The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-15
WHEEIING DAILY INTELLGENCER MONDAY NOVEMBER IS 1881

the CITY will receive the benefits OF
needed improvements on the streets
etc.
NO DEMAGoGEY.
He would not stoop to demagosey
in his argument He would not prom
Use there would be a great deal more
work, but there would be no waiting TOT
the cashing II city orders held by per
sons who need the money without delay
-"scraplng around for their money
as some have had 20 do. The ordinance
provides for nothing more or less thah
an annual saving of $1,000 year II y
the best thing for all OF the people OF
this town except the few VINO are hoiu-
ing high interest bearing bonds speah,
ing of Mr.. Ahl's beautiful rallroau
scheme which, unfortunately, doesn
pan out Mr. Horkheimer referred 70
the Position of Gouncilmen wlthihA tne
past year when the Elm Grove iran
ohise went for paltry nothing, why
didn't Mr. ALL think OF the city's sooa
at that tine? The speaker next went
over the provisions OF the refundhg or
dinance in which the city's interest Is
carefully guarded at every point,
In answer to questions by Mr., Tighe'
Mr. Horkheimer said lie believed the
present revenues Of the city inadequate
unless every departmnt is unduly nam
pered Proceeding, he related the ar
ficulties under which the council finance
committee has labored in recent years
MIR. FRANK CRUISE
The next speaker was Mr.. Frank
Cruise n former member of council, and
az one time chairman o. the council
committee on finance. In beginning
he said that, from O. hasty perusal OF the
ordinance he believed II was Wen
drawn, but there were things in 1t he
could not commend Refunding at a
lesser rate OF interest is proper at all
times, But maturity is one OF the first
things TO be considered, Speaking OF
the outstanding orders, he asked by
what right do they exist; what y the
restraining ordinance for? There
would be no outstanding orders II coun-
cllmen do their duty. This curtain lee
ture directed to the councilmen and OF
flcIals present lost some OF Its force
when those present remembered MI
Gruse's membership in the counc
finance committee several years ago.
when almost exactly the same situation
prevailed as the one at present and
from which the refunding loan advo-
Gates would eXtTicate the city. Ihe
speaker did not believe In economizing
to the extent OF injuring the efficiency
of the fire and police departments. lie
would cut down the 'et cetera" list
there he said, the expenditures beyond
the limit Of revenue are seen.
Mr. Chew asked Mr.. Cruise to pick one
unnecessary item Of expenditure from
the last city statement, "et cetera" or
anything else, but of course Mr., Cruise
was not able to do anything of the
kind. Instead, he would pick three men
and agree to run the city on business
principles, run every department to It's
highest efficiency and rid the city OF
debt. This broad and sweeping asser-
ton was received with considerable ap.
plause. 1t reminded one of the speeches.
Bryan made last fall-glittering gener-
allties that took the fancy at the mo-
ment, but which didn't hold water
when given careful and deliberate con-
sderatlon
AN TRANSFERABLE QUESTION.
And yet Mr. Cruise was unable to an
swer Mr.. Chew's invitation to show on,
item of unnecessary expense in last
years city statement.
Instead. he replied, "The hour Is al
ready late and the audience Is wearled."
A voice, mo, we're not: go ahead"
Mr.. Horkhelmer arose again and re-
piled to Mr.. Cruise, who had made err
roneous statements. The same meth
DDS followed by councils finance com
mIttee now were followed when Mr.
Cruise was a member of the committee.
For fifteen years that committee had
declined to take care Of the compromise
loan.
Now you're throwing mud" rejoined
Mr.. Cruise.
Mr. Ali, speaking of the compromise
loan, said 1t would only have taken
$4,000 to pay off the loan in 1892 that
the bonds were then selling at seventy
cents on the dollar, and later at
seventy-three and seventy-five cents.
Mr. Horkheimer reJoined that that
was the proper time to take up the loan.
Holders recognize now that they can
get near par He would give Mr.. Ali
and MIR. Cruise ntnety-tive cents on the
dollar for all they could furnish him.
Mr. Wllkinscn--"There appears to be
a misunderstanding in regard to the
compromise lOHHI WHICH MI bTuse
thinks the present city council should
provide for at the rate Of 100000 per an
mum, ] have been one OF the commits
sloners since 1850, and have appeared
before every finance committee each
year, and asked for appropriations to
buy these bonds, and have always re-
cclved about the same answer. Mr..
Cruise was n member of that committee
for several years, and he knows why it
was not done"
But Mr. Cruise had retreated and the
matinee was over.
Mr., Tlghe asked among other ques-
lions, what would be the difference be-
tween the amount of the bonded debt
on December 81. 1897. and December
81, 1907 ten years later. The bonded
debt under the new loan. II passed by
the voters and sold, will be on Docem-
Der 81, 1897, SG2G.5O0; on December 81.
1901. II will be $500. 900: and December
81. 1907 It will be S554,iOO, and from that
time until 1925, It will be reduced at the
rate Of S23,7SO per annum. at which
time there should be only one loan out,
and the amount Of that would be $780,
900.
TO CURE A COLD IN ONE DAY
Take Laxative Bromo Quinlnc Tablets.
All druggists refund the money IL 1t fails