The New York herald., 1873-10-12

There was Emusic in the air'' around the City
Hall yesterday afternoon. IL was well known
fact that the Commissioners OF the Sinking Fund
would hold a session at one O'Clock, and as the
Commissioners OF Account were, on request oil
the Comptroller, to be present, lively time was
anticipated. The Sinking Fund Commissioners
present yesterday, were Mayor Havemeyer, pres
iding, the Comptroller, Mr.. John Wheeler, President
OF the Department OF Taxes and Assessments and
Alderman Van SchaicE, Chairman OF the Commit
tee on Finance OF the Board OF Aldermen. City
Chamberlain Lane was likewise present. The
folowinr resolutions offered at nrevous meeting
OF the Commissioners were called rom the table
and adopted
Resolved That pursuance Of the authority conferred
upon the Board OF stimae AMI Apporionmen. by pro-
visions OF section M chapter ss5 o. the Laws 1879 the
r time 70 ime as may be required and at such rates
strest impToysmsnutt, Fane bonis as auhcrized BY
ty sio0ooO OF the same class bonds falling due
One million hundred thousand dollars 81 200 900
Which was laid over.
The Comptroller presented the following resolu-
tom
Resolved That in of the authority conferred
upon the sosTd Of m smse and & b pr"
Comptroller he is hereby authorized to issue iron
time TO time "a may ne required ana AZ Sncn rates OF ~
Ccnoldated stock of the city OF York. as provided
bysection OF chapter "a OF the Laws o 1872 to provide
the means nay account of the amount OF
which have been vacated by the supreme Court
Two million dollars. 81 cOoO OOO
Which was laid over.
The Comptroller presented the following resou
tlon:-
Resolved That in pursuance OF the authority conferred
upon the BOARD q Estimate and Apportonmen BY the
is7S The Comp roller 10 and he Is authorized to Issue
ct a. h. may not Exceeding per
cent per annum
OF @ n cSsP $50 oi aa
5000 the Of bonds falling November
Six hundred and i've thousand dollars. sGoo
Which was laid over.
The Comptroller preserved the following resolu-
tom
Resolved That in pursuance authority conferred
upon the Board OF Estimate and Apporlonment by the
provisions OF section IL q chapter s55 Of The Laws Of
issue from time to time may be required and at such
p per en "a nnm the oowns
Central Park Commission Improyement Bonds, as
OF taxing up maturity s5 900 OF the class bonds
S,,anf Twenty,ye ahy saSs thouSand dollars liar $4,000
81 farks "a s DO Bonds th as author
taking maturity saoaoo Of the same clas' Of bonds
Three hundred thousand dollars. $780, 900
Which was lald over.
The Comptroller called the attention OF his col
leagues to paragraph IN the report OF the Com
missloners OF Accounts published on the Sin inst,
relative TO the missing bonds, amounting to
$94,0 ,034 SO, which, II remaining unexpained might
at least convey an erroneous Impression. lie
Commissioners OF Accounts could not be actuated,
in making the report, oy any impure motives, and
doubtless made their statement unadvisedly and
IN haste. These gentlemen should have made a
more minute examination into the affairs OF his
Office before giving their conclusions broad
cast to the world and as every facility was
afforded them Tor thorough search and
scrutiny II such was had all the transactions would
have been found perfectly proper and regular. The
receipts 0. the Chamberlain Tor the money paid for
these bonds, which had not been received from the
engraver, though IN course oi preparation, were
on hand and could readily have been seen.
Mir. Howe. OF the Commissioners OF Accounts,
said that they had made an examination or the
journal OF the sinking fund, and compared the en-
tres with the securities in the tin box.
They did not correspond, as there was discrep-
ancy OF S94034 3d. This amount was not In the box.
The Comptroller answered that these securities
were IN a safe.
Commissioner Howe replied that the box was in
:. safe.
The Comptroller wanted to know whether the
placing Of tin box would affect this serious sub
Jccty
stated that, under resolution OF the Sinking Fund
Commission, he had examined into the subject OF
the whereabouts OF the securities belonging TO this
Commission. and proceeded to read the following
report:-
To COMMISSIONERS SINKING FUND.-
of snsn a
e @ se a e nvan h securities held by
to the duty imposed on him now respectfully repors;
ana stocks OF the city aud county OF New York amount
on ss o ax OF % @ to es S9 Of
the customary receipts Of the CHAMBERLAIN pending the
IN pection found to be correct '''' "'i' y po'so"a
at !, at & the ra same date M b there was q the depository
depton OF the City Debt' the further OF S2osgiO
And that the same date there were bonds and mort
gage o a he s for . ana g % Shsh may be
sent some years since to the Office Of the Corporation
poration has caused search to e Instituted making M an
aggregate amount OF $50 o6je the proceeds Which,
demphon Of the city iebt
In connection submit the following recapituaton Of
iss assets q the singing iand on the SS day OF August
Less outstanding warran ! at the above
Bonds and stocks city and county sSSiS
Bonds and mortgages s-.................... 7s0,666
Respectfully submitted.
NEW YORK, oct II, 1873
Mr. HOWE still continued TO reiterate that he
could not ind any trace Of the $4,000 IN the tin
box, although the entries appeared on the Journal
The Comptroller did not think that this should
have occurred, and that the entries would not have
been made without securities to correspond
Commissioner HowE-We reported matters as
they appeared, and we could only find l2o out OF
the 500 receipts OF Chamberlain Lane
Alderman VAN ScHAIcK now took part In the
proceedings, and said that he thought there was
considerable feeling IN the matter His Honor the
Mayor did not think so.
Some wordy sparring occurred between the
Comptroller and Alderman Van schacK on the
latter proposing vote Of censure the former
who said that IL was very lmpertnent to make
any such motion, and that the Sinking Fund Com
mssIoners have no right to censure the Comp
trOller.
Alderman VAN ScHAIcK retaliated by saying that
''the Comptroller may be very honest man, but
he IL very stubborn and does not know how to
treat lady or gentleman with ordinary courtesy.u
Thus the debate ceased.
The CONTROLLERS stated that his report and that
OF the commissioners OF Accounts agreed In all
but five cents.r
On motion OF Alderman VAN ScHAIcK the re-
port OF chamberlain Lane was ordered to be
printed
After the appointment OF Messrs. Robert Lennox
Kennedy, Sheppard Knapp aud William NJ. ver-
milye as a committee to examine the securities of
the Sinking Fund Commission, the same adjourned
subject to the call OF the chairman.
BOARD OF APPORTIONMENT,
Over S4,OOO,O0O Of Bonds To BE Issued.
This Board met Yesterday Mavor uayomavor