The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1889-01-24
lHR LOAN ORDINANCE.
A Correspondence Reasons for Opposing
a Reply TO EcOnumy's Letter.

olki- ECOuulNyi ~ Aue9uhI paper
denouuccs all persons who are opposed
to the loan ordinance, to be voted on
Thursday, Us "hOstile to anything in
heaven or earth, They are built that
way, God made aeas and He made
kickers." That's a pretty sentiment,
well worded, and so far as II applies to
this loan ordinance, wereyerently thank
God for making kiCkers, even II they are,
us small us Aeas. II Economy Is correct
in his statement that the City Engineer
carefully estimated the cost Of straight
ening CaldwPl's run at $4,000, why do
the friends Of that work ask for SEA, 900
ut five per cent interest for thtrty-four
years? When this matter was brought
before Council several years ago the
then City Engineer made q careful sur.
vcy and estimated and reported $4,000
as the cost.
II Is true that life and property were
destroyed in last July's frtshet, but
Economy" carefully avoids telling, that
both'the houses destroyed, were located
IN a part Of The original bed Of he run, from
which the wuter had been turned several
years ago and stone wall built to pre-.
vent It's return, WheneYera sufficient
body OF water came down the run, II
sought the old channel aud the loss Of
life and property wers caused In that
way. A fear OF d repetition ofthis same
thing in the future, should the run BIZ
turned from its natural bed, and the
rendering Of the city, liableio heavy
damages for life and property destroyed,
Is one OF the main reasons foF opposing
the run part OF the loan. The city es-
capped suits for the losses last summer
because the work had been done by
private parties years before that part OF
the city had been taken within her
limits and she was, in no way response.
bic for the harm done.
II the injunction case decided by
Judge Jacob is to be appealed, why in
terfere with II nowP The plat on which
the suit Is based lays down that the run
il to DO placed on the south side OF
Twcnty-ninlh street from Zlm'S cemetery
10 hs rirer. viii notan appropriation OF
S2j, 900 commit the city to do this work,
no mutter how this case may end2 viii
not the persons living on that part Of
the run which is not Strengthened, have
fair claim to demand Of Council the
same treatment rs their neighbors have
received, and as our Councils are com.
posed will they not get it2 Will 1t not
be the part OF isdOm to wait until there
IL some show OF tho city being obligated
to straighten the run before rushing
with suclla costly, and with all due re-
sprCt to "ECOnOmy," perfectly useless
expenditure Of money?
win "EcOnQmy" explain how a six
per cent loan Of $4,000 bears S, 800
more interest than five per cent loan
Of $l0l 600. This SOL, 900 is the amount
Of the loan of 1877 and which is pro.
posed to bU made u part Of the $500, 900
10 be voted on Thursday Will he
please point out the clause in the loan
ordinance OF 1877 which directs q direct
tax 10 DO levied for the principal and
interest? On page 275, printed Ordin-
ances, in section 4, the Receiver is
directed 10 pay out Of any money N his
hands TO The clcih Of The city on the
18th day OF February and the 10Th day
August in each and every year until
such bonds shall have been fully paid
the sum OF $500 for interest, and also
on the 10th day Vi February In each aud
every year until tho bonds are paid
om Of ann money in his hands 10 The
crelii of Me CITY the sum Of $1,000 for
principal. Section directs that in any
year when the amount set aside for in.
terest exceeds the interest due, the ex-
cess shall be added TO the 81, 900 and ap-
piled to the redemption of the bonds.
There Is not n word in the ordinance
about direct tax. The order is to pay
out Of tho funds raised from ordinary
sources OF income and does not aud
cannot increase the peoples tax. How
is it with tho five per cent lOanP A
direct tax is ordered TO be levied for the
first nine years for interest and then for
twenty-five years for interest and prin-
cipal, and only one twenty'titth Of the
principal can DO paid in any one year.
This fixes u direct levy, in addition to
all other levies for city purposes, for
that whole time and will add from
10 B.lO cents TO 5 cents on the hundred
dollars valuation OF real und personal
property in this city for thu twenty-five
yuafs. II the loan ordinance before the
people to-day had directed that the
direct levy for the payment Of the in.
terest aud principal should be included
in the tlity.Cent Limitation laid down In
tile charter, We would support y. But
Il does not, 1t says plainly that "a
direct tux shall be levied over and above
nil other taxes levied for the City's user"
and IL will add to our peoples burden
tie amount necessary for the interest
and principal OF this proposed loan.
II the loan ordinance OF 1877 Is not set
aside by the adoption Of this ordinance,
the 1877 loan will be paid in eleven years.
The last payment will DO made In the
year when the new ordinance proposes
10 commence paying the principal Of the
five per cent loan. The debt will DO
wiped out and not one cent OF extra
taxes. Adopt the new ordinance and in
thirty.iour years Sl2O, 400 over and above
all other sums raised by taxation from
our people will BIZ levied and collected
oil their real and personal property.
Can you, MIR. Editor persuade foreign
capital to come here aud build up new
industries II 1t Is known abroad that our
Council has the power TO present such
measures us this loan TO the people for
approval, whenever, by accident or de-
sim, thembers here run the city In debt,
aud that the limit Is two per cent on the
500 valuation Of property This pro-
rnsoh lnun ia Only Il beuinninR, Assure
ia fate the future will present Y like
measure for approval or rejection i this
loan is adopted. II matters not who are
members Of Council, the anxiety to im:
prove the several members wards will
bring about log.rolllng which will
suuandpr the City's money and end In an
appeal for another loan. Vote down this
Measure and Council will 80 slow for
Years. l..
Wheeling, Jan. 20, 1880.
beware OF Olntmsuts for Cntarrh that Con-