Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1881-02-15
FFTn EDITION
WILMINGTON Fiscal App.,
The Pending Fiscal Yea. me-

FRO ana oon Discussion o, a.
Measures Merits-Other Ms,, hs
Special correspondence Of the Rxprn,'ns'
Down, Feb, ID Neither tho r.. ,A
OF q number Of burlesqus valentines 0''pl
the members nor the cracking NJ ~
gish Mr.. Cahalps jokes sucsasd. sE'
putting much life into Legislation IN n
afternoon. The session vss "a, t.u s
interesting although the smonn nOa
work put through the mill routine ~. VI
creditable. was
Possibly the most important hin,
Wilmington at present pepdinn 70
that contemplating the chanas' Is
the fiscal year, from January 10 I,, VI
A good bit has been said in cpposis
to the bill, but when the spbio", Ga
fairly and fully looked at thar A.,
not appear to be anything in Il wh;'s
Is not reasonable and well.copsiS.rSva1
The most pertinent clauses OF tho btI
which was introduced on IsnuSrv q-n'
and has since created quite a hub bnt
in the Committee of Twenty Six ara
follows;
Section 3-rhe fiscal year Of II.
city Of Wilmington shall hereafter ~
gin on the first day Of July sn,
the time for making the annual ANN, 1'
priations Is hereby changed from f ~.
first stated meeting in January To G'
first meeting in June. The annual a.
Inmates Of the probable revenue ana
expenses Of the city for the ensnin.
year, shall hereafter be made dn,ins
the month of May instead Of the mont
OF November as heretofore.
Section As the taxes levied h,
the year A. d. 1881 are not colec,ibIs
or made available until in the month a,
July in said year, in order to mee, tbs
current expenses of said City until III.
first day of July, 1881. on which dav
the new fiscal year shall commence 4,
herein provided. The Mayor and
Council OF Wilmington shall have DOW.
er ard authority to borrow a sum a,
sums Of money sufficient to defray The
ordinary current expenses Of said Civ
until the FIRST day Of July, 1851, and 70,
that purpose may issue promIssOry no.s
or certificates of Indebtedness lhsrs
for, which shall bear interest from
the date Of their issue at rate not 81.
cseding five per cent annum. Ii,
money borrowed shall BIT divided
into tour equal parts, and the prcms.
sorry notes or certificates issued thereto,
shall be made payable, with the inter
est thereon, in one, two, three and
four years respectively, and tie Civ
Council ahall thereafter, in making
the annual appropriations under th.
provisions Of this act, include thereia
the amount OF said promssory notes
or certificates Of indebtedness, With the
interest thereon falling dus daring
the year for which such appropriation
shall be made.
Section B. The annual apprOpril.
lions for the year 1851 made during Ia,
month Of January in said year, shal
on the thirteenth day Of June, A. D. I
1881, be called in and closed, aud tA
City Council shall make such sppr
priations as shall be necessary for tht E
new fiscal year commencing OF ths fE
day OF July A. b. 1851, and erdinga
the thirteenth day Of June A. D. lMa
Section 6, The Mayor and COa1al
OF Wilmington shall not have power
authority to borrow money for suy prt
pose whStever except in such cases n
sresor may De expressly authorized BY
law"
A great many arguments are used
by those favoring and opposing M
bill, and Of these | shall speak in ID,
future. ! think, however, when il
provisions are thoroughly understood,
that it will not be greatly opposed il
either house. This bill, however, need.
ameu1meDts, properly speaking, and
think it will be amended when report
ed 10 the House il the following re
Bpects
First, specifying the amount d
money 10 be borrowed Ito de'rsy tA
ordinary expenses Of ssid city,"
mentioned in Section 4. Second, max
ing the frat of the four prOmis;or
notes payable on Angus! lat, ISL, add
the other three on the frs. days d
August in the ensuing yesrs. Thru
making 1t necessary when the tax ns
is fixed to consider the amount 0fnIa
not collected from year to year sod %
make the amount necessary to behl*a
as much IN excess of the sum HssdOl
as the average delinquency Sn'aA"
to.
If people were half as tired 0!'aS'nS
about tue railroad bill S5 the CORES
pondepts are of writing abOni ", IA.s
would not be aalf so much ElFePaH
ing aronud the State House a; N"'
really is tonight.
Mr.. Townsend, who joonla'y 1877
the Lord only made Blsckbird e''sl
for au immense model for worm ''DO
has a petition which the memO'l' Nn
signing, and which asks Congress
appropriate $4,000 to straigaIen 'Gn
OBVIOUSLY neandering stream !.
length now is II miles; the con'eup'
tod improvement will shorten H'D
half. ,,a
Pride and Knowles, the joufnAhN
Slamese twins of Sussex, are here Il.
So is Mr.. Swayne OF Phliaa''p'D
He is Representative Swayne'' s0N