Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1884-12-24
A NEW LOAN
Unanimously Agreed to by the
Council
On the Citizens Pian---Three Hundred
thousand to be Borrowed and
CoupeiI and the Board
to be 6ridied.

Council adjourned last night with the sat
isfed feeling that it met and conquered the
financial difficulties with which the city has
been beset The loan ordinance, virtually
as suggested by the Citizens meeting, was
passed by both branches and will be sub
mitted to the people for ratification at the
charter election on January %, 1885. It
provides for loan Of S3Oaoo3, which will
wipe out the debt of outstanding orders, ex-
tinguish the loans Of 1871 and 1875, and put
the city on its legs again. The rate of in
terest is Al per cent, and the bonds are to
be redeemed by or before March |, 1919.
Messrs S. P Hildreth, n. Wilkinson and
Joseph Seybold were appointed commission
ers of the loan. The ordinance is very full
and explicit, and the salient points are those
given above. As suggested by the Citizens
meeting, the ordinance provides for the use
OF the surplus funds OF the Gas and Water
Boards, to pay the interest and keep up the
sinking fund for the bonds.
CERTAIN PRECAUTIONS.
Before adopting this loan ordinance, the
Council passed another one, on which it re-
lies TO show the people it is in earnest in
the matter Of retrenchment and reform.
This ordinance is the substitute for the pro-
posed change TO Rule Of the Board of
Public Works. 1t provides that the Board
may at its discretion, employ the funds set
aside for It's use, but it cannot go beyond
that, an excess making the members liable
on their bonds. II is proposed in addition
to this, to go to the Legislature and ask for
an amendment Of the charter providing
means whereby Council can never exceed
its revenues In this way it is hoped the
city may never repeat its past history and
BY impressing this on the voters, secure the
ratification Of the ordinance.
When Council adjourned, it was with the
firm belief this ordinance would meet the
approval Of all the people.
ROUTINE BUSINESS.
The report of the Committee on Claims
recommended the payment Of the following
bills: J. j. Jones keeping account Of
Commissioners Capitol Loan for 1884,
$lCO; keeping account of the 1890 500
keeping account of the loans of 1881, $25;
J. NJ. A. Chandler services in case of the
City vs. Maxwell and King $25; George
Ankle, cost in the case City vs.. Petermal
| $500; total $2S6SO Tho bill Of Mr.. Jones
was ordered to a conference committee.
Capt. John Crockard presented his bond
as wharimaster' with Henry Schmulbach as
security, which was approved and Capt
Crockard sworn in.
Mr.. James Cunning presented his bond
as Chief Of the Fire department with John
Johnson and Jesse Hall as security which
was approved.
The appointment Of John Brook as dep
uty sergeant, vice Vim. Heller resigned,
wes approved.
The appointment Of VIM. Heller as fore
man of the Nigilant engine house. vice
Barney Stanley, resigned, was confirmed.
Mrs Caroline Norton petitioned the
council to order the clerk to refund her
$i2, the amount of taxes paid on 81 1000,
which consists of bonds of the City of
Wheeling, known as the Loan OF 1877.
The prayer Of the petitioner was granted.
Several petitions asking for rebate on
taxes OF personal and real property was re-
ferred to the Board Of Equalization and APP
peals.
The resolution offered BY Mr.. Caldwell in
the First Branch, at its last meeting. direct
irg the Committee on Salaries to fix the
salaries Of the officers OF the city for ensuing
term, and adopted, was concurred in by the
Second Branch
\ skating rink ordinance, exempting all
owners or lesses or skating Kinks from oil
license, etc, IN excess Of the annual tax to
the city Of the sum OF SIS. was adopted and
is row in full force