New Ulm review., 1921-12-14
CITY'S FINANCES
ARE AT Low EBB
COUNCILLORS DISCUSS BOND
ISSUE TO WIPE OUT
OVERDRAFT.
IMPROVEMENTS AGGRECATING
$4,000 REQUESTED BY
PROPERTY OWNERS.

not only affecting the business world
and the average private citizen, but
the city treasury has also been drawn
into the treacherous financial maelstrom
and as result, the city council, at it's
regular meeting last Tuesday evening,
discussed the advisability of issuing
bonds to wipe out the overdrafts in
local banks, which aggregated $4,000
on December 1. At the present rate,
the shortage of ready cash in the city's
strong box will soon reach the 100000
mark and may even exceed it, if no
thing is done to relieve the stringency.
The council will discuss the bond
issue question further at special meet
ing this Wednesday, evening.
The finance committee, through it's
chairman, Councillor William Lieb, sub
mitted plan that would enable the
council to take care of the bank over
drafts and strike a balance. He said
that number of propositions had
been made by bonding companies
looking toward this end
$4,000 improvements.
That TROUBLES never come singly"
can be amply vouched for by the city
fathers, for, although the city's treasury
is sadly depleted, there are a number
of very important and necessary pub
lie improvements demanded by resi-
dents of New Ulm, and they have pc
titioned the council to undertake them.
Under the existing circumstances it is
absolutely impossible to do so, how
ever. Some of these improvements
were petitioned for last year and recon-
mended by the Board of Public Works,
but the council was obliged to defer
them, due to lack of funds.
The desired improvements would
cost approximately $4,000, of which
sum between $4,000 and $4,000
would have to come out of the city,
the balance being assessed against tn
abutting property. Among the i'm
provements pending are: Sewers on
Washington street, between Fourth and
Eighth North streets; sewers on Min
nesota street, between Sixth and Ninth
North streets, and between Fifth and
Eighth South streets; watermains on
Minnesota street, between Eighth and
Twelfth South streets.
Settlement is Reached.
For some time past, there has been
difference of opinion between the city
fathers and the Voss Stone Company as
to the cost of certain electrical appara-
tus in the old municipal electric light
plant, which was part of the high ten
sion line equipment connecting the
plant with the Voss stone quarries at
Redstone. This matter has now been
satisfactorily adjusted by the city pay
ing the stone company the sum of
$780, The apparatus can be sold by
the city for approximately $3.50.
Car Parking Zones.
Upon recommendation of the street
committee, City Attorney Albert Pfaen-
der was instructed to prepare an or
dinance providing for certain zones for
parking motor vehicles along Mime
sofa street. This matter has caused
considerable difficulty in the past and
in order to settle it, an ordinance will
be drawn up, designating places where
autos may be parked, as well as GER
tain restricted zones, near fire hydrants
and in places where traffic must not
be interfered with, especially in front
of the hotels and the express office.
The time limit for parking automobiles
! Minnesota street, between Third
0rth, and Second South streets will
two hours, day or night.
Safeguarding the Public.
Another recommendation made by
he street committee was to the effect
that the city attorney be instructed to
prepare an ordinance relating to gravel
pits within the city limits, and that
those gravel pit owners, who have en-
croached upon streets or alleys be com
PEELED to take all necessary precautions
to prevent cave-ins and other dangers
to traffic.
Fire Fighting Equipment.
Chief Henry Engel of the New Ulm
Fire Department was granted permis-
sion to purchase revolving fire nozzle
to ebnable our fire laddi7s to more ade-
quately combat basement fires. A
nozzle of this kind could have been
used very advantageously during the
recent blaze at the Commercial House
here. Chief Engel stated that the new
equipment would cost in the neighbor-
hood of $500
Milk Licenses Total 1O1.
The number Of licensed milk dealers
in New Ulm now totals 101, the list
having been increased materially as the
result Of large number Of additional
licenses granted by the council last
Tuesday evening.
DR.. C. H. Gieseke, local city milk
Inspector, requested the council t(