The Indianapolis journal., 1893-09-20
HE CAN BORROW AGAIN
Controller Given Authority to
Make Another Costly Loan.
Sixty-Cent Tax Ordinance Introduced
That Made Year Ago Was
to Catch Votes.

The temporary loan ordinance was shot
through the special meeting of the Council
last night Rassmann presided, and all
Casper. Hallorsn and Murphy. The report
of the finance committee recommending
the authorizing of the temporary loan
asked By Controller Woollen was read by
Councilman Ryan, who Immediately moved
that the Council concur in the report. The
motion was adopted and the ordinance
read the Iirst time. The committee then
read q report recommending that an ordi-
nance be adopted fixing the tax levy at GO
cents. and the report was concurred In.
After this the temporary loan ordinance
was read the second time and engrossed.
1t was then read for the third time and
went to vote upon it's passage. 1t was car
ried by vote of sixteen yeas to two nays.
The vote was as follows
Yeas-Allen, Golfer. Costello. Froschauer'
Gauss Habeney, Lalt, Linn, McGufln. Rass-
mann, Ryan, Schmidt, schrader, sherrer, White
and Young.
Nays-Cooper and Puryear
The Republican members who voted for
the ordinance did so because they believed
the iosu necessary and they sharply criti-
cised the policy which made it necessary
TO resort to such frequent temporary loans.
Mr.. Allen asked that some member of the
finance committee explain to him why the
estimate made by the controller short
time ago had proved to be so far short OF
the required amount that it was low
found necessary to make another tempo
rary loan of $4,000. He said he did not de-
sire to throw any obstacles In the way OF
the administration, and IL the loan was
ha m n
Mr.. Cooper voted against the loan. and
explained his vote when II was cast.
You remem Der." ho said. my position
when this question came up before. W hen
estimate for the tax levy. aud did out IL
down from 20 to GO cents, you we'll remem-
ber told you at that time you would be
finding recOurse TO temporary loans. anu
merely for political purposes. l was then
In favor of making the levy 70 cents, as
recommended by the controller. and vote
nay"
Mr.. Young said: IL think the mistake in
these financial transactions was made In
not refunding the bonds in July. If that
had been done you would have saved
enough In interest TO have carried you
through without these temporary loans"
When the loan ordinance was disposed
or the ordinance fixing the tax levy at 90
cents was introduced and an effort made to
run it through at this meeting. An obiec-
tion was raised to this procedure by Mr..
Young, on the grounds that the ordinance
had OF received careful con nsideration from
the committee. He sRid be did not belley Q
the ordinance had been considered by the
committee ar nll. nor did he believe they
bad had meeting since the recommended
tion of thu controller had been received.
the night before.
Yes it has" answered Rassmann from
the chair. IL have considered it very care
fully"
Are you the committeef" asked Young,
and Rassmann smiled.
Finding that there were objections to
shooting through the Council the tax levy
IN the same manner in which the loan or
dinance had been sent through, q call,
signed by nearly every Democratic men,
Der of the Council. was read calling for an
other special meeting of the Council at 10
O'clock this morning, at which the or.
dinarce will be passed.