The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-12-02
BANKING CITY FUNDS.
Interest to Be Required on Bal
ances and Deposits.
JUDGE WOOD SUCCEEDS KERR.
Chaxtsv Bsvis1sa Cea0ittse Adopts
Anssa.esss Ksxslass.g Dspssi-
tories sf Cfsy Messy.

nation a. member Of the charter revision
COMMITTEES on the ground that Q pressure
o. business prevented his attending the
meetings. His resignation Vas accepted.
and ex-Judes ". D. Wood Vas elected in
his place The members attending last
nights session were Chairman Drew,
6eofEe DonwoTth, Aldermen Cram. In
gram and Jordan, DR.. Crichton and w. G.
Armstrong. The order Of business vas
toe consideration Of Woods proposed
amendments By which the city council il
empowered 70 widen streets. He ex-
planned that It Vas framed to meet the
case OF bouisvards. the main cost Of which
should b borne BY property owners adj
joining. and also broad business
streets. the chief benefit Of which
would b for the general public and much
Of the cost should b borne ct large.
Mr.. Donvorth said the object seemed .
good one but he thought the present ma
chinery would suffice. While broad streets
we're for tbs general benefit, yet there
was reason TO believe that the more peo-
pie passing along thoroughfare the moro
valuable the abutting property. He then
reviewed the legal aspect, and pointed cut
that there wouia Be serious objection TO
the assessment being made upon benefits
whose extent should b determined BY the
board Of public works. Under the present
charter II property owners desired they
could petition for m ordinary street and
Be Assessed for il; and the council could
make the streets wider at the same time
and pay the difference ont Of the general
fund.
Mr.. Wood said that the principle laid
down BY Mr.. Donworth - TO traffic in
creasing values applied to business prop
crty, but not to the same extent to boule-
wards, certainly not to the extent which
would indace such property owners to
voluntarily submit 20 assessment for the
extra cost Of grading.
The amendment Was adopted and re-
ferred to the revision committee.
Mr.. Drew, calling DR.. crichton 70 the
chair. submitted an amendment to the
effect that the four aldermen elected
March. 1894, should serve for two years
only. II was referred to the legislative
committee.
Mr.. Wood then presented his amend
ment. already published. moro explicitly
defining the city's police powers with ref
srsncs TO parks.
The proposition was sent 70 the revising
sub-committse.
The committee then took up the pro-
posal TO put mp the city funds to the high
est bidder, leaving It 70 the discretion Of
the city council to accept or reject bids.
DR.. Crichton said the objection to the
proposition ~ first made was that the
bank offering the highest rate Of interest
must be declared the depository, aud that
the less responsible the bank the higher
would DO the rate OF interest. He now
proposed to leave the city council some
discretion, and he had adopted almost
verbatim the provision In the Minneapolis
charter. In that city the banks paid 8 per
cent on monthly balances and per cent
on time deposits Of city money.
The amendment was agrsed to and the
interest placed at per cent. and per
cent. the capital stock to BE- 500, 600.
Mr.. Donworth explained, in reply to
questions. that the revision committee
ought to close its labors by December G.
The last day on which amendments
must pass both houses. was not later than
January 4. ~ sixty days must intervene
before election and that will bs on
March G.
Alderman Jordan called attention TO the
necessity for greater care in the storing Of
explosives. He warned the council that
mere lucky accident alone prevented ter
ribls explosion but a short time ago. and
the people have been sleeping on vol
cano. He gave several instances In which
he considered that the people had been
unduly subjected to insxcusable risks.
He ssrcast.caliy referred to the ordinance
which prevented the keeping ION hand"
Of large quantities Of explosives. yet per-
mitted them to be carted through the
streets. If there has been no great catas-
trophe It il because the city has enjoyed
that luck which often accompanies fool
hardness.
Mr.. Donworth said there were difficulties
in the way. but he believed some good pro-
vision might be drafted.
Alderman Miller said the people of Queen
Anne hill had been petitioning for the re-
movsl of the powder magazine for Eve
years.
The committee adjourned until Tuesday
irb