CHICAGO BANKRUPT
ELEVEN MILLION DOLLARS . ;. ; . , DEFICIT. .. , [United Press Association—By Electric ' telegraph—Copyright.] , CHICAGO, January 23. Financial collapse of the city was disclosed to-day. The Municipal employees, including the school teachers, have six weeks wages due to them. There are no funds available. Therefore, the attempts by the City to sell short-term securities, namely taxanticipation - warrants, totalling approximately eight million dollars, for immediate funds, have failed. No bank would underwrite them. The hospitals, particularly those l housing tubercular patients, and the parks and other most necessitous of public services are in danger of cessation.* For instance, there are 1,5ft0 nurses who possibly may leave shortly, unless some provision is made for their pay.
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Hokitika Guardian, 27 January 1930, Page 2
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111CHICAGO BANKRUPT Hokitika Guardian, 27 January 1930, Page 2
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