The Waterbury Democrat., 1946-05-11

licIy. but after the hearing by a member of the Council of Com ity Clubs and contained 3 threat to the Wallace candidacy this coming fall. In view of the fact that Senator Wallace confined his activities ct the hearing to those of clerk of the committee and had prior to the opening suggested he disauaIlfy himself from sitting with the other members, 1t would seem as if at least one. opponent of the city measure went out oA his way to invite trouble. How ever, Senator Wallace was assur- cd by other Community Club members that were simply those of the individual and did not represent club feeling.
 Naugatuck isn't going to sit ny this fall and allow the shrievalty nomination in this county to drift down towards New Haven as in timated . week ago in this column Already supporters of Deputy Sheriff Daniel Callahan are starting to feel out sentiment in the northern end of the county. The borough Town Chairman would make good run in the valley towns, for he's very well known. And it's probable, too that he could overcome any oppos1- ton that might crop up between Ansonia, Derby, and New Haven As Waterbury will have forty-five votes in this convention, it's more than likely that sooner or later thereIl be overtures made to line up or control the local vote. Eo Slavin still looks pretty good in this neck of the woods.
 Hartford'g financial situation may be somewhat troubled these days, but there is public recOgni- ton of the fact that one good turn deserves another. In the current budget the city fathers provided $75O for veterans Or- 9anixatiOn convention, scheduled tO be held in the city this spring A letter was received from the Hartford chapter of the Jewish War Veterans this week, stating that 1t would turn this apprOpria- tiOn back to the city and make up the necessary funds through other means. And in the Depart ment of Finance, Overseen by its capable director, Robert l.. Duffy, a small paper is being issued by staff members to aCQuaint the public and city employees with the true facts of budgeting, Over- drawn appropriations, and defi- cienGy appropriations.
 Not too many people are sufh ciently familiar with municipa finances to be able to discuss in telligently such things as bonded debt, maturity programs, debt Imi tation, and ability to borrow. Un der existing law 6 city or town 1 limited in its borrowing capacity If it has outstanding obligations either short term notes or bonds the total amount must be less thai s per cent of the adjusted Gram List, that is the Grand List whicl reflects both the taxable real estat and personal property and the ex empt real estate, but minus tn exempt personal property and an federal, state or county -owne' property. In Waterbury's case thi limit is roughly $lO, 655 900. Genera bond obligations in Waterbury wer $7,446, 800 on December Sl, 194: which gives the city a safe margi of more than $3,O00,O00. But tn surprising news is that the Stat Tax Department, after . study c legislation authorizing local bon issues, maintains that many c them are exempt from the deh margin limitation. So, if the cit actually wanted to be meticulous o this point it could boast that it debt margin is 71k millions, ex jremely large for @ municipalit that has been bond-ridden to many years.
 Proof that better days are here anu NEG cuV1U UA UO CSAA D0 SOCAA in the current project going on in Cottage Place. The street is being resurfaced, which is not the real news on this comment. The real news in that the job is being done by the Street Department itself. Not since before the war has the Street Department had the men or the materials to do jobs like this. Aud while the street Is q ahort one, still it's encouraging to know that the department Is gett- ing into a position where it can function in 2 manner that brings practical results.
 Another COP redoubtable Ina given way to Congressman "Joe Talbot. Former Lieutenant Cover nor James L. McConaghy of Yves 1cyan said the other night that h