The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-03-16

tions:
City Of Colorado, $50 600.
City u Lsmpasas, S4O 0UO
City Of Terrell water issue, 81 00o,
school issue, 27,o00; invalidated by
the courts
City of Texarkans, wafer issue,
$40 900
City Of Cleburne, water issue, in
validated by the courts, s35 900.
City Ct San Angelo, Incorporation
declared iuv lid, without provision fyr
the pawn n, of the bonded debt.
County Of Presiio. 100000.
County Of Reeves, S53 600
County Of Martin, SO, 900.
County Of Nolan, $40, 900.
County of Howard, $50 600
THE News will not assert that all
these bonds are valid obligations, but
it does not hesitate to suggest that the
existence of the system now proposed
would have detect, d, q all probability,
every constitutional defec and would
have cured every other form of
irfegular,ty, and that these bonds
W uld never have been f ,a,ed upon
| eastern, western or any other marke S
only to be repudiated and resisted in
the courts whether success full or not
Nor is it a. all likely that they would
have gone out under such conditions
as to render an appeal to the courts
necessary to enforce their payment.
These municipal corporations are
clearly the creatures OF the state, with
on y such powers as are specifically
set forth 10 their charters, aud it is not
only the right but the p ain duty of
the state to qure Of them a strc,
compliance with the law She has the
right to demand of her creatures that
he good mime of the state shall not
suffc through the issuance OF fraudu
lent or invalid bonds, and it is her
duty alike to herself the municipal
corporations and the public to rigidly
force that demand.
1t strikes THE News that paper
which has yelled itself hoarse over
the enjoning Of state tribunal by
the federal court against the regula
ton of corporations created by the
state, ought to have little to Say at
this juno ure on the SUBJECT Ct local
ref government.
If the echoes of the recent political
campaign could no longer be heard,
and this plan could be considered as a
plain, business proposition, free from
political entanslements, THE News
believes that fully nine-tenths of the
butiness meu and huapciers of the
state would recognize the imperative
necessity for some such leg Station
At the risk of narrowing the feelings
Of the esteemed Statesman, THE
News is constrained to qrote no less
an authority than Hon George Clark,
ia whose sheltering bosom the aristo.
cratic editor Of the Statesman hopes
to rest in the world to come. Judge
Clark, in letter addressed to Hon
& A. Sturgis and read at mass
meeting in Waco June 9th, 1891,
said City bonds and city in
deb,edness are the bane Of our ctuiL-
.ation today, and an investigate
will show that it is the natural ten,
dency Of every municipal corporation,
when authorized 10 bond, to extend
their bonds to their utmosS limit.
While | have no complaint to make
against the present city authorities
on this head, am unwilling to trust
them or their SUCCESSORS with any
enlargement Of this power to bond.
Indeed I would not be willing to trust
myself in such matters, and the only
safe aud reliable course TO prevent
the imposition Of an overwhelming
debt upon US, is gUord peW the Hmito.