Daily capital journal. (Salem, Or.) 1896-1899, 1899-02-06
J. J. DALRYMPLE & co.
INSINCERITY And DECEIT.
Continued From FIRST Page.

dlsreaarded previously 10 the city
charter prohibiting them from run
ming the city into debt, does not war
rant them In asserting that future
councils will do the same; especially h
this 80 since there Ia small probability
that they will have any voice Va
them, and because they have never
sndeavorcd 10 provide the means OF
meeting the city Indebtedness does
nut justIsy them ln asserting that
the present or future councils will
not.
II Is only recently that these par
ties have maDifested such apathy u
| bonds. DURING THE RECENT
SPECIAL SESSION OF THE LEG
IsLATURE TIL ERE WAS A CHAR
TIER INTRODUCED FOR THE
ClrY or SALEM, WHICH PRO
VIDED FOR AN ISSUE OF BONDS
TO FAKE UP THE PRESENT
FLOATING INDEBTEDN ESS OF
THE CITY. DID WE THEN SEE
THESE PATRIOTS INTEREST
TIL EMSELVES IN PREVEN rINU
A BOND ISSUE BEING THRUST
UPON US9 All, MOI
Our people we're proposing that
boud Issue. IL makes a Ireat differ
ence whose bond issue II is. IL lsonly
slnce they have lost their grip on citl
affairs that these gentleman have be-
cUme solicltous Tor lts welfare; and Ia
the light OF past events ! believe
that their solicitations should be
viewed with suspicion.
10 Ia deslgred, under the proposed
charter, ~ give the city power 70 is-
sue specles OF bonds, which viii Offer
good Investment for our cltlzens
who have the money 10 take them.
aud az the same time enable the city
10 yet out oflts present difficulties
There isA probability, aud a strong
one tOo, that should the city be re.
strlcted 10 the funding warrant that
II would be but little better on than
II Il at present. There Is but a small
part Of them that II is certain would
be taken up with these dleu warrants
aud this would be- done on account OF
the doubtful authority upon which
they we're originally issued. II
might be said Ia tassiug that the ob.
loct0r 20 the present charter played a
prominent part In issuing these war.
rants Should those funding warrants
fail 10 meet the dlllculty, the cOun.
Gil would be unasle % do anything
unless II IL permitted ~ issue bonds.
The parties who hold warrants
against the city which now bear s
per cent, arc nos golng 20 exchange
them for warrants bearing bi per cent
OF less, aud the eouucil has no assur-
ance that our cltiIens are going a.
put up money % take these 4
per cent Warrants up, when they can
40 20 the man who holds them aud
buy the original warrant bearinp
eight per oent from hlm directly
CITY warrants Ia the past have not
0een Ia very great demand aud /
greatly doubt that they are AZ present
or will be Ia the future, There are
many matters that may be- cited t.
show that the funding warrant might
fail 10 meet the purpose Ior which
v Is iulended. and do not believe
that our council should bc restricted
20 this doubtful method OF solwog IL
ia financial diaieultles, should out
eitiIens rush 10 the council with che
funds necessary 10 meet or relieve our
hnanclAl straits aud desire t. take
fundlug warrants for The sane. I
doubt not but that tney would be pet,
mit1ed by the council 10 do So. but 10
The event that they should not do thl,
the council should be gisen power to