The Washington times., 1925-05-25
Again Discussing a Bond Issue
for the D. c.
By BILL PRICE.

The Citizens Advisory Council helping District Com
missioners shoulder of the exceptional responsibilities
connected with financing the District in the future hears
gesons of issue Of District bonds way of possibly
avoiding further local in the few
years.
should be comforting Commissioners really
serious problem of trying to hold down rates to be
shared representatives of the public which going grow
more and Indignant higher and
higher wholly because coterie of gentlemen the House
have arranged pact which has its creed the sticking
of local people with sufficiently high put upon them
the burden of maintaining beautiful National City thereby
saving money for the Federal Government which owns
trolls and operates the municipality.
The Commissioners have than good chucke coming
TO them the knowledge that the biggest problem they have
had to meet in years not to be wholly theirs They
contented to et George he Advisory Counci in this
good thing
It is doubtless for the best interests of the city that this
valuable combination of Advisory Council
minds is getting in motion to work this matter
The huge public school building program five
years must be financed and is imperative from the stand
point Of progress and growth in the District that there shall
be large increase in appropriations for and water
connections The building Of homes must be encouraged Men
and Of moderate who lots in suburban
win find of raising the money build there
and water connections The class of people
able buy lots and build but might not be
able to buy land in sections of the District where is high in
price,
Some Of municipal needs be aside Others
may be postponed for the Council Commissioners
90 do their best for Washington and people,
going to be difficult thing to prevent steady increases
IN future tax rates long Congress insists continuing
the $9O00O00 lump Contribution each year its part
OF District financing the logic Congress applies
Federal participation should govern the District end Of the
financial relations between the t and District people should
pay In the amount each year and development
here would cease Identification of the National Capital would
stop.
Congress must change its attitude or tax rates must 90 up
even there should be large bond issue. There is al
tentative.
are by cities to escape tax increases but
In the end they grow in they increase The
interest charges must be met out of municipal and
the bonds must be redeemed time they long
term bonds future generations of taxpayers share their
cost That is the main argument in favor Of bond issues
Their financing partly borne by future property
The reasonable rates Of Washington in the past
due to the fact that Congress shared municipal responsibilities
$3.50 4060 basis and that didn't have to DO any
bond financing The small bonded debt of the District
wiped out year ago. It did amount to much
America today with such record Most American cities
bonded to the limit and huge Of money yearly paid
out In interest charges these obligations The money has
to be raised from taxation of the public
Congress may may not object to District bonds being
sold The House cotere which imposed the situation
may not long the Federal Government escapes
increase in its part local financing This cotere however
the which put through the law requiring that the
District shall operate upon cash basis within the year
and half These gentlemen didn't even want the United
States to advance money to the District and provided
the method by which the District supposed to it's
IN cash in few years Funds for that purpose
being accumulated out Of District tax collections
The late Commissioner OYSTER what things are
leading to here and favored bond issue
public improvements which he did not think should be wholly
paid for by present taxpayers when the good to out
Of the improvements will be shared by future taxpayers
The played by the House bunch is to hold back Dis
ct appropriation bills until the closing days every session
OF Congress and then threaten to fail to the bill the
Senate does not yield to what the House President
COOLIDGE knew the full injustice Of this House attitude
might find break the combination At any
the tuaon reaching point where the chaos of appro
piation bill legislation makesh might be better than
continued injustice and oppression.