The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-10-08
THE CITY'S FINANCES.
nurie submits a Plan for Re-
pIenishing Funds.
ESTIMATES FOR NEXT YEAR.


La charter requires that all money
- 80 ths city treasury shall be appor-
.-,anr certain funds. each Of
-sseh ,hsls beaT its own GRATIS When
.-'T,exsursr Krug absconded be left all
e. ,raney scattered In such way that
- fnna wss deficient. but 1t was i'm
--.ts. n determine 70 what extent each
- 80 sspseted- Treasurer Durie gath
- - sif the bank balances and other
80 ...>ts and has placed part with a
-. ,an,ber Of banks. II would be hsz-
-s..s "a keep 80 large an amount in the
s.sn.systsvely insecure vault Of the city
- He has divided it up into such small
- hat there is no danger of eonsid-
$3.50 loss, and no bank can lend It out,
80 . subject TO call At any moment
"a. next step was TO ascertain how
"a a the total should be spportioned
: s.ea fund, and for that purpose the
-.~ar Al Mr.. Darie's request, summoned
-. snsace committee yesterday to meet
- .1yisory board and consider the situa-
-. The meeting was attended by Mayor
pn,.ld Comptroller Carson. Treasurer
s Ts.-ie. Commissioner Van Brccklin, City
ssssk gtoneman, Aldermen Miller. Daul-
"a. and earle, Delegates Lyon, Shields
snd Criehton.
fhs xhole financial situation was can
ysssed. including not only the segregation
,ffunas. but also the possibility Of a de-
ses.nes before the close OF the current
s.nsi year. and the estimates and expense
en- nsrs year upon which to base the tar
isvY
Ths eity council met In special session
"a PASS an ordinance providing for the
transfer Of money 10 pay the monthly sal
.ry warrants, and afterward the finance
committee vas engaged disposing Of the
securities snd other papers in its
hands. a. Chairman Dauiton leaves today
for the East and desired to have every
thing closed up before he left. His tcsti-
moay has been given before the grand jury
sna be was excused from further attend
sncs. These matters caused delay In the
meeting Of the advisory board and II was
resolved 10 call another meeting at an
early date.
Treasurer Durie submitted his plan for
the rrplenishment of the funds. He pro-
poses to divide up about $4,000 among the
general city funds in equitable proportions,
snd ~ debts due Krug are paid TO continue
the superintendent until the suspense ac-
eoant is balanced. The plan was approved
aitsr very little discussion, as Mr.. Durie
had carefully calculated the ratio.
The subject of making M the deficiency
In funds for expenses toward the close OF
the year was also discussed, and IL was
agreed TO exercise the closest economy in
I'll departments and endeavor to avoid
borrowing In anticipation OF the tax levy
until II became absolutely necessary. The
board Of works will furnish an estimate of
the amount required for unavoidable
street and sewer work. The monthly ex-
penses have been reduced by the compile
fon Of water pipe laying. and there will be
Ea Increased income in the water depart
lHsnL 1t may be necessary to raise
money TO meet the interest on bonds by
January next, and Alderman Daulton
vas instructed to advise the mayor as to
he prospect of etfecting sale of bonds
While in the East.
The discussion on the estimates for next
rear was of an entirely informal character,
and il will be renewed at the next meeting.