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Show MUNICIPAL AFFAIRS MUST BE CONDUCTED ON BUSINESS LINES CrNCtXNATt. June 11. "Cities that conduct their affairs In a bustneaalllre war, that practice eoonomjr, will receive the preference In the extension of credit, and those communities that adopt tha contrary con-trary tactlca either will have to pay a rulnouely high price for their money or go without It." Thla warning waa sounded by William O. Prendergsat, comptroller of tha city of New fork. In an address before tha National Aaaociatlon of Credit Men at ita annual convention today. Mr. Prander-gaat, Prander-gaat, tha principal speaker, said that there la an enormous amount of extravagance In tha finances of American cities. However, How-ever, he added, thla extravagance should not In all caaea he charged up to tha city officials alone. In the last analysts, he explained. It la the people who are behind the expenditures, expendi-tures, because they ask the appropriation and the officials yield to their demand. Reading of reports and their dlecuesfon tilled out the day after Mr. Prendergaat's addrees. |