Show THE CITY TREASURY The Pernicious Warrant System Demoralizing Demora-lizing Municipal Finances The citys finances are in a very complicated com-plicated state and the prospect for improvement im-provement is far from encouraging There Is now outstanding in city warrants war-rants about liOCOD and the pnount will be increased before be-fore it Is diminished The rule allowing tne payment of all special city taxes in warrants has had the effect of reducing the citys cash increase materially and Treasurer Duke will have to do some good financiering to meet the pay rolls About lDOO was paid in for tares and licenses li-censes je terday and practically all of it was in warrants In this way warrants to the amount of tibout 20000 have been redeemed re-deemed but as the cash revenue is cut GDU n to just that extent tha amount outstanding out-standing remains stationary There does not appear bo any prospect of selling the bonds and the expenses of the joint building build-ing the gravity sewer the paving and other public work must be met by warrants war-rants A gentleman who has given the matter some attention yesterday predicted pre-dicted that within a year the city will have paid on this paper about 16000 which nieans that 200000 in warrants willgo unredeemed for a year |