Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-07-24
SCHEME
rHE OLD REFIADING SCH

OID MT -fBs=f'
AGAIN.
II is the old familiar scheme, al
ready twice voted down by the people
only this time it is in more unpopG-
lar shape than ever
In the last city election the rin1
which originated the refunding scheme
was SO badly seotched it was Thought
that this among other schemes was
dead. but it seems the successors of lie
late city ring have learned nothing, Ut
may be, enough of the ORIGINAL ''H
still remains up at the ely hall 'a
keep up the old fight to plaader r
city and mortgage its future Tor set-
Grafton
The last defeat of this refundinE
scheme is so recent that a reeaBito =
ton of the proposition voted on =
hardly necessary. Suffice it TO ssE
there is no debt now pressing this ctE
unless we except the compromise loan
of $50, COO now overdue, bnt glaaiy H-
ing carried by our own people. ise
DfDDCSlllDH SuDUllltttl H. tHAt
on behalf of the citizens provided for
loan ordinance refunding this
600 compromise loan and To insure
ratification it was proposed 10 ine.gsH
sum to purchase the plant of ta
Wheeling Electrical ComHanE,
provided by legislative enact
ment authorizing the city to mane-
facture and sell electric Gght to con-
sumers as it does gas-that we
might not only have cheap electric
lighting for all but save our costly
gas plant from ruin. In addition ami
to still further insure the success Of
the loan, tbe Register advised that a
sum be -1cluded sufficient 70 build q
new~~rarket house for the Second
Ward-the present building being
disgrace to the city, a serious hard
cap upon any attempt at improveu
by other property owners in that se-
tion-whieh though in the very led
of the city is most in need Of impgo'
ment-and an actual menace To J
locality since it is almost falling 10
pieces and is a refuge for rats and an
incubator for disease germs.
A loan ordinance providing for these
essential improvements together with
the refunding of the only debt taat
needs refunding-the $4,000 compre-
mise loan. would have been ratified by
an overwhelming majority Of the PEG
pie.
But it wasn't the peoples interests
that the old ring was looking aft
They refused to adopt it. The refund
ms. scheme was defeated overwhol1-
ingly. Then came the city election
and the ring was taught another lesson
at the polls.
It was lesson that doesat seem 20
have been needed, howeyar b. taa
present regime in which members Of
the old ring seem still TO hold the ball
ance of power. The new rcfuEd'a
scheme is the worst yet. It throw
overheard all Of the Improvements
which might have made a reasonall r
loan popular and proposes simply -
refund s412, 400 of the city debt, which
barring the compromise loan of $50
600 does NOT need rounding ami
which 1t will cost the cir aitiuat
twice as much to pay and viii take f. F
least three times as long to pay il -
under the present sane and simp'e
plan Of paying off the principal as wa
go in easy installments anu so curtli'-
ing the interest.
The present Council shaald beware
of permitting the same clements to
dominate it that brought tie late rirs
70 disaster. The refunGing prorc
ton now before it IS absurd e.-
inmates every good feature that u
make loan popular and retains ta1
which have been twice voted down r
the people, in even more objec oaa-
bic shape than ever.
Hes the hot wave affected de
hall mentality? De the ramHan
the old city ring still hold 10 Tile pitt
dispelled delusion that The golees
want to retard most important lt-
provements and mortgage the fat.ra
Of the city for a generation ~ sad
upon themselves a half million i9-.-
year loan, when this debt can be lIan-
Gated in less than half the time far
probably half what this scheme woul
ultimately cost the taxpayers2 Let Is
= refund only the debt that needs re-
funding and at the same time provide
for municipal electric lighting for
Greater Wheeling, as well as Other
nk2rtant improvements at once.
Ing scheme such as Is nov