San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1890-01-23
The Street Improvement Trust Enacted
BY the City Council.

J. begin with the question OF
3 CORPORATION DEBTS DANGEROUS.
= We have never before had direC
u occasion TO define our position o.
this general subject. II has been &
}, common for corporations TO becom
= swamped by the selfish schemes O
designing individuals, that man,
: good citizens Of late years oppos
incorporating ut all. This is a wei
= known fact, But we are unable TO SO,
why tho same care which n pruden
man exercises in his own business
may not be maintained in the gov
eminent OF n corporation. Honest
discreet men at the helm are all that
is required, and every voter should
have an eye single to their selection
The debts that are to be dreaded
and guarded against are those of d
speculative character designed to ben,
eft favored few at the expense OF
the mass Of the people. Right here
lies the danger of corporation debts,
and such is the secret Of their gen
eral origin.
SCHOOL HOUSE BONDS AN EXCEPTION.
1t is because of its being lifted en-
tirely above all suspicion of this ma
ture-because of its assurance of the
greatest good to the greatest number
that VIC advocate the issue of bonds
for the building of public school
house adequate to the wante of the
rising generation of San Marcos.
In fact, we can think of no other
purpose for which it would DO wise,
necessary or expedient for the city to
incur bonded indebtedness, unless
it might be to aid in the establis h.
mont of factories TO utilize our water
power, and this at present seems
quite out of the question. But to
issue bonds for good public school
house would be absolutely unobjec.
tionable, for it would be Of vital in
terest to ALL. 1t would bring in it's
train from the start the most signal
and priceless blessings IN the moral
and solid education of the whole COM
present and to come. But
to take no higher ground than that
of pecuniary interest, no other meas
ure possible could be of anything
like the same Importance. It would
bring in not merely number of
boarders for portion of the year,
but scores and hundreds Of first class
permanent citizens, of the bone and
sinew and life blood of community.
The very men who oppose it would
receive their fair Legitimate share of
is benefits in the advance Of their
property, certainty of renting,
tic. They oppose it, in our opinion,
because they want more than this,
md would commit the town to some
'ther scheme through which they ,
nope to secure 1.-The lion 3 share" at
he expense of the taxpayers.
To build public school house it
ms not been proposed to exhaust the
egal power of the city to issue bonds,
ut for no other purpose would it be
o safe to do SO, because the same
apid advance in population, wealth
nd enterprise which would inevita-
ly follow, would so add to the tax
bic wellth of the city as to give it
lrger resources to invest in manu-
lcturing enterprises or Others desr-
BILE. 1t would of course necessarily
equire the issue at once of bonds +
efficient to complete and furnish the -
ullding, but that would end the n,
,pense, and theincoming tide of gen.
al prosperity resulting from immi- W
alton, etc. would soon be such as to tie
Indicate the wisdom of the outlay, u
en- as pecuniary Investment. ~
RY DIFFERENT AS TO STREET IMPROVE ba
MENTs. isl
Now the case is very different as to co
. question of street Improvements. Ot
ere is not the least necessity for s
.ating any bonded debt here in ha
n Marcos for any such purpose. Gel
does not all have to be done, or an,
smpted at once, hence no very Tor
&c sum is called for, for any one VIZ
+. We appeal to the good sense mil
,ur readers if Mayor Hardy does DO.
tell the truth concerning this owe
ter in his veto of the Trust ordin- que
e of the Council. There is no s .
for creating a bonded debt Of NM
900, much less double the tho
unit for any such purpose. 1t any
cks of robbery on it's very face. dea
LAY of the land" in our corpora. e.
is such that it would be fnan- II /,