St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-05-01

est II is In sound financial condition, and
class its bonds as gilt-edged security.
The city debt of st. Paul is rather more
than per cent of the total assessed yalua-
hon, but its bonds stand out al 4; 4l2 and D
per cent. Its bonds would therefore be still
classed as gilt-edged, even If the city indebt-
ness were increased TO Sl3,00O,O00 at the
present rate of interest.
If The rate of interest on the city's bonds
was per cent, direct tax of $780, 600
would have to be imposed annually to pay
the interest. AS ii is the direct tax imposed
to pay the interest on our bonds is under
$225, 1000, or about two mills on the dollar.
Oh January 1st 1890, there was balance
to the credit of the city of SIG. 142.67 on &C
count of the Court house fund, the building
being at time completed. II is the only
public building in the United States which
has been constructed for less than the appro-
priation and interest thereon and compares
faVoraby with buildings in other cities which
have cost four and five times as much.
For the yerr 1886 Treasurer Refs report on
the city revenue shows that there was sur
plus of SS7,945 of receipts over expendi-
lures.
On the sale of city's bonds during the year
1889 the city received premiums amounting
to S27, 794 81, including Gccrued interest
And for the past two or three years ourclt
has stood fourth on the list OF cities OF the
United States for the value of its buildings
and Improvements, aside from the amount
paid out by the city for grading, pavements
water, etc.
Fellow citizens, do these facts indicate
that we have been suffering from q careless,
incompetent eXtravagant or Doodle city gov
eminent for the past ten years?
Judge for yourselves by the foregoing
whether our city has prospered under Demo-
cratic rule or not.
II is easy for demagogues to stand up in
public meetings and charge corruption and
boodling transactions against city officials,
but facts are stubborn things ana results can
not be gainsaid.
The city is prosperous as it never was
before. Its credit is Al. Our bonds are
eagerly sought and premiums paid for them
by Eastern capitalists. Our assets are Largely
in excess of our liabilities; our trade aid
commerce is increasing yearly; our city is
orderly and peaceable; our public works and
buildings are substantial credttable and
valuable to US; our streets are generally wei
paved well Kept and well lighted; our rae
of taxation is lighter than in many oder
cities where public improvements are not
being made now.
The death rate of the city Of st. Paul
during the last year has been lower than any
other city in the world, one only excepted,
and has gradually decreased during the last
years. showing with telling effect the
development of its excellent sewer system,
pure water and clean streets.
These facts, which any taxpayer can sub
stantlate if he will take the trouble, are
worthy of deep consideration, ana should be
weighed well by every citizen before election
day, and, if after consideration citizen
deems it his duty to cast his vote against the
present city government and the party to
which they belong and to vote for unknown.
or at least untried men, then the citizen 30
doing will at least have the satisfaction OF
voting intelligently and with some knowledge
of the PitV'S affairs