The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-06-24
THE CITY YINAacEs.
MeotipE OF the Council Committee-Ths
IL Loan Proposed. :

- AV wy 1AAoAb6 sAAoh oVeuluS
for the purpose !oi deciding what action |
should DO recommended to Council Ia order |
to relieve the present somewhat smbirra,a.
ed condition tho city has found herself ia,
by reason Of tho action taken BY, the ,Er.
change Bank In refusing to cssh any more Of
tion Of the CITY and vsrious suggested plans for
al Ors were all oct forth fully In the
lHrELLi0kScxn's report Of the first meeting Of
the COMMITTEE held last Wednesday after.
noon, at which there was lot q quorum pref.
ont. Last night oil the members were pres.
ent except Nj. Hoffman. itt7s p.1prS
6 In the report OF last weeks meeting II was
stated that at that time tho ci,ys drafts IN |
lransiiu amounted 10 about $l40, 600, and |
that by the end OF the month that amount |
would be swelled by s. 900 more. On tho
first OF July there becomes due Public Build. |
Ing bonds 10 the amount Of $1l, 250. These
bonds have already been drawn, bat there 10 |
no money 10 meet them. CLERK Bowers said |
last night that In bis statement that the
amnn.t OF drafls in !ransitu would aggregate
$li5 0C0 by the end OF the month he had In.
csuaed these bonds. The only way In which
hey can be paid at present will be
for tho 0lerk 10 issue bis . order
accepts It and the holder eau probably nego-
hats It at some bank, as hiss been done at the
Exchange Bank. Ia this connection It may
be ata,ed that the Receiver has heoted some
such arrangement whereby the men In the
Fire Department and those on tbs Board Of
Public Works pay roll have been enabled to
secure their money and have not had to CRY
their ordsrs on tho streets a. was done for.
merly, when Col. Wilkinson says be remem.
b.rI that oily orders sold on tho uirset for
tftv cents on the dollar. .5 No.. ~. =
All Of these matters and those explained
In last Thursdsy mornings papers were ex.
plai1ed to the committee last evening. add
this Availability of accommodating q $2d0,.'
900 loan discussed pro and con. It was
inally decided to instruct the City Solicitor
10 prepare for th o evenings Council meet.
Ing an ordln,no- as prescribed by the char
Ter, specifying - dollars are needed to
pay drafts in transita aud the remainder,
dollars for street and alley improve.
m nts, and authorizing q loan for the aum
total Of 100000. Iu case this ordinance IL
adopted by Dusn branches Of Council 1t will
then have to be Published for two
weeks, aud ct the end OF that time an cleo
ZION will be held lin 'csss 1t passes, probably
on July 10y, and Ut that time in order to
make the loan the ordinance must have the
ratifi cation votes OF thrse.iitths Of the voters.
Mr. Hall was the only one opposed 10 THIS
plan. He believed 1t would NOT be ratified
strict economy was, in his opinion, the only
way out OF the trouble the calling OF halt
and stopping expenditures for improvements
The other members Of the committee were
firmly OF the opinion that the ordinance
would psss They reasoned that the North
Wheeling voters will vote for 1t In order to
re, Main street paved, ihose Of East Wheel
ing TO have Sixteenth street paved aad thoss
( South Wheeling to have Eoh street paved.
All OF tits work has been ordered aud the
oritk hAs oesn contracted for, but unissa q
loan Ia forthcoming 1t Ia said the work cannot
be finished. The committee further reasoned
that business men generally will vote for 1t, ID
It will reduce tina present. rate OF interest A.
lesst one percent aud that they will want 10
handle thu bonds which will probably. be
1905 at ~ or s percent interest and exempt
from city ,.xsti0r; and further, for the req.
son that pcaoticAlly.it will not increase the
city's indebtedness. :.
Chairman Wilson and Col. Wilkinson
wsre appointed subcommittee to meet the
Directors OF the Exchange Bank this morn
ing, and endeAvor 10 secure an agreement
from the bank to carry city orders until the
result OF tho petition to the people for loan
Is nscsrtainsd. One member, thought there
would be no difficulty III arranging this, 81
bank director had inttNated to him that
had tbsy known that the city could still
spend $l5G 900 before reaching her lilnitx-
tiou, Instead u SAC, GOO as they had supposed
there would lave been no communication
sent 10 tbs city. z, e. ~ ~
Economy L. to be the watch word In the
future. 1t vas the principal theme hArped
on at last nights meeting. Asa preliminary
step Chairman Wilson was ordered to address
Communication 10 the Board OF Public
Works asking It 10 reduces al expenditures In
the way Of new work, or whatlt eau do with
its contingent fund, until the resplt OF the
loan Ia ascertained. 1t will be remembered
that In tha report Of last week's meeting 1t
wa> stated that sincs the frat Of tbs year the
Board had spent on ap average SlU 600 per
month. The books show that 70 unu !, tor the
| five months previous, Council appropriated
SIG, 5l2 81 and there wss expended from The
con ~ gent fund $l2, 223. 10: making a total OF
| $gY 1876 81 10 this U.erx DO wsrs added about
lMU, the alpoun. out OF the 10 'percen,
levy expended Tor the qhspline street pave
| ment. This WORK was dons IN 1893 and or.
ders Issued for It's payment, but Ii the oollec.
lions from the levy TO take them up ware
NOT received until after January LIST Clerk
Bowers charged it up as money expended
this year, theFeby, msk.ng over s4o,-
200 tpus far, aAd That during the
months when the least was done. The Chap.
line street work should DOT have bsen count:
ed Ia. The contingent iund which copes
from the police, market and health depart.
menus, tho Board has q right to use as 1t
pleased. Ths Roy.a has exhausted i,s 10 cent
levy aud what work 10 oe2e on the Is.aud
this year or anywhere else pnaer tAst levy,
will have to 10 psid Tor out Of the next lsVg
made. vi y .5S..5 NJ 4...5 $50. Il,
CLERK Bowers Gays that In the olty's assets,
which aie to come in 10 the shape OF taxes
in the winter, ah0gld !. be reckoned the
amounts now In the hsndg pl the Gas and
Wafer Boards. Il III ,,,,., X.