San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1892-03-10
SHORT STOPS.
What the People are Saying.

| what the People are Saying.
The proposition to issue $3.50, 600
bonds to pay running expenses of the
city Is the most monstrOns of all the
financial experiments OF the CAL
laghan administration.
1t lie very doubtful if such AL issue
is authorized; certainly no such bonds
are contemplated by the charter; no
such Indebtedness Is justifiable in
the face of the fact that the current
expenses OF the city must be paid out
of the current revenue raised by tax.
alton.
But in these days when innocent
purchasers are dangerous, 1t is best
for the people to veto such q PROPOSE.
tion at the ballot box.
The financial statement, published
] at great expense TO the people, is be-
fore them, and we venture nothing in
asserting that not one taxpayer in
derstanding of the city's financial
| condition.
A good deal of the matter pu blished
is bogus, but there is sufficient die.
covered to put every taxpayer to
thinking. Under the head of resour-
ces the amount given in total is $454,.
2S6 20. AS no explanation is made
We must presume that these resOur.
| ces are genuine. This amount lie
exclusive of the taxes tor 1892. The
liabilities are placed at $i79,572 OF,
and this item is evidently genuine.
| 1t contains the amount due the s. A.
National bank, $500, 500.74 There.
fore the deficit is only S25, 535. 80
Take this amount from the taxes of
| 1892 and sufficient money will be
left to run the city government with
out recourse to the $3.50, 900 bond prop
osition.
But the truth is, large amount
put down as resources is bogus, and
only enumerated to make q good
showing and to deceive the people.
|
| What has become of the sinking
fund, remains q question for the peo-
pie to figure out; in this statement
the item especial fund" is given
among resources, $27.0l0.12. We sup
pose this is the amount of sinking
fund on hand December 3lst, but
since then it has been reduced to
$40, 900 by payment made on inter-
est coupons. The people are kept In
the dark rs to the amount that should
be in the sinking fund and
| are told to take the pencils
and calculate IL from the
bond statement. There are very few
experts among the people but the
citizens association might have the
problem figured out, and published.
Under the hea d of school fund the
item of $50, 900 realized by the sale of
bonds to build school houses is placed
among the resources, and seems to
| have been thrown into the
general fund for school pur-
1 poses, and used for every
character of expenses connected with
our public schools, and the sum re-
remaining I'm the school fund Dec.
| 21st Is 1886, 533 10 in other words al!
| the school money from every
source has been expended in
Guiding 39,033.l0 due by the
state, except $50 535 10 The $4,000
| for the erection of school buildings
was spent for current expenses.
X
Another en- put down as cash in
the hands of the treasurer is the bal.
lance lett of the garbage furnace fund,
Sl3 493 90 The fact In this money has
been spent.
The people must to a man be urged
tn come to the front and put quietus
on the bond proposition.
The Report Denied.
ATHENS. March 10.-The story