, 1874-01-26

three thousand dollars on tho pnrt OF Air Modifl.
no loaves .s to infer t1nt thia matter Of tho re-
fully considered and almost lonbly provided
for. Aud not ono dollar Of tho 81, 100000
omitted from tho tax.lovy was spent by my
1 mo satos Aesy aly hSon s ., po9S IT,
years. appropriations lad been spent
when he camo into office; but, in fact
only s2,282,ooo Of tho sum had boon OK
pended at that time-.an, error 2f ono million
hledlll., Aud might add, In tllis connection,
that, whom Mayor Colvin cau,o into Office, over
ss.ooo,ooo Of the years. appropriation lad been
THE CONDITION OF THE CITY FINANCES IN DE-
Mr.. Mod1l states that, whom ho "camo into
tho Mayors otllco, III Dcccmbor, 1871, ho found
l9o o9o ood Illegally dog{ drawn from tho Special
Of proceeds Of Canal-bonds, years conslmp-
tlon duo tho das Companies, amounting to some
sseo, ,ooe, outstanding ccrtitcates Of lnaohtcd-
noss to tho amount ut. o. o5o several hundred thou,
mud Relief Society. and othor indebtedness stat
cd generally aud TINT tho total floating debt
which atarod tho now Administration n tho faco
exceeded ~, ,6oo,o ,ooo." Ho also adds that, - Tho
Treasury was baions picked bono, md that
81 300 QUO Of tho Canal-lien money went to make
good tho void caaeed by tho rebate and ropeal
of an oqual asnount Of taxntion."
ALI OF THESE STATEMENTS ARE ERRONEOUS
in lottor or III spirit. Or both. The facts arc,
that the amounts due tho Special Funds were
borrowed to pay part of tho appropriations In
| advance OF tic taxes, which, when COLLECTED.
would repay tho Special funds. This had long
becn, and has continued to be, the established
financial practice Of the city; which, by thus
using temporarily itB own funds. othorwiso do
| tn tho vvcasMry, snves largo amount OF in1or-
est, and is olsablod to prosecute itB public works
during tho first six months Of tho fiscal year,
hnriE n frtNbnr bn
!ied on 1t at all. AS tho taxcs come in during
the latter part Of Tho year, they arc used to
repay tho loans from tho Special Funds, which
only need to bs returned when reqnirel to meet
words, the city, BY tue aid Of It's Special Funds,
discounts it's aax-leyy. Tho custom has boon
long in use ita advantages arc nanifost and
Mod dSi' to a'i na fault With VII hoid e. liz q Ans mr.
istration did exactly the eamo thing; he
| Justified it in hia message to tho Council,
OF Dec. 2 1872 and his Administration went out
81 office leaving a. 2o5 eo7 46 due to tho Special
Funds, and to 10 replaced from its own tax-levy.
Nor could tho facs that tho city owed itself tho
| amount which ho states, and which tho tax-1evy
| would repay, ombarrass Ills Administration. OF
Justify him IL in ,s calling It "a a aesting debt which
indebtedness was not $500, 600, but $253, 600 Of
| unsettled claims, which he was not Obliged to
tho same, and that portion Which was juatly
L
! Works advisedly to complete tho groat work Of
deepening tho Canal, and to make avail
:sS 6 t5o sys rsssdng E,a '1pSsdter0 ass vo,t Ct
total amount Of their bills to Doc. !, 1871, was
not S350,00D, but only $189, ,171.17, large por-
ton Of which was disputed by tho city, and mono
| OF which was to DO paid until tho year's taxes
indebtedness did not amount to several hundred
thousand dollars, but only to S138. .707; and this
amount included tho GOO borrowed from tho
Relief aud Aid Society. And tho total hoating
caten current o1ponses for November. and other
| items, waB but 5000, TOT. We're to apply the
Same rnle to his Administration which he at
tompts to apply to mine, thoir respective ac
counts would stand 81 follows:
MAYOR MAsoN's ADMINISTRATION, DEC. !, 1871.
Total certihcatea Of indehtssinoas tntcsest-
Total oter acatps aeGt not bcarias ,ntor 4'0''
Total ioans IRON, spec.i l4s1sS
Total nontIng debt and Special Fund
441on NEnlII i xDsisIs1ai1iox, pfo /, 1S73.
Total certificates Of indebtedness {intorest-.
1o{s! eter oating ncs bssns ucrcs
Total loans from Special Funds. ,o95, ,6o7.4
| so.1s7, 4
or tiHoronco against Mr. Medll's Adm,niatra
tration, aud n favor Of mino, II his method b'
avn nSr s,.II1nx runrr unnnurn r,,ona.v,
! o'AA| oA 0-' o1-.1, A"oo0"A'A
| .,ot, ooa.Ass. ., ~ ,,,;, =:
anu nnat!y ~ Lnls conheetlon Alr. Nedill uic
not thd tho CITY "Ironsury baro Ra picket
bone," for it conta.nod $458, ,5G3.8G, US appears
from the Comptrollor's books md no part O.
tho Cnnal-lion money was used 10 make gooi1
void caused by the rebate or repeal OF taxation
for tho very good reaBon that, nj have shown
no such void ever existed. Tie amount by wllicl
tho tnx-]ovy was reduced was not Hpont moi
| hntjCipAtcd. WpH not needed, aud Waa, therefore
mover raised.
THE FINANCIAL OUTLOOK OF MI. MEp1L1's ADMIN
1srnAT1oN.
Let it bo remembered TINT AIr. Melil did moi
come iuto Office until noarly two montha afto
tho Great Fire, aud that much had been done i,
that time for tho rebuilding Of the city aud tlt
| reatrangenaept Of itB nfinirs The mon wht
began to rebuild whilo the runs wore blaziug
aud who inscribed Oct. 0, 1871, upon the from
Of their nov structures, did not wait fol
Mr. Mcdll to tako his sent. Tho Water
Works lad boon restored to use; tIo now cit,
Hall wns nearly rouly for occupancy md pre-