The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-20
6,S7S,Sll 10,

Michigan, 2ll560 400 do 52S
6,s7s,sN ls,so7 s7s
These comprise 10 States, and IL, 3O7 bankrupts.-
II we estimate the rest of the IL States on the same
basis, we will get an aggregate Of probably 1900
persons, who have already awaited themselves of
this act.
Now IL is we'll known that the lar greater portion
OF these applicants politicians, spectators, ope-
rators, and persons not in regular business. The
debts OF these persons are in many very large
some Of them several millionaeach, and very many
for hundreds of thousands each. Perhaps the gross
amount Of these debts equal to $3.50, 600 OOO-a
sum nearly equal to the debts of the several delin-
quent States.
Again, from an examination Of the schedules in
this district, and from intelligence from other dis
trcts, 1t appears that the greatest sufferers by this
law have been the mechanics, traders, and working
people, on whom thousands of these bankrupts have
lived for many years past. This is most deplor-
able feature in the operation of the present law, and
has contributed very much to bring it into disrepue.
The assets of these men probably don't amount to
more than a sum sufficient to pay the expenses of
getting their certfcates-probably million of dol
lars. Indeed, in many it is Justly suspected
that terrible frauds have been perpetrated on the
honest portion of society.
Yet, IN spite OF the vast injustice which this law
has done to the poorer classes of society-there
ought to be bankrupt law for the benefit of the
truly unfortunate. We cannot, however, see any
ether result than total repeal-and we should not
be surprised if the United States Supreme Court
were to follow the movement, and decide in favor
of the unconsttutionaity of the law, from its incep
ton up TO the present day What mess would
then ensue
The STREET CONTRACT MADE FOR FIVE YEARS.
This famous contract is at last made at $64 500 per
annum, for five years The contractors three in
NUMBER the first Joseph Britton, grocer, and coec-
tor Of the fifteenth ward; the second Thomas Carn-
ley who styles himself public iaborer, formerly
lumberer, and resides at Breakneck Hill, twelfth
ward; third, Edwin Townsend, (brother of d. w.
Townsend) a clothier, corner of Hester and the
Bowery.
!Surcties are, first, Rinier G. Wortendyke
ice-merchant, soda fountain man, DC, fifteenth
ward; second, Daniel Ward Townsend cousin of
Assistant Alderman Ward of the tenth) cashier of
the Butchers and Drovers' Bank, and resides in the
house where the bank is kept. The third surety s
Alderman Carman of the twelfth ward. 1t is more
than cenectured that Isaac Ward, brother of tie
Assistant Alderman of the tenth, and present Super
ntendant Of Streets, il silent partner in the con-
tract; it may be reasonably supposed that he knows
OF the business than either of the other parties
Before opening the proposals, the committee unani-
mously resolved to reject all proposals not made in
strict conformity with the advertisement, with par
ticular reference that clause in it which requires
the written assent of the sureties affixed)
The committee resolved also to give the contract
to no party manfesty offering the not in good
faith.
In respect to the committee, Alderman Martin
dissented, and Assistant Alderman Esquirol, at
Albany.
The lowest proposals were by Mr. Bartlett Smith,
at S24 9S5 His sureties unexceptionable; but
the committee say the proposal do the work that
price manifestly not !made in good faith, is
clearly impossible that the work can be done at
that price. On this ground, and en- this alone, his
| proposal was rejected.
| The next proposal above Mr.. Smiths, which was
| made in accordance with the conditions as adver-
tised, was by the brothers John and Thos Cum
mngs at $4,000 The euretes were undoubted
They are wings. But the committee regarded the
proposal not made in good faith and therefore re-
jected it, for precisely the they reject
| ed Mr.. Smith's-to wit, impossible to be done for
| that price.
The next in order above were the present con-
| lTdClOfe, INVESTS otlttOU, OdIn1cy anu lOWnseuO
There were eighteen proposals in all sent in Sc
veral of them at estimates below the one ac-
cepted but either the securities did not themselves
| send in their names such, or in some other way
| they not in accordance with the conditions.
They ranged all the way from Mr. Bartlett Smiths,
the lowest, at s24935, to Mr.. Curtlss, (of the Sd
ward,) at Sl06,O0O.
The actual expense to the city for cleaning the
| streets IN 1871 and A. under William Gage. was
| SI46,sl2 SO, making difference in favor of the
present contract of $780, 80 or deducting the
salaries of the Superintendent of Streets his clerk
and seventeen Street Inspectors, which we believe
included in the above expenses for lS4l and ~
and amount to about $4,000, it will leave clear
saving Of $4,000 per annum.
OFFICERS or THE NORTH CARoLrNA-The polite
ness and UNIFORM courtesy of Captain Gregory, Mr..
td, and other officers of the North Carolina, have
been the theme of universal praise amongst the
numerous auditors at the Court of Enquiry. Ample
accommodation was provided for as MANY as the
cabin could accommodate, and every attention was
, paid TO the numerous visitors whose curiosity led
| them TO the North Carolina.