The New York herald., 1866-06-30

Meeting Of the Joint Committee or the
Common Council and Commissioners
- Sinking Fund.

~ - gsa.sss..st X. se ,oaE,s 81 conr,fon
'9s stie Ngei s,b
Meee'ea ..elNaea -.Y.6a .A
Commisss- Aak ea 7at .a8
advising that the ~. l-e bt III
designated . certain map . 's sa rr.
be sold and conveyed 70 the United o.
q site on which 70 erect United States Posi- y.
Court House. be used by tho United States
for said purpose exclusively for the Of i've hundsea
thousand dollars the conveyance to contain provssos
that nshouid ever 70 be used for the purpos
speoned the title should and b renvested IN
the Mayor Awmen and Councilmsn OF the city Of New
York.
Alderman vARHUx aid the committees seemed 10 b
unanimous on the prcpry Of conveying this ground -
the government and that Tia resolutions Of the Common
Council recognising the propdety thereof were pasd
Sssn ss sS Ss only rs
tanning the Post once where t 10 BY cxens who -.
jecs 70 any further building in Tho Para few wsss
desrous that the Post 0ice should be further up
Madison square, for instancebua very formidable
opposition had been heard Of on any Of hse groundA
terms the land should he csded tho United States an
thortes In Boston aDi Philadelphia ground for post
ONCE had % Ss,n presented 70 the he ~ sns
should do likewss because the Post Once here was In
general dsr bnting oce for the whole GOWN
try II could not then, be expected TO provide accom-.
modaon for extensive object anv more than for
the Treasury Department or Custom House. II was
nOW0v0r unurnlani6 I
all citizens TO have an appropriate building ct an 90
cessbe place. and the property should be ceded Tor sucn
purpose considerably less than what could be obtained
for Ii Il sold for private purposes In 1859 the
Common Council authorized sale for $3.50, o0O.
and no objection was prominently made either 6y the
press people. It was mistake TO suppose that BY
sale at $500 900 the city loses tho difference between
that and the marke, vsuc. II Il consisted o. lots which
were at any tine likely @ be sold for private PURPOSES
such an argument would have force; but no one over
imagined II would go. The alternative, then, was
between receiving $500 600 and fine public building,
t.ov vJorL dnOn nd =
this purpose II would either remain In its present con.
dilion be taken possession Of BY the railroad COM
wi hout having anything We are making no sacrifice,
accommodating the government, and are half
million dollars better of than we would otherwise be, by
sellng II 10 thu government Complaints bad been
made Of the way IN which the Common Council gave
away lots to charitable institnton ons. and he thought
would have been better TO have sold the lots given and
presented them with the money. B ut no such argd-
ment would apply 70 tins propety for he did not think
they could cell II n they wanted TO do so.
The CoMprRo, sad-If he had power TO sell It TO-
morrow he cond rot 91h00. 900 for It; but he did NOS
expect that he would ever have the power Of doing g.
Under future contingencies the value Of the property
would b. grcatly enhanced. Some time since It was
proposed 10 ekman street through Il, In which
case tho building sites would soil at vtry high prices
it certainly inn obnbc but no one could say what
wond happen In the future.
Alderman (sivSs remarked that II the property was
not used for e present object the time was not far dis
tnnt when portion of would he cut on and given -
the raj road comranes and he was therefore 10 favor q
giving this piecc TO the government at tho sum mem
Alderman vassux said the Park was the most convs.
nent part Of the city Tor the purpose because was
the most accessible nine lines Of city railroads term
mating There not TO mention all the stages that passed
by Those who talked Of the increase Of the city mp
going 70 he deserted But the rrs. susnsss must Con-
tinue 10 bc the Intersection Of the river with the
tnue the Custom House and Trcasury and In tha1
quarter OF the cy moro etters written every rV
dent. are 81 s VIM s.op sOd
Iarts o. shs country y easily transported 9
this point and tcnce distributed readily 70 othef
stations than from any other part Of the city.
In repIy question nom The Chair, Aidsrmaa vAR-
ns na %
the other parts " the Untcd stairs derived from ts
rs M q % :s for s!e s s
probability Of snch thing occurring; for II the propo.
stion were ever brought forward there world bs sash
oppos ion made 70 II that the Legislature would noe
ment more than we get any other way for IT,
value Of tho prop ry IN the neghborhood the gov
ernment would put up Al ornamental building which
Alderman McCmus said he never knew question thas
received general assent - this did Every
psy sssd m suppos. tn. city shoaS
become bankrupt, this was not one Of its assets.
The CcnrRoI'xH answered-H ever that happened
required 10 hquidats tn debta
Councilman HsrLoeAH said that the other portions %
tons Of mal mater which passed daily through this Pos;
Onlco only ono fourth OF u was for this city
The CHAxHxR'A asked II tho government had made
offer OF $500 900 for the site.
The Co~rrRoLI answered that the commissioners
the part Of the had ntmated they would b
willing TO give that sum.
Alderman v.R un then moved that they adopt TIE
resolution adopted by the Commissioners Of the
Sinking Fund
Councilman MArKAy moved as an amendment thas
they sbstuts $4,000 for $500 900 the consIdera
ton The United States government should act 70 the
city they would 10 private individuals and he thoughe
as the ground was worth million and half u was suf-
1cieut to sacrh Q three quarters OF n million.
The ConrrR said he was ANXIOUS 10 get ~ much
for the property tn could But the committee from
Washington said n than $500 900 asked
for the site New York would lose the Post once
Tho Post Once authorities had two millions Of dosrs
and they proposed 70 spend million aud half on the
erection OF the building.
Alderman vARHUN proposed the Common Council
and the Comm ssionors of the Sinking Fund were n0s
agreed upon this point a present. that In order TO do
the chairman Of the meeting and the chairman Of the
Joint committ OF the Common Council should hold
consultation and endcsvor 10 hamonize the difference
II was subsequently, moved and carried that the meet
ing adjourn untu twelve O'Clock to-day In order thae
M Low and Postmaster Kelly might be notified 70
meet them and como 10 mutual understanding on The
subject
The plot Of ground for the proposed she marked
the msp extends from the narrow point OF the Park
three hundred and seventy Ave feet back Broadway
and the Same extent Park row. and In three hundyed
Ind Aeventy feet and two inches scros the Park NE