The Providence news. (Providence [R.I.]) 1891-1906, 1894-01-01
In PAwTUCKET.
Mayer Tiepke Delivers His Able Address
before Large Audience Today.

Mayer Tiepke Delivers His Able Address
Before Large Audience Today.
PAwTUcKET, Jan. 1.-The citizens OF
Pawtucket turned out In force this morn
ing to greet the New Year and the new
mayor. Soon after nine o'clock the men,
bers of the old city government met at
the council chamber in the city hall to
take final leave Of each other, after which
they proceeded to Music hall where the
newly elected city officials were awaiting
them.
At 10 o'clock the procession started,
headed by the Pawtucket City band, and
proceeded to the stage where the inaugu-
ration ceremonies were held.
The hall was filled by the friends of tho
new city government, which is largely
composed of Republicans. In the board
of aldermen there are three Republicans,
one Democrat and one Independent Demo-
crat, while the city council consists OF
twelve Republicans and three Democrats.
After tho Introductory ceremonies had
been completed and the oath of Office had
been administered Mayor Tiepke delivered
his inaugural address:
GENTLEMEN OF THE CITY CoUNcIL:
Agreeable to the custom established by
precedent, it Is my privilege to present to-
you statement OF the financial condition
of the city together with suce recon-.
mendations in the methods OF admins
tration as seem progressive and for tho
advancement OF the citys welfare.
Standing upon the threshold Of new
year, can only say that sincerely trust
that no official act OF mine during tho
municipal year will bring pain or regret
to single heart. The future OF Paw
tucket cannot be fully contemplated by
the intellect OF man; it can be safely as
serted, however, that the formulation ot
q sound public policy by the
city council OF today will promote
its greatness, strength and character.
The adoption of sound financial policy
by the city council today, means not only
the securement OF desirable financial
credit, but the permanent establishment
of the same. Establish and maintain
your financial credit by resolute and busi
ness-like action. You can, by your off,
cial action, make our municipal paper
preferred in the money market, and when
this Is accomplished, you will not only
have taken firm step in advance, but you
will have forsaken the dangerous financial
paths of the immediate past, and will
have achieved brighter destiny.
Current expenditures must be Nased
upon current income, and this theory
| furnishes the foundation of the fiscal
policy which desire to see inaugurated
by the city council during the present
year. ask you to join me in an honest
| and fearless endeavor to secure its adop-
| tion.
The liabilities of the city at the close of
| the fiscal year, November 30, 1893 were
| O, ,613, ,62333; credit, S406, ,4S4.99; net debt,
81 ,2O7, 1884; net water debt 81 ,260, ,5S9.96;
| net sewer debt, S56S, ,624. .03; city notes out
standing, S354, ,639. .36; total net debt, Nov.
| 80, 1893, % 1890, ,991.69; increase during fis-
cal year, 1898, s570, 0,367.6l; total sinking
funds, $4,000.
| Municipal Bonls.
recommend that the board OF assess
| ors be requested to make an appraisal o'
! all the real estate and personal property
I of every name and nature owned by the
! city, and that the same be transmitted to
the city council at On early date.
City Treasurer's Office.
1t is my duty to advocate such reform
in the methods of administration as seem
1 wise and progressive. The attention OF
| the city council Is invited to RECON-
| mendation which submit to the effect
that all moneys of every name and nature
due to the city be made payable
to the city treasurer This public Off
Ger should receive all moneys due the city,
and disburse all moneys in behalf OF the
city. The absurdity Of the further con
tinuance of the present policy OF paying
moneys due the city to any other official
than the city treasurer, or at any other
/ Continued on Page z.