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Biloxi Daily Herald Newspaper Archives Nov 26 1935, Page 5

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Biloxi Daily Herald (Newspaper) - November 26, 1935, Biloxi, Mississippi Fat Kodat afternoon november 39, 1935 the daily Herald a a it Post and Biloxi. Mississippi coast�?1 Biloxi news paragraphs tonight Saenger in old a a Ucko wednesday Saenger in old Kentucky. I.i<-ns�?12 05. I. 0. O. F.�?7 30. K�k�?7 a. King s daughters Library Fri it cake Fiu it cake the very fax it it 35c Pound Good fruit cake 25c Pound la yer cake. 20c to 5<>c tar a in All the wanted flavor. I of. Haze 9-. I Ltd a kinds each / it. Of Dpi to All Between oct in Spring and Gulfport daily the Blix i bakery adrb26 2t Pant 430. So Ity holds eting the Delta Beta Sigma sorority will me saturday afternoon at the Home of mias Mary Jane Hazlitt on West Beach and completed arrangements for their dance Christmas eve. In the Buena Vista Pavilion from 8 45 to 11 45. Pictures taken of the chapter and also of the president Anita Brandt for the Beta. Whilt his Delta Beta Sigma Magazine. Gordon Dacey sponsor was present at the meeting which was Well attended. I h the exception of miss Anneli Brielmaier who was sick and unable to attend. The sorority will meet with miss Peggy Welch on is no in Street next saturday afternoon at 2 o clock. Freb ,, Choice fruit and Vij nth la a. The Best at Market in to at sanitary Market a Lez it Quot trl Corner. Advb26 it mrs. Robert h. Pringle left this tur Kevic Chickene. A rain for n Quot a 0r5<ians will visit her Mother and brother mrs. John Allison and Jack Allison of he week. Garden Cli b meets Biloxi Garden club met with mass Ruby Earle on monday afternoon in the Home if her sister mrs. L. F. A nil. On West Beach near Beau voir. Roll Call was answered with present activities in the gardens these including planting Phlox and Larkspur seed plants making bulb Beds and putting out Shrub and Rose cuttings. Miss Earle gave the paper a it a these tardy Flowers Are native of South America and were Intro a iced into cultivation in 1823 mrs. Thomas a Quot uld of California has developed the finest varieties of petunias now grown. Articles from Quot House and Garden Quot on Quot Oriental poppies Quot and Quot Rose gardens Quot formed the Magazine review Given by mrs Jam d. Barbee. A social hour followed the program and the hostess served delightful refreshments assisted by mrs. Henry Hosford. Legal Holiday. Thursday november 28, 1935, thanksgiving Day. There will be no business transacted by us of this Day. Peoples Bank of Biloxi first National Bank of Biloxi. Advb20 2t the fortnightly club has postponed its second meeting of the month until thursday it next week a this second mating would fall in thanksgiving Day. Fruit cake fruit cake the very Best 35c Pound Good fruit Oak 25c Pound layer cakes 20c to j50c each in All the wanted flavors. Pies Large 0-Inch, All kinds each 20c. We deliver to All Between Ocean Springs and Gulfport daily. The Biloxi advb26 2t phone 430. Miss Carolyn Mckellar of Memphis is the great of or. And mrs. Dewey Reagan for the week. Miss Mckellar spent All of last summer Here having Many friends among the younger set. P. W. Yeager Mobile was in Biloxi yesterday on business with Ray Astleford of the Biloxi Battery company. Artist returns William s. Robinson of old Lyme conn., who spent a few months Here last year sketching reached Biloxi it it a sunday for another visit expect in to be Here All Winter. Or. Robinson is again a guest at Laurel inn. A Quot bring Here last Spring he motored through Florida sketching As he went and returned to his Home by Way of the East coast reaching there abut May 1. He held an exhibit of his Biloxi pictures at Lyme during the summer season. Leaving connection a month ago he stopped in Williamsburg w. A. Where he sketched and then came directly to Biloxi. He states that he likes Biloxi better than any place he has been recently enjoying the natural Beauty and sketching possibilities of the coast. Biloxi audit is completed continued from first Page Launa Lawrence tax collectors collection for which no Legal settlements have been made 42.798.51 state tax collector j. B. Gully and Deputy Adams ques Issue dated authorized total issued nov. 1st, 1933 .$35,000.00 $25,245.00 sept. 19th, 1934 45,000.00 45.0u0.00 totals .