Daily Republican., 1879-09-02
The FIX We are In.

The FIX We are In.
No matter which party Is successful
t,.day At the polls, the successful man
agement Of the finances for the coming
year will BE- difficult affair. Notwith.
standing the fac. that the last Legisla-
ture came to the aid Of the present City
Council with Sl45,0 900 to pay of the
floating debt, there will eventually bs
another floating debt Of $4,000 at the
end of tho present year. After all the
floating debt that could bs thought Of
had been Yaked together It was found
only to amount TO s11l,000. THIS
amount was promptly funded, aud
there was S34, 900 left which went into
the fund for the current expenses Of
the city. Up to the present this amount
with the revenue from the city and the
taxes collected, have all been spent s1-
oept about s75,OOo. This with the
little tax dribs yet uncollected is all
that is left to carry on the city until
the first Of January-four months yet.
With all the care and economy that
can be exercised floating debt OF from
t25, 900 to $3O, 900 by the end of the
year cannot be avoided. 1t will take
At least 100000 to run the city
up to the month Of July, the time
wher the taxes for 1880 will be made
available, and the question is where is
this money to come from The Legis-
lature has passed an act forbidding the
City Council to borrow money. and SO
there will commence the difficulty right
.. tho CONNIE 1csmeut Of the year, and
no matter which party succeeds to-day
this is the difficulty that will have II
be met. Should the Democrats still
retsia their sscendency in Council they
will be met with the consequences Of
their own extravsgance and misman.
agement Of the present year. Should
the Republicans succeed they will have
to grappls with the difficulties for
which they are not responsible. The
cry by the Democrats Of a reduction Of
taxes may perhaps have served its pur-
pose by decsiving the unwary, but the
reooil which is at hand will be trsmen-
deus. Should they retain power, they
will not only have to raise the tax rate
70 meet the deficiency Of the present
year but to raise an additional amount
for next year. There are two horns to
the dilemma and no matter which il
chosen there are difficulties in
the way. The raising of the
tax rate will be inevitable and
that will only show how hollow
was dll ILLS huo dpout d loW lax IdIt
the present year. If the tax rate ia
not raised public improvements will Re
brought to a stand still. The streets
will have to 60 without repairs, nc
more new ones can be opened, and the
lamp service will have to be curtailed
We have all along ssid that the tax
rate was too low, but the Democratic
papers without an effort TO adduce an
argument to show that We we're wrong.
simply tried to create the impression
that the REPUBLICAN and the Republi-
cans were in favor Of high taxes. They
may have succeeded in making many
people believe it, but if they have and
they are allowed tq continue in power
another year they will have to face the
consequences of their own folly. To
sum all up in nut shell vs. are safe In
saying at the end Of the present year
the city will be in debt $95, 900, with no
means with which to pay it until July
next and no money can be borrowed for
that purpose. This is not a very in.
viting lookout for the party that will
be in power.
II YOU have not voted by the time