The daily gazette., 1879-02-19
A FINANCIAL POW-WOw.

Last EVENING-THE CITY COUNCIL
AND BOARD OF EDUCATION ADJUST
THEIR DIFFERENCES.
At recent meeting of the Board of
Education, that body agreed upon save
raj amendments to their present charter,
winch was to be presented to the Gene
raj Assembl for their action.
At more recent meeting of the City
Council, that body on motion Of Mr..
Pavnter, instructed the Clerk to procure
q copy OF the bi II as agreed upon by the
Board of Education. The bin was pro-
cured, and read before Coun al on Thurs
day evening last, and was referred to the
Committee on Legislation and Finance
Committee. The committees not hiking
some of the provisions in the bill invited
the two similar committees of the Board
to meet them last evering, in order 10
ADJUST the matter amicably.
The four committees met in the Mayor's
office, there being present on the part
OF Council, M essrs. Paynter, Taylor, Nc
Glinchey, Guthrie, Jones and Price; and
on behalf of the Board. Messrs. Baird,
Speakman, Kent, Belts, Pyle and Presi.
dent Eckel. Mr.. McGlinchey, chairman
of the City Council Legislative Commit
tee presided. The City Solicitor was
also present.
The bill was taken up, and the various
to lengthy discussions especially the sec
ton which requires that he City Coun-
Gil shall pay to the Board of Education
their appropriation in twelve equal in
stallmenis.
Mr.. Baird said in explanation OF the
section that the Council pay them their
appropriation in twelve equal Install
ments, and II ot in bulk as at present.
There were times that the Board had
several thousand dollars living in bank
that they had no use for, and at the same
time, the city was borrowing money from
the bank, and the bank was no DOUBT
loaning the city the money that was on
deposit to the credit of the Board. BY
the new arrangement the Council could
have the use of the idle money. all the
Board desired was that Council honor
their checks when presented.
Mr.. McGlinehey, said he thought lie
saw sharp dodge on the part of the
Board in asking for twelve equal INSTALL
ments to get five months for three.
Mr.. Baird said there was no sharp dodge
about IT, The Board has already provid-
ed for the months of January, February
and March, and 1t certainly would not
ask the Council to pay those months.
The Council has to pay the whole amount
of the appropriation anyhow, and the
Board had concluded that the install lment
plan would be the ea,iest.
Mr.. Paynter desired to know If the
Board was willing to wait and commence
the monthly payments in January $780,
City Solicitor Macallister, said that he
was there IN the interest Of the city, and
had duty to perform. The CT " Council
according to the present charter of the
Board are in duty bound to pay to the
Board the full amount Of their appropria-
ton and ifthev have not the money they
are compelled TO borrow II; he did not
think that the inst tallment plan would
make any difference to Council.
Mr.. Baird said he thought 1t very fool
ish for the city to borrow money when
there was mouey in bank belonging to
the Board. By the new arrangement
the city could use that money and there
by save the interest.
Mr.. Guthrie said he had no objections
to the law, all he wanted was justice to
the city. II he understood the matter
rightly all the balance of the installment
not used by the Board would revert to
the city.
Mr.. Eckel said that the point was that
IL the monthly installment amounted to
81, 800. and the Board only gave out
checks to the amount Of 5000 for that
month, why the balance reverted to the
city and they would have the use Of It,
dAAhk bhV COL thD thCCha vi tho boatu
are not to exceed the whole amount ap-
propriated, and If at the end of the year
the Board has only expended $62 900 of
the S66,000 appropriated, the city gets
the benefit of the remainder, ,as we would
have no use for it. When you gentle
men took hold of the city you found it
nearly bankrupt; you found depleted
treasury, and you found that $4,000 be-
longing to the Board had gone God
knows where, Now, look at the matter:
During July and August the Board has
$40, 200 or S45, 1000 laying in bank which
the city could use, as the Board would
not want any money until October. He
thought the installment plan was for the
best interest of the city.
After some further discussion the Sec
ton was amended bv adding that the
payments shall be made in twelve equal
installments, on the first Monday of each
month during the year, provided that
for the year 1879 there shall b, nine equal
installments, commencing on the first
Monday in April.
The section in regard to the city fur
nishing The schools with water free, was
after a short discussion, stricken from
the bill.
The bill as amended was then adopted
by the Board and left IN the hands of
the Council committee.