The weekly pioneer and Democrat., 1858-05-13

showing an excess of liabilities over assets OF
sl2, sol 65,
By the City Treasurer = report 1t appears
that the tax roll amounted to Sll7 ,sOi 80
which sum is far greater than the sum total OF
all the bonds outstanding OF the city, and
proves that II necessary, these bonds could he
paid, both principal and interest, by the tax OF
one year. The year previous the tax roll
amounted to but ~ 1856 p, according to the
Treasurers report.
This state oi things should inspire IA with
confidence in the resources and strength of our
growing and enterprizng city, and guarantee
to us abroad high standard Of public credit.
IL IL gratifying iB this connection to remark
that the bonds heretofore issued have been no
burthen TO om citizens that the Interest has
always been promptly met and that IN every
| instance where such bonds have been issued,
| careful provision has been made for the pay
| ment, which has proved more than adequate
| for the purpose.
| It has been customary to issue orders on the
| Treasurer, IN anticipation OF the incomes aud
/ taxes Of the city, in payment OF the claims
against the city. These orders, though rceeiy.
| able In payment of taxes, and abundantly Sc
! cured by them, necessarily depreciatc in pro
! portion 10 the amount outstanding, and the
! length OF time before they are likely to be re-.
| deemed. 1t would seem unjust that the holders
| OF these orders receive no interest although, IN
| fact obliged 10 wait a length Of time for actual
|
| Council TO this subject, and recommend that
/ this evil be remedied. Section Of chapter Nv
/ of the new city charter, prov yides that the Com
! mon Counon may, diring any fiscal year, by a
I vote OF two thirds, issue the bonds OF said city
| bearing interest not exceeding twelve per cent
| per annum, and for u time not exceeding one
year in such amounts and under such regula
| tons a. the Common Council may prescribe, in
| anticipation of the taxes and revenues Of such
fiscal year. Provided. that the amount OF such
. bonds outstanding, shall not at any one time
| exceed one third OF such taxes and revenues I;
and provided. that such bonds, or the proceeds
! thereof, shall be applied 10 the same purposes
! ~ the taxes and revenues IN anticipation where
| of they may be issued.
Bya ludicOus exercise of this power, a fund
might always be kept In the Treasury, 10 meet
the current orders that might be issued from
time II time, which would of course be then
always AZ par, and IN time cuc ulate, and answer
the purpose OF exchange throughout our state.
This measure would also keep the credit OF the
city al IA high standard.
When the difficulties and embarrassment OF
the times are considered, and the liberal action
of the city at time Of general depression, in
assuming the &c amount ot Street Certitc ate 4
and IN providing a currency for the community.
By the issuance of the scrip or city orders. 1t
must 10 source OF congratuation TO every one
to lind our Affairs ia so heal,hiul and prosper.
ous condition.
| The great preparations which are being made
to deN.lope our country and improve our yicin-
ity by means of Railroads, will necessarily in.
yolyc the disbursement within short time in
our midst Of large sums oi money. aud assist
Ia relieving the temporary embarrassment Of
the times.
At the present session of the Legislature au
act was passed authorizing III, city TO issue its
bonds TO the amount OF $4,000 Tor the pur.
pose OF connecting the upper and lower ,eyee;
this Is subject Of the utmost Importance and
deir ands the speedy action Of the Council a.
We are now situated The lower landing il com
pletely separated and disconnected from the
upper. The Difficulties and Hconvenien noes
which business men experience IN this respect
! - too notorious 70 require comment This
connection Is also neeied Tor the general i'm.
Vroycmcnt Of the city. and demanded by our
increasing trade.
I There ate certain subjects 20 which beg
leave 10 cali the atteation OF iEc Council. our
system Of markets has proved itself Inadequate
10 the growing wants and tended population
of our city the present market though IN
central pueitIOu, Is toe far distant m the lower
and upper wards and the expencc. of MAINTAIN
ing u TAR eSeceds the rents for stalls received.
This inconvenience has led 10 licensing pri-
yate markets and stalls ,hrogs boat the city.
whereby the Nictnsisrs, vendcrS " produce and
provisions have become scattered and sonar.
ated, and the rules and regulations re.nectins
markets have been rendered lax Aal incffcieu,
To rcmedy th.seyll " Would recommend that
.herc should be two public markets established
IN the city one upon the dN sion line between
the FIRST aAd second Wards and oae upon the
dislsion line hstweea tho Third and FourtA
Wards; aud that sni,ahie sites should be pro
cured Tor tha, purpose and baiiaiass erected
upon the same 90 be charged 10 the apProp riAts
Ward fund. These markets could be alt light
and with dae regard 10 ventils,io, and am
satisfied that nj reasonable expense proper
accommodations could be maie IN each for
vendors Of produce, vegetables ne. Aud or
dinAnees and regulations shorld b. established
10 ensure orisr. elesnlincsa, And 10 protect the