The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-07-01
FAVOR s2,500,000
CONTINUED from Page one.)

In introducing the measure, Council
man Roden said that the plan was
somewhat unique In city finances. cali
ing attention to the feature providing
for the complete redemption OF the
bonds fifteen years from sale OF the
first issue. He pointed out that 1t was
bad finances to issue bonds whose life
was longer than that of the improve
ments for which they were issued. He
saidthat the city should issue. within
the next ten years, $4,000 900 or So
900, 600 in bonds for general improve
ments, such as schools and parks.
Several other matters were brought
before the committee prior to the bond
issue and the number of interested
citizens who gathered to hear the dis
cussion was too large to be accommo-
dated in the committee room. the com>
mittee adjourning to the council cham
Der on motion Of Sub Chairman Sea-
ton.
The meeting was eniivened by the
determined demand OF b. w. wilson
that action be taken in placing In
proper repair the yiaduct between
Richmond an dthe Northside and the
roadway between Chamherlayne ave-
nue. and Calhoun street. Mr.. Wilson
maintained that contracts entered into
by the old administrative board had
not been fulfilled and debate waxed
warm
Before presenting a resolution pre-
pared by the city attorney, Mr.. Wilson
introduced several bits Of evidence. in
Guiding an editorial from a local news
paper, deploring the condition OF the
streets leading from Ginter Park 10
Richmond, the streets being pictured
in the last stages Of diiapidation and
decay
Mr.. Wilson also had copy Of a
resolution adopted by the council in
December. 1917. and concurred In bv
the boar dof aldermen In the same
month. recommending the appropria-
ton of s1e3. 600 to be used In con-
struetinr a viaduct and boulevard con
Meeting Richmond with its north SUI
burhs.
Mr.. Wilson said that Director Boil
ling had refused to ask for money 70
put the project through and asked
City Attorney Pollard II such action
could be deemed contempt OF court,
in view Of the resolution passed by
the council appropriating the funds.
Mr.. Pollard answered that 1t could
not as section of the budget ord
nance of this year repeats all old ap-
preparations.
knowledge but stoutly averred that ne
was right on the matter. He also an
rpunced his Arm hel'e eff that the sl2s.eoe
provided by the 1917 resolution had
rever been spent in the manner pre-
scribed.
Mr. Boiling explained his position AZ
length to the committee and the debate
vas concluded by Councilman Powell
rsotion that Director Boiling he re-
q, ested to give the committee the ae-
tual amount expended on Chamhertayne
G. enue to Calhoun street and the
mount needed To complete the job.
MAYOR Ainsl:e requested the commit
tee to set aside some night to discuss
with him and the advisory board a
general bond ISSUE, TIE press 81 bust
ross last night deferred the mayor 9
business to late hour and he there
fore asked that he be given night all
to himself.
The mayor introduced the last pap -
a. last nights meeting. presenting the
rlan of the advisory board for the es-
Enlistment and maintenance OF a
pension fund for employees of the city
who have been in the service for a
period OF twenty years. The plan OF
the advisory board was decided upon
after a careful study Of the system
used BY several Of the largest private
corporations in the country. as we'll as
CtueF municipalities
The plan provides for retirement,
after twenty years continuous service.
Of employees or officers who are rem
dered unit for work by physical or
mental tncapacity. and for the retire
rent Of those who have reached the
are Of sixty-flve an.. have served the
CITY for twenty continuous years.
The pension rate will be two and one
quarter per cent OF sum 70 be ar
rived at by multiplying the number OF
years service by the average salary
fer the last Ave years Of service. In
introducing his plan. the mayor said
tfat the city council could not. under
the charter retire and pay employees
Several other matters which came
before the committee were tabled until
another meeting.