APPENDIX B.—Summary statement showing the amount paid, &c.—Continued. December 1, 1875, to APPENDIX C.-Statement of appropriations made by Congress, showing balances on hand Title of appropriation. Balance to credit Decem ber 1, 1875, or amount Amount expended from Balance unexpended No. vember 30, 1876. Payment debts fire department, act June 23, 1874. $49 217 35 $217 35 Pay a portion general expenses District of Columbia, act March 3, 1875 885, 631 00 885, 631 00 Pay a portion general expenses District of Columbia, (deficiency,) act Relief of the poor, act March 3, 1875 Maintenance fire department, act March 3, 1875 Maintenance fire department, act July 31, 1876.. $49 296 31 400 00 25,000 00 25, 000 00 4 00 292 31 400 00 25,000 00 25,000 90 ALD.TOR AND COMPTROLLER'S OFFICE, DISTRICT OF COLUMBIA, Washington, December 2, 1:76. 936, 545 15 936, 252 35 292 80 JOHN T. VINSON, Auditor and Comptroller. III.-REPORT OF THE COMMISSIONERS OF THE SINKING. FUND. OFFICE OF THE COMMISSIONERS OF THE SINKING-FUND, Washington, D. C., November 29, 1876. GENTLEMEN: The operations of this office since our last report have been as follows: Of the 3.65 bonds issued underact of Congress approved 20th June, 1874, Making total issue to date... $12, 056, 300 1, C86, 950 13, 743, 250 Of the special-assessment 8 per cent. bonds secured by assessment on $1, 142, 650 143, 950 Leaving amount outstanding 998, 700 No interest has been paid on these bonds since the 1st of July, 1874, but in receiving them in settlement of assessments interest is allowed on them to the date of such payment. There are in the hands of this commission, as security for the ultimate redemption and extinction of the above-named amount of bonds, assessments amounting to (exclusive of the interest due on them).... To this should be added the amount of bills recently issued and remaining unpaid, for which certificates will be deposited with us Making a total of Of the funded debt of the District of Columbia there was outstanding at the date of our last report .... $755, 087 98 481, 669 72 1,236,757 70 $8,441, 113 43 $7,300 00 2,550 00 7,100 00 2,300 00 This has since been reduced by redemption of bonds, as follows: And of stocks, as follows: Corporation of Washington 5 per cent. registered stock.... 300 00 12, 150 00 1,807 00 Leaving outstanding at this time...... 35, 537 22 8,405, 576 21 The bonds referred to above, as well as coupons paid to date, have been sent to the Secretary of the Treasury to be destroyed by burning, as required by law. The interest of the various obligations of the District, as above stated, has been promptly met from funds turned over to us from your honorable board. The early attention of Congress should be called to the necessity of appropriate legislation to carry out the pledge upon the part of the United States in section 7 of an act of Congress approved June 20, 1874, entitled "An act for the government of the District of Columbia, and for other purposes," and to prevent default or delay in the payment of the interest on the bonds authorized by said act, which interest is by an act approved February 20, 1875, (amending said act of June 20, 1874,) made payable at the Treasury of the United States. Permanent provision should be made for the payment by the Secretary of the Treasury of the interest on these bonds (known as the 3.65 per centum bonds of the District of Columbia) as the same matures. We beg to renew our recommendation that the functions of this commission be transferred, by appropriate legislation, to the Treasury of the United States, where the funds of the District are now kept, its securities finally destroyed, and where the transfer of the 3.65 bonds is now made. The operations of this office for the past year show a satisfactory steadiness in the financial affairs of the District, economy in the management of its affairs, and a gradual approximation to that simplicity of financial method which should, in our opinion, characterize the transactions of this District. We transmit herewith an estimate of the amount required to pay the interest of the funded debt for the next fiscal year, showing the amount required to be $516,895.57, or $1,465.31 less than last year; of which amount $348,600 is gold and $168,295.57 currency. The interest on the 3.65 bonds being paid directly from the Treasury of the United States, as ordered by Congress, no estimate therefor is submitted by us. HORACE J. FROST, Secretary, for Commissioners of the Sinking Fund. To the Hon. COMMISSIONERS OF THE DISTRICT OF COLUMBIA. Comparative exhibit of the funded indebtedness of the District of Columbia and of the late corporations of Washington and Georgetown, December 1, 1874, and December 1, 1876. Kind of bonds. Outstanding, as per ex hibit, De- Since retired. Outstanding, December 1, 1876. Of the District of Columbia Permanent-improvement coupon-bonds, issued under an act of assembly, approved July 10, 1871; 6 per cent. gold interest... Permanent-improvement coupon-bonds, issued under acts of assembly, approved June 23 and 25, 1873; 7 per cent. currency interest. Chicago-relief coupon-bonds, issued under an act of assembly, approved October 18, 1871; 7 per cent. currency interest Market-stock coupon-bonds, issued under an act of assembly, approved August 23, 1871; 7 per cent. currency interest Water-stock coupon-bonds, issued under acts of assembly, approved July 20, 1871, and June 26, 1873; 7 per cent. currency interest County-school coupon-bonds, issued under an act of assembly, approved June 26, 1873; 7 per cent. currency interest Making Of the late corporation of Washington- gress, approved May 8, 1872; 6 per cent. gold interest. 1, 150, 000 00 est Ten-year (Bowen) coupon-bonds, issued under an act of Congress, approved July 27, 1868; 6 per cent. currency interest 1, 150, 000 00 1,650, 000 00 |