Address at the Merchants' Association Dinner, to its President, W M. F. King, New York City, May 25, 1900.
Incidentally, you rendered great service by the showing you made as to the defects in municipal management, not only as regards the particular question of water supply, but generally.
Waste is the largest single element in municipal finance. It persists largely because taxpayers cannot properly analyze public outlays. It could be greatly lessened by a system of public accounts and reports which would separate the wasteful from the useful outlays and subject them frequently and in a concise form to the scrutiny of tax payers.
All important business enterprises are managed by the aid of analytical reports which summarize results and subject every element of cost to scrutiny and to the test of frequent comparison with fixed standards or previous
BECOME A MEMBER
Join the TRA today and receive the Association's scholarly journal, participate in Association-sponsored travel and tour opportunities and local TRA Chapter activities and events, and receive invitations to all TRA events.