The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1871-08-17
CITY RINANCE6.

We did not open the nsvspaPsf oDcu
sion Of the financial policy Of the city, bot
We are no, averse to the fullest ventilation of
the subject. The Commercial, in our opin-
ion, does the Council, Mayor and COMMITTEES
injustice by indirectly msrepresentins the
facis and intention of the Council.
All thu. the Commercial says about the
powers and the duties OF the Mayor and
Council is correct, but it il wrong when, By
indirection, it intimates that they have done
or intend 10 do otherwise.
OF course, he Treasurer cannot use
or appropriate the funds for any other
purpose than that tor which they were
levied, and the Mayor and Council cannot
and should not attempt to interfere with this
plain duty"
Well, who has attempted TO interfere!
Nobody. Now why, if YOU intend to be
fair. do YOU state a proposition as though
somebody had attempted to do wrong:
What the Mayor, Council and COMMITTEES
wan, n the Treasurer is for him TO do his
duty, and not keep the funds of the city for
private speculation.
The city can make arrangements for de-
posting its funds where better accommoda-
tions can be had. The city is now paying
$. ven per cent interest. They can get ten
times the credit, if they wish it, at another
place, for six per cent.
The city is now loaning nearly $1,000 OF
Newman & Ravens al seven per cent. They
can get this same accommodation for six per
cent. The Treasurer, by his oistinscy, says
the city must pay seven.
The Commercial is unfair when it asks:
What arrangement the Committee pro.
prosed to make with their friend and former
Councilman, Mr. Borland?"
The Committee have made no arrangement
with Mr.. Borland. They did make an A.
rangement with the Second National Bank.
But no action should be taken that vii
place the funds of the city in jeopardy
Just 30. That is just what the Commute an
desiring TO do. Place the funds where they
are safe, and where they can be drawn upor
when required and have the drafts honored
and that too without equivocation.
Since the organization of the Repulicaz
party in the City of Leavenworth, there hs'
been but one Mayor elected by that party
Every administration except that one, va
placed in power by the Democracy. WIZ
then is responsible for the debt of the city
Surely the party that has had control.
Halderman. Morehead and HaldermaI
have been at the he head of city affairs fo
the past five years. they were supported b!
the Co,amereiai, and il is Unfair to disowI
them.
All the talk about the National Bank Law
and the liability for tax Of ten cents eacl
time dollar of city scrip is issued is folly
The city does not pretend to do banking
business.
The Democratic administrations Of ST
Louis and Kansas City have issued scrip
The hanks of St Louis, Kansas City, Leav
enworth aud through the west have receive,
it and paid il out. The City Council o
Ieavenworth adopted the report of the Com
mirtee on Ways and Means, and over tw'
months ago passed resolution to have tn
scrip engraved, and yet our sensitive Demo
cratic neighbor said nothing until it vas re
solved to change the place Of deposit.
Is it not, therefore, plain to our peopl'
that all of the Commercials solicitnde arise
from the great interest," they take in the bank
ing firm now favored with being the city de
pository.
One year ago the. Treasurer place
the funds where they now are at the requea
of the City Council, because they made tn
hest offer for the interests of the citv.
Now the Mayor and Council desire tn
Treasurer To deposit in another bank becaus
the Interests of the city, in their opinion
will he promoted thereby. The Treasure
said ne would change, then he declined, ana
81 the matter stands.
Whs, then is the matter? Simply this
| Individual interests will he suhserved b.
| keeping the deposits where they are. Tn
interests Of the city will he promoted b!
changing to bank where more Favorable
terms can be had.
l. the Commercial for individual interests
or the public good?