Show city tho very thoughts of extra taxation daring Democrat io times make staunch citizen shudder ani the mayors ahat provo create a ain Lini fund by an extra levy tor to be set aside to pay the water works bonds when they mature is a subject worthy of consideration provo put in a splendid system of water works four years ago at a bonded indebtedness indebted nees 0 that wbk all the city could bond for at the time or probably the water works would have cost more for the enterprising men who put in the waterworks water works first found the limit of our burss strings and then drow up their specifications accordingly the specifications mapped out a system of water works eo extensive and complete that the aholo cannot be put to service for a quarter of a century it will probably not bo salt supporting for a decade the bonds represents the cites entire indebtedness and tasy mature in twenty from the date bissu ed they yearly interest and only about comes in to the city treasury annually that makes over the citizens have to pay every year for the privilege of their water system with abe adoption ot the mayors proposition it will be for a year or two at least of course the water rates will increase and then the interest from the fund judiciously invested tho burden of interest on ha bonds to the extent of the accumulative sinking fund it is a well established business principle in private life that when a man ties a mortgage on his horns he begins to save up in advance to pay off the its maturity the 1 s bonded indebtedness on the city not graat is a emall mortgage morte age on all vit liia the corporate dimita limita and the principle in private life must apply to the public business holbron ks suggestion on a sinking baad is the city will have to begin saving sometime |