 6 ,6 1 5
D o m e f t ir d l b t : : - / . : : . . . ........ * 4 8 ^ 0 0 0

1889

1888>

$ 8 ,0 5 6 ,6 1 5
4 8 4 ,0 0 0

$ 2 ,3 8 1 ,8 2 5
4 , 3 8 8 ,7 8 3

.

.

Organized as a Territory (Act May 7, 1800) July 4, 1800
$ 8 ,5 4 0 ,6 1 5
$ 6 ,7 7 0 ,6 0 8
Admitted as a State (Act Apr. 19, 1816) - Dec. 11, 18 6
T o t a l d e b t .............. $ 8 ,5 4 0 ,6 1 5
$ 2 4 9 ,6 2 5
$ 7 9 ,3 7 5
In t e r e s t o n f o r e ig n d e b t . $ 2 4 9 , 6 2 5
Total Area of State (square miles)
86,350 In t e r e s t o n d o m e s tic d e b t —
2 4 ,2 0 0
2 5 8 ,4 8 6
2 4 ,2 0 0
State C a p i t a l ..........................................................Indianapolis
T o t a l a n n u a l in t e r e s t $ 2 7 3 , 8 2 5
$ 2 7 3 ,8 2 5 $ 3 3 7 ,8 6 1
Governor (term expires 2d Monday, Jan., 1893).. Alvin P. Hovev
A S S E S S E D V A L U A T IO N .— T h e f o llo w in g ta b le s h o w s the t o t a l
Secretary of State (term expires Jan , 1893) - Claude Matthews v a lu a t io n o f r e a l a n d p e r s o n a l p r o p e r t y a n d th e S ta te t a x ra te (p e r
Treasurer (term expires Jan., 1893) Albert Gall $ 1 ,0 0 0 ) fo r th e y e a r s in d ic a t e d
Valuation.
Tax rate
Valuation.
Tax rate. Tears.
Legislature meets biennially in odd years on the Thursday Tears.
1 8 8 9 ....... $ 8 4 3 , 4 8 3 , 4 6 6 .........$ 1 -2 0 1 8 7 5 ...... $ 8 9 7 , 7 3 9 , 7 8 3 . . . . . . $ 1 - 5 0
after the first Monday in January, and sessions are limited 1 8 8 8 ....... 8 2 1 , 5 1 2 , 9 8 4 ......... 1 -2 0 1 8 7 0 ....... 6 6 2 ,2 8 3 , 1 7 8 ....... 1 -5 0
to sixty-one days.
H I S T O R Y O F D E B T . — T h e fir s t p u b lic w o r k i n t h e p r o g r e s s a n d i n
b e h a lf o f w h ic h I n d ia n a is s u e d it s b o n d s w a s t h e W a b a s h & E r i e
C a n a l. T h a t p ro je c t h a d a n e a r ly in c e p tio n . I t w a s i n 1 8 2 4 t h a t C o n ­
g r e s s p a s s e d ' a n a ct a u t h o r iz in g it s c o n s t r u c t io n t h r o u g h t h e p u b lic
la n d s t o co n n e c t th e w a t e r s o f th e W a b a s h a n d th e M ia m i, g r a n t in g fo r
t h a t p u r p o s e 9 0 feet o n e ach sid e o f th e c a n a l i n a id o f it s c o n s t ru c t io n .
T h a t g ra n t , h o w e v e r, d id n o t p r o v e a su fficie n t in d u c e m e n t to s t a r t th e
e n te rp rise , s o i n 1 8 2 7 C o n g r e s s m a d e a f u r t h e r g r a n t o f on e-a nd -on eh a lf s e c t io n s i n w id t h o n e a c h sid e o f th e p ro p o s e d can a l, r e s e r v in g to
th e U n it e d S ta t e s e a c h a lt e rn a te sectio n. In d ia n a i n t u r n ceded a
p o r t io n o f th e se la n d s to O h io fo r th e sa m e p u r p o s e a n d th e t w o S ta t e s
a g re e d to b u ild a n d k e e p “ o p e n a n d n a v i g a b le ” th e W a b a s h & E r i e
C a n a l b e tw e e n T o le d o O h io , a n d T e r re H a u t e In d ia n a . I t w a s n o t
u n t il 1 8 3 2 t h a t th e S ta te o f In d ia n a p a ss e d a la w a u t h o r iz in g th e
a p p o in t m e n t o f a c o m m is s io n to b o r r o w m o n e y o n th e cre d it o f th e
S ta t e a n d to p ro se c u te th e p ro p o se d e n t e r p r is e ; the r e s u lt w a s t h a t i n
t h e f o llo w in g y e a r a p o r t io n o f th e w o r k w a s p u t u n d e r co n tra ct. T h e
S ta t e ’s c re d it w a s so g o o d t h e n t h a t fo r so m e y e a r s a ll th e b o n d s it
is s u e d w e re s o ld at a s m a ll p r e m iu m ; th e t o t a l p u t o u t o n a c c o u n t o f

