| Show CITY cur PAYS HIGH FOR AMERICANS I Their Misuse of Public Publio Money Results in Big Over Overdraft Overdraft Overdraft draft NEVER NECESSARY BEFORE of ot Fund Fud In ur Us lix rood Cc but Jill Not ot for THug of ot I When City Frank wen eon on d In tl the e n l Rank Bank of ot the Republic every cery oMit cent of ot the tho the tho bank daM not nut pay the city Ity one cent of or Interest though It has hall the u o of at the public money for tor a greet great length of ot time The city h hu baa s an oer draft of at at the tue National Bank Dank of or tho ho Republic Rl and It is Js paying the thA th Knox Institution six per pr rent Inter Interest est l st t It has been doing doln that August Augusi han the next is I the o will be great arid Ald the taxpayers tu will have A n greeter amount of ot Interest That Is what the t American America ad at administration ministration is it doing for this city elty In I II li lih Uthe I he h history of at the oily all no other ad ha has M ni it felti that Mich auth a 1 has h ov 1 vt been deemed ry The lh Actual overdraft ow raft of ot the n It mounta to There Th IH I n money mone lit In the bank to 10 offset this thin bl nn ent I 1 that la ii why the lIy ity le is required i t p pC Interest In NOT OT BK RB CR Warrants Warrant outstanding amount i t and arid the lh money mon In bond bonI ant an special tunis funds amount to 10 t I SI s I This Thin lat last amount partly lUUy urt offset i HI tt overdraft at that the th U te I 1 ln In la Is I never had bad lu to iV i toe fore foi e It la Is I paying six per i trat on 01 1009 to a bank using th thIt t cIty It money without paying a 1 cent Interest on en the municipal l account Coining at a time Ume when wh M tho th i in 11 t treasury haa ha been n In se P PI ereal I ways a with 11 fund th t tho i 1 o for an In overdraft of or thin till one on of ot the he most moat glaring the oily mismanagement that in income to ut corn come to light There has lias hB been t II th million dollar bond fund to ruly rul up special Improvement levies leviss never so eo greet before 1906 th r j tax lx levy II never na a high an Ill 1 la year eliI end and the receipt therefore tn mi it I greeter this th i i has hu been such ludl a 1 ml uM of ot money mon that this alarming condition permitted to 10 exist Mayor saId sold yesterday a th n Il nhe he ht did not know the city w s i this interest rt on the th overdraft overdraftS S Buggy and team harness pi 0 blankets Z c t M 1 I hardware del dei |
