The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-09-15
THE loan on i, 4. r
A Member OF The Finance Committss Has
Is Something 20 Say.
N, M Ed;f0r al IN Tnielit,rnt-,, . ~ O.


Something % Say.
70 tAs Editor u tAt Is.dlcn9,, Y II
sin:-A An article IN your Issue Of last
Friday, sighed ''Citizen,n referring to d
communication signed ,"Alember Of Fl.
nance Committee, !" says: Summarized, I
only see In 1t an effort to scare citizens
into voting for the funding ordinance by
threats Of creditors suits and dire disaster
to follow It's defeat-nonsens ~ think
II "Citizcn" held the notes Of individuals
who didnot pay any interest and refused
to acknowledge the debt or to say when
they would pay the principal, he would
be very apt 10 jerk them before 4 court
very suddenly and not eall Il nonsense
in 10 doing. Now 1t Is thought by many
you can't practically enforce judgment
against city, but the opinion of one OF
the oldest and ablest attorneys OF this
city Is, "that tho holders Of the city's evi.
dences Of Indebtedness mayby mandamus,
II II becomes necessary, compel the CITY
Council TO levy and collect BY taxation al,
amount sufficient 10 discharge tho debts
and the agreed interest,"" II this
ordinance is rejected by the people
does any ono suppose the creditors will
hesitate to bring suit for tho collection OF
their claims. Citizen" Is very much mis-.
taken, il he thinks Councillnen need the
'scmblanco Of participation In the passage
ofthe Loan ordinance" They hive moth.
ing to fear from Mi investigation OF their
acts land II some OF them arc not quite
such nble ilnancicrs rs "Citizen," who
makes tho ycryprofonnd rcmark, III cred.
itors arc willing to accept the - percent
they should rejoice to retuin the debt at
percent us fur us appropriations money
have gone, they have rcaped no personal
advantage and It has only been by and for
the people he debt has been created Petition
after petition from the people comes before
Council involving largo expenditures OF
money, and when Council says We arc in
debt, We have no money, the cry is
"neyer mind the debt, We can pay
1t, give lis what we ask. )" 5's'
It Is easier to destroy than TO build uI
"Citizen" criticises but docs not create
The remedy lin my opinion) Is not in
always clecting good men to Council fol
! that Is impossible. OF course, tho pcoplc
ought TO elect their best lncn to Council
imnny when elected will not serve o,
even suffer their names to be used).but il
you want to reform commence where vol,
can control. Petition Council to pass nm
ordinance making the City Clerk and his
bondsmcn responsible II he issues a single
! order for the payment Of money in excess
OF funds in tho hands OF the City Treasurer
and compel tho Treasurer to report week,
ly TO the City Clerk and the Council a,
each regular meeting the amount of funds
on hands 10 tho credit Of tho city. In this
way there could be no over issuance Of
city orders aud our expenditure would be
limited within our income. =
Compel the Gas Trustees and Waite,
Board to deposit all their receipts to tho
credit Of the city after deduciing salaries
and expenses less 10 or 20 percent, to be
reserved by them for accidents or contin.
gencies. The city has 4 right to these re.
ceipts to enable it to pay interest and re.
ductions on loans, some Of which have
been created for these departments. as
before urged, let me appeal to you're.
fleet ere YOU vote against this ordinance,
Save interest; save costs Of litigation
save the credit Of the city. Ratifp. After,
wards Reform! Against ratification is
reputation. "
"A MEMBER OF THE FINANCE COMMITTEE. i