New Britain Herald Newspaper, May 17, 1916, Page 5

s NEW, BRITAIN DAILY 1P e e e T e HERALD, WEDNESDAY, MAY 17, 1016. New Britain Possesses Assets of $7.585,966 . City Property Is Valued at $6,611,414—Cash Represented By Funds Totals $233,8 61, Uncollected Taxes $118,731 and Sinking Funds $476,055. Hanford L. Curtis today issued his annual report as comptroller of the city. The balance sheet together with the detailed schedules is compiled as suggested by the federal government according to the most approved mod- ern ideas and incidentally, it may be remarked, few cities in the state do this. The capital assets of the city are placed at $6,845,275, of which the bulk is fixed properties and $233,861 various department funds. Current assets include uncollected taxes and water rents $137,088; special assess- ment $55,985; interest receivable $48,- 473; trust assets $467,055, largely bond redemption and bonds bought for sinking fund investment. Public trust funds, which include the police and firemen’s pension funds and the town deposit fund total $32,087, Of the city’s liabilities, the bonded debt of $3,608,000 is the largest item. Unremunerative property is valued at $1,673,881. Accounts payable include chiefly $1,562,219 under the heading of capital surplus. Current labilities total $740,691, represented by bonded debt, (refunding) and mayor's notes $105,000; accounts payable $10,758 and contingent $624,832. The balance sheet and detailed represented by the sinking fund for | schedules follows: CAPITAL Fixed Properties, (Schedule “A”).. Cash (Schedule “B")... . . Total Capital Assets CURRENT NBT) e iie e et s wiai weny Ll Cash (Schedule Uncollected Taxes (Schedule Prepaid Insurance Premiums Water Rents, Unpaid... . . . Accounts receivable (Due the City).. a2 Special Assessments Receivable. Sewer (Schedule “C”) Street (Improvement) Schedules “C Strect Sprinkling Schedule “C”.. On Real Estate Taxes.. On Sewer Assessments. . On Street Assessments. .. Interest Rceivable. 6,611,414.00 233,861.49 . $6,845,275.49 ASSETS. SE 1,521.08 118,731.78 11,304.68 4,538.70 9 992.49 137,088.73 41,438.69 12,377.21 2,169.41 55,985.31 37,399.72 8,7567.39 2,316.79 48.473.90 Trust Assets. {Sinking Fund for Bond Redemption In Sav- ings Bank Bonds Purchased for Funds . Certificates of Deposit. . Police Pension Fund.,. Subway Fund Fireman’'s Relief Fund Total Current Assets............. {For Exhibit see Report Board of CAPITAL LL Bonded Debt (Schedule “D™)... Unremunerative Property ACCOUNTS Bond Fund Warrants Outstanding. Sundry Creditors (Unpaid Bills) Capital Surplus (Schedule “E")... Total Capital Liabilities CURRENT LIA Bonded Dept (Refunding) (Schedule Bills Payable (Mayors Notes) Investment ol (Per Contra) $ 164,630.70 Sinking 801,000.00 1,425.11 467,055.81 11,429.69 2,110.08 7,731.26 10,816.42 $ 32,087.45 Finance and Taxation. $ 740,691.20 ABILITIES. .$3,60%,000.00 1,673,881.80 PAYABLE. 376.61 $1,562,219.23 ...$6,845,275.49 BILITTES. ) 5,000 30,100. $ 105,100. Accounts Payable, Subdry Creditors from Revenue....... Bond Interest (Funds) Coupons Outstanding Revenue Funds Warrants Outstanding .12 $ 10,758.36 Contingent. Town Deposit Fund (Per Contra Schedule “F”) Excess of Current and Trust Assets Total Current Liabilities.... ...8 10,816.42 614,016.42 ..$ 740,691.20 Schedule ‘A" (Inventory of City Property.) Remunerative and realizable. Municipal industries (wa- ter work) Real estate, buildings and equipment $2,800,910.46 Municipal ice plant Real estate, buildings and equipment Municipal building City hall, tenement property, land, machin- ery and equipment ... Sewer disposal plant Real estate, buildings and equipments Cemetery property, land and dwelling houses .. $3,173,910.46 Remunerative but unrealizable Subways 332,170 lineal conduit; 49138 feet of laterals, manholes, Tools and machinery 275,000.00 50,000.00 43,000.00 feet of lineal 440 67,625.12 900.00 $ 68,525.12 Unremunerative but realizable