THE INDEBTEDNESS OF THE CITY OF BOSTON. The amount of the Consolidated Funded Debt of the City and County, including Water Debt, on the 31st of January, 1903, was $84,886,906.00 and made up of the following items : GROSS FUNDED AND NET DEBT OF THE CITY OF BOSTON. mencement to January 31, 1903, inclusive. [From 1832 to 1903, both inclusive.] The following table exhibits the total consolidated gross funded and met debt and redemption means of the City for each year from the com At the commencement of the City Government in 1822, the debt which had been contracted by the town was for the erection of a Court-house and prisons in Leverett Street. Debt. Funds, etc. Funded Debt. April 30, 1822. . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000 00 |................ $100,000 00 May 31, 1823. . . . . . . . . . . . . . . . . . . . . . . . . . . . 103,550 00 $3,267 27 100,282 73 “ 1824. . . . . . . . . . . . . . . . . . . to o os e o e g g e 207,050 00 3,254 61 203,795 39 6 & 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . 305,873 85 |... . . . . . . . . . . . . . 305,873 85 April 30, 1826. . . . . . . . . . . . . . . . . . . . . . . . . . . . 364,800 32 145,980 93 218,819 39 £ to 827. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,011,775 00 299,096 38 712,678 62 & 4 1828. . . . . . . . . . . . . . . . . . . . . . . . . . . . 949,350 00 279,124 85 670,225 15 & 4 1829. . . . . . . . . . . . . . . . . . . . . . . . . . . . 911,850 00 267,505 76 644,344 24 “ 1830. . . . . . . • * a e o s e s e o 'o - e o 'o e o f is so a 891,930 75 228,028 30 663,902 45 $ 4 1831. . . . . . . . . . . . . . . . . . . . . . . . . . . . 880,330 75 234,095 69 646,235 06 & 6 1832. . . . . . . . . . . . . . . . . . . . . . . . . . . . 817,123.93 175,734 75 641,389 18 & 4 1833. . . . . . . . . . . . . . . . . . . . . . . . . . . . 940,358 28 164,605 22 775,753 06 6 & 1884. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,078,088 28 153,636 46 924,451 82 & 4 1835. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,147,398 97 102,075 55 1,045,323 42 & & 1886. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,264,400 00 182,245 56 1,082,154 44 & so 1887. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,497,200 00 217,955 45 1,279,244 55 g & 1888. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,491,400 00 97,436 60 1,393,963 40 & 6 1889. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,596,600 00 93,931 59 1,502,668 41 “’ 1849. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,698,232 56 171,439 31 1,526,793 25 to 6 1841 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,663,800 00 90,349 56 1,573,450 44 £ 6 1842. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,594,700 00 88,930 79 1,505,769 21 { % 1843. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,518,700 00 134,389 31 1,384,310 69 to £ 1844. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,423,800 00 302,149 09 1,121,650 91 & 6 1845. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,163,266 62 378,400 45 784,866 17 4 & 1846. . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,153,713 16 717,610 79 436,102 37 “ 1847. . . . . . . . . . . . . . . . . . . . . . . . . . . 1,296,626 98 800,977 82 495,649 16 £ 6 1848. . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,452,606 37 478,213 28 2,974,393 09 “ 1849. . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,334,846 54 388,396 02 4,946,450 52 & & 1850. . . . . . . . . . . . . . . . . . . . . . . . . . . 