7 9 9 , 2 5 1 , 7 7 3 ........ 1 -2 0 1 8 6 5 ........ 5 6 7 ,3 8 1 , 5 5 3 ...... 2 -0 0
7 3 9 , 4 5 1 , 7 7 7 ......... 1 -2 0 1 8 6 0 ....... 4 5 5 , 0 1 1 , 3 7 8 ....... 1 -5 0
7 9 3 , 5 2 6 , 0 7 9 ......... 1 '2 0 1 8 5 5 ....... 3 0 1 ,8 5 8 , 4 7 4 ....... 2 -0 0
7 2 8 , 9 4 4 , 2 3 1 ......... 1 -2 0 1 8 5 0 ....... 1 3 8 ,3 6 2 , 0 8 5 ....... 2 -5 0
|
D E B T L I M I T A T I O N . — I n th e p re se n t C o n st it u t io n o f In d ia n a , w h ic h
w e n t in t ^ effect N o v e m b e r 1 1 8 5 1 , s u p e r s e d in g th e C o n st it u t io n a d op te d
in 1 8 1 6 , th e re a re e x p lic it p r o v is io n s lim it in g th e p o w e r o f b o th t h e
S ta te a n d it s m u n ic ip a lit ie s to c o n t ra c t debt.

1887
...
1 8 8 6 .......
1 8 8 5 .......
1 8 8 0 ......

FIRST, as to the State, S e c tio n 5 o f a rtic le 1 0 p r o v id e s t h a t n o d e b t
e x c e p t to m ee t c a s u a l d eficits in re v e n u e , t o p a y in te re st, to r e p e l i n v a ­
s io n &c. c a n be contra cted . T h e se c tio n i n f u ll is sub joine d.
Creati O ' of D ebt F orbidden .—N o la w s h a ll a u th o riz e a n y deb t to b e
c o n tra c te d o n b e h a lf o f th e S ta te e x c e p t i n th e fo llo w in g c a se s : T o
m ee t c a s u a l d eficits in th e r e v e n u e ; to p a y in te re st o n t h e S ta te d e b t ,
to re p e l in v a s io n , s u p p r e s s in su rre c tio n , or, it h o s tilit ie s be th re a te n e d ,
p r o v id e fo r th e p u b lic defense.
I n th e s ix t h se ctio n o f the sa m e a rtic le th e la s t cla u se p r o h ib it s th e
a s s u m p t io n b y the S ta te o f th e d eb ts o f a n y m u n ic ip a lit y o r c o rp o ra t io n .

