Daily Republican., 1881-02-07
sUUa vi fatT!G4
rIaHFING rMn rISUAL HILL
An Important Meeting Of the Com
guiitee Of rW cHIS -six Saturday
NiEhf-A OecEdSd stand Tak en.

4u kup0Ftanl Meeting OF the Com.
suittee Of Eu cnIs six Saturday
NiEhf-A DecEdSd stand TAX eu.
For three hours and a half on Satur
| 4 y night leading business men OF VIII
VI. uGton sSt in the Office OF Gregg d
ierce, under the Clayton House and
discussed seriously the bill which Is
roposed by City Council to change the
seal year Of this city, and Is now pend
,og In the Legislature. The meeting
7as held under the auspices Of the com.
qi,!ee Of twenty.six by which intuen-
! .ial body 1t had been called together,
nd WilliGm G. Gibbons. President OF
he Pusey & Jones Company, acted IS
chairman.
| All the members Of the committee
were present, and, in addition to them,
enough leading business men OF all
branches TO swell thu nunbers OF those
preRent to at least forty. Sens'or E1
ward Bslis and Representative +. e..
Bradford, Jr., were present, and blso
Councilman Merris Taylor, Chairman
of City Councils committee on Finance
and Legislation.
After chairman Gibbons had sisted
the object Of the meeting which WAS 20
further consider the propned hscal
year b!ll Of Couocil, the aoD, which hat
already been puulishod In the RErrGh
CAN, was read. Mr. Merris Taylor then
Iexplsiued the object of the li.l 81 some
! length and said the reasons for II hsirg
proposed WAS the necessity Oi CouE OIL
getting hold OF money to tide over the
sap between the pay mt Of taxes and
the exhaustion OIL tie miscellaneous re'
ceipts account.
| Mr.. c. a. Rodney then took the
floor and gave his reason for opposing
the bill, which are known TO all read
ers Of this pace but which briefly
stated are as follows: that il ia uune.
cessary, awkward and unbusinesslikg
to divide two years; that il will tend
to much greater extravaganza in the
future, that it will impose an ad
ditiou2l tax Of $l2 0e0 in the matter
of interest; it will greatly increase
risk by giving an amount OF balance
on hand for large part Of the yenr
IN excess Of the City frea3urer'a bond.
Considerable discussion then followed
and it WAS generally sdmitted that Mr.
K ,ducy'S objections were wise and
well considered. Mr. Rodney finally "a.
commended that the fl seal year bs ALLOW
ed to remain the same and proposed
sliding seheduis Of discount on taxes
10 induce the payment Of some Of the
lax earlier IN the year. say April. He
also suggested, that 10 meet cerisin
contingencies which might arise, the
Mayor be given the veto power; aud that
the term Of city Cliaers be made to
oommeuea and end with the fiscal year,
as the year now Is,
Many Others agreed with Mr.. L ,dncy
and there was general and uuaul.
nous expression Of opposition 10 in
Out Of this diBCussion grew q motion 10
appoint committee of three TO iT8it
resolutions expressive Of the sense OF
this meeting. This was adopted, aud
MeSsrs, T. 7, Warner, Geo s. Capelle
and George W. Bash were named as
the committee, and 20 this the chair.
man was added. After brief absence
the oomnltee reported a Series OF TGsO-
luuons, the gist VI which was to this
effect:
That this meeting Of taxpayers Of
the city Of Wilmington are strongly op.
posed 10 any Increase Of the funded
debt OF the city uuder aDy
pretense whatever. That We are op.
posed 10 the bill now pending IN the
Legislature to change the fiscal year OIL
tue city and rtcouueod the issuu oil
certificates Of Indebtedness, be ring in
t9reat, for work done 6nl for enpplirs
furnished the city and payabl- out Of
the taxes when they Sro collected in
July.
Much opposition was shown TO the
last clause Of the resolution referring
to tho is5ne Of eertii a.ts of indab.ed
neRs, and Mr.. john e. Baker offered 4
substitute which amended the dOCu. |
ment by inserting IN lien of the clause
in question, a paragraph authorizing
the city Council TO borrow from the
baIks during the months OF April, May
aud June, a sum which may not &c.
o=ed III total one-fouf.h OF the appto-
pristions for the ysar, which loans are
to be used IN meeting Curreut expenses
aud are to 6e paid lrUn tue taxes on
or before August lst. next followiug.
(rhis Amendment Of Mr. Baker Was tue
one suggested by Mr. Rodney - the.
Committee on Legislstion and;rrj .oted
by thsm--R4pOTter The amendment
was unanimously adopted, and oopiys
OF the resolution were ordered TO be
sent to the representatives. OF Whining
ton in tbs Legislature, to be presented
n tIa