Show ON CITY FUNDS In connection with a decision of the Edmunds campaign document document for tor which the taxpayers ta payers through the re reto reform I form to m council have paid or will pay 1000 The Herald commented comment on Ed Edmunds rounds munds statement that the bank balances are not noi drawing Interest Wo We Called the fact that Fisher tH Karris the last Democratic treasurer collected on city deposits and turned the money moner moneY into the city tre su sury sury ry It has 11 lS been some days since The Heralds comment was published but butas buts us as s yet nobody with authority to speak tor or the administration has explained hs matter Again we ask Why Is s this money admitted to be not far from three quarters of a million dollars not draw drawing ing interest And if it is drawing In Interest interest terest who is getting the money and why the city get it The apolOgists apol apologists for the reformers have had nothing frothing pertinent to say on this subject They have indeed had nothing to say sayat sayat at Bt all Their case ease is utterly and entire entirely ly y indefensible Why should the banks riot not pay the city and when we say the city we wo do not mean any individual member or members of the city admin administration interest on n heavy balances The lowest interest rate would be not less Jess than 3 per cent From Jan 1 to July 1 the city according to the state statement statement statement ment of ot Edmunds or Edwards the 1000 beauty has had Imd on deposit an average of more than of water bond money at one or more of the favored fa favored banks At 3 per cent per annum the city would have h ye derived from this fund the sum um of for the tIle six months enough to pay the salaries of four or five heads of departments for foran foran foran an entire year ear Why the city get the money money Why are the banks getting the use of it free if they are getting it t free tree The matter is one on that must not be sightly passed over oyer The precedent that the city is entitled to interest on Its deposits was set by a Democratic ad administration ministration No good citizen will wUl ques question question question tion the wisdom of the th proceeding certainly no honest city will ques question questIon tion It And just as certainly Mayor Thompson the City treasurer treasur r or anyone elso lse who may be responsible for the failure of the city to receive this inter Jest st will be called to an accounting Will Williot Willot lot ot one one of the organs of the reform fers rs offer some explanation We await It lit with an interest which we are free freeto freeo freeto to o confess conf ss Is not unmixed with curi curl curiosity |