National Affairs: Chicago's Fix

Chicago's finances have long been sickly. Last year the treasury ran dry; payrolls looked papery; the city had to borrow $280,000,000 on future taxes. When bankers refused further advances, experts whittled out an "economy" budget for 1930. The whittlings: 2,153 city employes.

Before the City Council last week appeared Chicago's Mayor William Hale ("Big Bill") Thompson. Sweepingly he vetoed two-thirds of the lean budget. Sweepingly he absolved his administration of blame for the fiscal fix, put the blame on real estate revaluators.* Generously he proposed a budget greater by $6,313,000 than Chicago's estimated 1930...

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