T h e c la u se re fe rre d to r e a d s a s fo llo w s.
N o r s h a ll th e G e n e ra l A s s e m b ly e v e r o n b e h a lf o f(
>
th e d e b ts o f a n y co u n ty , city, t o w n o r t o w n s h ip , n o r o f a n y c o rp o ra t io n
w h a te v e r.
SECOND, as to m unicipalities, th e p r o v is i o n c o n t a in e d i n t h e
C o n s t it u t io n see m s to b e e q u a lly c le a r a n d e m p h a tic , and, a s w i ll b e
t h e c a n a l re a c h e d o n ly $ 1 ,7 2 7 ,0 0 0 .
In d i a n a ’s n e x t v e n t u r e w a s i n th e b a n k in g b u s in e s s. T h is w a s o n ly a fo u n d , fix e s th e lim it a t 2 p e r ce n t o f th e v a lu a tio n . I t is a rtic le 1 3 o f
s id e e n t e r p ris e to fa c ilita t e th e r a i s i n g o f th e n eed e d c a p it a l fo r th e c o n ­ t h a t in s t r u m e n t w h ic h re la te s to t h is subject, a n d w e g iv e th e a rtic le I n
s t r u c t io n o f s e v e r a l r a ilr o a d s w h ic h th e S ta t e h a d in c o rp o r a t e d i n 1 8 3 2 , f u l l b elow .
,
..
limited — E xcess V oid .— N o p o lit ic a l o r m u n ic ip a l c o r p o r a t io n
th e B a n k o f I n d i a n a b e in g in c o rp o r a t e d i n 1 8 3 4 , a n d o p e n in g b u s in e s s
in t h is S ta te s h a ll e v e r becom e in d e b te d in a n y m a n n e r o r fo r a n y p u r th e la t t e r p a r t o f t h a t y e a r w it h e le v e n b ra n c h e s, t w o m o re b e in g s u b ­
u o se to a n a m o u n t in th e a g g re g a te e x c e e d in g t w o p e r c e n t u m o n t h e
s e q u e n t ly opened. T h e S ta t e s u b s c r ib e d to th e s t o c k o f t h is b a n k , p a y ­ v a lu a t io n o f the t a x a b le p ro p e r t y w it h in s u c h c o rp o ra t io n , to be a sc e r­
i n g the s u b s c r ip t io n in. b o n d s, a n d is s u in g in a ll th e re fo r a t o t a l o f ta in e d b y th e la s t a s se ss m e n t fo r S ta te a n d C o u n t y t a x e s p r e v io u s to
$ 2 ,4 1 2 ,0 0 0 . F i n a l l y th e L e g is la tu re , c a t c h in g th e s p e c u la t iv e s p ir it t h e in c u r r in g o f s u c h in d e b te d n e ss ; a n d a ll b o n d s o r o b lig a t io n s m
w h ic h w a s r ife i n a ll p a r t s o f th e c o u n t ry , a u th o r iz e d i n 1 8 3 6 th e b o r ­
w
£
! t o v C i o T S r ’“ « ¿ r e a t
r o w i n g o f $ 1 0 ,0 0 0 ,0 0 0 fo r c a n a ls , r a ilr o a d s a n d t u r n p ik e s , a n d se t to
c o rp o ra tio n , { h o p u b lic a u t h o r i t y
w o r k o n a ll th e p ro p o s e d e n t e r p ris e s a t once. I t d id n o t t a k e b u t
i n t h e ir d is c r e t io n m a y in c u r o b lig a t io n s n e c e ss a r y fo r th e P ^ l i o p ro
a b o u t t w o y e a r s to d is c o v e r t h a t th e w o r k w h ic h h a d b e e n la id o u t t e c tio n a n d d e fe n se to s u c h a n a m o u n t a s m a y be re q u e s te d i n s u c h
w o u ld u s e u p m u c h m o r e m o n e y t h a n th e a m o u n t a u th o riz e d , a n d it petition .
THIRD, counties (b ut n o o th e r k i n d o f m u n ic ip a lit y ) a re p ro h ib ite d
o n ly r e q u ire d a lit t le lo n g e r t im e to fin d t h a t th e S ta t e h a d re a c h e d t h e
f r o m s u b s c r ib in g f o r a n y s to c k in a c o rp o ra t io n u n le s s p a id f o r a t t im e
li m it o f it s b o r r o w in g p o w e r ; so i n 1 8 3 9 w o r k o n a ll in t e r n a l im
p r o v e m e n t s w a s su sp e n d e d . T h e y e a r p re v io u s , 1 8 3 8 , t h e U n it e d S ta t e s o f s u c h s u b s c rip tio n . T h e se c tio n w h ic h c o v e r s t h is sub ject is se c tio n 6
G o v e r n m e n t h a d a ls o s to p p e d w o r k o n th e N a t io n a l R o a d , w h ic h i n it s o f a r tic le 10, a n d is a s fo llo w s. ,
i:$
.
C o u n t ie s c a n n o t t a k e sto ck. N o c o u n t y shall s u b s c r ib e f «£ ^ o c k i n
c o u r s e h a d re a c h e d a n d w a s at t h a t t im e b e in g b u ilt t h r o u g h In d ia n a .
al a n v i n c o r *
A lt o g e t h e r t h is s u d d e n a n d a b so lu te c e ss a t io n i n G o v e r n m e n t e x p e n d i­ a n y in c o rp o r a t e d c o m p a n y u n le s s th e
s u c h s u b s c r ip tio n ; n o r s h a l l a n y c o u n t y lo a n «
8
.
S t o c k il l
t u r e s (S ta te a n d N a t io n a l) g r e a t ly c r ip p le d th e t a x - p a y in g p o w e r o f th e Ttoratftd c o m p a n y , n o r b o r r o w m o n e y f o r th e p u r p o s e o f t a k in g sto cK m
a n y asu c h c o m p a n y ; n o r s h a ll th e G e n e ra l A s s e m b ly e v e r o n b e h a lf o f
p eo p le, w h ile a t th e sa m e t im e th e d e p re c ia t io n in b a n k -n o t e c u rre n c y ,