$80,000.00 70,245.00 Tio Nable commission .14,856.65 Harrison county Road tax to s-23-35 $4,-000.00 accrued at 1-7-35 7,494.10 Fri it so seafood. Turkeys chickens Choice fruit and vegetables. The Best at Market s lowest Price at sanitary Market Velez hotel Corner. Ndvb26 it or. George w. Wallace has returned to his Home in this City from St. Louis where be attended the convention of the american medical association. Thanksgiving dinner a Home cooked Turkey dinner. Thanksgiving Day 12 to 1 30 p. M. 60 cents. Foster House. Advb26 it or. And mrs. W. W. Cain of Hill Dale 111., arrived in Biloxi sunday afternoon for their 12th Winter and Are located at 172 main Street with or. And mrs. We. James. Announcing opening of w. A. Price s Seafri gtd House 122 Washington Street. Wednesday. Wed Neslav after nor. 27. Full line seafood. Moderate j or. And mrs. Frank e. Bowes will have with them on thanksgiving a Gay party of friends. Among these will be or. And mrs. Charles p. Knost and son of new Orleans who Are Price. Delivery to any phone 47. Part City. Advb25 2t but at Hoe we can a Ell you plumbing fixtures a cheap As mail order House. A. L. Mangin. Phone 916�. Advb23 3t special Turkey dinner thanksgiving Day with All the trimmings. 50c. Velez hotel cafe or. And mrs. R. A. Camp props. 1�e taxes 34 hour service yellow cab phone 1234, Biloxi a More Days today and wed. Noon or. And mrs. Harry j. Trasel ton of new Orleans and or. And mrs. C. D. Taylor of pas6 Christian will be Here for thanksgiving Day. Evelyn Lewis Circle the Mission study of Evelyn Lewis Circle was held with mrs. Bert Gutin on monday afternoon with 14 members and four guests mrs. J. C. Bal Ard mrs. Illing of Ocean Springs mrs. J. D. Slay wife of the new �?o6 to i pastor assigned to Moore Community House and mrs. Sidney Konz enjoying the meeting. This Circle will sponsor a play in one act Quot the night before Christmas 1 in the chapter House december 18. A free will offering will be asked for the local work of the Circle. The Mission lesson Quot the teaching of Jesus on human relationship Quot was conducted by mrs. Wiley j. Ferguson. The next meeting of the Circle will be held with miss May Harkness december 2. Miss Dorothy Hopkins left yester Day morning for St. Louis where she will visit with friends until after Christmas. She will then go to Chi Cago where she will again be occupied in Art and illustration lines to be any indefinitely. John Rogers funeral the funeral of John w. Rogers commander of the Ladnier Post american legion Ocean Springs who died at the veterans administration facility sunday night will be held at 10 30 a. M. Tomorrow from the Home in one an Springs Ith services at the first Baptist Church by Rev e. S. Barnes. Members of the Ocean Springs Post assisted by the Biloxi legion members will conduct services and military honors will be accorded the. Deceased with a firing squad from Battery of 114th Field artillery Biloxi. Advb2s 3t former Bilouian Dies in British Honduras word was received today by mrs Louis Lizana from Belise British Honduras of the death of her aunt sister Mary Louise Mccabe sister of mercy on november 20. She was a daughter of the late j. P. Mcclat 6 and lived in Biloxi before entering the Convent in new Orleans forty yers ago. She was buried in Belise on a november 21. His last and greatest picture the real will Rogers a a you like him Best a in a glorious Romance of pounding hoofs and racing heart Mellow with the humor that made him famous tourist get together or pot Luck i supper at the Community House thursday evening at 7 o clock. Tourists Are requested to bring own ser i vice sandwiches and doughnuts. Coffee will be served As usual. Will Rogers As you like him Best in old Kentucky Dorothy Wilson Russell Hardie Charles Sellon Louise Henry Alan Dinehart Bill Robinson added Phil Spitalney Orrin. Novelty Quot country mouse Quot cartoon Quot sporting nuts Quot oddity mat 28c night 44c our thanksgiving attraction the a. Amp Fri. Continuous showings the is. Thanksgiving Day 2 til 11 . Africa s first lady of Rugmar Marion Davies Page miss glory Pat o Brien a dict Powell to engr King s daughters meeting the King s daughters will hold their meeting at 2 o clock wednesday afternoon in their Home at the Library. Tickets on Sale downtown tickets for the Biloxi Gulfport football Quot game thanksgiving Day will be on Sale at Grants Quint