The evening Argus. [volume] (Rock Island, Ill.) 1861-1871, 1866-04-20
A question OF vERACiff

on -.a;osl republican mayor ana
.n...,- - ~: 80 NV ,,opose to say word or
NV have a little leisure. The
.;sh. -. 49, ~. ~ election, and when IT
va. .oo ,..s e., ' =. 70 reply before the people
49, -. ~ a.,s -. d, Trussdals published a
800 -, o.1 IN replv to certain state
m.a.. III o 0.Se in regard to bis admins.
trs.;on whan hs formerly held the of'oe OF
m..o. " ~ aso and headed it "Falsshoods of
the argus Nailed" In that caro- ~
ed the editor of this paper with Ola1 .;.;...od
impudence," with uttering un" -
falsehoods," and in answer to our Snas so
tina. he had borrowed money at high rate
of interest to keep his administration rann,ng'
b. said: During my lAisl ad"'"'s'r ,aa1.
no money ras borrowed by hse'fy 1p0'' "''.s. .
a higher ratssof interest than Il POI '''''' ="
paid" -,
Now we do not propose to Do 81 49, ms-,.
ungentlemanly as to charge W. - =.
with "brazen-fsced impudsnce, or WIN "
tsring "unmitigated fslsehood' pu' No p'o
pose to show that bis statement Is i"0o'i0'''
and leave the people to make snels WV wv,
ments. We shall refer to the oflcai i0o0,.'
made by David Hand ibis city clesA anu Mo
political friend) of the doings OF nls own az
minissr.tion, and ask people who wish to see
the records to 60 to the city CLERK o"'' "n1
examine them.
At q meeting of the city cOunoii neiu 'u a..
4, 1860, they will find that, on motion u n'u
erman Hatch, s. & NJ, Wolf were silo"eo an an
order of S21.33 for intsrss. on sl'VVo' ior %
days, which would be two per cent . "0n'n'
or tsoenty-four per cent. a year
At another meeting Of the city council aeia
OCT. %, 1860, they will find that, on mo'ion
of Alderman Ain.worsh, Mayor Truesdaie
was authorized to borrow money, at the best
rates possible, to pay interest on city bonds
due Nov. l, 1860.
In pursuance of this authority mayor
Trussdals borrowed, from S. Il NJ. "oif' 3D.
400, for which he issued "a city ORDERS OF
500 each, payable in three months ne al
30 issued, at the same time, an order tor sloe
to pay the interest on this money, which
would be II per cent. month, or Is per
cent per annum.
December 10, 1860, on motion of Alderman
Hatch, Mayor Truesdsle was authorized to
use what money was then in the city treas
ury. and borrow the balance which might be
required to pay interess due on the Rock ls-
land & Peoria railroad bonds-due in New
York. January l. 1861.
In pursuance of this authority, Mayor
Truesdale borrowed, on the 26sh day of the
same month, of s. & NJ Wolf, $500, for go
days, for which he issued 80 city orders of
SIS each, and one for S24. to pay interest on
the'sam This would be at the rate of II
per cent: a month, or Is per cent year.
February 4, 1861, at meeting of the city
council, on motion of Alderman Hatch, May
Or Truesdale was authorized to draw from
the treasursr's hands $500. to pay that
amount of city orders then held by S. & NJ.
Wolf, and was also authorized to get an ex-
tension of 60 days, on the balance of orders
held by them, which had fallen due the Goth
If January, and to draw an order to pay the
interest the same.
Three days after this, on the 9TH day of
February, 1861, he issued orders to S. & M.
Wolf for $1,000 O0-ths sixty dollars being
or interest for so days, which would be at
he rate of i per cent. q month, or Is per
cent. per annum.
These orders were not paid when Mayor
rruesdale retired from Office and was sue
seeded by Mayor Davenport, although they
we're past due, but were paid and taken up
y Mayor Davenport.
These are few cases stumbled unon in
ooking over the city records. How many
more can be found, on more
areful examination, we are
nable to say. They are enough, however.
, show the incorrectness Ito use no harsher
rord) of DR.. Trussdals's card, issued the
light before election, for electionsesing pur-
oses, and when it was too late for us to re.
ly.
Dr. Truesdale also said, in his eleventh
our card eff the finances of this CITY had
cen properly managed the debt of the city
'ould not be half so large as it is" We
link it will puzzle any man to show that
II city indebtedness would be lsssened by
orrowing money to pay it with. How could
lie debt be reduced in any other way than
? increasing the taxes? Of course there
as no other way, and the taxes were already
J high as the law permitted. To borrow
oney from one man to pay another would
ot reduce our indebtedness. This vould
I'd did increase our indebtedness, under DIR
ruesdale's fnanciering, because he maid
ON Ii to "a per cent. interest, and ex.
lange in addition, for the purpose of Iioui-
atlng claim which was drawing onlv 10
r cent year. To borrow money at II to 2
X cent. month to pay indebtedness which
Is drawing only ten psr cent. year. and
en- pay high rate of exchange to deliver
Q money in New York, was not Mavor
.venport's policy. DR.. Truesdale borrowed
'ney at ID to "a per cent. u year to nav in.
btedness which was drawing only 10 per
nti q year-and she paid, in addition.
yh rate of exchange on New York, to nav
Q money there to persons who hell tb;a in