San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1893-07-07

have permitted all of the revenue
of the city to be paid to you it
would leave the city government
penniless to carry on the duties
and functions imposed on 1T. l
therefore again renew the PROPOSE
ton made, and will add that the
city will be ready to make imme-
diate payment of thirty thousand
dollars, paying the last three notes
first if you so desire.
| trust that may receive a final
answer from you, in time to APP
prise the council of your determi-
nation at its meeting this after
noon, and l again assure you that
it is the intention of this admins
tration to have you paid dollar for
dollar.
The cry of reputation is inane
and ridiculous, in view Of the thir-
ty million dollars of assessable
values of this city to meet its just
demands. Time is all that is
sought, in order that the city gov
eminent may live. Very respect
fully, GEORGE w. PAsCHAL.
Colonel Breckenridge, through
his attorneys, answered as fol-
lows:
SAN ANTONIO, Tex, July 6, 1898.
Hon. George Paschal. Mayor of the City
of San Antonio, City:
Dear Sir-YOurs of this date adj
dressed to George w. Breckenridge,
president of the San Antonio Ma
tional bank, has been referred to
us for attention.
1t is not now, and never has been
the intention of the San Antonio
National bank or its president to
in any way embarrass or injure
the city of San Antonio or your
administration; but, on the con-
trary, it has been the desire to aid
the same in every way consistent
with the legal rights of the bank.
In your letter you stated that all
you wish is time in order that the
city government may live, and we
are authorized to state for the bank
and for Mr.. Breckenridge that the
bank is willing to grant any rea-
SOnable extension of time, provided
the same is done in a lawful way.
in your letter you stated that the
counsel for the other banks had ad-
viSed you that no preference lien
could be legally obtained upon the
revenue of the city, and, therefore,
you could not borrow the money to
pay the San Antonio National
bank what is justly due, and
you further propose to settle
the present Indebtedness of the
San Antonio National bank
in inStallmcnts from year to
year. Said inStaIlmrnts, as we un-
derstand from your proposition, to
be evidenced by notes of the city,
issued by authority of the city
council, without being submitted
to the vote of the people.
We have advised the San An
tonic National bank that its
present debt against the city in its
present form is lawful and can be
collected. We have also advised
it that if il were co take the notes
of the city, payable in yearly in
stallments, issued by the mayor
and council, without n vote OF the
people, that such notes can not be
collected under the law. Thus you
| will see that we can not advise our
client to rclinquish what we con-
slider its present lawful claim
and take i'll lien thereof
one which we believe would be
clearly unlawful. We have nc
doubt, however, that you are will.
ing to give us legal contract anC
would not wish us to take an un'
lawful one, and wishing further t.
relieve the city from any en-
barrassment, and to show you that
there is no disposition on the par
of our client to Cypress or EN-
barrasS the city or your admins
tratiOn, we make you the follow
ing propositions, which are, in fact
the same as yours, as far as the eX
tension of time is concerned, bu
we think each of them gives GU
client a substantial and enforcibl
contract, and we leave it to you
honor and the council to selec
either of them.
Proposition first. - The presen
debt due the bank to be paid out O
the revenues pledged to secur
same, according to the contract en-
tered into between the city an
the bank, referred to in the ord
nance of July %, 1892, and tn
. bank to loan to the city to defra
current expenses for the presen
fiSnal yaar tho Sum nf 1SO 600 1