New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-02-03

Board Of Aldermen.


luton, which was adopted, that inasmuch as the
publication of the Corporation proceedings in several
Of the papers now employed is unnecessary. that
the Committee on Printing and Advertising be
directed to report at their carl est convenience
plan TO economic reduce AMI select proper papers
IN which to publish such proceedings.
A resolution calling for the appointment OF q
Committee of three TO examine and report such
information az they may be enabled 70 obtain touch
ing the administration of the affairs Of the Street
Department, during the tendency OF the contro-
yerav for the coutrol OF the Office by Messra Deyen
and ConnOver, was lad over.
The Special Committee, Of which Mr.. Jeremiah
was the Chairman, TO whom was referred the com
muuication from the Controller relative to lands IN
TIE Civ Of New.Yotk cl3imed on the part OF the
State presented a repor, with resolution dlfectihg
she Counsel TO the Corporation TO prepare memo
nal to the Legislature OF this State for the passage
Of an act providing for granting TO the CITY OF New
York release of all the property, ground or SOL
of the Hudson aud Eas, Rivers which has already
been in whole or in part filled in either by natural
deposits or otherwise and which lies outside OF ana
adjoining the grants made TO the Corporation OF the
CITY of New-Iork. The report and resolution were
adopted
Mr.. Loyo called for report from the Committee
who went 20 Washington and Virginia TO procure
the body OF Adj. Lulz OF the lJ2i Regiment.
Mr.. BooLE, the Chairman stated that they would
have reported before bu they were In pOss ssion OF
secrets which could not be made known. Since me
return of the committee there had been revolution
down there, aud ms the ban of secrecy was now re-
moved, they would report at the next meeting.
A statement OF the condition Of tue City Treasury
was received, showing Il balance in bank, Jan. 81,
o: 81 ,S6S,OiS IL. 49,.
the Board Of Councllnen, at salary Of 600 each,
was laid over.
COMMUNICATION FROM THE CONTROLLER.
The following important and Interesting communi-
cation was received from the Controllers
CoSTRoLLHas UpFlcs, Fec 2 1888
To ne IoHo'a1!' he Common Council 81 "s CIV Of A'r'
GFvrLfmE1: The pressure Of the business OF the
Finance Department sinco accession to Office has pre-
yor honorable body providing for the issue Of Change
kotes" for the fractional part. OF dollar 20 be used a. cur
brought 10 the c1nclusou would be violation Of aw
TO execute ia proy!sDs and therefore respectfully decline
cary item into elect 30 far as this DePArmen. en-
feEr, to Tins early encounter serious difference with the
si,a,ve department Of tho City Uoveinment Dat, enter
ans clear convictions OF duty on TINS question ana deem
n precedent OF gave to the public interests
The executive Iep eut OF the City Government within
hcr Woyioc have eqal responsoiity wh TIE legislative,
AID executive odti con 'nie.i .,ll oa re- on.iolty
for doing Illegal set uade any ordnance direction or
authority OF tie Common CouucL
Mile Therefore shall icy claim 10 sit In judgment on
the wisdom and oxedo cy of ts or my other nesf- rs
those conde aons wholly within the rsissv" discrc-
finn
anon lie question Of legal power authority do any given
act which may be called upon 10 p"riJTn.
Upon these questions shall exercise no doub fol powers.
