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Show i I THE NEWS'S BAD BREAK. j It is hard to sec what the Dcscret News expected to gain by its false presentation of tho city's finances, made on Saturday night. Its stato-; stato-; mont that "The city's income for tho year amounts to $104,444.00" is so transparent n falsehood, one so easily shown to be grosslj untrue, that it would scarcely seem wonh while for ovon so hardened a liar as tho church organ to make it. Why, in licenses alone the city gets that much, counting all the license money. And the tax levy provides three times the sum stated by the News, oven at tho eleven-mill rate established es-tablished by the Morris administration. No doubt tho News look pnins, in its grouping of the "enormous expenses" of tho American city administration, to include every possible Stem of expense. We have not checked up on that, side of the account; but in tho quest in which the Nows was engaged, it would naturally include everything possible in order to pile up the aggregate as high as possible, and add whatever could bo added to the horrors of an adverse balance bal-ance sheet. Taking its worst and darkest showing, show-ing, therefore, we find that the city's financial condition is first-class. The city, it says, "is spending $43,1 GS every ev-ery month in meeting currant expenses." ex-penses." But its year's income is at the rate of $57,500 a month. And whereas the News says that the expenditures for the next six months will amount to $25S,SSS, it is evident that the receipts, counting merely by average, will reach ?34o,0Q0. But, as a matter of fact, and to be candid about it, the six months start in with an overdraft of $120,433.51. This, however, is because the taxes arc yet to come, and as the overdraft on current account pays no interest, no harm is done; the bulk of the revenue comes with axpaying time, which is at. its height in the month of November, Novem-ber, and which will provide ample monoj' to meet all accounts of the year, as the law requires. |