A Compilation of the Messages and Papers of the Presidents - Volume 7, part 2: Rutherford B. Hayes by James D. (James Daniel) Richardson
page 72 of 392 (18%)
page 72 of 392 (18%)
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The report of the Commissioners shows that the affairs of the District are in a condition as satisfactory as could be expected in view of the heavy burden of debt resting upon it and its very limited means for necessary expenses. The debt of the District is as follows: Old funded debt $8,379,691.96 3.65 bonds, guaranteed by the United States 13,743,250.00 _____________ Total bonded debt 22,122,941.96 To which should be added certain outstanding claims, as explained in the report of the Commissioners 1,187,204.52 _____________ Making the total debt of the District 23,310,146.48 The Commissioners also ask attention to the importance of the improvement of the Potomac River and the reclamation of the marshes bordering the city of Washington, and their views upon this subject are concurred in by the members of the board of health, whose report is also herewith transmitted. Both the commercial and sanitary interests of the District will be greatly promoted, I doubt not, by this improvement. Your attention is invited to the suggestion of the Commissioners and of the board of health for the organization of a board of charities, to have supervision and control of the disbursement of all moneys for |
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