Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1880-01-25
Organization of the New BOARD and
Election of OH eers.

/ Election of OH GERS.
The old Board of Mayor and Alder.
men held their last meeting at $3.50
O'Clock yesterday morning, Mayor
Luttrell presiding, and a full repre-.
sentation present. After reading the
minutes of the previous meeting the
following resolutions were offered by
Alderman Allison
Resolved, That tho thanks of this Board
arc due, and are hereby rendered his
Honor, Mayor s. b. Luttrell, for the
courtesy, fidelity, impartiality and etli-
cheney with which he has presided over
our deliberations during the past munich
pal year.
Resolved, That we do now assure him
that although the mutual relations we
have borne during the past twelve months
are about to be dissolvedi that he will
be always lowered with our best wishes,
our highest regard, and warnest esteem,
The resolutions were adopted by
unanimous vote.
Mayor Lultrell returned his sincere
thanks for the kind remembrance, and
the old Board adjourned sine die
Mr., Ii. B. Branner, the newly elect.
ed Mayor, then presented himself
was administered the oath by Record.
er White, and took his seat as Mayor
OF the city. -
The newly elected Board of Alder
men were then called up In q body and
sworn by Recorder White. AS thus
sworh, the Board stands as follows:
T. A. Hudiburg, j. j. Atkins, Alex.
Allison, Jas. O'Conner, M. H. Dicks
con, f. Hockenjos, James s. Boyd, +.
e. McCroskey, Lawson Irwin, t. A.
Burrier, Hu. Michaels, s. A. Caldwell,
p. Il. Maekey, M. D.Sulliyan, John P.
Murphy.
Before proceeding to business, Mayor
Branner read the following sensible
address to the Board
Gentlemen Of the Board Of Aldernaen.
In taking my seat to preside over your
honorable body for the present year, l
wish to present to you my Views, in as few
words as possible. In regard to the fnan-
cial condition of our city, i most earnestly
call your attention to the large floating
debt, amounting to the sum of S8l, ,08749 |
according to the financial report of last |
year, and said report also shows that the |
city has uncollected taxes due her of only |
SOL, ,495 7S (and how much of this sum is |
colectable | can not say, thus leaving a
deficit of nearly $50, 900 Qf the whole of the |
sum for back taxes should be or could be
eollected) of liabilities over resources in the |
floating debt alone, not mentioning th Q large |
bonded debt of $13l, 200, for which there is |
no provision or resources: besides, the |
reater proportion of the floating debt is |
bearing six and eight per cent interest, and |
$4,000 of the floating debt is judgment
due the University, that has been due |
A. e.. of
said judgment by providing means to pay |
the same, the interest has not even been |
kept fully paid up, but has been allowed |
to increase the principal near $2 600.
Hence, we see from the above statement
that the city is in bad financial Ntatus.
Besides, ii is fact known to all, that the |
city's paper is sold on this street at from
eigty to eighty.fve cents on the dollar.
Now, my great DESIRE with your earnest
help, is so t. run the city's business that |
her paper shall be worth one hundred cents
on the dollar, and that she shall be able to |
meet her interest and other liabilities
and at the time agreed upon.
This can only be done by an economical
administration, and by not embarking in
any wild or extravagant m easures.
We all know that, as individuals, if we
have an income of $500 q year, and we
spend 5000 it is only question of time
with us when we shall have to go into
bankruptcy; but on the other hand, if we
should be In debt and have an income of |
$500 and spend only $500, and apply the
balance 20 our Indebtedness, it is only a
question of time when we will pay out;
and, as individuals so with corporations.
Now if we find it impossible by judicious
retrenchment to be able to meet the city's
interest on the debt and get the floating
debt reduced to such figure tnat it can be |
handled easily; then there is but one other
method left for us to get out of our diff
culties, and that is to raise more means,
and that can only be done by increasing
the taxes.
In closing; 1 will say, let us by all means
raise our credit up to par, SO that our day
laborers, school teachers, and all other |
creditors of the city shall promptly be paid |
100 cents on the dollar for their claims, |
and at the time specified; and to help you |
reach this end l will give you my hearty
support and most earnest cooperation, !
And if we should accomplish this end, we
will do more to help build up our city than |
by any measure or measures We could have |
devised or accomplished.
The first business was the election |
of Recorder, and on motion of Alder
man Sullivan, amended by Alderman
Atkins, Geo. M. White, ESQ was re.
elected to the position of Recorder by
a unanimous rising vote.
The compliment and token of conf
dence and esteem was appropriately
acknowledged by Esq. White.
On motion of Alderman McAffry, It |
was ordered that no one be admitted