Arizona republican., 1914-06-10
Commissioner Woods Says Majority of Citizens Want Measure Killed But Mayor and Associ- ates Do Not Concur
EXECUTIVE HAS
 BIG BOND PLAN
Proposes to Borrow Enough Money to Refund City's Indebtedness at Lower Rate of Interest Than Now In Effect

|
 Now In Effect
 City Commissioner Frank Woods failed to receive second to hlS mo- tion, introduced at the meeting of the commission last evening, that an ordinance be prepared repeating the famous license tax ordinance No. 6. Instead the other commissioners spoke against it and Mayor Young advanced a plan which if adopted, he says, will at once place the city of Phoenix on d business basis, place ready money in the treasury and re- duce the city tax rate to sixty cents on each S1O0 valuation. His plan, safety deposit vaults and the stock ing in the chimney and place it in circulation. It will keep it at home, create payrolls and send pay checks on the rounds on Saturday nights, said the mayor. While this is being accomplished, according to the may CT, the city will need the benefit of 
 properly amended, and thereafter il will be available as an emergency measure.
 It was a most interesting session. Commissioner Woods took exception to Mayor Young's defense of the new license tax ordinance, evidently con struing the executives remarks to hA in ho nf flection upon the commissioner S judgment. Mayor Young hastened to assure Commissioner Woods that every man had a right to his own opinion, but that he felt that to take action lookking to the repeal of the ordinance at a time when the busi- ness men generally are coming to realize the good points of the meas ure and the ease with which the faulty points may be corrected or eliminated, would prove fatal to the usefulness of the commission in the future and positive blow to the community generally.
 It all came about under the head of new business when Commissioner Woods arose and said he had been making a canvass of the public gen. erally and that as far as he had been able to ascertain the general sentiment was opposed to the ordin ance. He charged that d majority of the people of Phoenix would vote against the ordinance if given an opportunity, passing this claim upon the canvass he had made He fol- lowed his remarks with the intro . duction of d resolution providing for the preparation by the city attorney of an ordinance repeating Ordinance No. 6. There was no second
 When Mayor Young in addressing the commissioners from the chair, stated he believed that the business men are now in favor of the ordin- snce since they have learned of the willingness of the commissioners to amend it, laid stress upon the sui cidal nature of any movement of the commission to repeal the measure at this time, Commissioner Woods in terjected a remark that every tub stands upon it's own bottom and l don't ask anybody else to stand for what 1 do.''
 The mayor assured MT. Woods there was no intention of engaging Tn personalities and then likened Phoenix to a great corporation. "A successful business institution never borfows money in small amounts" said the mayor What we need is ready money to take care of the needs of the city. I will say that funds have been promised up tc | any amount our needs require on d basis not to exceed four per cent interest I have been asked to come out open and above board with wha, I have in mind. Now I propose that the city vote upon a bond issue. Ii i the commission and the citizens will stand back of me we will ask for 8 s3,OOO,OOO bond issue to refund the city's present indebtedness. The city will control it's own bonds and keeI its own interest at home. My ain is to get payTolls here and have pay checks going the rounds on Saturday nights. The banks will have tho benefit of this ready money too. w have enough banks but they neeC more ready money The city mus be conducted on d business basis i ii is ever to be success.
 Ordinance No. should and vii
 be dressed up and continued onl, as an emergency measure. If I wer,
 managing this city I would have tn, city treasury filled and the tax rat,
 reduced to sixty cents in less thar
 three yed's time. Everything possi
 ble has been resorted to to destro,
 the reputation of this city from
 financial standpoint. It has beel
 damaged thousands of dollars tn
 past few days. It is regrettable /
 little more reason, a little more com
 mon sense, and this could have beel
 adjusted in thirty minutes. My onl,