The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-07-28
The City's Practical Measures
For Retrenehment
FIRE CHIEF kELlooc's REPORT.
Als sss1fding r1an. ~ 6rnAfng Salaries
-Condifton OF the FfrSboas-Comp-
sroIier Pxrry-s Trip.


patton securities viii % nast xith success.
inssmnch as some 81 the heaviest bond
buyers. who have purchased large blocks
OF SezttE eoads. are necessarily interest,"
60 IN seeing ths Loan secured While the
matter Of this esty's desire TO borrow .
limited amount will be presented to these
nrhancsero<t t. not expected that they will
attempt 20 handle the lean themselves. as
ssscn o transaction would not come prop
cry under the head Of bond buying bush
hess. bat the influence some OF these cap
ifaiists and the agents Of capitalists IL
ssfsesenfly far-reaching TO bring the city .
needs TO the attention OF other investors
Ia municipal securities who would handle
TIE loan al a reasonable rate Of interest
Back these possibilities and business con-
Dec lions with a personal interest IL Seat
tse Prosperity. and the know ledge OF the
gAt-ecSsa character 81 sne paper, and
tnere remains not vsstsxs Of uncertainty
ihat the opportunity for investment. even
Tor a short time loan. will be largely
sought. All OF Seafsle's paper has hith-
erte been snapped UP az premium, and
while II cannot be hoped that such VIII
be the case ia The matter of the present
loan the quality OF the present securities
VIII demand al least a comparatively low
rate Of Interest. less than would be earned
IN corresponding length Of time In the
penalties THAT the securities themselves
are drawing. Besides the credentials
DIR. Parry Is taking East with him from
The city long list of letters from the
bankers Of Seattle and an opinion By
Judge Burke. in which the situation Of the
city i set forth and the scheme. as TO its
validity, Endorsed. The fern OF the secur-
ity Is that OF . note. as follows:
s...-..-s.s...... Loan No...........
TEMPORARY LOAN
CITY OF SEATTLE STATE or WASH
ISGToN.
Seattle. Washington, .1sss
For value received ............. after
Date. the treasurer OF the city of Seattle
VIII pay out OF any delinquent or auttci-
pafeo revenues from the tax levy OF the
city OF Seattle. made In isss, for use dur
ing the fiscal year commencing January
J. iSs. or prior thereto. when collected.
to the order OF ACKNOWLEDGEMENTS the
sum OF -----.--...-...... dollars G..-.......1
gold coin Of the United States. with In
tersst from date at the rate Of ....... per
cent Der snnum. payable annually
This note shall not be construed To be
debt or obligation Of the city OF Seattle
IL Is secured by an assignment OF sufficient
OF the revenues OF said city OF Seattle 10
be received under and by virtue of the tax
levy made Ia the year Iss5. for use during
the hscai year commencing January l.
iss. and lsvies prior thereto. and pay
ment hereof Is restricted to such revenues.
and the treasurer Is authorized and d.
rected TO set aside and reserve such reve-
nues. when collected. or 30 mucS thereof
as may be necessary for the payment here
OF at maturity.
This note Is issued under and Is within
the limitations prescribed by and Is nay
able In the manner specified in an act en-
titled An act 10 authorize counties, cities.
towns or school, districts 10 provide tenn
porary funds for current expenses. In an
ticipation OF revenue. approved March y,
1885"
The above form Of cote Is 10 be conn
tersigned by the mayor. treasurer, comp
froiler and city clerk OF Seattle, following
which. n The exposition OF the scheme 10
investors. the statement Is made that:
IF II should be necessary 10 renew any
OF the notes az maturity the accrued In
terest thereon viii b. Paid
Payment Of principal and interest viii
be made at tire treasuYer's office city OF
Seattle. or AZ ths fiscal agency OF the
state Of Washington IN TIRE city OF New
York. a. the option OF the purchaser The
banks OF the city Of SEATTLE will make
collections without commission or ex-
change"
The document Is addressed TO whom n
may concern and sets out fully that the
only necessity for the negotiation OF the
loan Is the projection afforded taxpayers
by the legislative acts OF iSS. Coupled
with the statements Is the asserted In
tention on the part OF the city 10 main
tain ttseif on a cash basis
AutstoF BcTnsa furnishes statement
Of the assessed valuation and the tax
levys. The former Is sso.sE SIS, and the
amount OF the latter 81 s3S0. ess So
incidental. 20 the retrenchment scheme
che volaminous report OF Chief Garinsr
kellogg viii prove interesting. Mr.. kel-
Iogg's report Is addressed 10 the council
under date OF july = ana II as follows:
'sThe nrehoat was placed IN service In
the month OF January. tssl- Since that
time no substantial repairs have been
made 70 her hall or machinery. At this
time the boat IL IN good condition. ex-
cepting a few minor repairs. Of which
mention was made IN my monthly report
20 the board OF public works. In that re-
port II vas recommended ssst the boat be
hauled ont on The ways, the bottom and
eucticn parts be cleaned 81 harnacies and
other Instructions and slight repairs
nazae to her ssenthine and wood work.
THE Sucruair1ie - the third largest
fsrehoas IN the United States with a pump
Ing capacity of over /. Coo gallons per ratn-
ute. more than three tfrses the combined
capacity of al shs lard engines. To attain
the greatest efficiency and handle this
quantity 81 water requires a larger force
az trainea men than Is row possible 20
provide However, good showing can be
made x5th TIRE force now employed. and IN
dollars and ceats has saved many times
fhe original cost and maintenance. BY
reason of TIE protection afforded by the
Nreecst rates sf Insurance on al property
west OF FIRST ayenue have been reduced =
pr cent. and Or the blocks between First
and Second avenues there has been a MI
ner rs4uesfon Gust bow much / an unable
70 statpt These facts are obtained from
Mr. SslIisraan manager ~ the Pacific
t,nfcn who. I an Informed. fxssf the pres
ent rates. Having ne krov ledge 81 the
amount Of Insurance csrried Ia the fore-
going districts sDd TIRE amount
OF rsensy saved by tfa< = per cent.
reduction. cannot give figures. bat have
no Doubt tsst 81 the pr@seat tire the In
surAnce companies are Tnsre than paying
fer the maintenance ~ TIRE boat.
.~The beat has ne feet Of winch hose In
srst-cfsss condition. ard 80 fesf 90 ss4-
inch IN far condition. also so feet OF s7z-
rsaraosernals4 necessary for the most en-
cs~zf service. In TIRE matter Of equipment
know % ncthinv lacking.
as 70 she grating 81 TIE several corn
xsans~x and the salaries CT the force err
ysaxed designs ted as the siding ptar, In
searsv al cities the departments are grad
ess ~ ss4szane3 Csutssze paries Aav-
srr less ar1aesS astAss 20 perform are
sssH lesser salaries men entering the de-
raarsussns xsshost rrsxscs4s experiences ara
gztd lower salaries. whhsA are Increased
.ru-s year 20 year as knowledge 10 gained
Thfs plan have frcr sAsne 20 tine urged
sszeor TIE azte1r3cr % fae ere coransisSsor
ansi % sorEner councils. Substantial saw
t-xs eaulH have nsesn zszg &c BY iss zaoptson
ara no fzsasEice dore TIE lr1tvidaat- A
svs~snssgsa IS not expected 10 receive =
raster we-xraan-s wSEesI Il e~1sr hattie
ys,au may b. fa!sv understood saeEr-t II IN
s4&esn AZ fhp rT~@err tfn-e. Captains and