The San Francisco call., 1913-07-22
Five Propositions Increasing
Interest Rate on Paper to
51a Per Cent Await
Citizens Ballots
FAVORABLE RESULT
URGED BY ANDERSON
Commissioner Says City
Must Make Improve
nents to Grow

OAKLAND. July 21.--The bond elec-
tion will be held tomorrow. and if the
propositions calling for the reissuance
Of bonds are adopted work on the big
municipal projects which was halted
with the failure to sell the old bonds at
AZ per cent will be resumed. The new
issue calls for 515 per cent. but 1T Is
certain that a large majority of them
will be sold at less than 515 per cent
Five propositions will be voted on.
Proposition No. 1 is for a bonded debt
Of sS73,6S466 for the completion of
grammar and primary school buildings
Proposition No . is for $495,719.11 for
the completion of the high school
buildings. Proposition No. is for
s796000 for the completion and fur
nishing OF the city hall.
These are the only new bonds to be
voted on.
Proposition No. is for s431.59
for the construction and completion of
the municipal auditorium. Proposition
No. is for $4,000 for the completion
Of the water front improvements.
The polls will open at o'clock in
the morning and will close at o'clock.
SMALL INVESTOR CARED FOR
4 feature of the proposed reissuances
will be the selling over the counter OF
bonds of 500 denomination. 1t is be-
lieved many of these bonds Will be
sold. They will draw the same interest
d s the higher bonds
Two large meetings were held to-
night The West Oakland Improve
ment club met in Junction hall, Seven
teenth and Peralta streets. and meet
ing was held in St Andrews Episcopal
church in Adeline street.
Mayor Mott, Commissioner Anderson
and Assistant City Attorney Beardsley
were the principal speakers.
Mr. Anderson in his address before
The Improvement club spoke in part as
follows:
The voters have failed to give
thought to the consequences to the city
if the bonds fail to carry. There will
he several situations which will arise
that are too serious not to consider
carefully. These complications would
have the result of setting the progress
OF the city back 10 years or more and
would keep out investors.
CITY MUST PAY TO GROW
There has been much complaint be-
cause of the high taxes, but the rea-
son for this can be explained aside
from the cost of many municipal i'm
provefnents which have resulted in the
upbuilding and the rapid growth of
Oakland. The fact in nutshell is that
tirely too small and the area of the
city which is lined with homes and
residences is too large in proportion to
the business district
Not that the homes are not an as
set and a vital necessity to the city,
but. first of all, we should do every
thing in our power to enlarge the bust
ness activity of the city, and this can
only be done by the city doing its
share
1T costs the city just as much for
fire and police protection as it would IL
We had many more business blocks
n reality it costs more because this
large outlying district needs even bet
ter care than that given to the busi-
ness section. Because it costs lust as
much to patrol and take care of the
streets lined with homes as it would If
they were lined with business blocks
II Is very much to the interest of the
city to provide for the increase of
business revenues. It is business which
makes a city. and nothing else.
What we are trying to do and what
We want to do is to get the business
man here. He will not come if the city
IS not willing to put her shoulders to
the wheel and do her share The city
must be enterprising enough to make
her own improvements and if thfs is
not done, investors will be frightened
away rather than induced to come
here"