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Comparatire exhibit of the funded indebtedness of the District of Columbia, Sc.-Continued.

Kind of bonds.

Outstanding,

as per ex
bibit. De. Since retired.
cember 1,
1874.

Outstanding,

December 1, 1876.

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Of the late corporation of Washington--Continued.

Three-year (Emery) coupon-bonds, issued under an act

of Congress, approved July 7, 1870; 7 3-10 per cent. cur.
rency interest.......

$3, 100 CO Five-year (Emery) coupon-bonds, issned under an act of

Congress, approved July 15, 1870; 7 3-10 per cent. cur. :
rency interest.....

192, 450 00 Registered stock, act August 19, 1828; 5 per cent. cur. 1

rency interest ..... Registered stock, act October 25, 1843; 6 per cent. cur. rency interest..

685, 517 22 Registered canal-stock, act April 14, 1847; 6 per cent. currency interest....

48, 800 00 Registered water-stock, act June 2, 1859; 6 per cent. cur. rency interest ..

85,777 00 4, 221, 851 2

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191, 800 00 650 00 1, 807 00

53, 000 00 517 22 685, 000 00 ............ 48, 800 00

85, 777 00 1, 339, 301 222, 942, 550 00

Making

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The commissioners of the sinking-fund have in hand the following assets, which if disposed of and applied would still further reduce the amount of debt, to wit: Cash to meet outstanding five-year Emery certificates, (past due)...........

$650 00 Chesapeake and Ohio Canal bonds, par value ....

.. 75, 000 00 Washington and Alexandria Railroad bonds, (in litigation,) par value.........

...... 59, 000 00

*****

Amount of fifty-year 3.65 bonds, issued under an act of Congress approved July 20, 1874, to December 1, 1876..

... $13, 743, 250 00

MOSES KELLY, Treasurer. OFFICE OF THE COMMISSIONERS OF THE SINKING-Fuxi,

WASHINGTON, December 1, 1876.

Estimate of funds required to pay interest on the funded indebtedness of the District of

Columbia (not including the fifty-year bonds) for the fiscal year ending June 30, 1878. For interest on $4,000,000 00 6 per cent. (gold) bonds, issued under act

of July 10, 1871....................... $240, 000 00 For interest on 670, 000 007 per cent. (currency) bonds, issued under

act of June 23 and 25, 1873; permanent
improvement..............

46, 900 00 For interest on 152, 400 007 per cent. (currency) bonds, issued under

act of August 23, 1871; market-stock... 10,668 00 For interest on 446, 000 007 per cent. (currency) bonds, issued under

acts of July 25, 1871, and June 26, 1873,
water-stock ...........................

31, 220 00 For interest on 1,950 00 7 per cent. (currency) bonds issued under

act of June 26, 1873; county school.... 136 50

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For interest on $1,150 000 006 per cent. (gold) bonds, issued under act

of May 8, 1872; Washington City fund

ing .... For interest on 660, 000 00 6 per cent. (gold) bonds, issued under act

of June 20, 1872; Washington City

funding........ For interest on 285, 000 006 per cent. (currency) bonds, issued under

act of July 27, 1868; ten-year bonds.... For interest on 53, 000 005 per cent. (currency) registered quarterly

stock of late corporation of Washington. For interest on 685, 000 006 per cent. (currency) registered quarterly

stock of late corporation of Washington. For interest on 48, 800 00 6 per cent. (currency) registered canal-stock

of late corporation of Washington...... For interest on 179, 372 00 6 per cent. (currency) registered quarterly

stock of late corporation of Georgetown. For interest on 20,000 00 6 per cent. (currency) registered quarterly

stock of late corporation of Georgetown. For interest on 30, 804 21 6 per cent. (currency) registered quarterly

stock of late corporation of Georgetown. For interest on 20, 000 00 8 per cent. (currency) registered quarterly

stock of late corporation of Georgetown. For interest on 2,500 00 7% per cent. (currency) bonds issued under

act of June 26, 1873, steam force-pump.

39, 600 00 17, 100 00

2,650 00 41, 100 00

2,928 00 10,762 32 1, 200 00 1,848 25 1,600 00

182 50 516, 895 57

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...... $518, 360 88 .......... 516,895 57

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MOSES KELLY,

Treasurer. OFFICE OF THE COMMISSIONERS OF THE SINKING-FUND,

November 30, 1866.

