St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-29

when Mr.. McCardy said, as he did, that
the present administration had paid off
1920. ST of certificates, he included
| S272,100 of certificates which, in prac-
| tical effect, had been directly renewed
| In the form of tax levy certificates. In
| Their words, the present ad mlnistration
has been doing the same thing that an
| ordinary individual does when, having
| grocery bills on one hand and a note
j. due at the bank on the other, he takes
| the cash in his pocket. with 1t pays his
note. and then turns around and bor-
rows money at another bank with which
he pays his grocery bill. A comparison
of the amounts of certificates of in
! debtednesS and tax levy certificates
J outstanding June 6. 1892, with those
outstanding April 10, 1894, respectively,
will serve both to illustrate and to
demonstrate what we have said,
| June6. Apr.19, De-
indeDtedness.sl ,l4s52s.s7 $4,000 seso,5ss.s7
| Tax-Levy Ger
tiicates. $40. 1,4s4,500 2.10O5N0 $4,000
1t will be seen that the increase in
one form of Indebtedness substantially
balances the decrease in the other.
| Now. inasmuch as, at the time the
present administration came into
| power, there were collected and in the
hands OF the county treasurer, ready to
be turned over to the city treasury,
about 1000, applicable to reduction
of the city Indebtedness ian amount
$4,000 in excess of the net reduction in
the debit this leaves the present ad-
ministration, in the slang of the day.
''in pretty deep hole"
But it's hardly fair to leave it there.
for the cash on hand in the city treasury
June g. 1892, was S577, 500. Is, against
SS46, 69S April 49, 1894, showing an ac-
emulation of CASH of S26S, S9224. AS
Stunning that in each case substantially
all this cash was applicable to the re-
duction OF Indebtedness, which is con-
siderably more than fair to the Re.
publican regime, there has been an
Improvement in the financial condition
OF the city QhOugh not a reduction of
Indebtedness since June 6, 1892, of
1922 5S2. 54-still very different thing
from the SS64, 1892 claimed by the Re.
publ;cans.
2. Now. where did the money come
from that goes to make up these two
items of 1888, 690.30 decrease in indebted
ness, and S26S, S92.24 increase in cash?
AS we have already said. S212. sec. 6S- of
1t ito be exact had been levied ana col.
lected in taxes by the Democratic adj.
ministration before it went out of office.
, Still $4,000 more was Included by the
Democratic council in it's tax estimate
for lS92, and subsequently collected
, during the period of Republican con-
troll. Eighty-nine thousand dollars
| of the money going to make
l up this balance of 1922, So. "a
the Republican administration ab-
stracted from the school fund in this
: wise: At the time the city government
t was turned over to that administration
Y there was in the school fund surplus
applicable to the building of new school
n buildings of upwards of $4,000. In the
S months of September and October, 1892,
Y the Republican city officials. in direct
" violation OF the express prohibitlor,
g contained in the Bell charter (paga l6l.
). diverted SS9.2l7 Of the money thus be.
v longing to the school fund and applied
e the money to the redemption of certif.
= Gates of Indebtedness. Thus, in order
N to make little cheap political capital
J, have our reformers-pretended follow
It ers of the letter and spirit of the Bel
y charter its letter, cast its spirit
n , to the winds. stripped the city of re-
e serve sacredly set apart to care for
If the future education of its youth, and
6 finally claimed credit for its lawles:
l, vandalism as reduction of the city
debt and an economy.
To recapitulate. the present admins
T. y; tration obtained:
Do OF money collected under the
Democratic administration
90 for the purpose of liQuidat-
% ing city indebtedness 80. .s212, $3.50 81
OF money levied by that ad-
- ministration, but not col.
lected. .......... .......... $4,000 o
= OF money belonging to the
"a school fund and turned oyer