BoletiÌn mercantil de Puerto Rico. (San Juan, P.R.) 18??-1918, 1901-11-25
SAN JUAN, NOVEMBER Is
Editorial Comment.

line un10rLuI Abo mlSCak0 uduo sVlno "ooe .
ago by the City Council of San Juan in
accepting ridculously low and unfair otfer
for the purchase Of city bonds was rectified
on Saturday afternoon in manner which
meets with the approval and coDgratulatiou
of the entire community The city officials
by strict attention to their duties, and
p-oper appreciation of the responsibilities
which rest upon them, have saved for the
city and its citizens sum which is much
needed, and which under proper admins
tration will yield vast benefits to the people.
To the City and Executive Councils, and to
those bodies alone are due the thanks of the
community, and the everlasting gratitude
OF San Juan.
The attempt made by local morning
paper to steal from the City Fathers, and
their guardian bulwark, the Executive
Council, the credit of the glorious achieve.
ment, is a surprise to no one, being entirely
in line and precedence with the usual course
pursued by that organ. The BOLETIN
which from the first made a strenuous fight
against the first unfortunate mistake, claims
none of the credit, nor will it attempt to
bslittle the honest and noble spirit mani
tested by the City Council. The futlity OF
the attempt to steal the credit of the work
made by the Tetuan Street sheet is already
apparent the attempt itself and has met with
the indignation and unconceaied scathing
criticism of both Insular officials, and San
Juan citizens.
The Oturcil of this city has taken a
momentous step, and instead of standing BY
proposition which would have led the rest
of the island on in darkness and political
trickery, it has shown an eXampe OF unpart'
isan and unprejndiced effort in behalf of the
best interests of the people, which is note
of warning and advice to the rest of our
Insular municipalities which desire to nego-
tiare similar loans.
The news Of the high premium offered for
the San Juan bonds has been cabled to the
States, and before a week has passed will
be an item of discussion and c0mment In
banking circles at home. When the other
municipalities are ready to ask for their
loans, even better propositions and more
spirited competition will surrey occur, ana
the. first fortunate municipality will be .
great gamer thereby.
The prospective investor in the United
States, who has been htsitating so lorg.
unable 10 determine whether be SHOULD seud
his money to Porto Rico, has been given a
gentle prod, a sort of push in cur drec
tion, and the first st. p in the dissolution Of
all doubts as to the fairness and business
a,umen Of our people has been made.
These and nany others are the benefits
which will be derived from the final dispo
sition of this bond matter, begun in darkness
but finished in halo OF respondent light.
To the City Courci, and the Executive
oil fho &c h
people. The San Juan News never has
fooled any ore, and its repeated efforts
have only made the people So familiar with
its procedure, that familiarity has brought
contempt and pity, and the Oity Fathers
ted have no fear that the frnis Of an no
nest effort will be taken from them. A
cellariull of salt should go with every copy
of the Tetusn Street Yellowist.