The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1920-09-23

city council at their regular meeting
on Monday evening found a way out
of the money tangle which has been
facing them to provide the 100000
necessary to tide the city over until
the money from tax collections begins
to pour into the treasury. The key
to the solution was presented by Alder
man Pabst, chairman of the finance
committee, whose motion that the &C.
ton of the council on refusing to issue
bonds. for the building of the Main
street bridge be rescinded, was passed.
This will take 100000 of the load off
the city council for the present and
by adroit manipulation and by the
practice of the striotest economy, the
council believes they can then man
age to tide over with the help now
offered by city banks.
Presents the Situation.
Alderman Pabst presented the stu
alton squarely to the councilmen on
Monday evening. He did not talk
"around the bush," but came out fatty
and admitted that conferences with
bankers had convipeed the finance com
mittee that something must be done to
meet the financial crisis and that some
thing must be done Immediately.
eve need money, gentlemen and we
need lots of it," explained Chairman
Pabst as he outlined the troubles that
the finance committee had had. He
pointed out that the banks could only
loan to the city the money needed for
absolute necessities" and that cree
ton of school buildings, sewer con
tracts or building of the Main street
bridge could not be construed as such.
He showed that the city administration
proper was only responsible for about
$150,000 of the shortage and that much
of the problem had been raised by the
demand of the school board for $50, 900
a month for current expenses and the
carrying out of the building program.
Here is the Solution.
The solution suggested by Chairman
Pabst and started by the council, pro-
vided first for the resembling of the
action of the council in refusing to
issue bonds for the building of the
Main street bridge and City Attorney
Slater was directed to go to Chicago
today to confer with bond experts
there regarding the issuance of these
bonds Immediately. For the remainder
the city banks have agreed to take
care of loans to cover the running ex-
penses of the city aggregating $150,000,
about 700 a month. Regarding the
needs of the school board Alderman
Pabst declared that the banks had also
agreed to advance $4,000 a month to
pay the running expenses of the schools
and that the school board might Sc
cure the $4,000 a month for continu-
ing its building program by issuing
pay orders due in February.
The remainder of the shortage is the
$3.50, 900 due on paving and sewer con-
tracts and it was advised that by using
the 100000 in Liberty Bonds owned
by the council and by squeezing out
the $4,000" somewhere, the problem
could be solved.
The council took the first step by
resembling the action on the bridge
bonds and the other matters will
be Strengthened out Immediately by
the finance committee.
Must Have Strict Economy.
The necessity for the continuance
If s+rir+ acopornv vvae then arnuha eized
by Mayor Joachim and aldermen who
are closely in touch with the fnan-
cial situation.
We've come to a point where we've
got to cut and we've got to cut Deep
declared Alderman Donahue. ave
must play no favorites. If a man
wants a sewer he'll have to wait until
we get the money to pay for it. The
time has come when we can't get the
money. If some of you fellows think
you can get the money, go and talk
to the bankers"
When the question came up again in
the discussion of the garage problem,
Mayor Joachim added his emphasize
to policy of strict economy.
"Pd like to build garages, fire sta
tions and everything that we need"
said the mayor, "but we've come to
the place where we have to halt. We
gave them all we could give them but
we're done. We can't build buildings
on wind and we've got to wait now
until we can get the money"
MI L. Il + l..