The Cairo evening bulletin. (Cairo, Ill.) 1868-1870, 1869-09-13


nance Committee shows that the city is
ia healthy financial condition
The total indebtedness Is s3O5, 966 20.
The payment of scS2,52 Of that sum 10
not matter for present consideration.
1t becomes due In annual instaliments,
the heaviest one between this time and
1885, being only s9,377 81. The whole
amount being thus distributed through q
period Of twenty years, the heavier In.
stallments falling due thirty years hence,
when the property Of the city will be
worth $50, 600, the:present generation
have only to provide for the interest and
that portion Of our Indebtedness known
a. the floating debt, or out landing scrip
And what do these amount to? The
amount Of scrip outstanding Is exactly
&23, 439 SO. Tue annual interest on the
bonded debt amounts to $2O,07l 90, Here,
then, the sum OF $43,5l0 81 faces US ~
the great barrier TO complete solvency--
q sum no greater than that frequently
carried by some Of our leading mer.
chants!
The tax book now IN the hands of the
collector calls for $52,s33. Every dollar
Of this sum must be paid into the treasu-
ry within the next six weeks. It's pay.
ment will involve the absorption Of our
$23. 438 In scrip, and the use Of about &So,-
900 In cash. Over $26, 900 Of the $5264S
might be paid In scrip, but there In not
that much outstanding, and there Is no
probability Of an issue that will more
than meet the demand created by licen-
ses, fines and street tax.
The city never approached tax'paying
time with better financial record. There
10 a present demand for every dollar Of
the scrip outstanding, and for about
three thousand dollars besides. 1t fol-
lows, therefore, that our floating debt Is
destined TO be speedily wiped out-every
dollar Of outstanding scrip called inland
about three thousand dollars In cash
paid into the treasury, to pay out on fu-
| ture issues.
The man who calculates on material
increase Of the bulk Of scrip, will be dis
appointed. There Is no expensivep public
work In progress or contemplated The
expenditures. In fact, will be confined to
current expenses, which amount TO about
$500 per month. or this sum, licenses
and fines will absorb about 81 900, leav.
ing an excess OF not more than $500 per
month to go into general circulation.
We therefore repeat our admonition OF
Saturday. II you have not the scrip IN
hand TO meet the scrip portion OF your
| 10 NJ 4 10 hA
substitute for cash, and as the amount IL
circulation will fall thousands OF dollari
short Of the demand, what is to prevent
II from becoming the equivalent Of cash
There will lie no dilIy-dailying about
the collection Of taxes this year. There
will be no postponements tn accommo'
date men who didn't think the thing
would be pushed So" The collector con-
templates a compliance with the law In
letter and spirit. He has given due nc.
tice ofhis purpose, and no one will be al
lowed TO plead surprise. Then, supply
yourself with scrip, while you may, at 81
cents. On the lst day Of october you
will not be able to procure 1t at so cents
and on the lst day Of November, by
which time the taxes will be- fully paid
delinquent property advertised and sold
the holder OF city scrip can present II q
the treasury and receive his dollar To-
dollar In the currency Of the country. !
anybody thinks these are wild predic.
tons, let him wait; 10 anybody think
he will have three months In which b
pay his taxes, let him wait. In both CAS-
es time will dissipate his error.