The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-11-25

FoRGEY ON THE REGISTER.
To the Editor of the 1|ntellIgencer.
sTR:-The Register devotes almost all
of It's editorial space this morning, to a
review, It probably terms It, OF Mr.. For
gey's Figuring" but falls TO add an
idea for the benefit of the tax payer,
who Is the person having most Mt stake
in the matter and manner OF city
finance.
Allow me to repeat part Of my article
Of Tuesday. ] viii only use the agGre-
gate OF figures given, as the Register
no doubt has your papers on file and
any Others interested can easily obtain
a copy giving the separate items of
revenue and expenditure. The report
OF the finance committee in making up
It's budget Of appropriations for the
year beginning at January /, 1898, will
have, as n basis, the amount of reve-
nues received this year, about Sl75,-
SS2 o., The first items provided for out
Of this general fund will be for princl-
pal and interest OF bonds and other city
obligations falling due In 1898, $lO2,-
7OS 80, leaving a balance OF S72,G23 81 to
apply TO other purposes.
The appropriations OF 1898 will be
probably, the same as those OF 1897.
SlO3,055 90, deductlng because OF general
revenue as given, $72. 500 "a, leaves a de-
felt to provide for, OF $3O,i3t SO.
In the editorial Of the Register this
morning my "hEgers' are very careful
w avoided and I challenge the Roadster
or any opposed to the new ordinance
IN NNhnNtnR - ANAn. Aa AAuN
OF expenditures that was not honestly
applied and expended IN a careful man
ner to the interest and best benefit OF
the city.
AS l have said, the trouble in the
matter OF finance is not lack OF econ-
omy In expenditure. but n desire on
the part Of the city to pay It's debts
faster than II can afford 60 and AT the
anne time pay It's running expenses and
keep It's streets and alleys in repair
ana It's several departments In good,
safe condition.
The Register copies n part Of my
communication In which I refer to an
opinion expressed bV ox-Sherim Franz.
helm. who has said "thc ordinance
would be- nil right n the indebtedness
were 10 be paid at once" the Register
fails TO quote by explanation to Mr.
F~ran2heltn that the city has. other
tonds that cannot be taken ZIP now,
and will need some portion Of It's
nue. to meet these az they onn be re-
lccmcd-nnd I will say further to the
Registers smart r~eply-"and Mr.. For
gcy thinks that because some Of II
loans In the past have boon made under
these conditions that that ls n reason
why we should do 40 now"
Not bccnuae n precedent had been
established did the fathers Of finance In
DAYS lang syne adopt the 1890 and 1924
year method but because n bond Of less
than ten gears had little value In mar.
kct and could only be placed at n high
rate Of Interest. Take, for lnstonce,thc
electric llght lonn. November T. 1901, Cor
$4,000, II In provided that $4,000 he paid
annually uron II, beginning ut October
I 1892, the commissioners are charged
october n, 1892. with 5000, hut nothing
more IN paid Until September 70, 1926,
when $4,000 IL paid, The finance com.
mlttoes Of 1904 and 1894 having from
Bome CnlBo failed to make proper mp.
prOprlatlonH, II fell to the lot Of the
finance committee Of 1905 10 redeem the
bonds TINT Hhould have been taken mp
In 1893 and 1904 In addition to those due
In 1906 There vas no default OF inter
est ana ! guess the |bondholdor didn't
care, but II seemed To mo II would have
been hetler II the old plan had been
purHucd ond the city had not made pro.
mise TO do what she could not,
The columns Of the ilcuiHtcr bubble
over this morning with miastnlcmcnta
that would make Annnlns blush, for
Instance
TAXES MAY 90 IN
no tho Editor Of the Rcglulcr
SIR llnyo the votcr1 generally noticed
that tho proposed rofundlhB ordinance pro.