Annual Report of the Town Officers of the Town of Gilmanton

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Excerpt from Annual Report of the Town Officers of the Town of Gilmanton: Comprising Those of the Selectmen, Collector, Treasurer, Auditors and School Committee, for the Year Ending March 1, 1883 In submitting our annual report, we desire to call your attention to the satisfactory condition of our finances. The debt of the town, March Ist, 1882 was March Ist, 1883 it is be ing a reduction during the year of The securities of the town are now held almost entirely by residents, as we have advised the payment of the orders held by non-residents, thus giving our townsmen the opportunity to invest in their own town, where also they can easily draw upon the same if desired. We have continued to hire money at three per cent. Simple interest exempt from taxation, and to-day nearly one-third of our indebtedness is bearing this rate. The balance of the debt is at four per cent. Simple interest. We have not thought it advis able or expedient to cut all the interest down to three per cent., but with the present out - look it will be but a short time before our whole debt will be readily taken at the last named rate. Although the debt of the town is now large, very much larger than the average throughout the State, yet with careful and judicious management we shall in a few years reach a point where it will be no longer burdensome. We would recommend that the town raise the same sum for necessary charges, and to pay debt and interest as last year, so that there shall be no step back ward in the annual payment of our debt. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.