San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1891-10-01

camille city was there more cause for
caution and economy in public as well as
private affairs, than exists at present.
X Il
We have witnessed the collapse of the
real estate boom, but there are trying
times ahead for many well-equlpped
business concern. Men of pluck and en-
terprise will find their ability fully. tested
before our community RECEIVERS the lost
ground of year ago.
San Antonio is not alone in this predica-
ment; dull times have prevailed in other
Texas cities even to greater extent than
here, and we might console ourselves
company and that we only share general
depression.
To meet the interest alone upon loans
placed in the section depending upon San
Antonio our banks will husband their re-
sources, because it will take about half a
million dollars to relieve the borrowers.
The alien land law has frightened the
situation to such a degree that we may
not be surprised If disaster does not come
to many who otherwise would have felt
easy.
Much hope is placed in the bright out
look over the country at large, and we
will finally come out all right; but in the
meantime, the tax payer should be dealt
with lightly and our public affairs, city
and county, should be kept within our
means.
1t is ineXcuSable on the part of our Off
.ialS to be extravaganza; it is criminal to
deceive the people with statements that
fail to inform the people of the exact con-
dtOn of their affairs.
X X
No more money should be borrowed;
this continual output of bonds to carry on
social led public improvements should
cease for time at least.
A dissection of the last quarterly finan-
cial report made by the city shows that
the city collector collected from all
sources during the quarter ending Aug.
3lSt, 81, SS1, 1866.
During the same quarter the city bOr
rowed from the s. A. National bank, $780,
O0O.0O, making a total of receipts of SILL,
1866. A good deal of money for these
hard times.
n
The treasurer reported cash on hand at
the end of the last quarter, May 3lst,
S236,0S6 "a, making a total to begin bust
ness with May 3lst of S407, S53. 10; nearly
half milliOn-a big sum indeed.
Mo-, e. . i+on,s Of ovnop6i+uroS foot nm
{ lO7, S53 10, which includes cash reported
on hand SC),2O4.53.
A very good sum to begin business on,
if it was not all borrowed money on
which we are paying interest.
But we have authorized another bonded
loan of 5000. and there is a proposition
to add another $1,000 to the sidewalk
fund while we have over 5000 lying idle
credited TO that fund.
The idea is to get more money to lie
idle in order that we can borrow anC
keep on borrowing money to run the cur
rent expenses.
There is reported to be on hand some
thing over S49,CC0.L) school fnnd borrowed
| for building purposes. Why don't they
spend this money; isn't it on hand?
A careful scrutiny of the city eXpendi
lures will show to any ordinary man tina
an immense saving could be made with
out impairing the usefulness of the ma
| chine.
X
And as stated above, no time in the
| history of our people has there existed g
| greater demand for strict economy, al
we'll as the avoidance of extravaganza.
|
| There is little hope however for thi
| exercise of economy and strict business
methods by the present administration.