a Eddie s and sue s drug stores. Minstrel wednesday night wednesday at 8 p. M. In the sacred heart auditorium there will be a minstrel under the auspices of the Saucier Doc Camp and the sacred heart alumni. It. Raiford is directing the program in which acc boys will comprise the cast. Judge Wink s court Albert Merrit a negro charged with being drunk and disorderly was fined $5 and costs when Given hearing before judge Geo. B. Wink yesterday. Cook Tremontana miss Josephine Tremontana. Daughter of or. And mrs. Joseph Tremontana and Julian Cook son of or. And mrs. Henry Cook were married sunday morning at 10 30 o clock in St. Michael s Church by father Hille Brand. A few relatives and friends witnessed the ceremony. The Bride was very attractive in d Brown outfit. The attendants were or. And mrs. Earl Cook brother of the Groom and sister of the Bride. The Groom is an employee of the county and the Young couple have Many friends in the Point Section. They will reside on Crawford Street. Following the ceremony there was a reception and dinner at the Home of the Bride s parents. Ethel Pihl s birthday Ethel Grace Pihl celebrated her ninth birthday with a party at the Home of her aunt mrs. Annie Benedict on Delauney and Jackson sunday afternoon. School and neighbourhood playmates enjoyed this party with her and brought her Lovely birthday present. Ethel Grace s Cousin miss Catherine Benedict assisted in entertaining these Young guests. Various games were played and prizes were won. By Betty Mangin Star Netherland and Lillian Demiller and each child was Given a favor. The Beautiful birthday cake and delicious refreshments were served in the dining room where a thanksgiving Motif was carried out in yellow. Ethel Grace s guests included Hulda Velma cousins Rose Marie Alexander Betty and Marraret Mangin. Lillian Catherine and Julia Demiller. Leola cum mings. Star Netherland Norman and Norbert Carnovale and Charles Pihl. After a very pleasant visit in Biloxi of ten Days j. F. Furlong left today for new Orleans where he will meet his wife and spend the next ten Days in the Crescent City before going to their Home in Shreveport. La. This was the second visit to Biloxi for or. Furlong. He brought his motor and fishing tackle a hid was successful in Landing a number of fish whip Here. He is so pleased with Biloxi and its people that he already has cent several visitors from Shreveport and expect to return soon. Presbyterian Circle Circle two of the presbyterian Church met with mrs. W. Leach on monday night with the largest numb r Ai tending in months. Besides old members two new members. Mrs. E. A. Brown and miss Virginia Favre. And visitor mrs. King enjoyed this Lively meeting. Final plans for their food Sale and Bazaar occupied the discussion. Clothing and other articles for the Palmer orphanage Box were brought and this Box will be sent this week. The hostess assisted by mrs. Cosman Eisendrath served Dainty refreshments after the business session. Saenger to get results of Biloxi Gulfport game the Saenger theatre will Flash the results of the Biloxi Gulfport game on the screen after every Quarter. The scores will be telephoned from the press Box at the fair grounds through the Courtesy of the daily Herald. This will be the first time in the history of the two schools that the theatre will have the results while the game is being played. Marion Davies in Page miss glory with Pat o Brien and Dick Powell will be the feature picture. Notre Dame army scene the Paramount news Issue playing thanksgiving Day and Friday at the Shenyer theatre Biloxi contains scenes of the notre Dame army thrilling football same with the nation on the debated pass slower Down. I veg choicest mince meat pumpkin Sweet potato and other kinds of pies Ever made to adorn that thanksgiving dinner table each 20c highest Grade mince meat on Mississippi coast. Layer cakes made equally As Good As the Best in All the special flavors and designs. Fruit cakes the Best Home made Grade in 1 to 5 pounds Der la. 50c Quot you taste the difference Quot electric maid bake shop 414 West Howard phone 14� Iti Loxi total .