6,195,144 35 310,259 40 5,884,884 95 & 4 1851.... . . . . . . . . . . . . . . . . . . . . . . . . 6,801,541 35 473,634 98 6,327,906 37 6 & 1852. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,110,679 70 489,065 22 6,621,614 48 9 a. 1853. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,859,435 66 872,674 15 6,986,761 51 & 6 1854. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,799,855 32 1,411,858 00 6,387,997 32 & 6 1855. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,151,149 77 1,042,977 90 6,108,171 87 6 & 1856. . . . . . . . . . . . . . . . . . . . . . . . . . . 7,107,149 77 1,088,483 92 6,018,665 85 & 6 1857. . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,259,299 77 1,054,976 27 6,204,323 50 & 4 1858. . . . . . . . e s a s v e e s e e s - e. e. e. e. e. e. e. 8,101,199 77 1,108,147 09 6,993,052 68 6 & 1859. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,954,649 77 1,331,565 05 7,623,084 72 & 6 1860. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,491,599 77 967,175 69 7,524,424 08 to & 1861. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,894,499 77 988,922 61 7,905,577 16 & & 1862 — War debt included this year and after............. 9,031,207 77 851,659 08 8,179,548 69 & 6 863. . . . . . . . . . . . . . . . . . . . . . . . . . . 10,335,857 77 1,190,901 13 9,144,956 64 & & 1864. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,015,732 77 1,463,187 67 9,552,545 10 6 & 1865. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,371,942 57 1,621,255 41 9,750,687 16 6 & 1866. . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,892,375 91 3,039,590 32 8,852,785 59 “ 1867 . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,998,559 91 4,440,278 32 8,558,281 59 9,215,831 25 11,632,959 91 12,849,159 31 13,926,777 92 8,812,287 19 10,089,511 80 GROSS FUNDED AND NET DEBT OF THE CITY OF BOSTON.— Concluded. April 30, 1874— Charlestown, Brighton and West Roxbury debts included. . . . . . . . . . . . . . . . . . . £ 6 1875. . . . . . . . . . . . . . . . . . . . . . . . . . . . & 4 1876. . . . . . . . . . . . . . . . . . . . . . . . . . . . & 4 1877. . . . . . . . . . . . . . . . . . . . . . . . . . . . & 4 1878. . . . . . . . . . . . . . . . . . . . . . . . . . . . ( & 1879. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 & 1880. . . . . . . . . . . . . . . . . . . . . . . . . . . . & 4 1881. . . . . . . . . . . . . . . . . . . . . . . . . . . . £ 6 1882. . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 & 1883. . . . . . . . . . . . . . . . . . . . . . . . . . . . & 8 1884. . . . . . . . . . . . . . . . . . . . . . . . . . . . & & 1885. . . . . . . . . . . . . . . . . . . . . . . . . . . . & 6 1886 — County Debt included. 4 & 1887. . . . . . . . . . . . . . . . . . . . . . . . . . . . & 6 1888. . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 & 1889. . . . . . . . . . . . . . . . . . . . . . . . . . . . ( & 1890. . . . . . . . . . . . . . . . . . . . . . . . . . . . . “ 1891. . . . . . . . . . . . . . . . . . . . . . . . . . . . Jan. 31, 1892. . . . . . . . . . . . . . . . . . . . . . . . . . . & 4 1893. . