Show THE CITY WARRANTS P at a session of the city held bold on the fth of july last a resolution was wag presented by the president eDt of that body jred dd referred to the be committee on ancie it related to drawing war rants rante on the city treasury to meet bills payable and provided that these should draw interest at the rate of 8 per cent per annum from the time ot or their presentation until paid the NEWS at the time or shortly after called attention to the fact act that the resolution if adopted would be in effect the rendering nugatory of a law of congress and hoped for that reason if no other there would be nothing further done in that bat direction A halt was ordered and for a month the proposed nullification plan has been slee ping but as it appears with one eye open and last night it was awakened and brought luto cm complete being Wh Wha alever ever of good or bad it may entail to is therefore upon us it is unquestionable that the city mus must have money to get along with and its hoods bond s are begging on the mar ket bet that all current funds are ex bausted and all available incie anticipated A condition along a long way beyond a theory therefore confronted the solons and they have resorted to the expedient named to get out of it it is ili now in the position of a question whose only solution can come with time and through continued application it aims at good but the manner is bad and the example pernicious the NEWS has done its whole duty in the promises premises and will have to be content with that for the present |