Финансист

Chapter XXXIII

           Thepaymentofmunicipalwarrantswaspostponed,andtheywerebeingpurchasedatadiscountinlargeamountsbyMr.Cowperwoodwiththeverymoneythatshouldhavebeeninthecitytreasury.Thebonafideholdersoftheordersforcertificatesofloansarenowunabletoobtainthem,andthusthecity’screditisinjuredtoagreaterextentthanthepresentdefalcation,whichamountstooverfivehundredthousanddollars.Anaccountantisnowatworkonthetreasurer’sbooks,andafewdaysshouldmakeclearthewholemodusoperandi.Itishopedthatthepublicitythusobtainedwillbreakupsuchviciouspractices."

           Therewasappendedtothisreportaquotationfromthelawgoverningtheabuseofapublictrust;andthecommitteewentontosaythat,unlesssometaxpayerchosetoinitiateproceedingsfortheprosecutionofthoseconcerned,thecommitteeitselfwouldbecalledupontodoso,althoughsuchactionhardlycamewithintheobjectforwhichitwasformed.

           Thisreportwasimmediatelygiventothepapers.ThoughsomesortofapublicannouncementhadbeenanticipatedbyCowperwoodandthepoliticians,thiswas,nevertheless,asevereblow.Stenerwasbesidehimselfwithfear.Hebrokeintoacoldsweatwhenhesawtheannouncementwhichwasconservativelyheaded,"MeetingoftheMunicipalReformAssociation."Allofthepapersweresocloselyidentifiedwiththepoliticalandfinancialpowersofthecitythattheydidnotdaretocomeoutopenlyandsaywhattheythought.

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