Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1883-03-10
DEM0GRATIC PLATFORM.
laosprsD arTHa CITY eoSVlsnos. MaRcH .
REP0ar OF THE COMMITTEE ON REss-
BUTTONS.

lHR PRESIDENT: YOUR COMMITTEE ON
VI Resolutions beg leave to report: That the
condition of affairs connected With the sdministra-
ton of the business Of the city requires the highest
order Of intelligence connected Sith the desire nd
the determination of all officers elected 10 consider
the interests of the people OF this city paramount
to all. And pledge our nominees il elected, TO
ABIDE by and carry out far possible the princi-
pies contained in the following
RESOLUTIONS
|. That the affairs Of the city be administered
with economy, spending no more money than 10
absolutely ne essary and consistent with efficiency.
III That the question What shall be done for the
liquidation Of our bonded debit oversiadows all
others; aud il the voters Of This city VII lntTnsi
the Democracy with the conducs Of It's efars, they
shall be administered SO as 70 accomplish these re-
suits:
(s) No mere than one per cent. Of taxes shall be
levied on the listed value Of property IN the city
unless the proposition fer further tsSstion shat.
FIRST be submitted to and approved by the voters OIL
the city under Section 20 OF the Charter.
o. The above proposition shall be carried into
effect the present year, il the ordnance teVylng the
tax can be still amended.
(c) The one per cent Of tax levied shall, so far as
possible, be placed in special funds and thewhole
devoted 10 the necessary expenses attending tie
proper administration OF the fairs OF the city
(dO The necessary conscq uefee OF aclHstlnS tne
finances Of the city, TO collect from the tax
payers each year s105 000 to place in sinking and
interest fund.- is to involve the city IN useless eN
pense, while we are not reviewed from Uebb anu Only
a few of the creditors of the city can be benefited
thereby, and each year it becomes more difficult
TO compromise with our creditors.
We therefore propose to pisce no mere money IN
the sinking and interest fund until ouch coiapro-
mise is effected.
(e) We propose, at the proper sins, to offer sucn
com runlise on this basis
l. Toe outstanding bonds and coupons shall be
surrendered.
2 New bonds she'll be issued at IS cents on the
dollar, bearing interest at pei can't PR annam,
PAYABLE in fifteen years.
3. Money shall be rails and the interest on the
new bonds punetuHlly paid, and we wiz provide for
sinking fund, TO accumulate e3ch year, so that the
bonds can be paid at maturity.
4. No interest ON principal to be paid on any Old
issue of bonds, and no money De pl-ced where alT
Of those who refuse to eompr5mlse can proceed
against any fund for such payment thus placing all
our creditors on an equality and giving 60 cur citi-
the benefit of the difference between the nom
inal value OF bonds and their real value, while u
the affairs of city be Administered heretofore.
a few Spectators pocket that difference, amounting
to at least 100000.
Ill The water rates shall be 50 reduced that the
receipts from water rates shall q near as possible
Fay all running expenses, together with the cost Of
necessary repairs an extensions to pPes aud shall
leave surplus to put into the sinking sud interest
fund h. 3. HIELSEN
milo Chairmsu Of Committee.