The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-06-17
BROOKLYN MUNICIPAL AFFAIRS.

Tho Work ON the Bridge to Com.
tinue-The Comptroller Authorized
to Issue the Bonds OF the City
Lively Discussion Over the SUBJ
tect-Which Ii the Previous Question
The regular weekly meeting OF the Brooklyn
Board OF Aldermen was held yesterday afternoon,
President John NJ. Clancy in the chair.
The following communication touching the issu-
ing OF Bridge bonds was submitted from the Comp
trolier and read
To Es pssos s%Na June M
GEsrLEMss,Yonr honorable body adopted on the 10th
Resolved That the Comptroller be and he is hereby in
se 'sas a
sn S dir
The in the treasury of the company have been
on cay -
europe aS%
less hsy Is eompeIlea 70 ao 50 By law copssnes
the bridge majority she private stocRhodsrs WI
city Ra have Been Two millions
eaSs pa BY
nents such Subscriptions have been made
aa a eqHhSd y
Gay june h directed Se
q Ss oysrdae i
sys s % ks % ha ha so honor
Ta5s s"S ss.s
this city should be permitted act in this matter and
10 the payment OF future instruments on the part Of
l. therefore, recommend that the above resolution he
rescnded and that the matter be left in the hands OF tho
""A"e - oA''''' y + A. 'SCHR6EDER Comptroller
Alderman ROPES moved TO rescind the resOln
ton, and added that he rejoced in the opportunity
OF doing so, for the reason that he believed the
crisis had been reached and the construction OF
the bridge would now be carried forward, and that
VIII hog
those inside are likely to lose their capital
Alderman WYLIE asked II the issuing Of more
bonds for this purpose was not contrary to law.
The resolution which they were asked to rescind
did not require him to do anything more than to
carry out the law and he would IKE to know II
it was the intention OF the Board to give him
I the power OF issuing more bonds. He
did not think this was the proper course
to pursue nor did he think the management OF the
| directors of the Bridge Company were right. These
| men had asked when they found there was nothing
| more to be made out of IL to be relieved OF their
stock at seven per cent but the people OF the city
mad become aroused ut the rate OF taxation. Five
per cent, they say is to be the rate OF taxation
Alderman RIcuARpsoN-who saysp
Alderman WYIIE-Eycrybody says. Time win
| soon develop the fact. hope the resolution will
| not be seconded, and that no more money Will he
subscribed by the city until the directors abandon
| the work. Then let the city take 1t up and go on
Alderman RorEs-The gentleman from the
| Alderman WYLIE-I rise to point Of order.
| CHAK-State your point OF order
| Alderman WYLIE-The gentleman from the Third
1 Qsopes) has no right to impugn my motives
CIIAIR-Yonr point OF order Is not well taken.
| Alderman WYLlL-Wel, 20 on with your bridge
Alderman RopEs-The Alderman of the seventh
| Wyhe) predicted that the rate of taxation in
Brooklyn would be five per cent He predicted
| that the rate of taxation would be no higher this
year than 1t was last. With regard to the bridge
| he would say that he had a conversation with
/ the Comptroller in reference to the bus-
ness transacted At nuo the last meeting Of
had passed resolutions to sue the delinquent stock
| holders who refused TO pay their instruments The
Comptroller proposed TO act In conformity to the
subscriptions OF the New York Bridge Company.
| and nothing more He believed that those who had
been arguing against the bridge had been DONG 80
instalment had been called for, and those who had
paid in eighty per cent WIN have 70 pay Ten per
cent will nave to pay in thirty per cent more, or
have Judgment taken against the stock which
| they now hold. There were good men in the
| bridge management as there were out OF 1t. lie
hoped the resolution would be rescinded.
| spoke in favor OF the motion to rescind. one ef
the speakers intimated that Alderman Wylie was
| prompted by some outside party.
The Alderman of the seventh said that no one
| was behind him in this matter nor had he con-
name coupled with that OF MIR. Barnes, but he would
| say that his acquaintance with Mr.: Barnes was
very n hrg roT m but or his p mart he
stood there for the people, ignoring ali promises
Alter some further debate Alderman WYLIE
| offered the following resolution as an amendment
| to the motion OF Alderman Ropes
Resolved That the Comptroller be and he is hereby In
struc bonds the New York Bridge Company
| in compliance with the law only.
| Alderman RICHARDSON moved the previous ques.
| ton.
| Alderman wyLIE-what Is the previous ques-
| ton
The Chair hesitated
Alderman WYuE-I should like to know what the
| previous question is
CnAIR-Thc previous question is the main ques-
|. ton.
| Alderman WYLIE-Wcll, what is the main ques.
| ton
| CHAIR-I should think the gentleman from the
| Seventh (Wylie) ought to know when he has been
| talking on 1t for the last hall an hour.
The previous question, which was the resembling
| OF the former resolution, was put and carried.
Alderman WYLIE-Wel what becomes Of my
resolution Hand it back and will offer II in the
| regular order.
| CLARION, no that Is now part Of the minutes.
Alderman Wylie Immediately dropped INTO his
seat, seized his pen and prepared another as near
like the first rs he could remember. This he SUBJ
1 sequently offered but 1t was voted down.