Daily capital journal. (Salem, Oregon) 1903-1919, 1904-01-06

and offer every assurance 10 the puD'
Ilicthat everything possible WILDE done
towards reducing this bonded debt
and curtailing in other ways all un.
necessary expense, thus reducing the
tax necessary to be raised by the peo-
pie. To economize the expense ac-
count without crippling the efficiency
Of the city in any department should
be our constant aim, and to that end
we shall give the matter Of finances
our careful attention
The Popular Loan.
wish TO especially call attention
to the fact that $4,000 Of the hereto
fore mentioned bonds Of indebtedness
are past due. would recommend the
Immediate refunding of these bonds
at as low a rate Of interest obtalna.
bic. and would also recommend what
is termed the popular loan" plan as
the best means for this redemption.
Keep our money at home. Give
our own people the first opportunity
to invest in their own securities, and
not send large sums in interest away
from Salem every year, when under
the popular loan" system this money
would be paid out to citizens at
home, and they would at the same
time become stockholders and sure.
ties for good business administration.
AS the revenues Of the city for this
current year and the apportionment
of funds for the various departments
are already determined under the
charter by the retiring city officials.
no further reference TO our financial
situation is required.
Protection to Merchants.
Another matter Of vital Importance
is the proper protection Of our mer.
chants against transient venders.
fakirs, imported bankrupt stocks, all
OF which cheaper enterprise and 70
duce the commercial standing of the
city. Our city laws should be amend, |
cd to securely protect our taxpaylng
merchants from the "hawkers" OF |.
wares whose only business is to re
lieye the public OF money and 10 pay
into the city treasury an Insignificant
sum for the privilege
Without building a Chinese wall
about our city. let us protect legitl |
mate commercial enterprise and en-.
courage the resident aud permanent. ,
ly situated merchant.
In connection with the matter OF
protecting our legitimate merchants
from transient vendors, | desire TO
call attention TO 2 class of venders-
iakirs, who are permitted to stand
upon the street corners, under the
protection Of our city laws. and de.
ibeUtely rob, defraud and cheat our
people.
| would recommend that an such
enterprises be ruled on our
streets. such licenses be repealed and ,
stricken from our source OF revenues +,
and that such fakirs be prohibited I
rom appearing upon our public I
horoughfares. A few dollars added TO /
'ur city treasury will not compensate I
or the hundreds OF dollars taken in t
otum Ia
II Is unnecessary TO refer TO the I
IMMORAL aspect Of some OF these ex. il
'biiions upon our streets IN regard n
our young boys and girls As ma
ommelcial way, the cost along the
ne OF morality is greater than any
ossible revenue 10 the city. a
! also recommend. in this connec. g
on that unsightly crlpples otfen. q
we Appearing and badly defomed ''
asgars be prohibited from plyiur Sc
'Vir practices on our streets 81
1d thar the city exclude an such e'
'nsients under It's present laws Gov. oi
ing such emergencies and that IN
'uN'ies whore they belong place
EN- In the Institutions provided for ''
e'r care With every feeling Of 9
'u'S"''y towards these unfortunatss
would seem advisable TO clean oar ''
Tee's for obvious reasons Is
Streets
y ''s'"'i'hS the constant stream OF sy