Weekly Chillicothe crisis., 1880-04-22

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This compromise was made with
the Peoples Savings Bank Sof our
city and included $4,000 in bonds
and $4,000 in interest. The city
was not able to ray the whole of
this at one time, but paid part cash
and reduced the $4,000 down to
S627l, making reduction of $5729
or 1929 of principal and $4,000 of
interest.
| The four compromises reduced
the debt by $l4,I29 and left 1t,
counting interest to Jan. lst 1879,
at S45,S7l. Of this S39,27l was
principal and $4,000 was interest.
Our council left unpaid $500 in
warrants and the interest on the
bonds from Jan. to May l 1879
would be $500, and these two items
added to the debt would make the
total debt $iS,6S0 as lie # by our
party and as it was when the iu.
slonists assumed control.
This last amount deducted from
the debt as calculated to Jan. lst
1879, shows the actual reduction
made by our administration TO be
s1l, 800,
THE FUsIONisTs.
When the fusionists took control
in May 1879 they found the debt
thus: S30,27l principal and s9,4O9
interest, or total debt Of SiS,GSO
But we will add the interest from
May l 1879 to Jan. 1880, as we
did for the Greenback adminstra
| tion. and this will increase the debt
to $5l, ,295.
According TO the Constitution ar.
| tlcIe referred to above, the debt was
on April lst 1880, $39,224. The
interest on the principal OF this and
on the Douglas Judgment from Apr.
lst to May lst was S2O7, which will
leave the whole debt, May lst 1880
at $50, ,43l and this taken from the
debt as calculated to Jan. 1sl 1880
makes reduction of $ll,6S4. But
we have charged the Greenback ad-
ministration with the warrants il
left unpaid and if the iusionists
leave any unpaid warrants not here
in counted the amount of them must
be deducted from the reduction by
which we have accredited them.
The Douglas judgment did moi
exhaust our remedies against these
bonds and the opportunity for ia
vorabIc compromise was nearly as
good after as before that judgment
hut the iusionisis abandoned the
compromise plan adopted by ouI
party and has now agreed TO pay
the full face OF the bonds. Thu
agreement is recorded in tho city
records and the honor of the city
thereby pledged to stand by tba
contract They claim great homo
for having reduced the interest OF
the bonds to six per cent but in con
trast with this we show that ever,
compromise made under the G!ocn
back plan saved us two years inter
est and Il good part of the principal
TANES
Examine and compare your Ia!
receipts for the years 1878 and 1879
In mem you will find the strongcs
argument for the Grccnback admin
isua'ion and against the fuSiOnis,s S
| Tie Grccnback levy was sixty cts
! on The hundred dollars while tina
= of tie (usionists was one dollar ant
: tolly-iivc cents on the hundred |.
Did any Of our citizens feel the diff
icr-nco lctwocn these two lcvIc
: when they pald their 1879, fusion
taycs ?
We haze not the exact figures bu
: WI estimate tho amour. OF each U
i these Icvies, not counting schoo
= taxes. The assessed valuation O
I tie city is about 100000.
Fusion tax levy 1879 Sl0,50
= G. B. " 1878 S4,2O
Difference s5,95
! Look at your receipts and yo
will find that If you paid $500 take
y III 1873, not counting school tax
you paid $l4, 80 in 1879. Then, re
membering that each of these ad
i minstrations made about the sam
reduction Of the city debt, be can
y did and, IN your own interest, dc
eide which is entitled to your vote
the Grccnback party that taxed yo
5000 or the old parties that take
you Sl4,50.
SALARIES.
S The Democrats paid their city as
SCISSOR $500, the Republicans pal
/, theirs 5000 and our council paid tn
j. assessor 500. We reduced salar
of marshal and police so as to saw
= S547 annually and $50 on tho n
= cordcr's salary.
: Court HOUSE QUESTION.