The Waterbury Democrat., 1933-09-22

tinuing the present administration. To you, as active workers Tn our party. let me say this--No cam paign can bo won without work. and 1t will require plenty of hard and intensive work to win thif campaign. DO not listen to those who tell you we can tako 1t easy. These same people will go to the polls on election day and vote against us, hoping and praying that we will bo tho victims Of over. | confidence. Moro elections have been lost by over-c confidence than by any other means. Wo must, ail of us, realize that we have light on our hands which must be kept up until tho last vote ig cast on october 3rd. So warn you, above all else, not to relax your effortt for an instant. We must see to 1t that every possible vote is gotten out and that nothing, however un- important 1t may seem, Is left un- dono to insure the success CT the entire ticket, for unless every can didato on our ticket is elected, II will not bo Q victory.
 From now until tho night or elee- ttCn, tnCFC Cun pS pss ShS pOo-' Work--and still Moro work
 Speech of Controller
 Controller Loary. in his address of acceptance, pointed to the changes for the better in tho city'a financial condition during the past four years. IIe called attention to the reduction in the bonded debt, the amount of outstanding tax anticipation notes and the amount of money owed the bond funds and apecinl funds. The reduction In tho tax rate from 42 to 32.b mills dur ing the past four years was alst pointed to by the mayor and tht controller. Controller Leary asked | the people of Waterbury to com pare his record in office with tha' of his opponent former Conrtolie' Parker.
 | Gentlomen of the Convention: ! 1 wish to thank you sincerely TOT my nomination again as controller l At this time intend to be brlef but 1 wish to leave with you q few facts about tho financial condition of this city.
 With pardonable pride I wish t' say that l welcome a review or in. record us the financial officer Q your city. You know as vol as and everybody else In the city 0 Waterbury, that we have Bon through several strenuous yeari Yet In spite of this terrible depres sion, this city has carried on ] such way that very favorapl comment has been accorded th administration of Mayor Hayes.
 Did you ever stop to ponder O the fact that the payroll or thi city has never been held up for single day, while neighboring ct les were dofaulting on payrolli The school teachers, tho flremef the policemen and all other cit employees have received their on velopes on the very day they wer due, which fact I believe Is appre ciated by them and the bushes people of tho town.
 Do you think for n minute NeV York or Boston bankers would b lending us money at very low rates If they did not realize our finan cial position was strong and tha we were conducting our business T an efficent. orderly and capabl manner. They have experts to as certain the finances of municipali ties, and I want to inform you ant the entire electorate Of Waterbur' that unless we were in excellen financial condition, we would no have been able to procure loans a very attractive rates of interest.
 With your kind indulgence, VII cite you Q few figures, which be lieve will impress you. In our fou years of office, the debt reduction and re e-imbursements to bond fund totalled $3,708,35S.66. This ac 1 complishment was achieved evei during a period when the tax rat | was reduced from AZ to 32.b mllis and in the distressing period whei tax collections were far below pal Here are the figures:
 Bonded debt De-
 cember 31, 1929 $17,S4s,O0O.o
 Bonded debt on
 1 September 15,
 lsSS ,....'''. Sio'o|o'Voo.o
 Net reduction in
 | bonded debt .. $1,52l,00o'o
 Tax anticipation
 notes outstand-
 si. 1929 -. $2.ooo. ooo.o
 Tax anticipation
 notes outstand-
 ing September
 Is, 1883 .... $1,25O,O0o.o | Net reduction in
 tax anticipation
 deDt etoV'VVV'" | Amount due bond
 II funds and spe-
 cial funds De-
 cember 31, 1929 S1,731,356.0 Amount due bond
 funds and spe- cial funds Sep
 tember 15. 1888 s293,s97.4
 Net reimburse
 ments to bond funds and spe-
 cial funds .... s1,437 ,35S.6l Total debt re-
 duction and re-
 m b ursements
 to bond funds. $3.70S,35S.6'
 We have given you regular fl nanciai statements showing vol just where the city stood. Eyei the opposition papers have beei unabe to pick them to pieces Our obligations have been nae promptly and I am not a bit back ward in stating that our status | very high in the financial world. i have sndeavored to be fai