| Show THE DILEMMA it la Is no wonder that the flouree figurea given in the NEWS yesterday reveal ing the alarming condition of the finances proved a veritable veri tuble bombshell in the camp of those who have been giving tacit approval t to the method in which municipal 1 affairs hae bae been conducted by the present administration doubt 1 less the friends of those who now direct i 4 the policy of the city never dreamed that such recklessness and imbecility was being exhibited by the office 4 holders as aa to is shown to be the thel 11 case the masses of the people have e all along felt that municipal P xa finances were being manipulated with an ex rava gance that in some countries countr iea would have been called dishonest and ami these theme will not be surprised at the par bial exposure which has been inada made and or which there is more to follow 4 it is indeed regrettable that there 10 1 i occasion for such an exposure daubl double 1 i so for the necessity which exists for at the present time when finan financial I 1 credit and confidence are so essene 4 to safety in commercial kattef but that the city should be brought to the verge of financial I 1 that its credit should be destro destroyed and an attempt be made to plunge it lute hopeless bankruptcy and th that at by those who have been placed to 0 o represent the people is indeed deplorable plo rable 1 1 with the condition which now exists there need be no our gar prise than bond buyers will not take up tip the city cites Is paper the comora tiou which would reach the full extent of its limit of indebted neo neah and then attempt to contract still fut fui aber and illegal obligations is one that capitalists everywhere deem it prudent to keep clear of |
