The daily gazette., 1879-08-18
For the Gazette.
SOME FINANCIAL FACTS.

MIR. EDITOR II have had occasion
to examine the appropriations for the
year 1878, as set forth in an ordinance
dated January ist, 1878, by the former
Council, Republican). l find the fig
ures to be as follows:
Total appropriation for the year 1877 8,
1895, l40.5O.
On the 4th Of September, 1878, the
records show that there was but $46, ,022
left to carry on the city government
for four months, to January lst, 1879.
There was no other alternative but to
make extraordinary appropriations in
accordance with the provisions of section
40 of the City Charter, and by virtue
Of the powers granted. There was ap-
propriated the sum of $24, $50 for the
balance of the year 1878. You will per-
ceve that 1896, 140.50 was not sufficient
to carry on the city government for the
fiscal year 1873, from January to Janll-
uary, but it took in addition to the ap-
preparation of 1896, l40. so the sum of
$24,750 more, which added to the ap-
propria ion of $305, 140.50 makes a total
for the year from January 1st, 1878, to
January 1st, 1879, of $410,s0O.5O. Now
let us examine the standing of this
Counci! Tor the year 1879 TO September
LIST.
The appropriations made January 1st,
1879, for the fiscal year are $349, ,S27.S6.
After paying numerous old debts which
the Council found unpaid amounting to
$4,000, there will be left of the ap-
preparations on the LIST of September, $780,
900, to which add the mount paid fo"
old debts contracted by former Council
of $4,000 and you have STA 600 instead
of $46,922.00 which is $2S,OO0 IN favor
Of this Council, who has in Bank at this
time $4,000 besides what will be col
lected this month to September 1T. The
former Council had no money in bank
on September LIST, their account was over
drawn. Although they received more
than 100000 for taxes to september
lst. The question is did it take that
amount to paw their notes in bank up to
that time, with numerous other notes Of
their own making falling due to Janu-
ary 1st, 1870, and still leaving floating
debt of $145,000.
Let this question be answered by them.
The appropriation of 1895, 140.50 was
not sufficient to carry the government to
January 1st, but it took by way of an
cxtraordi' ary appropriation, the sum of
$24, 10000, making the total amount tor
the year 1873, $4l9,S90.50. The differ
ence in favor of this Council is $70,O62.-
Ga. 1t spIain to be seen that this Coun-
Gil has managed the finances in more
economical manner than the former
Council.
The former Council had an assessment
of $2G,000,000, at $l.20 on the hundred
and failed to raise sufficient revenue.
This Council had an assessment of $23,
OOO, 900 and with rate of $1.15 on the
hundred, will be able to carry on the Gil y
government to January first with some
add tional money appropriated to help
out two or three appropriations which
will be short. If The amount due the
City on tue lien books of at least $40,-
| 600 were paid the city would be in a
healthy financial condition. 1t looks as
If it would be wise thing 10 stop fisur-
ing about what has been done and pay
up what is due, aud has been for years.
1t is not supposed that if the next Coun-
Gil is Democratic it will resort to extrav.
agance and spend the money re klessly,
Uut will keep within the amounts for
each department. All will be well, II
those who complain and threaten will
urge delinquents to pay up. There neet
be no fear of a floating debt. But &c
complain and threaten, and stand aloot
while those who are willing
though humble men, to conduct the at
fairs, in the best possible manner for tht
interest of all, s. ou d be encouraged bt
those who profess to have wisdom and
forethought. Let such step forward alt
lend helping hand, or hold th"ir Peace
| CITIZEN.