New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-02-03
forged without any remedy under the Sstutss prov,a,.
The notes of ~.

forged without any remedy under the sts.utss prov,a
against CONTRIBUTING The notes Of this character issued
other municipal corporations have been forged ard iatsd
snch that pablo faith in such woud seem
have entirely lost and they generally refused bv
The business cogmunitS In anticipation Of the proposed
OF noteS by the city extensively prepared countees
ready to be altered been discovered, and have no
doubt general system Of countrtsins them would sOOu BE-
especty a'k your grave confederation Of th Question
II presents principle inp9tart Ia IT. present application
and eth nols inpoltlt II Is u DC P'eceush iot utars
have refrsped from expressing auy viewsi in regard
be wholly within yonr eg.4l-tve discretion, bit wogi
respectfully submit to yOu in view Of tee present sbp1asat
supply Of fractional currency by the General Government
of The prejudice that EXITS in the public mind ia TeRd
to all other shaugo notes whether the pubic demand in
s respect Is ut oay fnly met but whether there
also strong probability that the Corporation bills, II issued
would not BE- taken dep9st, to any considerable smouEt
And in ills connocti,- r-ms ttet tho aoprops
ton OF $4,000 ~ cary the ordnsncs into eheo wholly IN
adequate have i4yited etiiIats q toe pr.anr cos Of
engraving suitable paes md putting ntes OF tire seYea t
Nominations qroyi!ed ard ud that a' expense aoGe viii
exceed $780, aud ti does not include tue expense . os
etaied for ceri al aud other assistance in carrying the pro-
posed extrn'iye system uto operation.
hass siP come tue CONCLUSION u decline to execute The
pot q ground known TIC GaDsevOot property gov
enea oy t9e ZANE phucpe OF duty tbs Question: az upon
thai to which aVe referred a. length.
1t gyy alleged that the title this property no. In
the parties nom whom is proposed 70 be purchased AID
while prepared say that the objection /, valid
equally unprcpafe1 TO decide that It shod be dsgee4rdd
end tho large amount II the proposed purchase money paid
on. withou. a judicial determination Of the que.,ion
have concluded 70 decDe psymen. on tic grouud Of Oh.
ec ion 10 tue suicisncy Of title Ih pstss to
tllsis legal remedy.
protection Of the city ard IL tn,y have not they not
eltiied the money dem 4nded. il ia proper for say
that do consider the proposed to be paid to 90
greater than the present ysue Of the properly hss tas
premises are not wei adspted to spubl!c se,.
So learn the fcts upon which the question Of
title arises would appear taat IA " about The yssr 1857 the
property then being owned by the Corporation struck
of by Joseph r. Taylor then CONTROLLER TO Reuben LoYeJoy
this city the highest bidder BE assigned his bid or
directed deed made out, to Mr. simeon Draper whe
men officers Of the Cop9a;ion aud t9ae
ts,ed purchase from the City This disqaiaco Bang
discovered Nh Joseph Is. VsGun was substituted f1r MI
Draper anu the deed made 70 him Il IS eeimed th tue az
t.rycnon Of Nh Draper made the wh9e transaction nYad
II alleged that the bond aud mortgage given for par 81
the nncha.e money was not executed accordance with tho
terms of sale the interest specified In tbs bond beiog TX per
instead Of yer cent as stipulated co "os
slider that 10 question affecting tie title The topfolsr
should NOT have received other than proper DVn ano
moesge the City could have at cay time eompehso Per-
forrnaEce Of the Of SAFE Ia this respect:
Ihe substantial ground o. objection Ne that peented oy ne
appearance Of M Draper In hs TRANSACTION saa upon tns
srouud base my refusal tn comply with the resolution OF
your honorable BODY diectn: the purchase All oil "nea
!" '''r''''1'' MATTHEW T. BRENNAN Controller.
The reading having been conelcdedy DR. BooLk,
evidently non-plussed, rose, aud, with an uMpn ana
peculiarly sardonic grio, said
Mr. President, and 30 the Controller refuses 70
issue the small change notes simply because they
nav be forged We II see about th,s matter. Con
corning the other matter, he was conyiacsd that $40
purchaie Of tie Fort Genesyoort property vas
desirable for the benefit Of the city, ANA there was
no qucstion whatever rs to the validity Of tie TIE
IN the present owners. They would Investigate tho
subject He moved in order that iull publicity
iiht be given 10 tue document, tina. il be published
In all the Corporation papers ard IN me HerA9
ard atlas. This motion was carried, ana tue boaru
coon after adjourned until next Monday.
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