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 & 1894. . . . . . . . . . . . . . . . . . . . . . . . . . . & 6 1895. . . . . . . . . . . . . . . . . . . . . . . . . . . . & © 1896. . . . . . . . . . . . . . . . . . . . . . . * * * * * £ 6 1897. . . . . . . . . . . . . . . . . . . . . . . . . . . . { % 1898 . . . . . . . . . . . . . . . . . . . . . . . . . & 4 1899. . . . . . . . . . . . . . . . . . . . . . . . . . . . ( ; 1900. . . . . . . . . . . . . . . . . . . . . . . . . . . & 4 1901. . . . . . . . . . . . . . . . . . . . . . . . . . . . & 4 1902. . . . . . . . . . . . . . . . . . . . . . . . . . . . & 4 1903. . . . . . . . . . . . . . . . . . . . . . . . . . . . In Each Financial Year between 1822 and 1865–66, and in Each Calendar Year Since 1822 (town debt)..... . . . . . . . . . . $100,000 00 822–23. . . . . . . . . . . . . . . . . . . . . . . . . 3,550 00 1823–24. . . . . . . . . . . . . . . . . . . . . . . . 103,500 00 1824–25. . . . . . . . . . . . . . . . . . . . . . . . . 283,257 75 1825–26. . . . . . . . . . . . . . . . . . . . . . . . . 318,685 32 1826–27 . . . . . . . . . . . . . . . . . . . . . . . . . 873,475 00 1827–28. . . . . . . . . . . . . . . . . . . . . . . . . 181,000 00 1828–29. . . . . . . . . . . . . . . . . . . . . . . . . 147,250 00 1829–30. . . . . . . . . . . . . . . . . . . . . . . . . 295,480 75 1830–31. . . . . . . . . . . . . . . . . . . . . . . . . 281,000 00 1831–32. . . . . . . . . . . . . . . . . . . . . . . . . 199,743 18 1832–33. . . . . . . . . . . . . . . . . . . . . . . . . 466,592 53 1833–34. . . . . . . . . . . . . . . . . . . . . . . . . 593,044 00 1884–85. . . . . . . . . . . . . . . . . . . . . . . . . 744,626 69 1835–36. . . . . . . . . . . . . . . . . . . . . . . . . 707,186 03 1836–37. . . . . . . . . . . . . . . . . . . . . . . . 359,304 65 1837-38. . . . . . . . . . . . . . . . . . . . . . . . . 217,300 00 1838–39. . . . . . . . . . . . . . . . . . . • a • * * * 283,200 00 1839–40. . . . . . . . . . . . . . . . . . . . . . . . . 478,332 56 1840–41. . . . . . . . . . . . . . . . . . . . . . . . . 345,000 00 1841–42. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1842–43. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1843–44. . . . . . . . . . . . . . . . . . . . . . . . * * e o e o o & 1844–45. . . . . . . . . . . . . . . . . . . . . . . . . 11,566 62 1845–46. . . . . . . . . . . . . . . . . . . . . . . . . 110,013 16 1846–47. . . . . . . . . . . . . . . . . . . . . . . . . 297,860 32 1847-48. . . . . . . . . . . . . . . . . . . . . . . . . 1,419,683 39 1848-49. . . . . . . . . . . . . . . . . . . . . . . . . 1,085,367 51 1849-50. . . . . . . . . . . . . . . . . . . . . . . ... 528,371 23 1850–51. . . . . . . . . . . . . . . . . . . . . . . . . 1,195,285 00 1851-52. . . . . . . . . . . . . . . . . . . . . . . . . 1,180,513 05 1852-53. . . . . . . . . . . . . . . . . . . . . . . . . 2,349,353 66 1853–54. . . . . . . . . . . . . . . . . . . . . . . . 944,118 00 1854-55. . . . . . . . . . . . . . . . . . . . . . . . . 306,500 00 1855–56. . . . . . . . . . . . . . . . . . . . . . . . . 158,100 00 1856-57. . . . . . . . . . . . . . . . . . . . . . . . . 431,900 00 1857-58. . . . . . . . . . . . . . . . . . . . . . . . . 1,168,400 00 1858-59. . . . . . . . . . . . . . . . . . . . . . . . . 1,232,950 00 1859–60. . . . . . . . . . . . . . . . . . . . . . . . 735,800 00 1860–61. . . . . . . . . . . . . . . . . . . . . . . . . 992,700 00 1861–62. . . . . . . . . . . . . . . . . . . . . . . . 