$6s.837. A sundry other Small claims Are tet out in this report and listed As Quot contingent assets Quot amounting to $43.50. Inasmuch As these claims will doubtless be adjudicated by the courts no comments Are necessary in this report. The condition of the records As they existed at the time the pres ent and Inin stration assumed office january 7th, 1935the refusal of exr it officers and employees to co operate in any Way with the writer or the present administration As commented upon n forme report the sence of the police court dockets record of cemetery de is. Bank statements and paid warrants for the month of december 1934, the almost entire absence of paid invoices or vouchers from the files of the City except those preserved by councilman Swanzy in the Street department which Are practically comple Teand the failure to properly show the allowance of accounts against the City on the minutes of the Board have made this audit most difficult. It has been impossible to ascertain the exact amount of floating debt of the City at january 7th, 1935. As Many claims Are a till being presented no record of which run be found on t Hgt books nor in the files of the City the statement of financial Condi Tion and the various statistical statements attached hereto while not entirely satisfactory for the reasons above stated Are the Best that could be compiled from the sources available. And reserves Are set up therein to cover items that May be later discovered. Cash receipts and disbursements the amount of such advances in the amount of $33,369.66 sundry accounts payable ascertained amounts. .42.638.59 and an estimated amount to cover accruals o interest and sundry items undiscovered of 5,000.00 making a total of current liabilities past due of .$s1,00s.25 Short Terra oblivion during the period under review. Certificates of indebtedness or Quot script Quot were issued As follows to pay indebtedness incurred current prior to 10-1-33 expenses $25,245.00 32.538.57 12,461.43 $37,783.57 $12,461.43 report has heretofore been made to you july 15th, 1935 relative to the manner in which these script or certificates were handled and a the matter will doubtless be thrashed out in the courts in one of the suits now being filed no comment thereon is advisable Here except to state that warrants have been drawn from the funds of the City to retire certificates of the november 1933 Issue As follows from general fund $45.00 from Cert of indent. Fund $13,250.00 $13,205.00 leaving a balance of ____$11,950.00 of the first Issue of $25.345.00 outstanding either in the hands of the tax collector or other Partis and of the Issue of september 1934, of $45.-000.00, refunding Bonds of 1934 amount to $11,000.00 were swapped with the Mississippi Power company for certificates leaving a balance of ,$34,000.00 of this Issue outstanding. In addition to the certificates of marines escort Roosevelt at warm Springs these United states marines shown in front of thar tents near the Quot Little White Houma Quot a a serving As an Quot honorary escort Quot to president Roosevelt during his thanksgiving visit to warm so rings a. They Are also a slating in directing traffic. The detachment composed of 67 marines earn to warm Springs from Quantico va., and is headed by col. L. C. Shepherd and capt Evans Carlson associated press photo 1939, and $4,300.00 plus interest on october 1st, 1940, the payments to be made out of the 2 per cent gasoline excise tax collections for seawall indebtedness the following Short term i pyre of see of Resolution obligations Are outstanding u. S. Government engineering department crippled children Hail chief dredging Harbor. Due in 1934. Shown under current past due liabilities $5,100.00 due in .1035 .5.100.00 due in 1936 5,100.00 attached hereto you will find analyses of the Cash receipts and disbursements of each fund and a general summary or consolidated statement of All receipts and disbursements for the period under review 10-1-33-1-5-35. These tables Are fully indexed on the first Page of this report. It will be seen from the general summary that there was a balance in All funds of the City exclusive of 1\ix collectors accounts with undistributed collections at october 1st. 1933 of $12,981.69. And at the close of january 5th. 1035. There was a net overdraft of $6,135.