| Show ECONOMY AND OVERDRAFTS OVERDRAFT tf IT ITY AUDITOR REISER under pressure fu fr in the l e Re Republican Republican c CITY publican city gang mg has ha published what is intended to be accepted as a statement of the th finances though in ix 1 re ie reality e eo 4 o ft it is is nothing of the t sort Incidentally he h denies the accuracy cc pi o oThe of The Heralds statement nt If Mr Reiser were not under party coer coercion coercion coercion cion or if he hod h Jd earned d a reputation as an a co nt n equal to tp the thC duties of his office his hi figures might be considered seriously crio j The flie Heralds figures were taken from the official record r cord and verified V by men whose hose ability and knowledge knowledg of city cit business can cannot cannot not Lot be ie questioned q Not one item of the detailed d statement st nf of The Herald Ii ld can be truthfully questioned and the t e best Mj l Reiser Rei Reiser J ser can do is is to offer a substitute e as inaccurate ti as It ij j i d ir sh Both in tn in the amount of obligations and P ns and ann in the L resources Mr figures gures ate are a e wrong d The real condition con of the city is otherwise vise evaded l for Mr Reiser says nothing about The city overdraft of The proposed sale of city property by b this administration Jl for forthe forthe the purpose of meeting eting interest on bonds The law Jaw which limits expenses e from froni the general fund f to the money collected d for that fund funda a fund now exhausted Mr lIr rr Reiser wants to know wh te the administration adr has been extravagant He will not deny that this tl is administration ad has ht been wasting on current expenses 2000 a week a year y year at more than was spent last year not including the t spent on r r waterworks jobs this lis year tir ir Could he want any liY more definite d proof of extravagance a not to call it by any n ny worse name If l Mr Reiser were vere frank he lie would say as much in public as he lie has in private te about the th extravagance x ian e and l d dubious dub ous methods m of the g gg g which now has whipped him ljj into line linc fr pur purposes purposes poses and if he hc were honest enough to do that there would be besuch besuch such h a protest from the taxpaying public pub ic as would woul lead to some soine sort of reform immediate immediately It is perhaps asking too much to tot t 1 c him hint to call attention to the thc misdeeds of his own party but have been known to to do even that when they cared more m more rc for their thc r duty as public servants nants s than they did for their suc success success I cess Mr fJ Reiser fail failed a in another particular Some two weeks reeks ago aso o he lie wr tc a warning to the council coun il telling them they must go goslow slow sIow because of the city s financial condition His letter t was stolen from the recorders re orders files and ami has I IS not yet been replaced ced fIe He does not explain e plain what became of that communication nor does he say why he lie wrote it when as he lie now alleges alleg s the city has more money than it t ever had at a similar time of year yearA yearA yearA A year ago the overdraft was today to ay it is with to be made good from fro bonds or dr r a a net over overdraft overdraft draft of just more mote than th n it was in October 1899 1895 By some oversight the th auditor failed to use this very sim simpie f J pie method of comparison Maybe Ma be he lie hew was st Q modest to claim this addition to the th overdraft as an n evidence erice ol ec n nomy omy The simple mple s fact is is that the city has never been b e in in worse w con condition tion It is not a pleasant thing to record tec tr C Cr to th t contemplate It means a very heavy tax hwy for next neye ear F ss city prop property erty crt is is sold to supply the th deficit mt dili r the taxpayer will vill be the loser Imer The same gang gan that has footed lb ted the city treasury is making an effort to get control of the th county coun y treas treasur t easU ur U that it may repeat rep at its there But as is s a busi business ess proposition it is i unlikely they will ever ever e er be given gj gi rell en the tp opportunity ct th y seek |
