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TREASURER'S BALANCES ON HAND MARCH 2I, I906.

Conceding that it is our duty to rejoice over any permanent
improvements which have been made during the years named as well as
any owned before that time, and for the moment leaving out of con-
sideration the question of our bonded indebtedness and indebtedness
in the shape of notes and open accounts, we can but observe with
serious concern that in the years named we have so drifted or tided
our municipal affairs as that the financial status has changed from
one of $I05,597.03 on hand March 2Ist, I900, to $66,879.22 less than
nothing on hand March 2Ist, I906.

We enter upon the new fiscal year with an overdraft as just
stated, upon which we pay interest of eight per cent per annum. The
City Assessor and Collector informs me that the taxes of last year
have been collected up close4 an has been the custom heretofore. So
but a small amount can be hoped for from that source util next
October, the beginning of the collection of taxes of I906. We cannot
tell exactly what will be needed to meet the expenses of the city
government from now until October Ist next. But to put before your
minds some idea of what additional sum will have to be added tothe
present deficit (if the bank will generously lend us the money), I give
here a statement of the expenditures in I905 between April Ist and
October Ist, presuming that the amount required from April Ist to
October Ist this year will be about the same as last year:-

DISBURSEMENTS FOR SIX MONTHS, FROM APRIL TO SEPT. INCL. ,I905.

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