The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1858-12-18
Bg@ We are glad to see an apparently

Bs51 We are glad to see an apparently
cordial union of men Of all parties in the
selection of the best candidates to be sup
ported for the important municipal Offices,
at the election in the Spring. In the next
three years important matters affecting the
city's interest are to be arranged, which Will
require men of ability, experience, and
energy at the head of affairs ; there is to be
considerable thinking and mental labor
done for the public by some one, or the
eity's affairs, and her character too, will be-
come so involved there will be no extricat-
ing either from the wreck that must inev-
itably follow neglect and incapacity in the
conduct of her financial matters. The bonds
given by the city to the Charlottesville
Railroad are becoming due, and some ar
rangement must be made for the payment
Of a portion, and for the renewal of part,
or the burthen of raising the whole amount
will fall very heavily upon property hold
crs. If the credit of the city be not pre-
served by judicious plans and course that
will inspire entire confidence in the charac-
ter of our municipal government we shall
have to meet the entire amount of the debt
coming due, by doubling our already burth-
ensome taxes, or suffer the worse evil of re-
pudiation, and entire discredit BY man
of financial skill at the head of affairs, with
a council whose intelligence and character
will inspire confidence abroad, and with
prompt payment of the interest, and a
shrewd administration of our fiscal affairs,
the debt can be easily arranged so as to
make its payment comparatively easy.
AS an illustration of how fatal an injury
negligence and incapacity may infict, and
how much energy and little financial abil-
ity can do, we mention fact that we have
not thought it worth while to refer to be-
fore. On the Saturday night previous te
the Monday on which the coupons on the
city's bonds last became due in New York
not a dollar had been provided for their pay.
ment either in New York or here. The in
terest on the city's debt was due in New
York on Monday morning on the opening o
the banks At 10 o'clock on Saturday
night, when the Council was about to adj
journ, a member enquired what provision
had been made for the accruing interest oil
the city's debt? The reply was, "none,
and there was but $500 in cash in the Cit.
Treasury. To the query, what was to b.
done? no one seemed ready with an answer
A member, who has always some resourc
in an emergency, proposed a mode of meet
ing the necessity by personal arrangement
- an,f.1l4 a mart of the Councilmen. 1t was 8
telegraph despatch placed tho funds in ban
ly paid. In the future negotiations of til
city this service performed at the right nc
ment will be worth to her ten times th
amount of the interest paid. The car
shrewdness, and decision of one membs
saved the credit and honor of the city whic
was about TO be sacrificed by negligenC
and lack of fnanciering experience.
The public choice seems to have been fl,
ed with great unanimity, on the best me
for the most prominent places in the cit
government. They have been selected will
out regard to their political opinions, an
will be supported by the citizens of all pa
ties. In due time their names will be al
nounced. The unanimity with which the
have been solicited to allow the use OF the
names, will make their election sure, al
leave but little hope of success to outsic
candidates and individual aspirants. I'll
wish of all good citizens seems to be that
our charter election-party politics shall
held in allegiance.
Legislative Proceedings.