, 1859-02-21

One Thousand copies Of the report were ordered
to lie printed, mud the testimony itself is to he
Published verbatim.
Condition Of the City Finances.
II has passed into \ maxim that ttgarss viii
not lie But wrong uee Of them will tell
the biggest kinJs Of 1alschoods. Tie Times,
hoping to make little temporary polili.
cal capital for its party, has assailed the
Comptrol1cr'a fiscal statement, and attempts
to create the impression that the finances Of
the city have been wastefully and cortupt1y
administered during the present administra-
tion. This We propose to show is utterly m
f,u.. The city las never had an administra-
tion that has more honestly and faithfully ap-
propria.ed its revenues. During the year,
the city has not lost, by lcfulcation or pccu-
1ation, single dollar. II the dcnlaht1s upon
This administration have exceeded its revenues
and obliged it to resort to temporary leans,
thu reason is, that it has had to shoulder debts
contracted ly previous administrations. Its
own legitimate expenses have tcvn fully
covered and paid by it's own revenues This
fact We ahall demonstrate and place beyond
capiL Tile present article will he brief: wc
aAall reserve details aal particulars for sul-
seqncnt examination and statement. The
pres.nt administration committed one grave
error. mud it is that which has given the
Tiuxx its main basis for misrepresentation it
attempted the difficult feat Of paying NOR.
than dollar of debt with dollar Of inc sme.
1t levied only tsxes enough to meet ita own
necessary expenses, and ucd:rtook to pay the
deficits of former administrations.
To 20 back to the source or fountain hcad
of the whole trouble: When Dycr's admin.
iktration went out Of power in March 1871, it
had consumed the proceeds OF fourteen mills
taxation, and all the other revenues it could
lay its haNls upon. It also ale up one hun-
dred tAousead dollars Of borrowed money,
and added tue some to The permanent debt Of
the city, on which Wentworth and Haihes
have since been paying Tue intercs and over
and above these, it bequeathcd to its succcs-
sors legacy Of $1e4,oe2, Of debts, which
the Republicans have since been struggling to
pay. In other words, the expenses ot Dser's
administration, ia single year, exceeded its
income by $294,o92!
Wentworth came into power ia March,
1857. Hc caused tax OF seventeen mills to
he lcriel-Gftcen outside Of tic lamp dis
tricts, and largely increased tue revenues
from Gncs aud Licences. lie managed to car-
~ on the Government without adding to the
funded debt, ind reduced, to some extent, tue
fuating lett. He paid off $ll9,003 Of Dyer's
debls, leaving S75.B89 Tor uaincs TO pay.
But. in order to DO 80, there WAS turned
over 10 Haincs 10 pay varioas items, such
az s34, 600 70. improving the Court House and
square S21, ,152, bonds Of Geo.F. Lee, be-
longing to tue funded debt, which hui fallen
due; S21 ,602 for improving Dearborn Park,
CONTRACTED for under Wentworth $50 ,s39 bc-
lougiug to the sewerage fund, COLLECTED in
1857 ard sA,9l9 fuT the steam cHsIuc
"Long Jolln,' besides some smaller items.
,nAkins in nil s1l0,2i6. So that il truth
when Haincs came into Office he found
floating debt upon his han'ls amounting to
$l85,3o5, for which lc was called upon to
provide tue means Of payment. He has carried
through his administration without adding
dollar to tic permanent debt, hut has re-.
an:vd the floating debt to $13l,3oo, which
il LEGS by s53,945 tllaa he 1ouud it year
ago.
Wentworth levied general tax Of IT mills
inside aud Is mills outside Of tue lamp dis.
trict, which yielded him s5G7 900. Haincs
levied Is mills inside, and II mills outside
OF tue lamp district, which yielded him $3.50. :.
600. Consequently The taxes this year are
$l37,coo lighter than Inst year. Let this
important fact be borne in mind, that the
taxes are ONE HUNDRED AND TNlnrY-sEvES
rnou-Akp Do1LAus less than last year. Had
Mayor lIaines assessed the same amount of
taxes Us last year, be would have paid of
The last dollar OF The floating debt that
descended from the Dyer administration.
This much must be eail hc has made no new
contracts for bis SUCCESSOR TO meet lie laz
paid ~ he vent AL the outstanding l3at-
lug debt was created By the lust Democratic
administration, and not dime Of it by either
Went~orth's or naines'. During tlc past
year there has been expended for permanent
una necessary improvements, the following
sutns Of money:
Echoo euea steam apparatus and fnzrtture..
&c @ "a .41 ';aai eofnra 6aalaSs iof sine md -
coufs aea.s and Pa6ie Eauife... 4aoa
In .hese items We find about one hundred
and fifty thousand dollasa which can not be
properly charged to tic ordinary expenses o.
the City Government; Though the. expcndi
turca were essentially necessary to the public
good.
We have shown In general terms and here
after will. furnish tue details:
FtnsT. That not dollar has been added i,
The funded debt Of the city exclusive Of ecw
eragc, but on The contrary, that it has beer
reduced this year $4,000. -.
SECOND. That the taxes have been actual,
reduced by the large sum Of $l31, 900, o
four mills on tie general assessment
Tu1ao. That the heating debt is $4,000
less than Tom Dyer LEFT it, xho added 500
UOu 10 Inc permanent debt
FouR7H- The city has not lost dollar |,
dcfalcatioa OF peculaGon during the year.
Firm. Thnt this administration has mad
no new debts. but paid as it went.
Sixth. That next year The large tn
1evy devoted 10 permanent improvement
now completed and paid for, can be employe
to pay of the balance Of the debts created h
e.. the Democratic tax-eaters-prov1acda a1~ay
that said tax caters are not allowed to Il
hack into the Treasury, for another year
least. AK
The Missouri and Misstssippi United.
The First Train through from Aar
ntba1.
lFrcm The st. 1oseoh journal, Feb. 15th.l
Agreeable to expectation aud announcement
both ends Of tho Hannibal and st. Joseph Ru
road were made 10 uaoet on Saturday eveuit
Lat, the l2!h inst, and the tisst through tra
TYv