New-York tribune., 1873-05-27

ally, and was yesterday the subject or debate AT tne
sessions of the Committee Of One Hundred, the Com
mittee of Fifty and the Common Council. Their
action is Endorsement of what has been stated in
The TRIBUNE; the Common Council so far receded
from its action of two weeks ago as to condemn
the provisions of Mr.. Jacobss amendment, and
the other two bodies went farther aud
requested the Legislature to pass no bill that would
relieve the private stockholders Of any portion of
their subscriptions, and recommended that the full
payment of the amounts subscribed should be in
sisted upon. As evidence Of the excitement which
prevails in Brooklyn it mag not be amiss to state
that the demand for last Saturdays TRIBUNE was
great that the supply exhausted by a. and
hundreds Of persons inquiring for that days issue
were compelled to do withoutit
THE BRIDGE SPECULArORS DENOUNCED.
EXCITING SESSION OF THE COMMITTEE OF ONE HUN
DRED-rHB LEGISLATURE RNJoNED NOT TO
SANCTION THE WITHDRAWAL OF THE PRIVATE
STOCKHOLDERS - CONTROLLER SCHROEDER DE-
FENDs ms OWN ACTION.
A prolonged, excited, and animated discus
sion took place. last night at the meeting OF the Brook
lyn Committee Of One Hundred large number Of
members present, and it was evident before the
proceedings opened that the proposed legislation
In regard the retirement Of the subscribers 70 the
private stock OF the East River Bridge would be the
chief topic Of discussion. This proved 20 be the case,
and 1t generally acknowledged, after the Committee
adjourned that the interesting discussion that had
ever occurred since the Committee organized had taken
place during the course Of the evening. The first
preston OF sentiment had upon motion made by
Samuel Mclean, in effect that the original bill drawn
by Controller Schroeder met with the Endorsement OF the
Committee. Before the vote taken Col A. Davis
said that he thought it only due to the members
present that they should vote understandingy upon the
matter that the should be read. He believed
that II 1t was thoroughly understood the Committee
would by no means assent to its provisions. Controller
Schroeder In explanation. stated that the private
stockholders had generally paid more than one-half
OF the amount Of their subscriptions the bill simply
offered a compromise measure TO enable the work 70
20 on Col Davis and George B. Harrington did not
understand It, and the resolution passed By vote
OF T. Controller Schroeder voting in the Affirmative.
This action subsequently nufied by the adoption
of a series OF resolutions, offered by George b. FArrng-
ton aud supported inssOme favorable remarks by Col
Davis in requesting the Legislature to refrain
from any legislation which would enable the private
stockholders TO withdraw the whole part OF their
subscriptions The resolutions were at first voted down.
but Col Davis, who said that he desired to put the
members record, moved that they be presented Tor
adoption rejection seriatm. The motion vas carried
and resulted in the adoption Of the most important sec
lions Section l. which stated that the Controller had
illegally Issued Brooklyn City bonds in excess OF the
payment of tae requisite private subscriptions, was
opposed by Mr. Schroeder who denied that the law de-
manded that payment should be made only when private
subscriptions had been paid in. he stated that ex-
Mayor Hall OF New-York had given IL as his opinion
some time ago the action OF the Controller JUS
titled by law. subsequently, however, Mr. Schroeder
somewhat startled the committee by announcing his
determination to vote against the section OF
Mr. Farrngton's resolutions which stated that II no
further legislation occurred at Albany during this
session in relation to the bridge the work would DO
stopped as the cities of NewY0rk and Brooklyn could
not legally issue any bonds. This contradiction Of
abatement brought Mr.. Harrington TO his feet. He
showed concusyey that the falacY Of the Controllers
reasonng-the section which called upon the Legisla-
ure 10 investigate the matters Of the bridge, aud re-
ouested it to send for persons and papers voted
down. aud opposed by several persons who we're in
flyor OF thorough investigation, but believed ii could
not be obtained by the present Legislature, and there
fore thought expedlent TO let the whoe matter 20 TO
the next legislature when more protracted discussion
upon the subject would make it clear what action the
people desired The substance OF the resolutions
ending that no further legislation shall take place at
Albany to relieve private stockholders was finally
adopted
THE PROCEEDINGS.
As there were no reports OF standing committees, A.
J. Perry Chairman OF the Special Committee presented
a report in substance as follows:
II ia deemed exDedent and important that this
clarion maintain It's organization as conservative,
watchfu and active body OF citizens, for the promoon
of good and the reduction OF taxatOn that
will all our influence TO compel thepottal parties
city and county TO put forward their candidates
for office at days previous 70 the day " election
that suitable candidates are not so nominated Oy
one or other bodies OF citizens, political OF other
wise this Association will nominate such candidates
that 10 make the Association more efficient Its member
sup will be increased, so that each ward shall have at
least members If practicable and the total member
ship snail be less than 2O an average OF 10 for each
ward that such increase be made upon the Nomination
OF 10 subcommittee 0f the BODY, az follows:
and Third WArd'-Lsad0ne Bennett Geo Nichols
Fouiia Fiah ami Eleventh w.rdH Elliott Al whtlOct H N.
sTs Rshs and Twelfth wlr-J H. NOTTINGHAM RObe Joha-
''S Tu5a and T~sa second wariss N Davis William
sv"ngS and Twentieth wards-JOhu W. Hunter st.arns L. "
Tbreenb Four,esntb wsrdJames Murray
Ntesnlb sixteenth and Nineteenth wAds-GeO Fiber wm.
EssssnS and TSsaty.hrd w.rds-ChAs G. HILL & James wn.
TTsatyarst and Tweny,cOud wAriswm II. HarA, Charles
Main and rwentysnA wards-JOhn French w. Adams c. L.
fnat such ub-committees shall report complete
within weeks, and each OF their reports shall be
subject TO the approval of this Association aud shall in
all cases considered in executive session. In cases
where Ward mas representation equal to or above
the said average number, nominations therefor
shall be made until IL is ascertained that u Is impract
cable to OTng the Wards NOT 50 reRrssensa up 70 'ne
three be appointed by the Chair 10 make
brief synopsis OF the provisions or the new enarter
in respect assessments, and all features involving
financial considerations which shall be published under
the direction OF the Executive Committee To the end
that the citzens have correct nformoton concern
ing all or revenue and expenditure Whlcn are
vital 70 a Just application OF the charter
Resolutions then adopted In effect that the ex-
penses OF city officials have been generally reduced by
the terms of the Charter and that herein it meets
with the approval Of the Committee OF One Hundred
Mr. Harrington then offered the following:
MR. FARRNGross RESOLUTIONS.
Whsreas The City OF Brooklyn did subscribe tS
10 the capital stock of tue NewYork Bridge Company
upon the express condition that 6o0o0 should be sub
srrbed for by private individuals and pro rata pay