Police department Real estate, building and equipment 3 Fire department Real estate, buildings and equipment Street department Real estate, buildings and equipment Recreation Parke, swimming pools and bath houses Education School property, land buildings and contents 1,277,015.77 Publiec charities Municipal farm, build- ings, contents, live stock office equipment, provi- sions, etc. Cemeteries Unsold lots, buildings and equipment 39,260.00 139,764.00 11,309.94 488,652.69 73,835.44 33,750.00 $2,063,588.84 Unremunerative and unrealizable Sewer system Storm, sanitary, line, real estate equipment Street crossings .... pipe and .$1,300,339.58 5,000.00 $1,305,389.58 Schedule “B”. Cash on hand April 1, 1916. ‘Water fund . School fund . Park funds Subway fund .... i Municipal building fund Improvement fungd . Cemetery fund .... Municipal ice fund 44,759.86 36,656.59 29,729.94 8,430.93 1,334.14 6,566.35 4,811.86 2,754.66 Total $233,861.49 Available for general purposes. Street (including lighting and sprinkling, fire, po- lice, health, charities, in- terest and other sources) 1,114.36 $ 1,114.36 In hands of departments, Water departments Charity department Tax collector .8 119.03 68.71 218.98 406.72 Total $ 1,521.08 Schedule “C.’ Uncollected taxes and assessments. General Tax: City, collectable City, uncollectable Old Town, collectable Old town, uncollectable Assessments: Sewer assessments, lectable Street sprinkling, assess- ments, collectable Street imp. ass'mts col- lectable ... ceee ..$ 112,357.25 37,450.09 6,374.53 51,017.36 col- .89 2,169.41 12,377.21 $ 263,184.5a 88,467.45 Uncollectable ... Net uncollected, 31, 1916. March 3 $ 174,717.09 Mostly military and poll, together with some business and property taxes where the parties have left town or died. Schedule “D.” Bonds issued for city outlay. For schools .$ 1771,000.00 For water works 1,176,000.00 For subways 161,000.00 For sewers 1,125,000.00 For municipal building . 215,600.00 1D6F TR G6e00 6000 121,000.00 For sireets 50,000.00 $3,608,000.00 Bond issue for current outlay. Refunding 75,000.00 Bills pay: notes) 30,100.00 Available only for capital outlay Sewer fund ............$ 98,817.16 Capital surplus. Surplus at beginning of year .... ....$1,675,646.59 Adaditions: Purchase of fixed prop- erties from revenue funds oo Capital obligations at beginning of year paid with revenue funds l 33,595.46 4,000.00 Total additions ......$ 37,595.4% Deductions: Sales of fixed properties reserved from revenue funds to pay for acquired assets Capital funds transferr- ed to revenue funds. Adjustments of ac- counts of prior periods 24,000.00 168.10 24,168.10 Total deductions Excess of additions Capital surplus April 1, 1916 c... ....$1,562,219.28 Schedule Contingent liabilities, town deposit fund. Now a liability but eventually will become a permanent asset. In 1836 the Federal government ap- propriated to the several stated sur- plus funds from the treasury for which it had no immediate use. The state distributed the amount among the various towns for school purposes and since that time, the income has the town and city. It amounts to approximately $10,816.42, but if the investments, which are mostly stocks, should be sold, the fund would be muth larger. Receilpts From General Revenue for Current Expenses and Bond Issue For Capital Outlay. For year ending March 31, Town and City Clerk’s office Tees . Dogs taxes ... Municipal building . Law and Courts Fines and costs liquor licenses Safety Inspection and permits . Highways Streets, sprinkling improvements Sanitation Sewer assessments, bond issue Public Service Enterprises Subways . Water rents Cemeteries . . Municipal ice plant . Charities, Miscellaneous Education v Bond issue and miscel- laneous receipts ..... Recreation Parks Taxation General 1916. 