New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-07-03

RI the daty Of the Controller to keep correct Journal
of the proceedings of the Commissioners be ratified
by any four OF them himself being one The journal of
the does contain authority for max.
ng sale or gran, the Fo Ganseveor property eher
Al Simeon Draper 10 j. T. NarnuFn: and vet the late
Controller without any record authority from the Sink.
Ing Fund Commissioner has had grant executed 70
Mr. Draperha had II recorded in the Finance Deoari-
men-aDd then, after receiving payment OF $4,000,
end a mortgage for sl20,Oc0, he kas Cancelled the
grant and he mortgage of Mr. Draper end without sub.
hitting the question 10 the COMMISSIONER rs appears
i from the minutes. has made grant 10 j. b Var
mum taking smother mortgage from him, and leaving tae
following The only eptry Sinking Fund journal
4 n the Finance Department, viz.
"SaEox Draper Dc.
ITO bond and mortgage ON property bounded by West
st.. Twefths' Ganseycorfst and Thirteenhav., known
as the Fort Gansevoort property old to Simeon Draper
for sl60 O0o $4,000 cash. BALANCED in bond and noga4
sl9o,oOO, payable in five annual nsalments interest AZ
six per cent The above sale made by resolution o. the
Commissioner Of the Sinking Fund.
This entry made by the bock.keeper the 2sth
day OF December. 1852.
approved by the Counsel the Corporation aud signed
by Mayor Kincsland, il was discovered that he Of
fcer OF the Corporations and therefore forbidden by
the 10Th section Of the Charter to take possession and hold
the property. Bat what authority had the Controller
without the sanction Of the Commissioners OF the Sinking
Fund to extrica'e him from the dilemma in which he had
voluntarily placed himself
In these transactions by the Controller the thory of
the Commissioners Of the Sinking Fund empaaiealy
audited.
In reference the practice of the Commissioners of the
Land Office, whose powers in making grants similar 10
those OF the Commissioners the sinking Fund
found that such loose practices those before described
have prevailed in making grants by the State.
Ii must be obvious to every that Reuben Loveoy
and the Controller could not legally discharge the trusts
and duties which the ordinance vested in four more
of the Commissioners Of the Sinking Fund
appears plainly from the above facts that the sale Of
the Government property invalid and should
be declared 80 by the Common Council and the presen
Sinking Fund Commissioner Instead Of this however
find the Board of Councilmen, from which the public
expected better things voting epurchase the property
for s3200O0 twice the the Corporation to receive
for it, We should like not feel assured that the Board
ofAldermen would confirm this gigantic swndle, yet
there in that body corrupt spirits there danger
However, if The report ia confirmed the Controller will not
recognize it, lie he's already thrown out sufficient legal
objections destroy the whole scheme and TO his vig
lance in this and many other matters OF similar nature
the public much indebted What be the object in
certain Of The COuncmen conending for repurchase
this property when it generally admitted by legal gem
tlemen that the sale to Loveoy was invalid The land is
therefore yet the property of the Cy II looks very
from the present complication OF affairs though the
claimants have discovered themselves in critical position
in regard TO Fort Gansevoort and anxious dispose
of IT, But what can induce the Councilman grant them
so large donation In the face of all the facts above
presented the Councilmen have adopted the following
report:
The Special Committee whom referred the fol-
lowing preamble and resolution, VIZ:
Whrer The property gene Ally the Fort Gansevoort
was disposed by part Sinking
Is 10 Reuben Loyeoy Draper Joseph
Ssrnun under circumstance advisable
validity Of the sae and whereas the guesroso tile Is now
and be determined for number OF year,
and
Wheyeo property dispute greatly needed for public
poses. therefore
Thai he referred TO Special Committee 20 confer with
parties Calming the property in dispute the possibility Of
the matter such manner as to recover the properly
to lie city. Respectfully
REPORT
That ihe property nhder ns ISss =, oh
Ioveoy o The gross hundred thousand dollars
lame WIN o % y 49,. 49,, ~ - -. ,ao ,,vi,oa NJ, Var
un s svS Snnd him wei, dpesed 10 sell to the Cor
poson n portion of the property, prices regarded BY him
moderate aa sa.s On .ne sun 10 M ~; e , lux
purchase made and especially OF u As mas 'ne H'AnSse OF
water front ~. .. - - fam NJ y.rorr,
ak OF proposal were submitted for the consideration
OF your Con-. @ u tbryein ~, with but nconsiera
bic ssoe s. OWNS NANNY as YOU III w. ri,v be =, s,
OF nse Ie ssa Ps.',s7, VIC are ave. 80 | '' ~ ~
Anehf nt PROPOSES 49, re o,v o, hi, yyond sstv The
s mind Ahopsh he other Proposals are you
MI nos ,svoss th- Corponton in ihe entire
lar meaqie Una WIN hCa - t A. pssseS from the Civ
uso; r"h 's"e'e' "s"''' o" f'' i '
In lSo2 !, ., .o, s iii. o. h. ao,e may enpssr
to others did to your Committee sniy high II price
Especially does II SEEN 80 when sne I Pau ro m "a .d
view psi e eiS uaS e.r rsian from those CON
win az iiihe aIa unue . Co n,,.e nor sny
neeea VIII ~ s sa bo ,re ., 70 H.
would regard HE prce as AZ al diFoioIt'leu 10 'n P
perry TbI1 ca N me one, q, q, any mart Of their du,v 70
examination of the manner IN which me sale wa; G
feetsd when inc properly was aispsa o. Ia h %
themselves that appeared to be sale inde py ne
Of the Sinking Fund with al me sinSoIs o. "a" 70 hScnn
petition, largely increased in amount that II was AWARDED 70 ne
highest bidder; that the present hoae on 0onlS WIN ~, 80
awarded . - A. 80 .. .ou0;.,.a in the
doubt there DO not regard il to have