San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1892-03-16
SHORT STOPS.
what the People are Saying.

what the People are Saying.
The people understand that the
surest way to destroy the credit and
financial standing of q city is to
plunge 1t into reckless extravaganza
and political jobbery.
When q city has something to show
for its debt except running expenses,
the people bear with patience reason
able taxation. But when city ad-
ministration runs into debt, for run
ming expenses, and attempt to fasten
that debt upon the people for gen.
Grafton, it is policy too ruinous for
sensible people to adopt.
The city that is careful about pill
ing up bonded Indebtedness; that
only makes such Indebtedness for
needed improvements that will benefit
posterlty; that keeps taxation
down to the expense of an eco
nomical administration of'the govern
ment, stands In far better light at
home and abroad than q city that
goes on In a reckless way to vote
bonds for everything.
What would be thought of the in
dividual whose current income was
equal to his annual expenses, who
would pledge his estate for 20 years
and bind his property to pay interest
and principal, because he is offered
money at per cent per annum;when
he can borrow money as he needs it
at s per cent per annum; aud the
total interest upon the whole amount
would not exceed per cent per an
mum, and he would have no perpetual
debt hanging over his estate.
Where would such q foolish finan-
cial policy and, our city is grow
ing, its current expenses must nee.
cessarily grow larger, and if the
policy OF issuing bonds to anticipate
current expenses is adopted, each
year will witness new issue of
bonds for this purpose, and in this
way our credit will be absorbed and
our ability to borrow money for inn
provements will be at an end.
Capitalists who invest in bonds,
watch with care the administration
of city government, and the city
that is careful about making bonded
debt stands best in the eyes of the
financial world.
The refusal to vote for the $3.50. 600
bond proposition Is not d refusal to
vote the necessary money to defray
the expenses of the city government;
these expenses are already provided
for by the levy of taxes.
To call the people moss backs be-
cause they have lost faith in an ad-
ministration that has shown its utter
unfitness to conduct the city affairs,
won't gain votes for the bond propo-
sition.
Fit is asked why the people have
lost faith in Mr.. Callaghan and his
council we have only to point to the
city hall job; to the bridges; to
the depleted special funds, to
the fact that we have voted
for bonds to build school
houses never built, to garbage fur
naces never built; to streets to be
improved that are still in the mud
To unnecessary extravagance during
a period Of financial distress In the
establishment of paid fire depart
ment; to increased employments to
political favorites.
Looking backward the people re-
member the fact that when times
were sh,-that is, when the bank
poured out it's money on the mayors
notes, he spent the greater part of his
time in foreign lands or upon trips OF
pleasure. The people have grown
tired of all this.
The hundred small leaks the double
salaries; the loose, irresponsible con
duct of affairs, have determined the
sensible, conservative element of the
community to endure everything
rather than contribute one cent more
than they are compelled TO contribute
to have these things peTrpetuated.
The paid press; the arguments of
interested pap suckers; the bene-
ficiaries of city jobs; the political am,
bition of local bossism; will receive
rebuke at the polls.
The people have good memories;
they do not forget that Mayor Gala
ghan as chairman of the county DEM
ia L. - ...@lN