3,617.20 20,81 and 50,134.12 172,466.79 12,344.56 5,481.45 10,695.12 257,328.72 5 39,219.26 799,544.70 Fersonal 19,450.00 Special Accounting Credits. (Miscellaneous Objects) Cash on hand April 1, 1915 . Income from city prop- erty ke Interest .. Tax on bank and insur- ance stocks .. Revenue loans Miscellaneous sources § $1,669,512.40 EXPENE . General Government, Expense of legislation ..$ Executive offices Financial officers Law and courts Miscellaneous executive officers Elections ceene Miscellaneous autlays 1,280.93 Municipal building 10,882.73 General Municipal Expenditures. Highways (streets) ....$ 143,072.73 Protection of life and property Health and conservation Sanitation Charities Education Recreation Public prises Expense of debt obliga- tions (Int. act.) Payment of debt obliga- tions (Bond Act.) Miscellaneous, temporary payments To sinking funds To local institutions . To public trust funds ... To State of Conn (Taxes) To Hartford county (Taxes) Dog account Vital statistics c ‘Bounties . Gas, light and heat . Damages .. 5 Rewards 9,603.89 20,344.24 3,430.02 107,957.72 9,924.09 32,004.82 51,225.03 13,662.18 13,652.18 103,074.61 146,911.63 89,000.00 44,000.00 13,150.00 2,350.00 77,525.83 11,494.44 1,413.95 656.00 2.00 365.00 9,837.46 1,000.00 Total actual expendi- tures $1,375,430.02 Miscellaneous accounting debits Re-expended tions Transferred funds appropria- 19,150.00 11,200.00 Total re-expended $30,350.00 FOURTEENTH ANNIVERSARY Leading Star Lodge Observes Event With Fitting Exercises. Leading Star lodge, Order Shep- herds of Bethlehem celebrated its fourteenth anniversary last night at Electric hall. After the business meeting the following program. was enjoyed, ‘I Found You Among the Miss Mary Zaches accom- d by Miss Ethel Mount. Song—"‘Somewhere a Voice is Call- ing Me,” Miss Florence Fay accom- panied by Miss Ethel Mount. Song—*"When Its Twilight 'Neath the Old New England Hills,” Miss Mary Saches and Miss Verena Froy accompanied by Miss Ethel Mount. A whimsical comedy entitled, “Don’t S$it On My Hat” by Harold Swift, Miss Margaret Reagan, Louis Sleath and Miss Ethel Mount. After the entertainment supper was served. The evening was congaded with dancing. been credited to the general fund of, No Tires average “LARGER,”— —taken Type for Type,—and Size for Size,—than Goodrich Fair-List Tires § WILSON SEES U.S. AS PEACE MEDIATOR Says We Should Refrain From, War to Act as Adjuster vein along this Washington, May 17.—[n the speech | he delivered at the National Press | club Monday night—a speech full of intimate human Wilson indicated that if the country did not keep out of the European war there would be nobody to find the so- lution of the great problem confront- ing the world when the war was over. His remarks in this connection strong- ly suggested that this government could not be as able to help in the ad- justment following hostilities if it be- came a participant in the struggle. The whole tenor of his statement con- veved the opinion that the belliger- ent nations would not ve able to make the adjustment themselyv have to obtain the help of neutrals. “If somebody does not keep the processes of peace going,” said the president, “if somebody does not keep their passions disengaged, by what impartial judgment and suggestion is the world to be aided to a solution when the whole thing is over? If you are in a conference in which you know nobody is distinterested how are you going to make a plah? you, gentlemen, the only thing that touches—President saves the world is thz little handful of disinterested men that are in it.” The speech was delivered with the understanding that it was a confiden- but would | | that, since the rest of the | have anything to do with the 1 I tell | . . { would be in a superior position 7 g OU can pay 10z to 50% MORE than Goodrich Fair-List prices, for other Fabric Tires of no better quality,—without averaging 1% MORE actual Mileage out of them! - ) You can accidentally Puncture, — or accidentally Ruin, —the highest-priced Fabric Tire that ever was frilled into Extravagance, —in