The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-28
THE CITY BORROWS $4,000
First Installment of the S125,000 Loan
Authorized by Council Taken.
Hollis New Bank Gets It-Citizens Of the
'Gooseneck" Moving for Fire Protection
Fort Wayne People Studying.

Al COubO WAbh a
q few days ago Controller W0ollen said
that he expected the clty's revenues to pay
out all its bills and leave $4,000 or SIG, 600
still in the treasury by Jan. /. The author
ity to borrow S125.0 600 he had obtained from
the Council at its last meeting had been
merely precautionary. The money would
be needed to carry the city along during
the first couple of months Of the new year,
until the spring collection of taxes began
to come in. Apparently the Controller
has been q little disappointed in his
calculations, for yesterday he borrowed for
the city $50. OO0. Possibly some bills he did
not expect have come In. Moreover, 1t was
necessary TO send to Winslow. Lanier &
Co., OF New York, 500. 476a5 to meet the
semi-annual interest upon the city's
bonded indebtedness, which was lone yes
terday.
The controller asked for bids for tho
loan. City and Comfy Treasurer Victor
NJ. Backus. who loans county funds to tho
city and city funds to the county, and slips
the margin down into his inside pocket.
tho necessary debit and credit figures upon
his books. Fietcher'sB Bank asked for 5A per
cent. and the Meridian National for 5t. An
other bidder wanted 5 per cent. But the
now State Bank of Indiana' OF Which
president. got the loan at 5 $40 per cent.
whlcn, by the way, is the lowest rate the
city has yet secured. The bank has not
yet opened for business. but it will next
week. The loan Is to run until April 10.
The controller has authority to borrow
SIS 900 more. but Will not do ~it>until q
month or so later, if at all.
Want . New Engine-House.
Citizens and property-owners of the
"Goose neck" that little strip of the cor.
poration which meanders around KissePs
road-house and faro joint. and runs out
along Meridian street to Twenty-sixtb.
and then back to the confines of civIliza-
ton along Mississippi street.. met last
night at Aughinbaugh's drug store. at ILL.,
nois and Twenty second streets. to raise up
their voice and resolve and demand and
try to get something to show for the money
they are paying into the city treasury.
And there were q lot of them thcre. The
drug store wouldn't hold them all, and
as the weather would not admit of an OPEN
air session, several had to 60 home. Thor
first and most pressl NJ anxiety Is for fire
protection. About $50 houses have been
built in that neighborhood in the last vesr,
and there are neither firomen nor appe-
ratus within reach if they should catch
hACs ~ hVaAOob aOaoV 10 eh1S I'll u
street. Then they AVE no water nearer
than Fall creek. though it 10 the intention
of the water company to extend the mains
out there next summer.
Charles A. ~BO0kwalter. the founder of
Kenwood. was made chairman of the meet
ing. and Ed +. Schroerer secretary. A num-
Der OF speeches were made, apd it was de-
termined TO send a committee before the
Board of Works. this morning. to plead for
the erection OF an engine-houee within
tho vicinity. This committee, as made MP,
consists of G. A. Bookwalter. John w.
Bowlus. John FreiburR. William Tall,
Ian Robinson and L. 4. Schroerer.
Fort Wayne Charter Committee.
The committee OF officials and citizens OF
Fort Wayne. in the city to investigate it's
yesterday in the municipal offices. inter
viewing the Mayor. controller and such
mem bers of the municipal boards as they
could find. They expressed themselves as
we'll satisfied that the Indianapolis charter
is, in the main, the sort OF a law that Fort
Wayne wants. though they would like q
number of minor details different to meet
local conditions. There will be o fight
there. as there was here. between
the progressive and the ofice-holdinR
elements of the Democracy as to various
details of the instruinenr. and this light
latnre. Members of the latter body be-.
lieve that one general law should be passed,
covering cities within certain limits OF
population. so fixed az to take in Fort
Wayne, Evansville and Terre Hante. Ii
this is attem pied there will DO q general
hair pulling time among conflicting inter
ests from each of the cities named.