New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-04-19

answered that they only laid part of the way but
no precise answer could be given the map pres
pany Were placed in any disadvantage they could only
ent AID Francis then stated that the Manhattan G. Com
blame themselves notice had been frequently 10 their
office to attend the Committee but for them did at
tend and the Committee could only report on the niorn
ton which had been laid before them
Mr.. Young Of the Manhattan Gas Company, stated that
the only notice received at their Office that Of the 10th
Of the present month and that he attended it, hecic
object the Company had in sending 20 ask for an ey
tension of time they not At present prepared with
the information they would deem necessary To- leave before
the Committee The which they had for the lamps
Of the CITY placed them the necessity of LAYING mains
IN streets that very thiny inhabited and they
tanned heavy loss and he considered that if the contract
was taken from them now they would be treated unfry
and the outlay which they had expended would be lost
to them They made more than per cent in
their capital and after years he cOnsid
cred the Company had every right expect preference
and 10 hope that their claims would be considered Besides
this they desired to send 10 the other side of the
get evidence prove that the plan of Professor Adams had
failed in London and could not be carried into effect there
would succeed here He read letter from the editor
Of London paper stating that the plan OF Professor Adams
bad failed there. To procure evidence OF this fact they
would require at least month which he hoped would be
granted.
Mr. r o Smith of the Mutual Saving Gas Company,
said that they did not depend solely henvenon of Pro
fessOr Adams for but they had other Of at
tanning that object They were confident they could give
the the terms they proposed and il they
they would not be such fools risk their money in such
an undertaking They were ready to meet any nvesga
ton that might be considered necessary at any
other time and were confident nothing could be brought
against the plan of Professor Adams that would nure it in
the slightest degree and by they intended TO be able to
supply on cheaper terms than any other company could
and TO be able to make a good profit besides.
Professor Adams entered into long scientific expana-
ton of his plan and expressed himself confident of success
He stated that the plan the London editor alluded to could
not have been his or he was mistaken and that he would
MIR Fox of the New York Gas Company stated that he
was himself New-iorker, and desired to go with the
times The Company to which he belonged had always
underworld q
would supply gas to the City cheap the Mutual Saw
ing Company or any other company could. After some
further conversation agreed to give time TO the Man
haitian Gas Company oprocure the evidence they required
The consideration OF the matter was adjourned to the 23d of
May next.
BOARD OF ALDERsES-Richard S. Compton, Presi-
dent in the Chair The minutes of the previous meeting
were read and approved
Petitions Reterred-Of the Judges of the Marine Court
for suitable for the sitting of said Court OF t. An
drcws and others have Forty third from Broadway
Fifthav tagged ORA II. Ruck for relief for injuries
Nozqinations-A communication was received from the
City Inspector nominating for Register of Records DR. jas
5 Hyatt for Superintendent of Sanitoy Inspection Rich
ard {. Downing; for First Clerk, Robert ID. Smith Re
terred 10 Committee on Salaries and Offices.
Reports Adopted-To release Edmund Fitzgerald and
Fernando Wood from their bond surcties for John Lay
den Colecorin the Sixth Ward a. d. 1899 To correct
erroneous tax of sundry persons.
Veto-A message was received from Mayor Westervelt
yeOng report adopted BY the Board of Aldermen paw
s75 to William Sanders, for injuries received by said
Sanders while in discharge of his duties at a fire The
Mayor examination ascertaned that Sanders sustained
the injuries claimed TO have been received AT fire. at
fight after the fire extingushed The Mayor, there
fore does not consider the petitioner entitled to any re-
muneratiOn.
Commandments the Controller the memorial
of VIM WadswOrh in reference to the fees paid into the
City Treasury by the District Cours-Reierred to Com
mittee on Accounts A communication of considerable
length received from the Controller i'll relation to the
income of real estate &c information called for by AID
Bard at previous meeting of the Board The Controllers
Report ON the subject laid the table and ordered 10
be printed The statement showing the sums paid for real
estate from January !, 1874 to April 10, 1888 fur
nishes response to the inquiry to the amount of
income derived from real estate. The thc Con
troer says that the real in is purchased
and used for public purposes and instead of yielding any
income j, constant drain on the Treasury for repairs as
scssmcnt,, &c In the list of purchases furnished Is an
item Of Sl03fj0 paid for 60 acres Ward Island and
the books in this department furnish only the fact that tbs
paid out of the City Treasury There Is another
item of $4,000 paid for No 30 Mos which lot was sold
to G. Eldrdge in $780, for 81 800 In this the City
Treasury lost $1,000 and the Sinking Fund gained SiSOO.
while the taxpayers of the whole City lost by the operation
$500 In ls52 the City purchased no A. ecmanst for
$1,000 This lot has front on Annst NO ~ which has
been rented extending 90 feet back for $50 per anum Tor
wears In this the City pays for the 90 feet thus
rented and the Sinking Fund gets 500 rent The Corpo-
ration paid the State 100000 Tor renqujShng TO the City
the Arsenal lot This paid out OF the City lreae
urv part of this property has been used a ttY Ar
m0rv and the residue has been rented 0thc ny " Haven
Railroad Company for per This rent is paid
into the Sinking Fund In 1880 there was paid from the City
Treasury for the Fort Ganscvoort property the sum OF
30 portion of this property has been leased to
the Hudson River Railroad Company for IN annual rent OF
st 1872 which is paid into the Sinking Fund There may be
other OF similar character where injustice would seem
to have been done in the adjustment OF the account BE-
tween the Treasury proper and the Sinking Fund But in
subsequent part OF this report VIII be shown that the
Finance Department has merely followed the law aud the
ordinances in adjusting the accounts between the Sinking
Fund and the Treasury Statement b. shows the amount
paid from the City Treasury for docks and slips rom Jan
1874 10 April To- 1853 also the received for rent OF
docks and slips in each year for the same period and APP
piled to the Sinking Fund The income includes the rent
of docks constructed previous to 1874 as wei as since
The total sum expended since 1874 ana para rom tne
urv IS 922 81 The ali docks and piers for
the same time is Ssl,799 80. The Street Department
alone could furnish statement of the particular piers
which have been constructed and extended since 1914
and thus afford the of acerang the proportion OF
rent derived from the expenditures from the Treasury Tor
docks since si4 and il is difficult for that Department 20
get the particulars The books of the Auditor Only Afford
the means for giving the abstract contained III statement d.
The Controller after quoting parts of ordinances and re
ports of the Common Council &c TO sustain the action Oh
the Finance Department concludes;
1t obvious that in the purchase ana sale OF real estate
NV The Corporation the Treasury is the sufferer aud the
Sinking Fund the gamer This be in measure obya-
ted bv combining the purchases OF real estate 10 the quantity
actually required for public and leaving no surplus 10
he sold or rented for the benefit of the Sinking Fund 1t s
worthy of notice however that in instance the sinking
Fund has been greatly the sufferer by an operation IL real
estate -
The 10th section title l. of the Ordinance of 'ii. de-
cIarcs that the buildings included IN The establishment
called the Aims House Bellevue together wiki the lots
of land and water rights attached thereto when sold ana
t rents thereof when leased shall BE- pledged and appro
,rated 10 the Sinking Fund Forty lots of land at the foot
of Twenty thirdt ON the East River worth eSO0oo &c
rorng 10 an estimate of committee OF the Board al Al
derncn are to be sold and instead OF having me aNaS
naccd in the Sinking Fund provided by the Ordinance
The money is be used and hen to be gwen to the puOhc
creditors ON the Juvenile Asylum In this case the SINK
and an ASYLUM on the Island which unavailable to meet
4 pecniary demand.