The record-union., 1899-11-30
How to Help the CITY.

Eds. 'Record-UniOn": | am not very
we'll versed in the "holy book" but I
remember one passage where our Lord
once said to one of His recreant dis
ciples, 20, man of little faith and how
well this could be applied to some of
our wealthy citizens. many of whom
are investing their capital in outside
speculations which brings them but
small returns, and many of these in
vestments are very hazardous at that.
BY little good Judgment the same
capital could be placed in this city that
would return them 10 to II per cent. on
the money invested, and without any
question of its stability.
For illustration, one of our citizens
who has Travelled much of this and the
old countries, and who knows a good
thing when he sees it, tore down his
store property on ], between Fifth and
Sixth, and on the site erected a fine
story modern structure that was
rented before it was finished to a per-
manent tenant. That building brings
him a rental of nearly II per cent on
his investment.
Here is an eye-opener for some of our
respected old money bags who have
made their all here and are crying hard
times as they point their fingers to their
old rookeries with posters ''to let' on
them, when by little tact and conf
dence in their home city they could
have builded themselves property that
~Would always be rented and at a good
income, and at the same time leave it
as a monument to their progressiveness
and thrift.
This state of affairs can we'll be ap-
piled to the Capital City of California
with population of nearly 10000 and
no bonded debt to speak of, with hun
dreds of new buildings going up
throughout the residence portion of the
city, which lends an air of prosperity
that portends well for new Sacramento
But we should not rest here. In order
to obtain our proper station among the
cities of the State we should have
new City Hail. The present one would
be disgrace to country village And
by all means we need a goodly supply
OF pure, clean water. But that is now
almost an assured fact. It's coming will
mark new era in the history of our
city. This and a new High School and
modern sewer system will place us in
the van of progression. These improve
ments will take money, but this COM
modify is plentiful in the financial
marts of the world, where good security
can be given in return, and this we
have in plenty.
The above Improvements would cost
about $4,000 This amount could be
raised by forty-year 4 per cent. bond
issue, and the interest and principal on
this amount would be less than S26, :
GOO the first year, decreasing each year
until the whole was paid. And with
the increase of population and new cap
ital the tax on these bonds would not
be felt.
And now what would be the result of
this? Hundreds of our citizens would
find employment on these public works
and many newcomers would move here
with their families. New capital would
pour in on us, and in five years this
city would hardly know itself Nearly
every cent of this bonded indebtedness
would come back to us in the way of
new taxable property
Not only this, the whole State would
be alive to our progressiveness. Manu-
facturers who are ever on the alert for
live cities would locate here. and our
long wished for 10000 population would
be only a question of time
J. G. MARITIME.