Chicago, America's ga ital, the home of the vest culture, America's and the beer-running and gi industry, for the second time within a year was bankrupt to-day.
'So serious is the financial plight of this great city that municipal officials are threatened with the prospect of having to postpone pay days fcr the city's employees, including policemen, firemen, school teachers and those' charged with the: task of keeping the city sanitary.
Mr, Silas Strawn, the well-known international lawyer and head the citizens' relief committee, admire. that Chicago is bankrupt, In 1930, when the bankers refused advance further credit to the city government, Mr, Strawn persuaded the brokers of Chicago to advance G.74,000,000 to the Chicago govern ment on the basis of 1929 to 1930 tax' warrants. But to-day Me. Strawn said that Chicago's prospects of further finance are remote because the municipal fathers have blade no effort to assess and collect the taxes to redeem the warrants already sold.
According to Mr, Strawn, there will be no sale for the 1980'to 1931 tax warrants. The 1920 to" 1930 tax warrants must be redeemed before others can be sold, Mr, Strawn said. And meanwhile the coffers of Chicago are empty and her many. thousands of employees, many them underpaid, are facing suftering as the price of loyalty, 'Officials of the Chicago" gove ment admit that their department funds are exhi id prominent, citizens declare, that. something must be done to keep the policemen fand firemen satisfied, 'Unless funds are' raised and raised promptly Chicago will "be Without police protection, Her buildings may burn and there will be no firemen to fight the flames. Her children may attend school but there will he no teachers. Refuse" may pile high in the street but there will be. no sanitary, workers, Mayor William Hale "Big Bill" Thompson, who gained notoriety for his attacks, on King George. fand the tse of ro-English text took in "the public, "schools, struggling (0 find a solution for the Problems of a bankrupt city. Aga Evie reformers, merchants "and nubile spirited citizens are charg fie that IOhicago is presented to the world in-an unfavourable light Decause corruption is rarapant in the city government, eis expected that within the next few days there will be -many conferences called to consider the Plight of this great "city. The policemen, firemen and other city Employecr, are still "reporting for duty but how long they. wil able to do s0 without, receiving, the question which is. worrying the thousands who depend upon the mable servants for -sectitye—ited Pres
Text read from the printed page and cleaned; old type leaves the occasional error.