The New York herald., 1873-11-02
THE INDUSTRIAL EXPOSITION.
The Aldermen Repent Having Appropriated
s2,500, 900 for the Prcjsct-Mayor Have
meyer Denunciatory-He stigmatises
the Measure a. Q swindle-
Meeting Of the Aldermen.

U
Meeting Of the Aldermen.
The Board OF Aldermen met yesterday IN special
session for the purpose OF taking action on mes
sage from his Honor the Mayor, in relation to the
loan OF $25oo,ooo appropriated by the Board OF
Aldermen. The call for the special meeting was
signed by nine members. At the hour OF meeting
all the members answered to their names except
Aldermen McCanerty Kehr and Koch.
The reading OF the minutes OF the previous meet
ing were, ON motion OF Alderman Cooper, dis
pensed with. The President OF the Board, Mr..
Vance, then announced message from His Honor
the Mayor, which Clerk Pinckney read as fol-
lows:-
THE MAYORS MESSAGE
MAroRs 0FrIcR, NRw YORK. Oct 80, 1873
GxsrIE.ES-on the 2sth instant your honorable body
on s the s0ss city
f
whether resolution concaried in Syboth boards Oi ing
OF the Mayor confer upon the Comptroller the statutory
authority TO issue the bonds Of the city and raise the
J. until after assea upon the re-
as 70 my h TO and upon the
II could take effect If the matter Lad been brought
Would have with You specially on the
sSfsa S % %
have therefore, respectfully 70 that the matter
sompsny pro-
s s ne Such
estate as may be necessary aud construct thereon
sd ss sahSns
Ict goods wares and mashnsrg meoaa
Tess during ths tms il the andsraking. shown
the as ws % se s
$ :. ,s:, sss sas .@ .ss
ne =
Ss Ss e, s. $
made and With whom made
ysas That sre deeply Il
Of pue Is al 70 na
city
the city will direct into the pockets OF these interested
This industrial Company has merely legal existence;
has o II una' NJ Of any yis Debts
pay, In fact It Is the scheme Of pure sdyentnrer;
become a public benefit - ~1 =
70 this company rather to this adyenturer the city
5 S. f Il nss s resSIsa
can be compelled BY mandamus to issue the bonds
ne
prohibited from selling bonds Of the city under par.
ND @
sered i ui s q required Upon these
bonds the city mus. the rate Of seven
Company upon its mortgage The statute makes COM
hs
and also to pay the these bonds when they
the company to repay the loan to meet take up the
After The promote1s Of hav. sue
ceeded IN securing to themselves the enormous Leans N
Of tie loan g Sc applied paynsn. o expense
OF Of his s e 70 we m
had some experiences as 10 the Art Of erecting public
as
and from whence is this money to be obtainedf Either
w ha this Done
q c ea
by some In the interests Of the taxpayers AGAINST
proposed erection Of new city prson-carred on under
ts, @ ze ~ now shown Dy Your hon
orahls body to put an effective stop to this undoubted
with. yca will md no one Responsible,
has pac o M bs Sa
side Of the island our unfinished Court House, the
charge a Of the Pubic %
marks Al sss e. sarra On BY ns rassa
time Sga asan y s Sa 81 Ps
PsIisnsss son.ldersSie aiisay Il raising The money.
therefore is not the time fasten the city this fur
There are no parae. desirous the promotion of
this scheme at the public expense other than the inter
and a few who are controlled or deiuded by them
in the city who have protested to me Es
strongest manner against the proposed loan and am
WSch s been sa and
that an additional subscription has been made OF
the city The loan now sought am further informed
and the stock for the balance Of the subscription is to be
Turing The Year upon which we are Just entering the
s. sos the hs Ss G h9 e a e
various departments are little in excess OF this year
Fourth avenue Improvement decreased Interest on debt
hs e o S h
and perspna subject 70 taxation to 5sman as at
allowed BY the Board Of Xpportionmeni, viii raise
I cant o% next year and Ss qa pa cent? s
for ne p5sseSs The aspect
valuation, but clearly foreshadows diminution, par
,euary as personal property besides the ctty may
Crowded pr HR' for themselyes ''''''0
% az yS e ps Se
hands Of those interested therein the funds required to
powers at the public expense.
This certain 10 be the result of your approval OF
the scheme that cannot but hope you will pause before
giving such sanction and that the resolution you have
already passed shall be reconsdered and rescnded by
you. w. y. HAVEMEYER
At the conclusion OF the reading OF this docu-
ment Alderman jenkins Van Schaick arose and
said that at the meeting when the sum OF 81 900
was voted 10 the exposition, provided by the act
OF the Legislature, he voted for Its adoption and
then stated that II there was anything wrong in
the measure His Honor the Mayor would take
ample care OF the city's interests. He had also
been informed that the Mayor and his colleague
(Mr Ottendorer) we're directors OF the companys
and had no idea that the afrairs OF the association
were in irresponsible hands. Since the appropra-
tion was passed he had received some additional
facts, and 1or that reason he now begged the prIvl
lege OF moving that the message OF ms Honor the