The Washington times., 1923-09-27
:
MANY BOND
ISSUE
SOLD
Delaware City Far Ahead Of
National Capital in Making
Improvements.

The city of Wilmington, Del,
with population Of 40, 900,
about one-fourth the total inhab-
itants of Washington, is spending
more money than the National
Capital for permanent improve
ments.
While Washington agitates q
$4,000, 900 harbor front i'm
prOvement. Wilmington announces
the completion Of 3 $4,000, 900
Improvement to its water front.
Bond Issues Made.
Like Baltimore and Philadelphia,
Wilmington finances it's permanent
improvements through the floating
Of bond issues. It is progressing
faster than Washington.
The bonded debt Of the city Of
Wilmington today is about $s,Il1. s
1ss. Waehington. city worth
millions more than Y wilmington.
win be debt free next year. ADD
tioIal bend issues are planned In
Wilmington which win increase
the cityis debt greatly.
Since the war, Wilmington has
floated nine bond issues for per-
n9anent improvements to the city.
They amount to nearly $4,000, 900.
Thoroughfare Widened.
The first bond issue after the
war came October /. 1918, when q
Ioan for 100000 was floated. for
use In extensions Of the sewer de
partments. street system, water de.
partment and for harbor improve
ments. All Of the bond issues are
for periods Of ten to fifty years.
On May 2, 1921, bond issue for
$4,000 was floated to widen ona
Of Wilmingfon's main thorourh.
fares. In the same issue an addi-
ttonA $4,000 was provided Tor
Improvement OF Rodney Square
located In front Of City Hail, WiI.
mington.
The same bond issue also CON.
Improvement to the street and
water systems.
The next bond issue came I'm
October 4 1921, amounting to $780,
900 for harbor Improvement. since
the war the city had paid AZ uer
cent interest. but this issue was
GOated at five per cent.
On December Is, 1921, a bond
issue at AZ per cent. AMOUNTING
TO $4,000 was floated to make
improvements In the fire depart
msft Of the city.
Other Loans Made.
Other loans which followed were.
Street and water. improvements.
u per cent, totailing $517 900. is.
sued on April 1, 1922.
For harbor improvements. issue
on May ., 1922. Of $500, 900 at Az
per cent.
For a garbage plant, issue on
May 2, 1922. Of $4,000 at AZ per
For water system improvements.
isue on May 2. 1922. OF $4,000 at
AZ per cent.
For harbor improvement. issue on
November l. 1922. of 500. 900 at
AZ per cent.
For library bonds, issue on No.
vember 1, 1922. of 100000 at Az
per cent
For purchase of Lea water rights
issue on April 1. 1923. of $1I0, 900
at AZ per cent
For Union Park and City Gardens
improvements, issue on April 1.
1923, OF $4,000.
Wilmington Far Ahead.
Washington since the war has
spent more than Wilmington in per.
manent improvements, but in pro.
portion to population the northern
city IL far ahead Of Washington in
this respect.
In addition to improvements
through bond isue. Wilmington Is
paying for other improvements out
of current taxes.
Wilmington is planning another
100000 bond issue to Improve itp
water works.
Improvement Continual.
The Northern city ts annually
improving its fire. police, water,
seWers playground, and park AZ.
partments. The city is proereasir.g
&c is not hesitAtIng to ass,sIna dai,t
70 make needed permanent trnproye.
bents.
Washington's financial condition
Is Tar better than that OF wIinoin1 3.
ton. Yet the National canifai n
not making expenditures sufficient
20 equal the amount OF money beina
spent Tor improvements Ia the
Northern city.