Show MUNICIPAL BANKRUPTCY Just Juat Jul ac cc oG Staggering as al In th the tho Case Cash of oi o Private Enterprise Over Ocr in ln Massachusetts some me of ot the cities at nt least IcaRt are not hOt worrying over their hair debt limits ImUs They Thoy are ure letting time the other fellow walk the floor for for tor example which some seine Bore weeks ago ngo og had lad a slight spasm of o mu municipal municipal reform hue has now found out that t after nier spending her Income and exhausting all 1 her hr available borrowing resources she BUC cannot raise enough money to pay her regular bills bis for the current month And An in Brockton B tho the public school hool teachers failed to get their salaries last week because tho the school department had exhausted Its Ita appropriation and overrun Us its I avail available available able funds Lunds to tho the extent of ot These Thee incidents move the Boston Boton Herald to remark that the question queston I whether or not a 0 city cit can become bankrupt seems era to be answered in the affirmative Private enterprise In such financial strait it adds odds would be b bankrupt And An the law of or compensation ratton raton Is 15 as ais n Inexorable ns DB applied to cities ns nB to individuals Time The day of or orn accounting n cannot bo be 0 forever post postponed pos postponed Yes And in nil all al probability there are in both and Brock Brockton Brok Brockton ton municipal ownership faddists by bythe bythe bythe the hundred who would like to put the municipalities Into business Into gas and electric light and ice ico io manufacture I ture tur Into printing and nn street ste traction I and municipal trading In general when hen the 1 disquieting truth is that aol nei neither nl I thor ther city can run iun n Its Is present busl busi bU business ness efficiently What Is needed Is not municipal ownership bu but private en em enterprise enterprise to conduct affairs municipal economically and profitably and nd it it Commercial may yet yot come to that New York I |