Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1881-05-13
THE r1nANp CokMlTTEE.
What Is the City Coming Tos-A Seem
ing Want for a Loan Ordinance.


When the present Council came into
office there was debt OF about $4,000
hanging over the city, and owing to the
fact that the people had voted down the
Loan Ordinance there WAS apparently
no way OF disposing of the same.
By close work and hardly any i'm
provements, ii indeed any, have been
made, the city debt is now about $50, 900.
Nearly all OF this overdrait is at the
Exchange Bank. A few meetings ago
Mr.. Kimberly introduced resolution
into Council instructing the Finance
Committee to report some plan OF dispos-
| ing OF the debt at the Bank, and also q
resolution instructing the committee to
report the adyisabiity OF purchasing
the Fifth ward market house certiti-
Gates (Sl3,5O0).
At the last meeting the committee re-
ported that il did not deem it advisable
with the present state OF finances to pur-
chase the market house, and that
the present mode of paying
the debt. viz: as fast as the
the city was able, the best mode of DIS
posing of it. This report raised a rum
pus and much talk and pow-wow was
INDUCED in over it. Both resolutions
were voted down and the whole matter
| referred back 10 the committee.
Last evening the committee was call.
ed to consider the same. Messrs. Simp-
son, Laughlin, Wilson and Hoffman
were present. The matter was discuss
ell pro. and con. Especially was atten-
ton paid to the evident desire OF the
originator Of the resolutions, to have the
committee report favorably in favor OF q
loan ordinance and also his evident de.
sire to saddle the responsibility onto the
committee.
| As vet only one annual estimate has
been put in, and that is the one OF the
City Surveyor. Those OF the four regp.
lar standing committees are to follow,
and they will be referred to the Finance
Committee. Then it will be known
what amount Of money will be needed.
II loan ordinance were to be recon-
mended now, beyond the mere specify
ing OF the $50, 900 debt, the public would
not know where the remainder would
go, and like the other ordinance, would
kill it.
II however it should become appar-
ent, afterthe estimates are in, that a
loan is necessary, then the question
could be plainly put to the public--the
city must have loan or all your i'm.
provements must come to dead stop
and what has been done, wear out and
90 to ruin.
The idea was advanced that these I'M.
provements, especially those on the
streets, ought be be done now, before
fall. but again an objection, what il the
dear people should 90 back on the loan
The question oil the coming railroad
was also discussed and the probability
of the city being called on 10 expend
some $4,000 in that direction. For
awhile finance was deserted and rail-
roads talked
In relation to the paper referred TO it,,
the committee decided TO DO nothing
II had made its report. Council saw
fit not to accept it, the committee still.
thought it TO be the best plan
in both particulars that could
be chosen and therefore will let it rest
in the committee until council calls it
up, then explanations will be made and
if any one wants Loan Ordinance. let
him introduce q resolution that will at
the expiration of thirty days put the
question to the citizens.
There will undoubtedly be some fun
both on that ami the. railroad question
when they come up and more tinanciers
and iinanciering will be developed than
is at present dreamt OF.