Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-11-19

l LIZ
MINNEAPoLIs ASSESSMENT.
Mills.
For general city purposes ............... 14.50
| For school purposes. .............. $50
Total Observation-Disclosures. is.
| Showing that the rate of taxation in Min
neapolis is two and one fourth times as great
| IN Minneapolis as in st. Paul-seyen and
| sixty one-hundredths mills against eighteen
mills-seven dollars and sixty cents on a
| thousand dollars in st. Paul, against eight
cen dollars on thousand in Minneapolis.
WHERE TIE MONEY GOES.
In view of this statement the query as to
what becomes of the money becomes per-
tinent and readily excites popular curiosity.
And first, as matter of comparison, let us
refer to the sums paid by each city for
| INTEREST ON THE CITY DEBT.
| In April last the bonded indebtedness of
the two cities was as follows minneapolis
| has since issued more bonds, which raises her
debt above that of ST. Paul}:
st. Paul 81, 1921, 200
minneapolis ................. ...... 1926, ITO
| And yet, although our debt was larger than
theirs, the annual tax, for interest, stands as
follows:
81. Paui. ......,........... ....5 67 $3.50
| minneapolis. .::........ ...............93, 5OO
! This vast difference Fof nearly SO per cent
is due to the lower rates of interest st. Paul
is able to secure by her superior credit
a superiority fully justified, as we shall
show.
CURRENT EXPENSES.
| In the matter of current expenses Of the
city government, the showing is equally fav-
orable and complimentary to st. Paul. The
figures for actual expenses during the current
| year stands as follows:
o.: faul. :.................... 500. l26
| But in addition to this enormous excess,
Minneapolis has to provide under this head
for portion of last years deficiency, repre-
sented by Temporary bonds,'' to tho amount
of $4,000, making total of s173,oo for
current expenses to be raised in Minneapo-
lis, against $58,126 for ST. Paul inneapo-
lis paying almost exactly three times as
| much under this head as we do.
STREET GRADING.
In the only other item Of taxation, that of
street grading, Minneapolis alsosas serts her
| claim to metropolitan grandeur by overtop-
ping ST. Paul in her estimates for the year,
notwithstanding the notorious fact that she
has practically no "grading" to do. while we
have an enormous amount. The figures
stand:
ST. Paul. 500 ooo
| minneapolis. ACKNOWLEDGEMENTS. $4,000
Here, even on our own chosen
ground, she beats us $4,000. What more
can be said?
REHABILITATION.
These figures have all been taken from the
official reports and records of the accounting
officers of the two cities. A resume of the
| matter may be given in the following form:
St. Paul. Minneapolis.
Total valuation, $24 0' 0,GOO 1921, COO 900
Total city debt. 1,3272G0 l,236,7lO
Total city population. 10000 $4,000
Total city tax levy ..... 1856 294. SOD
Total levy for interest. 1880 SO. 500
Total levy, current exp's IS. 12G 173,00D
| Total levy. street grad'g $4,000 $4,000
Rate taxation, all purp's .Ol3 mills 900 mills
| Rate taxation, city purps 0O7.60 +" .GIS mills
CONCLUSION.
The irresistible deduction from these i'm
portant and incontrovertible facts is that in
the rivalry for the political, commercial and
financial supremacy for the Northwest, which
| the ambitious and pretentious young city at
the falls seems determined to force upon us,
the city of st. Paul starts on the new year
fully equipped for the maintenance of her
present leading position. She has the
| firm and solid basis OF accumulated wealth,
good credit and low taxes largely in
her favor. So important is this last
matter regarded in our sister city that the
| original levy of nearly 40 mills YVES cut
down, after st. Paul's figures were disclosed,
to about 80. They could not be brought
lower, and gaping deficiency Is made sure,
even by this cut. Now if the men of st.
Paul will work for her and stand by her in
the future, as they have not done iii the past,
there need be no fears of the result.