Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1879-04-23
CITY CGN.NCIEs
The regular. semi monthly meeting .: d
City CoGlcil was held las! uisn;.

The Board then took recess, TO await the
action Of the Common Council co the rr3poai-
lion to compromise the city DEBT.
Upon reaseembiing the resolutions Of tho
Comm5u COGoc:l. declaring that the Cou6oH
would scssp. ono OF :hs rropositlcns CT the
toodholdsrs auG prOcasd to coo.iiar which enc
shcud be .ccep.ed, was cocoulred il.
Tho proposition o. the bondholders 10 !uGd
tho interest 10 fifteen gear certificates, bearing
per cent. ioter9st, Was lucn nut before the
! Board.
Mr. Moora favored the proposition, tn: Was
| afraid that the So tax would not carry it cat.
lie would not vote for revenue bill Imposing
moro than So tax.
Mr.. Strauss said that the tax would have to
be 1926. which vas too muoh 40 additional
amount Of Sc 900 would have to b. raised. Ha
would vote tOc tho proposition az 1t passed !hc
Uommon Couocil, but doubted its wisdom.
Mc. Smith would offer resolution 10 lest
tho sense Of this Board % both propositions.
! liz rather favored the twsoty year proposl.
| iop.
C5snt. Reid thought the fifteen yea. propo.
! si!ion ihe hest. lie did not think any more
! maney would have to be raised. The. siotlcg
fluid, with tha differoEc, Of Interest. would
| mako tho f!tee0-5ear plan moro than tql'l to
the other.
Mr Strauss thought the siokiog lund would
b, Of very little USE under the htteep-year
plan.
Mr.. Snih fealei that al uo:cas, q! tag
a!!On would Gs NECESSARY.
The vate Was then taken on concurrence 10
The ic:ian q! tie Co1amoD Council, and it vas
concu,.ed io-ayes, Mes,rs Moore, Marbury,
uo.s, M,ssrs. Burroughs add Smith, ..
Ina n. ~, nd
COMMON COUNCIL
i'acrl wae quite full attepdarc, q! the :er
lar meeting last night.
The .wo plans fJc iundiog the city debt were
laid b,lcir thr Board to wit:
No. /. FundiDs the principa! 10 par bonds Of
8 per c.nt interest for II years and 3.G5 for 10
years; cod iunGiog all the interest on tho pres
cot debt tius on July l, 1879, 10 tax receivable
certificates running Is years with 5 per cent
interest llj 20 DO had every year.
No. .. F0nding tho p,iocipal as in No. |.
bu; funding the coupons 10 per cent bonds,
payable 10 20 years.
Mr. Smoot moved that proposition No. be
sceppted b. the City Council.
hlr E7aus moved to amend by sco,ptIag
plaa Ne. !, and said Sl40,O COO would pay the
debt, principal aud interest. uadsr No. !. %
tho other hand plan No. ,. would require
would still. be Gus at the end Of 20 years.
sinking fuud had bsen talked Of. "A sinking
fund doa'; mean relief uoti! the whole debt is
paid "
Mr.. L1,ham-l had hoped, sir, that the
proposition would COMO 10 some different form.
bad made up icy min5, sir, to content myself
~hcn the matter Was here iI proper form with
the remarks which made last meeting night,
mud l2sve The question to the members to de.
eide; but tie form Of the question ct this
time I otisc; 10. fit car DO douo | would
like The City Council to say tina. they will q,
ceps oun or the other Of the proposition. | an
cppcsed to beth.
rne chait-I thick you havs struck the key.
ncte. The Council should decide to accept
ctrtai5y either one or tho other.
Mr.. La.ham-If the nembera will vote tha.
We will ACCEPT onu or the other l Sun then pre-
pared to take sidea on tho reudlug proposi.
tons.
The Ghais-Will tho gentleman submit some
.cbs!tu:a fox the resolutions now before Coua
ell that would DO 10 order.
Mr.. latham hal rather s)no member III
favor OF tho measure should propose subsh-
Iuie.
The Uhar-l will do it. Suyrendsri the
chair 10 Mr.. Hill.
Mr.. b1tham-Whlo you are writing i, oIt
will 20 aloag with ny remarks. an con
PEELED 10 &C: iG tho nreseut case according 10
;Dy poor ldsmen,. | would like it to be &c
cidcJ Ivy ;abier minds tbaa mlDe. au DOT Is
pEsyiog u,au, hut It there ever was one thing
20 which dasi,e 20 cot cosscientiou-y and IN
GersandGgy anywhere ills in this have
frequently found in things personal to me that
l was wroDg, aud l hsvo many times earnestly
aId prayeiful!y RED to pursuade myself that
was wrong 10 my view Of thi, question. l de
sire to be eonsiccad il | sm Wropg, bu. have
not heard orc word on. cfa great deal upon
the su!jact to cause me 10 charge my
views. 1t may be that my mind is olord'
ID, or my understanding dafkensd, but for py
lif. caunot understand il. l do not want TO
irtcrpose suythiug which appears faciou5 upon
this proposition.
Mr. Bscknnm then introduced q reso;u:ion
10 substance, So follows:
Resolved, That one or the other Of the pro
positions SUBMIT ID by G. r. HootF, esq b
accepted.
Mr.. Beekham said ha did not have muck TO
say 10 the matter. He believed that hs BE-
!onecd to majority OF tho City Couocl Who
were in favor OF honestly compromising the
debt. acd his resolution was intended to take
ono frm step % tho sut got, 81 as to render
9th stems possible. Until the Council bad
agreed 10 accept one OF the Two plans It Was
useless to waste time in discussing their merits
or differences.
Nlr. Eichberj; had no doubt that the propo.
stion No. . WIS the best for the city. tus the
question was ,u!d the city pay the money re-
quired by it.
Mr.. Latbaul rose to the poiot Of order that
the discussion of the merits OF the separate
plans was not permissible while Mr.. Bsckbsm's
resolution va pending.
The resolution was adopted eas 10, nays g.
The question then REQUIRED upon the adoo
ton OF plan No. Ito fund principal at 3 per
cent for Is years. S65 for Is years. and cou'
po1s to be provided 10 tax receivable osrth
Gates, runuieg Is years. payable one itteenth
10 annually iostalmen!s. and bearing per CT
Interest. and sitter some explanations tho plan
was adopted-Ayes 7, noes 6.
lit was informally agreed that meeting be
held es soon as the Corporation Attorney C 10
prepare the bill TO carry out the plan OF COIN