, 1873-12-02

Etvo cent OK tAA amount IL FL, D0t our
present bonded dobt is mid e thus still
$2o51 204 In excess Of tho constitutional Limit. 50
that We cannot saiHo further amounts upon bonds,
md tho 1st Of April the interest due tho LIST
of january md tho current expenses Of the dovcrn
In faco Of the present monetary atringcncy. 1t is
hopeless to expect to realize upon amy large portion Of
tS o. unpaid tx @ m N1t ess n1n
Gully boon used to swell tho assata tn tho mproera
reports; Ths, tear u The only benefit TIC city VIII
upon Which theBn certificates founded, with tho
cepon ot those for 1871 have been destroyed in tho
It Is tre that there is Il 100000 in round numbers
in lo Treasury hut hia sum y eposea e tho cred.
Of tho watertunei md for generally:
$1,000 belongs to tho public building while the rc
ai9asE Is sas apart f2r 4 tue scnool aa different sna
fund.- md thus available to moot tho abovo ill.,
Tho total appropriations for the year ending April l.
1874, aso 50 az. These nre to be mot BY tho
ta1es lcenses mud nea to 10 COLLECTED during lie
anlng year. but, when you consldor that fully one
third Of the aboye amount Will DO consumed in the
aaHn sslsv ns tSs oa 81 AZ %
an S alae istor,ned siat the tag for 1875 not yet
dollar. This is MILLS more than that of 1879. And
tho latter was fo by our citizens to bs oneroua
he valuation Of rsel md psrsona property for 1879
for you, gentlo1nsn wlesher in these hard times With
face Of the unjust tag which the State Board Of Equal
ization has saddled upon this county, citizens
ps ~ {sssS II Sea on
is mills Last year the city nda unpaid tax certificates
Of auch certificates may wo not expoot to IND unpaid
st tho close Of le74t under leyy Of 20 mills? Tho
m syy 1s ISL x qt e 9 a9wn n fro fen ig to y %
the nguroa q last year2 With this object in yew
recommend that al appropriations except for objects
which to aaan lie M North nranch must bo % entonded
construct few temporary school and engine hounes
But earnestly submit TINT n appropriations othor
50 % 6at fl syq IF q iss s1 s.s @
down to figures which will not l,o TO- onaso,isy op-
nreaaye ~ to almost absolutely endsnger ia collec
We ind tho Taxpayer Of to-day heavily and unwont-
sdy oppressed by three distinctly operative causca: J.
Tho purchasing power Of a currency. Ia largely
Aanced. g. Tie burden Of our city aud county taxa
The Obstacles ii tic way Of not merely meeting s
91pdasss s nut o. pEot'estng d srsdis of he
At tho Esst haso been rejected. MhuH we havo imposed
upon " the task Of not only qudating tho debts con-
raetea by our prodocsssors In Office but Of so~eatab
Lct Us, thou. resoluteiy and conscieniosy net our
own exertons rathor than npon tho prospect c1,er-
nal aid. You or may hold views for against Con-
gteaslGal niu a. regarda tho easement OF Tho present
m0uet9fy Btrngcncy Still, let u8 not DO led away by
any h3pss oi relief which may Of may not accrus from
moro favorable general financial business status:
rather let Us 1t once li!tato strictly economical
In these hard times, not npon tho "pay ~ you 90"
principle. ~ 30 acting wo will not only tho moro Of
palpab1y demonstrate to others our appreciation
no s 70 dasa st1sfn o bonod and
noating debt Of tho city from April 1860, to April
F-t& ahnS5n t1nntn ~ H{n5n y RI
On April /, 1860, tho bonded debt Of the city was
hs rs rsas ae fee e. Two ysss e
! Air!t ], 1871, were IS !078, ,88o.3l: ;.
On April l, 1871, tho bonded dobt Was non,inslly
amount Of $3.50. goo had bcou bought ln for and hed
amount. Tho floating dobt at that date was 1884,
Xiii 1sfi. xss si,ssS 5sS ,4Snains
On April !, 1871 tho bonded; debt was Sl3t644, 600
the sinking fund haying been burned ana' eancele!}
Tho oating debt was 81 $40 332 ol-a total Of
33?.oa, Or "a incEeaso of ~ o1o.oo In addition
1H73-mnking total Of 523o2 Of rcaoureea over
and above tho reces from taxes and miscellaneous
II viii DO seen by this that In faur years, during
which population incrcaHed from probably 2o5, 900
to about $50 % Or 80 per csnt tho aebtedneaa Of Tue
city {bonds1 aud 1oating had Increased from %
amount Of over 600 Of asss4 {heing the money
1occved from s Btato had been added to the current
receipts. -...-...
During tho lat municipal administration tho atten-
o Of ;.n "us eomnuty o has TO- great extent been ds
management Of tho city finances, to tho pro-
lection Of life and property, by efforts ~ fFess az
gard to The observation Of the nrut day Of t,o Weok
II ia Tell-kuowA fRot that thosa ordinances. how