CHICAGO BANKRUPT.

New Zealand Herald, Volume L, Issue 15269, 5 April 1913, Page 2 (Supplement)

CHICAGO BANKRUPT.

■GOT MAY GO INTO HANDS % OFi. "V.; v -;. ■■;-;.-■ • EECBIVEBS. ' p : Tm tightness of the jnoaey market is I apparently not being experienced n/JM Zealand alone, to judge by.tie folle*| &Sago is in the tightest fmancialhol« it has experie»ced since the, days M mm big-fire, 1371. The metropolis of the *M| isliankrupt. The city is so hard py&m for funds that it is paying the mum«| employees only 80 per -cent.-, of the &&m del, while as to other expenses, (»l«| fixed charge, it is paying only 70 oeu»| in the doflar.. . , :^isM The new public improvements, i&vMm it was proposed to issue bonds, have beep temporarily abandoned. No money wa\*.w-. able for new equipment for the fire department, and consequently the firewssi &-: some districts httve; to run to fires, witatej engines so dilapidated that the ;»eß :v fg|| the apparatus mil fallto joiecea- I*m&m police department is pressed for the health department- has been MSR§ down, the streist-cleaning department.-- i cut fo the marrow, and all .the'')mra for securing municipal, cleanliness M».-gjg|f|| teetion are cramped for funds and in service. Despite all this re*r«»aWsy§ Chicago faces' a dehfeof ■must be paid out oj: its unless If the: -l>egipJature docs w>6 com* rffixSm rescue by *bond issue;law, Chicago; haidfi of Fecei^js^