“Deficit Oct. 1923 . 80,000.
“Deficit Oct. 1919 . 34,000.
“Deficit increase in 4 years
. 46,000.
o o o
“Deficit Only $80,000.
“It is perfectly clear, therefore,
that the current fund dificit is only
the relatively small sum of $80,000
and not $800,000, as charged by Mr.
Ward. $34,000 of this $80,000 deficit
had accumulated on October 1, 1919,
and only $46,000 during the past four
years.
“No account in the above state
ment has been taken of the large
amount spent out of the general fund
for equipment during the past four
years. The increase in equipment
arising from ceneral fund expendi
tures will many times offset the
small deficit, so that in point of fact
there Is no real deficit. Neither Mr.
Ward nor any other citizen need
lose any sleep over the probability of
bond Issues to meet deficiency in rev
enue.
“And speaking of sleep reminds me
that I verily bsllsvs Mr. Ward would
not have Issued his Ill-advised
statement had he not been seized in
the grasp of a terrible nightmare.
