Show AM AMERICAN RICAN RULE CAUSES TREASURY DEFICIT PIT ull Legal Limit of General Fund Levy L vy Wont Raise Enough Money Next Year City Revenues Fall Off and Ex Expenditures Expenditures Expenditures Increase in Four Months J Appalled by the record of extravagance extravagance extravagance gance which they have hae made since they the assumed office last January the Amer Ainer American American ican lean members of the council are floun floundering floundering dering around in what appears to be a avain avain avain vain attempt to raise money to run the city government for the next fiscal year which begins August 1 City Au Auditor Auditor Auditor Rudolph Alff has made a report to the finance committee which shows that the general fund is over overdrawn overdrawn overdrawn drawn at the bank in the sum of 29 A year ago at this time ac according according according cording to this same report the Morris administration had a balance on hand handin in the general fund of or Mr report shows a tremendous falling off on in the revenue of the city for forthe forthe forthe the first four months this year Thu The amount collected was as against for the corresponding period last year At the meeting of the finance committee held In Mayor Thompsons office yesterday afternoon an attempt was made to prove that this falling off in the revenue was due to the stepping of open gambling but this statement do hold water because the total annual revenue front from open gambling under the Morris administration tion was only whereas the fall falling falling falling ing off oft In four months amounts to 74 Moreover City Treasurer Frank A Swenson admitted to the finance com committee committee committee yesterday that the general tax tn collections for this years revenues had been better and closer than those which furnished the revenue to the Morris ad administration admInistration administration ministration last year Nobody con connected connected connected with the th administration or in inthe inthe inthe the ranks of its opponents is able there therefore therefore therefore fore to explain the falling off on thi year Limit Almost Reached The state law Jaw forbids a levy le of more I than 5 mills for br or general g fund purposes The levy last year was 4 mills A le levy y will raise about in taxes whereas according to the present rate of expenditure e about will be required for the general fund leaving a deficit to be raised apparently by the issuance of warrants Mayor Thompson it appears had a hint of the rapidly approaching crisis in city cit finances and that was as why wh he heas j I was as anxious to sell a bunch of city real I estate and put the money in hi the general I fund This game was blocked In the tha th council by the Democrats and by one or ort tAvo t Americans to whom Thorn the mayor major had not confided the desperate straits to which his party would be put to raise revenue for the next year When he was mayor maJor before Ezra caused to be sold about worth of city real estate He built a city Jail and spent the balance for gen general general general eral running expenses of the city Expenditures Increased It has cost the American party 36 2901 more to run the city government for far the first four months of 1806 than it cost the Democratic administration of Mayor Richard P Morris to run it for the first four months of The expenditures for the period under American rule amount to for the same period under Mayor Mor lor Morris Morris lorris ris they amounted to 24 a 8 dif difference difference ference of However the American administration had to pay IY interest on water and a d sewer bonds which the Morris administration did not have to meet Deducting this from the increase under American America rule and It leaves the net balance in favor of the Morris administration 86 Ii in four f ur months The finance committee has hs held heid two sessions to consider the matter and is no nearer a conclusion than it was wag when the news was first broken Yes Yee Yesterday Yesterday afternoons session se sion WAS a public one onea a sort of dress rehearse rehearsal Mayor Thompson Thomp on Councilman Black and Councilman Mulvey spoke several pieces for the benefit of the newspaper n men m n present The gist grist of it was th that U t extra had been forced u upon n 1 i 1 by events and that th the df if f in revenue was due to tt the closing of gambling and to the moral tion of ot the city elt Fire Station Impossible The committee agreed that it would r uld be b impossible to build the new ne No N 5 fire lire station this year because of th the financial condition of or the city Accord when the contract for that sta station station tion came in to the council from tb the board of public works last night it was sidetracked by being referred to the fire committee There it will m root rest City Treasurer Frank Swenson de denied denied nied flied to the finance committee a rumor that he was paying interest on the overdraft which the city has at the Na Bank of the Republic |