The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-15

| 6oHiPloInln 'oan'''"''S z'g!99
! BrllEe lOhH ,..,,,....',, b,blz ~
1880 bonds N7,.".,., l,66O 10
bonds ls5l'',,.."......, $500 90
Bonds, 1850, ,,,,....,,,,, 1880 20
Electric light, lr...,,. 2,4Oo 90
s29,ll6 AS s7,lls y
Go747s 90
in new ordinance;
| Electric liGht lnan.,,,$ 1000 10
Main st. bridge, No p, 69,5OO OO-slOl, 500 90
m ,is5,SsS 81
orders ..,,'".i,l,..,..i 1900 90
AG bqidgd s0 debit n9 bonded 1900 90
s5l2,S2g 81
'It is true that the Indebtedness of
sought 10 be refunded, was reduced,
during the past year, nearly $40, 900, but
this reduction was accomplished at the
expense OF the city its streets. alleys,
sewers, It's fire department,
win any taxpayer OF the city say he
is satisfied with the present hand-to-
mouth uanner In which the streets, al
leys and sewers are kept In repair? Is
he satisfied that the fire department is
as well equipped ms 1t ought to be for a
city as large as Wheeling? The cry Is
economize, Let us begin to economize In
the line OF such outlay as interest, an
outlay that once paid out never returns.
You will he told more than once to-
day that the money spent upon our
streets, alleys and sewers remains In
most part In the city, and as far as
have been able to learn, none Of II goes
out OF the state, This Is n truth that
should impress itself deeply upon the
mind OF the voter
1.-The position OF the opponents OF this
measure Is this: After the tax collector
has been satisfied, two parties appear at
the city building. Mr., Landowner, nav
he taxpayer and maybe not, and Mr.
Citizen PAYER, always taxpayer.
N"The treasurer recognizes Mr.. Payer
as an old acquaintance. What can we
do for you, Mr. PAYER?
"Mr. PaVel-saV, I got In two days
last week and need the money. Can
get It? The superintendent told me he
might let me get In day or two this
week, but now he says the finance COM
mlttee has shut down on him He has
plenty of work that ought to be done,
but he IL close to his appropriation that
he had to hold on to what little he has
or fear Of a big storm coming on that
may food the streets and create m HT-
gent use for the money, He is to let me
know again must have the two days
pay or my family will be without some
thing to eat
"The treasurer (calls up the clerk of
the B. P. W)-Have you an order for
Mr. PAYER for two days work done on
the street last week? Mr.. PAYER is m
old friend OF mine and I don't want him
to climb up 10 your office until know
you have something for him.
only a slight pause and a hello an
swers no. His order is In the tax col
lector's office, The answer Is repeated to
Mr.. PAYER, who says yes, ] do owe the
city some taxes, hut I was In hope the
collector you'd wait until got in a few
more days. The treasurer explains that
by order Of council the collector must
not let orders be paid to persons owing
taxes until the taxes are paid,
"The treasurer turns to Mr., Rond-
owner, who hands him n card to ex-
| plain I have removed out of the state,
and before doing so had bought some
of your city bonds The coupons are due
on, the frss Of next month, about ten
days from now, and l would like to
know II / can get my money promptly
on the FIRST.
1.-THE treasurer says yes. my dear Mr.,
| Bond-owner the money 20 pay your
coupons IL In the hands of the commits
sioners Of the loan, and you can deposit
your coupons now with the assurance
that you will get paid for the great ia
vor you do the city for allowing It 10
use your money.
Eyes, the ordinance requires that the
treasurer shall pay into the hands Of
the commissioners sufficient to pay the
| interest upon its bonds, in most cases,
fifteen days before they are due. We
apureciate your favor so much that II
| the treasurer does not have sufficient
cash In the general fund to meet the
coupons he Ia required by the ordi-
nance to accept the order OF the city
| clerk This order goes to the commits
sioneN, who get It cashed, and Of
course the city pays interest upon the
order for fifteen days before 1t Is need
ed, but that Is nothing to the great
| risk you assume In loanlns the city
your money.
"AgnIn. Mr.. Landowner, out Of in
nate era altitude and kindness Of heart,
we pay you 20 to % per cent more Inter-
est than we can borrow money for from
many other money lenders. Some OF
these ,Ickers would rather see 1t
stuck down In sewers and spread about
the streets, but we know what Is
what -.
ibe MAST history Of the city In this re-
| spect: know TINT mine Is not fancy
sketch. Il has had its counterpart, l
have no doubt, In more than one In
stance. -
| have not convinced you that the new
ordinance should pass, ! hope ! nave
| said enough to cause you TO think well
before YOU vote against It."
MR.. T1GHEs QUESTION,
Mr.. TIehc-Taking TING funded in
debtedness as It Is now, 1T an average
of about I'VE and one-half per cent. In
terest, and the proposed refund on
which nothing Is to be paid for ten
years, which is the larger sum or the
heavier burden?
In answering this question, Mr.. For
gov admitted that, II the improvements
an the streets are to be taken as OF no
advantage, possibly It would he cheaper
ia continue to the present bonded loans
with the too rapid rate OF paying on
that Is maintained now Mt the expense
of needed improvements. That IL to
say, II the city expects TO retire from
doing business az municipality In the
near future, these improvements are
worth nothing. But, II the city expects
TO remain at the old stand for nifty to
one hundred years, It Is better TO have
Improved streets, sewers and other pub
lIc improycmcnts and let the next gen
Grafton root at least part of the bill,
In renly to another question: Mr. For
GOV. aaid the saving OF interest by the