, 1882-08-19

Total ACKNOWLEDGEMENTS =, a" Il
DrGuctin. TINS amount from warrants now
issued, to-ait: SIS, ,563 81, leaves a baianse
., SIS, so -, 10 wmca must be adjlel cen
tracts, S.,52G G5; showing an ind-Atc!-
MS in excess O: cash on hand S2l,3 i3.
l. Is true city warrants have not teen Issued
f,r S1,526 C6 Cf this amount, but the deb:
j. contracted and warrants will De called Tor
within Two months.
Section - OF the city charter provides
that ,he liuit Of city iAdebtedness shall to-
80. coo How To keep it below that amount
,sica the present outlook is the question 20
te solved. The pres mt obligations Of the
city can be reduced, If the receipts by ;hv
cs,y treasury Tor Licenses for the past SIX
months are safe basis for the committee q
make their recommendations from, they not
wisliug 90 hamper the work OF the various
c.tv Departments, woulh call the attention
Of tine Council to the fact that tie amount
collected iur licenses alone FOR SIX months
,rdiu. June 3Oth, 1852, was Si,0Sj p.
Supposins the same amount viii b collect
,d for the next six months and estimating
expenses 4 police, fire department, clerical
anl interest at $500 per month (same as uOTl
there would BE- balance of about 81 900 Tor
the general fund at the eni Of this year, aId
- tA.re IS now, aft paying salaries Tor July
IL this fund, SI.i5S %, and as payments aEe
being constantly made to said fnnd. W
would ask that 81, 600 be nOw transferred
10 the general fund, trg-ther With the spe-
cral fire faad Of S2i IS ana 5000 q road
iaud, thus making Al amount IN general
fuui Of $3.50 -. That amount hting
sufficient To pay one of the -, 30 l. per
cen, warrants with accrued interest, We
would ask that the City Treasurer be IL
struct d 10 redeem the same THIS would
reduce the outstanding warrants t. Sl5,-
3l3 u, wtich would give au opportunity
Tor the payment OF the next installment CT
=. S2a3 So. which viii he due on the ci.y
hnllGin.s as seon as the rnoi Is completed,
which vii be in ahoat TWO weeks, and sti.!
keep within the charter limit OF indebted
mss. We ash tits, believing ttat the same
uriucip!r hich governs u IN our individual
business .raasac,io1s shOG'l control Us when
aSm:nister.n. the cfirs q the city, and We
gass:ion very much whether any OF u,
UoglI hold th.le cr fear Thousand dollars
in t..nk over present n,csssGJies, and a f"c
same line BE pay,ng ! per cent per montA.
quar- e.lv, IN our indigiln=l Liabilities.
SoTE-"hJre is 10 occasion for rte &C.
esuat called the special ti:e fund; i, should
he closed nt1 some other account The
$500 asked from, the roai fund viii leave
$500 -, which IS sufficient Tor bridge re-
us,rs. as the committee do hot con.eu.p Plate
recommending the construction OF any rer
, tr.d.e. Il present, but would suggest tina;
The boa. ds BE removed from the eorls Of
Main street brlise, which would better ena-
( bic persons crossing It 20 see teams approach
! ing from opposite directions
Tne monthly city expenses are uow as
/ follows:
s.-e.. C,-nu,;ssione--......-.........s 60 O
{ P,Ji-a $50 0.
Z surveyor. Clerk and Attorney ------. ll5 .
! F.re Department, Stewards and Engi-
~ .'.................... lie G.
/ Psn.s ...-----..---..-.-.- "a 0
/ Inre-,.s. On IL Ter cent warrants .--.- 65 q
T,tsl $50 q
! Our rscnmras I cations to-day Will reduce