Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1885-02-26
THE FUNDED DEBT COMMISSION

81 No FeEarS conceTning The bonded debt
of Sacramento, not COMFORTING with its
views. caK be made without stirring
ring up the bile of our local contemporary
or without the honesty of the motive of the
utterer being questioned by it. Hon. II. O.
Beatty, President of the Funded Debt Com
mission, sent to the RscoBD-UNIoN an
open letter stating that the Board had in
the past twelve years taken up certain
amount Of the city debt That by the
same process q certain other amount can be
called in at a low :igure, if the Board is
permitted TO use the money now on hand
TO its credit In response to inquiries by
citizens we called on Judge Beatty for
specifications. He replied that he was
willing to furnish them, that his books are
public records and open to any, but that an
examination of the books of the Commits
sion by business men would be more salts
facfcTg, and would be Speedier than the
making of transcript and statement,
which when made, would be long, and
probably not be read and analyzed accord
ing to its due to say nothing Of entailing
such labor upon him for which he
can receive no reeompense. 1t was
then Suggested that he meet COM
mittec of citizens expert in accounts
and business calculations, who sholld ex-
Rmine the books and hear his plans for
continuing the work of the Commission
To this the venerable citizen replied that
he would be only too glad to meet such a
committee. and that he felt certain he
could convince them of the feasibility of
his plan and the usefulness of the Commits
sion. Thereupon this Journal, without the
consent or knowledge OF the gentlemen
named. or without counsel frem any per
son or quarter, did precisely as it did in
calling the council TO encourage immIgra-
ton to northern California; proceeded
30 invite nine citizens and the three Trrls-
tees 10 hear Judge Bcatty's proposition.
We suggested the names of these we'll
known persons Hon. John Q. Brown,
Trustee Nielsen, Trustee Gutenberger.
Hon. Newton Booth, Hon. John We'll, F.
Il. Dray, Frank Miller, L. X. Alsip, K. s.
Carey, Hon. Fred. Cox, City Auditor Me
Kee and Sparrow Smith.
Thus far there would appear to have
been plain sailing, disinterestedness and a
simple desire to get before the publica fair
report of the plans Of the Commission,
through committee Of business men, rs a
test of Judge Beatty's statements. Our
evening contemporary, however, which Is
nothing Il not suspicious adopts its usual
tactics of assailing motives Ii says:
The RECoRp-U MON this morning names twelve
men, whom il desires To consult together IN
private upon the bond question: for the purpose
of endeavorng 10 find out the hest means OF
settling our debt difficulties. They are all good
and honorable men. but 1t Is strange that IN az
Ilesc proposed consultations upon TINS bona
tanglc the attorneys for the city upon THIS cues
ton are studiously ignored. Are not their IDEAS
upon this subject entitedto as much considela'
ton as those of four representatives OF the
BANKS or this city Or is it that their views are
not wanted by those instrumental III GAZING
this meeting? Il might be interesting 20 know
how much OF the debt is held BY these banks, as
agents for others
We submit that this Is the most brazen