and II err It VIA be the side OF the law and, trust OF
cautious rtudence. c0asder 10 be ny outy 10 ~ before
v0ur honorable body the sound- upon waicl f9'nd nay
10 regard 10 the oId uadeF con'lGefaIoa
Tue ordna Directs the Controller to cause TIE necessary
JUS be prepared and engraved and 10 procure ia" n,
lng Of notes 81 tue donomnAtohs o. ave tei "ouyh'e,
and NM oou amount not exeeeeiug three millions Of
dollars
These to be payable on demand TO bear the sGua
r- Of til. Msvor and Controller and be
Chant srsn VINO Is 20 be charged with the same as
with tho otLrr funds Of the Co -pofstou
TIE be receivable for all debts and obligations
the CORPORATION and are to D. 'ued 10 al persons de-
airing the for eifc"oton ~ "m - not less tan ave
dol are who shall dspost VITA Tie CLGmbonaiG c4neut
funds tts AuOept desired Tns Clm,crlAH is reqred to
account u the moneys 20 deposited Dad such moneys
are TO 10 held Ia fund tor he redemption Of the
notes except Eat the Controller a.hJIad to ,Her, fryu
time h tie Temporary loans 81 TIE Corr oiat' p0r
non OF tie money! ~ hs ChllDena but
exceeding haf of tue aou 10 his hand the b. alee 20
rng b. hs custody OF tie CaaIbeau io tbs redemption
On a.ion Of these notes him In sums five dolars
or tho mud.c, thereof the Chamber ain Is reqfed 10
deem t4ru, aid Tor augtt tAM y a. T. tHe c'pta y,
uay resue tem from uuo to time, gut they are nnab
caiei Ia Dy tas Common Council CONTROLLER under tie
Irp, ii,n, 81 the OIiiuancs
Assuming tho schoe be prati able, and to, thsse
viii be goIed by pub c money, tue result -ouid be,
hal he ofoia.n would at ouc~ aid l. tue pluseut enor
in.u.y ,1oe.,e Taper currency, ree lions OF dollars OF
au uai rotes Of tie mo ooje ti.uaJe deIoni alton.
Gao i9u and bal, dollars q the caltil thereby eaized
would no Ia tie hruds OF sne IhaIctltn u redseuing
fno aud bs rrnsniug y i.O1CuU would DO eu loved ~
Tie operation aid iu carrying tDe CRY Government
Ih, IN NY judgment, il no eIerci'e VI banking powers,
much tAc bills proposed to De issued, "re !'f Tie
den0iu OF i've doaIs and upward AMI che capital
specially undsd It Is wholly forsn to tue objects and pow
aipal corporation, requires bat te enlarge
uiens % Introduce peeous aud dangerous ,ytsm Of
oauNg speculation me credit Of the cy, which would
every shcguard Tor the pu0ic projection ssnst ex
csssivo expenditures 800
foI nation of 20 cetta, It do Tor deno
iuutOn t. the .xtcut oi SJwOO there need oe no
imitho principle /, tlr ssmr-and toeo uurs cau DO
smdy Issued the Common Council may deot taai they
shat received 10y all persons hbvns cais upon the Coz
poraou and city authorities soud 10 -5r6eI 3
once sy-te OF HuItrss cedt aud liuteas expenditure
Al ordnance of the Common Council may create capital
fat be engraved aud Pnted. cad cong toms
net difficult 10 see tntt tue Iean undtt uhaS'iinc lnu
might prove dangerous not destructive 10 the ut
mHt0 credit aud pro prTlty VI our clts
The prime advanced tns ordnance Is now for tho hr
time asserted 10 has before been prt mod that
such Authority exits either by general grant % special
stlgts In City Covermeut and In my Juds ent It Is
not only violation Of tho implied retions, but OF the
express provisions Of the tstes a tho states Oh tue subject
OF banking and clculaug notes. ILese Atues Clearly denue
the class VI cOfporaoUs which may issue notes Tor ecua.
ton aud have established special department Of tho - e
Government vested with the entire llsdctn OF the sub
iec including the printing and codniel Of ALI Iotes or
public Circuson and providing Tor adequate security for
the protection Of the pubic inerest Andh provided by
statute that corporations except sncn erpress
authorized by law shall issue any evidences DEBT
put In circulation money aud heavy pecuni.ry
penalties impo5cd for violation thereof Eebdes II the
Corporation possese. power to Issue circulating notes at ALL
ths proposed denominations would appear to be Ia violation
OF provision OF tho ttao which expressly prohibits
tho Issuing any bill or pr0m0ry note OF less denoina
ton than dolar-2 Rev. stat 9TH Ed. 5l2 See. 20.
ctnnot but regard the measure Ia whatever Sht may
la vi we'd IN being wholly without the authority OF law
wrong In my CONCLUSIONS your honorable body have
the of correcting my 10y application the
judicial tribunals 10 enforce the execution OF ,hs ordnance
In event, should your yivws OF tho exppdency the
remain unchanged IL would DO desfase TO obtain
judicial settlement oi tne question of legal powsn
would attended with endless evs tnero would Dc no ne
icen legal protection against aud aud the migh. b