St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-04-22

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ther words. the present adml nistration
he's been doing the same thing that an
ordinary individual does when, having
grocery bills OH one hand and note
due at the bank Oh 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
outstanding June 6, 1892, with those
outstanding April IS, 1894, respectively.
will serve both to illustrate and to
demonstrate what we have said.
June 6. Apr.l9, De-
1892. 1894. crease.
indebtedness 81. .l49, 81 s529.O $500 5eo.s7
Increase
Tax-Levy Ger
tifcates. ;. 1.4s4,5OO 21Oo.5'o $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 $4,000 applicable to reduction
Of the city Indebtedness (an amount
S5S, 600 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 1t there,
for the cash on hand in the city tr reasury
June 6. 1892, was S577 ,SO5. .76, against
sS46. .69S April 10, 1894, showing an ac-
I'cumulation of cash of S26S, ,S92.24. As
suming 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 (though not reduction of
| indebtedness since June 6, 1892, of
1922, 5S2.54-still a very different thing
| from the sS64. .S3S.22 claimed by the Re.
publ'cans.
2. Now, where did the money come
from that goes to make up these two
items of Sl53, 500. 80 decrease in indebted
ness. and S26S. .S92.24 increase in cash?
AS we have already said. s212. .S66. .6S of
1t Ito be eXacD had been levied and col.
lected in taxes by the Democratic ad.
mnistration before it went out of Office.
Still $4,000 more was included by the
Democratic council in its tax estimate
for 1892, and subsequently collected
during the peri iod of Republican con-
troll. Eighty-nine thousand dollars
of the money going to make
up this balance of S422, ,5S2. "a
the Republican administration alb
stracted from the school fund in this
wise:' At the time the city government
was turned over to that administration
there was in the school fund 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 16),
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 i,
have our eformers-pretended follow
ers of the lettef ahd spirit of the Bell
charter-violated Its letter, cast its spirit
to the winds. STRIPPED the city of re-
serve sacredIy set apart to care for
the future education OF Its youth, and
finally claimed credit for its lawless
vandalism as a reduction of the city
debt and an economy.
TO recapitulate, the present adminls-
tration obtaine6:
Of money collected under the
Democratic administration
for the purpose Of liquidat-
ing city indebtedness ..... .$212, 1896 6S
OF money levied by that ad-
ministratiOn, but not coll
lected. .......,.... .......... $4,000 90
Of money belonging to the
school fund and turned over
to it by the Democratic ad-
mini'trati0n' dt n''...'''.'''.''' ss.al7 %
In all Of money provided
or turned over by tho
| last Democratic admins
istration.. .e3S2, ,OS3 6s
This leaves only $40, 49S. SO of tile total
amount Of the bettermeht Of the city
! finances for which the present admins