The District of Columbia in account with the commissioners of the sinking-fund.

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IV.- REPORT OF THE COLLECTOR.

COLLECTOR'S OFFICE, DISTRICT OF COLUMBIA,

Washington, D. C., December 1, 1876. Hon. COMMISSIONERS FOR THE DISTRICT OF COLUMBIA :

GENTLEMEN : In accordance to request the following detailed statement of the transactions of this department since date, December 1, 1875, of last report is herewith submitted :

Receipts from December 1, 1875, to December 1, 1876.

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From general taxes for Washington City for year ending June 30, 1377.
From general taxes for Georgetown for year ending June 30, 1077......
From general taxes for Washington County for year ending June 30,

1877 ..........
From personal taxes for Washington City for year ending June 30, 1877.
From personal taxes for Georgetown for year ending June 30, 1877.....
From personal taxes for Washington County for year ending June 30,

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From general taxes for Washington City for year ending June 30, 1876.
From general taxes for Georgetown for year ending June 30, 1876......
From general taxes for Washington County for year ending June 30,

1876 .............................................................
From general taxes for Washington City for year ending June 30, 1875.
From general taxes for Georgetown for year ending June 30, 1875......
From general taxes for Washington County for year ending June 30,

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1575

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From general taxes for Washington City for year ending June 30, 1874.
From general taxes for Georgetown for year ending June 30, 1874......
From general taxes for Washington County for year ending June 30,

1874...............
From tax liens for year ending June 30, 1873..........
From tax liens for year ending June 30, 1872............
From licenses..................
From arrearages of taxes, corporation of Washington
From arrearages of taxes, levy court .....
From special taxes, corporation of Washington .......
From water taxes, (advertised)........
From advertisement, 1876........
From advertisement, 1875 .....................
From advertisement, 1872 .............................
From permits .........
From paving Pennsylvania avenue.......
From advertisement November 18, 1874, on account Pennsylvania

pue scrip.......
From Center Market .......
From Eastern Market ....
From Northern Market ...........................
From Western Market ..........
From Georgetown Market .....
From Farmers' and Butchers' Market, Georgetown.....
From deposit on account of tax sale June 29, 1875...
From redemptions on account of tax sale June 29, 1875
From redemptions on account of tax-lien sales...........
From deposit on account of tax-lien sales Jan. 3, 1876.......
From deposit on account of tax sale June 13, 1876.........
From redemption on account of tax sales June 13, 1876.....
From advertisement by register, Washington County, 1869......

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Total amount received......

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1, 126, 591 14

Of the above amount, received by the District of Columbia through this office, the following amounts are received on account of trust

funds, and paid over, as soon as received, to the parties, on demand by the auditor : Tar-lien certificates, as exhibited by records of auditor's office ....... $16, 149 73 Arrearages, corporation of Washington.........

9, 229 80 Arrearages, levy court.......

1,534 24 Special taxes, corporation of Washington..........

26, 599 36 Paving Pennsylvania avenue.............

2, 453 96 Redemption on account of tax sale June 29, 1875...

6,785 30 Redemption on account of tax-lien sales......

3, 276 87 Redemption on account of tax sale June 13, 1876..

48 45

Total amount ....

66,077 71 The total taxable real estate in the District for the fiscal year ending June 30, 1876, as sbosen by the superintendent of assessments and taxes, by the footings of the general tax-books, isWashington City.............

..................................................... $78.818.934 Georgetown .......................................................... 5,849 317 Washington County, or District of the two cities.......

......... 8,784, 433 Total valuation ............

....................... 93, 452, 684 The uniform levy of one and a half per cent. upon the above amount of

assessed valuations shows the aggregate amount of tax to be........ $1,401, 790 26 Of wbich amount of tax, payable in two installments, there was collected

prior to December 1, 1875, (from October 4 to December 1, 1875)...... 560,527 26 Since December 1, 1875, on account of above levy, (for year ending June 30, 1076,) there bas been collected to December 1, 1876 ......

631, 191 11 Balance due on account of said levy.

210,071 89

Of the levy for year ending June 30, 1876, about eighty-five per centum has been collected, which percentage, compared with the collections of previous years, indicates favorably the acceptability of the installment system of collections.

