Wilmington daily commercial., 1876-04-24

Net floating debt
April 1876. ....... 500, 1862. "a
Jas. p. Hayes Esq,
DEAR SIR Please find above statement
of the floating debt of the city April, 1874,
1875 and 1876 as appearing upon the books
iD Treasurer's Office.
With great respect, You're,
FRANCIS VINCENT, Treas.
James p. Hayes, Esq,
DEAR SIR: Herewith please find state
ment OF moneys received by me as per
record,in Treasurer's office from all sources,
(not including accommodation notes dis
counted IN the Union National Bank) and
placed to the credit of current expenses
from Sept. LIST, 1874, to April Sth, 1875, and
from Sept. 1st, 1875, to April 8th, 1876,
namely
From Sept. LIST, 1874, to April
oth, 1879, ,....................@ 81, 4G5.60
From Sent. 1st, 1875, to April
9th, 1916, ........... SlOo, 5S6. 5S
Yours with great respect,
FRANCIS VINCENT, Treasurer.
These comparative statements have been
taken from the Treasurer's books which are
audited every week by the Auditor and are
beyond doubt correct Notwithstanding the
cooked-up statement presented to Council
at the last meeting by the gentlemen of the
6 til ward.
1t will be seen by the foregoing that the
receipts in the Treasurer's Office from debt
ors of the city was greater from Sept. 1st,
1875, to April Sth, 1876, whilst 1 was chair.
man of the Finance Committee than the
corresponding months of the previous year
to the amount of 521, 1909 and the notes
discounted and due bank for the cores
ponding time $40, 900 greater, together with
the note given to the Gas Company last
January, for $5,194S7 will Beyond
controversy make AZ per above statement
the floating debt of the city 800 1862. "a
April 1876 against S49 652.53 for the cor
responding time in 1875.
1t is painful to me as Democrat and
citizen having at heart the welfare of our
city to give this statement showing that
the receipts were greater and the floating
debt about double for the corresponding
months Of 1875 and 1876, tue floating debt
being when we came in power Sept. last
12,218.54, but am compelled to do go in
self defence and in defence of an economi-
cal management of our municipal affairs.
No party can gain strength by injustice,
extravaganza, or class legislation, and
wherever, or whenever men in power 30
far forget themselves as to cater to an ele.
ment whose sole object is selfshness it is
bound to recoil on them and their party.
This theory we have fully demonstrated
in this our Cen .ennial year, in the
National affairs of the United States.
To reply to any scurrilous remarks made
in his place in Council toward me by the
member who assumes to represent the 9th
Ward, l scorn the idea to bring myself
down to level with him to do 30, and shall
at all times let them pass knowing as l do
that an intelligent community will in due
time give just verdict.
To show his ignorance, however, of the
City's financial affglrs, will mention one
thing. He, Martin Farrell, stated from his
place in Council in speaking of the leg
acies left us by the Republicans that we
have had seven or eight thousand dollars,
but before he finished the sentence was
prompted by Col. McIntire and referred to
a mass of manuscript from which he stated
was paid by the Democrats SO, $50. as per-
centage on bonds. Every business man
knows that there has been ne bonds sold
since the 1925, 900 was disposed of which
were sold by John 81. Adams, whilst chair
man OF the finance committee, Cool Spring
Reservoir fund, and $4,000 for Board OF
Public Education, for which premium was
received Of about 5000. So much for the
correctness of his statement.
My fellow citizens, I have perhaps con-
tinued this communication too long, but
could not do otherwise to explain my posi-
ton and promise if the cooked up state.
ments are continued to be promulgated
shall meet them promptly and to the point,
let the result Iall upon whom it may.
With great respect,
! JAMEs P. HAYES.