Evening journal., 1891-07-24
TO IMPROVE THE STREETS
ORD NANCE FOR THE BORROWING
OF A HALF MILLION PASSED.

At last evenings session Of CITY Coun-
ell the ordinance for borrowing $500 600
for the Improvement OF the streets of
Wilmington, was passed, Mr.. Murray
voting against It,
The Finance Committee submitted the
following report, setting forth their
opinions on the petition of Messrs. Bette.
Capelle and Field, bank presidents, asking
for division of the city's money
II. The national banks of this city
may be legal repositories of the public
funds subject to the approval Of City
Council.
'2. The Union National Bank shall be
the active bank and the others shall be
known as depository banks.
"3 Interest at the rate of not less
than per cent. yearly shall be credited
oy each depository bank to the city
monthly, on IFS average deposit and by
the active bank upon a sum not exceed.
ing sou OOO, so long as this amount shall
be on deposit with it,
a. All cash receipts of the city shall
be deposited In the active bank.
50. On the second Friday of each
August and February the treasurer shall
draw in the usual way from the active
bank and deposit ia equal parts In such
of the depository banks as shall have
been approved by Council, go per centum
Of said funds on deposit with said active
bank, provided that none of the deposi-
tory banks shall receive more than 10
per centum.
SO. Whenever and as often of the city
deposit In the active bank shall be re
duced to $50, 600, the city treasurer shall
draw from each depository bank the sum
OF $40, 600 and deposit the same 10 the
active bank, but when the deposit iu a
depository bank Is reduced TO $40, 600 or
less the whole of the said deposit shall
be drawn when the next draft is re-
quiIed.
''F. B. COTTON,
81. A. MAGEE,
"a. w. PERKINS
Mr. Murray inquired what induce
merits the other banks of the city would
give for the division of the deposits
The rate at present was per cent. and
If the other banks give more he was
satisfied to vote for the adoption of the
repolt t, but he thought the change would
entail unnecessary expenses. A set of
books with each bank would have to be
opened which would necessitate the EN-
ployment of more clerks in the city
tressurer's office
Mr.. Cotton replied that the reasons set
forth in the original petition from the
bank presidents were those which in
duced the committee to recommend the
| change The matter had been duly con
| sidered with citizens. bankers. and the
Union National Bank people and the con
census of opinion favor the change as
recommended in the report of the com
mittee But little extra bookkeeping
would be required The report was
adopted by vote Of 10 to /, MIR. Murray
being the minority.
The Finance Committee recommended
that So, 56 over paid taxes be returned tC
| Adolph Kern. The report was adopted
| The Police Committee approved the
| petition OF F. B. Coltcn and others ask
ing for the appointment of a specia
officer in Eighth street park and recon-
mended the appointment Of Thomas
Nsudin, colored, to the position. Th'
report was unanimously adopted.
The Law Committee reported favor
ably on the ordinance for the borrowing
of $500, COO for improving the streets
The report was filed
The city treasurer reported the balanc
bank to current expenses, $l07, ,475.27
special deposit, 81, ,454 62,' John
MealeY's collections amounted to $23
$50; Edmund Mitchell, IRE, to $33
S75; the water commissioners to 50, 13
and the city auditors to $3.50
The Sinking Fund Commissioners wer
granted permission to secure a box
, one of the banking institutions, at
cost not exceeding:$1O, to hold cancelle
bonds.
A petition from the Water Commi
sioners asking the use OF the police sil
g nails and FIRE alarm system poles Il
wires, was referred to the Police Con
e mittee.
The petition asking for commissio
Q to condemn the property at Fifth an
Walnut streets, was referred back
r Council Oy the Street and Sewer Dire
4 tors with an inquiry as to what pr
e visions had been made in the way of a
{ appropriation. The matter was referr'
b to the city solicitor.
{ A petition from George M Grifiii
n asking for the return of $3.50 overps
J. taxes was referred to the Finance Cor
, mittee.
a Mr. Cotton called up the third rea,
D ing Of the ordinance providing for Il
3 borrowing of $500, 600 for improving Il
streets
D Mr.. Murray arose and said in su
J., stance that he had no doubt but &
n ordinance would be passed. But it was
IS question as to whether Council W
Is justified in putting so much more de
$. on the city. The debt was already a
Is 500 600. This appropriation would ma
rs It 81, 000, 00e, which would be lien
re every foot of ground in the 'city Wol
s ingmen owned 65 per cent Of all t
property In the city, but others hI
mortgages on it and did not pay
q taxes. Therefore the workingm
vi would have to pay interest and tax
cy II others wanted better streets tn
should pay for them. When the STR
and Sewer Department was est
8. lished their appropriation was tS
,d 900 yearly, now 1t was 1925, Ol
he which with other things give them
nd appropriation of nearly $4,000. III
ba was reasonable sum to carry on str
~ improvement. Again the money VOL
an be expended in making experiments W
Ir. fancy paving, while the Ninth, Eleven
N. Twelfth and a portion of the Seco
na wards, would be neglected as In the pc
az The act was not mandatory and no me
- Der was compelled to vote for it.
- The ordinance was passed by vote
10 to l. Mr.. Murray voting no.
The ordinance providing for
Issuance of certain sinking fund bon
Ike also passed third reading. Both W
signed by the mayor and then pass
Ike Council adjourned
L.