the FIRST WEEK you use it! And,—you would have no more recourse (with such Extravagant Tires), than you have on these Fair-Listed Goodrich ‘‘Barefoot” Tires, which cost you one-third to one-tenth LESS, for self-same Service, plus more Resilience, —more Cling, Spring, and true Pneumatic quality. Now,—consider that Message, —for Thrift, Then note following pricesi— Goodrich “Fair-List” Prices BLACK “BAREFOOT" SAFETY-TREADS 30x3 $10.40 30 x 3% $13.40 32x 3% $15.45 33x4 $22.00 34x4 $22.40 36 x 4% $31.60 37x5 $37.35 38 x 5% $50.60 Ford Sizes THE B. F. GOODRICH CO. Akron, Ohio. “Black-Tread” Tires al is purer than it was, God only knows; but the fire has been there, the fire has penetrated every part of it, and, if I may believe my own the speech was devoted to some per- | thoughts, I have less partisan feeling, sonal touches, as for instance, how the | Inore impatience of party manouvre, ontire population of a town turned | more enthusiasm for the right thing, out whent he president appeared there | N0 matter whom it hurts, than I ever and how the president had seriously |had before in my life.”” thought of renting a pair ot whiskers | to serve as a disguise. Turns to Serious Things. After he had talked in a humorous Wednesday, June 21. examination must re by June 5. The secrets I. Albaugh, Pleasant Valley tial talk, not to be printed textually, but the president revised the tran- ipt of it vesterday and it was de- cided to give it to the pres: T'art of Wanted. Bids will received charge of the Dining and Counters, July 4, 1916, in ti tette Club and Rifle Club Par 18th State of Conn. Singihg| Festivals. Bids must be sef the 8th day of June (ifel) dressed to Chas. Firnhaber, be fo. NURSES' BOARD 'TO MEE The annual meeting the necticut board of ecxamination and registration of nurses, will be held at line, the president | Hartford, on Wednesday, June 7, 1916. | den street, City, Secretary of spoke of the serious things with which | Examinations fer registration will be | ment Committee, New Brital { held at Hartford and Ncw Haven, on ! tette Club.—advt. he has had to deal lately. a | strain trying to interpret the | of the country, and a greater strain to decide when the time came whether to do something in a way that | “we would prefer not to do it.”” ‘ i This was an evident referenca to the | recent crisis with Germany. It had ! been “up to him,” he said to choose when the time came, and he asked: “Can you imagine a thing more cal- | of Con- It was mad, as it had been expres “why should we not simply “The little bird knows that most of the real jo thrills in life are inexpensive. culated to keep a man awake at nights than that?” He had the most imper- fect means of finding out ~what the 3 ! people thought, ‘and yet I have got to | S il act as if I knew.” That was the bur- | & i den of it ,he added. I-g-—.__— president said there were two ‘M = fl" — ns why the chief wish of Ameri- | i i yi ! s for peace. One of them was ' their love of peace. The other was | | & 1 | world was | 6 ed to him, ; refuse to | st of | K the world in the ordinary channels | of action ” The burden of the presi- | dent's remarks was that by keeping out of the war the United States to Let Economy introd you to Happiness, says the Old Philosopher. i help make peace. | through the fire i you last,” said | “Whether the met- ‘ ‘I have come ince I talked to President Wilson. Let this Furniture Store introduce you to E JUST REGEIVED Others The Hing of the Road - $30.00 Cash Another Shipment of the Well- Known Iver-Johnson Wheels. omy and Happiness will abide in your home. We gest that you pay us a visit and talk over your h furnishing problem with us. You will get the benef our experience and will be able to save money if A Written Guarantee With Each Wheel purchase at our present low prices. OUIS HERRU L. A. GLADDING, 4 Chesinut St. JUST AROUND THE CORNER. Compiete Homefurnisher. 1052-54 Main St., Hartford, Cor. Morg