Show o c I 1 County Pays Off Bonds City Increases Burden Yesterday County Treasurer J. J A. A Groesbeck paid off of the last issue of worth of bonds The payment was vas ordered by the county commissioners While it is not yet time for the county to pay payoff off this money it is is done to save the pay pay- pay pay-j ment of interest until the time of maturity I 0 The county's payment of its bonds shows that not only aie are the finances of the tIle o county in excellent condition b but t that they are administered by men of business sagacity sagacity saga saga- city who anticipated the maturity of the bonds a few v months and saved several hundreds n a of dollars in interest which would be a total loss any way ft I 4 II I t While the county is paying off its bonded indebtedness what is the city doing It is asking the people to vote worth of bonds Half of the money to be beux ux raised by the sale of these bonds will vill go toward liquidating debts debt already contracted 0 U and the rest will go toward offsetting a stupendous overdraft at the bank 0 o n The city has provided a fake bond interest sinking fund but the money that o 0 U o should go to this fund is diverted into other channels Interest payments are met from froma a 0 other funds no iio money is laid aside to pay payoff off the bonds and the whole question is handa handled hand hand- n a led in a manner that would not give a schoolboy credit for the slightest degree of intelligence intel intel- O a if he lie administered the affairs himself The comparison is brought directly home by reason of the fact that the city administration administration administration ad ad- ministration and the county administration handle matters affecting the general lublic public pub pub- lic lie in the greatest portion of this county The county sets a pace for the city that it Q annot cannot possibly follow under the system employed by the present administration c c cx |