�7 in these funds showing an expenditure of $19,117.56 More than the receipts for the same period. Financial condition current liabilities past due a statement of the financial condition of the City As of january 7th, 1935. Close of january 5th, 1935 is attached. This statement is the Best that could be compiled under the circumstances. It will be seen that the present administration inherited a Treasury practically empty. The fund accounts of the City showing a net overdraft of $6.135.87. There was on hand undistributed in the tax collector s funds in the Bank $9,072.51, and in the Safe sundry envelopes paper sacks Etc. $582.95, total of $9,-655.46, making a net Cash balance on and of $3.519.59. There were due obligations outstanding As follows interest due december 1st, 1934, on refunding Bonds of 1934. Arrangement having been made with the Peoples Bank to Cash coupons As they were presented and to pay Sai l Bank 6 per cent interest per annul on Magnolia realty company for sea plane base due in 1935due in 1936total .$17,300.00 includes si2.374.03 of school certificates of 1932 in hands of tax collector and other. Bonded indebtedness of the Board of supervisors of Harrison county Mississippi attached. Payments were regularly made by Harrison county through october 1933, no payments having been made since that Date for the reasons that the Resolution above referred to required that the cancelled Bonds and coupons be $15 300 00 i surrendered to Harrison county As vouchers for the payments by the county when made and inasmuch As the Assumption of these Bonds was not Tak Ltd into consideration in the refunding program of 1934, and refunding Bonds series d were issued bearing different maturities from the Bonds assumed by the county without the consent of the county the first maturities of the refunding Bonds being june 1st, 1939, the county has refused to make further payments. As Harrison county holds approximately $79.000.00 of a refunded Bonds .1,000.00 .1,000.00 $2,000.00 i As of june 1st, 1934, the City is sued $1,641,000.00 of Quot Biloxi mis-1 of the Cutis issues of the City of Sis Sippi refunding Bonds of 1934&Quot to refund All outstanding Bonds of the City and the past due interest thereon. The schedule provided for the refunding of old Bonds with new bearing the same rates of interest the Only advantage accruing to the City being the deferred maturity Date of the new Issue Over the old ones. Honorable Myrant Adams Deputy state tax collector of Gulf port Mississippi. Was employed a fiscal agent of the City to negotiate the refunding of outstanding Bonds. He was to receive for his services 2 per cent commission on the Par value of Bonds refunded and was to pay for the expenses of printing the refunding Bonds court costs and fees of the state Bond attorney validating the Bonds and for the Legal services of honorable b. H. Charles St. Louis Missouri approving. Bond attorney up to january 1st, 1935 see m. B. 15, pages 302 and 303, december 17th. 1984. Or. Adams has made two reports his activities one As of january 1st, 1935, and one dated june 29th 1935 both of which have been audited by me. I have also inventoried the unissued refunding Bonds As of september 30th, 1935, and find that the refunding program is 87 per cent completed. I am attaching sundry schedules covering this matter As Well As summary of the ownership of a refunded Bonds As shown by the report of or. Adams to which you Are respectfully referred. It will be noted that no mention is made in the reports of or. Adams of the fact that in March 1930, har Rison county. Mississippi had assumed $98,900.00 of the general improvement Issue of 1923, agreeing to pay the City $8,600.00 of the Prin filial and interest on the diminishing balances at 5i per cent per annul on october 1st of each year through turkeys it live and dressed Quot buy at save yourself store Ana yourself store prop., j. J. Viator 1316 e. Howard Avenue phone 71, Biloxi hens fresh dressed la. 23cfresh pork link sub. 20csliced Bacone Morrell s Pride or a a Cudahy s Puritan la. Of around Steak Choice Western in . Ioc loin Steakly. 12v2cbeef roast choices from stall fed Bee feb. Ocbo led Ham. La. 35cwienerslb. 15cdubon peas no. Zar a regular 17c size .2 cans beets Stokely s no. 2 Oki can. 3 for Utas Paragus tips 1 pm a no. 2 Lov Heinz 14-oz. Catsup bottle 17clard, jewel or Scoco. 