The New York herald., 1871-09-14

That is the question Let me read section ten OF the
act, wnicn Is conclusive on the question. II there
could nave been any doubt about IL. lt Is er d0Hn-
dante cancelo. From that extract 1t Will be seen
tnat tnere cannot be shadow OF doubt upon the
gether aid one another, yet the Legislature actually
went to the trouble Cf expressly specifying that
any way aaect the power and duty Of
the city 10 issue these cOnsols. Ana that
the other side alleges to be- on the part the city
government, violation OF the law. Now II that be
,et no ro.o :, "A VIOLATION VIOLATION OF THE LAW Won. uo,
iet us note IT, present my views to Your Honor,
SSe Your ,,.Ii MSs 'ts @ @aass SssMsss
can only say that II it can % be argued successfully
that there is any repeal Of the Two Per Cent tax law
Consolidated Debt law in spite OF the fact that both
sections Of the law stand together and in spite Of
the TACT nat the latter law does not impair the effect
or IN any way touch the PROVISIONS OF the former,
then l say thar the sooner we arrive at new
tysaTss Wa31dss Of the State law ana set aside
on the subject Of our aws-the sooner we turn over
. new leaf the better. Then there would be no
far as this claim Is concerned, and which Your
Honor will see developed in the complaint, folio
ton against the city government. that bonds to the
extent OF 600 have been issued under the Con.
SSa0anon STOCK DC 1 scf and under the authority OF
authority aud IS Compulsory on a the CIVIC ocias
legality Of the issue Of what is called
REVENUE BONDS.
AND, hrst your Honor, am satisfied that Your
Honor understands what these revenue bonds are.
These revenue bonds are Issued In antlcipa-
ton of the taxes to be collected Tor
Your Honor knows that there is no possibility or
collectlng taxes by magic, and that q considerable
time must eapse before moneys directed TO be levied
upon individuals Is paid by them or finds Its way
Into the pubic treasury From convenience and
from necessity 1t has been the practice Tor many
years to issue revenue bonds In year. payable
soon as possible but generally IN the next year, on
individual taxation. My learned friends object TO
this proceeding In this particular case, ana say that
there Is no authority for the issuance OF such bonds
AN ADDITION OF SPICE.
Mr.. BARRErT-We did not object, sir; we did not
object. never said so.
Mr.. O'GoRMAN-Oh the clouds are clearing,
see.
MIR. O'GORMAN-0h thought they were-but
Wen see. My friends then, do not object to our
issuing revenue bondsg
MIR. BARRETr-We never did.
Mr.. O'GOaMAN-Then the clouds are clearing.
Our friends say that they do not object to our ssl-
ing revenue bonds, and will pass that. WIN you
now say the same as TO the issuing Of bonds under
the Consolidated Debt acs
Mr. BARRErT-We object to the raising OF more
money for the current expenses Of the government.
clearing You intend to say, now, that you are not
opposed to the issuing more bonds III any shape,
although this morning you were opposed to our
doing so. l must compliment myself that 1 am
carrying my points against my adversares; nay,
trust that am not failing TO carrying them also
with the Court.
Counsel then referred to the issuing OF bonds for
the general improvements OF the city-the parks,
boulevards, CrOton works, &c.-and, not having
concluded his argument at the regular hour for the
Should resume on the opening OF the Court this
morning.