The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-11-11
~EXCHECQUER.
TIE clTY,s FINANCIAL Fl.
by Leading Citi,sns and Business
Mon Last Evsning-A Proposed Rscom.
mendation to Council Referred to a
Committee : FREQ Discussion,

The meeting Of business men and ci,l.
%ens called for Inst Thursday evening to
consider the present embarrassed financial
condition Of the city and to suggest to
Council II possible so,ne means Of seliey.
Ing the same, which meeting, owing to
tho intonse political excitement TINT pro.
vailed In tho city that cvoning. was not
held, met last evening in Veteran Hall Mt
the McI.urc House. There were quite Il
number OF gentlemen present when Mr..
Isaiah Warren called the meeting TO order,
al,d Mr.. NJ; Reilly, was made Chairman.
Captain O. j. Rawlings WIS clltsen Secre-
sary. Among those present were Aicssrs.
A.. q Egtrter, George X. Wheat, August
Pollock, s. llorkhcimer, James w. Fax
ton, Robert Simpson, A. j. Sweeney, i.
lark, Colonel Robert Campbell, Thomas
Lewis, Spaulding X, Wallace, C,l. Hart,
\. Ricster, Mr.. klcvis, NJ. Pollock, ", B.
simpson, DR.. 7. Ii. Logan, II. X. List and
others.
MEMORIAL TO COUNCIL,
The Chair asked Tint some one state the
Object OF the meeting, and Col. Campbell
took the floor. lie spoke briefly and
then produced the following, which he
presented for adoption and transmission
10 Council:
WHEREAS, The city OF Wheeling is
financially embarrassed, We. as citizens
and taxpayers believe that some actior
should no taken to relieve the city Of such
financial embarrassment. We woulJ
therefore recommend the following sug
g~estions to the City Council: .
First-That II new loan ordinance b,
submitted to the peoplcfor their approval
Sccond-That the Council by ordinanc,
or otherwise, with the advice and consen
Of the Gas Trustees and the Board O
Water Commissioner, set aside so mucl
Of the revenues of the said gas ind waite
works rs would meet tho interest on III,
said bonds and retire ut least $4,000. %
said bonds every year for the term OF OH
or two years.
Tniru-Wc would further recommen,
to the City Council the passing Of an OF
dlnancc that would prohibitlhe City Clerl
IRON issuing orders on the City Receive
When there is no money in the trcasur,
70 pay such orders, believing that II suci
an ordnance were passed, the. citizen
world ratify IL new loan ordinance.
70 lrtli-We protest against any amend
mem TO the city's charter that would pei
mi an increase OF taxation on real or ne,
sonal property.
PRESENT LIABILITIES.
City Clerk Bowers was present and wa
asked for Il statement MS to the city's pres
ent Indebtedness. lie stated that III,
bonded Indebtedness was rs follows: 1913
loan, 6 percent, Sill 900; compromise loan
: pc cent, $4,000; public building loan
= percent, $500; Ilempfeld, Marietta
Cincinnati Railroad bonds, SlO,GOO; ISL
loan, y percent, SlOd, 600; 1851 loan, i
percent, Sl5l,50O; total, $4,000. Their
is now in round numbers about $4,000
OF outstanding orders. The interest o,
this amount and the bonded indebtnessi
about $4,000. This makes the tota
indebtedness about s70D. 900. The con
stitutional limit is about SS0S, 900, SO tina
the city has yet about $780, 900 on whicl
to 60 before the limit is reached. 1t ma,
be stated that in the opinion OF man;
the valuation Of the property, . percent o
which is the limit prescribed by the city,
charter for her Indebtedness, is too hiel,
and that the limitation III nll fairaes
should not be as great rs it now is.