, 1876-07-02
BORROWING MONEY.

Rnpp0w1NG aF0NEv.
-, ,rr,-, -,,>..,-cn co,r,,1r.rrv
THE LAnohs oF ihh t!saNeh eoa"i' ''.A
me c'tys nnancai @ tpa T;onnao
cndgeiinp it's brains and calling to its aid the
t~a,.c ~ ch;o,,o,e nr,n;,.,t citizpns All ar
,.,,o,,1a,,o ,ho ,,ccose;tv ri ,n,mcdiate oction.
knowledge Tie neeess'1y " 'u'i'es'"te "e.Aot'
and, with common honest purpose, are cndcaV-
oring to do that which will be for the citys best
interests.
' Anathor ea, ;nform,, meet;nr was held Yesterday
Anotnef nto,n.,la M aaan.es, G;r,a =. sh;ot ~ ~
morning al Ald Mccreas olnee' a. "n4e'1 !,n,on ~ ~
Field and George Armour were present. The
meeting discussed the plans proposed at the
80. $1,000, r,oot;ng and nronounce1 them
ff'uas s1'e1 no'A LAG '''t' 1''@ r
GOOD 1ur nrsu1r
will be that the Finance Committee will proba-
~. adro~+;so for a 1oan from the reople. The
Wy ~ 49, .,,a hn,,.ers ;s that t,,av world
sentlmcu1 ahon 1ns aos;tas1, ,na,o, -,
not be justified IN loan1ng uepos'eo1s' nlones "
the city, tnasmuch as it is liable to be called for
at any time, They think it would therefore not
10 -r',onnt n loan the city money on a vear's
t; us nrd +be Einauce Committrc deem it nru-
dent dt' not @ to CT make any shorter paper, because
in':, ine oottoIsa 1s9g the rreater part of which
,s.n ,en} ~ n,,t 10 collccted under ycar's
.;.,a ~ III Tho 1enersl iiea seems to be- that
49,. 4; ~ uce in ntolzinr this short paper when
- "a evident that it cannot be paid when due.
y ~ - Ian1sars ara imnressei with the fact that
lne 'S,,st have m,1nry. hut iustead Of their.
,n;ng uu nnt their dcnostors funds, which they
.oat,t 'nt le "ai,n On in few DAYS to hand over
~ 9fhose same ienositors. thev think it would
| ~ taS4 suost =, 0~~&&N0
w o~os W. ,- ,v,,,r NJ, ,,yp ppoprr
| e. 4h,e ,oen Viii : or nar cent security,
1Gl ,llls 4ha committec shall thinIS proper,
"n'ene'e1 y. 1e +ba General opinion that the
~ !e - riiI oiadlv resnoud. The amount
| - Pff"FFI FFI,a loan viii NOT be over $1,00O,-
o. o., LIE toaI ~, r,r,n,;+tae 1,one tn ret
wv, anu .le ~ +;,a ,nsetinor Yesterday scv-
| alons stI,an w. a1nresscl the aniniou that if
eIa1 gen.leeaa "a ,1onny ct or ner cent. nenty
eau1d ~ be ha The most encouraging part Of
cou4q us nau. .x,,e ~ +bat Wr F;eid and Nr. Ar
Lhe , anTass,c 1is willingness to loan the
mouf eo ec1 doG pnt,,er ,re11-tnown and wealthy
c!ty eoo,ovv::, w., oLneA 1,e 1o,ht hc yTi1inr to
! JE tI1 .,;+ =, +hie matter and it is thought
1nere WILL ra1n;,.1t us ~ hanEcr has the credit Of
loan. ptolu.ns n,.nsa 41+ha rn-nvn;ttee md in
ffsuggestns t;s s caer;t 10 sovs he il SIRE his
evidence VI ' 1.n- ~ as mich as soOil 0nO
ospost1tS , III - he verv plad to loan to lie ety
Wn1ch they WI. ue ,o1y c.n he arrsn~eil
As soon as ~ ens F. ~ s1n mn an ,nwards vii
loans TO the M' Nv, ~ s1n mn has heen
| pc maae. lnG H. sui ,,,;n;mnm tn obviate the
| n1ed upon ,;o ~ .ue 4rn.r ~ verr large MN
hor W sa1i l6ans Tic fact, also, that coun-
| H.>y ,e-u 11finE
tet.eltms 800 euo smonnt If small certificates is
Whefe !atee Go ~ ...,;r1,+ j., dctern,ininc this
lssuea n'.s re tha nsrt NJ the Committee. It is
actlot ou eAG 20. tro+ tna rnnrescnt,tives of
gran1yl!g " hho" ~ .n~H nnr,;nr fdr,yorI ready tn
| ChcaSos "en1u a1e eoA1e
snow tne!r e,1n,,,vcr~ 7s ,pp ARr.Dayr
| RESOURCES,
| .. 4ht +I,o,. 49, at stoc1,ho1ders as
Inc op:nioth ~ a;t orI ,hat +hey cannot afford
II |ele, ~ t1e ,n;,nstns .1l and ot1t of this
70 ~ 1870, ~ IT s11hstnnf;ai nature will
1eei1nG n,s,,1+
~ 4ouu. III he another meeting Of the Finance
| ro,nS,;t+ea at Aid. NcCrea's office Monday
| Conaluilees f.s+har d;scuss the situation. and
nloa nS ~ rannrt for the Co,1ncil which meets
-: - Ri.a 1af+onn;n A1tho1,rh the Committee is
IL tns =; n's +ba outhnTitv to renort an ordi-
conuoenI - Ia @ ~" de+ai5s ri t|;s nlau. it
uauee 1,,t,x1,9 +hns- details tn the Council
WI! Hun 49,; e' trnc+ions In the wuy of an
ana lnen asA io4 At'0'1 "~''
| oFoll1sa4ee' v4xrs
| .,,+.,ra1 +Lat commercial hanks
| has,G i,o 1,nwil}jnp to make the loans required
stlo4lu ~ ,us;a, ,S,ni5 h. at a cnu,naratiyely
ny Tue eles1 tnraet fnr ,,er;o1 If time extend
~" rue " ..tI ~ on n,onths Not only would
| ny " neatt - Lo,i. ~ th;e nat1rf. to lock
IL pe uu"!se ~ =; o ananr;t:as which cou,d not
| up rs lunus ar+o1 ~ ;ntn cosh II y sudden
DC easily eonse'son 5omond NJ # Int It is really
! cr1sls "eiE W ~. ~ tha law for then,
| asans1 LIZ oe i"n1 1oans. BESIDES this,
| TO mahE sneos +,o,. e., ,,sa their funds for
%neI lall e9Gs - 49, ,,rcs of interest. It is
sno,t pei4ohsf ao' a,nGs ;nst;t11,ions loan aacu-
Me Gu 1,r!yatc indiyiuals to loan money to the
S4So1 ~ L.,4 .>,,-, Il, ,,,1d 1,n nfk e1r-