St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-24

when Mr.. McCardy said, as he did. that
the present administration had paid off
S626.529 81 of certificates, he included
ss72,OOO of certificates which, in -prac-
tlcal effect, had been directly renewed
IN the form OF tax levy certificates. In
ther words, the present ad ministration
mas been doing the same thing that an
ordinary individual does when, having
grocery bills Oh one hand and a note
Que at the bank OIL 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
ne pays his grocery bill. A comparison
OF the amounts of certificates of in-
deDtedness and tax levy certificates
outstanding June G, 1892, with those
outstanding April Is. 1894, respectively,
! Will serve both to illustrate and to
demonstrate what we have said.
June6. Apr.I9, De-
1872. 1894. crease.
Indebtedness .l49, 5s9.S7 S529OOO $500, $50 ST
Tax-Levy Ger
uhcates. :. 1,4S4,50O 2.IO0,5,0 $4,000
Ii VIII be seen that the increase in
one form OF Indebtedness substantially
balances the decrease in the other.
NOW. lnasmuch as, at the time the
present administration came into
power, there were collected and in the
hands or the county treasurer, ready to
be turned over to the city treasury.
about S212,OOO, applicable to reduction
OF the city Indebtedness ian amount
$4,000 III excess of the net reduction in
the debit this leaves the present ad-
mlnistration, in the slang of the day.
Tin pretty deep hole"
But it's hardly fair to leave it there.
for the cash on hand in the city treasury
June 6. 1892. was s577, sos. 76, against
sS46,69 April 10. 1894, showing an ac-
cumulation of cash of S26S, 1924. As
Stunning that in each case substantially
| all this cash was applicable to the re-
| duction of Indebtedness, which is con-
| slderably 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
s422, $3.50 4-still a very different thing
from the 1861, 1892 claimed by the Re.
publcaus.
2. Now. where did the money come
from that goes to make up these two
Items ofsl53, 690.30 decrease in indebted
ness. and 1868, S92.24 increase i'm cash?
AS we have already said. 1912. SGT. 6S of
1t Ito be exacD had been levied and col.
lected in taxes by the Democratic adj.
mlnistration before it went out of office.
Still $50. 900 more was included by the
| Democratic council in its tax estimate
for 1892. and subsequently collected
during the period of Republican con-
troll. Eighty-nine thousand dollars
of the money going to make
up this balance of 1922, $50. 81
the Republican administration alb
stracted from the school fund i'm this
wise: At the time the city government
was turned over to that administration
there was in the school fund a surplus
applicable to the building of new school
buildings of upwards of $4,000. In the
months of September and October. 1892
the Republican city officials. in direct
violation of the express prohibition
contained in the Bell charter (page 16l
diverted sS9.217 of the money thus be.
longing to the school fund and applied
the money to the redemption of certifi.
Gates of indebtedness. Thus, In order
to make little cheap political capital
have our reformers-pretended follow
ers of the letter and spirit of the Bell
charter-violated its letter. cast its spirit
TO the winds. stripped the city of re-
serve sacredly set apart to care for
the future education of its youth, aud
finally claimed credit for its iawless
vandalism as reduction of the city
debt and an economy.
| TO recapitulate, the present admins
tration obtainei.:
Of money collected under the
Democratic administration
for the purpose of liquidat-
ing city Indebtedness .S212. S66 6S
| OF money levied by that ad-
| ministratiOn, but not col.
! lected. 49, ......... $4,000 90
OF money belonging to the
school fund and turned over