i n w h ic h t a x e s w e re re c e iv a b le , f u r t h e r s h o rte n e d th e S ta t e ’s r e v e n u e s . th e S ta te a s s u m e th e d e b ts o f a n y co u n ty , city, t o w n o r t o w n sh ip , n o r o f
a n y c o r p o r a t io n w h a te v e r.
?
.
. , ,
c o n s e q u e n t ly i n 1 8 4 0 it b e c a m e im p o s s ib le fo r t h e S ta t e to c o n t in u e
T h e p r o h ib it io n w h ic h t h is se c tio n c o n t a in s a p p lie s, a s a lr e a d y stated,
in t e r e s t p a y m e n t s o n it s debt.
o n l y to co u n tie s. C o n se q u e n t ly the L e g is la t u r e w a s a t lib e r t y to a u th o rF in a n c ia l a ffa irs r e m a in e d a t t h is lo w ebb a n d w it h o u t a n y m a t e r ia l
ze c itie s to s u b s c r ib e to t h e s to c k o f r a ilr o a d s , a s it d id b y a g e n e ra l
c h a n g e i n c o n d it io n f o r s e v e r a l y e a rs. A t le n g t h th e c re d ito rs, c o n v i n ­
la w p a ss e d in 1 8 6 7 g r a n t in g th e p o w e r to su b s c r ib e to th e s to c k o f a n y
ce d t h a t I n d i a n a c o u ld n o t d ir e c t ly m ee t t h e w h o le debt, p ro p o s e d in
r a ilr o a d r u n n i n g in to o r t h r o u g h a n y c it y o r n e a r it s c o rp o ra te lim its .
1 8 4 5 a s a c o m p r o m is e t h a t th e S ta t e s h o u ld a r r a n g e f o r th e p a y m e n t o f
O th e r la w s o f a s o m e w h a t s im ila r c h a r a c t e r h a v e b e e n p a ss e d at o th e r
o n e h a lf o f it s o u t s t a n d in g o b lig a t io n s b y t a x a t io n a n d t h a t it s h o u ld
dates. W e n o tic e o n e law to o w h ic h a u th o r iz e s c o u n t ie s b o r d e r in g o n
p a y th e o t h e r h a lf w it h th e p r o p e r t y a n d t o lls o f th e W a b a s h & E r i e
t h e S ta te lin e to s u b s c r ib e fo r r a ilr o a d s to c k a n d to is s u e b o n d s f o r t h e
C a n a l.
A t t h is t im e (1 8 4 5 ) t h e t o t a l o b lig a t io n s w e re a b o u t 1 5 %
p u r p o s e o f p a y in g th e s u b s c r ip tio n .
I n v ie w o f th e a b o v e se c tio n
m ill io n d o lla r s, o f w h ic h a b o u t 2 % m ill io n s w e re i n th e T r e a s u r y , le a v ­
t h is g r a n t o f p o w e r e x te n d e d to c o u n tie s w o u ld seem to b e a t le a s t
in g th e o u t s t a n d in g in d e b t e d n e ss a b o u t 1 2 % m illio n d o lla rs. P r o m p t e d
,
,
....
b y th e s u g g e s t io n s f r o m t h e c r e d ito rs a b o v e re fe rre d t o th e In d ia n a q u e stio n a b le .
COUNTIES are apparently restricted b y sta tu te to a lo w e r tlia
L e g i s l a t u r e i n 1 8 4 6 p a ss e d a r e f u n d in g b ill, w h ic h w a s a m e n d e d in 1 8 4 7 ,
C o n s t it u t io n a l lim it o f 2 p e r c e n t i n t h e m a tt e r o f c r e a tin g debt. F o r
U n d e r t h is b i l l a n d a m e n d m e n t a ll b u t a s m a ll p o r t io n o f th e b o n d ­
in sta n ce , S e c tio n 5 ,7 4 9 o f th e R e v is e d S ta tu te s a u th o riz e s a n y c o u n t y
h o ld e r s a r r a n g e d t h e ir in d e b te d n e ss, th e r e s u lt b e in g t h a t t h e S ta t e
to is s u e 1 onde w h e n n e c c s s r r y to c o n stru c t, co m p le te o r r e p a ir c o u r t
b e c a m e d ir e c t ly lia b le fo r a b o u t 623 m ill io n d o lla r s a n d t h e W a b a s h &
house, j a il or o t h r c o u n t y b u ild in g s , o r to f u n d e x is t in g d e b t; m t h o s e
E r i e C a n a l c h a rg e a b le w it h 6 % m illio n d o lla rs. I n 1 8 5 1 In d ia n a a d o p ­
o a se s c o u n t y c o m m is s io n e r s m a y b o r r o w f o r t h a t p u r p o s e n o t e xcee d
t e d a new C o n s t it u t io n r e s t r ic t in g th e d e b t m a k in g p o w e r o f th e S ta te
in g 1 p e r c e n t o n a sse sse d v a lu a t io n a n d is s u e b o n d s therefore,
(1) t o m e e t c a s u a l d e fic its o f re v e n u e , (2) t o p a y in t e re s t o n th e S ta te
" Sinking fu n d f o r p a y m e n t o f b o n d s m u s t be p ro v id e d b y f c w y in g a t a x
debt, a n d (3) t o r e p e l in v a s io n , re b e llio n , etc. D u r i n g o u r C i v i l W a r
o f n o t le ss t h a n on e -te n th o f o n e p e r ce n t o n th e t a x a b le p ro p e r t y o f t h e
$ 2 ,0 0 0 ,0 0 0 i n 6 p e r c e n t b o n d s w e re is s u e d f o r w a r p u rp o s e s . In d ia n a
c o u n t y i n a d d it io n to a sp e cific le v y to p r o v id e fo r in te re st. (See R e
c re d it s t a n d s h ig h n o w , a b o u t a ll o f it s de b t b e in g i n 3 p e r ce n t b o n d s
v is e d S ta tu te s. S e c tio n 5 ,7 5 3 ).
t h e d e t a ils o f th e S ta t e ’s o u t s t a n d in g o b lig a t io n s a re a s f o l l o w s :