775,000 00 1862–63. . . . . . . . . . . . . . . . . . . . . . . . * * * * * * * * * * * * * * * * * * * * * * * * * * $1,604,850 00 850,000 00 639,709 80 712,150 00 1,499,000 00 1,037,175 00 2,937,000 00 531,500 00 3,561,500 00 5,238,000 00 2,981,000 00 7,255,176 65 4,478,500 00 2,206,200 00 3,533,300 00 667,000 00 1,349,000 00 1,890,000 00 2,701,000 00 123,000 00 2,078,500 00 3,278,500 00 1,837,500 00 1,742,700 00 3,837,800 00 3,324,700 00 1,529,300 00 3,784,000-00 5,462,000 00 2,716,500 00 2,977,800 00 6,115,525 00 5,808,800 00 6,284,150 00 7,321,000 00 8,109,800 00 9,485,780 00 6,291,450 00 4,944,550 00 6,559,400 00 7,706,551 00 At the Close of Each Financial Year. Year. GroSS Debt. Sinking Fund. Net Debt. 1848–49. . . . . . . . . . . . . . . . 1865–66. . . . . . . . . . . . . . . . 1900–1901. . . . . . . . . . . . . . 1901–1902. . . . . . . . . . . . . . 1902–1903. . . . . . . . . . . . . . 3,787,328 98 4,463,205 56 4,955,613 51 5,209,223 26 5,972,976 11 5,432,261 11 5,403,961 11 5,230,961 11 5,031,961 11 4,724,961 11 4,754,461 11 3,846,211 11 3,455,211 11 3,012,711 11 2,992,711 11 2,992,711 11 2,942,711 11 3,152,711 11 3,370,711 11 3,867,711 11 5,107,711 11 5,731,711 11 6,482,711 11 6,812,711 11 6,912,711 11 7,863,711 11 8,123,711 11 9,735,711 11 11,548,711 11 11,545,273 98 11,753,273 98 11,697,273 98 11,631,273 98 11,631,273 98 11,955,273 98 12,882,273 98 13,045,473 98 13,491,473 98 14, 142,273 98 14,741,273 98 14,941,273 98 15,696,273 98 16,267,773 98 16,423,773 98 16,758,773 98 17,055,273 98 17,761,273 98 18,261,273 98 18,261,273 98 $2,129,056 3,787,328 4,463,205 4,955,613 5,209,223 5,972,976 5,432,261 5,403,961 5,230,961 5,031,961 4,724,961 4,754,461 3,846,211 3,455,211 3,012,711 2,992,711 2,992,711 2,942,711 3,152,711 3,370,711 3,867,711 5,107,711 5,731,711 5,382,711 5,627,661 5,644,476 6,490,757 6,589,820 8,174,793 9,839,218 9,501,509 9,609,426 9,925,581 9,641,973 9,349,416 9,347,505 10,135,768 9,939,150 10,106,272 10,194,657 10,367,969 10,077, 181 10,255.454 10,288,476 9,952,228 9,739,715 9,405,769 9,316,500 9,161,307 8,556,885 1 No account taken of amount borrowed temporarily from 1846 to 1852 and afterwards funded by the issue of the water bonds that figure in this statement. 242 LOANS AUTHORIZED BY SPECIAL STATUTES Outside of Debt Limit other than Water Works. & A mount Amount Year. Chap. Object. Authorized. ISSued. # 1886. 304. Public Park Construction. . . . . . . . . . . . . $2,500,000 00 $2,500,000 00 1887. 101. Suffolk County Court HOuse 1. . . . . . . . . . . . . . . . . . . . . . . . . 2,746,000 00 1887. 282. Harvard Bridge. . . . . . . . . . . . . . . . . . . . . . . 250,000 00 250,000 00 1887. . . . 312. Public Park Lands. . . . . . . . . . . . . . . . . . . . 400,000 00 400,000 00 1887.... 394. ... Sewer, Tremont Street . . . . . . . . . . . . . . . . 275,000 00 1887. . . . . 428. Stony-Brook Improvement. . . . . . . . . . . . 500,000 00 500,000 00 1888. . . . 392. Public Park Lands. . . . . . . . . . . . . . . . . . . . 600,000 00 600,000 00 1889. . 68. New Library Building.... . . . . . . . . . . . . 1,000,000 00 1,000,000 00 1889. 254. . West Chester Park Extension. . . . . . . . 2 75,000 00 1889. 283. Congress-st. and Oliver-st. Extension, 2 500,000 00 1889. . 322. . Improved Sewerage. . . . . . . . . . . . . . . . . . . 500,000 00 500,000 00 1890.... }}{.. Public Parks, Charlestown............ 200,000 00 200,000 00 1891 301. . . . . Public ParkS. . . . . . . . . . . . . . . . . . . . . . . . . . 3,500,000 00 3,500,000 00 1891 324. ...| New Library Building. . . . . . . . . . . . . . . . 1,000,000 00 1,000,000 00 1891 323 Ilaying-Out and Construction of 1901 465 ! HighWays *. . . . . . . . . . . . . . . . . . . . . . * * * * | * g g g e < e < e s s a o s a s 4,255,000 00 1892 288.... Suffolk County Court House, Fur nishing ". . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 00 175,000 00 1893. 478.. Subway. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000 00 1894. 396. Public Parks. . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000 00 1,000,000 00 1894. 548. Rapid Transit *. . . . . . . . . . . . . . . . . . . . . . . . 7,000,000 00 5,751,000 00 1894. 548. Charlestown Bridge... . . . . . . . . . . . . . . . . :k 815,000 00 1895 334. Blue Hill and Other avenues. . . . . . . . . . 2,500,000 00 2,500,000 00 1895. 408. . School-houses . . . . . . . . . . . . . . . . . . . . . . . . . 5 500,000 00 500,000 00 1895. 435 ...| New Ferry Landing.. . . . . . . . . . . . . . . . . . 500,000 00 500,000 00 1896. 453. Public Parks. . . . . . . . . . . . . . . . . . . . . . . . 1,000,000 00 1,000,000 00 1896. 516. South Union Station . . . . . . . . . . . . . . . . . . 2'000,000 00 2,000,000 00 1896. 530. Stony-Brook Improvement. . . . . . . . . . . . 500,000 00 500,000 00 1897. 319. . Laying-Out and Construction of Highways . . . . . . . . . . . . . . . * g o e o . g g o os o go 3,000,000 00 63,000,000 00 1897. 346. . Laying-Out and Construction of Highways, Charlestown street. . . . . . Sk 700,000 00 #...] § {...] Sewerage works’..................................... 6,000,000 00 1897. 500. ... | Rapid Transit . . . . . . . . . . . . . . . . . . . . . . . . * 250,000 00 1898. 236. Blue Hill and other avenues. . . . . . . . . . 750,000 00 750,000 00 1898. 313. Public Parks. . . . . . . . . . . . . . . . . . . * e g o o $ $ 500,000 00 500,000 00 1898. 467. Cambridge Bridge . . . . . . . . . . . . . . . . . . . . 750,000 00 1898. 475. Library Building, Copley Square. . . . . 100,000 00 100,000 00 1899. 239. Normal School Building and Land. .. 8300,000 00 5,000 00 1899. 303. Public Parks... . . . . . . . . . . . . . . . . . . . . . . . 500,000 00 500,000 00 1899. 397. Stony-Brook Improvement. . . . . . . . . . . . 350,000 00 350,000 00 I899. 443 Laying-Out and Construction of HighWays . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,650,000 00 1,650,000 00 1899. 450. Sewerage Charges, Repayment of .... f 415,000 00 1899. 466. Atlantic Avenue Extension. . . . . . . . . . . >k 325,000 00 1902. 325. . . . . Metropolitan Park Assessments. . . . . . 420,400 00 420,400 00 1 $2,500,000 in addition to the cost of land. Cost of land, $1,056,469.69; $2,746,000 authorized by City Council. Council. the above amount inside of debt limit. 4 Chapter 548, Acts of 1894, authorizes the City of Boston to borrow not exceeding $7,000,000 to promote Rapid Transit (this amount reduced $616,000, under authority of Chapter 347, Acts of 1897), and such further amount for Charlestown Bridge and its approaches, in addition to the $750,000 beretofore appropriated by the City Council as may be necessary for the completion of said bridge and approaches. $75,000 additional for furnishing, authorized by City debt authorized in 1891 ($500,000) included in 5 Also $1,800,000 inside the debt limit. Amendment Chapter 442, Acts of 1897. 6 $616,000 of this amount issued as Public Park Debt, under Chapter 394, Acts of 897 7 Not exceeding $1,000,000 — each year. 8 Repealed by Chapter 473, Acts of 1901. * No limit to the amount. f Limited to amount required to repay all sewerage charges collected by the city under Chapter 426, Acts of 1897. |