Show NEW YORK YORKI I BANKRUPT Comptroller Grant Finds Ill Ill- Managed Ill Financier Financier- ing in That City NEW YORK Feb G. G Comptroller Grout has a plan to save the city 1500 discovered disco on interest charges He has I ered that for nine months in the year the city treasury is bankrupt By ad advancing sd- sd I the time of paying taxes from from October to February the Comptroller as ass as asserts that he cannot save the city but will preserve its an enormous sum credit at all times This undertaking will be systematically cally pushed flushed by the Comptroller who wh Intends Intends to to- take tak fi L Legislature tur tur Of all the strange strang features of the I financial system of ot the city said Mr Grout there is none more striking than I that the city's Income from the tax levy begins on the first Monday of ot October 1 each cach year so that the city between Jan- Jan uary uary 1st 1st and October 1st is without cash to pay the expenses of the govern government ment The city is constantly living upon its future Income and is a large I I loser thereby It Is needless to say that the very vry loss which falls upon the city I In this respect must be obtained by the amount of ot taxes which are levied |