The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1899-01-30
His Plans Contemplate Projects for
Underground Sewerage. street
Paving, \ school System ON Mod
ern Lines and Many Minor Im-
thorify to Float the Necessary
Of All Outstanding Indebtedness
and Prospects OF Loan Wanted.

Correspondence of the Associated Press.
HAVANA. Jan. 2a.-Aiaj- Gen. Ludlow
has OH his table several projects for under
ground sewerage, street paving. an np-to-
date school system and improvements u
lesser importance. He has had pressed
on his attention a series of suggestions on
how to create an ideal city. The only OBJ
stacle h money 4 miii.on is nothing.
something between ten and twenty nl4lBons
Is wanted. and Gen. Ludlow Is turning over
In his mind the best way OF asking Wash
iug,on, through Maj. Gen. Brooke. for
leave to bond the city, 50 that the next
generation. as well as this one, may have
an opportunity 10 pay for the renaissance.
Ernest Lee Conant, chairman OF the
financial inquiry commission. depnted by
Cen Ludlow TO so into the Frances OF the
city, has prepared memorandum on the
subject. From among an orderly arrange
ment OF many dry facts the following para
graphs are extracted:
Existing Debt OF Havana.
1.-The debt Of the city OF Havana October
81. isss. according to a statement signed by
ths alcalde and comptroller, WAS fol-
Iowa: Loan OF Aprll %. 1856. ffty-yeer
per cent. bonds mortgages Spanish bank
OF the island OF Cubas, ss.z7i 900.
cent mortgage, Pank cf Commerce.
United Railways and reg.a wareaousesl.
s.. s.. eco.
Notes. .-s.ssas4.
Floating debt fog salaries. materials, In
teresr and sinking funds. s2.4sa.Oe4ss. To-
tai xi2n3s S5.s2
''4At the close of the year the floating debt
WIS still greater. and the total deb. was
abou, ST. 5o1.tso
THE mortgage for the loan OF 1859 TO tho
Spanish bank is document OF rs printed
pages. including the index. IL recites that
in 1877 the city borrowed from the Spanish
bank a sum of money, together with its
interests, amounted in 1859 TO s3.i17. .6s3 9@5
that the city was in arrears FOR interest
and sinking fund ana that lawsuits had
been in progress TO compel the city 20 pay:
that the city also desired funds to COM
pleta the water works and fer ether pur-
poses. and IL was agreed that the city
should issue s5.5oo.o go per cetn. flfty-year
bonds 10 take UP the debts and finish the
water works, the expense OF which was
estimated al sis5J.0a and that the balance
OF the idAn, which was tasen at 80 be- turn
ed over to the city for general purposes.
There was further provision that the
loan might be increased to s7,00,ouo. and
this was done
The city mortgaged the Canal de yento,
the aqueiuct Ferdinand VII, the Christina
slaughter house, the Taeon and Colon mar
kets. with all their revenues. and nfsy
houses which It owns in various parts Of
the city. The Canal de vento alone Is es-
tsrna.ei az ss.so,no
'''The s-,es 90 loan" continues Mr.. Co
nAut has been reduced by the operation
Of a sinking fund 10 y. E.si2ea. The mort
gage Of 1891 for 81 90. .0oo now reduced to
s., ,ss2.eo. has the same property as secur-
ity, The arrears Of interest and sinking
fund On the two loans is ss4s SO which ag-
tres as part Of the floating debt.
The floating debt arises from the failure
TO pay any salaries. contractors. or for ma
terisls during practically the whole o.
1885 and FOR some debts OF preceding years.
The floating deb, Is prtuss facle. a valid
obligation Of the municipality and should
oe funded. ''Bus before making rev
loan." Mr. Conan. says. ''for paying these
debts. court os claims should b+ formed
before which all the nunicigality's cred
siors should prove their claims"
The Debt Not Excessive.
Mr. Coaas ;hen argue: 'For cl;y Of
the saxe am. wealth Of Havana a debt
Of ti7.saan is net excessive Under a
stable government ana All honest as4rrsi.-
istration Of the city's AFFAIRS. II ss rsotsa-
he that It's general credit 10 stau sufficient
20 7oat an additional loan How large
sUeh a loan could De- made. am not pre-
pared - Say ettsosat nEascA further stsss,.
TIE Representatives Of Da4sy Il Co, ex-
press sheSr willingness 10 take pay for
their sewerage and paving scheme. say
sl2.sss1foa, In general city bonds. which
waG.9. ~ csyaEse. b7 ;2rstor - &ha bonds
aAlses4Ay 1s=ssd. and they say that they
have already made arrangements
with a:anezess IN Ne. York 20 Ssisgso~a
os these bonds az fast as received TITS
project alone souia ssossase The Yveseet
csty aens ard aid rnore tasn oBe-tassa 10
ia present annual reserve
Tire revenue Of the clEy ~ derived en-
TREY from iaoessses ard indirect taxa
fsan. Real estate is not directly taxed Rrsd
sas uauaIe. patty eoxs not direes2y reeeive
anything srpza real estate
TIE lslana imposes azx1ug otasr taxes.
a TAX ~ q per cert on The esfsmas@ss
~enta. u all houses in the city and e01n-
try ana ); pays 80 tte rssy % Havana u
ve< cens. 0f the arrosans thus cossect~s
ST. rents a&ta2n the city sruits TIE la
land azse sesiss ssx Oh Industry. corn-
rrs-ce aSa professors. &rssz X gayx - IRE
essy of EavanA s PER eeEt Of az ssah
taxes eoss.Stes1 w.th1n she cssy limits
Tne other sources os city rcve1ns.
xascA ars cs-ecGy ecEsctsss "a las nzrscs~