The Daily Alaska empire., 1933-04-03
ING LOT MORE MONEY FROM THE BANK OR GOING ON A WARRANT BASIS

OR GOING ON A WARRANT BASIS.
 What confidence can the taxpayers of Juneau have in an administration that permits it's zeal for permanent improvements to place the city in such precarious financial condition as is now re- vealed by it's own statements and figures? And it IS this administration that promises the people to cut the indebtedness at least $20,OOO the coming year-perhaps by the same mysterious processes by which it has freed" the city from it's bank indebtedness.
 Saturdays spokesman declared that the pres ent administration Has also taken up a note for SlO,OOO signed by private citizens which was re- qulred to complete payment for the erection and furnishing of the High School Building" Why does he not explain that this note was paid with funds realized from the sale of $10,000 worth of sewer and street bonds and not from current re- celpts? As matter of fact the city had no right to spend these funds for any other purpose than for streets and sewers. And interest is still being paid on the bonds.
 NO SINKING FUND
 In 1927 the City of Juneau foated $100,00O worth of school bonds and later $55 O0O in sewer bonds. To carry these bonds it costs the city S9,3OO Tn interest every year. Yet provision has ever been made for reducing this indebtedness by retiring a certain number of the bonds each year since June l, 1880, when the retirement fea- ture clause became effective.
 NEW DEAL DEMANDED
 Clearly the situation calls for a new deal in city affairs. We must elect men to office pledged to cut expenses to the bone without affecting the value and efficiency of schools and the police,
  will see that the city does not spend more than it takes in, who will get dollars value for every dollar spent; men who will make proper provision for the speedest possible retirement of the city's bonded and unfunded indebtedness.
 FACING THE FACTS
 The four citizens making up the ECONOMY TlCKET-business men who have lived in Juneau for long time and whom you all know-realize that if elected Tuesday they face tough job ahead They know it will be problem to figure out what to use for money. They are not miracle men. They can wave no magic wand to make two dollars do the work of one But they promise not to spend two dollars where one will do. AND THEY WILL FACE THE FACTS
 ECONOMY TICKET PLATFORM
 They promise to reduce the ctys indebtedness by $10000 in the next 12 months if pos sble.
 They believe that sinking fund should have been established years ago to provide for gradual retirement of the school and sewer bonds, and they promise to make the earliest possible provision for such fund Payment of the unfunded debts must come first, of course.
 They promise an immediate end to the policy of robbing Peter to pay Paul, of living just from mouth to mouth. They promise to work out real budget plan, to balance the budget and to keep it balanced
 They against the proposed district assess ment plan.
 They are in favor of letting out, whenever possible all city work amounting to $1OO or more by contract to the lowest bidder, and in insisting upon the successful bidder living up to his con- tract, without show of favoritism.
 They believe in the principle of permanent improvements rather than temporary make shift expedients" but believe in paying for them and in not mourning such obligations unless pay for them. We think the people of Juneau entitled to moratorium much permanent inn provements" for awhile until they get through paying for what has been done.
 They believe that as stockholders in the poration of the City of Juneau the taxpayers and citizens have right to know the true condition of the citys finances, and if elected we promise to take them into our confidence and to give them this information as soon as possible and regular ly as possible.