The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1858-04-13

change took place. The Ohio. - and Trust
Company failed. and viii ~ geass~l
panic seized the whole csla -adsncs ms
paralissd, hasisse e MI ~ brought
10 sntldss - " enlerpris6S Of
49, = BIT this sudden
~, Svsag 10 its extend
~ Sxlsnt Several slnadrsd labor
living. sad that Of their families d.
their labor, was engaged Oh the city
tovtzAents. Our citisens were engaged in
building hotels, azores, private dwellings, and In
- ~ klAds Of public end private improve
msngs Nsithsr the city nor any one else ex-
pecting such general financial trouble throgh-
out tho country. Under this state Of The case
k1ko yropositions presented themselves for the
ottien Of the cosncil. Ons waa 70 stop all i'm
peexsments, and throw out Of employment ell
I psfssns = work on them and leave the improve
m1pts imam unfinished state subject 10 decay
add looo, and thereby sad that much more to
the general distress Of Ksokuk. or to 20 on
with them and by thot means add some twenty
Ave g thirty tsS - more 70 the gen.
| y. with my hsS ,opted the latter
course. Of which = rk, We may oil
feel Justly proud. IT, y rove our Wis
dom,
During the year that hes just clossd y<1nhave
| extended the frontAgs0 the city below John
son street. by which extension the city win re-
alize at lcast serenity 2 Hsand doliars, . sum
sufficient to grade Ill A0etreets south Of John
son, and between Third street and the river
foQ have furnishedthe means TO inaugurAte .
system Of common schools in the city that IL .
credit and blessing TO the city. You have, st
large expense. built . calAboose, also, m en-
CINE house. Yoa have finished and covered
the culverts under contract when We came into
Office. You have MAJ plank walks and eros
sinesof streets throufhsut the thickiy settled
portions Of the cllHS1nd especially to oil the
churches. You ha46plaeed ~ city in such .
state of improvement thht all, nose excepted,
are proud Of it, aud oil. without exception. take
pride in showing strangers our system and ex-
tent of sewerage, - well ~ general city i'm
provcment. And while We acknowledge the
unfortunate Indebtedness Of our city. still but
a email proportion Of that Indebtedness has
been contracted for public improvements, Ger
ta'liy less than ,,eo hndret aAonsaad dollars. II
| that was our only debt, Home would feel any
trouble about yiudehfednsss ;ybat the gre ut
burden of our city debt b on aneo1It Of loans
made to Railroads. for which We hold thS stock
Of tho roads, and upon the honesty, skin and
energy of the persons who manage theDads,
depend the value of their stocks.
In conclusion, will say that We hsye acted
together harmoniously and unitsdly. Much
more has been done by this Council than was
ever done by any previous Council. You have
carried on and carried through ill Of the con.
tracts made by the two last Administration;
We have paid contractors ~ ve agreed TO pay
them, We bave paid the interest on our large
city debt We came into power encountered by
bmrdensome cash contracts. entered into BY 9TH
err Administrations, We 60 ont leaving none tc
cucumber our successors. l again return you
my thanks for your complimentary vote. and
douhly thank you for your uniform kindness
/ during our official connection.