Daily Los Angeles herald., 1878-12-08
r..a sss city peD'.

The Workingmen have now ao-
soluts possession Of the City Gov
oFnnsnt Of Los Angeles. They
have 1t by . preponderance which
NJ would not wish to see our own
party have, because large major
lilies dlsintegrate. They are cor.
rsctly looked upon as generally
fatal to intelligent and virtuous
loelslation, whatever the scope of
The Legislature may be. While
We did not hoist the Peoples ticket
TO the head Of the HERALD-declin-
ing to do 20 In faot-we gave 1t an
extended notice in our advertising
columns; and, having no regular
Democratic ticket to support, we
preferred u to that Of the Working.
men on the grounds, often an
nouncsd by US, that this new or
ganization had failed to put forth
candidates distinctively represent
alive Of its own prlnciples. 1t has
succseded, however, and decisively,
In our despite. It is flushed with
victory and it probably will not
feel inclined to heed the good hu-
mered counsels which we now ten
der It. As to the matter OF defeat,
We are used to it of old. and it don't
affect our equanimity in the least.
We have always had hankering
after old Davy CrocketCs maxim:
''bs sure you're right then go
AHEAD" Indifferent as to the out
come. In advocating Democratic
principles we are sure that the
HERALD Is right and that it will
ultimately come out fright side up,
with care"
We to-day have just as hearty
and pleasant feeling towards the
Workingmen's City government as
II = regular Democratic ticket had
been In the field and had been elect
Cd. We wish to see them pitch
their measures in the key Of success
--of course, provided that they seek
the true interests of Los Angeles.
On the ensuing Thursday the
first Workingmen's Couneil that
ever assembled in The city of Los
Angeles will meet. The great,
capital need of our municipality is
the funding, at reasonable rate OF
interest, of the several debts
which have burdened it. II
10 only within the last five
or six years that Los Angeles has
been . modern town. Our finances
have necessarily been in a primi-
tive state. We owe lot of money
decidedly more than, il we had
had the dictation Of affairs, we
should have suffered young and
growing town, subject to sstbacks,
and to alternate febrile progress, to
owe. Butif all our municipal debt
were funded, say at seven per cent.
Per annum, We could carry the bur.
den very easily and hardly feel it
- an incubus. The way the thing
stands now certain portions of our
debt mature in lump sum, swell
ing the rate of tax impost to an ex.
tent which appalls property hold.
ers and scares off intending invest.
ors. Were the total municipal debt
funded at seven per per cent, the
people would hardly know that
they were suffering any inconve.
nience as taxpayers. The new
Council should at once, with the
advice of the new Mayor and City
Attorney, devise proper funding
system, with moderate sinking
fund. Ifthis is done in.elligently
and sagaclously Los Angeles real
estate will be, within u month
thereafter, one of the best invest
ments on the American continent
and our rate of taxation will be re-
duced, at blow, to half the present
figures.
Will the Workingmen's Council
take our advice, rendered in q spir.
1t Of hearty cordiality? If they will
do 30 their victory of the other day,
instead Of being an eccentric and
ephemeral result, likely to be re.
versed at the next election, will
have lasting effects for good. OF
course 1t will take time to mature
the new system. The Legislature
which meets next winter will have
to pass enabling acts, but the inter-
vsning time gives ample opporto
nifty for perfecting every detail OF
the new municipal system OF
finance. Should fair measure be
matured the people and the Legis-
lature will surely approve of 1t.