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Of the amount of arrears of taxes exhibited in report of December 1,

1875, to be........................................................ $1,218,428 91 There was estimated to be about twenty-five per cent. of special tax, leaving a balance of ..............................................

913, 821 68 There has been collected since that date the following amounts: On account of taxes for year ending June 30, 1875...

129, 487 22 On account of taxes for year ending June 30, 1874 .........

57, 382 78 On account of taxes for year ending June 30, 1873 ...........

21, 350 19 Artearages of general tax for previous years due corporation of Washington....

9,429 80 Arrearages of general tax for previous years due levy court, (Washington County)....

1,534 24 Arrearages of water tax, (advertised.) estimated...

7, 730 26 On account of cost incarred in advertisement, June 29, 1875..

8,703 66 On account of advertisement, October 14, 1872......

59 73 Leaving a balance on account of arrearages of tax reported December 1, 1075

678, 143 80 A larger percentage of this arrear balance would doubtless bave been collected but for the extension of time allowed by Congress, (act approred June 12, 1876,) to June 29, 1877.

As the District of Columbia has, by reason of the want of bids suffi. cient at the tax sales under acts approved June 20, 1874, and March 3, 1875, become the purchaser for the amount of taxes and expenses accrued of a large amount of property by tax-sale purchase, and as the time for redemption allowed by law already extended one year will be terminated June 29, 1877, and only 20 per cent. thereof collected since date of last report; and as the la provides that in the event of said pron

erty not being redeemed within said period a deed shall issue to the District of Columbia, and thereafter the title to the same shall rest in the said District as in cases of individual purchase, a question will present itself as to the enjoyment or use of this property so acquired by the the District, and whether any power will be given whereby the same can be sold by the District. Questions have already been raised as to the assignment of the District's purchase to others. Your attention is called to this matter with the view of securing for the District whatever of legislation may be deemed best under the circumstances. A considerable portion of this arrearage is due on property of which portions have been transferred to others, who are ready and willing, in many instances, to cancel these arrearages of tax-accounts against their individual parts, but are estopped by reason of a lien certificate, specialtax certificate, or tax-sale certificate having been issued against the original lot, whereof their property is only a subdivision. In order to meet this exigency it is recommended that power be granted in every case where the District of Columbia holds any of these certificates to make equitable division of such arrearages of tax, costs, accrued interest, penalty, and other expenses. And in order to prevent a like em. barrassing contingency, that legislation be asked for the benefit of the District, whereby all transfers by conveyance be forbidden record until a certificate of the collector shall be given setting forth the payment of all taxes on his books against such property about to be transferred. A large amount of arrearage is still maintained and extends for years backward on some properties; and in order to facilitate the collection of said arrearages of tax, and to form a secure basis by wbich they may be collected, and that the condition of real estate in reference to such taxes may be known, the following is recommended :

First. That all the general taxes for the past years to the present fiscal year ending June 30, 1876, inclusive, be collected, together with all special taxes, of whatsoever character, levied by the late corporation of Washington, and water-taxes advertised, with all accrued interest, penalty, costs, &c.

Second. That the sales for taxes made October 14, 1872, June 29, 1875, and June 13, 1876, togetber with all tax.lien sales, be noted.

Third. That the above be recorded in a book known as the “Arrearages of Taxes, Washington, D. C." The squares to be recorded in numerical order, stating to whom the property was assessed at the time the tax may have been levied, giving all reference to original tax-led gers, and information that may be deemed proper. That all payments on account of such taxes be posted in said book or books from the day. books of this office.

Fourth. That the attorney of the district or officer drawing deeds for unredeemed property purchased at tax.sale be required to transmit to this office a record of all deeds issued on account of all tax sales, stating the date of issue and day of sale, together with the names to whom the property was assessed and to whom the property is deeded, for proper record in this office. And in order that the above suggestion may be carried out, it is recommended that a sufficient amount be apportioned to do said work. This is recommended at the suggestion of many attorneys and others, parties interested in land records, and is due to all tax. payers and individuals about to purchase, that they may have a correct knowledge of the state of taxes on the property in which they may be interested.

Tbe quarterly exhibits of interest due on account of the funded debt stock of the late corporation of Washington and Georgetown, D. C.,

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