, 1873-12-02

but wi'h all who oeomposo this body. /
ssae s ssasS M III, ne sin ass,.s.fy sn s q
ehali s lonseia % s roops q our our cy.
70 the policy q the Administration for tic res.
'0 ni as o aaress Got. Il ierh qato @
With your pcrmsston, to real tho address.
THE INAu0unAh ADDRESS.
Tho Clerk read aB follows
Gentlemen u tbs Common Council: ,
tho Administrator II whicn have ii,o honor 10 10
tug head II possession Of tho City aovo1nmcnt. =.
bs sy o e " as
1Sn1 @ ye%n Ut to slsnacs nrivate chasaster
PURPOSE Of woaning from u popuIar stpnort. .,.,
10 proullco tho minds Of many persons, both Ut homo
and abroad, ngainst the novomont which haa placed
us IN our present poaton. ~, ,.,.
That tho ed7gnt Of this Administration TO power would
bring not only tho good natno but tho nanoin intc9
has '1s = III
before hin. .lIe nubt help not only to daproyo tho
charges which havo boen 50 rocklcssty leapod upon
ovil o1ocs in thofuturo. Only by such notion vo
d,sarm thoao who lavo mlgroprosonted us. Buch
ooureo Of conduct alone will inspire eonadenco that
thia Administration is not representative Of party
as distinct from tho community 1t largc.
aeutlolnen Of the Council, look to you to unite
lies tho Initiative Of oyery measure Of o1pendire
The strong desire Of zach Aldarnan to urge works for
s ess s aens
rsns net eay e vssetnl appsroprisons but q cor
rupt and fraudulent schemes,
In overy instance or expenditure each mombar Of
the Council should have an - much to tho general
Of his soeton Only by keeping tis principle Of action
steadily in Wow can NO preserva healthy condition Of
We cannot honestly shift tho responsibility Of bad
legislation upon any Board ofl1cor, has ofton
heretofore boon ATTEMPTED. You vote tie epprolrl
that thsy are faithfully and honestly expended,
mi urgent upon thin point Of economy for two
Of tho general finance and trado Of Tho country tho
second Ia the fact that wo haro assumed tho adnnta
prosperous, Of oven healthy. condition. Il viii ro-
Jul tRo most prudent and akiliul financial manage
protect tho croaIt Of tho city.
In word gentlemon, our predecessors leave lie an
empty Treasury, with liabilities to large amount
maturing IN tho near future. ,...
F1NANuEg, go
Every good huan9sa man periodically takes IN &C.
hsa ~s' wo vii Ii SaVe 70 mos here s Is sse bsanse
aheot: =.
Tax certificates Of sale now hold on prop.
erty forfoited to thoctty IN 1879, in round
Tax cefsacatcs ot sale Of isia also SO
Balsnco ; of canal redemption fund due BY
State to city. 10o,000.0o
Total. ......::....:..:..::..... s7sl,7o7.so
bhtannf bonta aas ae9s; 5au l. sssSSe
Interest duo jan !, ,187A........:.... 467,75o.oo
nss2' r.; 9{sSl 1sse
tures prior To tho lst Of April noxt Mrgo portion of
It III January and Februnry. So thnt to nearly
$2910Q01 Of liablittca. the city has thB snAu sof
$lO, QUO due by tho 6tae, and whRtevor amounts call
be realized from tho above 5000 600 of n1 certificates
md from the probably very small amount Of taxes
which he collected 10 April i 1874. In addition.
fnns must bo provided with which to meet tho general
exprnsea Of tho Government.
The constitutional limit Of the bonded debt Of the
city Ia por cent Of tho last nssessaen for State aud
State taxes this year which the vust najority Of tho
citizens Of Cook County conaor UNJUST the valuation
would DO n.
NORTH DIVISION. y 25,y!g1 1of
south DIVISION. w
Nest DlHsloA. os'f4to-S
Total. .$22o 5038
Tivo or cent Of this amount Is s11 796 but
present bonded iebt is 600, And Ia thus still
$2051, ,20k In excess Of tho constitutional Limit. 80
that We cannot taao any further amounts upon bonds,
III order to moot tic floating debt fang dun between
Of January md tho current oxponHcs Of the dovern
ment.
In face Of the present Monetary atringcncy It ia
hopeless to expect to realize upon any large poron Of
tho 5000 900 of unpaid tar certificates. Not less than
5000 Of such, running back to 1906 have porIot
"a Inns