The times. [volume] (Richmond, Va.) 1890-1903, 1902-03-11
live Wire HAD
A FINE Meeting

A fine meeting
Continued from First Pagc)
and am authorized by him to say in pub
lie, anywhere, that he does not claim
or deserve any credit for the improved
condition and management OF the oiilk-
ing Fund, and he says candldly that
whatever credit attaches to the correc-
ton OF errors there, and the better ana
legal and successful management recent
ly developed, belongs to me.
HE further says that he simply en-
dorsed and approved my criticisms and
the suggestions and the plans formulated
by me, and advised in effect and SIM
ply that the board should nr0ceed at
cnce to correct the errors pointed out by
me, and Immediately put in effect the
plan which outlined. In short, Mr.
Meredittfs statement is conclusive proof
of the erroneous character of the Mayors
statement.
REFERRED TO ME-. MEREDITH.
"The public is respectfully and conf
IDENTIFY referred to Mr. Meredith himself
for a verification of this statement The
confident statement of the Mayor that
the Sinking Fund is now sufficient 10
meet the payment of the maturing bonds
il. manifestly absurd and for the follow
ing reasons: If it was allowable (Which
is not the case to use the total amount
now If the fund for the redemption OF
a salsI; portion of the entire debt. the
ar cum Ill hand would not accomplish
the rt!,tlrent OF the maturing debt.
The bonds maturing during the next
seven years will amount to s3.c9S0 oc.
The amount in the Sinking Fund to-
day. in lounl numbers, is t0.Cee and as
IL increases a the rate OF 100000 PEE: an
nam ant; void increase, therefore, s'co'-
ND in the leNf seven years. the total IN
til, fund would be Si,30o,00O against a
total II :.t"ritv Of s., 09S, 900, stlll leaving
T., be refunded S2,39S,00o But the apQal-
cation of the total amount now IN the
Sinking r,ld and which is the laWlu.
accumulation en- Il total debt OF si,2VoVoo'
would leave the remainder of the debt
saw s5.OOo,Oo0, some of It twenty, twenty
FIVE and thirty years old, without any
money behind it to show as an accounts
lation for that period for which the re-
naming debt had been running and TINS
condition of affairs, with a. DEBT OF lour
or five millions thirty years old, with no
fund ;acuumula ted to meet NJ Wouiu
prove the absurdity and Illegally or the
proposed application of the whole ioi'o
to amortize a small part or the deot.
Again, the Mayor says ms li1e nds
this He gives one third to the city alld
two. thirds to his brothers business. ne
SAYS: 4 cannot promise to DO better ioi
l have done the best [ could.
The Captain did not seem TO estliilate
the Mayors ability to dc good 1or tue
city at a, great value.
But has he done all ne cuold DO, or
one-l:alf that the charter denlaiioS 'iio
speaker asked.
Again tho speaker quoted from the
Mayors speech: II have displayed 10
you the most important features or my
administration.
..True,' continued Captain Mccarthy,
"and the features of which His honor
las been most ignorant and i'll which .he
has been least interested and with which
he has been only remotely connected.
The speaker said again, referring TINS
time to the Office Of Mayor:
THE Mayor has no power by law for
good or evil unless sustained by the
Council.
If he cannot speak, write, argue,
prove, defend. attack, help or hinder by
his own force of character, by knowledge,
experience, study and natural mental
..ift. he is simply an incumbrance ana
i'll the way Of some one who might be
Useful He must be able to touch and
II owe the intelligence and the conscience
OF the Council"
COOPERATION NEEDED.
Referring to the city government, the
sneaker said: Cohesion and co-opera-
ton of the departments are sadly need
CT. The Mayors Office ought to be the
Headquarters for information, Inspiration,
sympathy, support consultation, mutual
aid and cooperative, and the source or
energy, system, discipline and duty"
Next the speaker referred to the duties
of the Mayor toward the Chamber of
Commerce, visiting bodies, public meet
ings, great movements OF the oeople,
morals and advertisement of the city.
Captain Mccarthy had the following to
say about the administra ton of the city
government: "a straight honest, intelli-
gent administration Of the city govern
ment would be the most economical and
cheapest for the street railways and all
great railways and other interests, be-
cause they could get all reasonable s. ants
by simply showing them to lie desirable
and necessary. and would save enormous
annual expenditures for, let us say, in
flucncc.'
OF the future of the nlayoralty, the
speaker asked this question:
Shall i: be what it ought to be or
'rav be. Cor shall it continue rs it has
becn-a 'by-word' and a reproach?'
It was 1880 o'clock when Captain Nc
earthly concluded his remarks. he was
very generously applauded. His friends
think this one of the best addresses he
has made. The Live Wire will speak
at Old Market Hall tomorrow night.
Calrtain Mccarthy will address the
--ota~s Of Monroe Ward at the rooms of
the ressamn~ Social and Democrati~ Club
over T. w Cor,nCdy'S No 21i East Broad