New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-02-10
SELLING THE MARKETS.

IMPORTANT MEETING OF THE SINKING FUND
ACKNOWLEDGEMENTS ON BOTH SIDES.
The representatives of the various markets,
elected on "Wednesday last Iat meeting in the rooms Of
the Hide and Melting Association, met sbOHt locoek
Yesterday at Frenchs Hotel After some time spent in
the informal discussion Of the points at issue they adj
ioulned to the Chamber Of the Board Of Supervisors
where the Commissioners OF the Sinking Fund Ioid an
open session. Mayor Hall in the chair. Controller Con
Molly Recorder Hgcket, and eXNayor Iavcmeyer were
also present Mayor Hall said he would proceed TO
cve the matter Of a great dcal Of misapprchcnson
which need not have existed, as II never was INTENDED
TO do thing than TO lave ir city Iee' od IRON
active participation III the market business. ii was
never intended 10 sell any o. ne MARIE popoIy
where the sale woud interfere with the puDic vents
The intention Of sale Of these markets was at phD-
ever purchased should agree 10 hiii'' mem III 'i
there could he udeIAtnd work. and the Commission
CTS desired to protect public and private Interests a1r
II has been said tlat ms was rotc Jol Tt ths Hc
denied lie concluded - saving he TOuid IKE L" bear
views upon me ume "he ah t4s lll,ti IA ' ~,
markets ehOuld he so-N hotN-r ny punG au'lo vi ID
lease Tie object the Commissioners had IN view was 10
retire from the charge Of these markets.
X b. Roosevelt snld he app, area On D,ua Ol sic Vi
Zcns ana of thUSr ut VINO were IN FAVOR o
understand thai the city had ever been IN tue market
bsne, a. ALL he here 20 request matters To fth"lh
hs they are now and before any change was Ildar ne
WI" w ON Nm -, i' fr He Onions Asoeefi,u said
thai the reform proposed was most Important ana
v.luall t and one in which the Citizens Association ad
icS ION am interest II vac demanded by public SEN
tpeIt aud the following reasons; The value OF the
f Ee yrenr had never in the last .x
49, ~ ror ,,nch over $50 COO above expcnses This
property should bring III seven PER cent upon Us aua
non or s9jOG9 Therefore there annual loss to
Inc civ ON Tins account Of 100000. Beside tlis. these
markets, il in private hands, would y taxes to the city
amounting 10 si50G9 or saC00o0. TGas the City hoses
altogether SO0GU annually by this bad nent OF ia
FUNDS Harty o. the bringing truck to this Cay
occupy stalls in the market. THOR original purpose has
neea lost. The upper part Of tie cay Il DOW FED by
small supplied nom the large RESERVOIRS Gown
town Il,re are BOO butchcr-shops mp town. aud 1908
carts are enL loved daily 10 carry the food mp from tue
markets Tie prices Of meats and vegetables are now
20 per cent gEer up Town tb1n at washington Market,
and an additional and needless burden Of S2OOOWO per
aunum is imposed upon the upper part Of the city by
this attempt 10 This aqutted machinery for the
djstrution OF food Pari, s twelve times the market
facilities of NewYOrk and Brooklyn. Eight hundred
and nifty thousand GOllfs worth per ahui ~ nrst cost,
is imported there and, although the first cost OF food
here j. per cent less than in Paris their superior mode
favor orc hundred dollars worth Of food there il
tailed for SPA The same quantity OF feed cots bgS ~
here, but Tetails for >lsL In Ph%dclpma, WIth hs
humorous and welpacrd markets, the average retail Is
less than the average New-Ycrk uptown price By about
Mr. Knapp Of Washington Market said in reply to Mr..
Ons estimate OF the revenues oi TIE ulafteE mat ts
fees from Fulton Market were Si5O ahd IRON le Get
lars Sells; total s59s or nearly 10 Ter cent Interest
on 5000 Gao. Washington Market and West Washington
Market returned S9i 44o, or ten per cent on 4OlWO
He argued that these properties comd NOT lee
worth moro than tie amounts named respectively, and
that, Therefore they cond not Dc salh 10 ne paying
poorly. The comparison in favor OF Pans wa TO Do ac
ented for by The fact That in that city economy was
matter OF necessity, and everything WIS used up The
markets in NowNork Here great cospoolr, because the
|
Mayor Hall said that the last statement furnished an
argument III favor OF the elt!s retiring, ana that he
failed perceive how change ia the ownership In the
markets would interfere with the rights privileges Of
the narkctmen. Mr.. Knapp said that ho had spoken on
the presumption that the markets were to be torn down
and removed. Mr. Cornell then made an argument
against the legal right OF the Commissioners to sell the
market bodily but Recorder Hackett, presiding in place
of the Mayor who had retired decided that discussion
OF that quettiOn ont Of place. Controller Connolly
said that I've understood H. the object OF the meeting
was tO draw out public opinion upon the subject Inc
Commissioners had always kept In view that the rights
or the InaTketmen should be projected, and had named
three wellknOWn gentlemen 10 assess then claims Tor
damages.
After some further remarks from Mr. Roosevelt and
an expression of thanks from Mr.. Knapp, Mr. Walsh said
that as one ~ the largest dealers in Washington Market
all that ne had 10 ask Of the Commissioners that the
property should he sold leased subject to the cOnd
lion that should still be- maintained market property
and he believed that this would give general sat
isiactiOn.