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Bonding Is Not Upbuilding

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Parent Issue
Day
13
Month
April
Year
1892
Copyright
Public Domain
OCR Text

The Sentinel, of Ypeilanti, warns its Tip the river neighbor- that's ue - to beware of the shoaJs of niuniciipal indebtedness. From experience, it Relieves that the procesa, for ■water works, for electric ligïits, for fcewers, etc, etc, is not conducive to the growth and prosperity of a city. Ooi the contrary the niethod eo far (pursued by Ann Arbor, of paying for everything as it obtains it, and allowiing no bonded indebtediicss to hang over the tax-f,ayors like a pall, is ,the (best wáy. The cause, and the oaly faiise, tor tüe prosperity Ann Arbor m naw en}oyiiig, arises from the fact that kIk' has low taxea and no debt. That ds u great induceinent for pco5)le oï aneaos to come liere and reside. Tliose Who are seeiking homes in whieli to retire and spend the balance oí their lives in enjoyment, wlll seldom, if over, select a place that is heavily inögbted. When a city bond itself it places a mortsage o every liouse and lot and every piece oï property ■Within its 'boundarii'N, and that mortgage is coastantJy eating iuto the Voekets of the people. The Sentinel is vight, and it is to be hoped that Ann Arbor yrUl be as wise in the future ;as she has been in the past, and keep out of debt. Our usually amiable contemporary, the 'Register, warnfl the city government and city officlaJe generally, to stand from" tinder, as it is about to Irop on tliem ! In the I&nguage of Jie noted IJulitzei-, of the New York Voi'ld. "Don't." Koads and streets in and about Ann rbor could he macadamized cheaper han in almoet any other place in he state. All material needed is at land, and the gravel foundation is xcellent.

Article

Subjects
Old News
Ann Arbor Courier