New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-02-01

down and let the draft comefor we powsrsss Oa1
IL the Legislature viii give US the power then there
that il will fill the quota of this county, but unea
these things put In that shape DO not see how "
can do anything.
outside Committee would be q very desirable auxiliary
for think we will have plenty to do without running
bopds am l Wiling to agree With the President the
Board that Committee should proceedto Washington
II he takes that view then another portion Oh the Boe
must 20 to ALBANY and think another portion had
better be Committee to II they cannot get upe
Committee Of citizens who VIII faclltate tne taxing OF
bonds But, whatever we do, we mast DO II at once;
Supervisor PURDY-The suggestion MADE oy nf
Stewart meets my entire concurrence. believe that
the issue OF small bonds will secure the SAFE OF srge
amount which We shonld not otherwise get yoS
issue bonds az low as S25. you will lind hundreds q
people who will take Them you will find thousands and
thousands who will embrace the opportunity purchase
them.
Supervisor ELY--I would 20 still further than the
suggestions made by Supervisors Stewart and PurdI.
am opposed to placing unlimited power In any board
II th act SHOULD pass as 20 b anS Sowes 30 san:
bonds to any amount that they might deem proper ana
the effect of the passage Of an act Of That sort would Do
TO reduce County bonds to Is cents on dollar think
we have rolled up bonds enough and would like the
power tax people for the amount necessary TO relieve
us from the coming draft. The effect OF that power
would be prevent the selling OF bonds. Hhen be-
came known 20 the capitalists that this Board OF Super
ysors could at their within increase the bonds TO any
amount il would decrease their vaiue largely. And
X.
home 10 the people. think II would make MS more
economical IL we were compelled to go before the peo
pie annually and take from their property by taxaton
the whole amount which expended. would, there
fore move that bill be prepared asking the Legsla-
ure Of the State for power to add to the annual taxes
sufficient amount to cover the expenses Of renewing tns
city from draft.
Supervisor PURDY-On the spnr Of the moment an
not prepared to sanction doctrine OF that KIND; 1
think the attention Of the people sufficiently called 70
this war and my friend will find it So They have borne
tIo snffh he Il
will continue to do until these people In the south
whipped in to obey the law; Until that time sh.il
have arrived, for using all the means In our power
to effect object so desirable.
Supervisor STEwART-My idea is TO do as they do IN
other counties in the State There. when unable 70
raise the money, they give the man instead County
bond payable IN less than year; 1t Is just Wnat tne
Supervisor has spoken Of Then, If the capitalists WIN
net come up and take the bonds at par We issue tnees
County Revenue Bonds In anticipation OF the ooectloh
OF the taxes They would probably run for from egns
TO nine or ten months do not think 1t well TO rase
the whole sum by tax In one year. There might pc
clause in the Act that these bonds shall not be SOLD TOT
less than par and bear higher rate OF interest than
seven per cent DO not let the gentleman trghtenea
at his own shadow In his mode there Is Dut one ways
that ia by raising the whole amount by direct tax.
That is what our people do not want. they DO not
want their whole revenue from real estate uSed ny i'f
one year. .,.
impress upon the gentlemen and upon the Board IL ths
that the Board of Supervisors ask unlimited power 70
issue any amount OF county bonds that they think
rIpper az their discretion think IL is too great
power 10 be vested in Board. and wanted, pos
sble TO inaugurae system by which portion oil the
burdens of this war should be placed upon the taxes Of
the people We know that the expenses Of the City and
County increased enormously but 1t has been an
aged By borrowing and carrying bonds over from year
10 year so that kept down. think that any
additional amount that now ask authority 10 raise
should be taxed As j understand II, we are now apph
cants for the authorization OF Tour millions OF uoau
already think if the Legislature legaize these two
ordinances anything raised beyond that should DC oy
tax. . -,
There is another point to which shal can attention.
II is this In the first portion OF supervisor Bunts
speech he said that OF two millions of dollars which
were actually authorized and egazed In lsb5 iess than
one million had been raised; therefore there exists In
this Board the legal authority to raise over one million
Of dollars II have this authority and four or hve
hundred thousand In cash. and are before the Legsa
ure for authority TO raise four millions of dollars do
think that We need ask Tor su1noity 10 raise any
more money at present.
Sureryis6r BIISr-I cannot think it possible that the
gentleman does not understand my statement. Ths
Board of Supervisors passed an ordinance TO ree's
drafted TO the amount OF two millions OF uoian
They proceeded and expended about four hundred thou
sand dollars and did not raise the rest OF the money;
but at the end OF the year when the new call was made
they asked The Legislature 70 allow them to raise tnas
money and they used it on the next CAL III this
Board Is empowered 20 raise as mnch money ~ they
need from fine 20 time they this city from
draft, they cannot do 1t without IT,
Supervisor PURDY-This limitation IS virtually saying
the Beard Of Supervisors that the people cannot trust
them. Now the people have to pass upon our sots
yearly and doubt very much whether they would be
grudge 10 any such power II the proposition that my
friend makes here TO have the effect OF killing the
whole project ~ saving the state from draft then
certainly shall vote against IT, l say now that tie
taxes OF the County OF NewYoIk less burdensoms
than those OF any other portion OF the State.
I hope that the amendment viii not be seriously en-.
tertancd by the Board. We are endeayoring 10 act
promptly aud efficiently snd are acting in an elner
gency that probably viii never occur again. Hope that
the worst prt Of this is over rus, that my friend
will not seriously press thls amendment because, If he
does, IL must fail
supervisor TlwAar-Supervisor Ely has made rs
marx in reference 10 the credit Of the county that
shoud be allowed to pass without reply. He save
that running this machine on tick, aud he il
fearful that It's credit viii Ign dOgl
Snpery isor SNrrn--lhai il wont tick
Supervisor SIEWARf-It appeared IRON calculation
ia tho ComptrOers report of 10 that .le city and
county revenue at thai tme would pay the entire IL.
debcdness Up Of the city and county by year Is9s Che
revenues have since increased, and leave surplus in
the Treasury Of eighteen millions OF dollars That debt
has not been increased except by emergencies growing
ont Of this ana the great commercial city of New
YORK must expect 20 bear of the burdens OF this
war II little county m the interior can bear debt
of two millions, do nli know how much the city
OF New York can bear. It = wrong to make such
marks about the credit OF the Comfy: ! believe the
bonds Of THIS County bring premium to-day even az
Six per cent.
The amendment OF Supervisor Fly was lost.
The preamble and resolutions we're then adopted BY
the following vote.
Affirmative Supervisor. Blunt Dsvs FoS, Puriy Roche
Shook Smith, Stewart, " .lg..nu AID fwecd-lC
Negsive-suparyisor Ely--i.
The President presented tie following resolutions;
Refo'tcd Tha, supcror. B.aat Pordy >hook Fly
Whitman and OK be eud hereby ppoined commit
authorities, War Department @c as TO IN quota Of lob
called for by the Provost Nasha General, under me
proclamation Of the President OF the United States Oecem-
ber. 1901 for 80 COZ for Sic armies OF the Union.
RIol,cd That Supervisor smith Fox, Davis and Roche oe
and are hereby appointed mr" 10 proceed 70 Albany
Oh. the ACf to cufi0rse