1 la. Pkg. 12%cpickles, sour or 55csalad dressing gallon 90c your order during the week brings you saturday specials. Biloxi some adjustment May no doubt be made of this matter. Your attention is also called to the fact the it the Issue of Biloxi general improvement Bonds of 1931, bore 5 per cent interest and that series Quot a Quot Biloxi refunding Bonds of 1934, in the amount of $68,000.00 issued to refund said general improvement Bonds of 1931. Bear 6 per cent interest. It seems that this discrepancy was. Known before refunds were effected but nothing was done about it. This will result in a loss to the City of i per cent per. Annul Over the life of the refunding Bonds which loss will amount to $5,210.00. In the report of or. Adams dated june 29th, 1935, at Page is certificate no. 295, he shows exchanges of certain Bonds with the Mississippi Power company. This certificate does not truly reflect the facts As the Mississippi Power company held no bond6 of the City but were the holders of $40, of certificates of indebtedness of the september 1934, Issue bearing 5 per cent interest per annul All due septem a 19th, 1936, $11,000.00 of refunding Bonds of 1934, were exchanged with the Mississippi Power company for $11,000.00 of the certificates of indebtedness this Exchange being in violation of ordinance to. 690, authorizing the Issue of the refunding Bonds of 1934, each Bond of the refunding Issue having been specifically pledged to refund a particular outstanding Bond no provision having been made to refund certificates of indebtedness which were Short term obligations and not authorized nor issued until subsequent to the Date of the refunding Bonds. Certain outstanding Bonds included in the refunding program were retired with Cash some were taken in on taxes without authority of lawetc., thus releasing the particular refunding Bonds pledged to them and these Bonds so released after several intermediate swaps in some instances were finally exchanged with the Mississippi Power company for certificates of indebtedness. As the Bond so exchanged have rates of interest varying from 5j per cent Quot to 6 per cent and the certificates bore Only per cent and some of the inter mediate exchanges were made by exchanging Bonds bearing one rate of interest for Bonds bearing a Lowe rate the City will lose in interest Over the life of the Bonds a Fly $1,000.00. Or. Adams has not been Able to explain All the intermediate transactions. But attached hereto you will find a detailed statement of the exchanges so far As could be ascertained from the records. From the attached schedule of maturities of refunding Bonds of 1934, it will be seen that up to and incl Udine the year 193>s. Approximately $91,500.00 will have to be met each year that in the year 1939 $121,427.50 will mature and from hat year on the maturities by somewhat each year Pink of $140.277.50 in the year 1945 the final maturities being Quot $.80.0,30.00 in he year 1964. The condition of the funded debt of he City at the time the refunding program a became necessary wins brought about to no smal extent by the failure of the City tax collector to observe the integrity of the annual tar Levy for Bonds and interest and the diversion of monies belonging to the Bond and interest fund to other funds. In the year 1930-31 alone $54,661.18 was thus averted. See 1930 Cash Book Page 106. Transfers were also made by warrant from the Bond and sinking fund to other funds without supporting order of the Board of mayor and councilmen the last Transfer being $3.500.00. On it. No. 315, december 24th. 1934, to the general fund and sed to pay salaries and other current expenses. Attached hereto and fully Joy that knew no Bounds not even wheel chairs and plaster casts seized Youthful patients at the warm Springs foundation when president Roosevelt arrived there to spend thanksgiving they Are shown waving their greetings to the president whom they fondly Call Quot the associated press photo indexed you will find sundry tables containing information relative to the refunding Issue of 1934. Water works department at the time the present administration assumed office january 7th, 1935 or. Julius Lopez manager and miss Althea Ott water rent collector failed to report for duty. Inasmuch As t he posting of the books of the department had not been completed and no final settlement effected for collections made especially As to collections of instalments on delinquent accounts and As the system of Ltd Ltd a untitled in Vogue in the department while very neatly kept by miss Ott was unnecessarily cumbersome intricate and difficult to audit much time was spent in examining this department. Or. Lopez refused to co operate in any Way