The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-08-13
THE loan ORDINANCE
PASSED BY THE SECOND BRANCH.
Interesting Session OF tho City Council
which was Largely Devoted 10 Pinnn.
cial Businssx-The Annual Levy WI
@}t About the Same A. Last Year. XII

Tho rsguls. semi. mon.hly meeting Of Couu.
oil held last evening was largely attended,
and was iull Of interest to the citizens OF
Wheeling. Nearly thu entire evening was
devoted 10 consideration Of the city'a ilnau.
clsl condition. which resulted in The second
Branch adopting the proposed new loan or.
dipance providing for loan OF Sec, 900, to
be known ~ the Loan OF 1884. 1905
The Second Branch was called 10 order
droth. Tho absentoes were Msss,s. Dick.
man, arosan. Milligan, MoFaaden, Winger.
tor and Woik. &.sfw,
The reading OF Tho minutes was dispensed
with In order ~ devote AZ much time as pos
sible to the large amount Of BUSINESS heaped
up on the o!ei ks deBk, having accumulated
during the past i've weeks, In which time
there has been no nesting Of Council that
vaa not b:0ken up soon after being called 10
order, by members going away and leaving
the Branch without Aquorum. :,
GYM THE ANNUAL LEVY.
The frat fi1unoial paper taken up was the
annual tax ordinance for the year 1881, which
was the same an the ono Of last year, provid.
Ing for tax OF 80 cents on the $lo0 vaiua-
ton OF properly, both real and personal, for
gensral purposss, aud n special levy OF 10
csnip on the 500 valuation for the improve.
msnt OF the streets aud alleys, in the way OF
constructing sewers and paving and mac.
sdamizlsg where the same has never been
done. tgslffa. Mo-
Col. Wilkinson said that In view OF The
present status OF affairs, be Thought some
spsoial provision should be made for the
payment Of the compromise bonds which
might become due, and tho Interest on those
that would not be due. The compromise
bonds are buoh that In case the interest on
them Ia not paid when due, the city at once
becomes liable for their face value. lCi
Tho first Of July last, when the interest
was due, the Commlssioaers had considerable
difficulty In arranging for its payment. The
banks had refused to accept any further or
ders aud there was no other wsy In which 10
obtain the money needed. The Exchange
Bank finally, In ordsr to cave the city serious
/ necessary amount. ". n ~; ~ q
.iH AtrtcIAL PROVISION. i -}@F
The compromise bonds, It should be stated,
are bonds Issued to take up certain railroad
bonds at lower rate Of interests parent
and az such railroad bonds, under the
oity's charter aud the law of tha State the
city could levy aspsciai tax for their rsdemp.
ton. The Colonel, In view OF these facts,
offered the following as an amendment to tho
o:dinancs whom 1t was on its second reading:
There shall be levled and paid upon all the
real estate In raid city subject to and not ex-
empt BY law from taxation, in addition to
the taxes levied thereon by the preceding
sections, q tax OF ten cents on every hundred
dollars valuation Of such real estate, which
tax, when collected, sLall DO paid to the
trustees OF the thcee percent compromise
bonds OF the city OF Wheeling, and by them
used to pay the interest and principal Of said
bonds" n,=.,-s s5e1 .-aAEU7 -Tra
MI. Jones moved as an amendment to this
that the section Of the ordinance providing
for the ten cent levy for street and alley i'm.
provements be stricken out. lfT qs-l sflf
There followed a general discussion relative
TO increasing taxation this year in view OF
the damage doRe by the recent & ,od and
prospt ctivs hard times. Everyone was
opposed to such procedure, and the vote
striking out the section providing for i'm.
provements was almost unanimous. Hi,lse
The discussion on C5lonel Wilkinson's
amendment IVES . little more spirited. Mr..
Hildreth showed that there wes no necessity
| at this time for such tax, and Mr.. Porter
Smith spoke agains. a larger tax levy thsn
was absolutely necessary. The amendment
was lost aud the ordinance adopted provid.
ing for merely the fifty cent levy for general
purposes. Tho First Branch adopted the ordi-
nance without discussion. tHrA 7