The daily morning journal and courier., 1897-09-11
Sl6,OOO FROM SINKING FUND
MAYOR UNFOLDS 4 PLAN AT 4
 SECRET CONFERENCE.

Proposition to be Presented to the Com mon Council for Its Approval or Reiec- hon-special Meeting of the Board of Aldermen Next Tuesday EvenIng-De-
 tails of Yesterdays Conference. Another plan has now been devised by Mayor Farnsworth and his advis-
 ors to secure money to meet the pres
 ent urgent financial needs of the city
 government and If the plan as mapped
 out at secret conclave held at the
 mayors office yesterday Is carried
 through the court of common council it
 is probable that work on cleaning the
 streets of the city will begin in few
 days. The plan alluded to above is to
 borrow $16O0O from the $29,O0O, known
 as the sinking fund money, recently
 transferred to the city treasury from
 the sinking fund.
 Yesterday afternoon the mayor, hav-
 ing decided to call committee of con-
 ference to consult with him on the
 financial situation, sent messengers and
 telephone messages to certain members of the board of finance and of the board of aldermen, councilmen and to citizens
 to meet with him at his office at 4 o'clock to discuss important matters.
 At o'clock a reporter, having learn ed that a meeting was to be held, called at the mayors office to learn the object of the meeting. He was met at the door by the mayor who said, Well, sir, there is no news here to-day. I have nothing for you. You must excuse me now I have an idea"
 Soon after this aldermen, councilmen hnance commissioners and well known cltlzens began to arrive and finally all those invited to be present at the birth or the mayors idea had gathered in the office and the doors were locked The gentlemen present were besides Mayor Farnsworth, D. W. Blakeslee, Director Beecher of the board of public works, Controller Brown, City Treasurer Mer- sick, Corporation Counsel Ely, Council man Dove, Alderman Forsyth and Commissioner H. c. White, these three members of the board of finance, Alder men Petrie and Lambert, Park Com- missioner Henry T. Blake and l.. P. Bostwick
 The meeting lasted about an hour and half, and at the close none of the gentlemen present would divulge any of the O1attar l,r tt,;, teen in conclave, nor would the mayor state the object of the meeting, saying that he was not yet ready to make his idea public.
 From an authentic source, however, t was learned that the present financial was discussed at length and that the mayor finally proposed that money to pay for street cleaning and to meet other pressing needs should be borrowed, not taken, but borrowed, rom the sinking fund amount of $29,- 100. It was announced that about $6, 900 'emained unexpended In the street ;prinkiing account, and that if $16,0OO | were borrowed from the sinking fund, his amount, with the s6, 900 would be sufficient for street sprinkling. and 'treet cleaning during the remainder of his year.
 The original recommendation from | he board of finance In regard to se- | turing money was that s26,652 divided | ID into amounts for various purposes l hould be transferred from the street | ardening account. The mayor. how yer, in his plan, to borrow money from he sinking fund stated that some of he items in the list of expense which 'ent to make up the $26, ,652 prepared by he board of finance, might be eliminat d, and that the $22,O00, the sum of the 5000 in the sprinkling account, and the l6,00O which 1t is proposed to borrow, yould be sufficient for urgent needs.
 One reason advanced In favor of bor- owing the money was that there would 6 no interest charges to pay for it as 'ould be the case if the money were from any other source.
 The meeting finally declared in favor the mayors plan to recommend to le court of common council that the 5000 be borrowed from the sinking md and resolution to this effect will 3 presented at the meeting of the bard of councilmen Monday evening. nd in case 1t passed that board, as it
 now confidently expected to do. A oecial meeting of the board of alder len will be called for Tuesday even- Ig.