San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1892-04-15
r elbow Taxpayers of the City of
San Antonio.


the credit of our city, and to vote for
proposition to create large bonded in
debtedness. The Mayor has issued his
proclamation in which he fixes the date
of the election on the 10Th inst, and in
which he sets forth the object of the cleo
ton as follows:--To take the sense OF the
property tax payers voters of the city as
to whether or not the city should issue
two hundred and fifty thousand dollars
(S2so, ooo) TO so) twenty thirty years, (6)
six per cent bonds. The proceeds of said
bonds together with the receipts of past
due and valorem taxes, occupation taxes,
licenses, market fees, recorders court
fines, etc, etc, to be used to meet the
current expenditures of the city govern
ment Of the city of San Antonio for the
fiscal year IS92-9S.
1t is important that every taxpayer
read carefully and consider the above
extract from the Mayors proclamation,
and to understand that it is for the pur-
pose of borrowing $3.50, 900 which is to be
added to the whole amount collected for
taxes and from other sources, and to
be issued for what? To meet current
expenses" of the city government tor the
fiscal year IS92-e3 and not one dollar for
public improvements.
In presenting this question to you, we
desire to divest it entirely of politics or
partisan discussion, but submit it as
simple business proposition, and we ask
YOU to consider carefully the ACCESSIBILITY
of adding to our large bonded indebted
ness at this time.
The honest citizen, the careful business
man, during these dull times, with our
increasing tax bills before us, and with
no bright business prospects for the near
future, should naturally hesitate to thrust
a greater weight on our already over
ourdened tax paying community
During the past seven years the bonded
debt of our city has steadily increase
until it now reaches the large SUM of
zone and one quarter million dollars"
| Think of it fellow citizensl-and consider
the matter thoroughly before you cast
the ballot that may effect the future
welfare of our city.
At this rapid rate our bonded credit
will soon be exhausted with little done
to show for he money,
Every taxpayer must understand that
this proposed loan is not intend d o be
applied to public Improvements to which
posterity might be justly called on to
share part of the burden as participant
ing in their benefits. but to create large
surplus in the general fund and to swell
the current revenue for single years
expenses, thereby tempting waste and
extravaganza.
Every taxpayer must also understand
that the amount necessary to pay the
current expenses of our city government
(about $500, ooo) has already been prop
erly provided for by taxes and other
sources of revenue. The amour: OF
$3.50, 600 is not necessary to pay current
expenses, but as explained by Mayor
Callaghan, the intention is to obtain
from abroad the money to anticipate our
revenues instead of borrowing from our
home people.
We call the serious attention of every
citizen interested in the welfare of the
community as to the policy Of Great ng
a onded debt to meet current exp. nses
of the city government. A step that has
never before been attempted, and one
doubtful of being sustained before the
courts of the country as being against
good public policy. To have this bond.
ed loan saddied upon the people for
thirty years with semi-annual interest
and sinking fund to provide for, aggre
H. lao ,,f
5000, 900 is certainly piece of wild folly,
of taxpaying citizens,
rhe credit of our C ty is matter of
deep Importance to us, and must be well
guarded so that we may be enabled to
meet in the future the demand for
system of public improvements adequate
to our wants and i'll keeping with the
demand of a civilized and progressive
community.
Experience has shown that much of
the money borrowed on bonds during
the last seven years has been wastefully
expended, while large amounts realized
by the sa of bonds has remained I'M
expended in bank for months and years
upon which the tax-payers have been
paying interest and sinking fund.
The tax payer who may be influenced
by desire to help the city over tinan.
cial crisis, to vote for these bonds, should
remember that it has taken year and
ruore to dispose Of $3.50, 900 in bonds, and
before these new bonds could be sold, |
we are likely to have new city admin
istration, and certainly no amount of
bonds will meet the present emergency |
OF the city for money.
We assure our fellow taxpayers that |
the adoption of the proposition to issue |
these $3.50 900 in bouds would be no |
saving to the city, but to the contrary a |