The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1901-12-07
The Mayor Discusses Worces-
ter's Financial Condition and
Tells What He Has Done to
Keen Down Running Expenses
C0RRECTS MEASUREMENTS
THAT HAVE BEEN MADE
In Doing So He Read Letters from
CITY Auditor John B. BoWker
and City Treasurer Fred W.
White to Show What He Said
Is True


The Hebrew Democratic voters OF
Worcester had an enthusiastic rally
last night in A. o. H. Hall, where
about 175 men listened to a discussion
of the issues in the present munlclpal
camnaign. Morris B. Silverman presid-
ed and the principal speech was by
Mayor Philip J. O'Connel who dls-
cussed the financial condition OF tne
citv and told what he has done to
keen down the running expenses OF the
CITY and to reduce the net indebtedness
of the city over what it was at TINS
time last year.
He referred especially to some OF the
speeches that have been made by sup
norters of Mr. Fletcher and to state
ments printed in some of the papers
in regard to this financial proposition
He said his opponents clam his state
ments that the net city debt has been
reduced $4,000 are not in accordance
with facts and they claim that IL the
loans that had been authorized py the
Citv Council had been negotiated
there would not have been TINS reuuc-
ton. -.4 .,,oso
He said he wanted to correct these
,,,islstatements made by his opponents
for the last time and in doing so ne
read the following letters from CITY
Auditor Iohn B. Bowker and Guy
Treasurer Fred w. White, both Ke-
nublicans. to show that what he has
AUDITORS Office, Room 20, City Hall
City of Worcester, Mass 100,
Dec 6, 1901.
Hon. Philip ]. O'Connell, Mayor
Dear Sir,
In reply to the request con.
tanned in your communication %
Dec. 6, 1901, for a statement as 70
what effect if any, Would theIe
have been upon the net llueDISd-
ness of the city at the close OIL me
month of November, 1901, II an tHe
loans which were authorized by the
ct, Council during the preceding
financial year had been negotiated
before November 80, Of This year
I would submit the following
If the loans authorized butnot ne
gotiated had been sold to the Ooiil-
nissiore, of Sinking FUNDS ING
net Indebtedness of the city Woulu
have been the same as II VIII De
under present conditions If the
loans authorized but not negotiated
had been sold to parties other than
theCommissioners of Sinking Funds,
the net indebtedness of the city
would have been less than it Will
be under the present conditions 10
the extent of the premium, if any,
received from the sale of said
bonds. l remain
Respectfully yours
JOHN B. BOWKER,
City Auditor.
City Treasurer's Office,
No. %, City Hall.
Worcester, Mass, Dec. 6.
Hon. Philip ]. O'COnneu:
Dear Sir-In answer to your let
ter of same date in which you ask
"What effect, If any. would there
have been upon the net indebted
ness of the city had all the loans
been negotiated that were author
ized prior to Nov. 80. 1902" 1 would
saw that If they were placed with
the sinking funds commissioners
there would not be any difference;
hut If placed outside. 1t would de-
pend upon the amount OF premium
received, which, no doubt, WouIu
he somewhat larger than the
amount Of the contribution, thereby
serving 10 reduce the indebtedness
rather than increase.
Yours very truly
f. W. WHITE, Treasurer.
Mayor C'Connell in reply to the state
ment that he delayed making the loans
because he wanted TO have II counted
IN the next financial year said this Is
not go His reason for delaying TO
borrow the money was that he did not
believe I'm borrowing money until there
is need OF 1t. II was not necessary 10
borrow money because there was
plenty OF money In the city treasury to
pay all the bills as they came due ana
by not borrowing the money the city
saved the interest il would have 70
pay to the parties who loaned the
money.
The speech Of the mayor was received
with great enthusiasm and when he
arose he was received with three
hearty cheers.
The other speakers at the rally were
Alderman Edward ]. Mcmahon, Alder
man wilhelm g. Lichtenfels. who
spoke in German, John II. Meagher,