In debt-ridden Chicago last week, Comptroller R. B. Upham reported that the city's five-year rout into the red had been halted, that a small counteroffensive back into the black had been launched. Issuing a preview of his 1934 report, he announced that, through tax collections, he had brought the city's bonded indebtedness down $11,000,000 from its $136,357,000 total of April 1933. Some $8,000,000 worth of bonds had been retired before their maturity dates. Chicagoans were grateful for thus saving more than $2,000,000 in interest charges.


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