October, 1891.

9*3

L im it o f one p er eent m a y be excee d ed i n c o u n tie s w h e re c o n s t ru c t io n
o f c o u r t h o u se w a s b e g u n b e fo re J a n u a r y , 1 8 8 5 , a n d w h e re the o r d in a r y
A N D E R S O N . — J. F. M cClave , Mayor.
re v e n u e s, to g e th e r w it h 1 p e r ce n t o f the ta x a b le p ro p e rty , a re n o t suffi­
T h is c it y is th e c o u n t y se a t o f M a d is o n C o u n ty . ’
c ie n t fo r c o m p le t io n — in s u c h cases, a n d w h e re th e e x ig e n c ie s a b so lu te ly
LO AN S—
When Due. W a t e r d e b t (in c lu d e d )..
$ 1 8 ,5 0 0
F u n d i n g 6 s, $ 5 0 0 ......... Ja n ., 1 8 9 4
T o t a l d e b t i n 1 8 8 7 .......
d e m a n d it, b o n d s n o t to e xcee d 1 p e r ce n t o f v a lu a t io n i n a d d it io n to
22,000
S c h o o l 5s, $ 2 2 , 5 0 0 ........
1 9 2 0 A s s e s s e d v a lu a t io n ......
p r e v io u s d e b t m a y b e issu ed .
2 , 2 4 8 ,4 5 5
W a t e r 6 s, $ 1 8 , 5 0 0 . . . Ja n ., 1 9 0 4 -’1 9 A c t u a l v a lu a t io n ......... 5 ,0 0 0 , 0 0 0
L im it o f one p e r eent cannot b e e xcee d ed except f o r tem porary loans in T o t a l debt, M a y , 1 8 9 1 ..
$ 4 1 , 5 0 0 C i t y t a x r a t e ( p e r $ l , 000 ) $ 1 2 - 5 0
a n y c o u n t y h a v i n g a v o t in g p o p u la t io n o f t w e n t y t h o u s a n d ; t e m p o r a ry In t e r e s t p a y a b le i n N e w Y o r k , b y P o p u la t io n