New-York daily tribune., 1858-02-06
PROPOSED SUSPENSION OF IMPROVEMENTS
In IHE THIRD AND EIETH WARDS.

The Committee on Streets, to whom was re-
fencd the petition of number OF property owners
in the Third and Fifth Wards, asking I'm view
of the general depression Of business for suspension
Uf the proposed Improvements on Reade, Duane,
Worth and other streets, until the lst OF May, 1919,
met yesterday afternoon for the purpose OF hearing
additional arguments for aud against the measure.
a series of resolutions adopted at meeting held in
the Fifth Ward in favor of postponing the com nence-
ment Of the proposed improvements until the lrst day
of May. 1859. and petition presented to the Common
Council to take action thereon, in accordance with
the wishes Of the memorialsts, having been read by
the Clerk,
PETER S. TITUS owner Of property in Chatham
street corner of Pearl in favor Of postponng the
improvements or even discOntmung them altogether.
lie considered the assessments all wrong. Ihoy had
run the assessments down to his property, which he
thought was unfair. The expenses ought to come out
Of the City Treasury. Besides, our merchants, our
CITY, and III, General Government were bankrupt.
i. j. Potter desired to know what the petition
was for, as he appeared Tor number ,t property
owners who were Interested, and Wished 70 nave inc
inDroyemens made. The matter was now before the
Suoreme Court for confirmation, and if any person mas
objections to make against the proposed improve
lnclhs let him make them there. Every one has
right to GO before the Supreme Court and remonsrate
there ainst the confirmation ot the assessment. lie
differed from Mr. Titus regards the financial condi-
ton of the country. He thought the country was
ncvei in better condition than at the present time;
was all nonsense to talk about the country being bank.
ruJt-there plenty OF money lying idle, ready for
investments and the city would be benefited by the
completion of the improV ements contemplated.
NJ. L.. LIHNAN of No. 400 Pearl street said he had
been assessed sol for improvements 70 be made IN
Duane street One Of his ncighbors the same side
Of the street had been assessed Ike himself, while
those the opposite SIDE of the street were not as
sessed at all, which be considered al wrong.
Nr MCCCHDY contendeu that the petition had
nothing to do with the assessments. 1t was for the
Committee merely to determine whether, under the
present state of business the proposed improvements
Should be deferred for one year. a1d not go into
firaiy irra Ia tfe,1t thqt
meeting held in the Fifth Ward, called by some
body who passed certain resolutions and sent them IN
TO the Common Council, requesting that the improve
ments be postponed. They comprise four OF hve
Streets and differ very materially in their situation
that while the petition may be just as regards pro-
posed Improvements III one street, might be very un-
lust in another, and to unite them would also be UNJUST
Without nqulrDg into the expectancy OF tue Improve
mepts the Corporation has granted the night to make
them in some two years ago. The petitioners
urge thai circumstances nave occurred which give
good reason why the Corporation should suspend te
operation Of the aw and they 80 report to the Cor
pOratioD, and there nothing else before the Com
nittee; but the Supreme Court has settled the
propricty Of these Improvements. SO Tar as
be all very proper, but in relation TO Resde street
Isslo not know anything that has been or can De
| advanced TO stop the improvements in It, In the
hrst place il is asked 10 suspend the improvements
on Tie ground Of stagnatlon III business, kc. From
the tenor Of the resolutions read it appeared that the
| appncaion to the Common Council for a suspenson
ol the Improvements was made when our city was In
avery disturbed and depressed state, and II mignt
then nave been very proper to make ii bat there has
| snce bttn quite change in the financial affairs Of
| the cltv. lhe money panic has all passed away
there hes been an entire change Tor the better and
he wac lawyer, he thought he would ask
for a ponsulti and if suspension was thought
advisable in the matter of Duane and Worth streets
X ade r,et should be exempted from any operation;
the principal property owners there did ure
pension, and certainly the city interests required that
the Improvements should be proceeded with. de did
not think that majority Of the property owners ON
Reade street asked wished for suspension Of the
mrroy ement. He believed that they were situated
a. not to desire or require such step to b, taken
There was class of parties who would be great,
| d;scommodtd by suspension Of the improvements
tbose who had rebuilt hrst-clsss stores the stree
and stt them back in conformity to tn
nroposed line Of increased width Of the street
Gpwsrd Of two years ago, the apple aSn ior me pro