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Show PROTECT jITY CREDIT. Etme Plain tut Pertinent Expressions from a Ronroe that Understands the Situation. TAKE UP THE WATER TAXES. 8ai9 Things that Could be Accomplished Accom-plished with a Cash Credit of $150,000 and Less. "The sale of the old Fort block that baa furnished the key for so much demagogic canting on the part of the politician for tha wrinkled and horny-palmed horny-palmed son of toil," said a member of the city couucil this afternoon "is urged by more reasons than those that' are visible from a birds-eye view. It's all light for a mau to talk sentimentality nd to tally the poor man upon his rights and what humanity owes him, but that sort of stulf has been served in uch volumes that it has become Hat and tasteless. The poor man cau't get lot or fuel out of sentimentality any more than a city or a moneyed baron of Wall street. You can't settle bills with eutimentnlity. The city real-iaed real-iaed that when they unloaded those bonds at Hit cents. Our credit must be protected and the only basis of protection is bullion, silver and gold-ami gold-ami bank notes, in case the thing is not left to our preference, liul the sale of the old Fort block " "Would eHect our credit?" "Assuredly. Ono hundred and fifty thousand dollars in the municipal till at this writing would make us feel like a i newly blossomed rose. It would obviate tho necessity of appealing to a f Dod many other alternatives that ure at once expensive and embarrassing. I don't believe in paying extortionate tribute to the sordid Shylock until the avaraoious son of Israel has got us in his merciless grasp. To be caudid the city owes morn, morally, than appears In the red. For example it owes the property owners of this city $110,000 monies advanced" "How's that?" "Very simple. It's for monies advanced ad-vanced by them on the extension of Water mains and in round numbers it reaches $110,000. The system here is somewhat eccentric. For example if an application is mado for a water main the applicant under the ruling system Is compelled to advance his proportion of the costs of tho laying of the same. In consideration of this advance he gets a receipt from tho tax collector'and the advance is passed to his credit and applied ap-plied in payment of his water tax. Say you pay 50 and your water tax is $10 per annum, you obtain a receipt for five years water tax. At the present time tho city owes property owners 110.000 worth of water. That' a heap of money to some people and would carry many a man through a squall. Now let's see. If wo had iri0,000 we could apply $110.-000 $110.-000 of this to the payment of the people w ho have a credit balance on tho city's books and redeem the receipts that they hold for water that it will require years to consume. Nor is this the only desideratum. There are other items to bo looked after but they are family secrets. However, it's better to take care of tlioni while they are bagatelles than to permit them to become bugaboos buga-boos aud, hence 1 say, let us call in Boine of our resources and protect our credit." |