San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1893-07-07
SHORT STOPS.
What the People are Saying.

What the People are Saying.
The people at the last city cleo
ton elected the Paschal ticket by
over three thousand majority be-
cause they We're promised that the
ruinOus financial methods of the
past administration would be cor
rected, and that the books would
be opened.
The books have been opened, and
disclose a financial condition of
affairs alike disgraceful and ridicu-
lous for an intelligent, business
community. One big item dis
closed is that there is no sinking
fund to meet our bonded indebted
ness. Another item that S799, O56.T
has been expended in the last eight
years over and above the appropri-
ations made in the annual budgets;
that from March LIST, 1885 to March
LIST, 1898 the city has paid in inter-
est to the National bank SS3, 1896
and owe $l1 10000 more.
The opened books further show
that during these past eight years
the city has had in deposit with
the National bank an average I'M
used annual deposit of $751; POO. In
other words Breckenridge has
been lending the city its own
money at s per cent interest. No
wonder our tax payers and bust
ness men are up in arms against
this ruinous policy.
No wonder that our conservative
business community are highly in
dignant over the cry of "repudia
ton" which has been stated with
in the walls of a banking house
that has been fleeing the city in
the most shameful manner.
As the people read the financial,
disclosures made by the experts
and the correspondence between
Mayor Paschal and the flock of
lawyers that breckenridge has
hired to bull-doze the city they
will grow still more indignant at
the desperate attempt to place the
city in the attitude sof "repudia-
ton" because the city is making
an honest attempt to pay its credi-
tors and provide for its debts.
We all understand now. Brack-
enridge started in to wreck the
city of San Antonio financially, he
procured the election of his. cashier
as city treasurer, so that every
dollar of the city's revenues
would be poured into his bank. He
manipulated the former admins
tratiOn to pass an ordinance to so
keep the city account as to secure
every dollar of revenue to his
credit.
The whole transaction was ille-
gal, it was unjust to the creditors
of the city; it placed the city at
the mercy of the bank; it had to
borrow its own revenues to pay
daily expenses. No wonder eX-
travagance and loose business
methods prevailed, and if contin-
ued would bring the city to ruin.
But the water works would have
been saved.
The city has repudiated Mr..
breckenridge, that is as far as the
reputation goes, and it should
Dust his cashier as city treasurer.
Herfr ought to resign, he owes it to
himself and family to do so; he
cannot serve two masters longer,
he must take his choice between
breckenridge or the people who
elected him.
Mayor Paschal, with a fairness
unsurpassed, and moderation sell
dom exhibited under like circum-
stances addressed letter to
Breckenridge disclaiming any
thing like reputation on the part
of the city, but placing the situa-
ton before him firmly that the
city would no longer pour all its
revenues into his pockets, to the
injury of the city and its other
creditors, that the city would pay
him off as rapidly as it could with
out paralyzing its entire ma
chincry # government, and doing
Injustice to all it's other creditors.
What was Brackenridge's reply?
That ne matter what might be the
- i IL.