but miss Ott. Upon invitation came to the City Hall completed the posting of the boobs and approximately balanced the Cas h. If credit is allowed for Sui by it bad checks Etc., taken credit for As Cash As a hot it in on statements hereto attached. The last Day s collections january 5th, 1935. Collections previously made on instalment accounts and not settled for and the bad checks Etc., were left in a tin Box in the Rafe which had to be opened by a drilling which could not at first to positively identified As belonging to the water works department. Identification of these items Walt established by miss Ott when she compleat d the postings of the books in june 1935. At thu time or. A Quot Pez was a to inn manager of the water works depart i or. F september 5th. 103.&Quot minute Root a 15. Page s4 a great a City. Instalments were thus carried. In the Cash drawer for periods varying Froza one month Quot to More than a year before any entry was made on. The Cash Book therefor $353.75 remaining on hand represented by Cash $238.59, bad checks �h>.19, and. School warrant $25.00at the close of business january 5th, 1935, for which no entry had been made on the Cash Book. Many water. Rent accounts remain in arrears the larger portion Quot of which appear worthless the total estimated actual value of All unpaid water rent of Otmis As of january 5th or 7th 1935, being considered As $3,<hxu�> in the Quot statement of financial condition of the while it is impossible to compile an accurate statement of operations from the rec ads of the City As they have been arranged to reflect rho tru amount of Revenue and sex Ponse applicable to each period statement is attached showing an approximate net. Earnings of $4,531.60 for the fiscal year 1933-34, after charging the proportion of interest n a my debt to the department �9.670.02 find a Reserve for depreciation $9.26 111�, and ? the department with the estimated value of the services Render the City for fire Protection Etc., $14.000.00. Inasmuch As tiie Reserve for. Depreciation and it each year i a not set Quot aside in Cash and the Bonds and interest applicable to the water department Are met out of the Bond and sinking fund of the City there is usually a surplus in the water works fund which from Quot time to time is transferred to or Quot borrow by various other funds of the number of Consumers account for water rents aggregating a Large i bal. To begin october 1st receipts. A Stan men of application of funds of the department for the period under review show follows from i it it -1- 3 10-1-31 to a 1-5-35 total $ 3.55.&Quot. 47 s.771.62 3.555.47 31.if, 7.m0.m 42,464.07 disbursements transfers to other funds. Balance at close. to other funds were Asimow general fund in Oci amp drainage fund school fund 10. 5n5.53 40,019.54 20 23 01 4, .490.7-s 24.724.79 17.974.02 12. It i>4.75 21,294.75 0.2oo.�� 10. 1�.700.00 8,771 <2 1,594.75 1.594.75 8,771 <2 1,594.75 1.594.75 amount were in arrears. Many of signed agreements to pay the amounts in arrears in instalments. When an instalment was later paid a Quot a and Quot receipt was issued the collection not entered on the of Book but kept in the Cash drawer until the final instalment w. Paid at which time a regular receipt a it uld be issued and the whole amount entered on the Cash Book. When a Check was turned Down by the Bank whether it had been received in payment of an instalment a current account or for any other purpose Cash would be taken from the instalment fund in the Cah River. And the bad cd Quot a a put in the Cash drawer in lieu thereof. Many $5.7<>0.oo 5.700.00 Quot it. No 1 ,<.�00.00 2v�.no- 0.00 13,000.00 200.00 1< a quote it .00 19,700.00 conclusion pro wanted compilations herewith Are Viritua of Gratis tip bearing of matters falling within the a Cope of this audit Quot not previously reported which May be of interest and value to you in which an attempt has been made to set out As clearly As May be done from such records As could be found in the books and files of the City the financial condition of the City and the various revenues and expenses of the departments of City government and your attention it respectfully called to these compilations. I shall be please to compile such other information As you May desire. A Quot a it be thu la submitted. Chas. J. Moore c. P. A

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